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NSLNISP - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.4

Last Updated Time : 02 Feb 26, 01:17 pm

Fundamental Rating: 2.4

Stock Code NSLNISP Market Cap 12,100 Cr. Current Price 41.2 ₹ High / Low 49.6 ₹
Book Value 44.4 ₹ Dividend Yield 0.00 % ROCE -13.0 % ROE -16.6 %
Face Value 10.0 ₹ DMA 50 42.2 ₹ DMA 200 42.1 ₹ Chg in FII Hold -0.32 %
Chg in DII Hold 0.33 % PAT Qtr -115 Cr. PAT Prev Qtr 25.6 Cr. RSI 46.9
MACD -0.14 Volume 28,78,628 Avg Vol 1Wk 46,03,466 Low price 28.4 ₹
High price 49.6 ₹ Debt to equity 0.41 52w Index 60.5 % Qtr Profit Var 80.7 %
EPS -4.51 ₹ Industry PE 20.7

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT fell sharply to -115 Cr. from 25.6 Cr., showing significant losses. EPS at -4.51 ₹ reflects negative earnings.
  • Margins: ROCE (-13.0%) and ROE (-16.6%) are negative, indicating poor efficiency and profitability.
  • Debt: Debt-to-equity ratio of 0.41 suggests moderate leverage, manageable but concerning given losses.
  • Cash Flow: Dividend yield of 0.00% shows no shareholder payout, reflecting weak cash generation.

💹 Valuation Indicators

  • P/E Ratio: Not applicable due to negative earnings.
  • P/B Ratio: Current Price (41.2 ₹) / Book Value (44.4 ₹) ≈ 0.93 → Trading below book value, indicating undervaluation but justified by weak fundamentals.
  • PEG Ratio: Not meaningful due to losses.
  • Intrinsic Value: Current price reflects market skepticism; upside depends on turnaround in profitability.

🏭 Business Model & Competitive Advantage

  • NSL NISP operates in steel and allied industries, a cyclical sector heavily dependent on demand and commodity prices.
  • Currently lacks competitive advantage due to sustained losses and weak return metrics.
  • Moderate debt levels provide some resilience, but profitability challenges remain critical.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Risk-tolerant investors may consider accumulation between 30 ₹ – 35 ₹, closer to support levels.
  • Long-Term Holding: High-risk investment; only suitable if turnaround strategies materialize. Conservative investors should avoid until profitability stabilizes.

✅ Positive

  • Stock trades below book value (P/B ≈ 0.93).
  • DII holding increased by 0.33%, showing some domestic institutional support.
  • Moderate debt-to-equity ratio (0.41) compared to industry peers.

⚠️ Limitation

  • Negative ROCE (-13.0%) and ROE (-16.6%) highlight poor efficiency.
  • EPS at -4.51 ₹ reflects losses.
  • No dividend yield, limiting shareholder returns.

📉 Company Negative News

  • Quarterly PAT dropped to -115 Cr. from 25.6 Cr.
  • FII holding decreased by 0.32%, showing reduced foreign investor confidence.

📈 Company Positive News

  • DII holding increased by 0.33%, reflecting some domestic institutional support.
  • Stock trading below book value may attract value investors if turnaround occurs.

🌐 Industry

  • Steel sector is cyclical, influenced by global demand, commodity prices, and infrastructure growth.
  • Industry PE at 20.7 highlights NSL NISP’s weak positioning due to negative earnings.

🔎 Conclusion

NSL NISP is currently in a weak financial position with negative profitability, poor return ratios, and no dividend yield. While trading below book value may attract speculative interest, the stock remains high-risk. Investors should only consider entry around 30–35 ₹ if willing to tolerate volatility, with long-term holding dependent on a successful turnaround in operations.

I can also map out technical support and resistance levels using RSI, MACD, and DMA data to complement this fundamental view if you'd like.

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