Nuvoco Vistas Corporation Ltd

AI

Nuvoco Vistas Corporation Ltd

₹ 331 -2.10%
23 Oct - close price
About

Nuvoco Vista Corporation Ltd (NVCL), is one of the largest cement companies and concrete manufacturers in India with a consolidated capacity of 25 MMTPA. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.[1]

Key Points

Part of Nirma Group
NVCL is a part of The Nirma Group, which is a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products, and real estate development. The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. [1]

  • Market Cap ₹ 11,808 Cr.
  • Current Price ₹ 331
  • High / Low ₹ 430 / 276
  • Stock P/E 26.6
  • Book Value ₹ 268
  • Dividend Yield 0.00 %
  • ROCE 6.99 %
  • ROE 4.17 %
  • Face Value ₹ 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.65% over past five years.
  • Company has a low return on equity of 2.00% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
2,573 2,421 2,933 2,636 2,269 2,409 3,042 2,873 2,458 2,701 3,307 3,129 2,790
2,243 2,011 2,443 2,293 2,050 2,151 2,491 2,354 2,091 2,318 2,719 2,560 2,382
Operating Profit 330 410 491 343 219 258 552 519 367 384 588 568 408
OPM % 13% 17% 17% 13% 10% 11% 18% 18% 15% 14% 18% 18% 15%
6 11 7 5 10 0 4 15 4 3 -46 4 3
Interest 140 133 125 127 132 126 113 117 102 99 81 70 72
Depreciation 226 231 218 216 215 217 220 215 218 223 228 226 231
Profit before tax -30 57 155 5 -118 -85 224 202 51 65 233 276 108
Tax % -105% 45% 35% 44% -28% -28% 26% 34% 29% 24% 40% 42% 40%
2 31 100 3 -85 -61 166 133 36 49 141 160 65
EPS in Rs 0.04 0.87 2.81 0.08 -2.38 -1.72 4.63 3.73 1.02 1.37 3.94 4.47 1.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
5,157 6,094 7,052 6,793 7,489 9,318 10,586 10,733 10,357 11,338 11,927
4,429 5,105 6,134 5,493 6,028 7,814 9,375 9,109 8,984 9,481 9,979
Operating Profit 728 989 918 1,301 1,460 1,504 1,211 1,624 1,373 1,857 1,948
OPM % 14% 16% 13% 19% 20% 16% 11% 15% 13% 16% 16%
11 54 54 33 34 35 -393 33 19 -25 -36
Interest 231 425 457 419 664 570 512 533 496 398 322
Depreciation 313 392 498 528 794 918 951 919 869 884 908
Profit before tax 196 226 17 387 36 51 -645 206 27 551 682
Tax % 16% 30% 260% 36% 171% 37% -102% 28% 18% 35%
166 158 -26 249 -26 32 16 147 22 360 415
EPS in Rs 3.63 10.54 -1.32 10.28 -0.82 0.90 0.44 4.13 0.61 10.06 11.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 2%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 101%
3 Years: -3%
TTM: 62%
Stock Price CAGR
10 Years: %
5 Years: -8%
3 Years: -2%
1 Year: -20%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 150 150 200 242 315 357 357 357 357 357 357
Reserves 3,799 3,967 4,788 5,037 7,009 8,464 8,482 8,626 8,645 8,985 9,208
4,314 4,369 4,683 4,513 7,792 5,575 4,785 4,404 4,074 4,916 5,568
3,022 3,133 3,590 3,652 4,792 5,218 5,364 5,323 5,082 6,041 6,267
Total Liabilities 11,285 11,619 13,262 13,444 19,907 19,615 18,988 18,710 18,158 20,299 21,400
8,916 8,690 9,895 9,970 15,042 15,409 14,962 15,027 14,702 14,478 15,496
CWIP 143 144 605 647 1,240 399 596 488 387 2,683 2,288
Investments 412 844 456 0 384 186 0 1 1 1 1
1,814 1,942 2,306 2,827 3,241 3,621 3,430 3,194 3,067 3,137 3,616
Total Assets 11,285 11,619 13,262 13,444 19,907 19,615 18,988 18,710 18,158 20,299 21,400

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
922 951 860 1,025 1,717 1,221 1,711 1,593 1,329 1,485
-513 -602 -149 -310 -2,898 -190 -260 -573 -337 -2,500
-503 -387 -647 -559 1,420 -1,420 -1,362 -1,114 -913 927
Net Cash Flow -94 -38 65 156 239 -390 89 -95 79 -89
Free Cash Flow 781 734 279 455 1,170 811 1,260 1,013 978 775
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 135% 105% 96% 86% 120% 86% 143% 101% 97% 84%

Ratios

Consolidated / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 31 25 26 27 22 22 21 20 23 24
Inventory Days 114 125 148 179 215 283 215 177 135 128
Days Payable 234 193 193 233 263 316 348 315 281 282
Cash Conversion Cycle -88 -44 -20 -27 -26 -11 -113 -118 -123 -130
Working Capital Days -41 -113 -102 -115 -161 -88 -102 -102 -111 -98
ROCE % 7% 5% 8% 6% 4% 2% 5% 4% 7%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
RMX (Ready-Mix Concrete) Plants
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Cement-to-Clinker (C/K) Ratio
x
Capacity Utilization
%
Cement Installed Capacity
MMTPA
Trade Mix (Share of Trade Volumes)
%
Cement Sales Volume
MMT
Premiumization (Share of Premium Products in Trade Volumes)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
71.78% 72.02% 72.02% 72.02% 72.02% 72.02% 72.02% 72.02% 72.02% 72.02% 72.02% 72.02%
3.05% 3.43% 3.50% 3.24% 3.37% 3.55% 3.82% 5.19% 5.00% 4.88% 4.71% 4.63%
19.97% 18.59% 18.46% 18.86% 19.26% 19.37% 19.10% 18.09% 18.09% 18.35% 18.00% 17.65%
5.19% 5.95% 6.03% 5.88% 5.34% 5.06% 5.06% 4.69% 4.90% 4.75% 5.27% 5.70%
No. of Shareholders 2,30,8642,26,8042,19,9342,13,5952,03,2171,97,0951,92,4061,82,7251,82,1231,78,1591,79,0301,82,637

* 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

Annual reports

Concalls