Nelcast Limited (NELCAST) Earnings Call Transcripts

Nelcast Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Nelcast Limited reported total revenue of INR 1,342.4 crores, reflecting a year-on-year growth of 5.8%. Profit after tax grew by 29.9% to INR 48.4 crores, with a PAT margin improvement to 3.6%. Management maintained a positive outlook for FY '27, expecting continued growth driven by strong domestic demand and improving export conditions, particularly in the U.S. market. The company also signaled a target of 10% CAGR for revenue over the next three years and aims to achieve an EBITDA per kg of INR 18 by FY '29.

Reported metrics

Guidance from management

Management maintained a revenue CAGR target of 10% for FY '26 to FY '29 and aims for an EBITDA per kg of INR 18 by FY '29, indicating confidence in growth prospects.

What management said

So in terms of capacity utilization for the plants, I think Gudur was at about -- overall, our capacity utilization was at about 65%. Our Gudur plant was at about 55%. Ponneri plant realized nearly 100% capacity utilization. And our Pedapariya plant for the year was at 27% capacity utilization.

So I think from a fixed cost perspective, I'll break it up in 2 parts. I think from an EBITDA perspective, if you were to look at the Pedapariya, at 35%, we are able to achieve positive EBITDA, right? So that's definitely a positive sign, I would say, that we are there and able to achieve a positive EBITDA at this 35% number that we managed to achieve in Q4. Now of course, beyond the EBITDA level, there's also obvio...

What analysts pressed on

Analysts raised concerns about capacity utilization, particularly at the Pedapariya plant, which remains below expectations. There were also questions regarding the impact of geopolitical uncertainties on customer demand and pricing strategies amidst rising raw material costs.

Main topics on the call

• Revenue Growth Stability — Nelcast's revenue for FY '26 reached INR 1,342.4 crores, marking a 5.8% increase year-on-year. Management noted, 'While revenue growth remained stable during the year, we delivered meaningful improvement in our profitabi...
• Profitability Improvement — The company reported an EBITDA of INR 124.5 crores, up 17.8% year-on-year, with an EBITDA margin improvement to 9.3%. 'The overall trajectory through FY '26 reflects a structural improvement in our operating performance,...
• Export Market Recovery — Management indicated a recovery in export demand, particularly in the U.S. market, stating, 'We saw a clear pickup towards the end of the fourth quarter.' This is expected to continue into FY '27.
• Capacity Utilization Challenges — Capacity utilization across plants varied, with the Gudur plant at 55% and Pedapariya at 27%. Management acknowledged, 'We expect that Pedapariya now with the new product launches... will bring this number up, that, too,...

Read the full Nelcast Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Nelcast Limited earnings call transcripts on record, spanning January 30, 2024 to July 28, 2026. Based on this history, Nelcast Limited reports semi-annually. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NELCAST

Exchange

NSEI

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

8

First call

January 30, 2024

Most recent

July 28, 2026

Reporting cadence

semi-annually