NCL Industries Limited

Construction Materials · Cement & Cement Products

NSE: NCLIND BSE: 502168

₹174.18

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Cement & Cement Products

The largest companies in the same industry by market cap. This company ranks #23 of 40. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
UltraTech Cement Limited	322,850	42.6	10.1%	-9.4%	2.19%	58	13	48
Grasim Industries Limited	208,387	291.1	6.1%	9.8%	—	28	65	28
Ambuja Cements Limited	92,932	24.7	7.7%	-34.5%	0.53%	61	68	12
SHREE CEMENT LIMITED	80,622	52.8	7.5%	-23.7%	0.67%	71	25	47
JK Cement Limited	39,221	39.5	13.9%	-19.5%	0.39%	48	5	50
Dalmia Bharat Limited	31,580	399.9	6.4%	-24.5%	0.53%	71	43	14
ACC Limited	22,611	11.0	10.4%	-34.1%	0.62%	69	97	11
The Ramco Cements Limited	19,980	31.3	8.6%	-14.8%	0.30%	37	62	12
NCL Industries Limited (this stock)	788	6.6	10.1%	-12.4%	2.01%	56	100	48

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹1,021 Cr

EV / EBITDA

5.2x

EV / Sales

0.71x

Market cap / Sales

0.55x

Earnings yield

15.08%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 348 Cr, up 1.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	344	23	17	₹3.8100
March 31, 2026	400	43	42	₹15.1600
Dec. 31, 2025	343	23	13	₹2.9300
Sept. 30, 2025	345	29	20	₹4.3600
June 30, 2025	338	36	20	₹4.4700
March 31, 2025	383	9	6	₹1.3700
Dec. 31, 2024	341	6	3	₹
Sept. 30, 2024	330	7	3	₹0.5800
June 30, 2024	355	21	13	₹2.8600
March 31, 2024	495	34	24	₹5.2500
Dec. 31, 2023	505	42	25	₹5.5500
Sept. 30, 2023	431	23	14	₹3.0600
June 30, 2023	441	49	31	₹6.8700

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	348	412	351	353	343	391	334	358	501	508	435	445	442
Operating revenue	344	400	343	345	338	383	330	355	495	505	431	441	435
Other income	4	12	8	8	4	8	3	4	6	3	4	5	7
Operating expenses	304	348	307	296	288	362	297	319	446	448	392	378	396
Operating profit	40	51	36	49	51	21	34	36	49	57	39	63	39
Operating profit margin	11.5%	12.8%	10.6%	14.2%	15.0%	5.4%	10.2%	10.2%	9.9%	11.3%	9.1%	14.3%	8.9%
Depreciation	15	15	15	13	13	15	15	13	16	13	13	13	13
Interest	6	5	5	5	6	5	5	6	5	6	7	5	6
Exceptional items, gain / (loss)	—	—	—	-10	—	—	-10	—	—	—	—	—	—
Profit before tax	23	43	23	29	36	9	7	21	34	42	23	49	27
Tax	6	-23	10	9	16	2	4	8	10	17	9	18	16
Net profit	17	—	13	—	—	6	3	13	24	25	14	31	11
EPS	3.81	15.16	2.93	4.36	4.47	1.37	0.58	2.86	5.25	5.55	3.06	6.87	2.04
Net profit (TTM)	—	—	—	—	—	46	65	76	94	81	76	65	46
EPS (TTM)	26.26	26.92	13.13	10.78	9.28	10.06	14.24	16.72	20.73	17.52	16.38	13.93	9.82

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,422	137	95
March 31, 2025	1,411	43	25
March 31, 2024	1,871	148	94
March 31, 2023	1,610	93	46

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	-3.7%	0.9%	1,454^†	—	1,890^†	1,629^†	1,645^†	1,390^†	940^†	986^†	917^†	860^†
Operating revenue	-4.0%	0.5%	1,422	1,411	1,871	1,610	1,633^†	1,384^†	938^†	980^†	910^†	858^†
Other income	—	—	32^†	—	18^†	19^†	11^†	7^†	3^†	6^†	7^†	2^†
Operating expenses	—	—	1,239^†	—	1,663^†	1,461^†	1,426^†	1,101^†	798^†	—	777^†	719^†
Operating profit	7.3%	-8.3%	183^†	—	208^†	148^†	207^†	283^†	139^†	—	133^†	139^†
Operating profit margin	—	—	12.9%^†	—	11.1%^†	9.2%^†	12.7%^†	20.4%^†	14.9%^†	—	14.6%^†	16.2%^†
Depreciation	—	—	57^†	—	56^†	48^†	45^†	41^†	42^†	—	35^†	25^†
Interest	—	—	20^†	—	23^†	26^†	24^†	20^†	31^†	35^†	31^†	31^†
Exceptional items, gain / (loss)	—	—	-10^†	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	-0^†
Profit before tax	13.9%	-9.6%	137	43	148	93	150^†	228^†	69^†	61^†	74^†	62^†
Tax	—	—	12^†	—	53^†	47^†	52^†	79^†	18^†	14^†	25^†	7^†
Net profit	27.5%	-8.5%	95	25	94	46	98^†	149^†	51^†	47^†	49^†	55^†
EPS	40.0%	-3.8%	26.92^†	—	20.73^†	9.82^†	21.53^†	32.65^†	11.26^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	12.9%^†	—	11.1%^†	9.2%^†	12.7%^†	20.4%^†	14.9%^†	—	14.6%^†	16.2%^†
EBIT margin	11.1%^†	—	9.1%^†	7.4%^†	10.7%^†	17.9%^†	10.6%^†	9.8%^†	11.6%^†	10.8%^†
PBT margin	9.7%	3.0%	7.9%	5.8%	9.2%^†	16.5%^†	7.4%^†	6.2%^†	8.2%^†	7.2%^†
Net margin	6.7%	1.8%	5.0%	2.9%	6.0%^†	10.7%^†	5.4%^†	4.8%^†	5.4%^†	6.4%^†
Interest coverage	7.70x^†	—	7.43x^†	4.55x^†	7.19x^†	12.12x^†	3.26x^†	2.75x^†	3.40x^†	2.98x^†
Dividend payout	13.0%^†	—	14.5%^†	30.5%^†	18.6%^†	7.7%^†	35.5%^†	—	—	—
Earnings retention	87.0%^†	—	85.5%^†	69.5%^†	81.4%^†	92.3%^†	64.5%^†	—	—	—
Current ratio	1.10x	1.12x	—	—	—	—	—	—	—	—
Quick ratio	0.61x	0.52x	—	—	—	—	—	—	—	—
Debt to equity	0.25x	0.29x	—	—	—	—	—	—	—	—
Return on equity	10.1%	2.9%	—	—	—	—	—	—	—	—
Return on assets	6.0%	1.5%	—	—	—	—	—	—	—	—
Return on capital employed	12.3%^†	—	—	—	—	—	—	—	—	—
Asset turnover	0.90x	0.86x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	146	-108	-50	110	36
March 31, 2025	96	-111	-5	118	-21
March 31, 2024	183	-64	-110	67	116
March 31, 2023	184	-103	-57	103	81
March 31, 2022	72	-139	10	140	-68

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,588	946	901	87	149	337	307	3	1,088	148
March 31, 2025	1,648	864	819	102	147	461	412	15	918	248
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.