NCL Research and Financial Services Ltd
₹ 0.46
0.00%
10 Feb
- close price
About
Incorporated in 1985, NCL Research and Financial Services Ltd is engaged in the business of finance and investments in capital market.
Key Points
- Market Cap ₹ 49.2 Cr.
- Current Price ₹ 0.46
- High / Low ₹ 0.79 / 0.40
- Stock P/E 15.4
- Book Value ₹ 1.08
- Dividend Yield 0.00 %
- ROCE -0.57 %
- ROE -1.22 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.43 times its book value
Cons
- Company has a low return on equity of 0.28% over last 3 years.
- Company has high debtors of 153 days.
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32.78 | 3.22 | 4.67 | 7.35 | 2.81 | 3.40 | 2.43 | 1.85 | 1.96 | 3.96 | 10.83 | 8.53 | 7.90 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.02 | 0.02 | 0.00 |
| 31.32 | 2.35 | 4.50 | 7.41 | 2.69 | 3.24 | 2.42 | 1.84 | 0.86 | 3.00 | 9.50 | 9.96 | 3.50 | |
| Financing Profit | 1.46 | 0.87 | 0.17 | -0.06 | 0.12 | 0.16 | 0.01 | 0.01 | 1.10 | 0.84 | 1.31 | -1.45 | 4.40 |
| Financing Margin % | 4.45% | 27.02% | 3.64% | -0.82% | 4.27% | 4.71% | 0.41% | 0.54% | 56.12% | 21.21% | 12.10% | -17.00% | 55.70% |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.73 | 0.85 | -0.09 | |
| Depreciation | 0.09 | 0.07 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 |
| Profit before tax | 1.37 | 0.80 | 0.13 | -0.06 | 0.12 | 0.16 | 0.02 | 0.02 | 1.06 | 0.80 | 1.99 | -0.66 | 4.26 |
| Tax % | 32.12% | 31.25% | 30.77% | -16.67% | 41.67% | 31.25% | 50.00% | 0.00% | 0.94% | 25.00% | 18.59% | 106.06% | |
| 0.93 | 0.55 | 0.08 | -0.05 | 0.07 | 0.11 | 0.02 | 0.01 | 1.04 | 0.60 | 1.61 | -1.36 | 3.19 | |
| EPS in Rs | 0.01 | 0.01 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | -0.01 | 0.03 |
| Dividend Payout % | 31.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 29% |
| 3 Years: | 63% |
| TTM: | -42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 407% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | -3% |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
| 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 | 5.82 | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 58.17 | 107.03 | 107.03 | 107.03 | 107.03 |
| Reserves | 55.21 | 32.47 | 32.65 | 32.59 | 32.65 | 32.77 | 32.79 | 32.81 | 4.82 | 17.08 | 3.70 | 5.92 | 8.73 |
| Borrowing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 7.41 | 0.55 | 0.15 | 0.21 | 0.15 | 0.67 | 0.14 | 0.27 | 0.31 | 4.94 | 2.50 | 9.54 | 11.61 | |
| Total Liabilities | 68.44 | 62.11 | 61.89 | 61.89 | 61.89 | 62.53 | 62.02 | 62.17 | 64.30 | 129.05 | 113.23 | 122.49 | 127.37 |
| 0.14 | 0.07 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.21 | 0.17 | 0.17 | 0.12 | 0.11 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 6.25 | 6.75 | 7.83 | 9.90 | 11.97 | 15.38 | 40.07 | 19.72 | 2.86 | 3.26 |
| 68.30 | 62.04 | 61.86 | 55.61 | 55.12 | 54.68 | 52.10 | 50.18 | 48.71 | 88.81 | 93.34 | 119.51 | 124.00 | |
| Total Assets | 68.44 | 62.11 | 61.89 | 61.89 | 61.89 | 62.53 | 62.02 | 62.17 | 64.30 | 129.05 | 113.23 | 122.49 | 127.37 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -25.51 | 1.52 | 3.16 | -3.77 | -0.11 | -0.32 | 2.16 | 2.03 | 3.91 | -24.46 | -20.21 | -17.47 | |
| 25.84 | -0.73 | -2.68 | 3.06 | 0.00 | 0.00 | -2.06 | -2.08 | -3.41 | -24.54 | 20.38 | 16.90 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.24 | 48.86 | -0.06 | 0.01 | |
| Net Cash Flow | 0.33 | 0.79 | 0.48 | -0.71 | -0.11 | -0.32 | 0.09 | -0.05 | 0.26 | -0.14 | 0.11 | -0.57 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 1.53% | 0.90% | 0.13% | -0.08% | 0.11% | 0.18% | 0.03% | 0.02% | 1.67% | 0.64% | 1.42% | -1.22% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper cutting of publication of Unaudited Financial Results for QE Dec 31, 2025
-
Results - Unaudited Financial Results For QE Dec 31, 2025
5 Feb - Unaudited Q3 FY26 results; auditor flagged Rs22,35,42,398 loans lacking interest recognition.
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Board Meeting Intimation for Approval Of Unaudited Financial Results For QE Dec 31, 2025
12 Jan - Board meeting on Feb 5, 2026 to approve Q3 FY26 unaudited results for quarter ended Dec 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - RTA certificate for NCL Research under Reg 74(5) for QE 31-Dec-2025; no dematerialisations.
-
Compliance-57 (5) : intimation after the end of quarter
5 Jan - NIL report under Reg 57(5): company has no NCDs, interest/principal not applicable for quarter ended Dec 31, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1]
Company is registered with Reserve Bank of India as a Non Deposit Non Banking Financial Corp. Company trades/invests in both Equity and FnO segment and also trades in Commodities market apart from Financial activities.