Tulsyan NEC Ltd

Tulsyan NEC Ltd (TULSYAN) is a micro-cap Capital Goods company valued at ₹51 crore operating in Iron & Steel Products on the NSE and BSE.

Recent price move

Tulsyan NEC Ltd last traded at ₹31, down 2.42% on the day.

Recent developments

On 2026-06-30, the company reported a net loss of ₹64 crore for the fiscal year, which is a narrowing loss compared to the prior year's ₹73 crore. Promoter shares pledged reached 99.63% of their holding, raising concerns about liquidity and control.

Financial performance

The company's business is shrinking, with annual revenue falling 7.0% to ₹808 crore. The latest quarter saw revenue drop 42.9% year-on-year to ₹147 crore, while net loss widened to ₹21 crore from ₹10 crore. The net profit margin improved slightly to -8.0% from -8.4%, but the return on equity remains at -34.7%, indicating continued pressure on profitability.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 0.25 times book value.

Things to watch

The company is highly leveraged with a debt to equity ratio of 2.19, increasing financial risk. The stock is 32.6% below its 52-week high, and the latest quarter's net loss widened significantly. The company has swung from a net profit of ₹246 crore to a loss of ₹64 crore over the past three years.

Where it stands

The company is facing declining revenue and worsening profitability, with the latest quarter showing a sharp drop in revenue and a wider net loss. The most significant movement is the 32.6% drop from its 52-week high, highlighting the current underperformance relative to its historical peak.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.