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North Eastern Carrying Corporation Ltd (NECCLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534615 NSE: NECCLTD Logistics | Small Cap | North Eastern Carry. Share Price

₹18.21 3.03 (19.96%)

As on 10-Jun'26 16:59

North Eastern Carrying Corporation Ltd (NECCLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534615 NSE: NECCLTD Logistics | Small Cap | North Eastern Carry. Share Price

₹18.21 3.03 (19.96%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹159 Cr.
Current Price
₹18.2
52-Week Low / High
₹10 / 27
TTM EPS
₹0.7
TTM Sales
₹308 Cr.
Book Value per Share
₹22.4
P/E Ratio
20.47
Lower than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
0.68
Lower than its 5-year historical median
Price to Sales (P/S)
0.52
Lower than its 5-year historical median
EV/EBITDA
11.77
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
4.96%
Underperforms industry median
Return on Capital Employed (ROCE)
6.66%
Underperforms industry median
Return on Assets (ROA)
3.11%
Operating Profit Margin
6.9%
Net Profit Margin
3.12%
Gross Profit Margin
4.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.91%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.47%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
27.81%
Asset Quality
Promoter Holding
54.19%
Pledged shares (%) of Promoter's holding (%)
11.26%
Reserves
₹129 Cr.
Equity
₹104.5 Cr.
Face Value
₹10
All Time Low / High
₹2.78 / 103.11

North Eastern Carrying Corporation stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is North Eastern Carrying Corporation Ltd a good quality company?
North Eastern Carrying Corporation 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.

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.

How does North Eastern Carrying Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of North Eastern Carrying Corporation Ltd vs industry peers?
North Eastern Carrying Corporation Ltd revenue CAGR is -2.66%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of North Eastern Carrying Corporation Ltd?
Promoters hold 54.19% of the North Eastern Carrying Corporation Ltd, with 11.26% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of North Eastern Carrying Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -7.3% based on the current price.

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.
North Eastern Carrying Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.9%11.2%9%8.7%9.9%5%6.3%8.3%7.6%6.7%-
Value Creation
Index
-0.1-0.2-0.4-0.4-0.3-0.7-0.6-0.4-0.5-0.5-

Growth Parameters

Sales 538548385343376231250306335329308
Sales YoY Gr.-1.8%-29.8%-10.9%9.7%-38.7%8.6%22.2%9.5%-1.9%-
Adj EPS 110.70.81.30.30.71.10.810.7
YoY Gr.-3%-35.3%15.2%68.4%-79.7%184.6%41.9%-26.7%33.8%-
BVPS (₹) 13.514.515.21617.217.518.319.420.421.922.4
Adj Net
Profit
5.45.53.64.16.91.445.77.310.38
Cash Flow from Ops. 2.1-233.5-12.7-3.9-10.5-10.2-14.4-46.2-21.2-
Debt/CF from Ops. 37.5-41.11.6-5.7-19.5-8.2-9.9-8.3-2.2-5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -5.3%-2.7%9.5%-1.9%
Adj EPS 0.4%-4.3%11.7%33.8%
BVPS5.6%4.9%6.3%7.7%
Share Price -5.4% 9% -2.3% -24.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.67.34.44.97.71.54.15.64.953.3
Op. Profit
Mgn %
3.83.64.14.34.84.26.16.66.36.95.5
Net Profit
Mgn %
110.91.21.80.61.61.92.23.12.5
Debt to
Equity
1.11.10.70.80.80.911.10.50.50.1
Working Cap
Days
98100135152161279271249271326289
Cash Conv.
Cycle
7780104107105165147128125130177

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales538548385343376231250306335329
Operating Expenses + 518528369328359221235286314306
Manufacturing Costs493501340298325186206244277269
Material Costs0000000000
Employee Cost 11131314151212141618
Other Costs 14151616192217282019
Operating Profit 21201615171015202123
Operating Profit Margin (%) 3.8%3.6%4.1%4.3%4.6%4.2%6.1%6.6%6.3%6.9%
Other Income + 1111220021
Exceptional Items 0000000000
Interest 10976776898
Depreciation 3333334333
Profit Before Tax 996791691013
Tax 33222-01423
Profit After Tax 66456146810
PAT Margin (%) 1.1%1.0%1.0%1.3%1.7%0.6%1.7%1.9%2.4%3.1%
Adjusted EPS (₹)1.01.00.70.81.20.30.81.10.81.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of North Eastern Carry. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 73788287939599105194219
Share Capital 505050505050505095100
Reserves 232832374345495599119
Debt +788354727686101119103106
Long Term Debt5710642318104
Short Term Debt7376446672859810193102
Minority Interest0000000000
Trade Payables4223644336
Others Liabilities 11131520241113161614
Total Liabilities 167176154182199196217243316344

Fixed Assets

Net Fixed Assets +1818192017141314138
Gross Block35363437323234373935
Accumulated Depreciation17181517151821232627
CWIP 0000000004
Investments 0000000055
Inventories0000000000
Trade Receivables12012798110115104106115120125
Cash Equivalents 345666882116
Others Assets 25283346617290106157186
Total Assets 167176154182199196217243316344

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2-234-13-4-11-10-14-46-21
PBT 996791691013
Adjustment 3333433312
Changes in Working Capital -7-1027-20-14-14-17-24-55-33
Tax Paid -3-3-2-3-20-2-3-3-3
Cash Flow From Investing Activity + -7-3-3-4-00-2-3-6-2
Capex -7-3-3-5-0-0-2-3-2-2
Net Investments 00000000-5-0
Others 0000010010
Cash Flow From Financing Activity + 45-301941015186517
Net Proceeds from Shares 000000008115
Net Proceeds from Borrowing 00000000-7-6
Interest Paid 0000000000
Dividend Paid 0000000000
Others 45-30194101518-89
Net Cash Flow -0011-0-02013-6

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.057.44.825.367.091.524.45.665.374.96
ROCE (%)12.911.218.988.679.894.966.38.347.556.66
Asset Turnover Ratio3.273.22.332.041.981.171.211.331.21
PAT to CFO Conversion(x)0.33-0.338.5-2.6-0.67-11-2.5-2.33-5.75-2.1
Working Capital Days
Receivable Days79.2082.20106.40110.40109.20173.90153.20131.90128.10135.80
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.005.7211.2611.2611.26
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

North Eastern Carrying Corporation Ltd FAQs

The current trading price of North Eastern Carry. on 10-Jun-2026 16:59 is ₹18.21.

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 09-Jun-2026 the market cap of North Eastern Carry. stood at ₹158.6 Cr

The latest P/E ratio of North Eastern Carry. as of 09-Jun-2026 is 20.47.

The latest P/B ratio of North Eastern Carry. as of 09-Jun-2026 is 0.68.

The 52-week high of North Eastern Carry. is ₹27.26 and the 52-week low is ₹10.43.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of North Eastern Carry. is ₹308 ( Cr.) .

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

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

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

About North Eastern Carrying Corporation Ltd

North Eastern Carrying Corporation (NECC), 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.

It is among the leading freight forwarding companies in India. Its services include wide array of freight management and customized logistics solutions backed by an automated ERP based software. It leverages its operational expertise, high-capacity transportation network, unique technology and their team is dedicated to provide nation-wide transport services in Nepal, Bhutan and India. 

Business area of the company

The company is engaged in the business of transportation. It offers extraordinary solutions as unique to its client’s needs and specializes in offering PTL/FTL/ODC/ BULK, etc.

Services of the company

  • Part Truck Load (PTL)
  • Full Truck Load (FTL)
  • Bulk movements
  • ODC movements
  • Warehousing

Awards and recognitions

  • 2023: The company got the award from Grow Care India - Business Excellence Award in March 2023

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