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    North Eastern Carrying Corporation Limited

    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.

    Services
    Services

    Overview

    Price

    Market Cap

    ₹159 Cr

    Sector

    Services

    Services

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital5050505095100100100
    Reserves4345495599119123127
    Borrowings7686101119103106124124
    Other Liabilities3016182020201821
    Total Liabilities199196218243317345364372
    AssetsFixed Assets171413141381924
    CWIP00000420
    Investments00005599
    Other Assets183183205230299327334340
    Total Assets199196218243317345364372

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-13-4-11-10-14-46-21-9
    Cash from Investing-400-2-3-6-2-16
    Cash from Financing194101518651719
    SummaryCapital Expenditure
    Free Cash Flow-17-4-11-13-18-48-23-21
    FCF Margin

    Valuation

    Assumptions

    Current — NECCLTD
    Price
    ₹16
    EPS (TTM)
    ₹0.22
    PE (TTM)
    70.7
    Profit growth
    -27.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (30.1×) and current (70.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹16
    vs
    Fair value · 15% return
    ₹0
    97%Overvalued

    At -27.3% growth and a 30× exit, ₹16 only delivers your return if you pay ₹0. The price is currently baking in 37% growth.

    EPS grows -27.3%/yr for 5 years, then fades to 6% over 2, exits at 30×.

    YearGrowthEPS (₹)
    FY27-27.3%0.16
    FY28-27.3%0.12
    FY29-27.3%0.08
    FY30-27.3%0.06
    FY31-27.3%0.04
    FY32-10.7% ·fade0.04
    FY336.0% ·fade0.04

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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