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Discovery series: This micro cap idea is set to ride the CV cycle

Nandish Shah   •

This stock is well placed on the back of an upturn in CV cycle, higher export demand and improvement in EBITDA

Nelcast: Nelcast reports 283.5% YoY growth in Q1 profit at Rs 7.8 crore driven by healthy operating performance. Revenue grows 60%. The ductile and grey iron castings producer has clocked a 283.5% year-on-year growth in profit at Rs 7.8 crore for the quarter ended June 2022, driven by healthy operating performance and top line. Revenue grew by 60% to Rs 295.2 crore with growth in volumes and better realisation, while EBITDA increased by 60.4% to Rs 23.3 crore during the same period.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More