North Eastern Carrying Corporation share price & results
- Jun 2026
- Oct 2026
North India/North-East-focused surface logistics operator providing PTL/FTL freight, ODC & bulk cargo movement, warehousing/3PL and customs clearance across India, Nepal, Bhutan and Bangladesh.
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 | 75.6 | +9.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 5.9 | −1.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.0 | +12.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | −0.7 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | −0.0 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | +0.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −22.9% 1Y
1Y: ₹21.82 on 24 Oct 2025 → ₹16.83. High ₹22.56 (28 Oct 2025), low ₹10.77 (30 Mar 2026).
- Previous close
- ₹17.4
- Market cap
- ₹175 Cr
- 52-week range
- ₹10.77 – ₹22.56
- One year
- −21.65%
Overview
- Symbol
- NSE:NECCLTD
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What North Eastern Carrying Corporation Limited does
Based on the company's own presentations, annual report and earnings calls.
North Eastern Carrying Corporation is a surface logistics and transportation company specialising in part-truck-load (PTL) and full-truck-load (FTL) freight movement, over-dimensional cargo (ODC) and bulk movements such as iron ore and chrome ore, warehousing and 3PL, and customs clearance. It operates on a hub-and-spoke distribution model using owned and leased trucks - including GPS-tracked multi-axle container trucks and, more recently, Electric Commercial Vehicles (EV) - along with owned and leased warehouse space, earning revenue from freight and warehousing/3PL contracts with clients such as Tata Steel, Jindal Stainless, GAIL, Hindalco and Havells. Its core stronghold is PTL services in the North and North-East India (Seven Sister States) corridor, with cross-border operations extending into Nepal, Bhutan and Bangladesh (up to the border).
Segments
- PTL (Part Truck Load)
- FTL (Full Truck Load)
- ODC & Bulk Movements
- Warehousing & 3PL
- Customs clearance
- Branches/offices
- 230+ across India, Nepal and operational set-ups in border areas of Bhutan & Bangladesh (FY25)
- Truck fleet
- 150+ owned multi-axle container trucks, GPS-tracked
- Warehouse space
- 1.5-1.8 Mn sq ft, owned & leased, spread across ~250 major Indian cities
- Customer base
- ~2 lakh customers served
- Vendor network
- 5,000+ associated vendors
- Geographic footprint
- 28 states in India plus Nepal, Bhutan and Bangladesh (up to border)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2014 to Mar 2017).
Financials
What the filings say
Net profit, year on year: +13% (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 | 82 | 81 | 88 | 69 | 71 | 72 | 96 | 76 |
| Expenses | 75 | 76 | 86 | 64 | 68 | 65 | 94 | 71 |
| Operating profit | 7 | 5 | 2 | 5 | 3 | 7 | 2 | 4 |
| Operating margin | 8.0% | 6.5% | 2.8% | 7.7% | 4.0% | 9.2% | 2.2% | 5.9% |
| Other income | 0 | 0 | 0 | 0 | 3 | 1 | 2 | 2 |
| Interest | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 3 | 1 | 2 | 3 | 5 | 1 | 3 |
| Tax rate | 28.6% | 33.2% | −112.0% | 25.8% | 31.3% | 27.6% | 18.6% | 38.9% |
| Net profit | 3 | 2 | 2 | 2 | 2 | 3 | 1 | 2 |
| EPS (₹ per share) | 0.29 | 0.19 | 0.18 | 0.18 | 0.18 | 0.34 | 0.07 | 0.19 |
| Line item | Mar 2016 | Mar 2017 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 538 | 548 | 306 | 335 | 329 | 308 |
| Expenses | 519 | 529 | 286 | 314 | 307 | 291 |
| Operating profit | 19 | 19 | 20 | 21 | 22 | 17 |
| Other income | 1 | 1 | 0 | 2 | 1 | 6 |
| Interest | 9 | 8 | 8 | 9 | 7 | 9 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 9 | 9 | 9 | 10 | 13 | 11 |
| Net profit | 6 | 6 | 6 | 8 | 10 | 8 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 50 | 50 | 95 | 100 | 100 | 100 |
| Reserves | 49 | 55 | 99 | 119 | 123 | 127 |
| Borrowings | 101 | 119 | 103 | 106 | 124 | 124 |
| Other liabilities | 18 | 20 | 20 | 20 | 18 | 21 |
| Total liabilities | 218 | 243 | 317 | 345 | 364 | 372 |
| Fixed assets | 13 | 14 | 13 | 8 | 19 | 24 |
| Capital work in progress | 0 | 0 | 0 | 4 | 2 | 0 |
| Investments | 0 | 0 | 5 | 5 | 9 | 9 |
| Other assets | 205 | 230 | 299 | 327 | 334 | 340 |
| Total assets | 218 | 243 | 317 | 345 | 364 | 372 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -11 | -10 | -14 | -46 | -21 | -9 |
| Cash from investing | 0 | -2 | -3 | -6 | -2 | -16 |
| Cash from financing | 10 | 15 | 18 | 65 | 17 | 19 |
| Net cash flow | 0 | 2 | 0 | 13 | -6 | -6 |
| Free cash flow | -11 | -13 | -18 | -48 | -23 | -21 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 165 | 154 | 138 | 131 | 138 | 154 |
| Cash conversion cycle | 165 | 154 | 138 | 131 | 138 | 154 |
| Working capital days | 116 | 116 | 119 | 178 | 209 | 235 |
| Return on capital employed | 5.0% | 6.0% | 8.0% | 7.0% | 7.0% | 5.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹17, this stock must grow earnings at 67% every year for 7 years. Our analysis caps realistic growth at ~-27%. At that growth it is worth ₹0 — downside of 99%.
- Growth the price implies
- 67.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -26.1% a year
- net profit, FY23–FY26 · EPS -27.2%
- The gap
- 0.9 pp
- -99% downside if it only repeats history
Ownership
Who owns it
Promoters hold 55.20% as of Oct 2026.
- Promoters 55.20%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 44.79%
Who is on the register
Named in the Oct 2026 filing
Every holder of North Eastern Carrying Corporation Limited above SEBI's 1% disclosure line, and what changed since Sep 2026.
| Holder | Stake | Change |
|---|---|---|
| 15.15% | unchanged | |
| 12.96% | unchanged | |
| 9.13% | unchanged | |
| 8.09% | unchanged | |
| 6.91% | unchanged | |
| 5.78% | unchanged | |
| 2.97% | unchanged | |
| 2.12% | unchanged | |
| 2.02% | unchanged | |
| 1.68% | unchanged | |
| 1.39% | unchanged | |
| 1.27% | 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.
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