Key Metrics of Ncl Industries Ltd
About Ncl Industries Ltd
Sectors
Company details
- Website
- nclind.com
- Registered office
- 10-3-162, Ncl Pearl, 7th Floor, Opp. Hyderabad Bhawan, East Maredpally, Secunderabad,, Hyderabad, In-ts, 500026
- Listed
- NSE: NCLIND · ₹162.37
Operational Areas of Ncl Industries Ltd
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 09 Feb 2026 | CARE | Other | BB+ | — | Stable | ₹65.0 Cr | View |
| 15 Nov 2024 | CARE | Other | BB+ | — | Stable | ₹65.0 Cr | View |
| 23 Aug 2023 | CARE | Other | BB+ | — | Stable | ₹65.0 Cr | View |
| 23 Aug 2022 | CARE | Non-cooperating | BB+ | — | Stable | ₹130 Cr | View |
| 22 Jun 2022 | CARE | Other | — | — | — | — | View |
| 24 Aug 2021 | CARE | Non-cooperating | BB+ | — | Stable | ₹65.0 Cr | View |
| 01 Jul 2020 | CARE | Other | BB+ | — | Stable | ₹65.0 Cr | View |
| 30 Oct 2019 | CARE | Non-cooperating | BBB | — | Stable | ₹65.0 Cr | View |
Credit strengths (CARE, Feb 2026)
+ Satisfactory operating cycle: Operating cycle of NCL remained satisfactory at 71 days in FY25
Improving demand prospects: The company’s demand prospects are robust over the near to medium term based on various infrastructural activities by the Government in Andhra Pradesh and Telangana. 1Complete definition of ratings assigned are available at www.careratings.com and other CARE Ratings Limited’s publications. 1 CARE Ratings Ltd. Press Release Assumptions/Covenants- Not applicable Environment, social, and governance (ESG) risks- Not applicable
+ Brief Financials (₹ crore) March 31, 2024 (A) March 31, 2025 (A) H1FY26 (UA)
Total operating income 1,646.38 1,414.25 352.70 PBILDT* 212.26 116.27 56.81 Profit after tax (PAT) 94.20 25.38 19.73 Overall gearing (x) 0.25 0.29 - Interest coverage (x) 8.79 4.87 12.21 A: Audited UA: Unaudited; Note: these are latest available financial results *PBILDT: Profit before interest, lease rentals, depreciation and tax
+ Total operating income 1,646.38 1,414.25 352.70
PBILDT* 212.26 116.27 56.81 Profit after tax (PAT) 94.20 25.38 19.73 Overall gearing (x) 0.25 0.29 - Interest coverage (x) 8.79 4.87 12.21 A: Audited UA: Unaudited; Note: these are latest available financial results *PBILDT: Profit before interest, lease rentals, depreciation and tax Status of non-cooperation with previous CRA: Not applicable
+ YYYY) Outlook
CARE BB+; Stable; ISSUER Fixed Deposit - - - 65.00 NOT COOPERATING* *Issuer did not cooperate; based on best available information. 2 CARE Ratings Ltd.
+ LT: Long term
Annexure-3: Detailed explanation of covenants of rated instruments/facilities- Not applicable Annexure-4: Complexity level of instruments rated Sr. No. Name of the Instrument Complexity Level 1 Fixed Deposit Simple Annexure-5: Lender details To view lender-wise details of bank facilities please click here Note on complexity levels of rated instruments: CareEdge Ratings has classified instruments rated by it based on
Credit challenges
− Satisfactory operating cycle: Operating cycle of NCL remained satisfactory at 71 days in FY25
Improving demand prospects: The company’s demand prospects are robust over the near to medium term based on various infrastructural activities by the Government in Andhra Pradesh and Telangana. 1Complete definition of ratings assigned are available at www.careratings.com and other CARE Ratings Limited’s publications. 1 CARE Ratings Ltd. Press Release
Agency-reported financials (CARE, 09 Feb 2026)
| Metric | March 31, 2024 | March 31, 2025 | H1FY26 |
|---|---|---|---|
| Total operating income | ₹1,646 Cr | ₹1,414 Cr | ₹353 Cr |
| PBILDT* | ₹212 Cr | ₹116 Cr | ₹56.81 Cr |
| Profit after tax (PAT) | ₹94.20 Cr | ₹25.38 Cr | ₹19.73 Cr |
| Overall gearing (x) | 0.25× | 0.29× | — |
| Interest coverage (x) | 8.79× | 4.87× | 12.21× |
| Revenue growth (YoY) | — | −14.1% | — |
| PAT margin | 5.7% | 1.8% | 5.6% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| crore) ISSUER NOT continues to remain under ISSUER Fixed Deposit | Fixed deposits | — | ₹65.0 Cr | — | BB+ (Stable) | Other | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| BG/LC | — | Withdrawn |
| Cash Credit | — | Withdrawn |
| Fixed Deposit | ₹65.0 Cr | CARE BB+; Stable; ISSUER NOT COOPERATING* |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| crore) ISSUER NOT continues to remain under ISSUER Fixed Deposit | Fixed deposits | BB+ CARE | BB+ | Tier II + 1 |
| crore) ISSUER continues to remain under ISSUER Fixed Deposit | Fixed deposits | BB+ CARE | BB+ | Tier II + 1 |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 72% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 63% chance the next rating action is stable or better
- Current rating BB+ (below investment grade)
- Interest coverage 12.21×
Rated limits by facility
Timeline
From the report
However, the company has adequate cash accruals (Rs.97.06 crore vis-à-vis repayment obligation of Rs.69.50 crore in FY20) with cash and bank balance of Rs.5.01 crore as on March 31, 2019.
From the report
However, the company has adequate cash accruals (Rs.97.06 crore vis-à-vis repayment obligation of Rs.69.50 crore in FY20) with cash and bank balance of Rs.5.01 crore as on March 31, 2019.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Ncl Industries Ltd
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Cement · Cement, Building Materials & Polymers | ultratechcement.com | 1983 | Mumbai, India | |
| Cement · Cement, Building Materials & Polymers | ambujacement.com | — | Ahmedabad, India | |
| Cement · Cement, Building Materials & Polymers | acclimited.com | — | Gandhinagar, India | |
 Shree Cement |
Cement · Cement, Building Materials & Polymers | shreecement.com | — | Beawar, India |
| Cement · Cement, Building Materials & Polymers | dalmiacement.com | — | Tiruchirapalli, India | |
| Cement · Cement, Building Materials & Polymers | jkcement.com | — | Rajasthan, India | |
 Nuvoco Vistas |
Cement · Cement, Building Materials & Polymers | nuvoco.com | — | Mumbai, India |
| Discovered Companies · Other Industries | birlacorporation.com | — | Kolkata, West Bengal, India | |
 The Ramco Cements |
Cement · Cement, Building Materials & Polymers | ramcocements.in | — | Rajapalayam, India |
 Jk Lakshmi Cement Limited |
Cement · Cement, Building Materials & Polymers | jklakshmicement.com | — | Rajasthan, Delhi, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Cement and boards
Filings
No filings on record yet.