The shares of the cement manufacturer gained up to 9 percent after the company’s net profit and revenue increased by 143 percent and 14 percent YoY, respectively in the fourth quarter.
With a market capitalization of Rs 954.64 crore, the shares of NCL Industries Ltd closed at Rs 210.05 per share, increasing around 6.17 percent as compared to the previous closing price of Rs 197.85 apiece.
Looking into the company’s performance, NCL Industries Ltd’s revenue decreased by 2 percent on a quarter-on-quarter basis from Rs. 505 crore in Q3FY24 to Rs. 494 crore in Q4FY24. Further, revenue increased by 14 percent year on year, from Rs. 434 crore in Q4FY23 to Rs. 494 crore in Q4FY24.
NCL Industries Ltd’s net profit decreased by 4 percent on a quarter-on-quarter basis, from Rs. 24.72 crore in Q3FY24 to Rs. 23.88 crore in Q4FY24. Further, net profit increased by 143 percent year on year from Rs. 9.81 crore in Q4FY23 to Rs. 23.88 crore in Q4FY24.
The company’s profitability measures show a decline in return on equity (RoE) from 12.73 percent in FY 21-22 to 5.75 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 15.20 percent to 9.88 percent. In contrast, the net profit margin (NPM) was 2.75 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 43.71 percent while Retail shareholders own a 51.07 percent stake in the company and domestic Institutional Investors own a 0.03 percent stake.
NCL Industries Limited manufactures and sells cement, ready mix concrete (RMC), cement bound particle boards (CBPB), doors, and operates two small hydropower (SHP) plants. The company’s segments include cement, boards, RMC, energy, and doors.
Written by:- Abhishek Singh
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