NTC Industries Ltd
Incorporated in 1931, NTC industries Ltd manufactures Cigarettes and Smoking Mixtures[1]
- Market Cap ₹ 247 Cr.
- Current Price ₹ 170
- High / Low ₹ 242 / 150
- Stock P/E 18.1
- Book Value ₹ 128
- Dividend Yield 0.00 %
- ROCE 8.35 %
- ROE 6.24 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.00% over last 3 years.
- Earnings include an other income of Rs.12.8 Cr.
- Debtor days have increased from 68.7 to 82.6 days.
- Promoter holding has decreased over last 3 years: -11.6%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 22 | 9 | 13 | 14 | 11 | 14 | 22 | 23 | 40 | 33 | 46 | 78 | |
| 20 | 22 | 11 | 15 | 16 | 15 | 17 | 17 | 22 | 40 | 35 | 45 | 71 | |
| Operating Profit | 3 | 0 | -3 | -2 | -2 | -4 | -3 | 5 | 1 | 1 | -3 | 2 | 7 |
| OPM % | 13% | 2% | -34% | -17% | -12% | -37% | -20% | 23% | 5% | 2% | -8% | 4% | 9% |
| 1 | 2 | 3 | 4 | 3 | 9 | 7 | 4 | 5 | 3 | 8 | 10 | 13 | |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 1 | -1 | 1 | 0 | 4 | 4 | 9 | 5 | 2 | 5 | 10 | 18 |
| Tax % | 32% | -26% | -12% | 62% | -9% | 21% | 22% | 26% | 19% | 33% | 0% | 25% | |
| 1 | 1 | -0 | 0 | 0 | 4 | 3 | 6 | 4 | 2 | 5 | 8 | 14 | |
| EPS in Rs | 1.16 | 1.14 | -0.46 | 0.21 | 0.12 | 3.30 | 2.59 | 5.27 | 3.72 | 1.38 | 3.84 | 5.41 | 9.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 27% |
| 3 Years: | 26% |
| TTM: | 148% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 42% |
| 3 Years: | 21% |
| TTM: | 1470% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 29% |
| 3 Years: | 25% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 5% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 15 | 15 |
| Reserves | 20 | 21 | 21 | 24 | 25 | 28 | 29 | 40 | 47 | 49 | 62 | 164 | 171 |
| 8 | 7 | 5 | 4 | 5 | 4 | 5 | 4 | 6 | 7 | 2 | 3 | 3 | |
| 16 | 11 | 11 | 12 | 10 | 8 | 11 | 20 | 11 | 12 | 15 | 33 | 39 | |
| Total Liabilities | 54 | 50 | 47 | 51 | 50 | 50 | 55 | 76 | 75 | 80 | 91 | 215 | 228 |
| 22 | 7 | 7 | 7 | 6 | 5 | 5 | 5 | 7 | 8 | 8 | 8 | 8 | |
| CWIP | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 5 | 5 | 4 | 2 | 2 | 4 | 5 | 16 | 108 | 110 |
| 23 | 42 | 40 | 40 | 39 | 42 | 48 | 67 | 64 | 67 | 67 | 99 | 110 | |
| Total Assets | 54 | 50 | 47 | 51 | 50 | 50 | 55 | 76 | 75 | 80 | 91 | 215 | 228 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | -1 | -2 | -3 | -10 | -5 | -1 | -2 | 1 | -1 | -22 | ||
| -5 | 3 | 3 | 4 | 10 | 6 | 1 | -4 | 1 | 1 | -17 | ||
| -4 | -2 | -1 | 0 | -0 | -0 | 6 | 1 | -0 | -0 | 38 | ||
| Net Cash Flow | -0 | -1 | 0 | 1 | -1 | 0 | 6 | -5 | 1 | -0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 26 | 37 | 36 | 77 | 63 | 69 | 99 | 73 | 42 | 82 | 83 |
| Inventory Days | 167 | 129 | 509 | 184 | 121 | 131 | 222 | 374 | 144 | 93 | 125 | 104 |
| Days Payable | 100 | 70 | 210 | 156 | 85 | 36 | 173 | 310 | 29 | 18 | 66 | 87 |
| Cash Conversion Cycle | 150 | 85 | 336 | 64 | 113 | 157 | 118 | 163 | 188 | 117 | 141 | 99 |
| Working Capital Days | -61 | 346 | 957 | 625 | 675 | 1,039 | 850 | 605 | 755 | 423 | 552 | 564 |
| ROCE % | 7% | 2% | -0% | 3% | 6% | 0% | 5% | 18% | 9% | 4% | 5% | 8% |
Documents
Announcements
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Clarification And Observation Raised On Annual Report FY 2024-25
5h - Clarification on FY2024-25: investments up ₹9,183.95L, ₹2,000L preferential invested, loans ₹6,796.81L.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
5 Jan - Postal ballot (e-vote 06 Jan–04 Feb 2026) to alter MOA adding food business.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Jan - Newspaper Advertisment_ Information regarding postal ballot & e voting
-
Closure of Trading Window
17 Dec - Trading window closed from 1 Jan 2026 until 48 hours after Q3/9M FY2026 unaudited results announcement.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
Company is a part of RDB Industries. It does processing of tobacco blends and manufactures packed cigarettes, other tobacco products, etc. which it trades in domestic market and exports to Brussels, Rotterdam, Amsterdam, Paris and Luxemburg. Also, company has a license to manufacture FMCG products