Name: Latest research reports of NCL Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: NCL Industries Ltd.
Rating: 3
Author: ICICI Securities Limited

NCL Industries Ltd.

NSE: NCLIND | BSE: 502168 | ISIN: INE732C01016 | Industry: Cement & Cement Products
| Strong Performer, Under Radar

193.1700 3.13 (1.65%)

NSE Apr 03, 2025 15:31 PM

25.70% Fall from 52W High

Volume: 38,946

NCL Industries Ltd.

14 Feb 2020

193.17

1.65%

NCL Industries Ltd

Hold: NCL Industries Ltd.

Recommendation Target

ICICI Securities Limited

Weak demand drags topline but profitability improves NCL operates in South India (80% cement business comes from AP & Telangana). It has clinker and grinding capacity of 2.6 MT and 2.7 MT, respectively, cement bonded particles boards (capacity of 90000 TPA), hydro power plants with total capacity of 15.75 MW and recently set up a plant to manufacture premium doors with a capacity of 1000 doors/day. While the subdued environment in its major markets is expected to keep growth for FY20E in the negative territory, demand is expected to revive...

NCL Industries Ltd. is trading below its 50 day SMA of 195.4