NCL Industries Ltd (IN:NCLIND)
:NCLIND
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NCL Industries Ltd
(NCLIND)
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Rating:49Neutral
Price Target:
₹180.00
▼(-13.27% Downside)
Action:ReiteratedDate:09/23/25
The overall stock score reflects significant challenges in financial performance, with declining revenue and profitability. Technical indicators show a lack of strong momentum, and the valuation suggests potential overvaluation. These factors collectively contribute to a cautious outlook for the stock.
Positive Factors
Improving leverage
A measurable improvement in debt-to-equity signals enhanced financial flexibility and lower solvency risk. Over 2-6 months this can reduce interest burden volatility, support funding for maintenance capex or capacity utilization, and provide more resilience through construction cycles.
Negative Factors
Declining revenue
A persistent drop in revenue reduces scale economies and weakens competitive position. Over several months lower topline limits the firm's ability to absorb fixed costs, fund product development or capacity upkeep, and undermines medium-term recovery prospects without clear demand improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
A measurable improvement in debt-to-equity signals enhanced financial flexibility and lower solvency risk. Over 2-6 months this can reduce interest burden volatility, support funding for maintenance capex or capacity utilization, and provide more resilience through construction cycles.
Read all positive factors
NCL Industries Ltd (NCLIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.19B
Dividend Yield1.52%
Average Volume (3M)3.83K
Price to Earnings (P/E)17.2
Beta (1Y)1.32
Revenue Growth-16.46%
EPS Growth-21.60%
CountryIN
Employees1,026
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)2.93
Shares Outstanding45,232,790
10 Day Avg. Volume3,091
30 Day Avg. Volume3,834
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)0.99
Price to Sales (P/S)0.60
P/FCF Ratio-16.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NCL Industries Ltd Business Overview & Revenue Model
Company Description
NCL Industries Limited manufactures and sells building materials in India. It operates through five segments: Cement, Boards, Readymade Doors, Energy, and Ready Mix Concrete. It offers cement, including ordinary Portland and pozzolana Portland cem...
How the Company Makes Money
NCL Industries makes money primarily by manufacturing and selling building materials to the construction supply chain (dealers/distributors, contractors, and project customers). Its core revenue stream is the sale of cement, where earnings are dri...
NCL Industries Ltd Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
60
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.08B | 14.11B | 18.71B | 16.10B | 16.33B | 13.84B |
| Gross Profit | 6.90B | 5.48B | 9.12B | 7.04B | 8.28B | 7.61B |
| EBITDA | 1.56B | 1.20B | 2.25B | 1.67B | 2.17B | 2.90B |
| Net Income | 500.84M | 251.97M | 932.19M | 442.87M | 943.50M | 1.45B |
Balance Sheet | ||||||
| Total Assets | 16.33B | 16.35B | 15.39B | 15.20B | 14.71B | 12.99B |
| Cash, Cash Equivalents and Short-Term Investments | 176.18M | 218.12M | 522.53M | 430.17M | 107.17M | 709.35M |
| Total Debt | 2.59B | 2.52B | 2.18B | 2.92B | 3.73B | 3.01B |
| Total Liabilities | 7.44B | 7.77B | 6.90B | 7.50B | 7.30B | 6.34B |
| Stockholders Equity | 8.89B | 8.58B | 8.49B | 7.70B | 7.41B | 6.65B |
Cash Flow | ||||||
| Free Cash Flow | 79.03M | -498.43M | 1.21B | 1.05B | -684.24M | 951.10M |
| Operating Cash Flow | 1.02B | 679.90M | 1.83B | 2.08B | 716.25M | 2.41B |
| Investing Cash Flow | -1.02B | -1.12B | -590.93M | -958.05M | -1.39B | -1.36B |
| Financing Cash Flow | -127.59M | 142.07M | -1.10B | -828.23M | 69.81M | -523.60M |
NCL Industries Ltd Technical Analysis
Neutral
207.55
Price Trends
179.34
Positive
188.97
Negative
199.57
Negative
Market Momentum
-1.04
Negative
55.28
Neutral
87.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NCLIND, the sentiment is Neutral. The current price of 207.55 is above the 20-day moving average (MA) of 170.85, above the 50-day MA of 179.34, and above the 200-day MA of 199.57, indicating a neutral trend. The MACD of -1.04 indicates Negative momentum. The RSI at 55.28 is Neutral, neither overbought nor oversold. The STOCH value of 87.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NCLIND.
NCL Industries Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹9.40B | 36.69 | ― | 2.08% | 4.65% | -127.24% | |
57 Neutral | ₹9.24B | 8.74 | ― | ― | 23.32% | 447.31% | |
55 Neutral | ₹6.89B | -22.13 | ― | 2.39% | 2.37% | 55.27% | |
49 Neutral | ₹8.19B | 17.17 | ― | 1.52% | -16.46% | -21.60% | |
48 Neutral | ₹9.26B | -467.16 | ― | 0.08% | -28.32% | 93.44% | |
44 Neutral | ₹10.49B | -48.17 | ― | 1.66% | 3.09% | -50.15% |
* Basic Materials Sector Average
IN:NCLIND
NCL Industries Ltd
181.15
-9.37
-4.92%
IN:DECCANCE
Deccan Cements Ltd
660.80
-101.38
-13.30%
IN:SAURASHCEM
Saurashtra Cement Limited
61.87
-21.62
-25.90%
IN:SHREDIGCEM
Shree Digvijay Cement Co. Ltd.
70.94
-1.63
-2.25%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
135.75
8.79
6.92%
IN:ZUARI
Zuari Agro Chemicals Ltd.
219.80
1.05
0.48%
NCL Industries Ltd Corporate Events
NCL Industries Posts Modest Cement Growth as Non-Core Segments Slump in FY 2026
Apr 11, 2026
NCL Industries reported modest growth in its core cement business for the March 2026 quarter and full year, with cement production up 2% year-on-year to 8,02,600 MT for the quarter and 27,68,119 MT for the year, and dispatches also rising by up to...
NCL Industries Confirms SEBI-Compliant Dematerialisation of Shares for March Quarter
Apr 8, 2026
NCL Industries has disclosed that its registrar and transfer agent has certified compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026. The certificate confirms that phys...
NCL Industries Shareholders Clear Special Resolution to Appoint Independent Director
Apr 1, 2026
NCL Industries Ltd has announced the results of a postal ballot in which shareholders approved a special resolution to appoint Dr. Durga Prasad Subramanyam Anapindi as an independent director. The resolution, conducted through remote e-voting betw...
NCL Industries Reports Loss of Physical Share Certificates, Moves to Issue Duplicates
Mar 26, 2026
NCL Industries Ltd has disclosed to the stock exchanges that its registrar and transfer agent has reported the loss of certain physical share certificates held by investors. The company has notified the exchanges under SEBI’s Regulation 39(3...
NCL Industries Reports Loss of Physical Share Certificates, Moves to Issue Duplicates
Mar 3, 2026
NCL Industries Ltd has notified the stock exchanges about the reported loss of certain physical share certificates, in line with Regulation 39(3) of the SEBI Listing Obligations and Disclosure Requirements. The company, through its registrar and t...
NCL Industries Discloses Loss of Share Certificates and Move to Issue Duplicates
Feb 8, 2026
NCL Industries Ltd has notified the stock exchanges that its registrar and transfer agent, Venture Capital and Corporate Investments Pvt. Ltd., has reported the loss of certain physical share certificates held by individual shareholders. In line w...
NCL Industries Discloses Loss of Physical Share Certificates and Duplicate Requests
Jan 23, 2026
NCL Industries Ltd has informed the stock exchanges that its registrar and transfer agent has reported the loss of certain physical share certificates held by shareholders and has received requests for issuance of duplicate certificates. The discl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.