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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of North Eastern Carrying Corporation Ltd

About the Company - North Eastern Carrying Corporation Ltd

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. 250.43 Cr. and Equity Capital is Rs. 50.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersNECC House, 9062/47, Ram Bagh Road, Delhi Delhi 110006cs@neccgroup.com
http://www.neccgroup.com
Management
NamePosition Held
Mr. Sunil Kumar JainChairman & Managing Director
Mr. Utkarsh JainWhole Time Director
Mr. Manoj Kumar JainInd. Non-Executive Director
Mr. Saurav UpadhyayInd. Non-Executive Director
Mr. Ashutosh Kumar DubeyInd. Non-Executive Director
Ms. Priya SinghInd. Non-Executive Director

Basic Stock Data of North Eastern Carrying Corporation Ltd

Last Updated: June 17, 2024, 8:20 pm

Market Cap 256 Cr.
Current Price 26.8
High / Low37.4/18.0
Stock P/E31.9
Book Value 20.4
Dividend Yield0.00 %
ROCE7.38 %
ROE5.37 %
Face Value 10.0
PEG Ratio0.00

Competitors of North Eastern Carrying Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Delhivery Ltd 29,479 Cr. 399488/354 1240.00 %1.31 %2.48 % 1.00
Aegis Logistics Ltd 15,184 Cr. 433472/28029.5 1041.33 %15.9 %15.9 % 1.00
Sical Logistics Ltd 978 Cr. 150301/97.0 4.400.00 %2.17 %113 % 10.0
Cargotrans Maritime Ltd 24.5 Cr. 60.097.0/50.813.8 34.00.00 %21.3 %14.7 % 10.0
JITF Infra Logistics Ltd 2,290 Cr. 891990/38573.8 2160.00 %14.1 %% 2.00
Industry Average7,153.42 Cr306.8459.7769.020.38%9.30%18.62%6.37

North Eastern Carrying Corporation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales62.5675.4570.4154.8055.0470.1782.0978.3872.1373.3883.8573.8485.59
Expenses60.0070.7467.8050.5351.6265.4478.1173.5566.9467.6279.0969.0479.15
Operating Profit2.564.712.614.273.424.733.984.835.195.764.764.806.44
OPM %4.09%6.24%3.71%7.79%6.21%6.74%4.85%6.16%7.20%7.85%5.68%6.50%7.52%
Other Income0.111.640.080.010.020.320.000.010.370.040.280.110.10
Interest1.581.671.121.961.501.461.751.901.912.372.252.032.57
Depreciation0.261.390.610.940.401.780.710.710.700.720.790.780.88
Profit before tax0.833.290.961.381.541.811.522.232.952.712.002.103.09
Tax %0.00%9.73%25.00%16.67%26.62%30.39%36.84%30.04%27.80%58.30%25.50%44.76%18.77%
Net Profit0.832.960.721.141.141.260.961.552.131.121.491.152.52
EPS in Rs0.090.310.080.120.120.130.100.160.220.120.160.120.27

Last Updated: April 10, 2024, 4:21 am

North Eastern Carrying Corporation Ltd Quarterly Chart

North Eastern Carrying Corporation Ltd Profit & Loss

Last Updated: May 27, 2024, 5:51 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales477541572531538548384343376231250306317
Expenses460522550511518528369328358222235286295
Operating Profit1719212021201615189152022
OPM %4%3%4%4%4%4%4%4%5%4%6%7%7%
Other Income0001111112001
Interest67991097677689
Depreciation3343333333433
Profit before tax88999967916910
Tax %34%36%32%35%37%38%35%36%27%-21%25%39%
Net Profit5566664561466
EPS in Rs0.550.550.660.580.590.590.410.470.670.150.450.600.67
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

North Eastern Carrying Corporation Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%20.00%0.00%0.00%0.00%-33.33%25.00%20.00%-83.33%300.00%50.00%
Change in YoY Net Profit Growth (%)0.00%20.00%-20.00%0.00%0.00%-33.33%58.33%-5.00%-103.33%383.33%-250.00%

North Eastern Carrying Corporation Ltd Growth

Compounded Sales Growth
10 Years:-5%
5 Years:0%
3 Years:13%
TTM:10%
Compounded Profit Growth
10 Years:3%
5 Years:13%
3 Years:78%
TTM:41%
Stock Price CAGR
10 Years:-11%
5 Years:33%
3 Years:34%
1 Year:39%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:5%
Last Year:5%

Last Updated: June 17, 2024, 2:50 pm

North Eastern Carrying Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13505050505050505050505073
Reserves3851217232832374345495575
Borrowings48657374788354727686101119114
Other Liabilities14151822161518233016182017
Total Liabilities112136153163167177154182199196218243279
Fixed Assets17151515181819201714131412
CWIP0000000000000
Investments0000000000000
Other Assets95121138148149158135162183183205230267
Total Assets112136153163167177154182199196218243279

North Eastern Carrying Corporation Ltd Reserves and Borrowings Chart

North Eastern Carrying Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -2-1512-234-13-4-11-10-14
Cash from Investing Activity -0-2-2-7-3-3-4-00-2-3
Cash from Financing Activity 117245-30194101518
Net Cash Flow-100-0011-0020

North Eastern Carrying Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days58677378818493117112165154138
Inventory Days
Days Payable
Cash Conversion Cycle58677378818493117112165154138
Working Capital Days566672818590103136139250259240
ROCE %15%14%14%12%13%11%9%8%10%5%6%8%

North Eastern Carrying Corporation Ltd Financial Efficiency Indicators Chart

North Eastern Carrying Corporation Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters56.66%52.67%52.67%52.67%52.67%52.68%52.68%52.68%52.68%52.68%52.68%52.68%
FIIs0.00%0.00%0.39%0.09%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.15%
Public43.34%47.32%46.94%47.23%47.33%47.32%47.32%47.33%47.33%47.32%47.29%47.17%
No. of Shareholders16,18415,08915,68219,94117,89117,79217,49317,59517,67018,70731,25433,082

North Eastern Carrying Corporation Ltd Shareholding Pattern Chart

No. of North Eastern Carrying Corporation Ltd Shareholders

This stock is not held by any mutual fund

North Eastern Carrying Corporation Ltd ROCE Trend

North Eastern Carrying Corporation Ltd EPS Trend

North Eastern Carrying Corporation Ltd Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.121.121.101.251.98
Diluted EPS (Rs.)1.121.121.101.251.98
Cash EPS (Rs.)1.651.731.761.980.00
Book Value[Excl.RevalReserv]/Share (Rs.)15.6314.5213.4012.290.00
Book Value[Incl.RevalReserv]/Share (Rs.)15.6314.5213.4012.290.00
Revenue From Operations / Share (Rs.)109.17107.25105.71113.900.00
PBDIT / Share (Rs.)3.944.124.014.100.00
PBIT / Share (Rs.)3.403.513.353.370.00
PBT / Share (Rs.)1.791.781.701.830.00
Net Profit / Share (Rs.)1.121.121.101.250.00
NP After MI And SOA / Share (Rs.)1.121.121.101.250.00
PBDIT Margin (%)3.603.833.793.603.37
PBIT Margin (%)3.113.263.162.962.72
PBT Margin (%)1.641.661.601.601.50
Net Profit Margin (%)1.021.041.041.090.96
NP After MI And SOA Margin (%)1.021.041.041.090.96
Return on Networth / Equity (%)7.137.738.2410.160.00
Return on Capital Employeed (%)19.9822.5823.6827.000.00
Return On Assets (%)3.163.373.394.100.00
Long Term Debt / Equity (X)0.080.060.050.010.00
Total Debt / Equity (X)1.061.071.101.180.00
Asset Turnover Ratio (%)3.193.263.360.000.00
Current Ratio (X)1.681.621.561.490.00
Quick Ratio (X)1.681.621.561.490.00
Interest Coverage Ratio (X)2.452.392.432.662.23
Interest Coverage Ratio (Post Tax) (X)1.701.651.671.811.79
Enterprise Value (Cr.)380.47303.70453.80406.700.00
EV / Net Operating Revenue (X)0.690.560.850.710.00
EV / EBITDA (X)19.2514.7022.5619.740.00
MarketCap / Net Operating Revenue (X)0.540.420.720.580.00
Price / BV (X)3.833.145.705.470.00
Price / Net Operating Revenue (X)0.540.420.720.580.00
EarningsYield0.010.020.010.010.00

North Eastern Carrying Corporation Ltd Profitability Ratios (%)

North Eastern Carrying Corporation Ltd Liquidity Ratios

North Eastern Carrying Corporation Ltd Liquidity Ratios (%)

North Eastern Carrying Corporation Ltd Interest Coverage Ratios (X)

North Eastern Carrying Corporation Ltd Valuation Ratios

Fair Value

Fair Value: 35.64

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 33.00% compared to the current price 26.8

Intrinsic Value: 35.64

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 33.00% compared to the current price ₹26.8

Last 5 Year EPS CAGR: 0.00%

*Investments are subject to market risks

Strength and Weakness of North Eastern Carrying Corporation Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (416.46 cr) and profit (7.69 cr) over the years.
  1. The stock has a low average ROCE of 10.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 131.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 101.67, which may not be favorable.
  4. The company has higher borrowings (80.23) compared to reserves (35.31), which may suggest financial risk.

Should I Buy North Eastern Carrying Corporation Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in North Eastern Carrying Corporation Ltd:
    1. Net Profit Margin: 1.02%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.98% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.13% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.70
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.68
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 31.9 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 1.06
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of North Eastern Carrying Corporation Ltd?

The latest fair value of North Eastern Carrying Corporation Ltd is ₹35.64.

What is the Market Cap of North Eastern Carrying Corporation Ltd?

The Market Cap of North Eastern Carrying Corporation Ltd is 256 Cr..

What is the current Stock Price of North Eastern Carrying Corporation Ltd as on 23 June 2024?

The current stock price of North Eastern Carrying Corporation Ltd as on 23 June 2024 is ₹26.8.

What is the High / Low of North Eastern Carrying Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of North Eastern Carrying Corporation Ltd stocks is 37.4/18.0.

What is the Stock P/E of North Eastern Carrying Corporation Ltd?

The Stock P/E of North Eastern Carrying Corporation Ltd is 31.9.

What is the Book Value of North Eastern Carrying Corporation Ltd?

The Book Value of North Eastern Carrying Corporation Ltd is 20.4.

What is the Dividend Yield of North Eastern Carrying Corporation Ltd?

The Dividend Yield of North Eastern Carrying Corporation Ltd is 0.00 %.

What is the ROCE of North Eastern Carrying Corporation Ltd?

The ROCE of North Eastern Carrying Corporation Ltd is 7.38 %.

What is the ROE of North Eastern Carrying Corporation Ltd?

The ROE of North Eastern Carrying Corporation Ltd is 5.37 %.

What is the Face Value of North Eastern Carrying Corporation Ltd?

The Face Value of North Eastern Carrying Corporation Ltd is 10.0.

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 North Eastern Carrying Corporation 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