NCL Industries share price & results
- Jun 2026
- Sept 2026
Telangana-based building-materials manufacturer producing cement (Nagarjuna Cement), cement-bonded particle boards (Bison Panel), ready-mix concrete, doors and hydroelectric power across Telangana, Andhra Pradesh and Himachal Pradesh.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 344 | +2.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 17.0 | −15.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 13.76 | +7.9 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 2.12 | +3.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 3.69 | +17.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −16.5% 1Y
1Y: ₹198.47 on 24 Oct 2025 → ₹165.76. High ₹211.16 (6 Jan 2026), low ₹148.17 (30 Mar 2026).
- Previous close
- ₹159.85
- Market cap
- ₹741 Cr
- 52-week range
- ₹148.17 – ₹211.16
- One year
- −16.85%
- Price to earnings (TTM to Jun 2026)
- 5.99×
- Return on equity (TTM to Jun 2026)
- 13.76%
Overview
- Symbol
- NSE:NCLIND
- Sector
- Construction Materials
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What NCL Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
NCL Industries manufactures cement under the Nagarjuna Cement brand from two plants in Telangana and Andhra Pradesh with a combined installed capacity of 3.30 million tonnes a year, sold through a network of 2,500+ dealers and distributors. It also makes cement-bonded particle boards (Bison Panel) at three plants, ready-mix concrete from ten plants around Hyderabad and Visakhapatnam, and doors at its Malkapur facility, which it describes as India's largest doors manufacturing plant with capacity for 1,000 doors a day. The company additionally runs two mini-hydel power projects generating 15.75 MW of renewable energy used to meet the needs of its power-intensive plants.
Segments
- Cement
- Boards
- Ready Mix Concrete (RMC)
- Doors
- Energy
- Cement installed capacity
- 3.30 million tonnes/year (2 plants, Telangana & Andhra Pradesh)
- Cement dealer/distributor network
- 2,500+
- Ready Mix Concrete plants
- 10 (Hyderabad & Visakhapatnam)
- Bison Panel (cement board) plants
- 3 (Mattapalli x2, Paonta Sahib)
- Bison Panel distributor network
- 450+ across India
- Doors manufacturing capacity
- 1,000 doors/day at Malkapur plant
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −15% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 330 | 341 | 375 | 335 | 345 | 343 | 400 | 344 |
| Expenses | 297 | 322 | 352 | 283 | 296 | 306 | 349 | 304 |
| Operating profit | 34 | 19 | 24 | 52 | 49 | 37 | 51 | 40 |
| Operating margin | 10.0% | 6.0% | 6.0% | 15.0% | 14.0% | 11.0% | 13.0% | 12.0% |
| Other income | -7 | 5 | 6 | 3 | -2 | 7 | -12 | 4 |
| Interest | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 6 |
| Depreciation | 15 | 14 | 14 | 13 | 13 | 15 | 15 | 15 |
| Profit before tax | 7 | 5 | 11 | 37 | 29 | 24 | 19 | 24 |
| Tax rate | 63.0% | 44.0% | 36.0% | 45.0% | 32.0% | 44.0% | −122.0% | 26.0% |
| Net profit | 3 | 3 | 7 | 20 | 20 | 13 | 42 | 17 |
| EPS (₹ per share) | 0.55 | 0.66 | 1.53 | 4.48 | 4.40 | 2.93 | 9.28 | 3.84 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,610 | 1,756 | 1,401 | 1,423 |
| Expenses | 1,461 | 1,548 | 1,290 | 1,234 |
| Operating profit | 149 | 207 | 113 | 189 |
| Other income | 20 | 19 | 8 | -4 |
| Interest | 26 | 23 | 21 | 19 |
| Depreciation | 49 | 56 | 56 | 56 |
| Profit before tax | 92 | 147 | 44 | 109 |
| Net profit | 46 | 94 | 26 | 95 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 696 | 725 | 804 | 813 | 850 | 895 |
| Borrowings | 404 | 292 | 218 | 252 | 259 | 239 |
| Other liabilities | 326 | 444 | 472 | 524 | 493 | 395 |
| Total liabilities | 1,471 | 1,506 | 1,539 | 1,635 | 1,647 | 1,574 |
| Fixed assets | 802 | 1,006 | 1,000 | 953 | 921 | 1,121 |
| Capital work in progress | 171 | 28 | 39 | 148 | 220 | 2 |
| Investments | 0 | 5 | 4 | 4 | 46 | 0 |
| Other assets | 498 | 467 | 496 | 530 | 460 | 451 |
| Total assets | 1,471 | 1,506 | 1,539 | 1,635 | 1,647 | 1,574 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 238 | 72 | 206 | 183 | 86 | 145 |
| Cash from investing | -136 | -139 | -94 | -59 | -111 | -108 |
| Cash from financing | -52 | 10 | -83 | -110 | -5 | -49 |
| Net cash flow | 50 | -58 | 29 | 13 | -30 | -12 |
| Free cash flow | 102 | -68 | 110 | 123 | -28 | 37 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 22 | 21 | 25 | 25 | 28 | 25 |
| Inventory days | 173 | 186 | 240 | 217 | 327 | 215 |
| Days payable | 121 | 103 | 144 | 110 | 200 | 91 |
| Cash conversion cycle | 74 | 104 | 121 | 132 | 156 | 148 |
| Working capital days | -8 | 11 | 10 | 11 | 7 | 12 |
| Return on capital employed | 26.0% | 16.0% | 11.0% | 16.0% | 8.0% | 15.0% |
| Dividend payout | 12.0% | 14.0% | 31.0% | 19.0% | 54.0% | 17.0% |
Ownership
Who owns it
Public hold 54.04% as of Sept 2026; institutions cut 0.03 pts since Jun 2026.
- Promoters 42.50%
- Foreign institutions 3.42%
- Domestic institutions 0.03%
- Government 0.01%
- Public 54.04%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.57% held
- newly disclosed 1.12% held
- newly disclosed 1.11% held
- +0.46 pp 1.15% held
- +0.30 pp 7.31% held
- +0.08 pp 1.47% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of NCL Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 7.31% | +0.30 pp | |
| 6.16% | unchanged | |
| 5.98% | unchanged | |
| 4.20% | unchanged | |
| 3.31% | unchanged | |
| 2.79% | unchanged | |
| 2.27% | unchanged | |
| 1.57% | newly disclosed | |
| 1.47% | +0.08 pp | |
| 1.38% | unchanged | |
| 1.28% | unchanged | |
| 1.15% | +0.46 pp |
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.
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