As of 6 Nov 2026, NTC Industries trades at 8.2× trailing earnings, below the industry P/E of 11.6×, and the shares are 19% below their 52-week high. It earns ROCE of 11% and ROE of 9.3%, and sales and net profit grew 32% and 46% a year over 3 years. Debt is 0.37× equity. It is a small-cap company with a market cap of ₹174 Cr, ranked 5th of 7 Tobacco companies by market cap; the shares fell 16% over the past year.
- ₹121.97
- ₹123.00
- ₹115.10
- ₹121.97
- 2.5K
Health check
- ReturnsAhead
−15.8% over a year, better than 6 of 6 peers.
- Price tagCheaper
P/E 8.2 vs industry 11.6.
- GrowthStrong
Sales +31.6%, profit +45.7% a year over 3 years.
- ProfitabilityWeak
ROCE 11.0% vs peer median 30.0%.
- Balance sheetSolid
Debt 0.37× equity, interest covered 5.0×, Piotroski 6 of 9.
- Red flags1 to check
Quarterly sales down 13.4% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹174 Cr
- Small cap
- P/E
- 8.2
- Industry 11.6
- Price to book
- 0.83
- Peers 3.49
- Dividend yield
- 0.00%
- ROE
- 9.3%
- Peers 26.6%
- ROCE
- 11.0%
- Peers 30.0%
- Debt to equity
- 0.37
- Debt ₹77 Cr
- EPS (TTM)
- ₹14.56
- Face value ₹10
- OPM (TTM)
- 23.6%
- Net margin 17.8%
- Sales growth
- −13.4%
- Latest quarter vs a year ago
- Profit growth
- +8.0%
- Latest quarter vs a year ago
- Price to sales
- 1.54
- EV/EBITDA 9.9
Strengths and risks
Strengths
- P/E of 8.2 against an industry P/E of 11.6.
Risks to check
- Quarterly sales down 13.4% on a year ago.
About NTC Industries
ntc industries limited manufactures and sells cigarettes and tobacco products in India. The company offers matchboxes under the Regent brand name and incense sticks under the Agardeep brand name. The company sells tobacco products under the Loose Tabacco, GENERAL, Carlton, Derby, GOLDMANS, MACPOLE, Jaipur, Maypole, FX AMERICAN BLEND, Aadie, VALENTINO, PATRONCITO, El Patron, DOS, DOS II, and ROYAL KING brands. In addition, the company offers flue-cured…
- Headquarters
- Kolkata
- Employees
- 52
- Sector
- Consumer Defensive
- ISIN
- INE920C01017
- Website
- ntcind.com
Price range
- Avg volume (3M)
- 2K
- 1-year return
- minus 15.8%
- From 52-week high
- minus 18.6%
Peers · Tobacco
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITCITC | 283.15 | plus 1.54% | 3,54,841 | 18.8 | 4.98 | 36.5% | 26.8% | 32.1% | 3.6% | 2.5% | 5.65% | minus 31.8% |
| GODFRYPHLPGodfrey Phillips India | 1,790.00 | minus 0.22% | 27,919 | 22.3 | 4.49 | 30.0% | 26.6% | 21.7% | 21.6% | 30.3% | 2.79% | minus 40.6% |
| VSTINDVST Industries | 194.08 | plus 0.88% | 3,291 | 12.7 | 2.49 | 23.7% | 20.1% | 29.2% | 4.2% | −3.7% | 6.18% | minus 25.9% |
| ELITECONElitecon International | 6.10 | minus 4.54% | 975 | 5.3 | 2.46 | 34.2% | 63.6% | 7.6% | 343.9% | – | 0.00% | minus 64.4% |
| NTCINDNTC Industries | 119.66 | minus 1.89% | 174 | 8.2 | 0.83 | 11.0% | 9.3% | 23.6% | 31.6% | 45.7% | 0.00% | minus 15.8% |
| GOLDENTOBCGolden Tobacco | 21.00 | minus 3.18% | 37 | 10.6 | −0.18 | – | – | −14.4% | – | – | 0.00% | minus 36.2% |
| SINNARSinnar Bidi Udyog | 594.80 | minus 3.76% | 24 | – | 5.59 | −1.8% | −3.1% | 0.2% | −8.4% | – | 0.00% | minus 27.6% |
| Median of 6 peers | – | −1.70% | 2,133 | 12.7 | 3.49 | 30.0% | 26.6% | 14.6% | 4.2% | 2.5% | 1.40% | −34.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 24.5 | 22.5 | 22.9 | 27.6 | 21.2 | |
| 18.8 | 18 | 18.6 | 20.7 | 14.6 | |
| 5.7 | 4.4 | 4.3 | 6.9 | 6.6 | |
| 23.4% | 19.8% | 18.7% | 25.0% | 31.1% | |
| 4 | 3 | 2.9 | 2.4 | 3.2 | |
| 1.8 | 1.6 | 1.6 | 1.5 | 1.3 | |
| 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |
| 7.6 | 5.5 | 5.2 | 7.4 | 8.1 | |
| 25.1% | 20.2% | 26.0% | 23.1% | 24.6% | |
| 5.7 | 4.4 | 3.8 | 5.7 | 6.1 | |
| 3.90 | 3.78 | 2.63 | 3.93 | 4.22 |
Profit & loss
- Sales CAGR 3Y
- +31.6%
- Profit CAGR 3Y
- +45.7%
- EPS CAGR 3Y
- +36.5%
- ROE
- 9.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 49.4 | 42.1 | 60 | 113 | |
| – | minus 14.8% | +42.5% | +87.4% | |
| 42.8 | 33.8 | 45.9 | 91 | |
| 6.6 | 8.3 | 14.1 | 21.6 | |
| 13.4% | 19.8% | 23.5% | 19.2% | |
| 4.5 | 7.5 | 7.3 | 12 | |
| 0.3 | 0.5 | 5.7 | 6.4 | |
| 2 | 2.1 | 1.6 | 1.5 | |
| 0 | −6.5 | 0.1 | −0.1 | |
| 8.8 | 6.7 | 14.3 | 25.6 | |
| 28.0% | 24.7% | 20.5% | 23.7% | |
| 6.3 | 5.1 | 11.4 | 19.6 | |
| – | minus 20.0% | +124.7% | +72.1% | |
| 5.30 | 4.24 | 8.79 | 13.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.9 | 11.9 | 14.5 | 14.5 | |
| 76.9 | 90.7 | 196 | 195 | |
| 6.6 | 46.3 | 80 | 76.7 | |
| 17.9 | 20.4 | 38.4 | 33.4 | |
| 113 | 169 | 329 | 320 | |
| 14.3 | 10.1 | 9.6 | 10.3 | |
| 5.9 | 1.1 | 1.2 | 1.9 | |
| 4.7 | 16.3 | 108 | 86.8 | |
| 0.8 | 0.7 | 0.3 | 1.2 | |
| 87.7 | 141 | 209 | 220 | |
| 113 | 169 | 329 | 320 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.8 | 90.5 | −2.1 | −8 | |
| −2.7 | −89.5 | −29.2 | 16.4 | |
| −0.7 | −0.9 | 30.1 | −7.9 | |
| 0.5 | 0 | −1.2 | 0.5 | |
| −5.4 | −97.9 | −0.2 | −1.6 | |
| −1.6 | −7.4 | −2.3 | −9.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.