Nelco (BOM:504112) Dividend Payout Ratio: 1.48 (As of Jun. 2026) — 573% Above Median

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Valuation Modestly Overvalued

7 Warning Signs

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What is Nelco Dividend Payout Ratio?

Nelco BOM:504112 +0.40% 66 Dividend Payout Ratio is 1.48 as of Jun. 2026, which is 573% above its 10-year median of 0.22. GuruFocus rates BOM:504112 with a GF Score™ of 66/100 and a GF Value™ of ₹812.64 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,214 Hardware companies, Nelco ranks better than 58.15% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nelco's Dividend Payout Ratio for the months ended in Jun. 2026 was 1.48.

The historical rank and industry rank for Nelco's Dividend Payout Ratio or its related term are showing as below:

BOM:504112' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.22 Max: 0.55
Current: 0.4

During the past 13 years, the highest Dividend Payout Ratio of Nelco was 0.55. The lowest was 0.17. And the median was 0.22.

BOM:504112's Dividend Payout Ratio is ranked better than
58.15% of 1214 companies
in the Hardware industry
Industry Median: 0.47 vs BOM:504112: 0.40

As of today (2026-07-23), the Dividend Yield % of Nelco is 0.11%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nelco was 1.15%. The lowest was 0.10%. And the median was 0.26%.

Nelco's Dividends per Share for the months ended in Jun. 2026 was ₹1.00.

During the past 3 years, the average Dividends Per Share Growth Rate was -17.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nelco was 22.40% per year. The lowest was -17.80% per year. And the median was 6.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Nelco (BOM:504112) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nelco Dividend Payout Ratio Related Terms

Nelco Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nelco's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nelco Dividend Payout Ratio Chart

Nelco Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.17

0.20

0.19

0.55

0.45

Nelco Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26	Jun26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.27	0.00	0.00	0.00	1.48

BOM:504112 vs CSCO, CIEN, MSI: Dividend Payout Ratio Comparison

For the Communication Equipment subindustry, Nelco's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nelco Dividend Payout Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Nelco's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nelco's Dividend Payout Ratio falls into.

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66GF Score

Nelco Ltd BOM:504112

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Nelco Dividend Payout Ratio Calculation

Nelco's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2026 )	/	EPS without NRI (A: Mar. 2026 )
	=	1	/	2.217
	=	0.45

Nelco's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2026 )	/	EPS without NRI (Q: Jun. 2026 )
	=	1	/	0.675
	=	1.48

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.48 mean?

Nelco (BOM:504112) has a Dividend Payout Ratio of 1.48 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nelco and its competitors. This is 573% above median its historical median of 0.22. Over the past decade, Nelco's Dividend Payout Ratio has ranged from 0.17 to 0.55. According to the industry distribution chart, Nelco ranks #508 out of 1214 companies in the Hardware industry, placing it in the top 41.8%.

Is Nelco's Dividend Payout Ratio too high?

Nelco's current Dividend Payout Ratio of 1.48 is 573% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.55. The Hardware industry median Dividend Payout Ratio is 0.47. Nelco's value of 1.48 is 214.9% above this industry median. Based on the distribution chart, Nelco ranks #508 out of 1214 companies in the Hardware industry, which is above the industry midpoint. Overall, Nelco has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Nelco's Dividend Payout Ratio compare to CSCO and CIEN?

According to the Hardware industry distribution chart, Nelco ranks #508 out of 1214 companies for Dividend Payout Ratio. This puts Nelco in the upper half of its industry. The industry median Dividend Payout Ratio is 0.47. Nelco's value of 1.48 is 214.9% above this benchmark. Historically, Nelco's own Dividend Payout Ratio has ranged from 0.17 to 0.55 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.47, Nelco has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Hardware company?

The median Dividend Payout Ratio among Hardware companies is 0.47, based on 1,214 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nelco's current Dividend Payout Ratio of 1.48 is 214.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nelco and its competitors. For the Hardware industry, the median Dividend Payout Ratio is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nelco's current Dividend Payout Ratio is 1.48, which is 573% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nelco stock overvalued right now?

Based on GuruFocus' analysis, Nelco (BOM:504112) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹812.64, compared to a current price of ₹934.35 — trading 15% above its estimated fair value. The current Dividend Payout Ratio is 1.48, which is 573% above median its 10-year median of 0.22 and 214.9% above the Hardware industry median of 0.47. Nelco's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Nelco (BOM:504112), the current Dividend Payout Ratio is 1.48 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nelco (BOM:504112) Overvalued in 2026?

Based on GuruFocus' analysis, Nelco stock appears to be overvalued. The current stock price of ₹934.35 is trading 15% above its estimated GF Value™ of ₹812.64. GuruFocus considers Nelco to be Modestly Overvalued.

Key valuation signals for BOM:504112:

Dividend Payout Ratio: 1.48 (573% above median its 10-year median of 0.22)
GF Value™: ₹812.64 vs. price of ₹934.35 (15% above fair value)
GF Score™: 66/100 with 7 warning signs
Industry Position: 214.9% above the Hardware median (#508 of 1214)

No single metric tells the full story. See the BOM:504112 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nelco Business Description

Industry Technology Hardware

Comparable Companies BOM:533146 BOM:532775 BOM:530555 BOM:526775 BOM:523411 NSE:PANACHE BOM:500060 BOM:590041 BOM:517258 NSE:FROG CSCO SZSE:300308 SHSE:601138 SZSE:300502 OHEL:NOKIA CIEN MSI LITE HPE SZSE:300394

Other Exchanges NELCO:India

Address EL-6, TTC Industrial Area, MIDC Electronics Zone, Mahape, Navi Mumbai, MH, IND, 400 710

Website https://www.nelco.in

Nelco Ltd is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by Department of Telecommunications, Government of India. The company operates in a single reportable segment, namely Network Systems, comprising Satellite Communication (Satcom) Services, which include equipment sales, maintenance, and other allied services. The group earns revenue from providing Satellite communication connectivity systems and solutions through sale of goods, providing installation and annual maintenance services, renting of goods, Integrated Security & Surveillance services.

66GF Score

Get the complete analysis for BOM:504112

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹934.35

Price

₹812.64

GF Value

View BOM:504112 Analysis

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