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NCL Industries (NCLIND)₹170.40+0.36%Cement & Cement Products
In the Jun 2026 quarter (consolidated), NCL Industries reported sales of ₹344 Cr, up 2.8% from Jun 2025, and net profit of ₹16.97 Cr, down 15.0% year on year. For the year to Mar 2026, sales were ₹1,420 Cr and net profit ₹94.91 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 391 | 505 | 419 | 355 | 330 | 341 | 375 | 335 | 345 | 343 | 399 | 344 |
| Expenses | 351 | 447 | 369 | 318 | 296 | 321 | 351 | 282 | 295 | 306 | 348 | 303 |
| Operating Profit | 39.07 | 57.13 | 48.04 | 36.07 | 34.08 | 19.03 | 24.04 | 52.10 | 49.11 | 37.04 | 51.06 | 40.06 |
| OPM % | 10.0% | 11.0% | 11.0% | 10.0% | 10.0% | 6.0% | 6.0% | 15.0% | 14.0% | 11.0% | 13.0% | 11.9% |
| Other Income | 4.01 | 3.01 | 7.02 | 4.01 | −7.01 | 5.01 | 6.01 | 3.01 | −2.01 | 7.02 | −12.02 | 4.01 |
| Interest | 6.97 | 5.98 | 4.98 | 5.98 | 4.98 | 4.98 | 4.98 | 4.98 | 3.99 | 4.98 | 4.98 | 5.98 |
| Depreciation | 13.96 | 12.97 | 15.96 | 12.96 | 14.97 | 13.96 | 13.98 | 12.98 | 12.97 | 14.95 | 14.97 | 14.95 |
| Profit before tax | 22.93 | 40.85 | 33.91 | 20.92 | 6.98 | 4.99 | 10.96 | 36.87 | 28.89 | 23.93 | 18.95 | 23.92 |
| Tax % | 39.9% | 39.9% | 28.9% | 39.9% | 63.0% | 43.9% | 35.9% | 44.9% | 31.9% | 43.9% | −122.1% | 25.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −5.77 | 0.00 | −2.70 | −1.56 | −6.68 | −0.89 | −24.14 | 0.00 |
| Net Profit | 13.98 | 24.96 | 23.99 | 12.99 | 2.99 | 2.99 | 6.99 | 19.97 | 19.98 | 12.99 | 41.96 | 16.97 |
| EPS (Rs) | 3.03 | 5.48 | 5.31 | 2.83 | 0.56 | 0.67 | 1.54 | 4.49 | 4.41 | 2.94 | 9.29 | 3.85 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 980 | 937 | 1,747 | 2,046 | 2,042 | 2,104 | 1,799 | 1,420 | 1,431 |
| Expenses | 841 | 796 | 1,463 | 1,834 | 1,893 | 1,893 | 1,683 | 1,229 | 1,252 |
| Operating Profit | 137 | 140 | 284 | 207 | 149 | 208 | 112 | 190 | 177 |
| OPM % | 14.0% | 14.9% | 16.0% | 10.0% | 7.0% | 10.0% | 6.0% | 13.0% | 12.4% |
| Other Income | 6.01 | 3.01 | 8.01 | 11.03 | 19.04 | 19.05 | 11.02 | −7.01 | −3.00 |
| Interest | 36.87 | 31.86 | 21.90 | 24.90 | 26.89 | 23.90 | 22.91 | 18.91 | 19.93 |
| Depreciation | 44.90 | 41.92 | 43.90 | 46.90 | 48.90 | 55.88 | 56.90 | 54.90 | 57.84 |
| Profit before tax | 60.82 | 68.76 | 224 | 146 | 90.69 | 147 | 42.83 | 109 | 95.69 |
| Tax % | 22.9% | 26.9% | 34.9% | 34.9% | 50.9% | 35.9% | 40.9% | 11.9% | — |
| Exceptional items | 1.01 | 0.00 | 1.01 | 1.01 | 0.00 | 2.01 | −4.01 | −36.04 | −31.71 |
| Net Profit | 46.97 | 50.96 | 145 | 93.95 | 43.95 | 92.95 | 24.99 | 94.91 | 91.90 |
| EPS (Rs) | 10.37 | 11.26 | 32.20 | 20.89 | 9.80 | 20.64 | 5.58 | 21.10 | 20.49 |
| Dividend payout % | 24.0% | 22.1% | 12.0% | 14.0% | 31.0% | 19.0% | 0.0% | 17.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44.99 | 44.95 | 44.97 | 44.96 | 44.96 | 45.04 | 45.01 | 45.06 |
| Reserves | 452 | 481 | 617 | 694 | 723 | 801 | 810 | 892 |
| Borrowings | 337 | 347 | 320 | 404 | 292 | 219 | 253 | 240 |
| Other Liabilities | 259 | 277 | 313 | 324 | 442 | 470 | 521 | 393 |
| Total Liabilities | 1,093 | 1,150 | 1,296 | 1,468 | 1,502 | 1,535 | 1,630 | 1,570 |
| Fixed Assets | 656 | 693 | 818 | 799 | 1,003 | 997 | 950 | 1,118 |
| CWIP | 89.99 | 90.02 | 61.01 | 171 | 28.01 | 38.99 | 148 | 1.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 5.01 | 4.01 | 4.01 | 0.00 |
| Other Assets | 346 | 367 | 418 | 497 | 466 | 495 | 529 | 450 |
| Inventories | 84.98 | 110 | 105 | 129 | 150 | 177 | 248 | 148 |
| Trade receivables | 151 | 143 | 104 | 118 | 142 | 143 | 136 | 118 |
| Cash & equivalents | 22.04 | 19.04 | 68.19 | 11.02 | 40.07 | 54.13 | 22.03 | 10.02 |
| Total Assets | 1,093 | 1,150 | 1,296 | 1,468 | 1,502 | 1,535 | 1,630 | 1,570 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 70.78 | 106 | 237 | 71.74 | 205 | 183 | 85.74 | 145 |
| Cash from investing activity | −68.76 | −77.78 | −136 | −138 | −93.71 | −58.81 | −111 | −108 |
| Cash from financing activity | 4.01 | −31.01 | −52.02 | 9.99 | −82.97 | −110 | −4.99 | −48.98 |
| Net cash flow | 5.98 | −3.99 | 49.91 | −57.90 | 28.96 | 12.97 | −29.93 | −11.97 |
| Capex | 68.96 | 78.96 | 145 | 140 | 103 | 61.88 | 118 | 110 |
| Free cash flow | 2.01 | 27.10 | 102 | −68.21 | 110 | 123 | −28.08 | 37.14 |
| CFO / OP % | 63.9% | 89.0% | 107.9% | 56.9% | 167.0% | 103.9% | 86.0% | 97.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 55 | 55 | 21 | 20 | 24 | 24 | 27 | 29 |
| Inventory days | 214 | 327 | 173 | 186 | 240 | 217 | 290 | 177 |
| Days payable | 184 | 197 | 121 | 103 | 144 | 110 | 177 | 75 |
| Cash conversion cycle | 86 | 185 | 73 | 103 | 120 | 131 | 140 | 131 |
| Working capital days | −5 | −17 | −9 | 10 | 9 | 10 | 6 | 14 |
| ROCE % | — | 12.1% | 26.1% | 16.1% | 11.1% | 16.0% | 7.0% | 14.1% |
For the Jun 2026 quarter, NCL Industries reported sales of ₹344 Cr, up 2.8% year on year and net profit of ₹16.97 Cr, down 15.0% year on year. The operating margin was 11.9%.
NCL Industries' sales for the year to Mar 2026 were ₹1,420 Cr; over the last twelve months they were ₹1,431 Cr.
Net profit for the year to Mar 2026 was ₹94.91 Cr, and ₹91.90 Cr over the last twelve months. Earnings per share over the same trailing period were ₹20.49.
NCL Industries reported borrowings of ₹240 Cr at Mar 2026, against cash and equivalents of ₹10.02 Cr.
Cash from operations was ₹145 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹37.14 Cr.