MoneyWorks4Me

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

₹320.40 0.10 (0.03%)

As on 25-Aug'26 14:43

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

₹320.40 0.10 (0.03%)

As on 25-Aug'26 14:43

Key Metrics
Valuation Multiples
Market Cap
₹11,440 Cr.
Current Price
₹320.4
52-Week Low / High
₹276 / 477
TTM EPS
₹7.5
TTM Sales
₹10,050 Cr.
Book Value per Share
₹266.8
P/E Ratio
42.80
Lower than its 5-year historical median
Industry PE
37.6
Price to Book (P/B)
1.20
Lower than its 5-year historical median
Price to Sales (P/S)
1.14
Lower than its 5-year historical median
EV/EBITDA
10.03
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.80%
Underperforms industry median
Return on Capital Employed (ROCE)
6.38%
Underperforms industry median
Return on Assets (ROA)
1.56%
Operating Profit Margin
13.8%
Net Profit Margin
2.66%
Gross Profit Margin
9.5%
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
34.57%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
542.59%
Asset Quality
Promoter Holding
72.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9,172 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

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
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.

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 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 10.95%, compared to the industry median CAGR of 6.15%, 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 -9.71% 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.
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 5,1576,0947,0536,7935,8057,3428,5828,9398,7259,76210,050
Sales YoY Gr.-18.2%15.7%-3.7%-14.5%26.5%16.9%4.2%-2.4%11.9%-
Adj EPS 11.29.3-2.19.70.41.47.34.11.17.57.5
YoY Gr.--17.5%-123.1%NA-96.2%281.1%414.2%-43.6%-73.8%600.9%-
BVPS (₹) 263.3274.5249.7217.8234249251.5255.8256.8264.1266.8
Adj Net
Profit
168139-42.723511.850.225914638.2268267
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%
BVPS0%2.5%1.6%2.8%
Share Price - -9.7% -1.6% -29.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
4.13.5-0.94.60.20.62.91.60.42.92.8
Op. Profit
Mgn %
14.116.212.819.119.314.29.612.311.513.813.8
Net Profit
Mgn %
3.32.3-0.63.50.20.731.60.42.72.7
Debt to
Equity
1.11.10.90.90.80.40.40.30.30.4-
Working Cap
Days
10710598110149148137113898951
Cash Conv.
Cycle
1-156464-2-7-9-31

Valuation of Nuvoco Vistas Corpn. - Standalone

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
Sales5,1576,0947,0536,7935,8057,3428,5828,9398,7259,762
Operating Expenses + 4,4295,1066,1495,4964,6856,3047,7627,8407,7238,414
Manufacturing Costs1,3771,5972,0521,8351,5522,1922,7122,2892,2672,364
Material Costs1,1541,2701,4451,2301,0671,7552,4232,7822,6172,819
Employee Cost 290320381405404456481557557610
Other Costs 1,6081,9192,2712,0271,6631,9022,1462,2112,2822,621
Operating Profit 7289899031,2971,1201,0388201,1001,0011,347
Operating Profit Margin (%) 14.1%16.2%12.8%19.1%19.3%14.1%9.5%12.3%11.5%13.8%
Other Income + 29545337831169812016105
Exceptional Items -1800000-23800-19
Interest 231425452419517401353368355399
Depreciation 313392485528587652696644621643
Profit Before Tax 1962261938799101-37020842392
Tax 3068431387746-461552132
Profit After Tax 166158-2424923559015340260
PAT Margin (%) 3.2%2.6%-0.3%3.7%0.4%0.8%1.1%1.7%0.5%2.7%
Adjusted EPS (₹)11.010.5-1.210.30.71.52.54.31.17.3
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 + 3,9494,1174,9945,2797,3728,8938,9849,1359,1739,431
Share Capital 150150200242315357357357357357
Reserves 3,7993,9674,7945,0377,0578,5368,6278,7788,8169,074
Debt +4,2983,2103,3183,5933,8942,7712,2232,0651,6293,086
Long Term Debt4,2983,2063,3182,9313,8942,7712,2232,0651,6032,361
Short Term Debt040661000025725
Minority Interest0000000000
Trade Payables7406817657866668701,1181,2261,2181,252
Others Liabilities 2,2983,6154,1333,7874,8404,1014,0974,0253,9933,590
Total Liabilities 11,28511,62413,21013,44416,77316,63516,42116,45116,01217,359

Fixed Assets

Net Fixed Assets +8,9158,6889,8429,9699,78610,34410,06010,1549,9699,725
Gross Block12,71312,86613,87714,49914,83416,00916,32416,92417,10517,296
Accumulated Depreciation3,7984,1784,0354,5305,0495,6656,2646,7707,1367,571
CWIP 14314460564796114430521910192
Investments 41284445602,5812,4572,2713,5013,5014,312
Inventories361430585603502768707666511538
Trade Receivables444415500506387459607697691815
Cash Equivalents 7743125511443931808516279
Others Assets 9331,0591,0981,2082,1132,3702,2901,1301,0771,799
Total Assets 11,28511,62413,21013,44416,77316,63516,42116,45116,01217,359
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 9229518461,0281,3868351,0231,0481,1001,041
PBT 1962261938799101-37020842392
Adjustment 5227418679401,0169801,230916939938
Changes in Working Capital 26475-23-199310-190185-47114-260
Tax Paid -60-91-16-100-39-57-22-294-28
Cash Flow From Investing Activity + -529-602-149-313-3,799-209-135-410-255-1,595
Capex -141-217-581-569-516-365-353-416-262-150
Net Investments -396-391418245-731242155211
Others 861411-3,21032315-1,456
Cash Flow From Financing Activity + -503-383-636-5592,575-981-774-733-768471
Net Proceeds from Shares 0-21001,6001,5000000
Net Proceeds from Borrowing -3000-400-2201,067-2,002-351-269-336292
Interest Paid -203-366-385-358-488-361-307-336-317-331
Dividend Paid 0000000000
Others 0414819396-118-116-128-115510
Net Cash Flow -110-3461156162-355115-9577-83
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.063.92-0.524.850.360.681.011.690.442.8
ROCE (%)6.697.775.218.335.443.96-0.144.753.336.38
Asset Turnover Ratio0.670.550.610.560.430.490.580.60.60.67
PAT to CFO Conversion(x)5.556.02N/A4.1360.2615.1811.376.8527.54
Working Capital Days
Receivable Days30.3024.9021.9024.5025.101920.2024.1025.8024.70
Inventory Days25.6022.9024.3028.903128.502825.4021.9017.20
Payable Days216204.30182.70230.10248.40159.70149.70153.80170.40159.80

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nuvoco Vistas Corporation Ltd FAQs

The current trading price of Nuvoco Vistas Corpn. on 25-Aug-2026 14:43 is ₹320.4.

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 24-Aug-2026 the market cap of Nuvoco Vistas Corpn. stood at ₹11,439.7 Cr

The latest P/E ratio of Nuvoco Vistas Corpn. as of 24-Aug-2026 is 42.80.

The latest P/B ratio of Nuvoco Vistas Corpn. as of 24-Aug-2026 is 1.20.

The 52-week high of Nuvoco Vistas Corpn. is ₹477.4 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 ₹10,050 ( 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 is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. It is one of the leading ready-mix concrete manufacturers in India. The company’s Cement Plants are strategically located with road and rail connectivity to its key markets of East India and North India. Its plants are also located in proximity to its limestone reserves and other raw materials, such as slag and fly ash. It transport clinker from its integrated cement plants to its grinding units via rail and road. Gypsum, coal, slag and pet coke, which are essential raw materials for the manufacture of cement and generation of power for its captive power plants, are sourced via rail and road. It has captive railway sidings at six of its plants, these give it a significant competitive advantage in transporting raw materials and finished products from these plants.

The company distributes its products through the trade segment, which mainly caters to individual home buyers (Trade Segment), and the non-trade segment, which is mainly via direct sales to institutional and bulk buyers. Its focus is on the Trade Segment, where its distribution channels are a mix of wholesale and retail dealers and a sub-dealer network. It has developed strong relationships with its channel partners over the years and built a loyal base of customers across its operational markets with the aim to achieve both its customers’ and its own growth objectives. It operates through a range of distribution channels and direct sales to improve its reach to customers.

Business area of the company

The company is the fifth-largest player in India and the largest cement company in East India, in terms of capacity. It offers a range of over 50 products across cement, RMX and modern building materials. Its diversified portfolio includes products and brands as follows:

  • Cement: The company’s cement portfolio includes different types of Cement like Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC) and Portland Composite Cement (PCC). As a part of its cement portfolio it has leading brands with multiple products under each brand including Concreto, Duraguard, Premium Slag Cement, Nirmax, Double Bull, Infracem and Procem. Our key brands include Concreto, Concreto Green, Duraguard, Duraguard Microfiber, Duraguard Waterseal, Duraguard Silver, Duraguard Rapidx Xtra, Premium Slag Cement, Nirmax Cement, Infracem Cement, Double Bull Cement, Procem Cement, Double Bull Master and Double Bull Subh. After being launched in 2004 Concreto has been one its best-selling brands, while Concreto and Duraguard are market leaders in terms of cement prices in the respective segment as well as regions.
  • Ready Mix Concrete (RMX): The company’s brand portfolio in its ready-mix concrete business includes Concreto, Instamix, Artiste and X-Con range of products. This portfolio includes products such as self-compacting concrete, decorative concrete, ready-to-use concrete, crack-resistant concrete, concrete with steel fibers, and lean concrete, as well as concrete with varied characteristics for specialty uses.
  • Modern Building Materials: The company’s modern building material products are a key differentiator for it. Its suite of products under this category include a range of construction chemicals, tile adhesives, wall putty, dry plaster, cover blocks and ready-mix dry concrete. Its modern building material products are marketed and sold under the ‘Zero M’ and ‘Instamix’ brands.

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 our 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.

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.
You have 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: