Tulsyan NEC

What does Tulsyan NEC do?

Tulsyan NEC Ltd is a manufacturer of Thermo Mechanically Treated (TMT) Bars in the Iron & Steel Products industry, with a market cap of Rs 74 Cr. As of March 2025, it reported net sales of 214 Cr and a net loss of 42 Cr.

Overview: <BR>Tulsyan NEC Ltd is a manufacturer of Thermo Mechanically Treated (TMT) Bars and operates within 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 are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Net Sales: 214 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -42 Cr (Quarterly Results - Mar 2025) <BR>Market cap: Rs 74 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 1.49 <BR>Return on Equity: -29.05% <BR>Price to Book: 0.27<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

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.

Who are the peers of the Tulsyan NEC?

Tulsyan NEC's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others. Tulsyan NEC has below-average management and capital structure, with the lowest 1-year return at -48.81% among its peers.

Peers: The peers of Tulsyan NEC are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Unison Metals, Rathi Bars, Aditya Ultra, Abha Power, and Kalana.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes and Abha Power, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and Kalana. Average management risk is present at Jindal Saw and Unison Metals, while Below Average management risk is noted at Tulsyan NEC, Rathi Bars, and Aditya Ultra. For Growth, Excellent growth is seen at APL Apollo Tubes and Jindal Saw, Good growth at Aditya Ultra and Abha Power, Average growth at Shyam Metalics, Ratnamani Metals, and Unison Metals, and Below Average growth at Tulsyan NEC, Welspun Corp, Jindal Saw, Rathi Bars. In terms of Capital Structure, Excellent capital structure is noted at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, Good capital structure at Welspun Corp and Kalana, while Below Average capital structure is observed at Tulsyan NEC, Jindal Saw, Unison Metals, Rathi Bars, and Aditya Ultra.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.71%, while the peer with the lowest is Tulsyan NEC at -48.81%, indicating that Tulsyan NEC's return is significantly lower than its peers. Additionally, the six-month returns are negative for Ratnamani Metals, Jindal Saw, Tulsyan NEC, Unison Metals, and Rathi Bars.

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.

Who are in the management team of Tulsyan NEC?

As of March 2023, 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. Their roles contribute to the company's governance and strategic direction.

As of March 2023, 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>These members play various roles within the company, contributing to its governance and strategic direction.

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.

How big is Tulsyan NEC?

As of 24th July, Tulsyan NEC Ltd has a market capitalization of 61.00 Cr and reported net sales of 868.32 Cr, with a net loss of 72.56 Cr over the latest four quarters. Shareholder's funds were 343.75 Cr and total assets were 790.65 Cr as of March 2024.

As of 24th July, Tulsyan NEC Ltd has a market capitalization of 61.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Tulsyan NEC reported net sales of 868.32 Cr. However, the company experienced a loss of 72.56 Cr in net profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, where shareholder's funds amounted to 343.75 Cr and total assets were reported at 790.65 Cr.

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.

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.

Are Tulsyan NEC Ltd latest results good or bad?

Tulsyan NEC Ltd's latest results are concerning, showing a net profit loss of -₹28.63 crore and a 31.89% revenue decline in Q3 FY26, indicating severe operational challenges. The company's performance suggests it is in distress, leading to a "STRONG SELL" rating and a bleak outlook for recovery.

Tulsyan NEC Ltd's latest results are quite concerning and indicate a significant downturn in performance. In Q3 FY26, the company reported a net profit of -₹28.63 crore, which reflects a staggering decline of 370.11% compared to the previous quarter. Revenue also fell sharply to ₹156.10 crore, marking a 31.89% decrease quarter-over-quarter and a 13.39% decline year-over-year.<BR><BR>The operating margin, excluding other income, plunged to -7.05%, highlighting severe operational challenges. This deterioration in financial metrics suggests that the company is facing critical issues, likely related to demand and market share in its core TMT bar segment.<BR><BR>Overall, the financial performance indicates that Tulsyan NEC is in a state of operational distress, with a "STRONG SELL" rating reflecting the market's lack of confidence in its recovery prospects. Given these results, the outlook appears bleak, and the company may struggle to regain stability without significant changes or interventions.

Should I buy, sell or hold Tulsyan NEC Ltd?

Why is Tulsyan NEC Ltd falling/rising?

As of 28-May, Tulsyan NEC Ltd's stock price is Rs 35.00, reflecting a 2.78% decrease and a total drop of 7.16% over the last two days. The company faces significant financial challenges, including declining sales, high debt levels, and low investor interest, contributing to its ongoing stock decline.

As of 28-May, Tulsyan NEC Ltd's stock price is falling, currently at Rs 35.00, which reflects a decrease of Rs 1.0 or 2.78%. The stock has been underperforming significantly, with a consecutive decline over the last two days resulting in a total drop of 7.16%. Over the past week, the stock has decreased by 4.11%, while it has also shown a substantial decline of 27.08% over the past year, contrasting sharply with the broader market performance.<BR><BR>The company's financial health is concerning, as indicated by its operating losses and weak long-term fundamentals. Net sales have declined by 29.1% in the most recent quarter compared to the previous four-quarter average, and the operating profit has plummeted by 349.01% over the last five years. Furthermore, the company's ability to service its debt is low, with a high Debt to EBITDA ratio of 117.04 times.<BR><BR>Investor participation has also waned, with a significant drop in delivery volume, falling by 86.59% against the five-day average. This lack of interest is compounded by the fact that 99.63% of promoter shares are pledged, which adds downward pressure on the stock in a declining market. Overall, these factors contribute to the stock's current downward trajectory.

Which are the latest news on Tulsyan NEC?