North Eastern Carrying Corporation Ltd

North Eastn.Car. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

North Eastern Carrying Corporation Ltd

₹ 14.0 -2.51%
11 Mar 9:27 a.m.
neccgroup.com BSE: 534615 NSE: NECCLTD
About

Incorporated in 1984, North Eastern Carrying Corporation Ltd is in the
business of Transportation[1]

Key Points

Business Overview:[1]
NECCL is in freight forwarding, logistics and goods transport agency business with 250+ branches in India. It provides freight management and customized logistics solutions backed by an automated ERP based software.
Company books small parcels, full truck load consignments, project consignments and ODC.
It also provides containerized movement of cargo, packing and moving, warehousing, 3PL and storage facilities

Website BSE NSE
  • Market Cap ₹ 140 Cr.
  • Current Price ₹ 14.0
  • High / Low ₹ 27.3 / 11.5
  • Stock P/E 15.9
  • Book Value ₹ 22.6
  • Dividend Yield 0.00 %
  • ROCE 6.67 %
  • ROE 4.97 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.63 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.66% over past five years.
  • Company has a low return on equity of 5.07% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Services Services Transport Services Logistics Solution Provider

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
72.13 73.38 83.85 73.84 85.59 91.84 77.63 81.94 81.05 88.10 69.10 70.75 71.97
66.94 67.62 79.09 69.04 79.15 87.08 70.03 75.39 75.74 85.61 63.79 67.91 65.35
Operating Profit 5.19 5.76 4.76 4.80 6.44 4.76 7.60 6.55 5.31 2.49 5.31 2.84 6.62
OPM % 7.20% 7.85% 5.68% 6.50% 7.52% 5.18% 9.79% 7.99% 6.55% 2.83% 7.68% 4.01% 9.20%
0.37 0.04 0.28 0.11 0.10 1.11 0.37 0.05 0.03 0.26 0.15 2.88 1.38
Interest 1.91 2.37 2.25 2.03 2.57 2.21 1.97 1.90 1.86 1.34 2.45 2.30 2.40
Depreciation 0.70 0.72 0.79 0.78 0.88 0.68 0.74 0.68 0.56 0.58 0.61 0.77 0.85
Profit before tax 2.95 2.71 2.00 2.10 3.09 2.98 5.26 4.02 2.92 0.83 2.40 2.65 4.75
Tax % 27.80% 58.30% 25.50% 44.76% 18.77% 3.69% 30.23% 28.61% 33.22% -112.05% 25.83% 31.32% 27.58%
2.13 1.12 1.49 1.15 2.52 2.86 3.67 2.87 1.94 1.76 1.78 1.82 3.45
EPS in Rs 0.22 0.12 0.16 0.12 0.27 0.30 0.38 0.29 0.19 0.18 0.18 0.18 0.34
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
572 531 538 548 384 343 376 231 250 306 335 329 300
550 511 518 528 369 328 358 222 235 286 314 306 283
Operating Profit 21 20 21 20 16 15 18 9 15 20 21 23 17
OPM % 4% 4% 4% 4% 4% 4% 5% 4% 6% 6% 6% 7% 6%
0 1 1 1 1 1 1 2 0 0 2 1 5
Interest 9 9 10 9 7 6 7 7 6 8 9 8 8
Depreciation 4 3 3 3 3 3 3 3 4 3 3 3 3
Profit before tax 9 9 9 9 6 7 9 1 6 9 10 13 11
Tax % 32% 35% 37% 38% 35% 36% 27% -21% 25% 39% 21% 21%
6 6 6 6 4 5 6 1 4 6 8 10 9
EPS in Rs 0.66 0.58 0.59 0.59 0.41 0.47 0.67 0.15 0.45 0.60 0.84 1.03 0.88
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -5%
5 Years: -3%
3 Years: 9%
TTM: -10%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 37%
TTM: -22%
Stock Price CAGR
10 Years: -11%
5 Years: 10%
3 Years: -4%
1 Year: -35%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 5%
Last Year: 5%

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 50 50 50 50 50 50 50 50 50 50 95 100 100
Reserves 12 17 23 28 32 37 43 45 49 55 99 119 123
73 74 78 83 54 72 76 86 101 119 103 106 124
18 22 16 15 18 23 30 16 18 20 20 20 18
Total Liabilities 153 163 167 177 154 182 199 196 218 243 317 345 364
15 15 18 18 19 20 17 14 13 14 13 8 19
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 4 2
Investments 0 0 0 0 -0 -0 -0 -0 -0 -0 5 5 9
138 148 149 158 135 162 183 183 205 230 299 327 334
Total Assets 153 163 167 177 154 182 199 196 218 243 317 345 364

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
1 2 -2 34 -13 -4 -11 -10 -14 -46 -21
-2 -7 -3 -3 -4 -0 0 -2 -3 -6 -2
2 4 5 -30 19 4 10 15 18 65 17
Net Cash Flow 0 -0 0 1 1 -0 0 2 0 13 -6

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 73 78 81 84 93 117 112 165 154 138 131 138
Inventory Days
Days Payable
Cash Conversion Cycle 73 78 81 84 93 117 112 165 154 138 131 138
Working Capital Days 26 33 35 39 61 66 69 116 116 119 178 209
ROCE % 14% 12% 13% 11% 9% 8% 10% 5% 6% 8% 7% 7%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Number of Branches
Number

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Number of Employees
Number
Warehousing Space
Million sq. ft.
Working Capital Cycle
Days
Owned Fleet Size (Trucks)
Number
Number of Customers
Lakhs

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
52.68% 52.68% 52.68% 52.68% 52.68% 52.30% 54.19% 54.19% 54.19% 54.19% 54.19% 54.19%
0.00% 0.00% 0.00% 0.04% 0.15% 0.12% 0.01% 0.04% 0.00% 0.00% 0.02% 0.00%
47.33% 47.33% 47.32% 47.29% 47.17% 47.58% 45.79% 45.77% 45.81% 45.82% 45.79% 45.80%
No. of Shareholders 17,59517,67018,70731,25433,08236,11346,23848,70047,79446,71445,72544,171

* 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

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Concalls

  • Jan 2022
    Transcript
    AI Summary
    PPT
  • Apr 2017
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    AI Summary
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