NCL Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 6.4x vs industry 44.2x)
- ✓Trading below book value (P/B 0.9x)
- ✓Low debt relative to equity (D/E 0.3x)
- ✓Regular dividends — yield 1.6%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ULTRACEMCO UltraTech Cement Limited | ₹11,870 | ₹3.5L Cr | 41.8 | 4.57 | 11.2 | 12.8 | 0.35 |
| GRASIM Grasim Industries Limited | ₹3,171 | ₹2.1L Cr | 41.7 | 2.09 | 5.05 | 8.07 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹430 | ₹1.1L Cr | 21.8 | 1.79 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹26,690 | ₹96K Cr | 56.9 | 4.14 | 7.51 | 10.3 | 0.1 |
| JKCEMENT JK Cement Limited | ₹5,658 +3.76% | ₹42K Cr | 42.7 | 6.21 | 15.6 | 15.1 | 1 |
| DALBHARAT Dalmia Bharat Limited | ₹1,865 | ₹34K Cr | 31.6 | 1.94 | 6.11 | 7.59 | 0.4 |
| ACC ACC Limited | ₹1,388 +0.46% | ₹26K Cr | 12.2 | 1.25 | 10.9 | 11.2 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NCLIND · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 44.48% | 43.71% | 42.31% | 42.08% | 42.11% | 42.27% |
| FII | 4.88% | 5.17% | 5.41% | 5.33% | 5.14% | 5.24% |
| DII | 0.03% | 0.03% | 0.39% | 0.03% | 0.03% | 0.04% |
| Public | 50.59% | 51.07% | 51.88% | 52.53% | 52.69% | 52.43% |
| Govt | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Interim Dividend - Rs 1.50 Per Share
Record: 20 Feb 2026
Dividend - Rs 2 Per Share
Interim Dividend - Re 1 Per Share
Annual General Meeting/Dividend - Rs 2.50 Per Share
Interim Dividend - Rs 1.50 Per Share
Annual General Meeting/Dividend - Rs 1.50 Per Share
Latest News
All news →NCL Industries receives new credit rating
*NCL Industries receives new credit rating.* The company has been assigned a fresh credit rating as per a regulatory filing with the NSE. **No financial figures or rating specifics** were disclosed in the headline. This is a routine corporate update affecting debt perception. 📊 *STOCKS:* NCLIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
NCL Industries re-lodging physical share transfer requests
*NCL Industries re-lodging physical share transfer requests.* The company has announced the re-lodgement of transfer requests for physical shares, effective June 2026. This is a procedural update for shareholders holding physical equity. No financial impact is expected. 📊 *STOCKS:* NCLIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareTransfer
NCL Industries shares to be transferred to IEPF
*NCL Industries shares to be transferred to IEPF.* The company has issued a notice to equity shareholders regarding the transfer of unclaimed or inactive equity shares to the Investor Education and Protection Fund (IEPF) account. Shareholders must act before the deadline to avoid forfeiture. **No financial impact** expected for active traders. 📊 *STOCKS:* NCLIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #IEPF
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹343 Cr ▼0.6% | ₹345 Cr ▲2.1% | ₹338 Cr ▼11.7% | ₹383 Cr ▲12.3% | ₹341 Cr ▲3.3% | ₹330 Cr ▼7.0% | ₹355 Cr ▼15.3% | ₹419 Cr |
| Op. Profit | ₹36 Cr ▼26.5% | ₹49 Cr ▼3.9% | ₹51 Cr ▲155.0% | ₹20 Cr ▲5.3% | ₹19 Cr ▼44.1% | ₹34 Cr ▼5.6% | ₹36 Cr ▼25.0% | ₹48 Cr |
| OPM | 11.0% ▼21.4% | 14.0% ▼6.7% | 15.0% ▲200.0% | 5.0% ▼16.7% | 6.0% ▼40.0% | 10.0% ▲0.0% | 10.0% ▼9.1% | 11.0% |
| Net Profit | ₹13 Cr ▼35.0% | ₹20 Cr ▲0.0% | ₹20 Cr ▲185.7% | ₹7 Cr ▲133.3% | ₹3 Cr ▲0.0% | ₹3 Cr ▼76.9% | ₹13 Cr ▼45.8% | ₹24 Cr |
| EPS (₹) | 2.93 ▼33.4% | 4.4 ▼1.8% | 4.48 ▲192.8% | 1.53 ▲131.8% | 0.66 ▲20.0% | 0.55 ▼80.5% | 2.82 ▼46.8% | 5.3 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹1.8K Cr ▼14.5% | ₹2.1K Cr ▲2.9% | ₹2.0K Cr ▼0.1% | ₹2.0K Cr ▲47.8% | ₹1.4K Cr ▲47.5% | ₹938 Cr ▼4.3% | ₹980 Cr |
| Expenses | ₹1.7K Cr ▼11.0% | ₹1.9K Cr ▲0.0% | ₹1.9K Cr ▲3.1% | ₹1.8K Cr ▲67.0% | ₹1.1K Cr ▲38.1% | ₹797 Cr ▼5.5% | ₹843 Cr |
| Op. Profit | ₹112 Cr ▼46.2% | ₹208 Cr ▲39.6% | ₹149 Cr ▼28.0% | ₹207 Cr ▼26.9% | ₹283 Cr ▲102.1% | ₹140 Cr ▲2.2% | ₹137 Cr |
| OPM | 6.0% ▼40.0% | 10.0% ▲42.9% | 7.0% ▼30.0% | 10.0% ▼50.0% | 20.0% ▲33.3% | 15.0% ▲7.1% | 14.0% |
| Other Income | ₹11 Cr ▼42.1% | ₹19 Cr ▲0.0% | ₹19 Cr ▲72.7% | ₹11 Cr ▲37.5% | ₹8 Cr ▲166.7% | ₹3 Cr ▼50.0% | ₹6 Cr |
| Interest | ₹23 Cr ▼4.2% | ₹24 Cr ▼11.1% | ₹27 Cr ▲8.0% | ₹25 Cr ▲13.6% | ₹22 Cr ▼31.3% | ₹32 Cr ▼13.5% | ₹37 Cr |
| Depreciation | ₹57 Cr ▲1.8% | ₹56 Cr ▲14.3% | ₹49 Cr ▲4.3% | ₹47 Cr ▲6.8% | ₹44 Cr ▲4.8% | ₹42 Cr ▼6.7% | ₹45 Cr |
| PBT | ₹43 Cr ▼70.7% | ₹147 Cr ▲61.5% | ₹91 Cr ▼37.7% | ₹146 Cr ▼35.1% | ₹225 Cr ▲226.1% | ₹69 Cr ▲13.1% | ₹61 Cr |
| Tax % | 41.0% ▲13.9% | 36.0% ▼29.4% | 51.0% ▲45.7% | 35.0% ▲0.0% | 35.0% ▲29.6% | 27.0% ▲17.4% | 23.0% |
| Net Profit | ₹25 Cr ▼73.1% | ₹93 Cr ▲111.4% | ₹44 Cr ▼53.2% | ₹94 Cr ▼35.2% | ₹145 Cr ▲184.3% | ₹51 Cr ▲8.5% | ₹47 Cr |
| EPS (₹) | 5.57 ▼73.0% | 20.61 ▲110.5% | 9.79 ▼53.1% | 20.86 ▼35.1% | 32.16 ▲186.1% | 11.24 ▲8.5% | 10.36 |
| Div Payout | 0.0% ▼100.0% | 19.0% ▼38.7% | 31.0% ▲121.4% | 14.0% ▲16.7% | 12.0% ▼45.5% | 22.0% ▼8.3% | 24.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||
| Equity Capital | ₹45 Cr ▲0.0% | ₹45 Cr ▲0.0% | ₹45 Cr ▲0.0% | ₹45 Cr ▲0.0% | ₹45 Cr ▲0.0% | ₹45 Cr ▲0.0% | ₹45 Cr ▲0.0% | ₹45 Cr |
| Reserves | ₹844 Cr ▲3.8% | ₹813 Cr ▲1.1% | ₹804 Cr ▲10.9% | ₹725 Cr ▲4.2% | ₹696 Cr ▲12.4% | ₹619 Cr ▲28.2% | ₹483 Cr ▲6.4% | ₹454 Cr |
| Borrowings | ₹259 Cr ▲2.8% | ₹252 Cr ▲15.6% | ₹218 Cr ▼25.3% | ₹292 Cr ▼12.8% | ₹335 Cr ▲4.7% | ₹320 Cr ▼7.8% | ₹347 Cr ▲3.3% | ₹336 Cr |
| Other Liabilities | ₹485 Cr ▼7.4% | ₹524 Cr ▲11.0% | ₹472 Cr ▲6.3% | ₹444 Cr ▲12.7% | ₹394 Cr ▲25.5% | ₹314 Cr ▲12.9% | ₹278 Cr ▲6.9% | ₹260 Cr |
| Total Liabilities | ₹1.6K Cr ▼0.1% | ₹1.6K Cr ▲6.2% | ₹1.5K Cr ▲2.2% | ₹1.5K Cr ▲2.4% | ₹1.5K Cr ▲13.2% | ₹1.3K Cr ▲12.7% | ₹1.2K Cr ▲5.3% | ₹1.1K Cr |
| Assets | ||||||||
| Fixed Assets | ₹952 Cr ▼0.1% | ₹953 Cr ▼4.7% | ₹1.0K Cr ▼0.6% | ₹1.0K Cr ▲25.4% | ₹802 Cr ▼2.2% | ₹820 Cr ▲18.0% | ₹695 Cr ▲5.6% | ₹658 Cr |
| CWIP | ₹220 Cr ▲48.6% | ₹148 Cr ▲279.5% | ₹39 Cr ▲39.3% | ₹28 Cr ▼83.6% | ₹171 Cr ▲180.3% | ₹61 Cr ▼32.2% | ₹90 Cr ▲0.0% | ₹90 Cr |
| Investments | ₹0 Cr ▼100.0% | ₹4 Cr ▲0.0% | ₹4 Cr ▼20.0% | ₹5 Cr ▼75.0% | ₹20 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹462 Cr ▼12.8% | ₹530 Cr ▲6.9% | ₹496 Cr ▲6.2% | ₹467 Cr ▼2.1% | ₹477 Cr ▲13.8% | ₹419 Cr ▲13.9% | ₹368 Cr ▲6.4% | ₹346 Cr |
| Total Assets | ₹1.6K Cr ▼0.1% | ₹1.6K Cr ▲6.2% | ₹1.5K Cr ▲2.2% | ₹1.5K Cr ▲2.4% | ₹1.5K Cr ▲13.2% | ₹1.3K Cr ▲12.7% | ₹1.2K Cr ▲5.3% | ₹1.1K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Operating CF | ₹86 Cr ▼53.0% | ₹183 Cr ▼11.2% | ₹206 Cr ▲174.7% | ₹75 Cr ▼68.5% | ₹238 Cr ▲124.5% | ₹106 Cr ▲49.3% | ₹71 Cr |
| Investing CF | ₹-111 Cr ▼88.1% | ₹-59 Cr ▲37.2% | ₹-94 Cr ▲32.4% | ₹-139 Cr ▼2.2% | ₹-136 Cr ▼74.4% | ₹-78 Cr ▼13.0% | ₹-69 Cr |
| Financing CF | ₹-5 Cr ▲95.5% | ₹-110 Cr ▼32.5% | ₹-83 Cr ▼1285.7% | ₹7 Cr ▲113.5% | ₹-52 Cr ▼67.7% | ₹-31 Cr ▼875.0% | ₹4 Cr |
| Net Cash Flow | ₹-30 Cr ▼330.8% | ₹13 Cr ▼55.2% | ₹29 Cr ▲150.0% | ₹-58 Cr ▼216.0% | ₹50 Cr ▲1350.0% | ₹-4 Cr ▼166.7% | ₹6 Cr |
| Free Cash Flow | ₹-28 Cr ▼122.8% | ₹123 Cr ▲11.8% | ₹110 Cr ▲269.2% | ₹-65 Cr ▼163.7% | ₹102 Cr ▲277.8% | ₹27 Cr ▲1250.0% | ₹2 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 28d ▲12.0% | 25d ▲0.0% | 25d ▼16.7% | 30d ▲11.1% | 27d ▼51.8% | 56d ▲0.0% | 56d |
| Inventory Days | 290d ▲33.6% | 217d ▼9.6% | 240d ▲29.0% | 186d ▲7.5% | 173d ▼47.1% | 327d ▲52.8% | 214d |
| Days Payable | 177d ▲60.9% | 110d ▼23.6% | 144d ▲39.8% | 103d ▼14.9% | 121d ▼38.6% | 197d ▲7.1% | 184d |
| Cash Conv. Cycle | 141d ▲6.8% | 132d ▲9.1% | 121d ▲6.1% | 114d ▲42.5% | 80d ▼57.0% | 186d ▲113.8% | 87d |
| Working Capital Days | 7d ▼36.4% | 11d ▲10.0% | 10d ▼41.2% | 17d ▲270.0% | -10d ▲37.5% | -16d ▼300.0% | -4d |
| ROCE | 7.0% ▼56.3% | 16.0% ▲45.5% | 11.0% ▼31.3% | 16.0% ▼38.5% | 26.0% ▲116.7% | 12.0% | — |
Source: Screener.in · Lower days = better efficiency