Noida Toll Bridge Co. Ltd. (IN:NOIDATOLL)
:NOIDATOLL
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Noida Toll Bridge Co. Ltd.
(NOIDATOLL)
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Rating:45Neutral
Price Target:
₹3.50
▼(-23.91% Downside)
Action:ReiteratedDate:04/09/26
The score is primarily constrained by weak financial performance (losses, negative margins, and negative equity indicating heightened balance-sheet risk). Technical indicators are neutral-to-weak with a negative MACD and price below longer-term averages. Valuation is a partial offset due to the very low P/E, but no dividend yield is provided.
Positive Factors
Stable toll concession revenue
The company operates an essential tolled corridor (DND Flyway), creating a structurally recurring revenue stream tied to vehicle usage. Such concession-based cash flows are durable over multi-year horizons, supporting predictable operations and maintenance funding despite cyclical traffic shifts.
Negative Factors
Negative shareholders' equity
Negative equity signals cumulative losses have eroded capital, raising solvency and covenant risks. This limits access to fresh capital, increases refinancing costs, and constrains strategic options; the condition can persistently impair creditworthiness and raise long-term funding vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable toll concession revenue
The company operates an essential tolled corridor (DND Flyway), creating a structurally recurring revenue stream tied to vehicle usage. Such concession-based cash flows are durable over multi-year horizons, supporting predictable operations and maintenance funding despite cyclical traffic shifts.
Read all positive factors
Noida Toll Bridge Co. Ltd. (NOIDATOLL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹714.99M
Dividend YieldN/A
Average Volume (3M)12.78K
Price to Earnings (P/E)1.3
Beta (1Y)1.50
Revenue Growth5.77%
EPS GrowthN/A
CountryIN
Employees4
SectorServices
Sector StrengthN/A
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.82
Shares Outstanding186,195,000
10 Day Avg. Volume10,052
30 Day Avg. Volume12,781
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.29
Price to Sales (P/S)1.27
P/FCF Ratio3.42
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
Noida Toll Bridge Co. Ltd. Business Overview & Revenue Model
Company Description
Noida Toll Bridge Company Limited develops, establishes, constructs, operates, and maintains Delhi Noida toll bridge on a build-own-operate-transfer basis in India. It also provides space advertisement and offices. The company was incorporated in ...
How the Company Makes Money
The company’s earnings have historically been driven by (1) tolling and road-usage related income from operating the DND Flyway and associated assets and (2) real estate-related income from property development/monetization through subsidiaries/as...
Noida Toll Bridge Co. Ltd. Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
30
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 407.57M | 402.40M | 208.36M | 237.24M | 161.37M | 129.31M |
| Gross Profit | 147.34M | 402.40M | -299.53M | -337.89M | -369.50M | -372.01M |
| EBITDA | -2.10B | -2.17B | 68.89M | 61.09M | -3.15M | 12.52M |
| Net Income | -2.35B | -2.44B | -317.30M | -352.02M | -413.04M | -397.77M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 818.17M | 3.48B | 3.82B | 4.03B | 4.44B |
| Cash, Cash Equivalents and Short-Term Investments | 344.97M | 344.97M | 405.10M | 405.38M | 137.97M | 114.13M |
| Total Debt | 0.00 | 429.06M | 667.08M | 667.08M | 667.08M | 667.08M |
| Total Liabilities | 397.45M | 1.22B | 1.43B | 1.46B | 1.32B | 1.31B |
| Stockholders Equity | -397.45M | -397.93M | 2.04B | 2.36B | 2.71B | 3.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 150.00M | -42.38M | 237.34M | 13.62M | -11.40M |
| Operating Cash Flow | 0.00 | 151.23M | -39.43M | 238.49M | 25.22M | -11.32M |
| Investing Cash Flow | 0.00 | 93.52M | 30.90M | -237.27M | -16.36M | -3.79M |
| Financing Cash Flow | 0.00 | -238.05M | -79.00K | -236.00K | -258.00K | -102.00K |
Noida Toll Bridge Co. Ltd. Technical Analysis
Neutral
4.60
Price Trends
3.67
Positive
3.94
Negative
4.07
Negative
Market Momentum
0.03
Negative
53.53
Neutral
66.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NOIDATOLL, the sentiment is Neutral. The current price of 4.6 is above the 20-day moving average (MA) of 3.43, above the 50-day MA of 3.67, and above the 200-day MA of 4.07, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.53 is Neutral, neither overbought nor oversold. The STOCH value of 66.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NOIDATOLL.
Noida Toll Bridge Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹898.93M | 20.28 | ― | ― | -34.89% | -59.38% | |
47 Neutral | ₹1.73B | 2.58 | ― | ― | -52.25% | -76.67% | |
45 Neutral | ₹714.99M | 1.30 | ― | ― | 5.77% | ― | |
43 Neutral | ₹1.01B | -0.31 | ― | ― | 13.86% | -104.64% |
* Services Sector Average
IN:NOIDATOLL
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Noida Toll Bridge Co. Ltd. Corporate Events
Noida Toll Bridge Publishes Q3 FY2025 Financial Results in Leading Dailies
Feb 1, 2026
Noida Toll Bridge Company Limited has announced that it has published its financial results for the quarter and nine months ended 31 December 2025 in leading newspapers, including Financial Express (Delhi and Mumbai editions) and Jansatta (Delhi)....
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.