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NCL Industries Ltd

₹ 200-2.18%
16 Jan 4:01 p.m. – close price
🔗nclind.com•BSE: 502168•NSE: NCLIND
Market Cap₹ 905 Cr.
Current Price₹ 200
High / Low₹ 239
Stock P/E16.0
Book Value₹ 198
Dividend Yield1.47 %
ROCE6.71 %
ROE3.41 %
Face Value₹ 10.0
Sales₹ 1,408 Cr.
OPM9.99 %
Mar Cap₹ 905 Cr.

ABOUT

Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects[1]

KEY POINTS

Business Overview:[1][2]NCLIL is a part of the NCL group. Its core operations include the manufacturing of cement, cement particle boards, and Ready-Mix Concrete. The company has 2000 + Dealers / Distributors

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.UltraTech Cem.12372.5549.71364593.300.631237.9875.2319606.9320.3310.8981724.5318.357334.751231.585.095.190.35
2.Grasim Inds2811.4044.14191321.890.361498.0468.2439899.5816.597.50159663.2620.074327.58553.481.921.692.06
3.Ambuja Cements553.2523.69136753.710.362302.28233.649174.4921.4810.5038772.6718.835746.211935.752.507.020.02
4.Shree Cement27778.0058.29100225.130.40309.82303.604761.0717.446.7120146.6523.331718.89308.514.453.970.10
5.J K Cements5892.4544.0345529.940.26159.25275.563019.2017.9313.9912883.1918.561034.93160.537.005.111.00
6.Dalmia BharatLtd2155.5036.3040429.820.41239.00413.043417.0010.695.5814325.0020.131112.86236.002.282.480.40
7.ACC1753.4510.1832927.560.431119.26401.445931.6727.9917.4424060.8314.843230.721119.231.659.460.02
8.NCL Industries200.0516.04904.891.4719.74213.67345.054.446.711407.789.9956.3926.381.021.840.29
–Median: 34 Co.201.030.253068.650.219.92119.45601.6916.986.112503.9711.9865.6922.522.311.460.62

Quarterly Results

Standalone figures in ₹ crores

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
391365419435441391433419355330341383338345
Expenses
358341366396378352376370319297322362288296
Operating Profit
3324533963395749363420215149
Other Income
363854364-7584-2
Profit before tax
1910362749234234217693629
Tax %
34%74%45%60%37%39%40%28%40%62%41%28%44%32%
Net Profit
123201131142524133362020
EPS in Rs
2.760.614.412.396.873.065.555.352.860.590.741.424.474.36

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
5515347508688809809381,7492,0462,0442,1041,7991,408
Expenses
5214636287537468437971,4651,8381,8951,8951,6861,267
Operating Profit
2970122115134137140284208149209113141
Other Income
552476371119181016
Interest
41373132323732222527242421
Depreciation
31262525354542414548565655
Profit before tax
-38126762746169228150931484380
Net Profit
-41953554947511499846942550
EPS in Rs
-11.682.5514.4514.8810.8610.3611.2432.8721.7010.1720.835.6110.99
Dividend Payout %
-9%0%14%17%23%24%1%12%14%30%19%36%–

Compounded Sales Growth

10 Years:13%
5 Years:14%
3 Years:-4%
TTM:-8%

Compounded Profit Growth

10 Years:13%
5 Years:-10%
3 Years:-33%
TTM:-20%

Stock Price CAGR

10 Years:5%
5 Years:7%
3 Years:6%
1 Year:2%

Return on Equity

10 Years:12%
5 Years:11%
3 Years:7%
Last Year:3%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
35353737454545454545454545
Reserves
108118160190416454483620699730810819850
Borrowings
217179202347278336347320335292218252259
Other Liabilities
247258224210224260278314392441469532493
Total Liabilities
6075906237849621,0951,1531,2991,4721,5081,5421,6481,647
Fixed Assets
430407392385693658695789773986969922921
Gross Block
661.35661.47670.82410.51752.39763.43842.351,028.231,004.411,264.421,292.071,294.61–
Accumulated Depreciation
231.41254.71279.2025.1459.88105.03147.06238.79230.94278.86323.04372.74–
CWIP
7211152339090611712839148220
Investments
0000000305035515046
Other Assets
170181221246237346368419477459484528460
Total Assets
6075906237849621,0951,1531,2991,4721,5081,5421,6481,647

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-256130181567110623710620818396
Cash from Investing Activity
-54-18-161-223-69-78-136-139-101-64-111
Cash from Financing Activity
7-57-97133704-31-52-25-83-110-5
Net Cash Flow
-0315-946-449-58249-20

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
293026203256562230252528
Inventory Days
261242256199240214327173186240217290
Days Payable
22619199126146184197121103144110177
Cash Conversion Cycle
6482183931278718675114122132141
Working Capital Days
-62-63-582-5-4-16-81710116
ROCE %
1%14%27%19%16%12%12%27%17%11%16%7%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
46.48%47.13%47.27%44.48%44.48%43.71%42.31%42.08%42.11%42.27%41.02%40.93%40.95%
FIIs
2.33%2.38%3.49%4.23%4.88%5.17%5.41%5.33%5.14%5.24%5.77%4.45%3.95%
DIIs
0.16%0.03%0.03%0.03%0.03%0.03%0.39%0.03%0.03%0.04%0.09%0.09%0.16%
Public
51.01%50.43%49.19%51.25%50.59%51.07%51.88%52.53%52.69%52.43%53.11%54.53%54.92%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

NCL Industries Opens Special Window for Physical Share Transfer Requests

4th April 2026, 3:28 pm

NCL Industries Notifies Stock Exchanges on Lost Share Certificates

2nd April 2026, 8:09 pm

Promoter Group Acquires Small Stake in NCL Industries

27th March 2026, 6:14 pm

Promoter Group Increases Stake in NCL Industries via Open Market Purchase

27th March 2026, 5:39 pm

NCL Industries Notified of Lost Share Certificates; Duplicate Issuance Underway

27th March 2026, 4:58 am

Published by Other Websites

External media mentions & references

Odisha Greenlights ₹44,200 Cr Projects: Adani, Chip Units Lead Investment Surge

22nd February 2026, 1:39 pm

Odisha Approves ₹44,200 Cr Projects, Including Adani Hydropower, Spurs Job Growth

22nd February 2026, 1:36 pm

NCL Industries' Margin Leap: Profit Soars Amidst Stagnant Revenue

13th February 2026, 5:32 pm

India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift

13th February 2026, 8:17 am

IRB Tolls Surge 12%, JFL Adds Stores as Q3 Updates Surface

8th January 2026, 8:17 am

News Articles

Editorial & research coverage

NCL Industries' Margin Leap: Profit Soars Amidst Stagnant Revenue
NCL Industries' Margin Leap: Profit Soars Amidst Stagnant Revenue

13th February 2026, 5:32 pm

India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift
India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift

13th February 2026, 8:17 am

IRB Tolls Surge 12%, JFL Adds Stores as Q3 Updates Surface
IRB Tolls Surge 12%, JFL Adds Stores as Q3 Updates Surface

8th January 2026, 8:17 am

NCL Industries Cement Output Up, But Other Segments Face Steep Declines
NCL Industries Cement Output Up, But Other Segments Face Steep Declines

7th January 2026, 8:02 pm

India's Cement Giants Surge: Q2 Shocks, Analysts Predict 13% Rally!
India's Cement Giants Surge: Q2 Shocks, Analysts Predict 13% Rally!

24th November 2025, 10:25 am

Documents

Announcements

Re-Lodgment Of Transfer Requests Of Physical Shares - Status From 1St December 2025 To 6Th January 2026

10 Jan - RTA: 1 Dec–6 Jan — 4 re-lodgement requests; 1 processed, 1 approved, 3 rejected; average 6 days.

Announcement under Regulation 30 (LODR)-Monthly Business Updates

7 Jan - Q3 Dec 31, 2025: Cement prod 694,854 MT, dispatch 693,229 MT; boards, RMC, doors down; energy 17 MU

Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

5 Jan - Promoter group disclosed open-market share acquisition under SEBI Reg 29(2); letter received, dated 5 Jan 2026.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

5 Jan - Dear Sir/Madam, Please take this intimation on record. Thanks & Regards Company Secretary

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

26 Jun 2025 from crisil

Rating update

15 Nov 2024 from care

Rating update

29 Jun 2024 from crisil

Rating update

23 Aug 2023 from care

Rating update

4 Jul 2023 from crisil

Rating update

21 Apr 2023 from crisil

Concalls

Jul 2024

PPT

Jun 2018

PPT

May 2018

PPT

Stock Analysis

Description

  1. NCL Industries Limited is an Indian company engaged in the manufacturing and sale of cement, ready-mix concrete, and cement particle boards, along with operating renewable energy projects.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. The period for re-lodgement of transfer requests for physical shares was December 1, 2025, to January 6, 2026.

Corporate Announcements

4th Apr 26
Impact Rating: 3
NCL Industries Limited is facilitating physical share transfers via a special window from March 26 to April 7, 2026. A record date of April 2, 2026, is set for dematerialisation.
2nd Apr 26
Impact Rating: 3
NCL Industries Limited has officially informed the Bombay Stock Exchange and National Stock Exchange regarding the process of handling duplicate share certificate requests due to reported losses.
27th Mar 26
Impact Rating: 5
NCL Industries disclosed that its promoter group acquired 400 shares via open market, raising total holdings to 96,399 shares (0.21%) of the company's ₹45.23 crore equity, as per SEBI regulations.
27th Mar 26
Impact Rating: 7
NCL Industries Limited disclosed that promoter group member Kakatiya Industries Private Ltd has acquired shares via open market, increasing their voting rights holding.
26th Mar 26
Impact Rating: 3
NCL Industries Limited was notified by Venture Capital and Corporate Investments Pvt. Ltd. about Vinay Arora losing share certificates for 100 shares, with duplicate issuance now being processed.