NCL Industries Ltd
NCLIND NSE
NCL Industries Ltd
ConstructionNSE: NCLIND BSE: 502168 Cement
Key Fundamentals
MicrocapCementConstructionMarket Cap
₹788 Cr
Volatility
Moderate
P/E Ratio
8.91
EBITDA
₹152 Cr
Return on Equity
2.94%
Debt to Equity
0.25
Book Value
₹207.86
EPS
₹16.6
52W High
₹220.39
52W Low
₹147.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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32 extracted metrics + investor summaries across FY03–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Stock is trading at 0.83 times its book value
- Company has been maintaining a healthy dividend payout of 23.8%
Weaknesses
4- The company has delivered a poor sales growth of -4.06% over past five years.
- Tax rate seems low
- Company has a low return on equity of 9.79% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.60%
Growth Rate
Revenue Growth
-0.69% ↗
Net Income Growth
201.94% ↗
Cash Flow Change
-52.86% ↘
ROE
-73.22% ↘
ROCE
-62.97% ↘
EBITDA Margin (Avg.)
14.71% ↗
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 441 | 391 | 433 | 419 | 355 | 330 | 341 | 375 | 335 | 345 | 343 | 400 | 344 |
| Expenses | 378 | 352 | 376 | 370 | 319 | 297 | 322 | 351 | 283 | 296 | 306 | 348 | 304 |
| Operating Profit | 63 | 39 | 57 | 49 | 36 | 34 | 20 | 24 | 52 | 49 | 37 | 51 | 40 |
| OPM % | 14% | 10% | 13% | 12% | 10% | 10% | 6% | 6% | 15% | 14% | 11% | 13% | 12% |
| Other Income | 5 | 4 | 3 | 6 | 4 | -7 | 5 | 6 | 3 | -2 | 7 | -12 | 4 |
| Interest | 5 | 7 | 6 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 |
| Depreciation | 13 | 13 | 13 | 16 | 13 | 15 | 14 | 14 | 13 | 13 | 14 | 15 | 15 |
| PBT | 49 | 23 | 42 | 34 | 21 | 7 | 6 | 10 | 37 | 29 | 24 | 19 | 23 |
| Tax % | 37% | 39% | 40% | 28% | 40% | 62% | 41% | 38% | 45% | 32% | 44% | -121% | 26% |
| Net Profit | 31 | 14 | 25 | 24 | 13 | 3 | 3 | 6 | 20 | 20 | 13 | 42 | 17 |
| EPS in Rs | 6.87 | 3.06 | 5.55 | 5.35 | 2.86 | 0.59 | 0.74 | 1.42 | 4.47 | 4.36 | 2.93 | 9.31 | 3.81 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 534 | 750 | 868 | 880 | 980 | 938 | 1,749 | 2,046 | 2,044 | 2,104 | 1,799 | 1,422 | 1,431 |
| Expenses | 463 | 628 | 753 | 746 | 843 | 797 | 1,465 | 1,838 | 1,895 | 1,895 | 1,686 | 1,232 | 1,254 |
| Operating Profit | 70 | 122 | 115 | 134 | 137 | 140 | 284 | 208 | 149 | 209 | 113 | 190 | 177 |
| OPM % | 13% | 16% | 13% | 15% | 14% | 15% | 16% | 10% | 7% | 10% | 6% | 13% | 12% |
| Other Income | 5 | 2 | 4 | 7 | 6 | 3 | 7 | 11 | 19 | 18 | 10 | -7 | -3 |
| Interest | 37 | 31 | 32 | 32 | 37 | 32 | 22 | 25 | 27 | 24 | 24 | 20 | 20 |
| Depreciation | 26 | 25 | 25 | 35 | 45 | 42 | 41 | 45 | 48 | 56 | 56 | 55 | 58 |
| PBT | 12 | 67 | 62 | 74 | 61 | 69 | 228 | 150 | 93 | 148 | 43 | 109 | 95 |
| Tax % | 28% | 21% | 11% | 34% | 23% | 27% | 35% | 34% | 51% | 36% | 41% | 13% | — |
| Net Profit | 9 | 53 | 55 | 49 | 47 | 51 | 149 | 98 | 46 | 94 | 25 | 95 | 92 |
| EPS in Rs | 2.55 | 14.45 | 14.88 | 10.86 | 10.36 | 11.24 | 32.87 | 21.7 | 10.17 | 20.83 | 5.61 | 21.07 | 20.41 |
| Div. Payout % | 0% | 14% | 17% | 23% | 24% | 1% | 12% | 14% | 30% | 19% | 36% | 17% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 37 | 37 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 118 | 160 | 190 | 416 | 454 | 483 | 620 | 699 | 730 | 810 | 819 | 901 |
| Borrowings | 179 | 202 | 347 | 278 | 336 | 347 | 320 | 335 | 292 | 218 | 252 | 239 |
| Other Liabilities | 258 | 224 | 210 | 224 | 260 | 278 | 314 | 392 | 441 | 469 | 532 | 403 |
| Total Liabilities | 590 | 623 | 784 | 962 | 1,095 | 1,153 | 1,299 | 1,472 | 1,508 | 1,542 | 1,648 | 1,588 |
| Fixed Assets | 407 | 392 | 385 | 693 | 658 | 695 | 789 | 773 | 986 | 969 | 922 | 1,091 |
| CWIP | 2 | 11 | 152 | 33 | 90 | 90 | 61 | 171 | 28 | 39 | 148 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 50 | 35 | 51 | 50 | 46 |
| Other Assets | 181 | 221 | 246 | 237 | 346 | 368 | 419 | 477 | 459 | 484 | 528 | 449 |
| Total Assets | 590 | 623 | 784 | 962 | 1,095 | 1,153 | 1,299 | 1,472 | 1,508 | 1,542 | 1,648 | 1,588 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 56 | 130 | 18 | 156 | 71 | 106 | 237 | 106 | 208 | 183 | 96 | 146 |
| Investing | 4 | -18 | -161 | -223 | -69 | -78 | -136 | -139 | -101 | -64 | -111 | -108 |
| Financing | -57 | -97 | 133 | 70 | 4 | -31 | -52 | -25 | -83 | -110 | -5 | -50 |
| Net Cash Flow | 3 | 15 | -9 | 4 | 6 | -4 | 49 | -58 | 24 | 9 | -20 | -12 |
| Free Cash Flow | 55 | 112 | -142 | -66 | 2 | 27 | 101 | -33 | 105 | 118 | -18 | 38 |
| CFO/OP | 79 | 107 | 28 | 128 | 64 | 89 | 107 | 73 | 168 | 103 | 94 | 97 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 26 | 20 | 32 | 56 | 56 | 22 | 30 | 25 | 25 | 28 | 30 |
| Inventory Days | 242 | 256 | 199 | 240 | 214 | 327 | 173 | 186 | 240 | 217 | 290 | 177 |
| Days Payable | 191 | 99 | 126 | 146 | 184 | 197 | 121 | 103 | 144 | 110 | 177 | 75 |
| Cash Conversion Cycle | 82 | 183 | 93 | 127 | 87 | 186 | 75 | 114 | 122 | 132 | 141 | 132 |
| Working Capital Days | -63 | -58 | 2 | -5 | -4 | -16 | -8 | 17 | 10 | 11 | 6 | 13 |
| ROCE % | 14% | 27% | 19% | 16% | 12% | 12% | 27% | 17% | 11% | 16% | 7% | 14% |
Documents
1
Compliances-Reg.24(A)-Annual Secretarial Compliance
27 Apr - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed. 27 Apr - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed.
2
Announcement under Regulation 30 (LODR)-Credit Rating
24 Apr - CRISIL renewed ratings for ₹561 crore bank loans and ₹100 crore fixed deposits. 24 Apr - CRISIL renewed ratings for ₹561 crore bank loans and ₹100 crore fixed deposits.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
21 Apr - NCL Industries says it is not a Large Corporate; outstanding borrowing Rs.139.23 crore as of March 31, 2026. 21 Apr - NCL Industries says it is not a Large Corporate; outstanding borrowing Rs.139.23 crore as of March 31, 2026.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
21 Apr - NCL Industries says it is not a Large Corporate as of March 31, 2026. 21 Apr - NCL Industries says it is not a Large Corporate as of March 31, 2026.
5
Compliances-Reg.24(A)-Annual Secretarial Compliance
9h - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed. 9h - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed.
Frequently Asked Questions about NCL Industries Ltd
What does NCL Industries Ltd do?
Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects[1]
Where is NCL Industries Ltd (NCLIND) listed?
NCL Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: NCLIND and BSE: 502168. You can view its live share price, financials, and ratios on Tapetide.
Which sector does NCL Industries Ltd belong to?
NCL Industries Ltd operates in the Construction sector within the Cement industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of NCL Industries Ltd?
NCL Industries Ltd has a market capitalisation of approximately ₹787.73 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of NCL Industries Ltd?
The Price-to-Earnings (PE) ratio of NCL Industries Ltd is 8.91. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of NCL Industries Ltd?
Over the past 52 weeks, NCL Industries Ltd has traded between a low of ₹147.5 and a high of ₹220.39. This range helps investors understand the stock's price volatility and recent trading levels.
Does NCL Industries Ltd pay dividends?
Yes, NCL Industries Ltd has a dividend yield of 2.01%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of NCL Industries Ltd?
NCL Industries Ltd has a Return on Equity (ROE) of 2.94%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research NCL Industries Ltd on Tapetide?
On Tapetide, you can view NCL Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects[1]
Website nclind.com
CEO Mr. Ravi Kalidindi
Employees 999
Listed 2007-04-03
Face Value ₹ 10
Issued Size 4,52,32,790