NCL Industries Share Price

186.471.50 (0.82%)

Live
As On: 10 Jun, 2026, 11:18 AM IST
As On: 10 Jun, 2026, 11:18 AM IST

Sector: Cement
Industry: Cement - South

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Open	185.00
High	188.18
Low	185.00
Prev Close	184.97
Volume	41,574
VWAP(₹)	187.16

Share Price	Value
Today/Current/Last	186.47187.10
Previous Day	184.97185.40

NCL Industries Share Recommendations

Recent Recos

Target₹242
OrganizationAnand Rathi
BUY

Target₹264
OrganizationAnand Rathi
BUY

Target₹240
OrganizationICICI Direct
HOLD

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News & Analysis

Coal India Q4 Results: Profit rises 12% to Rs 10,908 crore; co declares Rs 5.25 dividend
News
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Announcements

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Share Analysis

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PRICE MOMENTUM

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Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	411.54	350.63	352.70	342.83	391.90
Total Income Growth (%)	17.37	-0.59	2.88	-12.52	13.11
Total Expenses	363.97	322.03	319.10	301.24	377.69
Total Expenses Growth (%)	13.02	0.92	5.93	-20.24	12.45
EBIT	47.58	28.60	33.60	41.59	14.21
EBIT Growth (%)	66.37	-14.90	-19.20	192.69	34.14
Profit after Tax (PAT)	41.98	13.24	19.90	20.27	6.93
PAT Growth (%)	216.95	-33.43	-1.87	192.41	132.67
EBIT Margin (%)	11.56	8.16	9.53	12.13	3.63
Net Profit Margin (%)	10.20	3.78	5.64	5.91	1.77
Basic EPS (₹)	9.81	2.93	4.40	4.48	1.48

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	411.54	350.63	352.71	342.83	391.32
Total Income Growth (%)	17.37	-0.59	2.88	-12.39	13.04
Total Expenses	363.66	321.81	319.02	301.15	377.00
Total Expenses Growth (%)	13.00	0.88	5.93	-20.12	12.46
EBIT	47.89	28.82	33.69	41.68	14.33
EBIT Growth (%)	66.14	-14.45	-19.16	190.95	30.57
Profit after Tax (PAT)	42.09	13.26	19.74	20.21	6.44
PAT Growth (%)	217.40	-32.82	-2.34	213.91	91.71
EBIT Margin (%)	11.64	8.22	9.55	12.16	3.66
Net Profit Margin (%)	10.23	3.78	5.60	5.90	1.65
Basic EPS (₹)	9.83	2.93	4.36	4.47	1.37

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	1,453.66	1,432.01	1,890.24	1,628.46	1,644.54
Total Revenue Growth (%)	1.51	-24.24	16.08	-0.98	18.18
Total Expenses	1,306.62	1,379.15	1,743.58	1,537.22	1,497.91
Total Expenses Growth (%)	-5.26	-20.90	13.42	2.62	28.35
Profit after Tax (PAT)	95.39	25.20	93.22	44.29	94.35
PAT Growth (%)	278.58	-72.97	110.49	-53.06	-35.13
Operating Profit Margin (%)	11.67	5.22	9.06	7.29	10.45
Net Profit Margin (%)	6.70	1.78	4.98	2.75	5.77
Basic EPS (₹)	21.62	5.52	20.50	9.40	20.69

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	1,453.65	1,431.13	1,889.56	1,628.89	1,644.54
Total Revenue Growth (%)	1.57	-24.26	16.00	-0.95	18.29
Total Expenses	1,306.61	1,378.15	1,741.92	1,535.95	1,494.71
Total Expenses Growth (%)	-5.19	-20.88	13.41	2.76	28.58
Profit after Tax (PAT)	95.29	25.38	94.20	46.00	98.14
PAT Growth (%)	275.43	-73.06	104.80	-53.13	-34.00
Operating Profit Margin (%)	11.72	5.28	9.11	7.40	10.65
Net Profit Margin (%)	6.70	1.79	5.03	2.85	6.00
Basic EPS (₹)	21.60	5.56	20.74	9.80	21.53

All figures in Rs Cr, unless mentioned otherwise

Insights

Quarterly Topline Performance
Company witnessed QoQ revenue growth of 17.37%, which is highest in the last 3 years. (Source: Consolidated Financials)
Employee & Interest Expense
Company has spent 1.34% of its operating revenues towards interest expenses and 5.01% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	1,574.31	1,634.80	1,538.97	1,520.08	1,470.54
Total Assets Growth (%)	-3.70	6.23	1.24	3.37	13.21
Total Liabilities	634.10	776.56	689.87	750.22	729.70
Total Liabilities Growth (%)	-18.34	12.57	-8.04	2.81	15.05
Total Equity	940.20	858.24	849.10	769.86	740.84
Total Equity Growth (%)	9.55	1.08	10.29	3.92	11.45
Current Ratio (x)	1.23	1.14	1.34	1.28	1.21
Total Debt to Equity (x)	0.25	0.29	0.26	0.38	0.43
Contingent Liabilities	0.00	278.55	260.37	335.14	193.50

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	1,588.32	1,648.47	1,541.98	1,521.93	1,471.56
Total Assets Growth (%)	-3.65	6.91	1.32	3.42	13.32
Total Liabilities	642.07	784.09	686.92	747.09	727.49
Total Liabilities Growth (%)	-18.11	14.15	-8.05	2.69	14.78
Total Equity	946.25	864.38	855.06	774.84	744.07
Total Equity Growth (%)	9.47	1.09	10.35	4.14	11.93
Current Ratio (x)	1.20	1.12	1.32	1.28	1.22
Total Debt to Equity (x)	0.25	0.29	0.25	0.38	0.43
Contingent Liabilities	0.00	285.72	262.06	335.14	193.50

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	144.97	86.18	182.82	208.15	71.63
Net Cash used in Investing Activities	-107.66	-111.13	-59.09	-95.80	-139.28
Net Cash flow from Financing Activities	-48.89	-4.80	-110.32	-82.82	10.08
Net Cash Flow	-11.58	-29.75	13.40	29.52	-57.57
Closing Cash & Cash Equivalent	3.31	14.89	44.61	40.23	10.72
Closing Cash & Cash Equivalent Growth (%)	-77.77	-66.62	10.87	275.42	-84.89
Total Debt/ CFO (x)	1.63	2.89	1.19	1.40	4.45

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	145.71	96.47	182.98	210.56	71.71
Net Cash used in Investing Activities	-107.66	-111.13	-64.15	-103.07	-139.01
Net Cash flow from Financing Activities	-49.60	-5.47	-110.32	-82.82	9.79
Net Cash Flow	-11.54	-20.14	8.51	24.66	-57.51
Closing Cash & Cash Equivalent	3.16	14.71	34.81	35.33	10.67
Closing Cash & Cash Equivalent Growth (%)	-78.51	-57.75	-1.47	231.20	-84.94
Total Debt/ CFO (x)	1.62	2.58	1.19	1.39	4.44

All figures in Rs Cr, unless mentioned otherwise

Insights

Decrease in Cash from Investing
Company has used Rs 107.66 cr for investing activities which is an YoY decrease of 3.12%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	10.14	2.93	10.97	5.75	12.73
Return on Capital Employed (%)	13.02	5.99	14.02	9.88	15.20
Return on Assets (%)	6.05	1.54	6.05	2.91	6.41
Interest Coverage Ratio (x)	11.64	6.24	9.83	6.36	8.99
Asset Turnover Ratio (x)	0.89	0.89	1.22	1.08	1.18
Price to Earnings (x)	7.05	32.79	8.96	18.21	8.53
Price to Book (x)	0.71	0.96	0.98	1.05	1.09
EV/EBITDA (x)	4.05	8.07	4.42	6.35	5.11
EBITDA Margin (%)	15.58	9.24	12.05	10.35	13.31

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	10.07	2.93	11.01	5.93	13.18
Return on Capital Employed (%)	13.01	6.02	14.03	9.97	15.45
Return on Assets (%)	5.99	1.53	6.10	3.02	6.66
Interest Coverage Ratio (x)	11.24	6.07	9.86	6.40	9.03
Asset Turnover Ratio (x)	0.88	0.88	1.22	1.08	1.18
Price to Earnings (x)	7.05	32.57	8.87	17.54	8.20
Price to Book (x)	0.71	0.95	0.98	1.04	1.08
EV/EBITDA (x)	4.05	8.04	4.46	6.34	5.09
EBITDA Margin (%)	15.60	9.27	12.09	10.41	13.37

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Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
NCL Industries	8.83	0.90	10.14	13.02	6.05	-3.68	11.67	6.70	21.62	1.23	0.25	1.63
Dalmia Bharat	27.25	1.71	6.33	7.07	3.41	3.15	13.21	7.81	60.73	1.55	0.38	2.96
Ramco Cements	28.52	2.46	8.63	6.02	4.19	3.43	8.16	7.66	29.56	0.54	0.48	2.39
India Cements	-172.87	1.15	-0.66	1.56	-0.50	-6.74	4.12	-1.46	-2.17	1.01	0.13	-48.80
Orient Cement	8.06	1.27	15.73	13.54	10.77	-1.52	12.07	12.08	16.44	1.95	0.02	-1.00
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Annual Ratios (%)

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Sagar Cements
KCP Ltd
Deccan Cements
Andhra Cements
Anjani Portland

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Stock Performance

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TABLE

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
NCL Industries Stock Performance	0.82	9.64	5.52	-0.19	-16.91	-3.96	-7.71
Dalmia Bharat Stock Performance	0.47	-5.97	-16.61	-19.84	-20.58	-19.35	-9.37
Ramco Cements Stock Performance	-1.37	-10.01	-16.30	-24.58	-14.18	-0.46	-15.25
India Cements Stock Performance	-0.80	-4.81	-10.37	-11.38	17.76	95.44	85.03
Orient Cement Stock Performance	-0.75	-4.60	-8.86	-16.37	-62.13	7.38	-4.88
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Category	No. of Shares	Percentage	% Change QoQ
Promoters	1,87,96,687	41.56 %	0.60
Pledge	26,12,677	13.90 %	-0.53
FII	17,48,749	3.87 %	-0.08
DII	77,801	0.18 %	0.04
MF	2,750	0.01 %	0.00
Others	2,46,09,553	54.39 %	-0.56

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	41.56	40.95	40.92	41.01
Pledge	13.90	14.44	14.76	16.84
FII	3.87	3.95	4.45	5.77
DII	0.18	0.14	0.07	0.07
Mutual Funds	0.01	0.01	0.01	0.01
Others	54.39	54.95	54.55	53.15

Mutual Funds Ownership

No Data Available

Corporate Actions

Recent
Final
20%
May 29, 2026
Board Meeting
Audited Results & Final Dividend
May 22, 2026
General Meeting
-
Feb 23, 2026

Board Meetings

Announced on	Meeting on
May 22, 2026	May 29, 2026
Audited Results & Final Dividend
Feb 03, 2026	Feb 13, 2026
Quarterly Results
Nov 06, 2025	Nov 14, 2025
Quarterly Results
Jul 29, 2025	Aug 08, 2025
Quarterly Results & A.G.M.
May 22, 2025	May 30, 2025
Audited Results & Final Dividend

Dividends
Announced on Ex-Date Dividend%
Feb 13, 2026 Feb 20, 2026 15%
May 30, 2025 Sep 18, 2025 20%
Feb 12, 2025 Feb 18, 2025 10%
May 10, 2024 Sep 13, 2024 25%
May 29, 2026 - 20%
Bonus
No Data Available
Splits
No Data Available

Announced on	Ex-Date	Dividend%
Feb 13, 2026	Feb 20, 2026	15%
May 30, 2025	Sep 18, 2025	20%
Feb 12, 2025	Feb 18, 2025	10%
May 10, 2024	Sep 13, 2024	25%
May 29, 2026	-	20%

Rights

Announced on	Ex-Date
Jul 27, 2005	Feb 27, 2006
Rights ratio: 4 share for every 5 held at a price of Rs 18.0
Jan 24, 1995	-
Rights ratio: 1 share for every 1 held at a price of Rs 10.0
Sep 30, 1992	Feb 07, 1992
Rights ratio: 1 share for every 5 held at a price of Rs 10.0
Nov 30, 1991	Feb 07, 1992
NA

AGM/EGM Meetings

Announced on	Meeting on
Feb 23, 2026	Apr 02, 2026
-
Dec 15, 2025	Jan 20, 2026
-
Sep 16, 2025	Sep 25, 2025
-
Aug 09, 2024	Sep 20, 2024
Book closure from Sep 14, 2024 to Sep 20, 2024
Aug 11, 2023	Sep 25, 2023
Rs.1.5000 per share(15%)Final Dividend & A.G.M.

About NCL Industries

NCL Industries Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 836.67 Crore) operating in Cement sector.

NCL Industries Ltd. key Products/Revenue Segments include Cement for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 411.54 Crore, up 17.37 % from last quarter Total Income of Rs 350.63 Crore and up 5.01 % from last year same quarter Total Income of Rs 391.90 Crore. Company has reported net profit after tax of Rs 41.98 Crore in latest quarter.

The company’s top management includes Mrs.Renu Challu, Mr.K Ravi, Mr.K Gautam, Mr.N G V S G Prasad, Mrs.Roopa Bhupatiraju, Mr.Utkal B Goradia, Mrs.Pooja Kalidindi, Mr.P Rajagopal Reddy, Mrs.P Sudha Reddy, Mr.SK Subramanian, Mr.T Arun Kumar. Company has Venugopal & Chenoy as its auditors. As on 31-03-2026, the company has a total of 4.52 Crore shares outstanding.

NCL Industries Share Price Today is Rs. 186.47. On previous day, the NCL Industries Share Price (NSE) closed at Rs. 182.52, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 41.56% of the stake in NCL Industries shares, out of which 13.9% was pledged. On the same date, foreign institutional investors' (FII) holdings of NCL Industries stocks was 3.87% as compared to 3.95% in Dec 2025 with decrease of 0.08%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 0.18% as compared to 0.14% in Dec 2025 with increase of 0.04%. Out of the total DII holdings in NCL Industries shares 0.01% was held by mutual funds. The rest including public held is 54.39%. NCL Industries stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
NCL Industries Dividend: Ever since 1979, NCL Industries dividends has been paid out around 37 times. As on 10 Jun, 2026, 11:18 AM IST, The overall dividend yield for NCL Industries stands at 1.89%. The last dividend paid was on February 20, 2026 (Rs. 1.5). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 21.09.

NCL Industries Bonus: The most recent bonus issue had been in year null around 0 years ago at 0 : 0 ratio. The first bonus issue was announced in null.

Stock Forecast:
After showing 411.54 Cr. of sales and 17.37% of quarterly net profit, there have been multiple ups and downs in the NCL Industries stock prices in the past few weeks. For example, NCL Industries stock price on 2nd of June 2026 was around Rs. 185.67. NCL Industries share price now stands at an average of Rs. 186.47. Judging by last week's performance, stock is in down trend.

NCL Industries has a median target price of Rs. 0.0 in 12 months by 0 analysts. They have provided a high estimate of Rs. 0.0 and low estimate of Rs. 0.0 for NCL Industries share.

Historical Prices and Performance:
NCL Industries, incorporated in 1979 is a Small Cap company (with a market cap of Rs. 836.67) operating in Cement sector.
The Return of Equity (ROE) in last five financial years given by NCL Industries stock was 10.14%, 2.93%, 10.97%, 5.75% and 12.73% respectively.
The NCL Industries share gave a 3 year return of -6.44% as compared to Nifty 50 which gave a return of 25.2%.
NCL Industries announced 15.0% final dividend on February 20, 2026.

Key Metrics:
PE Ratio of NCL Industries is 8.77
Prices/Sales Ratio of NCL Industries is 0.47
Price/Book Ratio of NCL Industries is 0.89

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For NCL Industries, major competitors and peers include Dalmia Bharat, Ramco Cements, India Cements and Orient Cement. As of Dec 2025, the dividend yield of NCL Industries stands at 1.89% while Dalmia Bharat, Ramco Cements, India Cements and Orient Cement stand at 0.0%, 0.29%, 0.0% and 0.37% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 8.77 and 0.89 respectively.

Leadership of NCL Industries :
T Arun Kumar is Vice President & Co. Secretary
Renu Challu is Chairperson
K Ravi is Executive Vice Chairman
K Gautam is Managing Director
N G V S G Prasad is Executive Director & CFO
Roopa Bhupatiraju is Executive Director
Utkal B Goradia is Executive Director
Pooja Kalidindi is Non Executive Director
SK Subramanian is Independent Director
P Sudha Reddy is Independent Director
P Rajagopal Reddy is Independent Director

Industry

Cement - South

Key Indices Listed On

BSE Commodities

Address

10-3-162, NCL Pearl,7th Floor, Opp Hyderabad Bhavan,East Marredpally.Secunderabad, Telangana - 500026

Contact

ncl@nclind.com

http://www.nclind.com

PE Ratio(x)	8.82
EPS - TTM(₹)	21.09
MCap(₹ Cr.)	841.33
MCap Rank	23
PB Ratio(x)	0.89
Div Yield(%)	1.88
Face Value(₹)	10.00
52W High(₹)	239.39
52W Low(₹)	147.50
MCap/Sales	0.47
Beta(1 Month)	1.01
BV/Share(₹)	207.86

PE Ratio(x)	8.87
EPS - TTM(₹)	21.09
MCap(₹ Cr.)	846.31
MCap Rank	23
PB Ratio(x)	0.89
Div Yield(%)	1.87
Face Value(₹)	10.00
52W High(₹)	239.20
52W Low(₹)	147.65
MCap/Sales	0.47
Beta(1 Month)	0.78
BV/Share(₹)	207.86

1 Day	0.82%
1 Month	4.71%
3 Months	1.64%
1 Year	-16.18%
3 Years	-5.68%
5 Years	-10.84%

1 Day	0.91%
1 Month	5.08%
3 Months	2.35%
1 Year	-15.78%
3 Years	-5.31%
5 Years	-10.44%

R1	-	Pivot -	S1	-
R2	-		S2	-
R3	-		S3	-

NCL Industries Share Price

Key Metrics