North Eastern Carrying Corp. Ltd. (IN:NECCLTD)
:NECCLTD
Want to see IN:NECCLTD full AI Analyst Report?
Top Page
North Eastern Carrying Corp. Ltd.
(NECCLTD)
Select Model
Select Model
Rating:57Neutral
Price Target:
₹17.50
▼(-3.42% Downside)
Action:Reiterated
Date:06/12/26
The score is held back primarily by consistently negative operating and free cash flow despite positive earnings, which weakens earnings quality and raises funding risk. Improving leverage and equity provide stability, while technicals are supportive but show overbought signals. Valuation appears neutral given current profitability and cash-generation challenges.
Positive Factors
Diverse logistics services
NECCLTD’s broad service mix — FTL, LTL, warehousing, distribution and multimodal transport — creates multiple revenue streams and customer touchpoints. That diversity reduces single-market exposure, supports cross-sell opportunities and strengthens long-term client relationships across supply chains.
Negative Factors
Persistent negative operating cash flow
Consistently negative operating and free cash flows indicate the business is not self-funding and requires external financing to sustain operations or capex. Over time this elevates execution and funding risk, constrains reinvestment capacity, and can erode financial flexibility if losses persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse logistics services
NECCLTD’s broad service mix — FTL, LTL, warehousing, distribution and multimodal transport — creates multiple revenue streams and customer touchpoints. That diversity reduces single-market exposure, supports cross-sell opportunities and strengthens long-term client relationships across supply chains.
Read all positive factors
North Eastern Carrying Corp. Ltd. (NECCLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.66B
Dividend YieldN/A
Average Volume (3M)9.46K
Price to Earnings (P/E)19.3
Beta (1Y)1.81
Revenue Growth-6.29%
EPS Growth-24.76%
CountryIN
Employees478
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)0.80
Shares Outstanding100,000,000
10 Day Avg. Volume6,384
30 Day Avg. Volume9,462
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.47
Price to Sales (P/S)0.35
P/FCF Ratio-4.41
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
Established in 1984 and headquartered in Delhi, India, North Eastern Carrying Corporation Limited (NECCL) delivers an extensive array of transportation and logistics solutions. Its operational reach spans India, Nepal, Bhutan, and Bangladesh. The ...
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
66
Positive
Balance Sheet
73
Positive
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.08B | 3.29B | 3.35B | 3.06B | 2.50B |
| Gross Profit | 278.44M | 375.54M | 391.24M | 341.17M | 270.82M |
| EBITDA | 169.25M | 226.76M | 216.63M | 202.74M | 155.15M |
| Net Income | 77.51M | 102.53M | 80.22M | 57.71M | 42.58M |
Balance Sheet | |||||
| Total Assets | 3.72B | 3.45B | 3.17B | 2.43B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 95.79M | 155.04M | 212.47M | 81.45M | 76.65M |
| Total Debt | 1.24B | 1.06B | 1.03B | 1.19B | 1.01B |
| Total Liabilities | 1.45B | 1.26B | 1.23B | 1.39B | 1.19B |
| Stockholders Equity | 2.27B | 2.19B | 1.94B | 1.05B | 989.36M |
Cash Flow | |||||
| Free Cash Flow | -242.78M | -258.79M | -490.68M | -180.12M | -133.33M |
| Operating Cash Flow | -90.08M | -212.38M | -462.10M | -144.11M | -102.09M |
| Investing Cash Flow | -157.78M | -18.26M | -60.02M | -31.89M | -24.26M |
| Financing Cash Flow | 188.60M | 173.22M | 653.14M | 180.82M | 147.69M |
North Eastern Carrying Corp. Ltd. Technical Analysis
Positive
18.12
Price Trends
15.64
Positive
14.93
Positive
17.57
Negative
Market Momentum
0.33
Negative
60.30
Neutral
49.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NECCLTD, the sentiment is Positive. The current price of 18.12 is above the 20-day moving average (MA) of 15.67, above the 50-day MA of 15.64, and above the 200-day MA of 17.57, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 60.30 is Neutral, neither overbought nor oversold. The STOCH value of 49.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹928.27M | 9.72 | ― | 2.13% | 4.25% | 18.41% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹40.25B | 17.59 | ― | 2.79% | 1.90% | 29.42% | |
61 Neutral | ₹3.33B | 12.41 | ― | 0.66% | 1.68% | -53.56% | |
60 Neutral | ₹7.17B | 20.40 | ― | ― | 26.02% | -19.14% | |
57 Neutral | ₹1.66B | 19.32 | ― | ― | -6.29% | -24.76% | |
48 Neutral | ₹2.53B | 47.63 | ― | ― | -43.40% | ― |
* Industrials Sector Average
IN:NECCLTD
North Eastern Carrying Corp. Ltd.
16.97
-7.67
-31.13%
IN:AVG
AVG Logistics Ltd.
169.90
-107.79
-38.82%
IN:LANCER
Lancer Container Lines Ltd
10.26
-6.16
-37.52%
IN:PATINTLOG
Patel Integrated Logistics Ltd.
13.90
-1.77
-11.30%
IN:RITCO
Ritco Logistics Ltd.
253.45
-22.55
-8.17%
IN:VRLLOG
VRL Logistics Ltd.
239.40
-34.44
-12.58%
North Eastern Carrying Corp. Ltd. Corporate Events
NECC Converts Promoter Loans Into Equity via Preferential Allotment
Jun 6, 2026
North Eastern Carrying Corporation Limited has approved the allotment of 4.5 million new equity shares with a face value of Rs. 10 each at an issue price of Rs. 15.18 per share to promoter Sunil Kumar Jain. The preferential allotment, totaling abo...
North Eastern Carrying Corp Shuts Trading Window Ahead of FY26 Results
Mar 25, 2026
North Eastern Carrying Corporation Limited has announced the closure of its trading window for equity shares starting April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. The window ...
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.