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

₹ 26.9 1.89%
26 Apr - close price
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 ₹ 256 Cr.
  • Current Price ₹ 26.9
  • High / Low ₹ 37.4 / 18.0
  • Stock P/E 40.8
  • Book Value ₹ 15.6
  • Dividend Yield 0.00 %
  • ROCE 8.27 %
  • ROE 5.56 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.46% over past five years.
  • Company has a low return on equity of 3.80% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -3.99%

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
62.56 75.45 70.41 54.80 55.04 70.17 82.09 78.38 72.13 73.38 83.85 73.84 85.59
60.00 70.74 67.80 50.53 51.62 65.44 78.11 73.55 66.94 67.62 79.09 69.04 79.15
Operating Profit 2.56 4.71 2.61 4.27 3.42 4.73 3.98 4.83 5.19 5.76 4.76 4.80 6.44
OPM % 4.09% 6.24% 3.71% 7.79% 6.21% 6.74% 4.85% 6.16% 7.20% 7.85% 5.68% 6.50% 7.52%
0.11 1.64 0.08 0.01 0.02 0.32 -0.00 0.01 0.37 0.04 0.28 0.11 0.10
Interest 1.58 1.67 1.12 1.96 1.50 1.46 1.75 1.90 1.91 2.37 2.25 2.03 2.57
Depreciation 0.26 1.39 0.61 0.94 0.40 1.78 0.71 0.71 0.70 0.72 0.79 0.78 0.88
Profit before tax 0.83 3.29 0.96 1.38 1.54 1.81 1.52 2.23 2.95 2.71 2.00 2.10 3.09
Tax % -0.00% 9.73% 25.00% 16.67% 26.62% 30.39% 36.84% 30.04% 27.80% 58.30% 25.50% 44.76% 18.77%
0.83 2.96 0.72 1.14 1.14 1.26 0.96 1.55 2.13 1.12 1.49 1.15 2.52
EPS in Rs 0.09 0.31 0.08 0.12 0.12 0.13 0.10 0.16 0.22 0.12 0.16 0.12 0.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
477 541 572 531 538 548 384 343 376 231 250 306 317
460 522 550 511 518 528 369 328 358 222 235 286 295
Operating Profit 17 19 21 20 21 20 16 15 18 9 15 20 22
OPM % 4% 3% 4% 4% 4% 4% 4% 4% 5% 4% 6% 7% 7%
0 0 0 1 1 1 1 1 1 2 0 0 1
Interest 6 7 9 9 10 9 7 6 7 7 6 8 9
Depreciation 3 3 4 3 3 3 3 3 3 3 4 3 3
Profit before tax 8 8 9 9 9 9 6 7 9 1 6 9 10
Tax % 34% 36% 32% 35% 37% 38% 35% 36% 27% -21% 25% 39%
5 5 6 6 6 6 4 5 6 1 4 6 6
EPS in Rs 0.55 0.55 0.66 0.58 0.59 0.59 0.41 0.47 0.67 0.15 0.45 0.60 0.67
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -6%
5 Years: -4%
3 Years: -7%
TTM: 5%
Compounded Profit Growth
10 Years: 1%
5 Years: 10%
3 Years: -6%
TTM: 6%
Stock Price CAGR
10 Years: -8%
5 Years: 29%
3 Years: 51%
1 Year: 36%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 13 50 50 50 50 50 50 50 50 50 50 50 73
Reserves 38 5 12 17 23 28 32 37 43 45 49 55 75
48 65 73 74 78 83 54 72 76 86 101 119 114
14 15 18 22 16 15 18 23 30 16 18 20 17
Total Liabilities 112 136 153 163 167 177 154 182 199 196 218 243 279
17 15 15 15 18 18 19 20 17 14 13 14 12
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 -0 -0
95 121 138 148 149 158 135 162 183 183 205 230 267
Total Assets 112 136 153 163 167 177 154 182 199 196 218 243 279

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 -15 1 2 -2 34 -13 -4 -11 -10 -14
-0 -2 -2 -7 -3 -3 -4 -0 0 -2 -3
1 17 2 4 5 -30 19 4 10 15 18
Net Cash Flow -1 0 0 -0 0 1 1 -0 0 2 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 58 67 73 78 81 84 93 117 112 165 154 138
Inventory Days
Days Payable
Cash Conversion Cycle 58 67 73 78 81 84 93 117 112 165 154 138
Working Capital Days 56 66 72 81 85 90 103 136 139 250 259 240
ROCE % 15% 14% 14% 12% 13% 11% 9% 8% 10% 5% 6% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.66% 52.67% 52.67% 52.67% 52.67% 52.68% 52.68% 52.68% 52.68% 52.68% 52.68% 52.68%
0.00% 0.00% 0.39% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.15%
43.34% 47.32% 46.94% 47.23% 47.33% 47.32% 47.32% 47.33% 47.33% 47.32% 47.29% 47.17%
No. of Shareholders 16,18415,08915,68219,94117,89117,79217,49317,59517,67018,70731,25433,082

* 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
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  • Apr 2017
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