North Eastern Carrying Corporation Ltd

₹ 24.1 0.80%

17 Apr - close price

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 ₹ 231 Cr.
Current Price ₹ 24.1
High / Low ₹ 44.4 / 18.1
Stock P/E 20.4
Book Value ₹ 22.4
Dividend Yield 0.00 %
ROCE 7.08 %
ROE 4.88 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 1.07 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 -0.45% over past five years.
Company has a low return on equity of 4.88% over last 3 years.

* 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: Logistics Industry: Miscellaneous

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	55.04	70.17	82.09	78.38	72.13	73.38	83.85	73.84	85.59	91.84	77.63	81.94	81.05
	51.62	65.44	78.11	73.55	66.94	67.62	79.09	69.04	79.15	87.08	70.03	75.39	75.74
Operating Profit	3.42	4.73	3.98	4.83	5.19	5.76	4.76	4.80	6.44	4.76	7.60	6.55	5.31
OPM %	6.21%	6.74%	4.85%	6.16%	7.20%	7.85%	5.68%	6.50%	7.52%	5.18%	9.79%	7.99%	6.55%
	0.02	0.32	0.00	0.01	0.37	0.04	0.28	0.11	0.10	1.11	0.37	0.05	0.03
Interest	1.50	1.46	1.75	1.90	1.91	2.37	2.25	2.03	2.57	2.21	1.97	1.90	1.86
Depreciation	0.40	1.78	0.71	0.71	0.70	0.72	0.79	0.78	0.88	0.68	0.74	0.68	0.56
Profit before tax	1.54	1.81	1.52	2.23	2.95	2.71	2.00	2.10	3.09	2.98	5.26	4.02	2.92
Tax %	26.62%	30.39%	36.84%	30.04%	27.80%	58.30%	25.50%	44.76%	18.77%	3.69%	30.23%	28.61%	33.22%
	1.14	1.26	0.96	1.55	2.13	1.12	1.49	1.15	2.52	2.86	3.67	2.87	1.94
EPS in Rs	0.12	0.13	0.10	0.16	0.22	0.12	0.16	0.12	0.27	0.30	0.38	0.30	0.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	541	572	531	538	548	384	343	376	231	250	306	335	332
	522	550	511	518	528	369	328	358	222	235	286	314	308
Operating Profit	19	21	20	21	20	16	15	18	9	15	20	21	24
OPM %	3%	4%	4%	4%	4%	4%	4%	5%	4%	6%	6%	6%	7%
	0	0	1	1	1	1	1	1	2	0	0	2	2
Interest	7	9	9	10	9	7	6	7	7	6	8	9	8
Depreciation	3	4	3	3	3	3	3	3	3	4	3	3	3
Profit before tax	8	9	9	9	9	6	7	9	1	6	9	10	15
Tax %	36%	32%	35%	37%	38%	35%	36%	27%	-21%	25%	39%	21%
	5	6	6	6	6	4	5	6	1	4	6	8	11
EPS in Rs	0.55	0.66	0.58	0.59	0.59	0.41	0.47	0.67	0.15	0.45	0.60	0.84	1.18
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-5%
5 Years:	0%
3 Years:	13%
TTM:	5%

Compounded Profit Growth
10 Years:	2%
5 Years:	11%
3 Years:	73%
TTM:	81%

Stock Price CAGR
10 Years:	-10%
5 Years:	34%
3 Years:	-8%
1 Year:	-14%

Return on Equity
10 Years:	5%
5 Years:	5%
3 Years:	5%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	50	50	50	50	50	50	50	50	50	50	50	95	100
Reserves	5	12	17	23	28	32	37	43	45	49	55	99	115
	65	73	74	78	83	54	72	76	86	101	119	103	95
	15	18	22	16	15	18	23	30	16	18	20	20	20
Total Liabilities	136	153	163	167	177	154	182	199	196	218	243	317	330
	15	15	15	18	18	19	20	17	14	13	14	13	9
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	5	5
	121	138	148	149	158	135	162	183	183	205	230	299	316
Total Assets	136	153	163	167	177	154	182	199	196	218	243	317	330

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-15	1	2	-2	34	-13	-4	-11	-10	-14	-46
	-2	-2	-7	-3	-3	-4	-0	0	-2	-3	-6
	17	2	4	5	-30	19	4	10	15	18	65
Net Cash Flow	0	0	-0	0	1	1	-0	0	2	0	13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	67	73	78	81	84	93	117	112	165	154	138	131
Inventory Days
Days Payable
Cash Conversion Cycle	67	73	78	81	84	93	117	112	165	154	138	131
Working Capital Days	66	72	81	85	90	103	136	139	250	259	240	279
ROCE %	14%	14%	12%	13%	11%	9%	8%	10%	5%	6%	8%	7%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	52.67%	52.68%	52.68%	52.68%	52.68%	52.68%	52.68%	52.68%	52.30%	54.19%	54.19%	54.19%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.15%	0.12%	0.01%	0.04%	0.00%
	47.33%	47.32%	47.32%	47.33%	47.33%	47.32%	47.29%	47.17%	47.58%	45.79%	45.77%	45.81%
No. of Shareholders	17,891	17,792	17,493	17,595	17,670	18,707	31,254	33,082	36,113	46,238	48,700	47,794

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	74.83%	67.52%	54.66%	54.66%	56.66%	56.66%	52.67%	52.68%	52.68%	54.19%
	0.00%	0.00%	0.80%	0.80%	1.36%	2.11%	0.09%	0.00%	0.15%	0.00%
	0.00%	0.00%	0.08%	0.06%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
	25.17%	32.48%	44.46%	44.48%	41.96%	41.23%	47.23%	47.33%	47.17%	45.81%
No. of Shareholders	1,200	17,280	18,238	16,580	15,394	14,511	19,941	17,595	33,082	47,794

* 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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North Eastern Carrying Corporation Ltd

North Eastern Carrying Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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