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On 6 Nov 2026, NCL Industries was priced at ₹164.93, or 6.3× trailing earnings, against an industry P/E of 27.3×, and the shares are 23% below their 52-week high. Its ROCE of 12% is the second-highest among the 7 largest Building Materials peers, and sales fell 4.0% a year over 3 years while net profit grew 29%. Its dividend yield is 2.4%, and debt is 0.32× equity. It is a small-cap company with a market cap of ₹746 Cr, ranked 26th of 58 Building Materials companies by market cap; the shares fell 18% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹163.01
Day high
₹167.00
Day low
₹161.55
Prev. close
₹165.12
Volume
19K

Health check

2 good · 3 fair · 1 to check
  • ReturnsIn line

    −17.8% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/E 6.3 vs industry 27.3.

  • GrowthSteady

    Sales −4.0%, profit +29.1% a year over 3 years.

  • ProfitabilityAverage

    ROCE 12.2% vs peer median 10.2%.

  • Balance sheetSolid

    Debt 0.32× equity, interest covered 8.5×, Piotroski 6 of 9.

  • Red flags1 to check

    Quarterly profit down 14.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹746 Cr, #26 of 58 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,430 Cr · profit ₹119 Cr
Market cap
₹746 Cr
Small cap
P/E
6.3
Industry 27.3
Price to book
0.75
Peers 2.12
Dividend yield
2.43%
ROE
10.6%
Peers 4.9%
ROCE
12.2%
Peers 10.2%
Debt to equity
0.32
Debt ₹300 Cr
EPS (TTM)
₹26.27
Face value ₹10
OPM (TTM)
12.3%
Net margin 6.3%
Sales growth
+2.5%
Latest quarter vs a year ago
Profit growth
−14.3%
Latest quarter vs a year ago
Price to sales
0.52
EV/EBITDA 4.9

Strengths and risks

Strengths

  • Dividend yield of 2.43%.
  • P/E of 6.3 against an industry P/E of 27.3.
  • Positive operating cash flow in each of the last 4 years.
  • Promoter stake up from 40.9% to 42.5%.

Risks to check

  • Quarterly profit down 14.3% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About NCL Industries

NCL Industries Limited manufactures and sells building materials in India. It operates through five segments: Cement; Boards; Hydel Power; Ready Mix Concrete; and Readymade Doors. The company offers cement, including ordinary Portland, pozzolana Portland, and special cements for small housing, megastructures, and irrigation projects applications under the Nagarjuna brand. It also provides ready mixed concrete under the Nagarjuna RMC brand; cement bonded…

Headquarters
Secunderabad
Employees
825
Sector
Basic Materials
ISIN
INE732C01016
Website
nclind.com

Price range

52 weeks

₹147.50₹214.80

Today

₹161.55₹167.00
Avg volume (3M)
63.8K
1-year return
minus 17.8%
From 52-week high
minus 23.2%

Peers · Building Materials

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ULTRACEMCOUltraTech Cement12,450.00plus 1.63%3,66,11041.622.811.8%19.1%0.3811.9%plus 3.6%
GRASIMGrasim Industries3,227.00minus 0.02%2,18,88438.516.84.0%15.0%1.3514.3%plus 12.0%
AMBUJACEMAmbuja Cements390.60plus 0.67%97,05734.714.64.6%14.3%0.01–minus 31.6%
SHREECEMShree Cement25,100.00plus 0.82%90,56357.218.010.2%20.1%0.095.7%minus 9.8%
JKCEMENTJ.K. Cement5,239.80minus 0.20%40,48742.319.213.3%15.8%1.0112.1%minus 9.1%
DALBHARATDalmia Bharat1,470.30plus 0.27%27,60256.39.67.0%16.5%0.573.0%minus 28.5%
ACCACC1,236.20plus 0.77%23,21426.47.910.4%8.7%0.02–minus 33.1%
NCLINDNCL Industries164.93minus 0.12%7466.34.612.2%8.4%0.32−4.0%minus 17.8%
Median of 7 peers–0.67%90,56341.616.810.2%15.8%0.3811.9%−9.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
335345343400344
284296307349304
51.849.236.25139.6
15.5%14.2%10.5%12.8%11.5%
4.47.77.611.94.1
5.24.55.24.65.5
12.813.415.215.414.7
–−9.8–––
38.229.123.34323.5
42.8%31.7%43.3%−53.7%26.1%
20.319.913.24217.4
4.484.362.939.813.84

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−4.0%
Profit CAGR 3Y
+29.1%
EPS CAGR 3Y
+29.1%
ROE
10.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,6101,6431,3621,422
–+2.1%minus 17.1%+4.4%
1,4571,4241,2311,212
152219131211
9.5%13.3%9.6%14.8%
13.81111.822.6
26.122.919.218.3
49.256.156.658.1
0.5−4.6−10.2−19.5
91.214756.4137
51.5%36.4%39.6%9.8%
44.393.225.295.4
–+110.5%minus 73.0%+278.6%
9.7920.615.5721.09

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
45.245.245.245.2
725804813895
292218252239
444472524395
1,5061,5391,6351,574
1,0341,0301,0961,124
28.340.115313
55.652.763.165.9
38.552.3208.6
350364303362
1,5061,5391,6351,574

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
20618386.2145
−94−59.1−111−108
−82.8−110−4.8−48.9
29.213.4−29.8−11.6
−103−61.9−118−110
103121−31.735.2
−13.6−13.6−15.8−15.8

Shareholding pattern

Source: NSE filings
42.5%
promoters
  • Promoters42.49%
  • Public57.51%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202642.49%57.51%plus 0.82
30 Jun 202641.67%58.33%plus 0.11
31 Mar 202641.56%58.44%plus 0.61
31 Dec 202540.95%59.05%plus 0.03
30 Sep 202540.92%59.08%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you