On Wednesday this small-cap jumps up to 4% after the company announced the business updates for Q2. This stock has given 24% returns in six months and 26% returns in YTD. The stock is trading 0.7% above the 50-day moving average and 13.6% above the 200-day moving average.
NCL Industries
NCL Industries the company belongs to a small-cap category with a market capitalization of Rs. 1,010 Cr. On Wednesday the stock rose up to 4% and currently trading 2.1% up at Rs. 222.60 on NSE.
According to the NSE filing, the company’s Cement Production grew by 9% from 6,03,520 MT in Q2 FY23 to 6,59,300 MT in Q2 FY24 and for the same period, Cement Dispatches increased by 11% from 6,04,786 MT to 6,69,587 MT.
The company’s Cement Boards Production increased by 12% from 19,198 in Q2 FY23 to Rs. 21,509 MT in Q2 FY24 and for the same period, Cement Boards Dispatches rose by 9% from 18,644 MT to 20,239 MT.
In addition, RMC Production & Sales rose by 50% from 44,064 CuM in Q2 FY23 to 66,263 CuM in Q2 FY24 and for the same period, Door Production 7 Sales increased by 23% from 4,246 Nos to 5,212 Nos.
As per the company filing, total income grew by 12.9% from Rs. 394.16 Cr in Q1 FY23 to Rs. 445.05 Cr in Q1 FY24 and the company’s net profit increased by 145% from Rs. 12.53 Cr in Q1 FY23 to Rs. 30.8 Cr in Q1 FY24.
As per the latest shareholding information, Promoters hold 47.27%, FIIs hold 3.49% and the public hold a 47.27% stake in the company.
NCL Industries the company manufactures and sells construction materials. It operates in five divisions: cement, boards, ready mix concrete, energy, and prefabrication.
Written by Sheshadri N
