NTC Industries
Consumer Goods
NTCIND NSE
₹121.72 unchanged 0.00 (0.00%)
- P/E
- 8.83
Close 4 Nov 2026 ₹121.72 −56.53 −31.7% 1Y
Start ₹178.25
Key Fundamentals
MicrocapCigarettes & Tobacco ProductsFMCGPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 11.10%
- Debt to Equity
- 0.37
- EPS (TTM)
- ₹13.78
- Book Value
- ₹144.57
- Market Cap
- —
- P/E (TTM)
- 8.83
- P/B
- 0.84
- ROE
- 9.31%
- Dividend Yield
- 0.00%
- EBITDA
- ₹33.60 Cr
- 52W High
- ₹217.70
- 52W Low
- ₹115.00
- Day Range
- ₹115.00 – ₹123.39
- Volume
- 2,189
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
54 Average
Data confidence 100/100
Category scores
- Quality
- 56
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 54
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 83
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 58
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 21
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
5- Stock is trading at 0.94 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 19.5% CAGR over last 5 years
- Debtor days have improved from 58.0 to 35.0 days.
- Company's median sales growth is 17.2% of last 10 years
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.18% over last 3 years.
- Earnings include an other income of Rs.11.4 Cr.
- Promoter holding has decreased over last 3 years: -11.6%
- Working capital days have increased from 57.5 days to 219 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 5 | 2 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Strong Bearish
Bearish
12
Neutral
5
Bullish
2
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 38.84
- Neutral
- MACD (12,26,9)
- −3.53
- Bearish
- SMA (50)
- 132.30
- Bearish
- SMA (200)
- 151.75
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +20.17% |
|---|---|
| 5Y | +31.26% |
| 3Y | +32.12% |
| 1Y | +88.33% |
| TTM | +36.25% |
Net profit
| 10Y | +25.89% |
|---|---|
| 5Y | +20.11% |
| 3Y | +49.38% |
| 1Y | +81.82% |
| TTM | +29.10% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow widened by ₹6 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −9.20 pp |
|---|---|
| 5Y | −15.90 pp |
| 3Y | +4.29 pp |
| 1Y | −4.75 pp |
| TTM | −1.33 pp |
Revenue by year
| Mar 2017 | ₹23.00 Cr |
|---|---|
| Mar 2018 | ₹24.00 Cr |
| Mar 2019 | ₹22.00 Cr |
| Mar 2020 | ₹21.00 Cr |
| Mar 2021 | ₹29.00 Cr |
| Mar 2022 | ₹31.00 Cr |
| Mar 2023 | ₹49.00 Cr |
| Mar 2024 | ₹42.00 Cr |
| Mar 2025 | ₹60.00 Cr |
| Mar 2026 | ₹113 Cr |
Net profit by year
| Mar 2017 | ₹4.00 Cr |
|---|---|
| Mar 2018 | ₹4.00 Cr |
| Mar 2019 | ₹9.00 Cr |
| Mar 2020 | ₹4.00 Cr |
| Mar 2021 | ₹8.00 Cr |
| Mar 2022 | ₹9.00 Cr |
| Mar 2023 | ₹6.00 Cr |
| Mar 2024 | ₹5.00 Cr |
| Mar 2025 | ₹11.00 Cr |
| Mar 2026 | ₹20.00 Cr |
Quarterly Results
₹ Cr| Particulars | 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 | 12.14 | 10.02 | 7.35 | 12.61 | 7.63 | 15.42 | 13.43 | 23.6 | 28.11 | 26.26 | 26.72 | 31.55 | 25.23 |
| Expenses | 9.29 | 7.84 | 5.71 | 10.95 | 5.18 | 12.79 | 10.2 | 17.81 | 22.38 | 21.82 | 22.46 | 24.65 | 18.62 |
| Operating Profit | 2.85 | 2.18 | 1.64 | 1.66 | 2.45 | 2.63 | 3.23 | 5.79 | 5.73 | 4.44 | 4.26 | 6.9 | 6.61 |
| OPM % | 23.48% | 21.76% | 22.31% | 13.16% | 32.11% | 17.06% | 24.05% | 24.53% | 20.38% | 16.91% | 15.94% | 21.87% | 26.2% |
| Other Income | 1.86 | 1.9 | 3.94 | −3.06 | 0.76 | 1.59 | 1.68 | 3.64 | 3.97 | 3.02 | 2.88 | 2.39 | 3.16 |
| Interest | 0.09 | 0.12 | 0.11 | 0.13 | 0.91 | 1.38 | 1.85 | 1.79 | 1.76 | 1.63 | 1.61 | 1.5 | 1.28 |
| Depreciation | 0.49 | 0.55 | 4.23 | 0.53 | 0.4 | 0.4 | 0.39 | 0.37 | 0.37 | 0.37 | 0.37 | 0.36 | 0.37 |
| PBT | 4.13 | 3.41 | 1.24 | −2.06 | 1.9 | 2.44 | 2.67 | 7.27 | 7.57 | 5.46 | 5.16 | 7.43 | 8.12 |
| Tax % | 15.74% | 13.78% | −1.61% | 27.18% | 19.47% | 20.08% | 12.36% | 23.8% | 24.97% | 20.15% | 25.97% | 23.15% | 24.51% |
| Net Profit | 3.48 | 2.93 | 1.26 | −2.61 | 1.52 | 1.95 | 2.34 | 5.54 | 5.67 | 4.36 | 3.82 | 5.71 | 6.12 |
| EPS (₹) | 2.91 | 2.45 | 1.05 | −2.19 | 1.27 | 1.63 | 1.63 | 3.82 | 3.91 | 3 | 2.63 | 3.93 | 4.22 |
Profit & Loss
₹ Cr| Particulars | 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 | 25 | 18 | 23 | 24 | 22 | 21 | 29 | 31 | 49 | 42 | 60 | 113 | 110 |
| Expenses | 22 | 13 | 16 | 18 | 17 | 20 | 19 | 23 | 43 | 37 | 46 | 91 | 88 |
| Operating Profit | 3 | 5 | 6 | 6 | 5 | 1 | 10 | 8 | 7 | 5 | 14 | 21 | 22 |
| OPM % | 10% | 30% | 28% | 26% | 22% | 6% | 36% | 26% | 13% | 12% | 24% | 19% | 20% |
| Other Income | 2 | 3 | 4 | 3 | 10 | 7 | 4 | 6 | 5 | 4 | 8 | 12 | 11 |
| Interest | 1 | 4 | 3 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 6 | 6 | 6 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| PBT | 2 | 3 | 5 | 5 | 11 | 6 | 12 | 12 | 9 | 7 | 14 | 26 | 26 |
| Tax % | 5% | 32% | 25% | 21% | 22% | 21% | 33% | 22% | 28% | 25% | 20% | 24% | — |
| Net Profit | 2 | 2 | 4 | 4 | 9 | 4 | 8 | 9 | 6 | 5 | 11 | 20 | 20 |
| EPS (₹) | 2.16 | 1.59 | 3.54 | 3.41 | 7.98 | 4.08 | 6.73 | 7.54 | 5.29 | 4.24 | 7.83 | 13.47 | 13.78 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 15 | 15 |
| Reserves | 22 | 24 | 31 | 35 | 43 | 46 | 59 | 71 | 77 | 91 | 196 | 195 |
| Borrowings | 30 | 29 | 24 | 17 | 12 | 7 | 4 | 6 | 7 | 46 | 80 | 77 |
| Other Liabilities | 19 | 16 | 16 | 18 | 17 | 20 | 28 | 16 | 18 | 20 | 38 | 33 |
| Total Liabilities | 82 | 80 | 82 | 81 | 83 | 84 | 103 | 105 | 113 | 169 | 329 | 320 |
| Fixed Assets | 30 | 34 | 35 | 34 | 31 | 30 | 28 | 29 | 29 | 129 | 128 | 127 |
| CWIP | 6 | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 6 | 1 | 1 | 2 |
| Investments | 1 | 1 | 5 | 4 | 4 | 2 | 2 | 4 | 5 | 16 | 108 | 87 |
| Other Assets | 45 | 42 | 41 | 42 | 47 | 50 | 68 | 69 | 74 | 23 | 92 | 104 |
| Total Assets | 82 | 80 | 82 | 81 | 83 | 84 | 103 | 105 | 113 | 169 | 329 | 320 |
Cash Flow
₹ Cr| Particulars | 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 | −15 | 4 | 6 | 2 | −4 | 1 | 2 | 3 | 4 | 90 | −2 | −8 |
| Investing | −5 | 0 | 2 | 4 | 11 | 5 | 1 | −6 | −3 | −90 | −29 | 16 |
| Financing | 21 | −5 | −8 | −5 | −7 | −6 | 3 | −3 | −1 | −1 | 30 | −8 |
| Net Cash Flow | 1 | −1 | 0 | 1 | −1 | 0 | 6 | −5 | 0 | 0 | −1 | 0 |
| Free Cash Flow | −21 | 1 | 5 | 2 | 1 | 1 | −1 | 2 | −2 | −7 | −2 | −10 |
| CFO/OP | −598 | 74 | 106 | 50 | −70 | 264 | 30 | 57 | 84 | 1,884 | 6 | −22 |
Ratios
| Particulars | 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 | 55 | 27 | 27 | 60 | 50 | 64 | 95 | 73 | 38 | 68 | 71 | 35 |
| Inventory Days | 129 | 509 | 184 | 121 | 131 | 222 | 374 | 144 | 93 | 125 | 104 | 51 |
| Days Payable | 70 | 223 | 168 | 92 | 43 | 209 | 353 | 56 | 25 | 66 | 88 | 43 |
| Cash Conversion Cycle | 114 | 314 | 43 | 89 | 138 | 76 | 116 | 162 | 107 | 126 | 87 | 43 |
| Working Capital Days | −100 | 65 | 242 | 306 | 464 | 443 | 380 | 547 | 357 | −380 | 333 | 219 |
| ROCE % | 5% | 11% | 13% | 14% | 13% | 8% | 18% | 14% | 10% | 8% | 9% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view NTC Industries insights
60 extracted metrics across FY10–FY27.
Documents
- 14 Aug 2026
- 14 Feb 2026
- General announcements 10 Oct 2026
Frequently Asked Questions about NTC Industries
What does NTC Industries Ltd do?
NTC Industries Ltd is the listed parent of a Kolkata group which manufactures cigarettes /smoking mixture, trading F&B /other FMCG products and letting properties through 4 wholly owned subsidiaries. It traces its operating heritage to National Tobacco Company of India (1931).
Where is NTC Industries Ltd (NTCIND) listed?
NTC Industries Ltd trades as NTCIND on the NSE and under code 526723 on the BSE.
Which sector does NTC Industries Ltd belong to?
NTC Industries Ltd is classified under the Consumer Goods sector, in the Cigarettes & Tobacco industry.
What is the PE ratio of NTC Industries Ltd?
NTC Industries Ltd trades at a PE ratio of 8.83 as of 4 Nov 2026, on earnings per share of ₹13.78, against a book value of ₹144.57 per share.
What is the 52-week high and low of NTC Industries Ltd?
Over the last 52 weeks NTC Industries Ltd has traded between ₹115 and ₹217.7 as of 4 Nov 2026.
What is the Return on Equity (ROE) of NTC Industries Ltd?
NTC Industries Ltd reported a return on equity of 9.31%. Its debt-to-equity ratio is 0.37.
Company Information
NTC Industries Ltd is the listed parent of a Kolkata group which manufactures cigarettes /smoking mixture, trading F&B /other FMCG products and letting properties through 4 wholly owned subsidiaries. It traces its operating heritage to National Tobacco Company of India (1931).
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