Tulsyan NEC

Why is Tulsyan NEC Ltd falling/rising?

As of 02-Sep, Tulsyan NEC Ltd's stock price is at 26.25, reflecting a 2.85% decrease and significant underperformance against the Sensex. The stock has declined 25.21% year-to-date and shows a consistent downward trend, trading below all major moving averages with a notable drop in investor participation.

As of 02-Sep, Tulsyan NEC Ltd's stock price is falling, currently at 26.25, which reflects a decrease of 0.77 or 2.85%. The stock has underperformed significantly compared to the benchmark Sensex, with a 1-week decline of 6.18% against the Sensex's 1.17% drop, and a 1-month decline of 23.78% compared to the Sensex's 1.95% decline. Year-to-date, the stock has decreased by 25.21%, while the Sensex has only fallen by 10.15%. Over the past year, Tulsyan NEC Ltd has seen a decline of 13.05%, again underperforming the Sensex, which has dropped only 4.48%.<BR><BR>Today's performance indicates that the stock has underperformed its sector by 2.83%. Additionally, there has been erratic trading, as the stock did not trade on one day out of the last 20 days. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent downward trend. Furthermore, there has been a significant drop in investor participation, with delivery volume on September 1 falling by 90.92% compared to the 5-day average. Despite being liquid enough for trade, these factors collectively contribute to the stock's decline.

Which are the latest news on Tulsyan NEC?

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, responsible for the company's operations and strategic direction.

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 is responsible for overseeing the operations and strategic direction of the company.

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, incorporated in 1947. As of June 2026, it reported net sales of 147 Cr and a net loss of 21 Cr, with a market cap of 46 Cr.

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 June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 147 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: -21 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 46 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 14 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 2.18 <BR>Return on Equity: -34.67% <BR>Price to Book: 0.25<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

Who are the peers of the Tulsyan NEC?

Tulsyan NEC's peers include Acrow India, Ecofinity Atomix, Rajas. Tube Mfg, Dhatre Udyog, Nova Iron & Steel, Metal Coatings, Abha Power, Swastik Pipe, and Newmalayalam St. Ecofinity Atomix shows excellent growth and the highest 1-year return at 21.70%, while Tulsyan NEC has a 1-year return of -12.30%.

Peers: The peers of Tulsyan NEC are Acrow India, Ecofinity Atomix, Rajas. Tube Mfg, Dhatre Udyog, Nova Iron &Steel, Metal Coatings, Abha Power, Swastik Pipe, and Newmalayalam St.<BR><BR>Quality Snapshot: Below Average management risk is observed at Acrow India, Dhatre Udyog, Swastik Pipe, and Newmalayalam St., while Average management risk is found at Rajas. Tube Mfg, Metal Coatings, and Abha Power. Excellent growth is noted at Ecofinity Atomix, while Below Average growth is seen at Acrow India, Rajas. Tube Mfg, Dhatre Udyog, Tulsyan NEC, Swastik Pipe, and the rest. Capital Structure ratings show Good at Metal Coatings and Newmalayalam St., Average at Ecofinity Atomix and Abha Power, and Below Average at Acrow India, Rajas. Tube Mfg, Dhatre Udyog, Tulsyan NEC, Swastik Pipe, and the rest.<BR><BR>Return Snapshot: Ecofinity Atomix has the highest 1-year return at 21.70%, while Rajas. Tube Mfg has the lowest at -75.04%. Tulsyan NEC's 1-year return of -12.30% is better than Rajas. Tube Mfg but worse than Ecofinity Atomix. Additionally, the six-month return is negative for Rajas. Tube Mfg, Nova Iron &Steel, Metal Coatings, and Abha Power.

How big is Tulsyan NEC?

As of 31st August, Tulsyan NEC Ltd has a market capitalization of 46.00 Cr and reported net sales of 696.96 Cr with a loss of 75.49 Cr over the latest four quarters. The balance sheet as of March 2025 shows shareholder's funds of 249.79 Cr and total assets of 761.70 Cr.

As of 31st August, Tulsyan NEC Ltd has a market capitalization of 46.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Tulsyan NEC reported net sales of 696.96 Cr. However, the company experienced a loss of 75.49 Cr during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, showing shareholder's funds of 249.79 Cr and total assets amounting to 761.70 Cr.

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.