NCL Industries Ltd - Stock Valuation and Financial Performance

BSE: 502168 | NSE: NCLIND | Cement & Construction Materials | Small Cap

NCL Industries Share Price

184.75 0.80 0.43%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on NCL Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

NCL Industries stock performance -

mw4me loader
P/E Ratio (SA):
10.29
Market Cap:
832.1 Cr.
52-wk low:
173.7
52-wk high:
258.3

Is NCL Industries Ltd an attractive stock to invest in?

1. Is NCL Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that NCL Industries Ltd is a average quality company.

2. Is NCL Industries Ltd undervalued or overvalued?

The key valuation ratios of NCL Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is NCL Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NCL Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of NCL Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NCL Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -3.2%10.1%20.9%16.4%11.4%9.7%8.9%18%11.4%6.1%-
Value Creation
Index
-1.2-0.30.50.2-0.2-0.3-0.40.3-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4586007508681,1161,2701,1841,7492,0462,0441,811
Sales YoY Gr.-31%25.1%15.8%28.5%13.8%-6.8%47.7%17%-0.1%-
Adj EPS -11.72.514.714.910.510.211.232.821.41017.9
YoY Gr.-NA479.9%1%-29.2%-3%9.4%193.2%-34.5%-53.2%-
BVPS (₹) 39.842.553.661.7101.9110.4116.8147164.5171.3185.3
Adj Net
Profit
-40.88.954.154.747.646.250.51489745.481
Cash Flow from Ops. -255.713018.215670.9106237106211-
Debt/CF from Ops. -109.43.21.617.21.54.231.32.91.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.1%12.9%20%-0.1%
Adj EPS NA-1%-3.5%-53.2%
BVPS17.6%10.9%13.6%4.1%
Share Price 24.3% 5.2% 4.7% 4.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-25.663125.813.99.69.824.813.8610
Op. Profit
Mgn %
6.111.616.213.21210.811.916.210.27.310.9
Net Profit
Mgn %
-8.91.57.26.34.33.64.38.54.72.24.5
Debt to
Equity
1.61.211.40.50.60.60.50.40.4-
Working Cap
Days
9879697066729874757844
Cash Conv.
Cycle
292125202130442627329

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.96%

Sales growth is good in last 4 quarters at 12.24%

Return on Equity has declined versus last 3 years average to 10.00%

Net Profit has been subdued in last 3 years -3.52%

Latest Financials - NCL Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 17.9 17.5
TTM Sales (₹ Cr.) 1,811 1,811
BVPS (₹.) 185.3 184
Reserves (₹ Cr.) 793 787
P/BV 0.99 1.00
PE 10.29 10.53
From the Market
52 Week Low / High (₹) 173.65 / 258.25
All Time Low / High (₹) 1.71 / 310.00
Market Cap (₹ Cr.) 832
Equity (₹ Cr.) 45.2
Face Value (₹) 10
Industry PE 40.8

Management X-Ray of NCL Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.486.447.447.338.529.649.189.9319.9920.01
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NCL Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4586007508681,1161,2701,1841,7492,0462,044
Operating Expenses 4305306287539821,1331,0441,4651,8381,895
Manufacturing Costs194228249280356411347403555680
Material Costs8095103130120144122221252228
Employee Cost 20232831353942505760
Other Costs 135184249312470540533791974928
Operating Profit 2870122115134137140284208149
Operating Profit Margin (%) 6.1%11.6%16.2%13.2%12.0%10.8%11.9%16.2%10.2%7.3%
Other Income 663476371119
Interest 41373132323732222527
Depreciation 31262525354542414548
Exceptional Items 00-20000000
Profit Before Tax -3812676274616922815093
Tax 33147251418795247
Profit After Tax -41953554947511499846
PAT Margin (%) -8.9%1.5%7.1%6.3%4.4%3.7%4.3%8.5%4.8%2.2%
Adjusted EPS (₹)-11.72.614.514.910.910.411.232.921.710.2
Dividend Payout Ratio (%)0%0%14%17%23%24%22%12%14%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 139149197227461499528665744775
Share Capital 35353737454545454545
Reserves 104114160190416454483620699730
Minority Interest0000000000
Debt201156102304219266287266250208
Long Term Debt12410045277205187165237213208
Short Term Debt77565627147912230370
Trade Payables50502845487266737190
Others Liabilities 217236296222250274291361452492
Total Liabilities 6075906237989781,1121,1721,3651,5171,564

Fixed Assets

Gross Block6616616714117527638429981,0041,264
Accumulated Depreciation2312552792560105147209231279
Net Fixed Assets430407392385693658695789773986
CWIP 72111523390906117128
Investments 0000000305035
Inventories576372717985110105129150
Trade Receivables4444534778151143104171155
Cash Equivalents 362112162219681135
Others Assets66677513079105115208212174
Total Assets 6075906237989781,1121,1721,3651,5171,564

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2561301815671106237106211
PBT -3812676274616922614990
Adjustment 31265656668073616975
Changes in Working Capital 5187-8632-53-1816-6688
Tax Paid 00-7-14-15-17-19-67-45-42
Cash Flow From Investing Activity -54-18-161-223-69-78-136-139-103
Capex -80-18-161-223-69-78-136-139-103
Net Investments 0000000000
Others 3500000000
Cash Flow From Financing Activity 7-57-97133704-31-52-25-83
Net Proceeds from Shares 400020200000
Net Proceeds from Borrowing -8-24-5500-18-217110-5
Interest Paid 00-29-30-30-35-30-20-24-26
Dividend Paid 00-4-9-12-8-22-11-18-14
Others 11-33-8172-906542-928-38
Net Cash Flow 0315-946-449-5825
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-25.926.1930.7325.8214.289.769.924.9213.936.06
ROCE (%)0.8614.3926.9219.9517.2513.1712.3727.517.3811.46
Asset Turnover Ratio0.991.321.641.641.51.41.161.521.561.5
PAT to CFO Conversion(x)N/A6.222.450.333.181.512.081.591.084.59
Working Capital Days
Receivable Days26201816172941232226
Inventory Days34282522212027201922
Payable Days209190138102141153207115104129

NCL Industries Ltd Stock News

NCL Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NCL Industries on 28-Mar-2024 16:01 is ₹184.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of NCL Industries stood at ₹832.1.
The latest P/E ratio of NCL Industries as of 28-Mar-2024 16:01 is 10.29.
The latest P/B ratio of NCL Industries as of 28-Mar-2024 16:01 is 0.99.
The 52-week high of NCL Industries is ₹258.2 and the 52-week low is ₹173.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NCL Industries is ₹1,811 ( Cr.) .

About NCL Industries Ltd

NCL Industries Ltd, an ISO 9001:2000 company of NCL Group, made its debut in Indian Industrial scene way back in 1983 by setting up a 200 TPD cement plant at Simhapuri in Nalgonda District, Andhra Pradesh.

The plant was expanded in stages to1800 TPD with a split grinding unit at Kondapally, with this the present capacity increased from 2,97,00 tpa TO 6,30,000 TPA. The Pyro Processing of the kiln is monitored by a latest PLC System. A well equipped laboratory ensures consistency in quality of cement produced in its factory. NCL Group of companies manufactures a range of building materials. The objective of the Group is ‘to provide comfortable housing at an affordable price’.

After establishing the cement plant in 1983 the group has started identifying building materials which are best suited for Indian construction industry .Several units have been established with proven technologies from Europe. All these materials are eco-friendly. The group also has interests in construction, power generation and manufacture of chemicals.

The manufacturing units are located across India and the head office is located in Hyderabad, capital of state of Andhra Pradesh, India. The marketing offices are spread over entire India.

The term 'Nagarjuna Cement' has become a replica for quality, strength, consistency and durability and commands premium, particularly in North Coastal Districts of Andhra Pradesh and is fast spreading into other areas and neighbouring States.

Product range of the company includes:

  • 53 Grade - Ordinary Portland CementHigh Compressive Strength for pre-stressed and pre-cast products.
  • 53S Grade High Compressive Strength for Railway Concrete Sleepers
  • Nagarjuna Super Cement - Portland Pozzolana Cement- Premium Brand Super Cement blended with Fly Ash - for all construction works.

Awards

In 2012  the company was selected for the award of Excellence in Worker’s Welfare (Silver Rolling Trophy) for the year 2010-11.

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