NCL Industries
Construction
NCLIND NSE
₹163.25 No trade today
- P/E
- 8.00
Close 4 Nov 2026 ₹163.25 −36.97 −18.5% 1Y
Start ₹200.22
Key Fundamentals
MicrocapCement & Cement ProductsConstruction MaterialsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 14.60%
- Debt to Equity
- 0.25
- EPS (TTM)
- ₹20.41
- Book Value
- ₹207.86
- Market Cap
- —
- P/E (TTM)
- 8.00
- P/B
- 0.79
- ROE
- 11.30%
- Dividend Yield
- 2.17%
- EBITDA
- ₹222 Cr
- 52W High
- ₹214.80
- 52W Low
- ₹147.50
- Volume
- 0
Peer Comparison
Commodities › Construction › Cement › Cement & Cement Products
| ₹11,816.00 | 39.56 | ₹3,46,219 Cr | 4.73 | 2.05% | 11.10% | 12.70% | ₹95,572 Cr | ₹8,834 Cr | |
| ₹3,138.00 | 37.92 | ₹2,11,790 Cr | 2.05 | 0.32% | 4.98% | 8.01% | ₹1,84,029 Cr | ₹11,261 Cr | |
| ₹375.95 | 21.09 | ₹92,920 Cr | 1.57 | 0.54% | 8.85% | 5.61% | ₹39,867 Cr | ₹5,222 Cr | |
| ₹24,175.00 | 53.51 | ₹86,846 Cr | 3.66 | 0.63% | 7.51% | 10.30% | ₹21,896 Cr | ₹1,637 Cr | |
| ₹5,076.30 | 41.48 | ₹39,409 Cr | 5.34 | 0.39% | 15.60% | 15.10% | ₹14,401 Cr | ₹939 Cr | |
| ₹1,407.00 | 28.29 | ₹26,437 Cr | 1.48 | 0.29% | 6.11% | 7.59% | ₹15,058 Cr | ₹953 Cr | |
| ₹1,185.30 | 11.66 | ₹22,384 Cr | 1.08 | 0.64% | 10.90% | 11.20% | ₹25,442 Cr | ₹1,908 Cr | |
| NCL Industries (this company) | ₹163.25 | 8.00 | ₹730 Cr | 0.79 | 2.17% | 11.30% | 14.60% | ₹1,431 Cr | ₹92 Cr |
| Median 8 companies | ₹2,272.50 | 33.11 | ₹63,128 Cr | 1.81 | 0.59% | 9.88% | 10.75% | ₹23,669 Cr | ₹1,773 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
57 Good
Data confidence 100/100
Category scores
- Quality
- 66
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 83
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 35
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 38
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 28
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 56
- Good
- 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
2- Stock is trading at 0.81 times its book value
- Company has been maintaining a healthy dividend payout of 23.8%
Weaknesses
3- The company has delivered a poor sales growth of -0.02% over past five years.
- Tax rate seems low
- Company has a low return on equity of 8.66% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 6 | 3 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Bearish
2
Neutral
6
Bullish
1
Overall
Strong Bearish
Bearish
10
Neutral
6
Bullish
3
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 46.24
- Neutral
- MACD (12,26,9)
- −2.55
- Bullish
- SMA (50)
- 170.49
- Bearish
- SMA (200)
- 178.41
- 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 | +8.82% |
|---|---|
| 5Y | −0.02% |
| 3Y | −5.10% |
| 1Y | +0.29% |
| TTM | +3.69% |
Net profit
| 10Y | +6.01% |
|---|---|
| 5Y | −8.61% |
| 3Y | +27.35% |
| 1Y | +280.00% |
| TTM | +187.50% |
Operating cash flow
| 10Y | +1.17% |
|---|---|
| 5Y | −9.23% |
| 3Y | −11.13% |
| 1Y | +52.08% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −5.28 pp |
|---|---|
| 5Y | −5.25 pp |
| 3Y | +3.70 pp |
| 1Y | +3.93 pp |
| TTM | +2.95 pp |
Revenue by year
| Mar 2017 | ₹868 Cr |
|---|---|
| Mar 2018 | ₹880 Cr |
| Mar 2019 | ₹980 Cr |
| Mar 2020 | ₹938 Cr |
| Mar 2021 | ₹1,749 Cr |
| Mar 2022 | ₹2,046 Cr |
| Mar 2023 | ₹2,044 Cr |
| Mar 2024 | ₹2,104 Cr |
| Mar 2025 | ₹1,742 Cr |
| Mar 2026 | ₹1,747 Cr |
Net profit by year
| Mar 2017 | ₹55.00 Cr |
|---|---|
| Mar 2018 | ₹49.00 Cr |
| Mar 2019 | ₹47.00 Cr |
| Mar 2020 | ₹51.00 Cr |
| Mar 2021 | ₹149 Cr |
| Mar 2022 | ₹98.00 Cr |
| Mar 2023 | ₹46.00 Cr |
| Mar 2024 | ₹94.00 Cr |
| Mar 2025 | ₹25.00 Cr |
| Mar 2026 | ₹95.00 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 | 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 (₹) | 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
₹ 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 | 534 | 750 | 868 | 880 | 980 | 938 | 1,749 | 2,046 | 2,044 | 2,104 | 1,742 | 1,747 | 1,431 |
| Expenses | 463 | 628 | 753 | 746 | 843 | 797 | 1,465 | 1,838 | 1,895 | 1,895 | 1,619 | 1,555 | 1,254 |
| Operating Profit | 70 | 122 | 115 | 134 | 137 | 140 | 284 | 208 | 149 | 209 | 123 | 192 | 177 |
| OPM % | 13% | 16% | 13% | 15% | 14% | 15% | 16% | 10% | 7% | 10% | 7% | 11% | 12% |
| Other Income | 5 | 2 | 4 | 7 | 6 | 3 | 7 | 11 | 19 | 18 | 1 | −7 | −3 |
| Interest | 37 | 31 | 32 | 32 | 37 | 32 | 22 | 25 | 27 | 24 | 23 | 21 | 20 |
| Depreciation | 26 | 25 | 25 | 35 | 45 | 42 | 41 | 45 | 48 | 56 | 54 | 55 | 58 |
| PBT | 12 | 67 | 62 | 74 | 61 | 69 | 228 | 150 | 93 | 148 | 48 | 109 | 95 |
| Tax % | 28% | 21% | 11% | 34% | 23% | 27% | 35% | 34% | 51% | 36% | 47% | 13% | — |
| Net Profit | 9 | 53 | 55 | 49 | 47 | 51 | 149 | 98 | 46 | 94 | 25 | 95 | 92 |
| EPS (₹) | 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
₹ 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 | 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
₹ 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 | 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 | 87 | 96 |
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 | 30 | 26 | 20 | 32 | 56 | 56 | 22 | 30 | 25 | 25 | 28 | 25 |
| Inventory Days | 242 | 256 | 199 | 240 | 214 | 327 | 173 | 186 | 240 | 217 | 327 | 215 |
| Days Payable | 191 | 99 | 126 | 146 | 184 | 197 | 121 | 103 | 144 | 110 | 200 | 91 |
| Cash Conversion Cycle | 82 | 183 | 93 | 127 | 87 | 186 | 75 | 114 | 122 | 132 | 156 | 148 |
| Working Capital Days | −63 | −58 | 2 | −5 | −4 | −16 | −8 | 17 | 10 | 11 | 6 | 11 |
| ROCE % | 14% | 27% | 19% | 16% | 12% | 12% | 27% | 17% | 11% | 16% | 8% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view NCL Industries insights
70 extracted metrics across FY12–FY27.
Documents
- 29 May 2026
- 30 May 2025
- 26 Jun 2026
- 9 Feb 2026
- 26 Jun 2025
- 15 Nov 2024
- 29 Jun 2024
- General announcements 7 Oct 2026
- General announcements 7 Oct 2026
Frequently Asked Questions about NCL Industries
What does NCL Industries Ltd do?
Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects
Where is NCL Industries Ltd (NCLIND) listed?
NCL Industries Ltd trades as NCLIND on the NSE and under code 502168 on the BSE.
Which sector does NCL Industries Ltd belong to?
NCL Industries Ltd is classified under the Construction sector, in the Cement industry.
What is the PE ratio of NCL Industries Ltd?
NCL Industries Ltd trades at a PE ratio of 8.00 as of 4 Nov 2026, on earnings per share of ₹20.41, against a book value of ₹207.86 per share.
What is the 52-week high and low of NCL Industries Ltd?
Over the last 52 weeks NCL Industries Ltd has traded between ₹147.5 and ₹214.8 as of 4 Nov 2026.
Does NCL Industries Ltd pay dividends?
NCL Industries Ltd has a dividend yield of 2.17%.
What is the Return on Equity (ROE) of NCL Industries Ltd?
NCL Industries Ltd reported a return on equity of 11.30%. Its debt-to-equity ratio is 0.25.
Company Information
Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects
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