NCL Research and Financial Services Ltd

NCL Research and Financial Services Ltd

₹ 0.92 4.55%
23 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

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.

  • Market Cap 98.5 Cr.
  • Current Price 0.92
  • High / Low 0.92 / 0.35
  • Stock P/E 55.3
  • Book Value 1.04
  • Dividend Yield 0.00 %
  • ROCE 0.98 %
  • ROE 0.64 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.88 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.76% over last 3 years.
  • Company has high debtors of 210 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.60 0.23 0.36 0.32 0.51 0.69 0.48 1.03 1.42 1.02 1.08 1.19 1.21
0.22 0.86 0.26 0.13 0.29 0.08 1.13 0.78 0.45 0.68 0.38 0.64 0.32
Operating Profit 0.38 -0.63 0.10 0.19 0.22 0.61 -0.65 0.25 0.97 0.34 0.70 0.55 0.89
OPM % 63.33% -273.91% 27.78% 59.38% 43.14% 88.41% -135.42% 24.27% 68.31% 33.33% 64.81% 46.22% 73.55%
0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.00 0.00 0.05 -0.04 -0.76 0.53
Interest 0.14 0.00 0.00 0.10 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.02 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax 0.24 -0.63 0.10 0.16 0.21 0.59 -0.77 0.24 0.96 0.38 0.65 -0.22 1.41
Tax % 25.00% 25.40% 30.00% 25.00% 23.81% -16.95% 0.00% 0.00% 25.00% -10.53% 26.15% 27.27% 24.82%
0.18 -0.46 0.08 0.12 0.15 0.70 -0.77 0.24 0.72 0.42 0.48 -0.17 1.05
EPS in Rs 0.00 -0.00 0.00 0.00 0.00 0.01 -0.01 0.00 0.01 0.00 0.00 -0.00 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
10.39 11.96 32.78 3.22 4.67 7.35 2.81 3.40 2.43 1.85 1.96 3.96 4.50
10.16 11.27 31.32 2.35 4.50 7.41 2.69 3.24 2.42 1.84 0.86 3.00 2.02
Operating Profit 0.23 0.69 1.46 0.87 0.17 -0.06 0.12 0.16 0.01 0.01 1.10 0.96 2.48
OPM % 2.21% 5.77% 4.45% 27.02% 3.64% -0.82% 4.27% 4.71% 0.41% 0.54% 56.12% 24.24% 55.11%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 -0.22
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.00
Depreciation 0.01 0.01 0.09 0.07 0.04 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.04
Profit before tax 0.22 0.68 1.37 0.80 0.13 -0.06 0.12 0.16 0.02 0.02 1.06 0.80 2.22
Tax % 31.82% 30.88% 32.12% 31.25% 30.77% 16.67% 41.67% 31.25% 50.00% 0.00% 0.94% 25.00%
0.15 0.47 0.93 0.55 0.08 -0.05 0.07 0.11 0.02 0.01 1.04 0.60 1.78
EPS in Rs 0.00 0.00 0.01 0.01 0.00 -0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
Dividend Payout % 0.00% 0.00% 31.29% 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: 7%
3 Years: 18%
TTM: 24%
Compounded Profit Growth
10 Years: 2%
5 Years: 54%
3 Years: 211%
TTM: 100%
Stock Price CAGR
10 Years: -14%
5 Years: 53%
3 Years: 97%
1 Year: 100%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.60 5.82 5.82 29.09 29.09 29.09 29.09 29.09 29.09 29.09 58.17 107.03 107.03
Reserves 22.07 54.74 55.21 32.47 32.65 32.59 32.65 32.77 32.79 32.81 4.82 17.08 4.81
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.00 0.00
4.90 0.11 7.41 0.55 0.15 0.21 0.15 0.67 0.14 0.27 0.31 4.94 1.73
Total Liabilities 31.57 60.67 68.44 62.11 61.89 61.89 61.89 62.53 62.02 62.17 64.30 129.05 113.57
0.02 0.23 0.14 0.07 0.03 0.03 0.02 0.02 0.02 0.02 0.21 0.17 0.16
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 0.00 0.00 6.25 6.75 7.83 9.90 11.97 15.38 40.07 22.28
31.55 60.44 68.30 62.04 61.86 55.61 55.12 54.68 52.10 50.18 48.71 88.81 91.13
Total Assets 31.57 60.67 68.44 62.11 61.89 61.89 61.89 62.53 62.02 62.17 64.30 129.05 113.57

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-10.55 -15.33 -25.51 1.52 3.16 -3.77 -0.11 -0.32 2.16 2.03 3.91 -24.46
-10.52 -18.20 25.84 -0.73 -2.68 3.06 0.00 0.00 -2.06 -2.08 -3.41 -24.54
21.00 33.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.24 48.86
Net Cash Flow -0.07 -0.06 0.33 0.79 0.48 -0.71 -0.11 -0.32 0.09 -0.05 0.26 -0.14

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 1.53 21.49 255.05 153.97 87.40 228.61 187.87 262.86 347.24 338.93 210.15
Inventory Days 435.70 982.74 1.92 307.55 371.20 30.46 655.76 311.32 333.99 1,095.00 178.50
Days Payable 0.37 0.00 82.27 128.43 3.10 5.08 3.09 0.00 0.00 0.00 37.30
Cash Conversion Cycle 435.33 984.27 -58.86 434.17 522.07 112.79 881.28 499.19 596.85 1,442.24 338.93 351.36
Working Capital Days 931.29 1,839.34 673.66 6,829.58 4,689.51 2,701.50 7,027.22 573.26 731.50 1,888.14 4,750.59 2,908.02
ROCE % 1.37% 1.56% 2.25% 1.31% 0.21% -0.10% 0.19% 0.26% 0.03% 0.03% 1.68% 0.98%

Shareholding Pattern

Numbers in percentages

87 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
2.79% 2.79% 2.79% 2.79% 2.79% 1.52% 1.52% 0.00% 0.00% 0.00% 0.00% 0.00%
97.21% 97.21% 97.21% 97.21% 97.21% 98.48% 98.49% 99.99% 100.00% 100.00% 100.00% 100.00%
No. of Shareholders 1,9212,48910,0421,22,2721,81,2601,87,8252,00,6262,09,1162,09,8392,08,4622,48,6402,70,748

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