Is North Eastern Carrying Corporation a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that North Eastern Carrying Corporation Ltd is a below average quality company .

Is North Eastern Carrying Corporation undervalued or overvalued?

The key valuation ratios of North Eastern Carrying Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is North Eastern Carrying Corporation share price return in the past 10 years?

North Eastern Carrying Corporation Ltd share price has declined -8% annually (CAGR) over the past ten years.

Is North Eastern Carrying Corporation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of North Eastern Carrying Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of North Eastern Carrying Corporation?

The latest standalone P/E ratio of North Eastern Carrying Corporation as of 19-Apr-2024 is 42.67.

What is the P/B ratio of North Eastern Carrying Corporation?

The latest standalone P/B ratio of North Eastern Carrying Corporation as of 19-Apr-2024 is 1.53.

What is the 52-week high and low of North Eastern Carrying Corporation?

The 52-week high of North Eastern Carrying Corporation is Rs. 37.15 and the 52-week low is Rs. 16.11.

North Eastern Carrying Corporation Ltd - Stock Valuation and Financial Performance

Name: North Eastern Carrying Corporation
Brand: North Eastern Carrying Corporation

BSE: 534615 | NSE: NECCLTD | Logistics | Small Cap

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North Eastern Carry. Share Price

₹27.90 0.02 0.07%
as on 19-Apr'24 16:01

10 Year X-Ray of North Eastern Carry.:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9.7%	8.2%	8.4%	7.3%	5.9%	5.5%	7.4%	3.8%	4.4%	5.4%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.4	-0.5	-0.6	-0.6	-0.5	-0.7	-0.7	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	572	531	538	548	385	343	376	231	250	306	317
Sales YoY Gr.	-	-7.2%	1.5%	1.8%	-29.8%	-10.9%	9.7%	-38.7%	8.6%	22.2%	-
Adj EPS ⓘ	1.1	0.9	1	1	0.7	0.8	1.3	0.3	0.7	1.1	0.7
YoY Gr.	-	-22.3%	13.8%	3%	-35.3%	15.2%	68.4%	-79.7%	184.6%	41.9%	-
BVPS (₹) ⓘ	11.4	12.4	13.5	14.5	15.2	16	17.2	17.5	18.3	19.4	18.3
Adj Net Profit ⓘ	6.1	4.7	5.4	5.5	3.6	4.1	6.9	1.4	4	5.7	6
Cash Flow from Ops. ⓘ	-5.9	1.1	2.1	-2	33.5	-12.7	-3.9	-10.5	-10.2	-14.4	-
Debt/CF from Ops. ⓘ	-12.3	70.5	37.5	-41.1	1.6	-5.7	-19.5	-8.2	-9.9	-8.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-6.7%	-4.5%	-6.7%	22.2%
Adj EPS ⓘ	-0.7%	9.7%	-6.4%	41.9%
BVPSⓘ	6.1%	5%	4%	6%
Share Price	-8%	29.3%	55.2%	59.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	10.4	7.3	7.6	7.3	4.4	4.9	7.7	1.5	4.1	5.6	3.5
Op. Profit Mgn % ⓘ	3.8	3.8	3.8	3.6	4.1	4.3	4.8	4.2	6.1	6.6	6.9
Net Profit Mgn % ⓘ	1.1	0.9	1	1	0.9	1.2	1.8	0.6	1.6	1.9	2
Debt to Equity ⓘ	1.2	1.1	1.1	1.1	0.7	0.8	0.8	0.9	1	1.1	-
Working Cap Days ⓘ	80	96	98	100	135	152	161	279	271	249	149
Cash Conv. Cycle ⓘ	67	78	77	80	104	107	105	165	147	128	75

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.50%

Sales growth has been subdued in last 3 years -6.65%

Net Profit has been subdued in last 3 years -6.39%

Debt to equity has increased versus last 3 years average to 1.14

Sales growth is not so good in last 4 quarters at 4.90%

Latest Financials - North Eastern Carrying Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.7	0.5
TTM Sales (₹ Cr.)	317	503
BVPS (₹.) ⓘ	18.3	0
Reserves (₹ Cr.) ⓘ	79	33
P/BV ⓘ	1.53	0.00
PE ⓘ	42.67	60.48

From the Market
52 Week Low / High (₹)	16.11 / 37.15
All Time Low / High (₹)	2.78 / 103.11
Market Cap (₹ Cr.)	268
Equity (₹ Cr.)	96
Face Value (₹)	10
Industry PE ⓘ	35.6

Management X-Ray of North Eastern Carry.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of North Eastern Carry.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of North Eastern Carry.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	572	531	538	548	385	343	376	231	250	306
Operating Expenses ⓘ	550	511	518	528	369	328	359	221	235	286
Manufacturing Costs	530	489	493	501	340	298	325	186	206	255
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	9	10	11	13	13	14	15	12	12	14
Other Costs ⓘ	12	12	14	15	16	16	19	22	17	17
Operating Profit ⓘ	21	20	21	20	16	15	17	10	15	20
Operating Profit Margin (%)	3.8%	3.8%	3.8%	3.6%	4.1%	4.3%	4.6%	4.2%	6.1%	6.6%
Other Income ⓘ	0	1	1	1	1	1	2	2	0	0
Interest ⓘ	9	9	10	9	7	6	7	7	6	8
Depreciation ⓘ	4	3	3	3	3	3	3	3	4	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	9	9	9	9	6	7	9	1	6	9
Tax ⓘ	3	3	3	3	2	2	2	0	1	4
Profit After Tax	6	6	6	6	4	5	6	1	4	6
PAT Margin (%)	1.1%	1.0%	1.0%	1.0%	1.0%	1.3%	1.7%	0.6%	1.7%	1.9%
Adjusted EPS (₹)	1.2	1.0	1.0	1.0	0.7	0.8	1.2	0.3	0.8	1.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	62	67	73	78	82	87	93	95	99	105
Share Capital ⓘ	50	50	50	50	50	50	50	50	50	50
Reserves ⓘ	12	17	23	28	32	37	43	45	49	55
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	73	74	78	83	54	72	76	86	101	119
Long Term Debt	1	4	5	7	10	6	4	2	3	8
Short Term Debt	72	70	73	76	44	66	72	85	98	111
Trade Payables	1	1	4	2	2	3	6	4	4	3
Others Liabilities ⓘ	17	20	11	13	15	20	24	11	13	16
Total Liabilities ⓘ	152	163	167	176	154	182	199	196	217	243
Fixed Assets
Gross Block	35	37	35	36	34	37	32	32	34	37
Accumulated Depreciation	21	23	17	18	15	17	15	18	21	23
Net Fixed Assetsⓘ	15	15	18	18	19	20	17	14	13	14
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	114	114	120	127	98	110	115	104	106	115
Cash Equivalents	3	4	3	4	5	6	6	6	8	8
Others Assetsⓘ	20	31	25	28	33	46	61	72	90	106
Total Assets ⓘ	152	163	167	176	154	182	199	196	217	243

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-6	1	2	-2	34	-13	-4	-11	-10	-14
PBT ⓘ	9	9	9	9	6	7	9	1	6	10
Adjustment ⓘ	3	2	3	3	3	3	4	3	3	2
Changes in Working Capital ⓘ	-14	-7	-7	-10	27	-20	-14	-14	-17	-24
Tax Paid ⓘ	-4	-3	-3	-3	-2	-3	-2	0	-2	-3
Cash Flow From Investing Activity ⓘ	-3	-2	-7	-3	-3	-4	0	0	-2	-3
Capex	-3	-2	-7	-3	-3	-5	0	0	-2	-3
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	1	0	0
Cash Flow From Financing Activityⓘ	7	2	4	5	-30	19	4	10	15	18
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	7	2	4	5	-30	19	4	10	15	18
Net Cash Flow ⓘ	-2	0	0	0	1	1	0	0	2	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	10.72	8.6	8.05	7.4	4.82	5.36	7.09	1.52	4.4	5.66
ROCE (%)	14.27	12.98	12.9	11.21	8.98	8.67	9.89	4.96	6.3	8.34
Asset Turnover Ratio	3.96	3.37	3.27	3.2	2.33	2.04	1.98	1.17	1.21	1.33
PAT to CFO Conversion(x)	-1	0.17	0.33	-0.33	8.5	-2.6	-0.67	-11	-2.5	-2.33
Working Capital Days
Receivable Days	68	78	79	82	106	110	109	174	153	132
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

North Eastern Carrying Corporation Ltd Stock News

North Eastern Carrying Corporation Ltd FAQs

What is the share price of North Eastern Carry.?

Company share prices are keep on changing according to the market conditions. The closing price of North Eastern Carry. on 19-Apr-2024 16:01 is ₹27.90.

What is the market cap of North Eastern Carry.?

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 19-Apr-2024 16:01 the market cap of North Eastern Carry. stood at ₹268.2.

What is the P/E ratio of North Eastern Carry.?

The latest P/E ratio of North Eastern Carry. as of 19-Apr-2024 16:01 is 42.67.

What is the P/B ratio of North Eastern Carry.?

The latest P/B ratio of North Eastern Carry. as of 19-Apr-2024 16:01 is 1.53.

What is the 52-week high and low of North Eastern Carry.?

The 52-week high of North Eastern Carry. is ₹37.15 and the 52-week low is ₹16.11.

What is the TTM revenue of North Eastern Carry.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of North Eastern Carry. is ₹316.7 ( Cr.) .

About North Eastern Carrying Corporation Ltd

North Eastern Carrying Corporation established in the year 1968, is specialized in offering domestic goods transportation, international goods transportation, commercial goods transportation services, industrial goods transportation along with warehousing services.

North Eastern Carrying Corporation is among the leading freight forwarding companies in India. Their services includes wide array of freight management and customized logistics solutions backed by an automated ERP based software. They leverage their operational expertise, high capacity transportation network, unique technology and their team is dedicated to provide nation-wide transport services in Nepal, Bhutan and India. They are among top freight forwarding companies in India and one of the best goods transport agencies in India.

Headquartered in Delhi, North Eastern Carrying Corporation (NECC) is one of the high performance transporting companies in India.

Business area of the company:

The company is in cargo transportation in India, Nepal and Bhutan. NECC also provides containerized movement of cargo, Warehousing, Packing and Moving, 3 PL and storage facility all under one roof.

Services: