North Eastern Carrying Corporation Ltd.

•

neccgroup.comBSE: 534615NSE: NECCLTD

Market Cap₹ 202 Cr.

Current Price

High / Low₹ 24 / 11

Stock P/E25.3

Book Value₹ 23

Price to Book0.47

Dividend Yield0.00 %

ROCE6.2 %

ROE3.5 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 40.2% CAGR over last 5 years

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (59.1% of PBT)
Company has a low return on equity of 4.6% over last 3 years
Company has a low return on capital employed of 6.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.94x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	499.80	30.65	38065.66	1.72	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	438.60	351.36	32864.05	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.25	133.05	14862.94	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	629.05	67.88	11459.23	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	859.95	14.47	6607.09	1.16	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	130.35	88.81	5751.35	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.88	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	396.65	102.33	3937.84	0.63	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	24.08	47.98	3712.96	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.34	10.91	2665.10	6.09	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	513.50	23.94	1974.11	1.36	20.49	5.24	313.40	9.29	13.92	10.03
12.	NECCLTD	19.35	45.60	202.21	0.00	2.01	13.03	75.59	9.38	6.18	5.93

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	84	74	86	92	78	82	81	88	69	71	72	96	76
	79	69	79	87	70	75	76	86	64	68	65	94	74
Operating Profit	5	5	6	5	8	7	5	2	5	3	7	2	2
OPM %	5.66%	6.51%	7.54%	5.17%	9.79%	7.99%	6.56%	2.84%	7.70%	4.01%	9.20%	2.23%	2.15%
	0	0	0	1	0	0	0	0	0	3	1	2	2
Interest	2	2	3	2	2	2	2	1	2	2	2	2	2
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	2	2	3	3	5	4	3	1	2	3	5	1	3
Tax %	25.50%	45.24%	18.77%	3.69%	30.23%	28.61%	33.22%	-112.05%	25.83%	31.32%	27.37%	18.60%	38.88%
Net Profit	1	1	3	3	4	3	2	2	2	2	3	1	2
	0.30	0.16	0.26	0.30	0.38	0.29	0.20	0.18	0.18	0.19	0.34	0.08	0.18

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	548	385	343	376	231	250	306	335	329	308	315
	528	369	328	359	221	235	286	314	306	290	301
Operating Profit	20	16	15	17	10	15	20	21	23	18	13
OPM %	3.57%	4.05%	4.33%	4.64%	4.18%	6.11%	6.57%	6.32%	6.86%	5.79%	4.21%
	1	1	1	2	2	0	0	2	1	6	8
Interest	9	7	6	7	7	6	8	9	8	10	9
Depreciation	3	3	3	3	3	4	3	3	3	3	3
Profit before Tax	9	6	7	9	1	6	9	10	13	11	12
Tax %	37.82%	35.55%	35.49%	27.02%	-21.05%	25.13%	38.60%	21.11%	21.36%	27.34%	30.90%
Net Profit	6	4	5	6	1	4	6	8	10	8	8
EPS	1.12	1.12	0.90	1.27	0.28	0.85	1.15	0.84	1.03	0.78	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -5%
5 Years:: 6%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 3%
5 Years:: 40%
3 Years:: 10%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 5%
3 Years:: 5%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	50	50	50	50	50	50	50	95	100	100
	28	32	37	43	45	49	55	99	119	127
	83	54	72	76	86	101	119	103	106	124
Trade Payables	2	2	3	6	4	4	3	3	6	4
	13	15	20	24	11	13	16	16	14	16
Total Liabilities	176	154	182	199	196	217	243	316	344	372
	18	19	20	17	14	13	14	13	8	24
Capital Work in Progress	0	0	0	0	0	0	0	0	4	0
	0	0	0	0	0	0	0	5	5	9
	0	0	0	0	0	0	0	120	125	130
Cash & Bank	4	5	6	6	6	8	8	21	16	10
	154	130	155	176	176	196	221	157	186	200
Total Assets	176	154	182	199	196	217	243	316	344	372

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	36	-10	-1	-11	-8	-12	-46	-21	-9
Cash from Investing	-3	-3	-4	-0	0	-2	-3	-6	-2	-16
Cash from Financing	5	-30	19	4	10	15	18	65	17	19
	0	1	1	-0	-0	2	0	13	-6	-6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.19	54.19	54.19	54.19	54.19	54.19	54.19	56.16
	0.01	0.04	0.00	0.00	0.02	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	45.80	45.77	45.80	45.81	45.79	45.81	45.81	43.84

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Shareholders meeting

2026-09-11 - North Eastern Carrying Corporation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 10, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-10

Shareholders meeting

2026-09-10 - North Eastern Carrying Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 10, 2026

2026-09-03

General Updates

2026-09-03 - North Eastern Carrying Corporation Limited has informed the Exchange about General Updates - clarification in relation to Annual General Meeting Notice circulated on August 14, 2026 and Corrigendum issued thereto.

2026-09-03

General Updates

2026-09-03 - North Eastern Carrying Corporation Limited has informed the Exchange about General Updates - Disclosure under Reg. 7(2)(b) of SEBI(PIT) Regulations, 2015

2026-08-29

General Updates

2026-08-29 - North Eastern Carrying Corporation Limited has informed the Exchange about General Updates

2026-08-26

Copy of Newspaper Publication

2026-08-26 - North Eastern Carrying Corporation Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-25

Shareholders meeting

2026-08-25 - North Eastern Carrying Corporation Limited has informed the Exchange regarding Corrigendum to the Notice of Annual General Meeting to be held on September 10, 2026

2026-08-21

Record Date

2026-08-21 - North Eastern Carrying Corporation Limited has informed the Exchange that Record date for the purpose of Annual General Meeting is 03-Sep-2026.

2026-08-18

Copy of Newspaper Publication

2026-08-18 - North Eastern Carrying Corporation Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for NECCLTD

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North Eastern Carrying Corporation Ltd.

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Free 5nance Account

Name

CONCOR

499.80

30.65

38065.66

1.72

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

438.60

351.36

32864.05

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.25

133.05

14862.94

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

629.05

67.88

11459.23

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

859.95

14.47

6607.09

1.16

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

130.35

88.81

5751.35

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.88

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

396.65

102.33

3937.84

0.63

27.83

394.81

2002.88

23.29

10.40

5.76

SINDHUTRAD

24.08

47.98

3712.96

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.34

10.91

2665.10

6.09

512.68

724.44

5492.97

897.94

17.99

21.31

TCIEXP

513.50

23.94

1974.11

1.36

20.49

5.24

313.40

9.29

13.92

10.03

NECCLTD

19.35

45.60

202.21

0.00

2.01

13.03

75.59

9.38

6.18

5.93

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

Operating Profit

OPM %

5.66%

6.51%

7.54%

5.17%

9.79%

7.99%

6.56%

2.84%

7.70%

4.01%

9.20%

2.23%

2.15%

Interest

Depreciation

Profit before Tax

Tax %

25.50%

45.24%

18.77%

3.69%

30.23%

28.61%

33.22%

-112.05%

25.83%

31.32%

27.37%

18.60%

38.88%

Net Profit

0.30

0.16

0.26

0.30

0.38

0.29

0.20

0.18

0.19

0.34

0.08

0.18

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

548

385

343

376

231

250

306

335

329

308

315

528

369

328

359

221

235

286

314

306

290

301

Operating Profit

OPM %

3.57%

4.05%

4.33%

4.64%

4.18%

6.11%

6.57%

6.32%

6.86%

5.79%

4.21%

Interest

Depreciation

Profit before Tax

Tax %

37.82%

35.55%

35.49%

27.02%

-21.05%

25.13%

38.60%

21.11%

21.36%

27.34%

30.90%

Net Profit

EPS

1.12

0.90

1.27

0.28

0.85

1.15

0.84

1.03

0.78

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

100

119

127

101

119

103

106

124

Trade Payables

Total Liabilities

176

154

182

199

196

217

243

316

344

372

Capital Work in Progress

120

125

130

Cash & Bank

154

130

155

176

196

221

157

186

200

Total Assets

176

154

182

199

196

217

243

316

344

372

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-10

-1

-11

-8

-12

-46

-21

-9

Cash from Investing

-3

-4

-0

-2

-3

-6

-2

-16

Cash from Financing

-30

-0

-6

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

54.19

56.16

0.01

0.04

0.00

0.02

0.00

DIIs

0.00

Government

0.00

45.80

45.77

45.80

45.81

45.79

45.81

43.84

North Eastern Carrying Corporation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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North Eastern Carrying Corporation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI