Noida Toll Bridge Co. Ltd. (NOIDATOLL) AI Stock Analysis

Noida Toll Bridge Co. Ltd.

(NSE:NOIDATOLL)

Select Model

Rating:52Neutral

Price Target:INR 3.50▲(0.86% Upside)

Action:reiterated

Date:09/09/26

The score is primarily impacted by poor financial performance stemming from ongoing losses and negative equity. This is partially offset by attractive valuation metrics, while technical analysis shows limited positive momentum.

Positive Factors

2026 Earnings TurnaroundThe return to operating profitability and strong reported margin materially improves near-term earnings capacity after several difficult years. If sustained, this turnaround can strengthen internal funding, support infrastructure operations, and provide a more durable base for future financial performance.

Negative Factors

Negative EquityNegative equity materially weakens balance-sheet resilience and makes conventional debt metrics less informative. Even with stable reported debt, the depleted capital base reduces financial flexibility, can constrain future investment choices, and leaves the company less able to absorb another period of weak operating performance.

Noida Toll Bridge Co. Ltd. (NOIDATOLL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 644.23M
Dividend Yield: ―
Average Volume (3M): 23.49K
Price to Earnings (P/E): 2.3
Beta (1Y): 1.05
Revenue Growth: 7.31%
EPS Growth: ―
Country: India
Employees: 3
Sector: General
Sector Strength: 55
Industry: Industrial - Infrastructure Operations

Noida Toll Bridge Co. Ltd. Business Overview & Revenue Model

Company Description

Noida Toll Bridge Company Limited oversees the entire lifecycle of the Delhi Noida toll bridge in India, from its initial development and construction to its ongoing operation and maintenance. This undertaking is managed through a Build-Own-Operate-T...

How the Company Makes Money

The company’s earnings have historically been driven primarily by (1) toll/usage-based collections from users of the road/bridge corridor it operated under a concession framework and (2) income related to operating and maintaining the infrastructure...

Noida Toll Bridge Co. Ltd. Financial Statement Overview

Summary

Income statement shows consistent net losses and volatile revenue; balance sheet indicates negative equity and insolvency risks; cash flow has mixed results with some positive recent periods but overall inconsistencies.

Income Statement

35Negative

Balance Sheet

20Very Negative

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	437.35M	428.70M	402.40M	208.36M	237.24M	161.37M
Gross Profit	244.61M	173.17M	402.40M	-299.53M	-337.89M	-369.50M
EBITDA	278.21M	280.13M	-2.17B	68.89M	61.09M	-3.15M
Net Income	283.32M	271.91M	-2.44B	-317.30M	-352.02M	-413.04M
Balance Sheet
Total Assets	0	1.07B	818.17M	3.48B	3.82B	4.03B
Cash, Cash Equivalents and Short-Term Investments	854.17M	854.17M	344.97M	405.10M	405.38M	137.97M
Total Debt	0	429.06M	429.06M	667.08M	667.08M	667.08M
Total Liabilities	125.00M	1.19B	1.22B	1.43B	1.46B	1.32B
Stockholders Equity	-125.00M	-125.98M	-397.93M	2.04B	2.36B	2.71B
Cash Flow
Free Cash Flow	0	490.21M	150.00M	-42.38M	237.34M	13.62M
Operating Cash Flow	0	504.42M	151.23M	-39.43M	238.49M	25.22M
Investing Cash Flow	0	-516.67M	93.52M	30.90M	-237.27M	-16.36M
Financing Cash Flow	0	0	-238.05M	-79.00K	-236.00K	-258.00K

Noida Toll Bridge Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price3.47

Price Trends

50DMA3.90Negative

100DMA4.25Negative

200DMA4.14Negative

Market Momentum

MACD-0.12Positive

RSI36.83Neutral

STOCH47.47Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NOIDATOLL, the sentiment is Negative. The current price of 3.47 is below the 20-day moving average (MA) of 3.69, below the 50-day MA of 3.90, and below the 200-day MA of 4.14, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.83 is Neutral, neither overbought nor oversold. The STOCH value of 47.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NOIDATOLL.

Noida Toll Bridge Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NOIDATOLL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:IRB	53Neutral	INR 190.11B	19.79	―	1.08%	-14.25%	-80.89%
IN:NOIDATOLL	52Neutral	INR 627.48M	2.29	―	―	7.31%	―
IN:ARSSINFRA	44Neutral	INR 1.25B	-0.04	―	―	45.58%	-2546.83%
IN:BRNL	42Neutral	INR 1.14B	-0.64	―	―	-28.52%	-179.94%
IN:GAYAHWS	41Neutral	INR 373.86M	-17.44	―	―	439.66%	-100.16%

* General Sector Average

Performance Comparison

IN:NOIDATOLL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NOIDATOLL	Noida Toll Bridge Co. Ltd.	3.58	-0.74	-17.13%
IN:ARSSINFRA	ARSS Infrastructure Projects Limited	54.84	0.00	0.00%
IN:BRNL	Bharat Road Network Ltd.	13.71	-11.72	-46.09%
IN:GAYAHWS	Gayatri Highways Ltd.	1.87	-2.05	-52.30%
IN:IL&FSTRANS	IL&FS Transportation Networks Limited	1.79	-1.14	-38.91%
IN:IRB	IRB Infrastructure Developers Limited	16.30	-5.88	-26.50%

Noida Toll Bridge Co. Ltd. Corporate Events

Noida Toll Bridge Co. Sets Virtual Date for 30th AGM, Publishes Regulatory Notices

Aug 29, 2026

Noida Toll Bridge Company Limited has announced that its 30th Annual General Meeting will be held on September 21, 2026, at 12:00 p.m. IST through video conferencing and other audio-visual means, in line with applicable provisions of the Companies Ac...

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.

Date of analysis: Sep 09, 2026

Noida Toll Bridge Co. Ltd. AI Stock Analysis