Skip to main content
Download App | About Us | About
Current Complaints | Help Center| Subscribe
MoneyWorks4Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call

Nuvoco Vistas Corporation Ltd (NUVOCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543334 NSE: NUVOCO Cement & Construction Materials | Small Cap | Nuvoco Vistas Corpn. Share Price

₹342.45 -1.85 (-0.54%)

As on 08-Nov'26 16:59

Nuvoco Vistas Corporation Ltd (NUVOCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543334 NSE: NUVOCO Cement & Construction Materials | Small Cap | Nuvoco Vistas Corpn. Share Price

₹342.45 -1.85 (-0.54%)

As on 08-Nov'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹12,297 Cr.
Current Price
₹342.5
52-Week Low / High
₹276 / 399
TTM EPS
₹11.6
TTM Sales
₹11,927 Cr.
Book Value per Share
₹267.8
P/E Ratio
29.65
Lower than its 5-year historical median
Industry PE
42.9
Price to Book (P/B)
1.29
Lower than its 5-year historical median
Price to Sales (P/S)
1.03
Lower than its 5-year historical median
EV/EBITDA
8.83
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.92%
Underperforms industry median
Return on Capital Employed (ROCE)
7.11%
Underperforms industry median
Return on Assets (ROA)
1.87%
Underperforms industry median
Operating Profit Margin
16.4%
Outperforms industry median
Net Profit Margin
3.17%
Outperforms industry median
Gross Profit Margin
11.4%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
35.34%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
1547.3%
Asset Quality
Promoter Holding
72.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9,208 Cr.
Equity
₹357.2 Cr.
Face Value
₹10
All Time Low / High
₹260.00 / 577.50

Nuvoco Vistas Corporation stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Nuvoco Vistas Corporation Ltd a good quality company?
Nuvoco Vistas Corporation Ltd is a average quality company, based on a somewhat consistent 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.

View More

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.

View More
How does Nuvoco Vistas Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nuvoco Vistas Corporation Ltd vs industry peers?
Nuvoco Vistas Corporation Ltd revenue CAGR is 8.65%, compared to the industry median CAGR of 3.07%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nuvoco Vistas Corporation Ltd?
Promoters hold 72.02% of the Nuvoco Vistas Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nuvoco Vistas Corporation Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -9.04% based on the current price.
View More

10 Year X-Ray :

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.
Nuvoco Vistas Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ6.7%7.8%5.2%8.3%5.4%4%-0.1%4.8%3.3%6.4%-
Value Creation
Index ⓘ		-0.5-0.4-0.6-0.4-0.6-0.7-1.0-0.7-0.8-0.5-

Growth Parameters ⓘ
Sales ⓘ5,1576,0947,0536,7935,8057,3428,5828,9398,7259,76210,432
Sales YoY Gr.-18.2%15.7%-3.7%-14.5%26.5%16.9%4.2%-2.4%11.9%-
Adj EPS ⓘ11.29.3-2.19.70.41.47.34.11.17.58.1
YoY Gr.--17.5%-123.1%NA-96.2%281.1%414.2%-43.6%-73.8%600.9%-
BVPS (₹) ⓘ263.3274.5249.7217.8234249251.5255.8256.8264.1268.3
Adj Net
Profit ⓘ		168139-42.723511.850.225914638.2268290
Cash Flow from Ops. ⓘ9229518461,0281,3868351,0231,0481,1001,041-
Debt/CF from Ops. ⓘ4.74.65.54.344.33.12.82.43.4-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7.4%11%4.4%11.9%
Adj EPS ⓘ-4.4%82.6%1.1%600.9%
BVPSⓘ0%2.5%1.6%2.8%
Share Price - -8.8% -0% -10.2%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		4.13.5-0.94.60.20.62.91.60.42.93.1
Op. Profit
Mgn % ⓘ		14.116.212.819.119.314.29.612.311.513.813.7
Net Profit
Mgn % ⓘ		3.32.3-0.63.50.20.731.60.42.72.8
Debt to
Equity ⓘ		1.11.10.90.90.80.40.40.30.30.40.2
Working Cap
Days ⓘ		10710598110149148137113898936
Cash Conv.
Cycle ⓘ		1-156464-2-7-9-37

Valuation of Nuvoco Vistas Corpn. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5,1576,0947,0536,7937,4899,31810,58610,73310,35711,338
Operating Expenses ⓘ + 4,4295,1066,1495,4966,0287,8169,3769,1098,9859,481
Manufacturing Costs1,3681,5972,0521,8352,0412,9983,7723,1002,9933,111
Material Costs1,1541,2701,4451,2301,2071,3761,7861,9542,0622,128
Employee Cost 290320381405482580606682676723
Other Costs ⓘ 1,6161,9192,2712,0272,2982,8623,2123,3743,2543,520
Operating Profit ⓘ 7289899031,2971,4601,5021,2101,6241,3721,857
Operating Profit Margin (%) 14.1%16.2%12.8%19.1%19.5%16.1%11.4%15.1%13.2%16.4%
Other Income ⓘ + 29545337343713331924
Exceptional Items ⓘ -1800000-40600-48
Interest ⓘ 231425452419664570512533496398
Depreciation ⓘ 313392485528794918951919869884
Profit Before Tax ⓘ 196226193873751-64520627551
Tax ⓘ 3068431376219-661595191
Profit After Tax 166158-24249-26321614722360
PAT Margin (%) 3.2%2.6%-0.3%3.7%-0.4%0.3%0.2%1.4%0.2%3.2%
Adjusted EPS (₹)11.010.5-1.210.3-0.80.90.44.10.610.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,9494,1174,9515,2797,3248,8218,8398,9849,0029,342
Share Capital ⓘ 150150200242.36315.09357.16357.16357.16357.16357.16
Reserves ⓘ 3,7993,9674,7515,0377,0098,4648,4828,6268,6458,985
Debt +4,2983,2103,3183,5935,7594,3543,3252,9932,5033,849
Long Term Debt4,2983,2063,3182,9315,5614,1833,3252,8782,3633,033
Short Term Debt0406611981700115140816
Minority Interest000000000886
Trade Payables7406817657868701,1931,7031,6861,5871,643
Others Liabilities ⓘ 2,2983,6154,1763,7875,9545,2475,1215,0475,0644,578
Total Liabilities ⓘ 11,28511,62413,21013,44419,90719,61518,98818,71018,15820,299

Fixed Assets

Net Fixed Assets ⓘ +8,9158,6889,8429,96915,04115,40814,96115,02614,70214,477
Gross Block12,71312,86613,87714,49920,29421,50621,89922,74323,00323,394
Accumulated Depreciation3,7984,1784,0354,5305,2536,0976,9387,7168,3028,916
CWIP ⓘ 1431446056471,2403995964883872,683
Investments ⓘ 41284445603841860111
Inventories3614305856037121,0681,050947762745
Trade Receivables444415500511454571601591660744
Cash Equivalents 774312551152814920310718296
Others Assets ⓘ 9331,0591,0981,2031,5481,8341,5771,5511,4641,553
Total Assets ⓘ 11,28511,62413,21013,44419,90719,61518,98818,71018,15820,299
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 9389518461,0251,7171,2211,7111,5931,3291,485
PBT ⓘ 196226193873751-64520627551
Adjustment ⓘ 5227418679391,4221,4951,8951,4431,3281,282
Changes in Working Capital ⓘ 26475-23-201299-253478-16-27-276
Tax Paid ⓘ -60-91-16-100-39-72-16-402-72
Cash Flow From Investing Activity ⓘ + -529-602-149-310-2,924-190-260-573-337-2,500
Capex -141-217-581-569-547-409-486-581-350-710
Net Investments -396-391418245-119194223669
Others ⓘ 861414-2,25825327-1,799
Cash Flow From Financing Activity ⓘ + -503-383-636-5591,420-1,420-1,362-1,114-913927
Net Proceeds from Shares ⓘ 0-21001,6001,5000000
Net Proceeds from Borrowing ⓘ -3000-400-2209-2,226-602-581-32736
Interest Paid ⓘ -203-366-385-358-651-533-471-499-450-446
Dividend Paid ⓘ 0000000000
Others ⓘ 0414819461-161-289-35-1361,337
Net Cash Flow ⓘ -94-3461156213-39089-9579-89
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.063.92-0.524.87-0.410.40.181.650.243.92
ROCE (%)6.697.775.218.335.674.25-0.965.564.037.11
Asset Turnover Ratio0.670.550.610.520.50.520.620.630.630.68
PAT to CFO Conversion(x)5.656.02N/A4.12N/A38.16106.9410.8460.414.13
Working Capital Days
Receivable Days30.3024.9021.9026.902118.101818.3019.5019.70
Inventory Days25.6022.9024.3031.6028.6031.4032.5030.6026.7021.20
Payable Days216204.30182.70230.10250.50273.60295.90316.50289.80277.10

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

Nuvoco Vistas Corporation Ltd FAQs

The current trading price of Nuvoco Vistas Corpn. on 08-Nov-2026 16:59 is ₹342.4.

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 07-Nov-2026 the market cap of Nuvoco Vistas Corpn. stood at ₹12,296.9 Cr

The latest P/E ratio of Nuvoco Vistas Corpn. as of 07-Nov-2026 is 42.44.

The latest P/B ratio of Nuvoco Vistas Corpn. as of 07-Nov-2026 is 1.28.

The 52-week high of Nuvoco Vistas Corpn. is ₹398.5 and the 52-week low is ₹276.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nuvoco Vistas Corpn. is ₹10,432 ( Cr.) .

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

The key valuation ratios of Nuvoco Vistas Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation (Nuvoco), part of India’s leading business conglomerate - Nirma Group, is one of India's trusted building materials companies, with leadership in East India and expanding presence across North and West. The company is India’s trusted building materials company, playing a significant role in infrastructure, housing and urban development. The company is among the leading players in East India, with a strong and expanding presence across North and West India. With a well-integrated business model spanning Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM), the company is equipped to cater to diverse construction requirements with scale, consistency and efficiency. 

Established with a greenfield cement plant in Nimbol, Rajasthan, in 2014, the company has built a resilient and future-ready business by combining Values strategic expansion with operational excellence, creating a strong foundation for sustained long-term growth. This has enabled the company to enhance its operational capabilities, strengthen its market presence, and deliver value across key regions.

The company has a dedicated NABL-accredited Construction Development and Innovation Centre (CDIC) located in Mumbai. It serves as the incubation centre for innovative products and can conduct over 100 mechanical tests. It also offers third-party external testing services, providing products and solutions that meet the highest standards and hold global validation.

Businesses of the company

Cement: Renowned for its premium quality, the company’s cement manufacturing portfolio encompasses several broad categories of products, namely Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), and Portland Composite Cement (PCC), that adhere to BIS standards and each offering exceptional quality and performance. Nuvoco has a broad portfolio of brands, including Concreto, Duraguard, Double Bull, PSC, Nirmax, and Infracem, that offer a wide range of products.

Ready-Mix Concrete: Its Ready-Mix Concrete (RMX) offerings, comprising products under 5 franchise brands, cater to a wide range of consumers, ranging from commercial enterprises to individual home builders. As a leading RMX provider, it is the preferred partner for developers, contractors, architects, private clients, and government projects, offering advanced concrete solutions that focus on high-grade construction. Its goal is to strengthen and deepen the trust of its customers through the quality and innovation of its products.

Modern Building Materials (MBM): The Modern Building Materials business is a key differentiator for Nuvoco. Its products, including Waterproofing solutions, Surface preparation solutions, Fixing solutions, Repair solutions and Ancillary solutions, are marketed and sold under the brand Zero M.

Business area of the company

The company is principally engaged in the business of manufacturing and sale of Cement and building material products.

Awards, accreditations and recognitions

  • 2014: The company received the “Golden Peacock Occupational Health & Safety Award 2014” awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2016: Received the “SHE Excellence Awards (Safety, Health & Environment) 2015-2016” for the Mejia Cement Plant having significant controls over hazardous processes in the category of large scale manufacturing (up to 3,000 employees) awarded by the Confederation of Indian Industry (Eastern Region).
  • 2016: Received the “17th National Award for Excellence in Energy Management 2016” recognising the Mejia Cement Plant as “Energy Efficient Unit” at the National Competition for Excellence in Energy Management organised by the Confederation of Indian Industry at Hyderabad.
  • 2017: Received the “FICCI Corporate Social Responsibility Award 2016-2017-Special Jury Commendation” recognising the commendable work done by the company as a socially responsible company.
  • 2018: Received the “5th CSR Impact Award” in the category of women empowerment at the India CSR Summit and Exhibition, New Delhi.
  • 2018: Received the “19th National Award for Excellence in Energy Management 2018” recognising the Mejia Cement Plant as “Energy Efficient Unit” at the National Award for Excellence in Energy Management organised by the Confederation of Indian Industry at Hyderabad.
  • 2019: Received the “OHSSAI OH & S Award” at the OSHAI 4th Annual HSE Excellence & Sustainability Awards, 2019.
  • 2019: Received the “Special Commendation for Golden Peacock Occupational Health & Safety Award 2019” for the Chittorgarh Cement Plant awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2020: Received the “Golden Peacock Innovative Product/ Service Award” awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2020: Received the certificate of accreditation for the Construction Development & Innovation Centre (CDIC) from the National Accreditation Board for Testing and Calibration Laboratories.
  • 2020: Received the “Factory Safety Award Programme - 2020” for the Chittorgarh Cement Plant in the large category awarded by the Inspection Department of Factories and Boilers, Government of Rajasthan.
  • 2022: Golden Peacock Award recipient for Excellence in Corporate Governance in 2022.
  • 2022: Nuvoco’s Concreto Cement was awarded as the No. 1 Premium Cement Brand in the Excellence in Infrastructure Development category at Jagran Achievers Awards 2022.
  • 2022: Sales and Operations Planning (S&OP) Strategy of the Year award at the 6th Edition of Demand Planning & Forecasting Summit & Awards 2022 hosted by UBS Forums Private Limited in Bengaluru.
  • 2023: The logistics team won the SCALE Award 2023 for ‘Best in-class Usage of GPS Technology in the Cement Industry’.
  • 2023: Chittor Cement Plant secured the Golden Peacock Award 2023 for Best Energy Efficient Plant in the cement sector.
  • 2023: Concreto Cement was awarded with the Big Impact Awards 2023 for ‘Big Impact Creator’ in the Premium Building Material Category.
  • 2023: Chittor Cement Plant received the Golden Peacock Innovation Management Award 2023.
  • 2023: Received the CII National Energy Efficiency Award 2023.
  • 2024: The Bihar Cement Plant (BCP) was awarded a Certificate of Appreciation at the 2024 State Level Safety Symposium & Exposition, hosted by CII, for fostering a strong safety culture.
  • 2024: The Bihar Cement Plant (BCP) was recognised at the MANAK MAHOTSAV on World Standards Day 2024 for its three-year record of consistent quality in PPC products.
  • 2024: The (NCP) also won the Icon SWM Excellence DIAMOND Award 2024, for achieving the highest Total Substitution Rate (TSR) – a major milestone in alternative fuel and resource use.
  • 2025: Recognised as the ‘Best Organisation to Work – Manufacturing 2025’ by ET Now.
  • 2025: Best Talent Assessment Award by Synnex 2025.
  • 2025: Received the Arogya Healthy Workplace Award by Global Healthy Workplace Summit & Awards 2025

Major events and milestones

  • 1999: Commenced its operations with the acquisition of the cement business of the Tata Iron and Steel Company Limited, including the Jojobera Cement Plant and Sonadih Cement Plant.
  • 2002: Acquired the cement business of Raymond Limited, including the Arasmeta Cement Plant.
  • 2008: The company (through an erstwhile group entity) acquired the ready-mix concrete business of Larsen & Toubro Limited.
  • 2009: Commenced operations at the Mejia Cement Plant.
  • 2009: Commissioned a new clinker line at the Sonadih Cement Plant.
  • 2010: The Company (through an erstwhile group entity) commenced the supply of ready-mix concrete for World One building at Mumbai, Maharashtra.
  • 2012: Inauguration of Construction Development & Innovation Centre (CDIC) at Mumbai, Maharashtra.
  • 2013: Commenced operations at the Chittorgarh Cement Plant.
  • 2014: Commenced operations at the Bhiwani Cement Plant.
  • 2014: Supplied concrete for the construction of Nazrul Tirtha at Kolkata, West Bengal.
  • 2014: Supplied concrete for the construction of the Swami Narayan Temple at Kolkata, West Bengal.
  • 2015: The company commenced the supply of concrete to the metro railway project at Noida, Uttar Pradesh.
  • 2016: Nirchem Cement, an erstwhile wholly-owned subsidiary of Nirma, acquired all the Equity Shares held by Lafarge group in the company.
  • 2017: Commenced the supply of concrete to the metro railway project at Mumbai, Maharashtra.
  • 2017: The name of Company was changed to “Nuvoco Vistas Corporation Limited”.
  • 2019: The company commissioned its first captive power plant and waste heat recovery power plant in the Chittorgarh Cement Plant.
  • 2020: The company acquired NU Vista as a wholly-owned subsidiary.
  • 2020: The cement undertaking of Nirma Limited located at Nimbol, Rajasthan was amalgamated with the Company.
  • 2021: Initiated the clinker capacity enhancement projects in Risda, debottlenecking in Nimbol and capacity expansion in Bhiwani
  • 2021: Launched an IPO by listing equity shares on BSE & NSE
  • 2022: Received the first-ever Patent Certificate for ‘Water Resistant Cement Composition’ for Duraguard Waterseal Cement
  • 2022: Equipped with CPPs and WHRs across all integrated units and CPP at Jojobera Cement Plant
  • 2022: Expanded the brownfield cement grinding capacity at Jojobera Cement Plant by 1.5 MMTPA
  • 2023: Launched Nuvo Nirmaan-a D2C consumer App
  • 2023: Inaugurated first All-Women RMX Concrete plant in Guwahati
  • 2023: Completed AFR projects at Risda & Nimbol Cement Plants
  • 2023: Commissioned a 1.2 MMTPA Grinding Unit at Haryana Cement Plant
  • 2024: Secured a patent for revolutionary 'Fibre Reinforced Cement Composition,' branded as 'Duraguard Microfiber Cement' in the market
  • 2024: Launch of Duraguard F2F & Concreto Uno in Jharkhand Markets
  • 2024: Introduced new packaging for its Cement and MBM products under the brand ‘NUVOCO’
  • 2025: NCLT gives nod to acquire Vadraj Cement Ltd. Consolidated capacity reaching approx. 31 MMTPA
  • 2025: Announced around 4 MMTPA Capacity Expansion Plans in East
  • 2026: Commissioning of the first 2 MMTPA grinding capacity at Limla Cement Plant, Surat
You have 4 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now