Is NCL Industries Ltd (NCLIND) a good quality company?

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

Is NCL Industries Ltd (NCLIND) 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 Somewhat Undervalued zone .

What is NCL Industries Ltd (NCLIND) share price return in the past 10 years?

NCL Industries Ltd share price has appreciated 4.3% annually (CAGR) over the past ten years.

Is NCL Industries Ltd (NCLIND) a good buy now?

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

What is the share price of NCL Industries Ltd (NCLIND)?

Company share prices are keep on changing according to the market conditions. The current trading price of NCL Industries Ltd (NCLIND) on 10-Apr-2026 16:59:59 at 16:59 is 181.15.

What is the P/E ratio of NCL Industries?

The latest standalone P/E ratio of NCL Industries as of 10-Apr-2026 is 13.74.

What is the P/B ratio of NCL Industries Ltd (NCLIND)?

The latest standalone P/B ratio of NCL Industries Ltd (NCLIND) as of 10-Apr-2026 is 0.90.

What is the 52-week high and low of NCL Industries Ltd (NCLIND)?

The 52-week high of NCL Industries Ltd (NCLIND) is Rs. 239.20 and the 52-week low is Rs. 147.65.

NCL Industries Ltd (NCLIND) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: NCL Industries Ltd (NCLIND)
Brand: NCL Industries

NCL Industries Ltd (NCLIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

NCL Industries Ltd (NCLIND)

BSE: 502168 NSE: NCLIND

Key Metrics

Market Cap

₹819 Cr.

P/E Ratio

13.74

Price to Book (P/B)

0.90

Price to Sales (P/S)

0.58

EV/EBITDA

5.71

Return on Capital Employed (ROCE)

6.24%

Current Price

₹181.2

Return on Equity (ROE)

2.95%

Return on Assets (ROA)

1.57%

Operating Profit Margin

7.7%

Net Profit Margin

1.8%

Gross Profit Margin

6.2%

Book Value per Share

₹200.9

Sales Growth (YoY)

-14.15%

Sales Growth (3 Years)

-11.65%

Operating Profit Growth (1 Year)

-45.82%

Operating Profit Growth (3 Years)

-19.36%

Net Profit Growth (1 Year)

-73.06%

52-Week Low / High

₹148 / 239

Net Profit Growth (3 Years)

-36.29%

Dividend Yield

1.65%

Promoter Holding

40.95%

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

14.44%

Check Before You Invest

Q.1

NCL Industries Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Cement & Construction Materials segment.

Q.1 Gross Profit margin of NCL Industries Ltd?

NCL Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 6.2% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.

Q.1 Promoter shareholding and pledge status of NCL Industries Ltd?

Promoters hold 40.95% of the NCL Industries Ltd, with 14.44% of their stake pledged, indicating high pledge risk.

Q.1 Revenue growth of NCL Industries Ltd vs industry peers?

NCL Industries Ltd revenue CAGR is 3.56% , compared to the industry median CAGR of 0% , indicating faster growth and gaining its market share.

Q.1 Stock return of NCL Industries Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 4.2% based on the current price.

Q.1 Is NCL Industries Ltd a good quality company?

NCL Industries Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on NCL Industries

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

NCL Industries stock performance

Key Ratios

Is NCL Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	26.9%	20%	17.3%	13.2%	12.4%	27.5%	17.1%	11.3%	16.4%	6.2%	-
Value Creation Index ⓘ	0.9	0.4	0.2	-0.1	-0.1	1.0	0.2	-0.2	0.2	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	750	868	1,116	1,270	1,184	1,749	2,046	2,044	1,643	1,411	1,409
Sales YoY Gr.	-	15.8%	28.5%	13.8%	-6.8%	47.7%	17%	-0.1%	-19.6%	-14.2%	-
Adj EPS ⓘ	14.7	14.9	10.5	10.2	11.2	32.8	21.4	10	20.4	6.6	13.2
YoY Gr.	-	1%	-29.2%	-3%	9.4%	193.2%	-34.5%	-53.2%	103.1%	-67.8%	-
BVPS (₹) ⓘ	53.6	61.7	101.9	110.4	116.8	147	164.5	171.3	189	191.1	200.9
Adj Net Profit ⓘ	54.1	54.7	47.6	46.2	50.5	148	97	45.4	92.1	29.7	60
Cash Flow from Ops. ⓘ	130	18.2	156	70.9	106	237	106	208	183	96.5	-
Debt/CF from Ops. ⓘ	1.6	17.2	1.5	4.2	3	1.3	3.2	1.3	1.1	2.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.3%	3.6%	-11.7%	-14.2%
Adj EPS ⓘ	-8.6%	-10.1%	-32.6%	-67.8%
BVPSⓘ	15.2%	10.3%	5.1%	1.1%
Share Price	4.3%	0.9%	-0.2%	-6.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	31	25.8	13.9	9.6	9.8	24.8	13.8	6	11.3	3.5	6.7
Op. Profit Mgn % ⓘ	16.2	13.2	12	10.8	11.9	16.2	10.2	7.3	12.3	7.8	11.1
Net Profit Mgn % ⓘ	7.2	6.3	4.3	3.6	4.3	8.5	4.7	2.2	5.6	2.1	4.2
Debt to Equity ⓘ	1	1.4	0.5	0.6	0.6	0.5	0.5	0.4	0.2	0.3	-
Working Cap Days ⓘ	69	70	66	72	98	74	75	77	82	102	53
Cash Conv. Cycle ⓘ	25	20	21	30	44	26	27	31	31	40	3

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	13.2	13.3
TTM Sales (₹ Cr.)	1,409	1,409
BVPS (₹) ⓘ	200.9	199.6
Reserves (₹ Cr.) ⓘ	863	857
P/BV ⓘ	0.90	0.91
PE ⓘ	13.74	13.58

From the Market
52 Week Low / High (₹)	147.65 / 239.20
All Time Low / High (₹)	1.71 / 310.00
Market Cap (₹ Cr.)	819
Equity (₹ Cr.)	45.2
Face Value (₹)	10
Industry PE ⓘ	37.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

19.99

20.01

18.87

18.03

18.44

18.30

17.93

0.00

14.76

14.44

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

Valuation of NCL Industries - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	750	868	1,116	1,270	1,184	1,749	2,046	2,044	1,643	1,411
Operating Expenses ⓘ +	628	753	982	1,133	1,044	1,465	1,838	1,895	1,442	1,302
Manufacturing Costs	249	281	356	411	347	403	555	680	660	550
Material Costs	103	130	120	144	122	221	252	228	298	312
Employee Cost	28	31	35	39	42	50	57	60	66	75
Other Costs ⓘ	249	312	470	540	533	791	974	928	417	363
Operating Profit ⓘ	122	115	134	137	140	284	208	149	202	109
Operating Profit Margin (%)	16.2%	13.2%	12.0%	10.8%	11.9%	16.2%	10.2%	7.3%	12.3%	7.7%
Other Income ⓘ +	3	4	7	6	3	7	11	19	26	24
Exceptional Items ⓘ	-2	0	0	0	0	0	0	0	0	-10
Interest ⓘ	31	32	32	37	32	22	25	27	24	24
Depreciation ⓘ	25	25	35	45	42	41	45	48	56	56
Profit Before Tax ⓘ	67	62	74	61	69	228	150	93	148	43
Tax ⓘ	14	7	25	14	18	79	52	47	53	18
Profit After Tax	53	55	49	47	51	149	98	46	94	25
PAT Margin (%)	7.1%	6.3%	4.4%	3.7%	4.3%	8.5%	4.8%	2.3%	5.7%	1.8%
Adjusted EPS (₹)	14.5	14.9	10.9	10.4	11.2	32.9	21.7	10.2	20.8	5.6
Dividend Payout Ratio (%)	14%	17%	23%	24%	22%	12%	14%	30%	19%	53%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	197	227	461	499	528	665	744	775	855	864
Share Capital ⓘ	37	37	45	45	45	45	45	45	45	45
Reserves ⓘ	160	190	416	454	483	620	699	730	810	819
Debt +	102	304	219	266	287	266	250	208	146	174
Long Term Debt	45	277	205	187	165	237	213	208	146	147
Short Term Debt	56	27	14	79	122	30	37	0	0	27
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	28	45	48	72	66	73	71	90	90	151
Others Liabilities ⓘ	296	222	250	274	291	361	452	478	485	469
Total Liabilities ⓘ	623	798	978	1,112	1,172	1,365	1,517	1,550	1,575	1,659
Fixed Assets
Net Fixed Assets ⓘ +	392	385	693	658	695	789	773	986	969	922
Gross Block	671	411	752	763	842	998	1,004	1,264	1,292	1,295
Accumulated Depreciation	279	25	60	105	147	209	231	279	323	373
CWIP ⓘ	11	152	33	90	90	61	171	28	39	148
Investments ⓘ	0	0	0	0	0	30	50	35	51	50
Inventories	72	71	79	85	110	105	129	150	177	248
Trade Receivables	53	47	78	151	143	104	171	142	143	136
Cash Equivalents	21	12	16	22	19	68	11	35	44	21
Others Assets ⓘ	75	130	79	105	115	208	212	174	153	133
Total Assets ⓘ	623	798	978	1,112	1,172	1,365	1,517	1,550	1,575	1,659

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	130	18	156	71	106	237	106	208	183	96
PBT ⓘ	67	62	74	61	69	226	149	90	148	43
Adjustment ⓘ	56	56	66	80	73	61	69	73	78	76
Changes in Working Capital ⓘ	7	-86	32	-53	-18	16	-66	88	-9	-13
Tax Paid ⓘ	-7	-14	-15	-17	-19	-67	-45	-42	-33	-10
Cash Flow From Investing Activity ⓘ +	-18	-161	-223	-69	-78	-136	-139	-101	-64	-111
Capex	-18	-161	-223	-69	-78	-136	-139	-103	-65	-115
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	-0	2	1	3
Cash Flow From Financing Activity ⓘ +	-97	133	70	4	-31	-52	-25	-83	-110	-5
Net Proceeds from Shares ⓘ	-0	0	202	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-55	0	0	-18	-21	71	10	-6	-13	53
Interest Paid ⓘ	-29	-30	-30	-35	-30	-20	-24	-26	-22	-20
Dividend Paid ⓘ	-4	-9	-12	-8	-22	-11	-18	-14	-14	-16
Others ⓘ	-8	172	-90	65	42	-92	8	-37	-61	-23
Net Cash Flow ⓘ	15	-9	4	6	-4	49	-58	24	9	-20

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	30.73	25.82	14.28	9.76	9.89	24.92	13.93	6.06	11.56	2.95
ROCE (%)	26.92	19.95	17.25	13.17	12.37	27.5	17.12	11.29	16.41	6.24
Asset Turnover Ratio	1.64	1.64	1.5	1.4	1.16	1.52	1.56	1.51	1.33	1.1
PAT to CFO Conversion(x)	2.45	0.33	3.18	1.51	2.08	1.59	1.08	4.52	1.95	3.84
Working Capital Days
Receivable Days	18	16	17	29	41	23	22	25	25	29
Inventory Days	25	22	21	20	27	20	19	22	29	44
Payable Days	138	102	141	153	207	115	104	129	110	141

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NCL Industries Ltd FAQs

The current trading price of NCL Industries on 10-Apr-2026 16:59 is ₹181.2.

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-Apr-2026 the market cap of NCL Industries stood at ₹819.4 Cr

The latest P/E ratio of NCL Industries as of 09-Apr-2026 is 13.74.

The latest P/B ratio of NCL Industries as of 09-Apr-2026 is 0.90.

The 52-week high of NCL Industries is ₹239.2 and the 52-week low is ₹147.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NCL Industries is ₹1,409 ( 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 â€˜to provide comfortable housing at an affordable priceâ€™.

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 Workerâ€™s Welfare (Silver Rolling Trophy) for the year 2010-11.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

NCL Industries Ltd (NCLIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

NCL Industries Share Price