Tulsyan NEC

Why is Tulsyan NEC Ltd falling/rising?

As of 15-Jul, Tulsyan NEC Ltd's stock price is currently at 24.05, reflecting a 2.0% decrease and an 11.58% drop over the last four days. The stock is underperforming significantly, trading below key moving averages and showing a year-to-date decline of 31.48%.

As of 15-Jul, Tulsyan NEC Ltd's stock price is falling, currently at 24.05, which reflects a decrease of 0.49 or 2.0%. The stock has been underperforming significantly, with a consecutive decline over the last four days, resulting in a total drop of 11.58% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date decline of 31.48% compared to a 9.43% drop in the Sensex. <BR><BR>The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in investor participation, with delivery volume rising by 272.73% against the 5-day average, this has not translated into positive price movement. Overall, the combination of consistent declines, underperformance relative to the sector, and trading below key moving averages contributes to the ongoing fall in Tulsyan NEC Ltd's stock price.

Which are the latest news on Tulsyan NEC?

What does Tulsyan NEC do?

Tulsyan NEC Ltd is a micro-cap manufacturer of Thermo Mechanically Treated (TMT) Bars in the Iron & Steel Products industry, with a recent net sales of 165 Cr and a net profit of -19 Cr as of March 2026. The company has a market cap of INR 59 Cr and operates with a high debt-to-equity ratio of 2.18.

Overview: <BR>Tulsyan NEC Ltd is a leading manufacturer of Thermo Mechanically Treated (TMT) Bars in the Iron & Steel Products industry, categorized as a Micro Cap company.<BR><BR>History: <BR>Tulsyan NEC Ltd was incorporated on April 11, 1947, originally as National Engineering Company Ltd. The company received its certificate of commencement of business on July 7, 1947. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>- Net Sales: 165 Cr (Quarterly Results - Mar 2026) <BR>- Net Profit: -19 Cr (Quarterly Results - Mar 2026) <BR>- Market Cap: INR 59 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>- P/E: N/A <BR>- Industry P/E: 26 <BR>- Dividend Yield: 0.00% <BR>- Debt Equity: 2.18 <BR>- Return on Equity: -34.67% <BR>- Price to Book: 0.32 <BR><BR>Contact Details: <BR>Address: 1st Floor Apex Plaza Old No 3, New No 77 Nungambakkam High Rd Chennai Tamil Nadu : 600034 <BR>Tel: 91-44-39181060/39120756 <BR>Email: info@tulsyannec.in <BR>Website: http://www.tulsyannec.in

How big is Tulsyan NEC?

As of 10th June, Tulsyan NEC Ltd has a market capitalization of 59.00 Cr and reported Net Sales of 807.56 Cr, with a Net Profit loss of 64.33 Cr over the latest four quarters. Shareholder's Funds are 249.79 Cr, and Total Assets are valued at 761.70 Cr.

As of 10th June, Tulsyan NEC Ltd has a market capitalization of 59.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Tulsyan NEC reported Net Sales of 807.56 Cr. However, the company experienced a loss of 64.33 Cr in Net Profit during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2025. Shareholder's Funds stand at 249.79 Cr, while Total Assets are valued at 761.70 Cr.

Who are in the management team of Tulsyan NEC?

The management team of Tulsyan NEC includes Lalit Kumar Tulsyan (Executive Chairman), Sanjay Tulsyan (Managing Director), and several Whole-time and Independent Non-Executive Directors, ensuring a diverse governance structure.

The management team of Tulsyan NEC includes the following individuals:<BR><BR>1. **Lalit Kumar Tulsyan** - Executive Chairman<BR>2. **Sanjay Tulsyan** - Managing Director<BR>3. **Sanjay Agarwalla** - Whole-time Director<BR>4. **S. Chandrasekaran** - Whole-time Director<BR>5. **Manogyanathan Parthasarathy** - Independent Non-Executive Director<BR>6. **Antonisamy Axilium Jayamary** - Independent Non-Executive Director<BR>7. **Somasundaram Ponsing Mohan Ram** - Independent Non-Executive Director<BR>8. **Ravi Muthusamy** - Independent Non-Executive Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

Who are the peers of the Tulsyan NEC?

Tulsyan NEC's peers include Prakash Steelage, Alliance Integ., Rajas. Tube Mfg, Acrow India, Dhatre Udyog, Umiya Tubes, Aditya Ultra, Shri Hare-Krish., and Mangalam Alloys. Umiya Tubes has the highest 1-year return at 137.71%, while Tulsyan NEC's return is -15.37%.

Peers: The peers of Tulsyan NEC are Prakash Steelage, Alliance Integ., Rajas. Tube Mfg, Acrow India, Dhatre Udyog, Umiya Tubes, Aditya Ultra, Shri Hare-Krish., and Mangalam Alloys.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shri Hare-Krish., while Average management risk is found at Prakash Steelage and Mangalam Alloys, and the rest have Below Average management risk. Growth is Below Average for Prakash Steelage, Alliance Integ., Rajas. Tube Mfg, Tulsyan NEC, Acrow India, Dhatre Udyog, Umiya Tubes, Aditya Ultra, and the rest. Capital Structure is Excellent at Shri Hare-Krish., while Below Average is noted for Prakash Steelage, Alliance Integ., Rajas. Tube Mfg, Tulsyan NEC, Acrow India, Dhatre Udyog, Umiya Tubes, Aditya Ultra, Mangalam Alloys, and the rest.<BR><BR>Return Snapshot: Umiya Tubes has the highest 1-year return at 137.71%, while Rajas. Tube Mfg has the lowest at -70.59%, and Tulsyan NEC's own 1-year return of -15.37% is better than Rajas. Tube Mfg but worse than Umiya Tubes. Additionally, Dhatre Udyog and Alliance Integ. have negative six-month returns.

Should I buy, sell or hold Tulsyan NEC Ltd?

Are Tulsyan NEC Ltd latest results good or bad?

Tulsyan NEC Ltd's latest results are concerning, showing a net loss of ₹19.36 crores in Q4 FY26 and a significant year-over-year revenue decline of 22.91%. The company faces operational inefficiencies, weak debt servicing ability, and high promoter share pledging, indicating a high-risk situation for investors.

Tulsyan NEC Ltd's latest results indicate a challenging financial situation. In Q4 FY26, the company reported a net loss of ₹19.36 crores, which is a significant decline of 32.38% compared to the previous quarter. Revenue for the same quarter was ₹164.97 crores, showing a slight sequential improvement of 5.68% but a concerning year-over-year drop of 22.91%.<BR><BR>The operating margin remains deeply negative at -2.60%, indicating ongoing operational inefficiencies. Additionally, the interest coverage ratio is severely weak at -0.22x, highlighting difficulties in servicing debt obligations. The company's financial performance has been characterized by volatility, with a consistent inability to generate positive cash flows from core operations.<BR><BR>Moreover, Tulsyan NEC's stock has underperformed significantly, declining 23.58% over the past year, contrasting sharply with the broader sector's recovery. The high level of promoter share pledging at 99.63% raises further concerns about financial stability and potential forced selling.<BR><BR>Overall, the results reflect a high-risk situation for investors, with multiple red flags indicating structural challenges and limited prospects for recovery in the near term.

How has been the historical performance of Tulsyan NEC?

Tulsyan NEC has experienced a significant decline in financial performance, with net sales dropping from 1,021.68 Cr in March 2023 to 868.32 Cr in March 2025, and a shift from a profit before tax of 188.80 Cr to a loss of -72.56 Cr in the same period. Key metrics such as operating profit and cash flow from operating activities also showed substantial decreases.

Answer:<BR>The historical performance of Tulsyan NEC shows a significant decline in key financial metrics over recent years.<BR><BR>Breakdown:<BR>Tulsyan NEC's net sales have decreased from 1,021.68 Cr in March 2023 to 868.32 Cr in March 2025, reflecting a downward trend. The total operating income followed a similar pattern, dropping from 1,021.68 Cr in March 2023 to 868.32 Cr in March 2025. The company's total expenditure, excluding depreciation, also fell from 1,005.38 Cr in March 2023 to 854.50 Cr in March 2025. Operating profit (PBDIT) showed a decline, with a profit of 17.28 Cr in March 2025 compared to 18.45 Cr in March 2023. However, the company faced substantial losses, with a profit before tax of -72.56 Cr in March 2025, down from a profit of 188.80 Cr in March 2023. The profit after tax mirrored this trend, resulting in a loss of -72.56 Cr in March 2025, compared to a profit of 130.50 Cr in March 2023. The total assets decreased from 868.48 Cr in March 2023 to 761.70 Cr in March 2025, while total liabilities also declined from 868.48 Cr to 761.70 Cr in the same period. Cash flow from operating activities decreased significantly, dropping from 340.00 Cr in March 2023 to 39.00 Cr in March 2025, indicating a challenging cash flow situation. Overall, Tulsyan NEC's financial performance has shown a consistent decline across multiple metrics over the past few years.

When is the next results date for Tulsyan NEC?

The next results date for Tulsyan NEC is 13 August 2025.

The next results date for Tulsyan NEC is scheduled for 13 August 2025.

Who are the top shareholders of the Tulsyan NEC?

The top shareholders of Tulsyan NEC include Sanjay Tulsyan, who holds 26.85%, and India Special Assets Fund III, with 6.9%. Individual investors own 14.59%, while there are currently no mutual funds or foreign institutional investors involved.

The top shareholders of Tulsyan NEC include the promoters, who hold a significant majority of the shares. The promoter with the highest holding is Sanjay Tulsyan, who owns 26.85% of the company. Additionally, the highest public shareholder is India Special Assets Fund III, which holds 6.9%. Individual investors collectively own 14.59% of the shares. Notably, there are no mutual funds or foreign institutional investors (FIIs) holding shares in the company at this time.

Is Tulsyan NEC overvalued or undervalued?

As of July 26, 2023, Tulsyan NEC's valuation has shifted to "risky" due to negative financial metrics, including a PE ratio of -0.96 and an EV to EBITDA of 32.00, indicating it is overvalued compared to healthier competitors like JSW Steel and Tata Steel, and it has significantly underperformed the Sensex with a year-to-date return of -40.34%.

As of 26 July 2023, the valuation grade for Tulsyan NEC has moved from does not qualify to risky, indicating a negative shift in its financial standing. The company appears to be overvalued based on several key ratios: it has a PE ratio of -0.96, an EV to EBITDA ratio of 32.00, and a ROE of -29.05%. These figures suggest significant financial distress compared to its peers.<BR><BR>In comparison to notable competitors, JSW Steel Ltd. has a PE ratio of 64.98 and an EV to EBITDA of 14.20, while Tata Steel Ltd. shows a PE of 51.92 and an EV to EBITDA of 11.04. These peers reflect a healthier valuation and operational efficiency within the industry. Furthermore, Tulsyan NEC's stock has underperformed significantly against the Sensex, with a year-to-date return of -40.34% compared to the Sensex's 5.58%, reinforcing the notion that the company is overvalued in its current state.

What is the technical trend for Tulsyan NEC?

As of June 3, 2025, Tulsyan NEC's trend has shifted to bearish with moderate strength, supported by daily moving averages and Bollinger Bands, despite mixed signals from MACD and Dow Theory, indicating underperformance compared to the Sensex.

As of 3 June 2025, the technical trend for Tulsyan NEC has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages signaling bearishness, and both the weekly and monthly Bollinger Bands confirming a bearish trend. The MACD shows a conflicting mildly bullish signal on the weekly timeframe but is bearish on the monthly, indicating a lack of momentum. Additionally, the Dow Theory presents a mildly bearish outlook on the weekly while being mildly bullish on the monthly, suggesting mixed signals. Overall, the bearish trend is reinforced by the significant underperformance in returns compared to the Sensex across multiple time frames.

Has Tulsyan NEC declared dividend?

Yes, Tulsyan NEC Ltd has declared a 15% dividend, amounting to ₹1.5 per share, with an ex-date of September 20, 2012. However, the company has experienced significant negative price returns over various periods, resulting in a total return of -44.69% over the last 6 months and -48.17% over the last year.

Tulsyan NEC Ltd has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 1.5<BR>- Ex-date: 20 Sep 12<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -44.69%, the dividend return was 0%, resulting in a total return of -44.69%.<BR><BR>For the 1-year period, the price return was -48.17%, the dividend return was 0%, leading to a total return of -48.17%.<BR><BR>Over the 2-year period, the price return was -28.57%, the dividend return was 0%, which resulted in a total return of -28.57%.<BR><BR>In the 3-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>For the 4-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>In the 5-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>Overall, while Tulsyan NEC Ltd has declared a dividend, the total returns over various periods indicate significant negative price performance, with no dividends contributing to returns in recent years.