NCL Industries Limited

BSE: NCLIND502168ISIN INE732C01016

Commodities
Cement & Cement Products
BSE Commodities

BSE listing

Share price

₹174.00+1.75 (+1.02%)

as of 18 Sep 2026

52W high: ₹213.85
52W low: ₹147.65
Off 52W high: -18.63%
1M return: +0.64%
3M return: -9.61%
6M return: +2.35%
1Y return: -18.25%
20D avg volume: 3,482
50 DMA: ₹178.43
200 DMA: ₹183.57

Key ratios Consolidated

Market cap: ₹787.05 Cr
Current price: ₹174.00
52W high / low: ₹213.85 / ₹147.65
Face value: ₹10.00
P/E: 8.51
P/B: —
EPS (TTM): ₹20.45
Book value / share: —
ROE: —
ROCE: 12.30%
Operating margin: —
Net margin: —
Debt / equity: 0.25
Net debt: ₹233.26 Cr
Interest cover: 8.21
Dividend yield: 2.01%
Dividend / share (TTM): ₹3.50
Payout: 17.11%
Cash conversion cycle: 52.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	343.67	399.63	342.99	345.05	338.47	382.86	—
	4.13	11.91	7.64	7.66	4.37	9.04	—
	324.28	368.54	327.28	313.80	306.74	382.45	—
	72.52	77.41	104.64	96.57	105.79	129.59	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	18.60	17.15	18.88	18.18	18.56	19.18	—
	5.51	4.57	5.25	4.47	5.49	4.76	—
	14.71	15.37	15.20	13.44	13.46	15.08	—
	210.76	233.32	186.31	180.73	174.45	205.50	—
	23.52	43.01	23.35	38.90	36.10	9.45	—
	0.00	0.00	0.00	-9.77	0.00	0.00	—
	23.52	43.01	23.35	29.13	36.10	9.45	—
	6.13	-23.08	10.11	9.24	15.82	2.51	—
	17.38	41.98	13.24	19.90	20.27	6.93	—
	3.84	9.81	2.93	4.40	4.48	1.48	—
Key metrics
	43.74	62.95	43.80	47.04	55.05	29.29	—
	12.70%	15.80%	12.80%	13.60%	16.30%	7.70%	—
	5.10%	10.50%	3.90%	5.80%	6.00%	1.80%	—
	—	3.70%	—	2.70%	—	1.20%	—
	1.50%	4.40%	—	—	—	—	—
	-14.30%	505.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,431	1,422	1,411	—
	31.34	31.57	21.17	—
	1,334	1,307	1,379	—
	351.14	298.65	495.73	—
	0.00	0.00	0.00	—
	72.81	71.24	75.51	—
	19.80	19.04	20.89	—
	58.72	55.49	56.64	—
	811.12	854.89	730.28	—
	128.78	147.04	52.86	—
	-9.77	-9.77	-10.06	—
	119.01	137.26	42.80	—
	2.40	13.51	17.60	—
	92.50	95.39	25.20	—
	20.98	21.62	5.52	—
Key metrics
	197.53	211.79	120.33	—
	13.80%	14.90%	8.50%	—
	6.46%	6.70%	1.80%	—
	—	12.30%	5.20%	—
	—	0.80%	—	—
	—	278.50%	—	—
	—	35.16	-31.65	—
	—	1.52	3.42	—
	—	0.25	0.29	—
	—	233.26	233.99	—
	—	52.3	60.1	—
Balance sheet
	—	1,574	1,635	—
	—	337.24	461.32	—
	—	3.31	14.89	—
	—	118.33	135.79	—
	—	148.07	248.11	—
	—	60.61	46.12	—
	—	1,109	939.30	—
	—	62.87	151.45	—
	—	299.22	404.30	—
	—	236.57	248.88	—
	—	87.24	102.17	—
	—	149.33	146.71	—
	—	940.20	858.24	—
Cash flow
	—	144.97	86.18	—
	—	-107.66	-111.13	—
	—	-48.89	-4.80	—
	—	109.81	117.83	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	343.67	399.63	342.99	345.05	338.47	382.86	—
	4.13	11.91	7.64	7.66	4.36	8.46	—
	324.39	368.40	327.24	313.89	306.82	382.43	—
	72.52	77.41	104.64	96.57	105.79	129.59	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	18.60	17.15	18.88	18.18	18.56	19.18	—
	5.73	4.75	5.43	4.65	5.67	5.43	—
	14.63	15.29	15.11	13.36	13.37	14.99	—
	210.74	233.10	186.17	180.73	174.45	204.89	—
	23.41	43.14	23.40	38.81	36.01	8.89	—
	0.00	0.00	0.00	-9.77	0.00	0.00	—
	23.41	43.14	23.40	29.04	36.01	8.89	—
	6.16	-23.05	10.14	9.30	15.80	2.45	—
	17.24	42.09	13.26	19.74	20.21	6.44	—
	3.81	9.83	2.93	4.36	4.47	1.37	—
Key metrics
	43.77	63.18	43.94	47.05	55.05	29.31	—
	12.70%	15.80%	12.80%	13.60%	16.30%	7.70%	—
	5.00%	10.50%	3.90%	5.70%	6.00%	1.70%	—
	—	3.70%	—	2.70%	—	1.20%	—
	1.50%	4.40%	—	—	—	—	—
	-14.70%	553.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,431	1,422	1,411	—
	31.34	31.57	20.30	—
	1,334	1,307	1,378	—
	351.14	298.65	495.73	—
	0.00	0.00	0.00	—
	72.81	71.24	75.46	—
	20.56	19.74	21.56	—
	58.39	55.15	56.29	—
	810.74	854.53	729.00	—
	128.76	147.04	52.99	—
	-9.77	-9.77	-10.06	—
	118.99	137.27	42.93	—
	2.55	13.62	17.54	—
	92.33	95.29	25.38	—
	20.93	21.60	5.56	—
Key metrics
	197.94	212.16	120.78	—
	13.83%	14.90%	8.60%	—
	6.45%	6.70%	1.80%	—
	—	12.30%	5.20%	—
	—	0.80%	—	—
	—	275.50%	—	—
	—	35.90	-21.36	—
	—	1.53	3.80	—
	—	0.25	0.29	—
	—	233.41	234.17	—
	—	52.3	60.1	—
Balance sheet
	—	1,588	1,648	—
	—	336.99	461.07	—
	—	3.16	14.71	—
	—	118.33	135.79	—
	—	148.07	248.11	—
	—	60.61	46.12	—
	—	1,088	918.45	—
	—	62.87	151.45	—
	—	307.19	411.82	—
	—	236.57	248.88	—
	—	87.24	102.17	—
	—	149.33	146.71	—
	—	946.25	864.38	—
Cash flow
	—	145.71	96.47	—
	—	-107.66	-111.13	—
	—	-49.60	-5.47	—
	—	109.81	117.83	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 41.69%

Holder	Type	Holding	Previous	Change
RAVI KALIDINDI	Promoter	7.01%	—	—
GAUTAM KALIDINDI	Promoter Group	6.15%	—	—
ROOPA KALIDINDI	Promoter Group	5.98%	—	—
KALIDINDI POOJA	Promoter Group	4.20%	—	—
ANURADHA KALIDINDI	Promoter Group	3.31%	—	—
ANAND RATHI GLOBAL FINANCE LIMITED	Public	2.79%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	2.27%	—	—
KAKATIYA INDUSTRIES PRIVATE LIMITED	Promoter Group	1.39%	—	—
GORADIA VINODRAI VACHHARAJ GORADIA CHARULATA VINODRAI	Promoter	1.38%	—	—
DIVYA PENUMACHA	Promoter Group	1.28%	—	—
BYNA MURALI BYNA SAILAJA NARASIMHA RAJU BYNA	Public	1.11%	—	—
NCL BUILDTEK LIMITED	Promoter Group	1.08%	—	—
BHARAT C JAIN AMIT BHUTRA	Public	1.05%	—	—
NARASIMHA RAJU PENMETSA	Promoter	0.83%	—	—
GORADIA CHARULATA VINODRAI GORADIA VINODRAI VACHHARAJ	Promoter Group	0.83%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Dear Sir, Please find the attached intimation on record. Thanks Company Secretary18 Sep 2026 · AGM/EGM / AGM
Dear Sir Please take this intimation on record. Thanks Company Secretary18 Sep 2026 · AGM/EGM / AGM
Dear Sir, Please take this intimation on record. Thanks Company Secretary18 Sep 2026 · Others / Outcome without intimation
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi, Vikram Chemicals Pvt Ltd & ....12 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi, Vikram Chemicals Pvt Ltd, Kakatiya ....11 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kakatiya Industries Pvt Ltd9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for K Gautam9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for G T Sandeep9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 08, 2026 for GT Sandeep9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Dear Sir Please take this intimation on record. Thanks Company Secretary8 Sep 2026 · Others / Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd7 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikram Chemicals Pvt Ltd4 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for G T Sandeep3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 02, 2026 for GT Sandeep2 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi & NCL Holdings (A&S) Ltd2 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd27 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Dear Sir, Please find the attached intimation on record. Thanks Company Secretary26 Aug 2026 · Company Update / General
Dear Sir/Madam, Please take this on record. Investor Presentation for the information of Shareholders. Thanks Company Secretary26 Aug 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd26 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NCL Holdings (A&S) Ltd25 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Dear Sir/Madam, Please take this initmation on record. Thanks Company Secretary24 Aug 2026 · AGM/EGM / AGM
Dear Sir, Please take this intimation on record. Thanks & Regards Company Secretary24 Aug 2026 · Others / Reg. 34 (1) Annual Report
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kakatiya Industries Pvt Ltd & NCL Holdings (A&S) Ltd21 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Dear Sir, Please take this intimation on record. Thanks Company Secretary20 Aug 2026 · Others / Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi & NCL Holdings (A&S) Ltd19 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi18 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi14 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Dear Sir/Madam Please take this intimation on record. Thanks Company Secretary14 Aug 2026 · Others / Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi13 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalidindi Ravi13 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Dear Sir/Madam Please take this intimation on record. Thanks Company Secretary10 Aug 2026 · Company Update / General
Dear Sir Please take this intimation on record. Thanks Company Secretary7 Aug 2026 · Corp. Action / Book Closure
Dear Sir/Madam Please take this intimation on record. Thanks Divya7 Aug 2026 · Corp. Action / Record Date
Dear Sir/Madam Please take this meeting on record. Thanks Company Secretary7 Aug 2026 · AGM/EGM / AGM
Dear Sir/Madam Please take this initmation on record. Thanks Company Secretary7 Aug 2026 · Board Meeting / Outcome of Board Meeting
NCL Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve Dear Sir, Intimation regarding ....31 Jul 2026 · Board Meeting / Board Meeting
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 28, 2026 for K. Gautam, K. Roopa, ....28 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	11 Sep 2026	11 Sep 2026	—
Interim Dividend - Rs. - 1.5000	20 Feb 2026	21 Feb 2026	—
Final Dividend - Rs. - 2.0000	18 Sep 2025	18 Sep 2025	—
Interim Dividend - Rs. - 1.0000	18 Feb 2025	18 Feb 2025	—
Final Dividend - Rs. - 2.5000	13 Sep 2024	—	—

Board meetings

7 Aug 2026 Board Meeting - Financial Results