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Check Before You Invest : Noida Toll Bridge Company Ltd

BSE: 532481 NSE: NOIDATOLL ISIN: INE781B01015
  |   Sector:  Construction & Infrastructure   |   Industry:  Engineering - Construction

Snapshot

Q.1 Which industry/sub-sector does Noida Toll Bridge Company Ltd belong to?
Noida Toll Bridge Company Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.
Q.2 Is Noida Toll Bridge Company Ltd a good quality company?
Noida Toll Bridge Company Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Noida Toll Bridge Company Ltd undervalued or overvalued?
Noida Toll Bridge Company Ltd appears Fair, as its key valuation ratios are in line with their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 5-year
Historic Median
Price to Earnings 4.66 -
Price to Book -9.95 0.53
Price to Sales 2.95 7.27
EV to EBITDA 3.03 37.42
Q.4 Is Noida Toll Bridge Company Ltd a good buy now?
Noida Toll Bridge Company Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd revenue growth is 93.1% for FY-2025, which is above its 5-year CAGR of 10.26%, indicating faster growth.

Q.2 Gross Profit margin of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Gross profit margin which is the profit after deduction of direct costs, is 38.8% for FY-2025, which is above its 5-year median of 25%, indicating increasing margins.

Q.3 Operating Profit Margin of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 32.89% for FY-2025, which is above its 5-year median of 12.07% indicating increasing margins.

Q.4 Net Profit Margin of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Net Profit Margin is -607.09% for FY-2025, is below its 5-year median of -256.96%, indicating decreasing margins.
Current Level 5-year
Historic Median
Gross Profit Margin (%) 38.8 25
Operating Profit Margin (%) 32.89 12.07
Net Profit Margin (%) -607.09 -256.96

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Return on Asset is -114.05%, which is below its 5-year historical median of -9%, indicating deteriorated asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Return on capital employed is -178.21% for FY-2025, which is below its 5-year historical median of -11.08%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.7 Return on Equity (ROE) of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Return on equity is -296.94% for FY-2025, which is below its 5-year historical median of -14.19%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Cash conversion cycle is -1 days, below its 5-year historical median of 60 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level 5-year
Historic Median
Asset Turnover (x) 0.19 0.06
ROE (%) -296.94 -14.19
ROCE (%) -178.21 -11.08
Cash Conversion Cycle -1 days 60 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Debt-to-Equity ratio is -1.08, which is lower the industry average of 0.38, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Noida Toll Bridge Company Ltd?
Noida Toll Bridge Company Ltd Debt to cash flow from operations is 2.83, which is at a moderate level.

Ownership & governance

D: Promoter shareholding and pledge status of Noida Toll Bridge Company Ltd?

Q.1 Promoter shareholding and pledge status of Noida Toll Bridge Company Ltd?
Promoters hold 26.37% of the Noida Toll Bridge Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Noida Toll Bridge Company Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Noida Toll Bridge Company Ltd vs industry peers?
Noida Toll Bridge Company Ltd revenue CAGR is 10.26%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Profit Metrics
Current Level 5-year
Industry Median
Revenue Growth (%) 93.1 -
Gross Profit Growth (%) 128.6 17
Operating Profit Growth (%) 225 14
Net Profit Growth (%) 0 20.3
Operating Efficiency
Current Level 5-year
Industry Median
Asset Turnover (x) 0.19 0.63
ROE (%) -296.94 6.16
ROCE (%) -178.21 10.5
Cash Conversion Cycle (days) -1.38 52

Valuation & price assessment

Q.1 Stock return of Noida Toll Bridge Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -11% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR
-11% 3.6% 1.2% 53.3%
Q.2 Valuation ratios of Noida Toll Bridge Company Ltd vs historical?
The current P/E ratio of 4.66 is higher than its historical median of , indicating that the stock is trading above its historical average valuation.
Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 5-year
Historic Median
5-year
Industry Median
Price to Earnings 4.66 - 21.52
Price to Book -9.95 0.53 1.74
Price to Sales 2.95 7.27 1.51
EV to EBITDA 3.03 37.42 11.49

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