| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 344 | 338 | +1.5% |
| EBITDA | 39.6 | 50.7 | −21.8% |
| EBITDA margin | 11.5% | 15.0% | −3.4 pts |
| Profit before tax | 23.5 | 36.1 | −34.9% |
| Net profit | 17.4 | 20.3 | −14.3% |
| EPS | ₹3.84 | ₹4.48 | −14.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 728 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3.3 | 3.3 | 14.9 | 44.6 | 31.2 | ||
| 237 | 237 | 249 | 218 | 292 | ||
| 962 | — | — | — | — | ||
| 1,431 | 1,422 | 1,411 | 1,871 | 1,610 | ||
| — | +0.8% | −24.6% | +16.3% | — | ||
| 176 | 190 | 109 | 207 | 148 | ||
| 12.3% | 13.4% | 7.7% | 11.1% | 9.2% | ||
| 117 | 135 | 52.6 | 151 | 98.6 | ||
| 92.5 | 95.4 | 25.2 | 93.1 | 44.3 | ||
| 6.5% | 6.7% | 1.8% | 5.0% | 2.8% | ||
| ₹20.45 | ₹21.09 | ₹5.57 | ₹20.59 | ₹9.79 | ||
| — | +278.6% | −72.9% | +110.3% | — | ||
| — | 145 | 86.2 | 183 | 182 | ||
| — | −110 | −118 | −61.9 | −103 | ||
| 35.2 | 35.2 | −31.7 | 121 | 78.8 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 728.4 | |
| - Cash, Equiv & ST Investments | 31.2 | 44.6 | 14.9 | 3.3 | 3.3 | |
| + Total Debt | 292.3 | 218.0 | 248.9 | 236.6 | 236.6 | |
| Enterprise Value | — | — | — | — | 961.7 | |
| Revenue | 1,609.7 | 1,871.4 | 1,410.8 | 1,422.1 | 1,431.3 | |
| Growth %, YoY | — | +16.3 | -24.6 | +0.8 | — | |
| EBITDA | 147.8 | 206.7 | 109.2 | 190.0 | 176.0 | |
| Margin % | 9.18 | 11.05 | 7.74 | 13.36 | 12.29 | |
| EBIT | 98.6 | 150.6 | 52.6 | 134.5 | 117.2 | |
| Net Income | 44.3 | 93.1 | 25.2 | 95.4 | 92.5 | |
| Margin % | 2.75 | 4.98 | 1.79 | 6.71 | 6.46 | |
| EPS, Adj (current shares) | 9.79 | 20.59 | 5.57 | 21.09 | 20.45 | |
| Growth %, YoY | — | +110.3 | -72.9 | +278.6 | — | |
| Cash from Operations | 181.9 | 182.8 | 86.2 | 145.0 | — | |
| Capital Expenditures | -103.1 | -61.9 | -117.8 | -109.8 | — | |
| Free Cash Flow | 78.8 | 120.9 | -31.7 | 35.2 | 35.2 | |
Prices at the previous close · figures from the company's filings with NSE
NCL Industries (NSE: NCLIND) had a market capitalisation of ₹728 crore at the previous close (₹161.04 a share), a PE ratio of 7.9 on the last four quarters' profit and a price-to-book ratio of 0.77. In FY26 its consolidated net profit was ₹95.4 crore on revenue of ₹1,422 crore; in Q1 FY27 (April–June 2026) it was ₹17.4 crore, down 14.3% year on year. Its debt-to-equity ratio was 0.25 on 31 March 2026. Promoters held 42.49% of the shares on 30 September 2026.
NCL Industries' PE ratio is 7.9 at the previous close (₹161.04 a share): a market capitalisation of ₹728 crore divided by consolidated net profit of ₹92.5 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹95.4 crore) it is 7.6.
NCL Industries' debt-to-equity ratio was 0.25 on 31 March 2026: borrowings of ₹237 crore against total equity of ₹940 crore. A year earlier, on 31 March 2025, it was 0.29.
NCL Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹940 crore on 31 March 2026, up 9.5% from ₹858 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹728 crore at the previous close.
NCL Industries' price-to-book (PB) ratio is 0.77 at the previous close: a market capitalisation of ₹728 crore divided by shareholders' equity (book value) of ₹940 crore on 31 March 2026. That is a book value of ₹207.86 per share against a share price of ₹161.04.
In FY26, NCL Industries' return on equity (ROE) was 10.6% and its return on capital employed (ROCE) was 10.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.0% and ROCE 4.3%.
NCL Industries' book value per share was ₹207.86 on 31 March 2026: shareholders' equity of ₹940 crore divided by the 4.52 crore shares in issue, up 9.5% from ₹189.74 a year earlier. The share price at the previous close was ₹161.04.
NCL Industries' market capitalisation was ₹728 crore at the previous close: 4.52 crore shares at ₹161.04 each.
No. NCL Industries had borrowings of ₹237 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.25. Its cash and current investments were ₹10.1 crore, so its net debt was ₹226 crore.
NCL Industries' basic earnings per share (EPS) were ₹21.62 in FY26, against ₹5.52 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹20.98.
NCL Industries' dividend yield is 2.17% at the previous close: dividends of ₹3.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹161.04. They were ₹2 on 11 September 2026 and ₹1.50 on 20 February 2026 (interim).
In 2026, NCL Industries has declared two dividends totalling ₹3.50 a share: ₹1.50 (interim) with record date 21 February 2026 and ex-date 20 February 2026 and ₹2 with record date 11 September 2026.
Promoters held 42.49% of NCL Industries on 30 September 2026, up 0.82 percentage points from 41.67% the previous quarter and up 1.57 percentage points from 40.92% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, NCL Industries' shares were held by promoters 42.49%, foreign portfolio investors (FII/FPI) 3.42%, domestic institutions (DII) 0.03% (including mutual funds at 0.01%) and retail and other non-institutional investors 54.05%. Over the year, FII holding was down 1.03 percentage points from 4.45% and DII holding was down 0.05 percentage points from 0.08%.
NCL Industries' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit ₹17.4 crore, down 14.3% from ₹20.3 crore in Q1 FY26; revenue from operations ₹344 crore, up 1.5% year on year.
On FY26 consolidated figures, against Deccan Cements, Visaka Industries and Saurashtra Cement: NCL Industries' operating margin of 9.5% is the highest of the four (Deccan Cements 6.5%, Visaka Industries 4.4%, Saurashtra Cement 0.5%; peer average 3.8%); its return on equity of 10.6% is the second highest of the four (Deccan Cements 3.9%, Visaka Industries 10.9%, Saurashtra Cement 1.5%; peer average 5.4%).
In FY26, NCL Industries generated ₹145 crore of cash from operations and spent ₹110 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹35.2 crore. In FY25 it was −₹31.7 crore.
In FY26 (April 2025–March 2026), NCL Industries' consolidated net profit was ₹95.4 crore, up 278.6% from ₹25.2 crore in FY25, on revenue from operations of ₹1,422 crore (up 0.8%). Over three years, from FY23, net profit was up 115.4%.
NCL Industries has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26, NCL Industries earned net profit of ₹95.4 crore on revenue of ₹1,422 crore, against ₹28.6 crore on ₹636 crore for Deccan Cements. NCL Industries' operating margin was 9.5% (Deccan Cements 6.5%) and its return on equity 10.6% (Deccan Cements 3.9%).
From NCL Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.