NSE: NCLIND | BSE: 502168

Strong Performer, Under Radar

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215.93 0.70 (0.33%)

52W Low on Apr 07, 2025

103.2K NSE+BSE Volume

NSE 05 May, 2025 3:31 PM (IST)

976.7

Market Cap

Below industry Median

0.9

Beta 1Year

Low volatility

NCL Industries Ltd. share price target and research reports

Name: Latest research reports of NCL Industries Ltd. authored by Anand Rathi and published by - Trendlyne research reports.
Item: NCL Industries Ltd.
Rating: 5
Author: Anand Rathi

Latest analyst research reports with target prices and PDF download for NCLIND, BSE:502168 NCL Industries Ltd.

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NCL Industries Ltd.

06 Jun 2022

215.93

0.33%

NCL Industries

Buy: NCL Industries Ltd.

Target

Anand Rathi

Promoters unpledged 0.37% of shares in last quarter. Total pledge stands at 17.93% of promoter holdings

NCL Industries Ltd.

04 Apr 2022, 12:00AM

215.93

0.33%

NCL Industries

Buy: NCL Industries Ltd.

Anand Rathi

Promoters unpledged 0.37% of shares in last quarter. Total pledge stands at 17.93% of promoter holdings

NCL Industries Ltd.

01 Jul 2021

215.93

0.33%

NCL Industries Ltd

Hold: NCL Industries Ltd.

Target

ICICI Securities Limited

NCL's cement division has room for additional grinding capacity considering the installed clinker capacity. The board plans to set up a 2000-3000 TPD grinding capacity plant in Vizag. The total capex is estimated at | 300 crore of which | 200 crore is likely to be incurred in FY22E. With current total debt being over | 400 crore, we expect debt levels to increase further in FY22E. Further, expansion in the same region (AP, Telangana), which has excessive...

NCL Industries Ltd. is trading above all available SMAs

NCL Industries Ltd.

14 Feb 2020

215.93

0.33%

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...

Promoters unpledged 0.37% of shares in last quarter. Total pledge stands at 17.93% of promoter holdings

NCL Industries Ltd.

06 Jul 2018

215.93

0.33%

NCL Industries Ltd

Buy: NCL Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Andhra Pradesh and Telangana region (accounts for 80% of NCL's sales) have been facing headwinds in terms of pricing. Our channel checks suggest prices in the southern region have fallen 7.3% YoY. In addition, although retail demand is improving, bulk of the demand is coming from infra led spending that is expected to keep prices under pressure. Further, we believe that recent capacity addition by the company will lead to volume push at the cost of pricing. This, coupled with higher input cost, led by an increase in pet...

NCL Industries Ltd. is trading above all available SMAs

NCL Industries Ltd.

17 Jan 2018

215.93

0.33%

NCL INDUSTRIES LTD

Buy: NCL Industries Ltd.

Ventura

We are positive on the company given that:-

Promoters unpledged 0.37% of shares in last quarter. Total pledge stands at 17.93% of promoter holdings

NCL Industries Ltd.

13 Dec 2017

215.93

0.33%

NCL Industries Ltd

Buy: NCL Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NCL Industries has raised | 201.8 crore via qualified institutional placement by issuing 85 lakh shares at a price of | 237.5 per share. The proceeds of the issue will be primarily used for pre-payment of debt and acquisition of additional limestone mines. The current debt of the company is roughly at | 304.2 crore. The proceeds from the QIP will help the company reduce its debt significantly. We expect debt to reduce by ~| 225 crore leading to a D/E of 0.1x in FY19E. Apart from strengthening the balance sheet, it will also...

Promoters unpledged 0.37% of shares in last quarter. Total pledge stands at 17.93% of promoter holdings

NCL Industries Ltd.

17 Aug 2017

215.93

0.33%

NCL Industries Ltd

Buy: NCL Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NCL Industries (NCL) reported a healthy set of Q1FY18 numbers. Revenues increased 17.9% YoY to | 196.6 crore mainly led by 19.7% YoY increase in cement revenues. We believe the increase in cement revenue was mainly due to price improvements in NCL's key markets EBITDA during the quarter increased 59.3% YoY to | 38.5 crore. On the margin front, EBITDA margins increased 509 bps YoY to 19.6% in Q1FY18 mainly led by a decline in freight cost (down 12.2% YoY)...