Nelcast is India's largest producer of ductile iron castings and a leading producer of grey iron castings. Its products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.

The company posted a set of consistent, no-fireworks kind of numbers for Q1FY17. Its net sales for the quarter rose 12% (YoY) at Rs.159 crore. Raw material cost was down 15% and this helped improve the EBITDA, which was up 14% at Rs.16 crore. Margins improved a bit from 9.86% to 10.06%.

It ended the quarter with a net profit of Rs.8 crore, up 14% on an equity of Rs.17.40 crore. EPS came in at 90 paise (FV of Rs.2/share). Reserve stood at Rs.288 crore. Promoters holding is substantial at 74.42%.