Nuvoco Vistas Corporation Ltd logo

Nuvoco Vistas Corporation Ltd

NUVOCO NSE

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]

AI Verdict: HOLD Confidence: 5%

Nuvoco Vistas trades at an attractive 1.09x book value with 78.95% analyst buy ratings and TTM sales growth of 9%, but persistently low ROE of 2-4%, zero dividend payout, and negative stock CAGR of -8% over 1 year suggest limited near-term upside despite improving profitability.

Key Fundamentals

MicrocapCementConstruction
Market Cap
₹11,218 Cr
Volatility
Moderate
P/E Ratio
30.44
EBITDA
₹1,809 Cr
Return on Equity
1.64%
Debt to Equity
0.47
Book Value
₹286.39
EPS
₹3.8
52W High
₹477.5
52W Low
₹276.25

Technical Indicators

Key Insights

Strengths

1
  • Stock is trading at 1.10 times its book value

Weaknesses

3
  • 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 2.02% over last 3 years.

Growth Rate

Revenue Growth
9.27% ↘
Net Income Growth
1501.65% ↗
Cash Flow Change
-16.58% ↘
ROE
-85.37% ↘
ROCE
-26.23% ↘
EBITDA Margin (Avg.)
18.72% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
HOLD
Risk medium

Nuvoco Vistas trades at an attractive 1.09x book value with 78.95% analyst buy ratings and TTM sales growth of 9%, but persistently low ROE of 2-4%, zero dividend payout, and negative stock CAGR of -8% over 1 year suggest limited near-term upside despite improving profitability.

Bull Case 8
  • Trading at just 1.09x price-to-book value, significantly below sector peers, indicating potential undervaluation for a large-cap cement player
  • Strong analyst consensus with 78.95% buy ratings (15 out of 19 analysts) and zero sell recommendations
  • TTM sales growth of 9% shows revenue momentum recovering after a sluggish 3-year CAGR of just 2%
  • TTM profit growth of 1687% signals a massive earnings turnaround from a low base, indicating operational leverage kicking in
  • 5-year compounded profit CAGR of 102% demonstrates long-term earnings trajectory is strongly positive
  • Last year ROE improved to 4% from 3-year average of 2%, suggesting improving capital efficiency
  • Market cap of Rs 11,149 crore provides reasonable scale and liquidity for institutional investors in the cement space
  • PE ratio of 31.1x, while optically high, is supported by earnings recovery trajectory and sector re-rating potential
Bear Case 7
  • 3-year ROE of just 2% is extremely poor for a capital-intensive cement business, destroying shareholder value relative to cost of equity
  • Zero dividend yield despite reporting repeated profits signals poor capital allocation and lack of shareholder return focus
  • Stock CAGR of -8% over 1 year and -4% over 3 years shows sustained value destruction for investors
  • 5-year compounded sales growth of only 8.65% is below industry average for a cement company in a growing Indian market
  • PE ratio of 31.1x is elevated for a company delivering only 2-4% ROE, implying expensive valuation relative to returns generated
  • 3-year compounded profit CAGR of -2% indicates that the TTM profit surge may not be sustainable and could be base-effect driven
  • 5-year and 10-year stock CAGR data unavailable, limiting visibility into long-term wealth creation track record

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Neutral 2
  • Investor conference Jun 11 Jun 08

    Nuvoco Vistas will attend a virtual investor conference on June 11, 2026, hosted by Choice Equity Broking.

  • Meeting with Locus Investment Jun 04

    Nuvoco Vistas held a virtual one-on-one meeting with Locus Investment Group on June 5, 2026, at 3:30 PM.

TL;DR: Recent news flow for Nuvoco Vistas is limited to routine investor engagement activities with no material operational or financial updates. There are no identifiable headwinds or positive catalysts from these disclosures. The company appears to be maintaining regular communication with the investment community, which is standard practice. Watch for any material updates or guidance that may emerge from these meetings.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,928
2,806
2,573
2,421
2,933
2,636
2,269
2,409
3,042
2,873
2,458
2,701
3,307
Expenses
2,548
2,413
2,243
2,011
2,443
2,293
2,050
2,151
2,491
2,354
2,091
2,318
2,719
Operating Profit
380
393
330
410
491
343
219
258
552
519
367
384
588
OPM %
13%
14%
13%
17%
17%
13%
10%
11%
18%
18%
15%
14%
18%
Other Income
-403
9
6
11
7
5
10
0
4
15
4
3
-46
Interest
137
135
140
133
125
127
132
126
113
117
102
99
81
Depreciation
239
244
226
231
218
216
215
217
220
215
218
223
228
PBT
-399
24
-30
57
155
5
-118
-85
224
202
51
65
233
Tax %
-150%
39%
-105%
45%
35%
44%
-28%
-28%
26%
34%
29%
24%
40%
Net Profit
201
14
2
31
100
3
-85
-61
166
133
36
49
141
EPS in Rs
5.63
0.4
0.04
0.87
2.81
0.08
-2.38
-1.72
4.63
3.73
1.02
1.37
3.94
Figures in ₹ Crores

Profit & Loss

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
5,157
6,094
7,052
6,793
7,489
9,318
10,586
10,733
10,357
11,338
Expenses
4,429
5,105
6,134
5,493
6,028
7,814
9,375
9,109
8,984
9,481
Operating Profit
728
989
918
1,301
1,460
1,504
1,211
1,624
1,373
1,857
OPM %
14%
16%
13%
19%
20%
16%
11%
15%
13%
16%
Other Income
11
54
54
33
34
35
-393
33
19
-24
Interest
231
425
457
419
664
570
512
533
496
398
Depreciation
313
392
498
528
794
918
951
919
869
884
PBT
196
226
17
387
36
51
-645
206
27
551
Tax %
16%
30%
260%
36%
171%
37%
-102%
28%
18%
35%
Net Profit
166
158
-26
249
-26
32
16
147
22
360
EPS in Rs
3.63
10.54
-1.32
10.28
-0.82
0.9
0.44
4.13
0.61
10.06
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
150
150
200
242
315
357
357
357
357
357
Reserves
3,799
3,967
4,788
5,037
7,009
8,464
8,482
8,626
8,645
9,872
Borrowings
4,314
4,369
4,683
4,513
7,792
5,575
4,785
4,404
4,074
4,916
Other Liabilities
3,022
3,133
3,590
3,652
4,792
5,218
5,364
5,323
5,082
5,154
Total Liabilities
11,285
11,619
13,262
13,444
19,907
19,615
18,988
18,710
18,158
20,299
Fixed Assets
8,916
8,690
9,895
9,970
15,042
15,409
14,962
15,027
14,702
14,686
CWIP
143
144
605
647
1,240
399
596
488
387
2,474
Investments
412
844
456
0
384
186
0
1
1
1
Other Assets
1,814
1,942
2,306
2,827
3,241
3,621
3,430
3,194
3,067
3,137
Total Assets
11,285
11,619
13,262
13,444
19,907
19,615
18,988
18,710
18,158
20,299
Figures in ₹ Crores

Cash Flow

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
922
951
860
1,025
1,717
1,221
1,711
1,593
1,329
1,485
Investing
-513
-602
-149
-310
-2,898
-190
-260
-573
-337
-2,500
Financing
-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
1,011
978
775
CFO/OP
135
105
96
86
120
86
143
101
97
84
Figures in ₹ Crores

Ratios

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 72.02%
DIIs 18.34%
FIIs 4.88%
Public 4.13%
Others 0.63%
Total 100.00%
  Jul 2021Aug 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
95.24%
71.03%
71.03%
71.03%
71.42%
71.72%
71.79%
71.79%
71.79%
71.79%
71.79%
71.79%
72.02%
72.02%
72.02%
72.02%
72.02%
72.02%
72.02%
72.02%
72.02%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.05%
3.43%
3.50%
3.24%
3.37%
3.55%
3.82%
5.19%
5.00%
4.88%
DIIs
0.00%
7.89%
11.25%
12.22%
13.62%
14.55%
15.34%
20.16%
20.45%
16.32%
19.95%
19.97%
18.60%
18.46%
18.86%
19.27%
19.37%
19.10%
18.10%
18.09%
18.34%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
5.44%
3.94%
3.78%
3.85%
4.47%
4.45%
4.07%
3.80%
4.02%
4.29%
4.37%
5.03%
5.21%
5.09%
4.63%
4.42%
4.37%
4.01%
4.18%
4.13%
Others
4.76%
15.64%
13.79%
12.97%
11.11%
9.26%
8.42%
3.99%
3.97%
7.87%
3.97%
0.83%
0.92%
0.81%
0.79%
0.72%
0.64%
0.69%
0.69%
0.71%
0.63%
No. of Shareholders
11
4,96,311
3,61,190
3,05,605
2,86,954
2,80,646
2,72,307
2,62,416
2,53,546
2,47,527
2,39,732
2,30,864
2,26,804
2,19,934
2,13,595
2,03,217
1,97,095
1,92,406
1,82,725
1,82,123
1,78,159

Documents

Frequently Asked Questions about Nuvoco Vistas Corporation Ltd

What does Nuvoco Vistas Corporation Ltd do?
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, d...
Where is Nuvoco Vistas Corporation Ltd (NUVOCO) listed?
Nuvoco Vistas Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: NUVOCO and BSE: 543334. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nuvoco Vistas Corporation Ltd belong to?
Nuvoco Vistas Corporation Ltd operates in the Commodities sector within the Cement & Cement Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nuvoco Vistas Corporation Ltd?
Nuvoco Vistas Corporation Ltd has a market capitalisation of approximately ₹11218.27 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Nuvoco Vistas Corporation Ltd?
The Price-to-Earnings (PE) ratio of Nuvoco Vistas Corporation Ltd is 30.44. 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 Nuvoco Vistas Corporation Ltd?
Over the past 52 weeks, Nuvoco Vistas Corporation Ltd has traded between a low of ₹276.25 and a high of ₹477.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Nuvoco Vistas Corporation Ltd?
Nuvoco Vistas Corporation Ltd has a Return on Equity (ROE) of 1.64%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nuvoco Vistas Corporation Ltd on Tapetide?
On Tapetide, you can view Nuvoco Vistas Corporation 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

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]

Website nuvoco.com
Listed 2021-08-23
Face Value ₹ 10
Issued Size 35,71,56,153

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