NCL Industries Ltd (NCLIND) AI Stock Analysis

• Market Cap: ₹9.79B
• Dividend Yield: 1.67%
• Average Volume (3M): 9.48K
• Price to Earnings (P/E): 30.2
• Beta (1Y): 1.17
• Revenue Growth: -21.99%
• EPS Growth: -56.72%
• Country: IN
• Employees: 1,026
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Construction Materials
• EPS (TTM): 4.48
• Shares Outstanding: 45,232,790
• 10 Day Avg. Volume: 5,968
• 30 Day Avg. Volume: 9,480
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹220.00
• Price Target Upside: -0.70% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: ₹220.00 ▼(-0.70% Downside)

NCL Industries Ltd faces significant financial challenges with declining revenue and profitability, which heavily impacts its overall score. Technical indicators suggest bearish momentum, and the valuation indicates the stock may be overpriced. The absence of earnings call data and corporate events limits additional insights.

NCL Industries Ltd Business Overview & Revenue Model

Company Description

NCL Industries Ltd (NCLIND) is an established company in India, primarily operating in the building materials sector. The company is involved in the production and supply of cement, ready-mix concrete, and other construction products. Additionally, NCL Industries has diversified its portfolio to include energy-efficient and eco-friendly products such as particle boards and doors, catering to both individual and commercial construction needs.

How the Company Makes Money

NCL Industries Ltd generates revenue through its diverse range of building material products. The company's primary revenue stream is the sale of cement, which is a staple in the construction industry. Additionally, NCL Industries earns income from its ready-mix concrete and particle board divisions, which supply essential materials for various construction projects. The company also capitalizes on the growing demand for eco-friendly construction materials by offering energy-efficient products like doors and boards. Strategic partnerships and a robust distribution network further enhance its market reach, contributing significantly to its financial performance.

NCL Industries Ltd Financial Statement Overview

Summary

NCL Industries Ltd has faced declining revenue and profitability over the past year, with weakening margins and lower free cash flow. While leverage has improved marginally, the overall financial health reflects challenges in maintaining growth and liquidity.

Income Statement

The company has shown a decline in revenue from 2024 to 2025, indicating a negative revenue growth rate. Gross profit and net income margins have also decreased over the past year, showing a downward trend in profitability. The EBIT and EBITDA margins have contracted, suggesting reduced operational efficiency.

Balance Sheet

The debt-to-equity ratio improved slightly, indicating better leverage management. However, the equity ratio remains relatively stable, suggesting no significant improvement in asset financing stability. Return on equity has declined, reflecting reduced profitability for shareholders.

Cash Flow

Free cash flow has turned negative in the most recent year, indicating potential liquidity challenges. The operating cash flow to net income ratio has decreased, suggesting less cash generation relative to net income. Free cash flow to net income ratio reflects similar liquidity concerns.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2020
Income Statement
Total Revenue	14.11B	18.71B	16.10B	16.33B	9.38B
Gross Profit	5.48B	9.12B	8.33B	8.28B	4.69B
EBITDA	1.20B	2.25B	1.58B	2.14B	1.39B
Net Income	251.97M	932.19M	442.87M	943.50M	508.42M
Balance Sheet
Total Assets	16.35B	15.39B	15.20B	14.71B	11.53B
Cash, Cash Equivalents and Short-Term Investments	215.65M	522.53M	430.17M	90.19M	95.24M
Total Debt	2.52B	2.18B	2.92B	3.73B	3.20B
Total Liabilities	7.77B	6.90B	7.50B	7.30B	6.25B
Stockholders Equity	8.58B	8.49B	7.70B	7.41B	5.28B
Cash Flow
Free Cash Flow	-498.43M	1.21B	1.05B	-684.24M	267.72M
Operating Cash Flow	679.90M	1.83B	2.08B	716.25M	1.06B
Investing Cash Flow	-1.12B	-590.93M	-958.05M	-1.39B	-784.99M
Financing Cash Flow	142.07M	-1.10B	-828.23M	100.83M	-309.66M

NCL Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 221.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NCLIND, the sentiment is Negative. The current price of 221.55 is below the 20-day moving average (MA) of 221.78, below the 50-day MA of 221.59, and above the 200-day MA of 209.38, indicating a bearish trend. The MACD of -3.23 indicates Positive momentum. The RSI at 34.80 is Neutral, neither overbought nor oversold. The STOCH value of 7.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NCLIND.

NCL Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZUARI	73 Outperform	₹15.74B	6.15		―	―	―
SHREDIGCEM	68 Neutral	₹12.16B	43.89		3.65%	-4.08%	-66.39%
DECCANCE	64 Neutral	₹14.87B	74.10		0.28%	-35.17%	-22.61%
SAURASHCEM	63 Neutral	₹13.32B	95.76		1.67%	-7.59%	-74.43%
TNPL	52 Neutral	₹10.52B	310.83		2.51%	-0.66%	-125.21%
NCLIND	49 Neutral	₹9.79B	30.17		1.67%	-21.99%	-56.72%
Sector *	44 Neutral	AU$1.54B	-7.28	-26.52%	4.40%	-3.13%	-36.41%

NCL Industries Ltd Corporate Events

NCL Industries Announces Key Board Decisions and Leadership Changes

NCL Industries Ltd held a board meeting on August 8, 2025, where several key decisions were made. The board approved the un-audited financial results for the first quarter of 2025, scheduled the annual general meeting for September 25, 2025, and appointed Mrs. Renu Challu as an additional independent director and chairperson. Additionally, Mr. NGVSG Prasad was reappointed as Executive Director and CFO, and M/s A J Sharma & Associates were appointed as secretarial auditors. These changes signal a strategic alignment and leadership transition aimed at strengthening the company’s governance and operational framework.