NCL Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 6.5x vs industry 43.3x)
- Trading below book value (P/B 0.8x)
- Low debt relative to equity (D/E 0.3x)
- Regular dividends — yield 2%
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ULTRACEMCO UltraTech Cement Limited | ₹11,408 | ₹3.4L Cr | 39 | 4.39 | 11.1 | 12.7 | 0.35 |
| GRASIM Grasim Industries Limited | ₹3,322 | ₹2.3L Cr | 39.4 | 2.19 | 4.98 | 8.01 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹405 | ₹1.0L Cr | 21.4 | 1.69 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹23,855 | ₹86K Cr | 52.8 | 3.7 | 7.51 | 10.3 | 0.1 |
| JKCEMENT JK Cement Limited | ₹5,198 −0.35% | ₹39K Cr | 40.2 | 5.71 | 15.6 | 15.1 | 1 |
| DALBHARAT Dalmia Bharat Limited | ₹1,868 | ₹33K Cr | 29.9 | 1.95 | 6.11 | 7.59 | 0.4 |
| ACC ACC Limited | ₹1,306 +0.38% | ₹24K Cr | 12.7 | 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 newsNCL 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 to hold shareholder meeting on Sep 18, 2026
*NCL Industries to hold shareholder meeting on Sep 18, 2026.* The meeting is scheduled for discussions on routine corporate matters. No **major** strategic announcements or financial updates were disclosed. Shareholders are invited to attend or nominate proxies. 📊 *STOCKS:* $NCLIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholdersMeeting
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