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North Eastern Carrying Corporation Ltd logo

North Eastern Carrying Corporation Ltd

NSE: NECCLTD BSE: 534615

14.20

(3.12)%

Tue, 03 Feb 2026, 09:40 am

Analysis

dividend

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Pros

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    Cons

    • Unable to evaluate North Eastern Carrying's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate North Eastern Carrying's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • North Eastern Carrying is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • North Eastern Carrying is profitable, therefore cash runway is not a concern.
    • North Eastern Carrying is profitable, therefore cash runway is not a concern.
    • Debt is covered by short term assets, assets are 2.3x debt.
    • North Eastern Carrying'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 (116.3% vs 77.4% today).
    • Low level of unsold assets.
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    Cons

    • Operating cash flow is negative therefore debt is not well covered.
    • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
    • North Eastern Carrying's level of debt (77.4%) compared to net worth is high (greater than 40%).

    management

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    Pros

    • The tenure for the North Eastern Carrying board of directors is about average.
    • Sunil's remuneration is about average for companies of similar size in India.
    • Sunil's compensation has been consistent with company performance over the past year, both up more than 20%.
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    Cons

      misc

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      Pros

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        Cons

        • North Eastern Carrying is not covered by any analysts.
        • North Eastern Carrying has significant price volatility in the past 3 months.

        past

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        Pros

        • North Eastern Carrying's 1-year earnings growth exceeds its 5-year average (52.3% vs -4.4%)
        • North Eastern Carrying's earnings growth has exceeded the IN Transportation industry average in the past year (52.3% vs 27.9%).
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        Cons

        • North Eastern Carrying's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
        • North Eastern Carrying used its assets less efficiently than the IN Transportation industry average last year based on Return on Assets.
        • North Eastern Carrying's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
        • North Eastern Carrying has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

        value

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        Pros

        • North Eastern Carrying is good value based on assets compared to the IN Transportation industry average.
        • North Eastern Carrying is good value based on earnings compared to the IN Transportation industry average.
        • North Eastern Carrying is good value based on earnings compared to the India market.
        • NECCLTD outperformed the Transportation industry which returned -28.4% over the past year.
        • NSEI:NECCLTD is up 27.8% outperforming the Transportation industry which returned 4% over the past month.
        • NSEI:NECCLTD is up 27.8% outperforming the market in India which returned 9% over the past month.
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        Cons

        • NECCLTD underperformed the Market in India which returned -14.8% over the past year.

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