NCL Industries Ltd.
•₹ 174-0.03%
2026-08-21
PROS
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.92x)
- Company has been maintaining a healthy dividend payout of 53.9%
- Working capital cycle has improved - days down from 20 to 12
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (57.8% of PBT)
- Company has a low return on equity of 6.8% over last 3 years
- Company has a low return on capital employed of 11.3%
- Company has delivered a poor profit growth of -13.1% over past five years
- Company has delivered a poor sales growth of 3.6% over past five years
- Operating margins have contracted to 6.1% from 9.7%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ULTRACEMCO | 11460.00 | 39.55 | 337702.33 | 2.09 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| 2. | AMBUJACEM | 406.00 | 23.05 | 100883.58 | 0.49 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| 3. | SHREECEM | 24360.00 | 53.92 | 87892.70 | 0.62 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| 4. | JKCEMENT | 5280.65 | 43.15 | 40802.66 | 0.38 | 274.62 | -15.31 | 4031.72 | 20.26 | 14.89 | 16.07 |
| 5. | DALBHARAT | 1875.00 | 37.69 | 35168.62 | 0.48 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| 6. | ACC | 1289.40 | 12.69 | 24213.29 | 0.58 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| 7. | RAMCOCEM | 900.85 | 33.01 | 21286.40 | 0.28 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| 8. | JSWCEMENT | 123.95 | 22.22 | 16898.91 | 0.40 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| 9. | NUVOCO | 318.90 | 29.51 | 11389.71 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| 10. | INDIACEM | 366.40 | 122.77 | 11354.63 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| 11. | STARCEMENT | 194.00 | 21.21 | 7841.10 | 0.52 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| 12. | NCLIND | 172.90 | 8.45 | 782.07 | 2.02 | 17.38 | -14.26 | 343.67 | 1.54 | 6.20 | 11.53 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 401 | 391 | 433 | 419 | 355 | 330 | 341 | 375 | 338 | 345 | 343 | 400 | 344 | |
| 338 | 352 | 376 | 370 | 319 | 297 | 322 | 352 | 288 | 296 | 307 | 349 | 324 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 5 | 4 | 3 | 7 | 4 | 3 | 5 | 9 | 4 | 8 | 8 | 12 | 4 |
| Interest | 5 | 7 | 6 | 5 | 6 | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 6 |
| Depreciation | 13 | 14 | 13 | 16 | 13 | 15 | 14 | 14 | 13 | 13 | 15 | 15 | 15 |
| 49 | 23 | 41 | 34 | 21 | 7 | 5 | 14 | 36 | 29 | 23 | 43 | 24 | |
| Tax % | 37.30% | 39.49% | 40.18% | 28.55% | 39.84% | 63.20% | 43.98% | 29.16% | 43.82% | 31.72% | 43.30% | -53.66% | 26.08% |
| Net Profit | 0 | 0 | 0 | 0 | 13 | 3 | 3 | 7 | 20 | 20 | 13 | 42 | 17 |
| 7 | 3 | 5 | 5 | 3 | 1 | 1 | 2 | 4 | 4 | 3 | 15 | 0 | |
| Equity Capital | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 401
- 338
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 5
- Depreciation
- 13
- 49
- Tax %
- 37.30%
- Net Profit
- 0
- 7
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 391
- 352
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 7
- Depreciation
- 14
- 23
- Tax %
- 39.49%
- Net Profit
- 0
- 3
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 433
- 376
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 6
- Depreciation
- 13
- 41
- Tax %
- 40.18%
- Net Profit
- 0
- 5
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 419
- 370
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 5
- Depreciation
- 16
- 34
- Tax %
- 28.55%
- Net Profit
- 0
- 5
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 355
- 319
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 13
- 21
- Tax %
- 39.84%
- Net Profit
- 13
- 3
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 330
- 297
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 15
- 7
- Tax %
- 63.20%
- Net Profit
- 3
- 1
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 341
- 322
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 5
- Depreciation
- 14
- 5
- Tax %
- 43.98%
- Net Profit
- 3
- 1
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 375
- 352
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 5
- Depreciation
- 14
- 14
- Tax %
- 29.16%
- Net Profit
- 7
- 2
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 338
- 288
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 5
- Depreciation
- 13
- 36
- Tax %
- 43.82%
- Net Profit
- 20
- 4
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 345
- 296
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 4
- Depreciation
- 13
- 29
- Tax %
- 31.72%
- Net Profit
- 20
- 4
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 343
- 307
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 5
- Depreciation
- 15
- 23
- Tax %
- 43.30%
- Net Profit
- 13
- 3
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 400
- 349
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 5
- Depreciation
- 15
- 43
- Tax %
- -53.66%
- Net Profit
- 42
- 15
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 344
- 324
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 15
- 24
- Tax %
- 26.08%
- Net Profit
- 17
- 0
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 45
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,270 | 1,184 | 1,749 | 2,046 | 2,044 | 1,643 | 1,411 | 1,431 | |
| 1,133 | 1,044 | 1,466 | 1,839 | 1,896 | 1,443 | 1,303 | 1,276 | |
| Operating Profit | 143 | 144 | 291 | 219 | 167 | 227 | 133 | — |
| OPM % | 11 | 12 | 17 | 11 | 8 | 14 | 9 | — |
| Other Income | 6 | 3 | 8 | 11 | 19 | 26 | 25 | 31 |
| Interest | 37 | 32 | 22 | 25 | 27 | 24 | 23 | 20 |
| Depreciation | 45 | 42 | 44 | 47 | 49 | 56 | 57 | 59 |
| 61 | 69 | 225 | 146 | 91 | 147 | 43 | 119 | |
| Tax % | 23 | 27 | 35 | 35 | 51 | 36 | 41 | 2 |
| Net Profit | 47 | 51 | 145 | 94 | 44 | 93 | 25 | 117 |
| EPS | 10 | 11 | 33 | 21 | 9 | 21 | 6 | — |
| Dividend Payout % | 24 | 22 | 13 | 14 | 32 | 19 | 54 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 10 | 11 | 32 | 21 | 9 | 21 | 6 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 10 | 11 | 32 | 21 | 9 | 21 | 6 | — |
Mar 2019
- 1,270
- 1,133
- Operating Profit
- 143
- OPM %
- 11
- Other Income
- 6
- Interest
- 37
- Depreciation
- 45
- 61
- Tax %
- 23
- Net Profit
- 47
- EPS
- 10
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2020
- 1,184
- 1,044
- Operating Profit
- 144
- OPM %
- 12
- Other Income
- 3
- Interest
- 32
- Depreciation
- 42
- 69
- Tax %
- 27
- Net Profit
- 51
- EPS
- 11
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2021
- 1,749
- 1,466
- Operating Profit
- 291
- OPM %
- 17
- Other Income
- 8
- Interest
- 22
- Depreciation
- 44
- 225
- Tax %
- 35
- Net Profit
- 145
- EPS
- 33
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 32
Mar 2022
- 2,046
- 1,839
- Operating Profit
- 219
- OPM %
- 11
- Other Income
- 11
- Interest
- 25
- Depreciation
- 47
- 146
- Tax %
- 35
- Net Profit
- 94
- EPS
- 21
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2023
- 2,044
- 1,896
- Operating Profit
- 167
- OPM %
- 8
- Other Income
- 19
- Interest
- 27
- Depreciation
- 49
- 91
- Tax %
- 51
- Net Profit
- 44
- EPS
- 9
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2024
- 1,643
- 1,443
- Operating Profit
- 227
- OPM %
- 14
- Other Income
- 26
- Interest
- 24
- Depreciation
- 56
- 147
- Tax %
- 36
- Net Profit
- 93
- EPS
- 21
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2025
- 1,411
- 1,303
- Operating Profit
- 133
- OPM %
- 9
- Other Income
- 25
- Interest
- 23
- Depreciation
- 57
- 43
- Tax %
- 41
- Net Profit
- 25
- EPS
- 6
- Dividend Payout %
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
TTM
- 1,431
- 1,276
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 20
- Depreciation
- 59
- 119
- Tax %
- 2
- Net Profit
- 117
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 4%
- 3 Years:
- -12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -13%
- 3 Years:
- -35%
STOCK PRICE CAGR
- 10 Years:
- 4%
- 5 Years:
- -7%
- 3 Years:
- -8%
- 1 Year:
- -21%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 7%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - |
| Equity Capital | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| 454 | 483 | 619 | 696 | 725 | 804 | 813 | |
| 79 | 122 | 64 | 37 | 58 | 2 | 29 | |
| Trade Payables | 72 | 66 | 73 | 71 | 90 | 90 | 151 |
| 461 | 456 | 563 | 667 | 631 | 632 | 606 | |
| Total Liabilities | 1,112 | 1,172 | 1,366 | 1,516 | 1,548 | 1,572 | 1,645 |
| ASSETS | - | - | - | - | - | - | - |
| 658 | 695 | 820 | 802 | 1,006 | 1,000 | 953 | |
| Capital Work in Progress | 90 | 90 | 61 | 171 | 28 | 39 | 148 |
| 0 | 0 | 0 | 20 | 5 | 4 | 4 | |
| 85 | 110 | 105 | 129 | 150 | 177 | 248 | |
| 0 | 0 | 0 | 0 | 0 | 143 | 136 | |
| Cash & Bank | 22 | 19 | 68 | 11 | 40 | 54 | 22 |
| 256 | 258 | 312 | 383 | 319 | 156 | 134 | |
| Total Assets | 1,112 | 1,172 | 1,366 | 1,516 | 1,548 | 1,572 | 1,645 |
| Total Debt | 294 | 320 | 301 | 335 | 268 | 195 | 228 |
| Net Working Capital | 11 | -21 | 32 | 105 | 95 | 115 | 57 |
| Contingent Liabilities | 7 | 32 | 49 | 60 | 118 | 121 | 114 |
| Book Value per Share | 110.38 | 116.83 | 146.95 | 163.78 | 170.20 | 187.72 | 189.74 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 294 | 320 | 301 | 335 | 268 | 195 | 228 |
| Net Working Capital | 11 | -21 | 32 | 105 | 95 | 115 | 57 |
| Contingent Liabilities | 7 | 32 | 49 | 60 | 118 | 121 | 114 |
| Book Value per Share | 110.38 | 116.83 | 146.95 | 163.78 | 170.20 | 187.72 | 189.74 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2019
- Equity Capital
- 45
- 454
- 79
- Trade Payables
- 72
- 461
- Total Liabilities
- 1,112
- 658
- Capital Work in Progress
- 90
- 0
- 85
- 0
- Cash & Bank
- 22
- 256
- Total Assets
- 1,112
- Total Debt
- 294
- Net Working Capital
- 11
- Contingent Liabilities
- 7
- Book Value per Share
- 110.38
- Face Value
- 10.00
- Total Debt
- 294
- Net Working Capital
- 11
- Contingent Liabilities
- 7
- Book Value per Share
- 110.38
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 45
- 483
- 122
- Trade Payables
- 66
- 456
- Total Liabilities
- 1,172
- 695
- Capital Work in Progress
- 90
- 0
- 110
- 0
- Cash & Bank
- 19
- 258
- Total Assets
- 1,172
- Total Debt
- 320
- Net Working Capital
- -21
- Contingent Liabilities
- 32
- Book Value per Share
- 116.83
- Face Value
- 10.00
- Total Debt
- 320
- Net Working Capital
- -21
- Contingent Liabilities
- 32
- Book Value per Share
- 116.83
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 45
- 619
- 64
- Trade Payables
- 73
- 563
- Total Liabilities
- 1,366
- 820
- Capital Work in Progress
- 61
- 0
- 105
- 0
- Cash & Bank
- 68
- 312
- Total Assets
- 1,366
- Total Debt
- 301
- Net Working Capital
- 32
- Contingent Liabilities
- 49
- Book Value per Share
- 146.95
- Face Value
- 10.00
- Total Debt
- 301
- Net Working Capital
- 32
- Contingent Liabilities
- 49
- Book Value per Share
- 146.95
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 45
- 696
- 37
- Trade Payables
- 71
- 667
- Total Liabilities
- 1,516
- 802
- Capital Work in Progress
- 171
- 20
- 129
- 0
- Cash & Bank
- 11
- 383
- Total Assets
- 1,516
- Total Debt
- 335
- Net Working Capital
- 105
- Contingent Liabilities
- 60
- Book Value per Share
- 163.78
- Face Value
- 10.00
- Total Debt
- 335
- Net Working Capital
- 105
- Contingent Liabilities
- 60
- Book Value per Share
- 163.78
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 45
- 725
- 58
- Trade Payables
- 90
- 631
- Total Liabilities
- 1,548
- 1,006
- Capital Work in Progress
- 28
- 5
- 150
- 0
- Cash & Bank
- 40
- 319
- Total Assets
- 1,548
- Total Debt
- 268
- Net Working Capital
- 95
- Contingent Liabilities
- 118
- Book Value per Share
- 170.20
- Face Value
- 10.00
- Total Debt
- 268
- Net Working Capital
- 95
- Contingent Liabilities
- 118
- Book Value per Share
- 170.20
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 45
- 804
- 2
- Trade Payables
- 90
- 632
- Total Liabilities
- 1,572
- 1,000
- Capital Work in Progress
- 39
- 4
- 177
- 143
- Cash & Bank
- 54
- 156
- Total Assets
- 1,572
- Total Debt
- 195
- Net Working Capital
- 115
- Contingent Liabilities
- 121
- Book Value per Share
- 187.72
- Face Value
- 10.00
- Total Debt
- 195
- Net Working Capital
- 115
- Contingent Liabilities
- 121
- Book Value per Share
- 187.72
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 45
- 813
- 29
- Trade Payables
- 151
- 606
- Total Liabilities
- 1,645
- 953
- Capital Work in Progress
- 148
- 4
- 248
- 136
- Cash & Bank
- 22
- 134
- Total Assets
- 1,645
- Total Debt
- 228
- Net Working Capital
- 57
- Contingent Liabilities
- 114
- Book Value per Share
- 189.74
- Face Value
- 10.00
- Total Debt
- 228
- Net Working Capital
- 57
- Contingent Liabilities
- 114
- Book Value per Share
- 189.74
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 71 | 106 | 238 | 75 | 206 | 183 | 86 | |
| Cash from Investing | -69 | -78 | -136 | -139 | -94 | -59 | -111 |
| Cash from Financing | 4 | -31 | -52 | 7 | -83 | -110 | -5 |
| 6 | -4 | 50 | -58 | 29 | 13 | -30 | |
| Free Cash Flow | 71 | 27 | 81 | -64 | 117 | 134 | -26 |
| OCF / Net Profit | 1.51 | 2.08 | 1.64 | 0.79 | 4.65 | 1.96 | 3.42 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 296 | 243 |
| OCF / Net Profit | 1.51 | 2.08 | 1.64 | 0.79 | 4.65 | 1.96 | 3.42 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 296 | 243 |
Mar 2019
- 71
- Cash from Investing
- -69
- Cash from Financing
- 4
- 6
- Free Cash Flow
- 71
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
Mar 2020
- 106
- Cash from Investing
- -78
- Cash from Financing
- -31
- -4
- Free Cash Flow
- 27
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 0
Mar 2021
- 238
- Cash from Investing
- -136
- Cash from Financing
- -52
- 50
- Free Cash Flow
- 81
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
Mar 2022
- 75
- Cash from Investing
- -139
- Cash from Financing
- 7
- -58
- Free Cash Flow
- -64
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 0
Mar 2023
- 206
- Cash from Investing
- -94
- Cash from Financing
- -83
- 29
- Free Cash Flow
- 117
- OCF / Net Profit
- 4.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.65
- Cumulative 5-Year FCF
- 0
Mar 2024
- 183
- Cash from Investing
- -59
- Cash from Financing
- -110
- 13
- Free Cash Flow
- 134
- OCF / Net Profit
- 1.96
- Cumulative 5-Year FCF
- 296
- OCF / Net Profit
- 1.96
- Cumulative 5-Year FCF
- 296
Mar 2025
- 86
- Cash from Investing
- -111
- Cash from Financing
- -5
- -30
- Free Cash Flow
- -26
- OCF / Net Profit
- 3.42
- Cumulative 5-Year FCF
- 243
- OCF / Net Profit
- 3.42
- Cumulative 5-Year FCF
- 243
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - |
| EPS (₹) | 10.34 | 11.27 | 31.94 | 20.70 | 9.42 | 20.61 | 5.57 |
| Book Value (₹) | 110.38 | 116.83 | 146.95 | 163.78 | 170.20 | 187.72 | 189.74 |
| Dividend per Share (₹) | 2.50 | 2.50 | 4.00 | 3.00 | 3.00 | 4.00 | 3.00 |
| Cash EPS (₹) | 20.37 | 20.55 | 41.94 | 31.18 | 20.66 | 33.00 | 18.09 |
| PROFITABILITY | - | - | - | - | - | - | - |
| Operating Margin % | 9.79% | 10.87% | 15.03% | 9.70% | 7.24% | 9.63% | 6.09% |
| Net Margin % | 3.20% | 3.85% | 7.52% | 4.19% | 1.92% | 4.48% | 1.42% |
| ROE % | 9.39% | 9.89% | 24.38% | 13.43% | 5.86% | 11.52% | 2.95% |
| ROCE % | 12.36% | 12.37% | 27.18% | 16.78% | 11.18% | 16.40% | 6.20% |
| 4.22% | 4.45% | 11.46% | 6.55% | 2.89% | 5.97% | 1.57% | |
| EFFICIENCY | - | - | - | - | - | - | - |
| Debtor Days | 38 | 41 | 23 | 22 | 25 | 25 | 29 |
| Inventory Days | 21 | 27 | 20 | 19 | 22 | 29 | 44 |
| Payable Days | 184 | 207 | 115 | 105 | 129 | 110 | 141 |
| -125 | -139 | -71 | -63 | -82 | -56 | -68 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.59x | 0.61x | 0.45x | 0.45x | 0.35x | 0.23x | 0.27x |
| Interest Coverage (x) | 2.65x | 3.13x | 11.21x | 6.79x | 4.39x | 7.08x | 2.84x |
| 1.03x | 0.94x | 1.08x | 1.27x | 1.26x | 1.32x | 1.14x | |
| GROWTH | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | -6.78% | 47.70% | 16.96% | -0.07% | -19.62% | -14.15% |
| Operating Profit Growth % | 0.00% | 0.24% | 102.32% | -24.85% | -23.43% | 35.58% | -41.51% |
| Net Profit Growth % | 0.00% | 8.49% | 186.08% | -35.13% | -53.06% | 110.49% | -72.97% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 118.69% | -72.97% | |
| VALUATION | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.95x | 32.73x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.98x | 0.96x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.17% | 1.65% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.30x | 7.77x |
Mar 2019
- EPS (₹)
- 10.34
- Book Value (₹)
- 110.38
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 20.37
- Operating Margin %
- 9.79%
- Net Margin %
- 3.20%
- ROE %
- 9.39%
- ROCE %
- 12.36%
- 4.22%
- Debtor Days
- 38
- Inventory Days
- 21
- Payable Days
- 184
- -125
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 2.65x
- 1.03x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 11.27
- Book Value (₹)
- 116.83
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 20.55
- Operating Margin %
- 10.87%
- Net Margin %
- 3.85%
- ROE %
- 9.89%
- ROCE %
- 12.37%
- 4.45%
- Debtor Days
- 41
- Inventory Days
- 27
- Payable Days
- 207
- -139
- Debt to Equity (x)
- 0.61x
- Interest Coverage (x)
- 3.13x
- 0.94x
- Revenue Growth %
- -6.78%
- Operating Profit Growth %
- 0.24%
- Net Profit Growth %
- 8.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 31.94
- Book Value (₹)
- 146.95
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 41.94
- Operating Margin %
- 15.03%
- Net Margin %
- 7.52%
- ROE %
- 24.38%
- ROCE %
- 27.18%
- 11.46%
- Debtor Days
- 23
- Inventory Days
- 20
- Payable Days
- 115
- -71
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 11.21x
- 1.08x
- Revenue Growth %
- 47.70%
- Operating Profit Growth %
- 102.32%
- Net Profit Growth %
- 186.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 20.70
- Book Value (₹)
- 163.78
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 31.18
- Operating Margin %
- 9.70%
- Net Margin %
- 4.19%
- ROE %
- 13.43%
- ROCE %
- 16.78%
- 6.55%
- Debtor Days
- 22
- Inventory Days
- 19
- Payable Days
- 105
- -63
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 6.79x
- 1.27x
- Revenue Growth %
- 16.96%
- Operating Profit Growth %
- -24.85%
- Net Profit Growth %
- -35.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 9.42
- Book Value (₹)
- 170.20
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 20.66
- Operating Margin %
- 7.24%
- Net Margin %
- 1.92%
- ROE %
- 5.86%
- ROCE %
- 11.18%
- 2.89%
- Debtor Days
- 25
- Inventory Days
- 22
- Payable Days
- 129
- -82
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 4.39x
- 1.26x
- Revenue Growth %
- -0.07%
- Operating Profit Growth %
- -23.43%
- Net Profit Growth %
- -53.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 20.61
- Book Value (₹)
- 187.72
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 33.00
- Operating Margin %
- 9.63%
- Net Margin %
- 4.48%
- ROE %
- 11.52%
- ROCE %
- 16.40%
- 5.97%
- Debtor Days
- 25
- Inventory Days
- 29
- Payable Days
- 110
- -56
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 7.08x
- 1.32x
- Revenue Growth %
- -19.62%
- Operating Profit Growth %
- 35.58%
- Net Profit Growth %
- 110.49%
- 118.69%
- P/E (x)
- 8.95x
- P/B (x)
- 0.98x
- Dividend Yield %
- 2.17%
- 4.30x
Mar 2025
- EPS (₹)
- 5.57
- Book Value (₹)
- 189.74
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 18.09
- Operating Margin %
- 6.09%
- Net Margin %
- 1.42%
- ROE %
- 2.95%
- ROCE %
- 6.20%
- 1.57%
- Debtor Days
- 29
- Inventory Days
- 44
- Payable Days
- 141
- -68
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 2.84x
- 1.14x
- Revenue Growth %
- -14.15%
- Operating Profit Growth %
- -41.51%
- Net Profit Growth %
- -72.97%
- -72.97%
- P/E (x)
- 32.73x
- P/B (x)
- 0.96x
- Dividend Yield %
- 1.65%
- 7.77x
Documents
Announcements
- Loss of Share Certificates
2026-08-20 - NCL Industries Limited has informed the Exchange about Loss of Share Certificates
- Loss of Share Certificates
2026-08-14 - NCL Industries Limited has informed the Exchange about Loss of Share Certificates
Annual Reports
Credit Ratings
- Credit Rating
2026-06-29 - NCL Industries Limited has informed the Exchange about Credit Rating