North Eastern Carrying Corporation Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of North Eastern Carrying Corporation Ltd?

North Eastern Carrying Corporation Ltd is trading at 12.20 as of 14 April 2026, with a FY2026-2027 high of 27.3 and low of 10.4. The stock is currently near its 52-week low. Market cap stands at 122 Cr..

Q: Is North Eastern Carrying Corporation Ltd financially healthy?

Key indicators: ROCE of 6.67 % is on the lower side. Dividend yield is 0.00 %.

Fair Value

₹12.65Fairly Valued by 3.69%vs CMP ₹12.20

P/E (13.8) × ROE (5.0%) × BV (₹22.60) × DY (2.00%)

₹15.61Undervalued by 27.95%vs CMP ₹12.20

MoS: +21.8% (Adequate)Confidence: 50/100 (Moderate)Models: 5 Under, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹14.46	28%	Under (+18.5%)
Graham Number	Earnings	₹21.15	20%	Under (+73.4%)
DCF	Cash Flow	₹5.37	17%	Over (-56%)
Net Asset Value	Assets	₹22.30	9%	Under (+82.8%)
EV/EBITDA	Enterprise	₹13.60	11%	Under (+11.5%)
Earnings Yield	Earnings	₹8.80	9%	Over (-27.9%)
Revenue Multiple	Revenue	₹32.90	7%	Under (+169.7%)
Consensus (7 models)		₹15.61	100%	Undervalued

Key Drivers: ROE 5.0% is below cost of equity. | Wide model spread (₹5–₹33) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.4%

*Investments are subject to market risks

Investment Snapshot

North Eastern Carrying Corporation Ltd scores 42/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health46/100 · Moderate

ROCE 6.7% WeakROE 5.0% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 54.2% Stable

Earnings Quality40/100 · Moderate

OPM stable around 7% SteadyWorking capital: 209 days Capital intensive

Quarterly Momentum25/100 · Weak

Revenue (4Q): -10% YoY DecliningProfit (4Q): -22% YoY Declining

Industry Rank55/100 · Moderate

P/E 13.8 vs industry 54.6 Cheaper than peersROCE 6.7% vs industry 10.0% AverageROE 5.0% vs industry 23.1% Below peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:25 am

Market Cap	122 Cr.
Current Price	12.2
Intrinsic Value	₹15.61
High / Low	27.3/10.4
Stock P/E	13.8
Book Value	22.6
Dividend Yield	0.00 %
ROCE	6.67 %
ROE	4.97 %
Face Value	10.0
PEG Ratio	0.96

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for North Eastern Carrying Corporation Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
North Eastern Carrying Corporation Ltd	122 Cr.	12.2	27.3/10.4	13.8	22.6	0.00 %	6.67 %	4.97 %	10.0
DRS Dilip Roadlines Ltd	180 Cr.	120	120/52.2	28.8	25.6	0.00 %	23.7 %	19.0 %	10.0
AVG Logistics Ltd	219 Cr.	145	340/130	10.6	170	0.83 %	12.6 %	9.60 %	10.0
DJ Mediaprint & Logistics Ltd	287 Cr.	83.6	153/51.9	38.7	20.6	0.12 %	16.0 %	13.5 %	10.0
Tara Chand Infralogistic Solutions Ltd	444 Cr.	56.3	104/53.0	16.4	17.2	0.36 %	17.3 %	19.6 %	2.00
Industry Average	5,604.59 Cr	140.16		54.58	65.65	1.14%	10.01%	23.09%	6.93

All Competitor Stocks of North Eastern Carrying Corporation Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	72.13	73.38	83.85	73.84	85.59	91.84	77.63	81.94	81.05	88.10	69.10	70.75	71.97
Expenses	66.94	67.62	79.09	69.04	79.15	87.08	70.03	75.39	75.74	85.61	63.79	67.91	65.35
Operating Profit	5.19	5.76	4.76	4.80	6.44	4.76	7.60	6.55	5.31	2.49	5.31	2.84	6.62
OPM %	7.20%	7.85%	5.68%	6.50%	7.52%	5.18%	9.79%	7.99%	6.55%	2.83%	7.68%	4.01%	9.20%
Other Income	0.37	0.04	0.28	0.11	0.10	1.11	0.37	0.05	0.03	0.26	0.15	2.88	1.38
Interest	1.91	2.37	2.25	2.03	2.57	2.21	1.97	1.90	1.86	1.34	2.45	2.30	2.40
Depreciation	0.70	0.72	0.79	0.78	0.88	0.68	0.74	0.68	0.56	0.58	0.61	0.77	0.85
Profit before tax	2.95	2.71	2.00	2.10	3.09	2.98	5.26	4.02	2.92	0.83	2.40	2.65	4.75
Tax %	27.80%	58.30%	25.50%	44.76%	18.77%	3.69%	30.23%	28.61%	33.22%	-112.05%	25.83%	31.32%	27.58%
Net Profit	2.13	1.12	1.49	1.15	2.52	2.86	3.67	2.87	1.94	1.76	1.78	1.82	3.45
EPS in Rs	0.22	0.12	0.16	0.12	0.27	0.30	0.38	0.29	0.19	0.18	0.18	0.18	0.34

Last Updated: March 3, 2026, 4:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	572	531	538	548	384	343	376	231	250	306	335	329	300
Expenses	550	511	518	528	369	328	358	222	235	286	314	306	283
Operating Profit	21	20	21	20	16	15	18	9	15	20	21	23	17
OPM %	4%	4%	4%	4%	4%	4%	5%	4%	6%	6%	6%	7%	6%
Other Income	0	1	1	1	1	1	1	2	0	0	2	1	5
Interest	9	9	10	9	7	6	7	7	6	8	9	8	8
Depreciation	4	3	3	3	3	3	3	3	4	3	3	3	3
Profit before tax	9	9	9	9	6	7	9	1	6	9	10	13	11
Tax %	32%	35%	37%	38%	35%	36%	27%	-21%	25%	39%	21%	21%
Net Profit	6	6	6	6	4	5	6	1	4	6	8	10	9
EPS in Rs	0.66	0.58	0.59	0.59	0.41	0.47	0.67	0.15	0.45	0.60	0.84	1.03	0.88
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	0.00%	0.00%	0.00%	-33.33%	25.00%	20.00%	-83.33%	300.00%	50.00%	33.33%	25.00%
Change in YoY Net Profit Growth (%)	0.00%	0.00%	0.00%	-33.33%	58.33%	-5.00%	-103.33%	383.33%	-250.00%	-16.67%	-8.33%

North Eastern Carrying Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-5%
5 Years:	-3%
3 Years:	9%
TTM:	-3%

Compounded Profit Growth
10 Years:	8%
5 Years:	8%
3 Years:	37%
TTM:	-18%

Stock Price CAGR
10 Years:	-11%
5 Years:	20%
3 Years:	-5%
1 Year:	-37%

Return on Equity
10 Years:	5%
5 Years:	4%
3 Years:	5%
Last Year:	5%

Last Updated: September 5, 2025, 11:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:44 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	50	50	50	50	50	50	50	50	50	50	95	100	100
Reserves	12	17	23	28	32	37	43	45	49	55	99	119	123
Borrowings	73	74	78	83	54	72	76	86	101	119	103	106	124
Other Liabilities	18	22	16	15	18	23	30	16	18	20	20	20	18
Total Liabilities	153	163	167	177	154	182	199	196	218	243	317	345	364
Fixed Assets	15	15	18	18	19	20	17	14	13	14	13	8	19
CWIP	0	0	0	0	0	0	0	0	0	0	0	4	2
Investments	0	0	0	0	0	0	0	0	0	0	5	5	9
Other Assets	138	148	149	158	135	162	183	183	205	230	299	327	334
Total Assets	153	163	167	177	154	182	199	196	218	243	317	345	364

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	1	2	-2	34	-13	-4	-11	-10	-14	-46	-21
Cash from Investing Activity +	-2	-7	-3	-3	-4	-0	0	-2	-3	-6	-2
Cash from Financing Activity +	2	4	5	-30	19	4	10	15	18	65	17
Net Cash Flow	0	-0	0	1	1	-0	0	2	0	13	-6
Free Cash Flow	-1	-5	-5	31	-17	-4	-11	-13	-18	-48	-23
CFO/OP	20%	26%	7%	228%	-68%	-8%	-118%	-55%	-58%	-206%	-81%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-52.00	-54.00	-57.00	-63.00	-38.00	-57.00	-58.00	-77.00	-86.00	-99.00	-82.00	-83.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	73	78	81	84	93	117	112	165	154	138	131	138
Inventory Days
Days Payable
Cash Conversion Cycle	73	78	81	84	93	117	112	165	154	138	131	138
Working Capital Days	26	33	35	39	61	66	69	116	116	119	178	209
ROCE %	14%	12%	13%	11%	9%	8%	10%	5%	6%	8%	7%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	52.68%	52.68%	52.68%	52.68%	52.68%	52.30%	54.19%	54.19%	54.19%	54.19%	54.19%	54.19%
FIIs	0.00%	0.00%	0.00%	0.04%	0.15%	0.12%	0.01%	0.04%	0.00%	0.00%	0.02%	0.00%
Public	47.33%	47.33%	47.32%	47.29%	47.17%	47.58%	45.79%	45.77%	45.81%	45.82%	45.79%	45.80%
No. of Shareholders	17,595	17,670	18,707	31,254	33,082	36,113	46,238	48,700	47,794	46,714	45,725	44,171

Shareholding Pattern Chart

No. of Shareholders

North Eastern Carrying Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.12	1.12	1.10	1.25	1.98
Diluted EPS (Rs.)	1.12	1.12	1.10	1.25	1.98
Cash EPS (Rs.)	1.65	1.73	1.76	1.98	0.00
Book Value[Excl.RevalReserv]/Share (Rs.)	15.63	14.52	13.40	12.29	0.00
Book Value[Incl.RevalReserv]/Share (Rs.)	15.63	14.52	13.40	12.29	0.00
Revenue From Operations / Share (Rs.)	109.17	107.25	105.71	113.90	0.00
PBDIT / Share (Rs.)	3.94	4.12	4.01	4.10	0.00
PBIT / Share (Rs.)	3.40	3.51	3.35	3.37	0.00
PBT / Share (Rs.)	1.79	1.78	1.70	1.83	0.00
Net Profit / Share (Rs.)	1.12	1.12	1.10	1.25	0.00
NP After MI And SOA / Share (Rs.)	1.12	1.12	1.10	1.25	0.00
PBDIT Margin (%)	3.60	3.83	3.79	3.60	3.37
PBIT Margin (%)	3.11	3.26	3.16	2.96	2.72
PBT Margin (%)	1.64	1.66	1.60	1.60	1.50
Net Profit Margin (%)	1.02	1.04	1.04	1.09	0.96
NP After MI And SOA Margin (%)	1.02	1.04	1.04	1.09	0.96
Return on Networth / Equity (%)	7.13	7.73	8.24	10.16	0.00
Return on Capital Employeed (%)	19.98	22.58	23.68	27.00	0.00
Return On Assets (%)	3.16	3.37	3.39	4.10	0.00
Long Term Debt / Equity (X)	0.08	0.06	0.05	0.01	0.00
Total Debt / Equity (X)	1.06	1.07	1.10	1.18	0.00
Asset Turnover Ratio (%)	3.19	3.26	3.36	0.00	0.00
Current Ratio (X)	1.68	1.62	1.56	1.49	0.00
Quick Ratio (X)	1.68	1.62	1.56	1.49	0.00
Interest Coverage Ratio (X)	2.45	2.39	2.43	2.66	2.23
Interest Coverage Ratio (Post Tax) (X)	1.70	1.65	1.67	1.81	1.79
Enterprise Value (Cr.)	380.47	303.70	453.80	406.70	0.00
EV / Net Operating Revenue (X)	0.69	0.56	0.85	0.71	0.00
EV / EBITDA (X)	19.25	14.70	22.56	19.74	0.00
MarketCap / Net Operating Revenue (X)	0.54	0.42	0.72	0.58	0.00
Price / BV (X)	3.83	3.14	5.70	5.47	0.00
Price / Net Operating Revenue (X)	0.54	0.42	0.72	0.58	0.00
EarningsYield	0.01	0.02	0.01	0.01	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

North Eastern Carrying Corporation Ltd. is a Public Limited Listed company incorporated on 05/12/1984 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L51909DL1984PLC019485 and registration number is 019485. Currently Company is involved in the business activities of Other land transport. Company's Total Operating Revenue is Rs. 328.72 Cr. and Equity Capital is Rs. 100.00 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Logistics - Warehousing/Supply Chain/Others	NECC House, 9062/47, Ram Bagh Road, Delhi Delhi 110006	Contact not found

Management
Name	Position Held
Mr. Sunil Kumar Jain	Chairman & Managing Director
Mr. Utkarsh Jain	Whole Time Director
Mr. Pratyaksh Jain	Non Exe.Non Ind.Director
Ms. Priya Singh	Ind. Non-Executive Director
Mr. Ashutosh Kumar Dubey	Ind. Non-Executive Director
Mr. Saurav Upadhyay	Ind. Non-Executive Director

FAQ

What is the intrinsic value of North Eastern Carrying Corporation Ltd and is it undervalued?

As of 14 April 2026, North Eastern Carrying Corporation Ltd's intrinsic value is ₹15.61, which is 27.95% higher than the current market price of ₹12.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.97 %), book value (₹22.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of North Eastern Carrying Corporation Ltd?

North Eastern Carrying Corporation Ltd is trading at ₹12.20 as of 14 April 2026, with a FY2026-2027 high of ₹27.3 and low of ₹10.4. The stock is currently near its 52-week low. Market cap stands at ₹122 Cr..

How does North Eastern Carrying Corporation Ltd's P/E ratio compare to its industry?

North Eastern Carrying Corporation Ltd has a P/E ratio of 13.8, which is below the industry average of 54.58. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is North Eastern Carrying Corporation Ltd financially healthy?

Key indicators for North Eastern Carrying Corporation Ltd: ROCE of 6.67 % is on the lower side compared to the industry average of 10.01%; ROE of 4.97 % is below ideal levels (industry average: 23.09%). Dividend yield is 0.00 %.

Is North Eastern Carrying Corporation Ltd profitable and how is the profit trend?

North Eastern Carrying Corporation Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹329 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows an improving trend.

Does North Eastern Carrying Corporation Ltd pay dividends?

North Eastern Carrying Corporation Ltd has a dividend yield of 0.00 % at the current price of ₹12.20. The company is currently not paying meaningful dividends.