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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NCL Industries Ltd

About the Company - NCL Industries Ltd

NCL Industries Ltd. is a Public Limited Listed company incorporated on 10/09/1979 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L33130TG1979PLC002521 and registration number is 002521. Currently Company is involved in the business activities of Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement. Company’s Total Operating Revenue is Rs. 1633.41 Cr. and Equity Capital is Rs. 45.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cement7th Floor, NCL Pearl, Near Rail Nilayam, Secunderabad Telangana 500026ncl@nclind.com
http://www.nclind.com
Management
NamePosition Held
Mr. Kamlesh GandhiChairman
Mr. K RaviManaging Director
Mr. K GautamJoint Managing Director
Mr. N G V S G PrasadExecutive Director & CFO
Mrs. Roopa BhupatirajuExecutive Director
Mrs. Pooja KalidindiNon Executive Director
Mr. P N RajuNon Executive Director
Mr. Ashven DatlaNon Executive Director
Dr. R KalidasIndependent Director
Mrs. P Sudha ReddyIndependent Director
Mr. V V GoradiaNon Executive Director
Mr. V S RajuIndependent Director

NCL Industries Ltd. Share Price Update

Share PriceValue
Today₹243.30
Previous Day₹240.00

Basic Stock Data of NCL Industries Ltd

Market Cap 1,069 Cr.
Current Price 236
High / Low258/167
Stock P/E13.2
Book Value 180
Dividend Yield1.27 %
ROCE11.1 %
ROE5.99 %
Face Value 10.0

Data Source: screener.in

Competitors of NCL Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rain Industries Ltd 6,939 Cr. 206220/140 2180.48 %1.93 %10.1 % 2.00
UltraTech Cement Ltd 2,86,638 Cr. 9,92910,526/6,99144.7 1,9450.38 %12.9 %9.63 % 10.0
Panyam Cements & Mineral Industries Ltd 139 Cr. 173173/11.3 1730.00 %31.1 %% 10.0
Barak Valley Cements Ltd 135 Cr. 61.077.3/22.013.9 53.80.00 %9.60 %4.72 % 10.0
Prism Johnson Ltd 8,575 Cr. 170199/99.61,119 28.00.00 %0.86 %7.70 % 10.0
Industry Average60,485.20 Cr2,107.80235.52483.560.17%11.28%6.43%8.40

NCL Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales348369405403415370445391365419435441431
Expenses268298339335354333404358341366396378392
Operating Profit80726668623741332453396339
OPM %23%19%16%17%15%10%9%8%6%13%9%14%9%
Other Income2131325363854
Interest5446666677657
Depreciation10101011111111111213131313
Profit before tax67585552472229191036274923
Tax %36%29%41%34%34%29%40%34%74%45%60%37%39%
Net Profit4342323431151712320113114
EPS in Rs9.489.197.137.626.893.353.832.760.614.412.396.873.06

NCL Industries Ltd Quarterly Chart

NCL Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5004705515347508688809809381,3842,0462,0441,811
Expenses3674135214636287537468437971,1001,8381,8951,614
Operating Profit133572970122115134137140284208149198
OPM %27%12%5%13%16%13%15%14%15%21%10%7%11%
Other Income5355247637111919
Interest42364137313232373222252724
Depreciation32333126252535454241454853
Profit before tax64-9-3812676274616922815093141
Tax %30%-28%-8%28%21%11%34%23%27%35%34%51%
Net Profit44-12-4195355494751149984681
EPS in Rs12.67-3.30-11.682.5514.4514.8810.8610.3611.2432.8721.7010.1717.87
Dividend Payout %16%-30%-9%0%14%17%23%24%1%12%14%30%

NCL Industries Ltd Profit & Loss Yearly Chart

NCL Industries Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:18%
3 Years:30%
TTM:10%
Compounded Profit Growth
10 Years:19%
5 Years:-1%
3 Years:-3%
TTM:59%
Stock Price CAGR
10 Years:30%
5 Years:17%
3 Years:13%
1 Year:47%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:14%
Last Year:6%

NCL Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital35353535373745454545454545
Reserves156141108118160190416454483620699730768
Borrowings256227217179202347278336347320335292260
Other Liabilities212222247258224210224260278314392455472
Total Liabilities6596246075906237849621,0951,1531,2991,4721,5221,544
Fixed Assets450423430407392385693658695789773986985
CWIP17397211152339090611712822
Investments00000000030503551
Other Assets192162170181221246237346368419477473487
Total Assets6596246075906237849621,0951,1531,2991,4721,5221,544

NCL Industries Ltd Reserves and Borrowings Chart

NCL Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8756-2561301815671106237106211
Cash from Investing Activity -40-24-54-18-161-223-69-78-136-139-103
Cash from Financing Activity -46-337-57-97133704-31-52-25-83
Net Cash Flow1-1-0315-946-449-5825

NCL Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days453229302620325656273028
Inventory Days318272261242256199240214327173186240
Days Payable17920422619199126146184197121103144
Cash Conversion Cycle1841006482183931278718680114124
Working Capital Days-12-12-11-25-311412532-23925
ROCE %23%6%1%14%27%19%16%12%12%27%17%11%

NCL Industries Ltd Financial Efficiency Indicators Chart

NCL Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters44.06%43.73%43.75%44.00%45.04%45.73%46.14%46.48%47.13%47.27%44.48%44.48%
FIIs0.19%1.90%3.09%3.10%3.00%2.75%2.81%2.33%2.38%3.49%4.23%4.88%
DIIs2.49%1.08%0.24%0.05%0.06%0.06%0.16%0.16%0.03%0.03%0.03%0.03%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public53.24%53.27%52.91%52.84%51.89%51.45%50.86%51.01%50.43%49.19%51.25%50.59%
No. of Shareholders43,55245,80353,56459,46760,49462,07860,74259,64158,05853,82354,34952,981

NCL Industries Ltd Shareholding Pattern Chart

No. of NCL Industries Ltd Shareholders

This stock is not held by any mutual fund

NCL Industries Ltd ROCE Trend

NCL Industries Ltd EPS Trend

NCL Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.4020.6932.6511.2610.34
Diluted EPS (Rs.)9.4020.6932.6511.2610.34
Cash EPS (Rs.)20.6631.1841.9420.5520.37
Book Value[Excl.RevalReserv]/Share (Rs.)170.20163.78146.95116.83110.38
Book Value[Incl.RevalReserv]/Share (Rs.)170.20163.78146.95116.83110.38
Revenue From Operations / Share (Rs.)355.86361.11305.90207.34216.63
PBDIT / Share (Rs.)36.8348.0964.0231.3931.21
PBIT / Share (Rs.)25.9637.7754.2422.0721.20
PBT / Share (Rs.)20.1732.2949.6415.2913.51
Net Profit / Share (Rs.)9.7920.8632.1611.2410.36
NP After MI And SOA / Share (Rs.)9.7920.8632.1611.2410.36
PBDIT Margin (%)10.3513.3120.9215.1314.40
PBIT Margin (%)7.2910.4517.7310.649.78
PBT Margin (%)5.668.9416.227.376.23
Net Profit Margin (%)2.755.7710.515.424.78
NP After MI And SOA Margin (%)2.755.7710.515.424.78
Return on Networth / Equity (%)5.7512.7321.889.629.38
Return on Capital Employeed (%)9.8815.2024.7212.6812.33
Return On Assets (%)2.916.4111.194.404.28
Long Term Debt / Equity (X)0.260.370.350.310.37
Total Debt / Equity (X)0.370.420.400.540.53
Asset Turnover Ratio (%)1.081.181.130.830.00
Current Ratio (X)1.281.211.110.941.03
Quick Ratio (X)0.830.830.760.640.76
Inventory Turnover Ratio (X)1.642.161.911.520.00
Dividend Payout Ratio (NP) (%)30.6419.177.7742.9017.42
Dividend Payout Ratio (CP) (%)14.5212.825.9623.468.86
Earning Retention Ratio (%)69.3680.8392.2357.1082.58
Cash Earning Retention Ratio (%)85.4887.1894.0476.5491.14
Interest Coverage Ratio (X)6.368.9913.924.634.06
Interest Coverage Ratio (Post Tax) (X)2.694.927.992.662.35
Enterprise Value (Cr.)1057.691111.76971.27512.85900.96
EV / Net Operating Revenue (X)0.650.680.700.540.91
EV / EBITDA (X)6.355.113.353.616.38
MarketCap / Net Operating Revenue (X)0.500.490.560.260.67
Retention Ratios (%)69.3580.8292.2257.0982.57
Price / BV (X)1.051.091.170.461.32
Price / Net Operating Revenue (X)0.500.490.560.260.67
EarningsYield0.050.110.180.200.07

NCL Industries Ltd Profitability Ratios (%)

NCL Industries Ltd Liquidity Ratios

NCL Industries Ltd Liquidity Ratios (%)

NCL Industries Ltd Interest Coverage Ratios (%)

NCL Industries Ltd Valuation Ratios

Fair Value of NCL Industries Ltd Stock

Fair Value: ₹144.13

The stock is overvalued by 38.93% compared to the current price ₹236

*Investments are subject to market risks

Strength and Weakness of NCL Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 3.58, which is a positive sign.
  3. The company has higher reserves (387.92 cr) compared to borrowings (276.62 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (498.23 cr) and profit (74.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 32.25 and average Dividend Yield of 11.18%.
  2. The stock has a high average Cash Conversion Cycle of 118.67, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NCL Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE