North Eastern Carrying Corp. Ltd. (IN:NECCLTD)
:NECCLTD
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North Eastern Carrying Corp. Ltd.
(NECCLTD)
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Rating:47Neutral
Price Target:
₹12.00
▼(-33.77% Downside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak cash flow (negative operating and free cash flow) and a bearish technical trend with negative MACD and price below key moving averages. These are partially offset by some margin improvement, a relatively solid equity base, and a moderate P/E valuation.
Positive Factors
Margin Improvement
Sustained improvement in gross and EBIT/EBITDA margins signals better cost control and operating leverage. Over 2-6 months this supports resilience to revenue volatility, improves unit economics, and increases the chance of translating operating gains into eventual cash flow recovery.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flow is a structural weakness: it limits reinvestment, forces reliance on external financing, and increases vulnerability to rate rises or credit tightening. Over months this constrains strategic options and raises refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Sustained improvement in gross and EBIT/EBITDA margins signals better cost control and operating leverage. Over 2-6 months this supports resilience to revenue volatility, improves unit economics, and increases the chance of translating operating gains into eventual cash flow recovery.
Read all positive factors
North Eastern Carrying Corp. Ltd. (NECCLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.20B
Dividend YieldN/A
Average Volume (3M)9.46K
Price to Earnings (P/E)13.1
Beta (1Y)1.28
Revenue Growth-8.31%
EPS Growth-40.98%
CountryIN
Employees478
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)0.34
Shares Outstanding99,946,365
10 Day Avg. Volume6,384
30 Day Avg. Volume9,462
Financial Highlights & Ratios
PEG Ratio1.03
Price to Book (P/B)1.10
Price to Sales (P/S)0.73
P/FCF Ratio-9.27
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
North Eastern Carrying Corp. Ltd. Business Overview & Revenue Model
Company Description
North Eastern Carrying Corporation Limited provides transportation and logistics services in India, Nepal, Bhutan, and Bangladesh. The company small parcels, as well as full truck load, project, and over dimensional consignments. It also offers co...
How the Company Makes Money
NECCLTD primarily generates revenue through its logistics and transportation services. The company earns income by charging clients for the transportation of goods based on factors such as distance, load weight, mode of transport (road, rail, or m...
North Eastern Carrying Corp. Ltd. Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.00B | 3.29B | 3.35B | 3.06B | 2.50B | 2.31B |
| Gross Profit | 296.30M | 375.54M | 391.24M | 341.17M | 270.82M | 200.14M |
| EBITDA | 219.42M | 226.76M | 216.63M | 202.74M | 155.15M | 115.28M |
| Net Income | 88.11M | 102.53M | 80.22M | 57.71M | 42.58M | 14.30M |
Balance Sheet | ||||||
| Total Assets | 3.66B | 3.45B | 3.17B | 2.43B | 2.18B | 1.96B |
| Cash, Cash Equivalents and Short-Term Investments | 108.03M | 155.04M | 212.47M | 81.45M | 76.65M | 55.30M |
| Total Debt | 1.20B | 1.06B | 1.03B | 1.19B | 1.01B | 861.68M |
| Total Liabilities | 1.40B | 1.26B | 1.23B | 1.39B | 1.19B | 1.02B |
| Stockholders Equity | 2.26B | 2.19B | 1.94B | 1.05B | 989.36M | 947.20M |
Cash Flow | ||||||
| Free Cash Flow | -178.12M | -258.79M | -490.68M | -180.12M | -133.33M | -106.99M |
| Operating Cash Flow | -22.68M | -212.38M | -462.10M | -144.11M | -102.09M | -105.09M |
| Investing Cash Flow | -164.68M | -18.26M | -60.02M | -31.89M | -24.26M | 3.97M |
| Financing Cash Flow | 140.34M | 173.22M | 653.14M | 180.82M | 147.69M | 100.49M |
North Eastern Carrying Corp. Ltd. Technical Analysis
Negative
18.12
Price Trends
14.48
Negative
17.07
Negative
19.63
Negative
Market Momentum
-0.65
Positive
34.15
Neutral
3.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NECCLTD, the sentiment is Negative. The current price of 18.12 is above the 20-day moving average (MA) of 13.35, above the 50-day MA of 14.48, and below the 200-day MA of 19.63, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 34.15 is Neutral, neither overbought nor oversold. The STOCH value of 3.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NECCLTD.
North Eastern Carrying Corp. Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ₹1.24B | 151.57 | ― | ― | 13.74% | -118.80% | |
47 Neutral | ₹1.20B | 13.10 | ― | ― | -8.31% | -40.98% | |
40 Underperform | ₹3.34B | -233.64 | ― | ― | -6.13% | 98.35% | |
40 Underperform | ₹105.30M | -2.65 | ― | ― | ― | ― | |
39 Underperform | ₹13.67B | 3.00 | ― | ― | 76.34% | 94.50% |
* Industrials Sector Average
IN:NECCLTD
North Eastern Carrying Corp. Ltd.
12.05
-8.71
-41.96%
IN:FELIX
Felix Industries Ltd
174.15
32.15
22.64%
IN:IL&FSENGG
IL&FS Engineering & Construction Co. Ltd.
25.49
-13.52
-34.66%
IN:MAGNUM
Magnum Ventures Limited.
18.16
-5.77
-24.11%
IN:PBAINFRA
PBA Infrastructure Limited
7.80
-0.28
-3.47%
IN:SICALLOG
Sical Logistics Limited.
65.47
-5.01
-7.11%
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.