526723
NTC Industries financials
- Market cap
- ₹196 Cr
- Sector
- Fast Moving Consumer Goods
What NTC Industries does
NTC Industries manufactures and sells cigarettes and tobacco products and also sells FMCG products. Alongside this core business, the company earns rental income and has been building a real-estate business through wholly owned subsidiaries. Commercial production of its cigarette business commenced on 18 December 1991. Two of its newer real-estate subsidiaries have been incorporated to expand this business but have not yet commenced operations.
Segments
- Cigarettes & Tobacco Products
- FMCG Products
- Real Estate / Rental Services
- Wholly owned subsidiaries
- 4 (NTCIL Infrastructure, NTCIL Real Estate, NTCIL Siliguri Estate, NTCIL Realty)
- Material subsidiary
- NTCIL Real Estate Private Limited
- Commercial production commenced
- 18 December 1991
Quarterly results
Q1 FY27: revenue down 10.2%, net profit up 7.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 13 | 24 | 28 | 26 +70% | 27 +99% | 32 +34% | 25 −10% |
| EBITDA | 3 | 3 | 6 | 6 | 4 +69% | 4 +32% | 7 +19% | 7 +15% |
| Net profit | 2 | 2 | 6 | 6 | 4 +124% | 4 +63% | 6 +3% | 6 +8% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −29.2% 1Y
1Y: ₹190.75 on 10 Sept 2025 → ₹135. High ₹203.3 (22 Jan 2026), low ₹128.95 (23 Jul 2026).
Financials, as filed
Revenue grew 31.6% a year over 3 years, FY23 to FY26. Operating margin widened to 18.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹49 Cr | ₹42 Cr | ₹60 Cr | ₹113 Cr |
| Operating profit | ₹8 Cr | ₹8 Cr | ₹14 Cr | ₹21 Cr |
| Operating margin | 16.7% | 19.8% | 23.5% | 18.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹7 Cr |
| Depreciation | ₹2 Cr | ₹6 Cr | ₹2 Cr | ₹1 Cr |
| Net profit | ₹6 Cr | ₹5 Cr | ₹11 Cr | ₹20 Cr |
| Net margin | 12.8% | 12.0% | 18.9% | 17.4% |
| Cash from operations | ₹4 Cr | ₹90 Cr | ₹-2 Cr | ₹-8 Cr |
| Free cash flow | ₹-2 Cr | ₹-7 Cr | ₹-2 Cr | ₹-10 Cr |
| ROCE | 10.0% | 8.0% | 9.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹59 Cr | ₹71 Cr | ₹77 Cr | ₹91 Cr | ₹206 Cr | ₹195 Cr |
| Borrowings | ₹4 Cr | ₹6 Cr | ₹7 Cr | ₹46 Cr | ₹75 Cr | ₹77 Cr |
| Other liabilities | ₹28 Cr | ₹16 Cr | ₹18 Cr | ₹20 Cr | ₹46 Cr | ₹33 Cr |
| Total liabilities | ₹103 Cr | ₹105 Cr | ₹113 Cr | ₹169 Cr | ₹342 Cr | ₹320 Cr |
| Fixed assets | ₹28 Cr | ₹29 Cr | ₹29 Cr | ₹129 Cr | ₹127 Cr | ₹127 Cr |
| Capital work in progress | ₹4 Cr | ₹2 Cr | ₹6 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Investments | ₹2 Cr | ₹4 Cr | ₹5 Cr | ₹16 Cr | ₹110 Cr | ₹87 Cr |
| Other assets | ₹68 Cr | ₹69 Cr | ₹74 Cr | ₹23 Cr | ₹104 Cr | ₹104 Cr |
| Total assets | ₹103 Cr | ₹105 Cr | ₹113 Cr | ₹169 Cr | ₹342 Cr | ₹320 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.27 pp while the public added +0.27 pp. The shareholder count grew 5% to 9,165.
- Promoters
- 54.3%
- FIIs
- 5.7%
- Public
- 40.0%
Since Jun 2025
- FIIs −0.27 pp
- Public +0.27 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 65.9% to 54.3% — −11.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.9%, FIIs 0.0%, DIIs 0.0%, Public 34.1%.Dec '23: Promoters 65.9%, FIIs 0.0%, DIIs 0.0%, Public 34.1%.Mar '24: Promoters 65.9%, FIIs 0.0%, DIIs 0.0%, Public 34.1%.Jun '24: Promoters 65.9%, FIIs 0.0%, Public 34.1%.Sep '24: Promoters 66.1%, FIIs 0.0%, Public 33.9%.Dec '24: Promoters 55.1%, FIIs 3.1%, Public 41.7%.Mar '25: Promoters 54.3%, FIIs 3.1%, Public 42.5%.Jun '25: Promoters 54.3%, FIIs 5.9%, Public 39.7%.Sep '25: Promoters 54.3%, FIIs 5.9%, Public 39.7%.Dec '25: Promoters 54.3%, FIIs 5.9%, Public 39.7%.Mar '26: Promoters 54.3%, FIIs 5.5%, Public 40.2%.Jun '26: Promoters 54.3%, FIIs 5.7%, Public 40.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of NTC Industries above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sheetal Dugar | 13.32% | unchanged |
| Yms Finance Private Limited | 13.16% | unchanged |
| Vinod Dugar | 10.27% | unchanged |
| Loka Properties Pvt Limited | 8.54% | unchanged |
| Khatod Investments And Finance Company L | 6.34% | unchanged |
| Sukhraj Babulalji Nahar | 4.13% | unchanged |
| Ebisu Global Opportunities Fund Limited FPI fund | 2.62% | unchanged |
| Ankur Constructions Pvt Ltd. | 2.58% | unchanged |
| Maharaj Commercial Private Limited | 2.41% | unchanged |
| Dharmendra Kumar Jain | 2.41% | unchanged |
| Eminence Global Fund Pcc- Eubilia Capita FPI fund | 2.39% | unchanged |
| Vishal Sanjay Surana | 2.26% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse NTC Industries
Guides on how to read this kind of business and the numbers that matter.