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NCL Industries Ltd

NSE: NCLIND BSE: 502168

185.77

(0.21%)

Tue, 03 Mar 2026, 03:03 pm

NCL Industries Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (6.1x coverage).
  • NCL Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • NCL Industries's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

health

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Pros

  • NCL Industries is profitable, therefore cash runway is not a concern.
  • NCL Industries is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (44.6%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.3x debt.
  • NCL Industries's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (160.7% vs 51.2% today).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
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Cons

  • NCL Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NCL Industries's level of debt (51.2%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the NCL Industries board of directors is about average.
  • Ravi's compensation has been consistent with company performance over the past year, both up more than 20%.
  • More shares have been bought than sold by NCL Industries individual insiders in the past 3 months.
  • The average tenure for the NCL Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
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Cons

  • Ravi's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • NCL Industries is not covered by any analysts.

    past

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    Pros

    • NCL Industries's 1-year earnings growth exceeds its 5-year average (133.4% vs 13.8%)
    • NCL Industries's year on year earnings growth rate has been positive over the past 5 years.
    • NCL Industries used its assets more efficiently than the IN Basic Materials industry average last year based on Return on Assets.
    • NCL Industries's earnings growth has exceeded the IN Basic Materials industry average in the past year (133.4% vs 17%).
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    Cons

    • NCL Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • NCL Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

    value

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    Pros

    • NCL Industries is good value based on assets compared to the IN Basic Materials industry average.
    • NCL Industries is good value based on earnings compared to the IN Basic Materials industry average.
    • NCL Industries is good value based on earnings compared to the India market.
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    Cons

    • NCL Industries's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • NCL Industries's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • NCLIND underperformed the Basic Materials industry which returned -15.5% over the past year.
    • NCLIND underperformed the Market in India which returned -14.5% over the past year.
    • NSEI:NCLIND is up 1.5% underperforming the Basic Materials industry which returned 9.2% over the past month.
    • NSEI:NCLIND is up 1.5% underperforming the market in India which returned 8% over the past month.

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