NCL Industries Ltd

NCL Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NCL Industries Ltd

₹ 206 4.32%
14 Nov - close price
nclind.com BSE: 502168 NSE: NCLIND
About

Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects[1]

Key Points

Business Overview:[1][2]
NCLIL is a part of the NCL group. Its core operations include the manufacturing of cement, cement particle boards, and Ready-Mix Concrete. The company has 2000 + Dealers / Distributors

Website BSE NSE
  • Market Cap ₹ 933 Cr.
  • Current Price ₹ 206
  • High / Low ₹ 239 / 179
  • Stock P/E 16.5
  • Book Value ₹ 198
  • Dividend Yield 1.45 %
  • ROCE 6.71 %
  • ROE 3.41 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.04 times its book value
  • Company has been maintaining a healthy dividend payout of 28.1%

Cons

  • Company has a low return on equity of 6.86% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.22%

* 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

Commodities Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE SmallCap BSE Allcap BSE Commodities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
365 419 435 441 391 433 419 355 330 341 383 338 345
341 366 396 378 352 376 370 319 297 322 362 288 296
Operating Profit 24 53 39 63 39 57 49 36 34 20 21 51 49
OPM % 6% 13% 9% 14% 10% 13% 12% 10% 10% 6% 5% 15% 14%
6 3 8 5 4 3 6 4 -7 5 8 4 -2
Interest 7 7 6 5 7 6 5 6 5 5 5 6 5
Depreciation 12 13 13 13 13 13 16 13 15 14 15 13 13
Profit before tax 10 36 27 49 23 42 34 21 7 6 9 36 29
Tax % 74% 45% 60% 37% 39% 40% 28% 40% 62% 41% 28% 44% 32%
3 20 11 31 14 25 24 13 3 3 6 20 20
EPS in Rs 0.61 4.41 2.39 6.87 3.06 5.55 5.35 2.86 0.59 0.74 1.42 4.47 4.36
Raw PDF

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
551 534 750 868 880 980 938 1,749 2,046 2,044 2,104 1,799 1,408
521 463 628 753 746 843 797 1,465 1,838 1,895 1,895 1,686 1,267
Operating Profit 29 70 122 115 134 137 140 284 208 149 209 113 141
OPM % 5% 13% 16% 13% 15% 14% 15% 16% 10% 7% 10% 6% 10%
5 5 2 4 7 6 3 7 11 19 18 10 16
Interest 41 37 31 32 32 37 32 22 25 27 24 24 21
Depreciation 31 26 25 25 35 45 42 41 45 48 56 56 55
Profit before tax -38 12 67 62 74 61 69 228 150 93 148 43 80
Tax % 8% 28% 21% 11% 34% 23% 27% 35% 34% 51% 36% 41%
-41 9 53 55 49 47 51 149 98 46 94 25 50
EPS in Rs -11.68 2.55 14.45 14.88 10.86 10.36 11.24 32.87 21.70 10.17 20.83 5.61 10.99
Dividend Payout % -9% 0% 14% 17% 23% 24% 1% 12% 14% 30% 19% 36%
Compounded Sales Growth
10 Years: 13%
5 Years: 14%
3 Years: -4%
TTM: -8%
Compounded Profit Growth
10 Years: 13%
5 Years: -10%
3 Years: -33%
TTM: -20%
Stock Price CAGR
10 Years: 5%
5 Years: 7%
3 Years: 5%
1 Year: 5%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 7%
Last Year: 3%

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 35 35 37 37 45 45 45 45 45 45 45 45 45
Reserves 108 118 160 190 416 454 483 620 699 730 810 819 850
217 179 202 347 278 336 347 320 335 292 218 252 259
247 258 224 210 224 260 278 314 392 441 469 532 493
Total Liabilities 607 590 623 784 962 1,095 1,153 1,299 1,472 1,508 1,542 1,648 1,647
430 407 392 385 693 658 695 789 773 986 969 922 921
CWIP 7 2 11 152 33 90 90 61 171 28 39 148 220
Investments 0 0 0 0 0 0 0 30 50 35 51 50 46
170 181 221 246 237 346 368 419 477 459 484 528 460
Total Assets 607 590 623 784 962 1,095 1,153 1,299 1,472 1,508 1,542 1,648 1,647

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
-2 56 130 18 156 71 106 237 106 208 183 96
-5 4 -18 -161 -223 -69 -78 -136 -139 -101 -64 -111
7 -57 -97 133 70 4 -31 -52 -25 -83 -110 -5
Net Cash Flow -0 3 15 -9 4 6 -4 49 -58 24 9 -20

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 29 30 26 20 32 56 56 22 30 25 25 28
Inventory Days 261 242 256 199 240 214 327 173 186 240 217 290
Days Payable 226 191 99 126 146 184 197 121 103 144 110 177
Cash Conversion Cycle 64 82 183 93 127 87 186 75 114 122 132 141
Working Capital Days -62 -63 -58 2 -5 -4 -16 -8 17 10 11 6
ROCE % 1% 14% 27% 19% 16% 12% 12% 27% 17% 11% 16% 7%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
46.48% 47.13% 47.27% 44.48% 44.48% 43.71% 42.31% 42.08% 42.11% 42.27% 41.02% 40.93%
2.33% 2.38% 3.49% 4.23% 4.88% 5.17% 5.41% 5.33% 5.14% 5.24% 5.77% 4.45%
0.16% 0.03% 0.03% 0.03% 0.03% 0.03% 0.39% 0.03% 0.03% 0.04% 0.09% 0.09%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
51.01% 50.43% 49.19% 51.25% 50.59% 51.07% 51.88% 52.53% 52.69% 52.43% 53.11% 54.53%
No. of Shareholders 59,64158,05853,82354,34952,98153,74356,14258,85558,12156,55853,41250,910

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

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Credit ratings

Concalls

  • Jul 2024
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  • Jun 2018
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  • May 2018
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