Arthneeti

NCL Industries Q1 FY27 Share Price & Earnings Call Analysis

₹162.09+2.59% today
Market cap
₹733 Cr
P/E
5.92
ROE
11.28%
PEG
0.19
Price to sales
0.51
Debt to equity
0.25
52W high / low
₹211 / ₹148
Sales growth (5Y)
-0.02%
EBITDA margin
12.36%
Net profit margin
5.85%
Promoter holding
42.49%
Sales (last year)
₹1,431 Cr

Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Cement & Cement Products
on management's own guidance

  1. J K CementsGood growth
    2
  2. Strong growth
    1
  3. ACC LtdGood growth
    3
See all potential multibaggersWhere does NCL Industries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Cement & Cement Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2.03L Cr35.4
2J K Cements20–40%Flat₹36,977 Cr37.4
3ACC Ltd20–40%Flat₹21,630 Cr11.4
420–40%Flat₹2,390 Cr12.2
510–20%Up 2%+₹1,289 Cr—
610–20%Flat₹3.25L Cr36.6

Sign up free to see every company in the sector ranking and track NCL Industries.

Pro shows every company guiding 40%+ revenue growth →Full Cement & Cement Products ranking

Financials of NCL Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of NCL Industries

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +419435441391433419355330341383338345343
Expenses +366396378352376370319297322362288296307
Operating Profit53396339574936342021514936
OPM %13%9%14%10%13%12%10%10%6%5%15%14%11%
Other Income +3854364-7584-28
Interest7657656555655
Depreciation13131313131613151415131315
Profit before tax36274923423421769362923
Tax %45%60%37%39%40%28%40%62%41%28%44%32%43%
Net Profit +20113114252413336202013
EPS in Rs4.412.396.873.065.555.352.860.590.741.424.474.362.93

Financials of NCL Industries

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +5515347508688809809381,7492,0462,0442,1041,7991,409
Expenses +5214636287537468437971,4651,8381,8951,8951,6861,252
Operating Profit2970122115134137140284208149209113157
OPM %5%13%16%13%15%14%15%16%10%7%10%6%11%
Other Income +552476371119181018
Interest41373132323732222527242421
Depreciation31262525354542414548565657
Profit before tax-38126762746169228150931484397
Tax %8%28%21%11%34%23%27%35%34%51%36%41%
Net Profit +-41953554947511499846942560
EPS in Rs-11.682.5514.4514.8810.8610.3611.2432.8721.7010.1720.835.6113.18
Dividend Payout %-9%0%14%17%23%24%1%12%14%30%19%36%

Financials of NCL Industries

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital35353737454545454545454545
Reserves108118160190416454483620699730810819850
Borrowings +217179202347278336347320335292218252259
Other Liabilities +247258224210224260278314392441469532493
Total Liabilities6075906237849621,0951,1531,2991,4721,5081,5421,6481,647
Fixed Assets +430407392385693658695789773986969922921
CWIP7211152339090611712839148220
Investments0000000305035515046
Other Assets +170181221246237346368419477459484528460
Total Assets6075906237849621,0951,1531,2991,4721,5081,5421,6481,647

Financials of NCL Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-256130181567110623710620818396
Cash from Investing Activity +-54-18-161-223-69-78-136-139-101-64-111
Cash from Financing Activity +7-57-97133704-31-52-25-83-110-5
Net Cash Flow-0315-946-449-58249-20
Free Cash Flow-1055112-142-66227101-33105118-18
CFO/OP-7%79%107%28%128%64%89%107%73%168%103%94%

Financials of NCL Industries

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days293026203256562230252528
Inventory Days261242256199240214327173186240217290
Days Payable22619199126146184197121103144110177
Cash Conversion Cycle6482183931278718675114122132141
Working Capital Days-62-63-582-5-4-16-81710116
ROCE %1%14%27%19%16%12%12%27%17%11%16%7%
21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−17.7%39%
Last 6 months−6.3%44%
Last 3 months−11.2%41%

The price is 42.8% below its all-time high of ₹283.45 (25 Jan 2018). Stocks more than 20% below their peak have their score halved, so 41 became 21.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For NCL Industries: 0.4 × 39 + 0.4 × 44 + 0.2 × 41 = 41, halved to 21 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What NCL Industries's management said in earlier quarters

Others in Cement & Cement Products this season

  • Birla Corporation (Q2 FY27)

    For the quarter ended 30th September 2026, standalone revenue from operations was ₹1,381.33 crore, up from ₹1,229.40 crore in Q3 FY25, a year-on-year increase…

  • Andhra Cements Ltd (Q2 FY27)

    Revenue from operations for the quarter ended September 30, 2026: ₹16,598 lakhs . Key results statement takeaways from Andhra Cements Ltd's Q2 FY27 results stat

  • HeidelbergCement India (Q2 FY27)

    Revenue for the quarter ended September 30, 2026 was ₹5,678 million, an 11.0% increase year-on-year (YoY) from ₹5,117 million in Q2 2025. Key results statement

  • Ambuja Cements (Q2 FY27)

    7,000 crores, with INR 3,000 . Key concall takeaways from Ambuja Cements Ltd's Q2 FY27 earnings call — and how it ranks against sector peers.

Compare:vs UltraTech Cementvs Grasim Indsvs Ambuja Cements