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NCL Industries Ltd
(NCLIND)
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Rating:63Neutral
Price Target:
₹195.00
▲(5.49% Upside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by improving fundamentals (earnings recovery and stronger balance sheet) offset by weak and inconsistent cash generation. Technical signals are mixed, while valuation looks supportive with a reasonable P/E and modest dividend yield.
Positive Factors
Earnings Recovery
The sharp improvement in FY2026 profitability indicates a meaningful earnings recovery. Higher operating and EBITDA margins can strengthen internal funding capacity, although the recovery still needs to persist through the construction cycle.
Negative Factors
Volatile Revenue
Uneven revenue performance signals sensitivity to construction cycles, regional demand, competition, and project timing. Sustained top-line volatility can limit operating leverage and make the recent profit recovery harder to maintain.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The sharp improvement in FY2026 profitability indicates a meaningful earnings recovery. Higher operating and EBITDA margins can strengthen internal funding capacity, although the recovery still needs to persist through the construction cycle.
Read all positive factors
NCL Industries Ltd (NCLIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.03B
Dividend Yield1.96%
Average Volume (3M)2.61K
Price to Earnings (P/E)8.5
Beta (1Y)1.19
Revenue Growth2.74%
EPS Growth182.86%
CountryIN
Employees825
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)20.94
Shares Outstanding45,232,790
10 Day Avg. Volume2,194
30 Day Avg. Volume2,608
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.70
Price to Sales (P/S)0.46
P/FCF Ratio40.93
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
NCL Industries Ltd Business Overview & Revenue Model
Company Description
NCL Industries Limited is an Indian enterprise primarily involved in the production and distribution of construction supplies. Its operations are diversified across five distinct divisions: Cement, Boards, Readymade Doors, Energy, and Ready Mix Co...
How the Company Makes Money
NCL Industries Ltd makes money mainly by manufacturing and selling cement and related building materials. Revenue is generated from (1) sales of cement to dealers/distributors, builders, and institutional customers for residential, commercial, and...
NCL Industries Ltd Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.31B | 14.22B | 14.11B | 18.71B | 16.10B | 16.33B |
| Gross Profit | 6.34B | 6.25B | 5.48B | 9.12B | 7.04B | 8.28B |
| EBITDA | 1.86B | 1.90B | 1.20B | 2.25B | 1.67B | 2.17B |
| Net Income | 925.01M | 953.91M | 251.97M | 932.19M | 442.87M | 943.50M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 15.74B | 16.35B | 15.39B | 15.20B | 14.71B |
| Cash, Cash Equivalents and Short-Term Investments | 101.29M | 101.29M | 218.12M | 522.53M | 430.17M | 107.17M |
| Total Debt | 0.00 | 2.39B | 2.52B | 2.18B | 2.92B | 3.73B |
| Total Liabilities | -9.40B | 6.34B | 7.77B | 6.90B | 7.50B | 7.30B |
| Stockholders Equity | 9.40B | 9.40B | 8.58B | 8.49B | 7.70B | 7.41B |
Cash Flow | ||||||
| Free Cash Flow | 79.03M | 159.71M | -498.43M | 1.21B | 1.05B | -684.24M |
| Operating Cash Flow | 1.02B | 1.26B | 679.90M | 1.83B | 2.08B | 716.25M |
| Investing Cash Flow | -1.02B | -1.08B | -1.12B | -590.93M | -958.05M | -1.39B |
| Financing Cash Flow | -127.59M | -291.17M | 142.07M | -1.10B | -828.23M | 69.81M |
NCL Industries Ltd Technical Analysis
Positive
184.85
Price Trends
181.12
Negative
179.96
Negative
184.47
Negative
Market Momentum
-1.17
Negative
51.02
Neutral
19.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NCLIND, the sentiment is Positive. The current price of 184.85 is above the 20-day moving average (MA) of 174.85, above the 50-day MA of 181.12, and above the 200-day MA of 184.47, indicating a neutral trend. The MACD of -1.17 indicates Negative momentum. The RSI at 51.02 is Neutral, neither overbought nor oversold. The STOCH value of 19.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NCLIND.
NCL Industries Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹8.03B | 8.49 | ― | 1.89% | 2.74% | 182.86% | |
56 Neutral | ₹6.30B | 96.02 | ― | ― | 7.86% | -51.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹2.94B | -9.19 | ― | ― | -10.65% | 50.21% | |
42 Neutral | ₹11.09B | 61.02 | ― | 1.96% | 19.63% | -35.00% | |
38 Underperform | ₹3.98B | -5.43 | ― | ― | 56.40% | 53.54% | |
34 Underperform | ₹7.92B | 135.65 | ― | 0.08% | 39.38% | -70.88% |
* General Sector Average
IN:NCLIND
NCL Industries Ltd
178.00
-32.27
-15.35%
IN:ACL
Andhra Cements Limited
43.24
-61.34
-58.65%
IN:APCL
Anjani Portland Cement Limited
100.10
-42.85
-29.98%
IN:DECCANCE
Deccan Cements Ltd
567.55
-512.70
-47.46%
IN:SAURASHCEM
Saurashtra Cement Limited
57.58
-60.17
-51.10%
IN:SHREDIGCEM
Shree Digvijay Cement Co. Ltd.
74.07
-16.57
-18.28%
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.