Nelcast Share Price Target 2027: 4.5% Upside to Rs 157, Bull Case Rs 191

Investors weighing a Nelcast target price for 2027 should start with where the stock sits today. At Rs 150.24 on 12 November 2026, it is 13.3% below its 52-week high of Rs 173.20 and 74.7% above its 52-week low of Rs 85.98. That range spans 101% from low to high, so the entry point matters as much as the Nelcast price forecast itself.

This article builds the Nelcast share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

Click Here – Get Free Investment Predictions

Nelcast Stock Analysis: Company Overview and Key Stats

Nelcast (NSE: NELCAST) has a market capitalisation of Rs 1,365 crore. In FY26 it reported revenue of Rs 1,342 crore and net profit of Rs 48.43 crore. The table collects the figures the Nelcast share price target is built on.

Metric	Value
Company	Nelcast
NSE Ticker	NELCAST
CMP (12 November 2026)	Rs 150.24
52-Week High	Rs 173.20
52-Week Low	Rs 85.98
Market Cap	Rs 1,365 crore
PE Ratio (TTM)	25.98
Industry PE	47.42
Price to Book	2.23
Return on Equity	8.58%
Debt to Equity	0.39
EPS (TTM)	Rs 6.04
Dividend Yield	0.45%
12-Month Base Target	Rs 157
Bull Case	Rs 191
Downside Risk Level (not a target)	Rs 126

Why Is Nelcast Share Price Target Set at Rs 157 for 2027?

The arithmetic is short. Trailing EPS of Rs 6.04 grown for one year gives a forward EPS estimate of Rs 6.04, and multiplying it by the unchanged PE of 25.98 gives the Rs 157 base-case Nelcast stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Nelcast Target Price: Five Years of Results

Nelcast grew revenue from Rs 936.74 crore in FY22 to Rs 1,342 crore in FY26, a compound annual growth rate of 9.4%. Net profit grew faster, from Rs 14.22 crore to Rs 48.43 crore (35.8% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	936.74	14.22	1.64	0.30
FY23	1,280.12	29.74	3.42	0.40
FY24	1,281.22	54.41	6.25	0.40
FY25	1,268.79	37.29	4.29	0.50
FY26	1,342.37	48.43	5.57	0.70

FY26 revenue growth was 5.8%, slower than the four-year average of 9.4%, and net profit moved up 29.9%. EPS fell from Rs 6.25 in FY24 to Rs 5.57 in FY26. The FY27 outlook for the Nelcast price target depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Nelcast converted 3.6% of FY26 revenue into net profit, against 2.9% in FY25, within a five-year range of 1.5% to 4.2%. EBITDA margin was 9.3% in FY26 versus 8.6% in FY25.

In the September 2026 quarter, revenue was Rs 409.56 crore, up 35.2% from the same quarter a year earlier, while net profit of Rs 16.20 crore was up 240.3%. EBITDA came in at Rs 36.39 crore, up 70.4% year on year. The next quarterly result is the first test of whether the earnings assumption behind the Nelcast stock target holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.39, and shareholders' equity grew from Rs 444.39 crore in FY22 to Rs 599.35 crore in FY26. Operating cash flow in FY26 was Rs 91.58 crore against capital expenditure of Rs 17.74 crore, leaving free cash flow of Rs 73.84 crore, or 5.4% of the current market capitalisation. In FY25 free cash flow was Rs 11.62 crore.

Valuation Check for the Nelcast Stock Target: PE, Price to Book and ROE

At a PE of 25.98 against an industry PE of 47.42, Nelcast trades at a discount to its industry. Price to book is 2.23 on a book value of Rs 70.31 per share, and return on equity is 8.58%. A PE of 25.98 equals an earnings yield of 3.8%, and the FY26 dividend of Rs 0.70 per share gives a yield of 0.45%.

Shareholding Pattern and Institutional Holding

Promoters held 74.87% of Nelcast in September 2026, and promoter holding has stayed near 74.87% since September 2025. Foreign institutional investors (FII) held 0.02% and domestic institutions (DII) held 0.12%, which puts total institutional holding at 0.14%. FII holding fell from 0.80% in September 2025 to 0.02% in September 2026. Public shareholders own the remaining 24.99%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Nelcast Share Price Targets for the Short Term and 12 Months

Short Term Nelcast Stock Target Levels: Technical Setup

At Rs 150.24 on 12 November 2026, Nelcast trades above its 50-day simple moving average of Rs 127.93 and above its 200-day exponential moving average of Rs 127.59. The 14-day RSI reads 67.2, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 173.20 (52-week high) and the nearest support is Rs 127.93 (50-day simple moving average). A sustained move above Rs 173.20 would improve the short-term setup, while a close below Rs 127.93 would shift attention to the next support.

12 Month Nelcast Target Price for 2027

The 12-month target of Rs 157 means a move of 4.5% up from Rs 150.24 over the next 12 months. It would still leave the stock 9.4% below its 52-week high of Rs 173.20. The upside in the base case is thin, so the thesis here leans on the bull case and on patience. Anyone checking the Nelcast share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Nelcast Target Price

EPS Growth	PE 20.78	PE 25.98	PE 29.88
0.0% (EPS Rs 6.04)	Rs 126	Rs 157	Rs 180
0.0% (EPS Rs 6.04)	Rs 126	Rs 157	Rs 180
6.0% (EPS Rs 6.40)	Rs 133	Rs 166	Rs 191

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Nelcast price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Nelcast Stock Target in 2027

Bull Case Rs 191

The bull case Nelcast price target needs EPS growth of 6.0%, which lifts forward EPS to Rs 6.40, and a PE multiple that rises 15% to 29.88. That gives Rs 191, 27.1% above the current price and above the 52-week high of Rs 173.20, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 126

The downside risk level is not a target. It assumes EPS stays flat at Rs 6.04 and the PE falls 20% to 20.78. That gives Rs 126, 16.1% below the current price and above the 52-week low of Rs 85.98.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	6.0%	29.88	Rs 191	+27.1%
Base Case	0.0%	25.98	Rs 157	+4.5%
Downside Risk	0.0%	20.78	Rs 126	-16.1%

Key Risks to the Nelcast Target Price for 2027

Growth Slowdown Risk for the Nelcast Price Target

Revenue in the September 2026 quarter was up 35.2% year on year, and FY26 revenue growth was 5.8%. If growth slows from here, the EPS estimate behind the Nelcast stock target will need revising.

Liquidity and Size Risk

Nelcast has a market capitalisation of Rs 1,365 crore. Institutional holding is 0.14%, and promoters hold 74.87%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 3.6% in FY26, so a small slip in costs moves profit noticeably. At a PE of 25.98 versus an industry PE of 47.42, a de-rating toward the downside-risk PE of 20.78 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 67.2 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Nelcast

Start with the live price and volume. Any Nelcast share price target is only as current as the data behind it, and the data here is as of 12 November 2026, so refresh the Rs 150.24 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Nelcast's PE, ROE, debt and shareholding in one place.

Check Nelcast fundamentals on the Univest Screener

Then compare the three Nelcast target price scenarios with your own view. If you expect EPS growth below 0.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Nelcast live price and get daily stock recommendations.

Conclusion

The Nelcast share price target for 2027 is Rs 157 in the base case, with Rs 191 as the bull case. The support for that view is arithmetic you can check: EPS grew -5.6% a year over FY24 to FY26, and the stock trades at a PE of 25.98. The risks are equally concrete, including a net margin of just 3.6% that leaves profit sensitive to costs and a downside scenario that cuts the price 16% if earnings stall. Use these numbers as a framework for judging the Nelcast price target, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Nelcast Share Price Target 2027

What is the Nelcast share price target for 2027?

Ans. The base-case Nelcast share price target for 2027 is Rs 157, which is 4.5% above the price of Rs 150.24 on 12 November 2026. The bull case is Rs 191 and the downside risk level, which is not a target, is Rs 126. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Nelcast share price today?

Ans. As of 12 November 2026, 9:28 AM IST, Nelcast (NSE: NELCAST) trades at Rs 150.24, up 1.65% on the day. That is 13.3% below the 52-week high of Rs 173.20 and 74.7% above the 52-week low of Rs 85.98. The market capitalisation of Rs 1,365 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Nelcast a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown -5.6% a year over FY24 to FY26 and the base case implies 4.5% upside; on the cautious side, the net margin is a thin 3.6%, and the downside risk level of Rs 126 is 16% below the current price. Whether Nelcast fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Nelcast shares?

Ans. The bull case in the Nelcast share price target for 2027 is Rs 191, which assumes 6.0% EPS growth and a PE of 29.88, a 15% re-rating from today's multiple. That is 27.1% above the current price and above the 52-week high of Rs 173.20, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 126, which assumes flat EPS and a PE of 20.78, 20% lower than today. It sits 16.1% below the current price and above the 52-week low of Rs 85.98, and it marks a risk to watch, not a target.

What are the main risks to the Nelcast price target?

Ans. Four risks matter most for the Nelcast share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 1,365 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 20.78 would cut the price even if earnings hold.

What is the PE ratio of Nelcast and how does it compare with the industry?

Ans. The PE ratio of Nelcast is 25.98, against an industry PE of 47.42, which is a discount to the industry. Price to book is 2.23 and return on equity is 8.58%, and the PE equals an earnings yield of 3.8%. The base case holds the PE unchanged, so the Nelcast share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Nelcast, and what is the promoter holding?

Ans. Promoters held 74.87% of Nelcast in September 2026. FII held 0.02%, DII held 0.12% and the public held 24.99%. Together the two institutional groups hold 0.14%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Nelcast's latest quarterly results?

Ans. In the September 2026 quarter, Nelcast reported revenue of Rs 409.56 crore (up 35.2% year on year) and net profit of Rs 16.20 crore (up 240.3%). For comparison, FY26 full-year revenue growth was 5.8% and net profit moved up 29.9%. Each new quarter either supports or weakens the EPS growth of 0.0% assumed in the base case.