About
NCL Industries Limited manufactures and sells building materials in India. It operates through five segments: Cement; Boards; Hydel Power; Ready Mix Concrete; and Readymade Doors. The company offers cement, including ordinary Portland, pozzolana Portland, and special cements for small housing, megastructures, and irrigation projects applications under the Nagarjuna brand. It also provides ready mixed concrete under the Nagarjuna RMC brand; cement bonded particleboards under the Bison Panel brand; and readymade doors under the NCLdoor brand. In addition, the company operates two mini-hydel power projects with a total installed capacity of 15.75 MW. The company was formerly known as Nagarjuna Cements Limited and changed its name to NCL Industries Limited in 1987. NCL Industries Limited was incorporated in 1979 and is based in Secunderabad, India.
Key Metrics
as of Sep 2026Market Cap803 Cr
P/E6.47
Div Yield1.97 %
Book Value₹208.00
52w High₹218.00
52w Low₹148.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 344.00 | 400.00 | 343.00 | 345.00 | 335.00 | 375.00 | 341.00 | 330.00 | 355.00 | 419.00 | 505.00 | 391.00 | 441.00 |
| Expenses | 304.00 | 349.00 | 306.00 | 296.00 | 283.00 | 352.00 | 322.00 | 297.00 | 319.00 | 370.00 | 448.00 | 352.00 | 378.00 |
| Operating Profit | 40.00 | 51.00 | 37.00 | 49.00 | 52.00 | 24.00 | 19.00 | 34.00 | 36.00 | 48.00 | 57.00 | 39.00 | 63.00 |
| OPM % | 12.00 | 13.00 | 11.00 | 14.00 | 15.00 | 6.00 | 6.00 | 10.00 | 10.00 | 11.00 | 11.00 | 10.00 | 14.00 |
| Other Income | 4.00 | -12.00 | 7.00 | -2.00 | 3.00 | 6.00 | 5.00 | -7.00 | 4.00 | 7.00 | 3.00 | 4.00 | 5.00 |
| Depreciation | 15.00 | 15.00 | 15.00 | 13.00 | 13.00 | 14.00 | 14.00 | 15.00 | 13.00 | 16.00 | 13.00 | 14.00 | 13.00 |
| Interest | 6.00 | 5.00 | 5.00 | 4.00 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 5.00 | 6.00 | 7.00 | 5.00 |
| Profit before tax | 24.00 | 19.00 | 24.00 | 29.00 | 37.00 | 11.00 | 5.00 | 7.00 | 21.00 | 34.00 | 41.00 | 23.00 | 49.00 |
| Tax % | 26.00 | -122.00 | 44.00 | 32.00 | 45.00 | 36.00 | 44.00 | 63.00 | 40.00 | 29.00 | 40.00 | 40.00 | 37.00 |
| Net Profit | 17.00 | 42.00 | 13.00 | 20.00 | 20.00 | 7.00 | 3.00 | 3.00 | 13.00 | 24.00 | 25.00 | 14.00 | 31.00 |
| EPS in Rs | 3.84 | 9.28 | 2.93 | 4.40 | 4.48 | 1.53 | 0.66 | 0.55 | 2.82 | 5.30 | 5.47 | 3.02 | 6.82 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,747.00 | 1,742.00 | 2,104.00 | 2,044.00 | 2,046.00 | 1,749.00 | 938.00 | 980.00 |
| Expenses | 1,556.00 | 1,620.00 | 1,896.00 | 1,896.00 | 1,839.00 | 1,466.00 | 797.00 | 843.00 |
| Operating Profit | 192.00 | 122.00 | 208.00 | 149.00 | 207.00 | 283.00 | 140.00 | 137.00 |
| OPM % | 11.00 | 7.00 | 10.00 | 7.00 | 10.00 | 16.00 | 15.00 | 14.00 |
| Other Income | -7.00 | 2.00 | 19.00 | 19.00 | 11.00 | 8.00 | 3.00 | 6.00 |
| Interest | 21.00 | 22.00 | 24.00 | 27.00 | 25.00 | 22.00 | 32.00 | 37.00 |
| Depreciation | 55.00 | 54.00 | 56.00 | 49.00 | 47.00 | 44.00 | 42.00 | 45.00 |
| Profit before tax | 109.00 | 48.00 | 147.00 | 91.00 | 146.00 | 225.00 | 69.00 | 61.00 |
| Tax % | 12.00 | 47.00 | 36.00 | 51.00 | 35.00 | 35.00 | 27.00 | 23.00 |
| Net Profit | 95.00 | 25.00 | 93.00 | 44.00 | 94.00 | 145.00 | 51.00 | 47.00 |
| EPS in Rs | 21.09 | 5.57 | 20.61 | 9.79 | 20.86 | 32.16 | 11.24 | 10.36 |
| Dividend Payout % | 17.00 | 54.00 | 19.00 | 31.00 | 14.00 | 12.00 | 22.00 | 24.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 | 45.00 |
| Reserves | 895.00 | 813.00 | 804.00 | 725.00 | 696.00 | 619.00 | 483.00 | 454.00 |
| Borrowings | 239.00 | 252.00 | 218.00 | 292.00 | 404.00 | 320.00 | 347.00 | 336.00 |
| Other Liabilities | 395.00 | 524.00 | 472.00 | 444.00 | 326.00 | 314.00 | 278.00 | 260.00 |
| Total Liabilities | 1,574.00 | 1,635.00 | 1,539.00 | 1,506.00 | 1,471.00 | 1,299.00 | 1,153.00 | 1,095.00 |
| Fixed Assets | 1,121.00 | 953.00 | 1,000.00 | 1,006.00 | 802.00 | 820.00 | 695.00 | 658.00 |
| CWIP | 2.00 | 148.00 | 39.00 | 28.00 | 171.00 | 61.00 | 90.00 | 90.00 |
| Investments | 0.00 | 4.00 | 4.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 451.00 | 530.00 | 496.00 | 467.00 | 498.00 | 419.00 | 368.00 | 346.00 |
| Total Assets | 1,574.00 | 1,635.00 | 1,539.00 | 1,506.00 | 1,471.00 | 1,299.00 | 1,153.00 | 1,095.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 145.00 | 86.00 | 183.00 | 206.00 | 72.00 | 238.00 | 106.00 | 71.00 |
| Cash from Investing Activity | -108.00 | -111.00 | -59.00 | -94.00 | -139.00 | -136.00 | -78.00 | -69.00 |
| Cash from Financing Activity | -49.00 | -5.00 | -110.00 | -83.00 | 10.00 | -52.00 | -31.00 | 4.00 |
| Net Cash Flow | -12.00 | -30.00 | 13.00 | 29.00 | -58.00 | 50.00 | -4.00 | 6.00 |
| Free Cash Flow | 37.00 | -28.00 | 123.00 | 110.00 | -68.00 | 102.00 | 27.00 | 2.00 |
| CFO/OP % | 96.00 | 79.00 | 104.00 | 167.00 | 57.00 | 108.00 | 89.00 | 64.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25.00 | 28.00 | 25.00 | 25.00 | 21.00 | 22.00 | 56.00 | 56.00 |
| Inventory Days | 215.00 | 327.00 | 217.00 | 240.00 | 186.00 | 173.00 | 327.00 | 214.00 |
| Days Payable | 91.00 | 200.00 | 110.00 | 144.00 | 103.00 | 121.00 | 197.00 | 184.00 |
| Cash Conversion Cycle | 148.00 | 156.00 | 132.00 | 121.00 | 104.00 | 74.00 | 186.00 | 87.00 |
| Working Capital Days | 12.00 | 7.00 | 11.00 | 10.00 | 11.00 | -8.00 | -16.00 | -4.00 |
| ROCE % | 15.00 | 8.00 | 16.00 | 11.00 | 16.00 | 26.00 | 12.00 | — |
Corporate Actions
32 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 20 Feb 2026 | 21 Feb 2026 | — | 1.50 | |
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 2.00 | |
| Dividend | 18 Feb 2025 | 18 Feb 2025 | — | 1.00 | |
| Dividend | 13 Sep 2024 | — | — | 2.50 | |
| Dividend | 21 Feb 2024 | 21 Feb 2024 | — | 1.50 | |
| Dividend | 15 Sep 2023 | — | — | 1.50 | |
| Dividend | 23 Feb 2023 | 23 Feb 2023 | — | 1.50 | |
| Dividend | 19 Sep 2022 | — | — | 1.50 | |
| Dividend | 22 Feb 2022 | 23 Feb 2022 | — | 1.50 | |
| Dividend | 17 Sep 2021 | — | — | 1.00 | |
| Dividend | 12 May 2021 | 14 May 2021 | — | 1.50 | |
| Dividend | 19 Nov 2020 | 20 Nov 2020 | — | 1.50 | |
| Dividend | 17 Sep 2020 | — | — | 1.00 | |
| Dividend | 19 Mar 2020 | 20 Mar 2020 | — | 1.50 | |
| Dividend | 19 Sep 2019 | — | — | 2.50 | |
| Dividend | 17 Sep 2018 | — | — | 1.50 | |
| Dividend | 21 Feb 2018 | 22 Feb 2018 | — | 1.00 | |
| Dividend | 14 Sep 2017 | — | — | 1.50 | |
| Dividend | 22 Feb 2017 | 23 Feb 2017 | — | 1.00 | |
| Dividend | 09 Sep 2016 | — | — | 1.00 | |
| Dividend | 09 Feb 2016 | 10 Feb 2016 | — | 1.00 | |
| Other | 21 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2013 | — | — | — | Annual General Meeting |
| Dividend | 05 Sep 2012 | — | — | 2.00 | |
| Dividend | 21 Sep 2011 | — | — | 1.50 | |
| Dividend | 21 Sep 2010 | — | — | 1.00 | |
| Dividend | 17 Sep 2009 | — | — | 2.50 | |
| Dividend | 18 Sep 2008 | — | — | 2.50 | |
| Dividend | 17 Sep 2007 | — | — | 2.00 | |
| Other | 27 Feb 2006 | 06 Mar 2006 | — | — | Right Issue of Equity Shares |
| Dividend | 05 Jul 2001 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Jun from crisil
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Rating update9 Feb from care
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Rating update26 Jun 2025 from crisil
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Rating update15 Nov 2024 from care
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Rating update29 Jun 2024 from crisil
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Rating update23 Aug 2023 from care