North Eastern Carrying Corporation Ltd

About [ edit ]

North Eastern Carrying Corporation offers freight management and customized logistics solutions backed by a automated ERP based software, which includes Warehousing and transport.

  • Market Cap 47.9 Cr.
  • Current Price 9.60
  • High / Low 17.3 / 2.85
  • Stock P/E 72.5
  • Book Value 18.1
  • Dividend Yield 0.00 %
  • ROCE 9.88 %
  • ROE 7.09 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.53 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.65% over past five years.
  • Company has a low return on equity of 5.59% for last 3 years.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
88.75 83.18 76.57 91.78 91.39 96.79 96.48 90.32 92.71 33.21 59.36 62.56
82.73 80.79 74.29 89.91 83.79 94.05 91.88 88.28 85.13 33.81 57.02 60.00
Operating Profit 6.02 2.39 2.28 1.87 7.60 2.74 4.60 2.04 7.58 -0.60 2.34 2.56
OPM % 6.78% 2.87% 2.98% 2.04% 8.32% 2.83% 4.77% 2.26% 8.18% -1.81% 3.94% 4.09%
Other Income 0.14 0.35 1.52 0.58 -1.07 0.96 0.01 2.34 -1.41 0.18 0.79 0.11
Interest 2.67 0.42 1.81 0.84 2.01 1.17 1.91 1.59 2.33 2.04 1.58 1.58
Depreciation 1.31 0.86 0.68 0.36 1.51 0.77 0.21 0.68 1.45 0.78 0.67 0.26
Profit before tax 2.18 1.46 1.31 1.25 3.01 1.76 2.49 2.11 2.39 -3.24 0.88 0.83
Tax % 38.07% 32.88% 33.59% 34.40% 37.54% 34.09% 34.14% 34.12% 8.37% 0.00% 0.00% 0.00%
Net Profit 1.35 0.98 0.86 0.83 1.89 1.16 1.64 1.40 2.19 -3.23 0.87 0.83
EPS in Rs 0.27 0.20 0.17 0.17 0.38 0.23 0.33 0.28 0.44 -0.64 0.17 0.17
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
240 316 414 477 541 572 531 538 548 384 343 376 248
233 305 399 460 522 550 511 518 528 369 328 359 236
Operating Profit 8 10 15 17 19 21 20 21 20 16 15 17 12
OPM % 3% 3% 4% 4% 3% 4% 4% 4% 4% 4% 4% 5% 5%
Other Income 2 2 1 0 0 0 1 1 1 1 1 2 -0
Interest 4 5 6 6 7 9 9 10 9 7 6 7 8
Depreciation 2 3 3 3 3 4 3 3 3 3 3 3 3
Profit before tax 4 5 7 8 8 9 9 9 9 6 7 9 1
Tax % 38% 36% 32% 34% 36% 32% 35% 37% 38% 35% 36% 27%
Net Profit 2 3 5 5 5 6 6 6 6 4 5 6 1
EPS in Rs 0.44 0.65 0.98 1.05 1.04 1.25 1.10 1.12 1.12 0.77 0.90 1.27 0.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:2%
5 Years:-7%
3 Years:-12%
TTM:-34%
Compounded Profit Growth
10 Years:7%
5 Years:6%
3 Years:5%
TTM:-89%
Stock Price CAGR
10 Years:%
5 Years:-29%
3 Years:-27%
1 Year:109%
Return on Equity
10 Years:8%
5 Years:6%
3 Years:6%
Last Year:7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
13 13 13 13 50 50 50 50 50 50 50 50 50
Reserves 24 27 32 38 5 12 17 23 28 32 37 43 41
Borrowings 32 36 46 48 65 73 74 78 83 54 72 76 75
7 10 11 14 15 18 22 16 15 18 23 30 20
Total Liabilities 76 85 102 112 136 153 163 167 177 154 182 199 186
17 17 19 17 15 15 15 18 18 19 20 17 15
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
59 69 83 95 121 138 148 149 158 135 162 183 171
Total Assets 76 85 102 112 136 153 163 167 177 154 182 199 186

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 -5 -2 -15 1 2 -2 34 -13 -4
-2 -5 -0 -2 -2 -7 -3 -3 -4 -0
3 11 1 17 2 4 5 -30 19 4
Net Cash Flow 3 0 -1 0 0 -0 0 1 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 15% 15% 14% 14% 12% 13% 11% 9% 8% 10%
Debtor Days 69 59 54 58 67 73 78 81 84 93 117 112
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
54.66 54.66 54.66 54.66 54.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66
0.80 0.80 0.80 0.80 0.80 0.80 0.70 0.70 1.36 0.37 0.00 0.00
0.08 0.06 0.06 0.06 0.06 0.06 0.00 0.12 0.02 0.01 0.00 0.00
44.46 44.47 44.48 44.48 44.48 42.49 42.65 42.52 41.96 42.96 43.34 43.34

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