Noida Toll Bridge Co. Ltd. (IN:NOIDATOLL)
:NOIDATOLL
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Noida Toll Bridge Co. Ltd.
(NOIDATOLL)
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Rating:64Neutral
Price Target:
₹6.50
▲(41.30% Upside)
Action:Reiterated
Date:05/21/26
The score is held back mainly by financial risk: despite a sharp 2026 earnings and cash-flow rebound, negative equity and prior multi-year losses create balance-sheet fragility and uncertainty about sustainability. Offsetting this, technicals are strong with price well above key moving averages and positive MACD, and valuation looks attractive on a very low P/E.
Positive Factors
Strong 2026 cash generation
The large operating cash flow and near‑parity free cash flow (~490M) versus reported earnings indicate the business can convert profits into cash. This materially improves short‑term financial flexibility for capex, maintenance of toll assets and potential deleveraging over the 2–6 month horizon.
Negative Factors
Negative equity and elevated leverage risk
Negative shareholders' equity signals balance‑sheet fragility and reduces financial cushion against shocks. It complicates refinancing, may trigger covenant issues and limits strategic flexibility, making the company vulnerable to funding stress over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2026 cash generation
The large operating cash flow and near‑parity free cash flow (~490M) versus reported earnings indicate the business can convert profits into cash. This materially improves short‑term financial flexibility for capex, maintenance of toll assets and potential deleveraging over the 2–6 month horizon.
Read all positive factors
Noida Toll Bridge Co. Ltd. (NOIDATOLL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.15B
Dividend YieldN/A
Average Volume (3M)12.78K
Price to Earnings (P/E)2.0
Beta (1Y)1.21
Revenue Growth6.54%
EPS GrowthN/A
CountryIN
Employees4
SectorServices
Sector StrengthN/A
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)-12.60
Shares Outstanding186,195,000
10 Day Avg. Volume10,052
30 Day Avg. Volume12,781
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-4.32
Price to Sales (P/S)1.27
P/FCF Ratio1.11
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
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Noida Toll Bridge Co. Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
28
Negative
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 407.57M | 428.70M | 402.40M | 208.36M | 237.24M | 161.37M |
| Gross Profit | 147.34M | 173.17M | 402.40M | -299.53M | -337.89M | -369.50M |
| EBITDA | -2.10B | 120.46M | -2.17B | 68.89M | 61.09M | -3.15M |
| Net Income | -2.35B | 271.91M | -2.44B | -317.30M | -352.02M | -413.04M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.07B | 818.17M | 3.48B | 3.82B | 4.03B |
| Cash, Cash Equivalents and Short-Term Investments | 344.97M | 854.17M | 344.97M | 405.10M | 405.38M | 137.97M |
| Total Debt | 0.00 | 429.06M | 429.06M | 667.08M | 667.08M | 667.08M |
| Total Liabilities | 397.45M | 1.19B | 1.22B | 1.43B | 1.46B | 1.32B |
| Stockholders Equity | -397.45M | -125.98M | -397.93M | 2.04B | 2.36B | 2.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 490.21M | 150.00M | -42.38M | 237.34M | 13.62M |
| Operating Cash Flow | 0.00 | 504.42M | 151.23M | -39.43M | 238.49M | 25.22M |
| Investing Cash Flow | 0.00 | -516.67M | 93.52M | 30.90M | -237.27M | -16.36M |
| Financing Cash Flow | 0.00 | 0.00 | -238.05M | -79.00K | -236.00K | -258.00K |
Noida Toll Bridge Co. Ltd. Technical Analysis
Positive
4.60
Price Trends
3.73
Positive
3.84
Positive
4.05
Positive
Market Momentum
0.39
Negative
79.47
Negative
83.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NOIDATOLL, the sentiment is Positive. The current price of 4.6 is above the 20-day moving average (MA) of 4.06, above the 50-day MA of 3.73, and above the 200-day MA of 4.05, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 79.47 is Negative, neither overbought nor oversold. The STOCH value of 83.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹255.21B | 30.12 | ― | 0.56% | -2.78% | -88.09% | |
64 Neutral | ₹1.15B | 2.00 | ― | ― | 6.54% | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
47 Neutral | ₹1.68B | 2.58 | ― | ― | -52.25% | -76.67% | |
46 Neutral | ₹1.25B | -678.38 | ― | ― | -61.69% | -127202.85% | |
45 Neutral | ₹548.80M | -6.20 | ― | ― | -79.26% | ― |
* Services Sector Average
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Noida Toll Bridge Co. Ltd. Corporate Events
Noida Toll Bridge Co. Names Those Charged With Governance
Apr 21, 2026
Noida Toll Bridge Company Limited has notified the stock exchanges that its board, acting through a circular resolution on April 20, 2026, has formally identified the individuals designated as Those Charged With Governance. The governance group wi...
Noida Toll Bridge Confirms Insider Trading Data Compliance for March Quarter
Apr 20, 2026
Noida Toll Bridge Company Limited operates in the infrastructure and transport sector, managing toll-based road assets such as the DND Flyway linking Delhi and Noida. The company focuses on toll collection and associated operations, serving commut...
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.