# NCL Industries share price today (NCL Industries Ltd, NSE: NCLIND)

> NCL Industries share price today: ₹161.60 at the NSE close on 3 November 2026, down 17.9% in a year. NCL Industries (NSE: NCLIND) is worth ₹731 crore, trades at a P/E of 5.9 and has closed between ₹156.94 and ₹207.50 over the past 52 weeks. > NCL Industries Ltd's P/E is near the low end of its own history, higher than only 1% of past readings, and its quarterly results are still getting worse. NCLIND · Cement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ncl-industries-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹161.60 (−17.9% in a year)
- P/E: 5.9× (lower than 99% of the last 6.3 years)
- Revenue (Jun 2026): ₹344 Cr (+2.7% on a year ago)
- Profit (Jun 2026): ₹17.0 Cr (−15.0% on a year ago)
- Operating margin: 12.0% (−3.0 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 12.0%, against a 12.0% cost of capital: +0.0 points

The main question: yearly earnings per share moved +278.6% while the share price moved −17.9%. ## What is the NCL Industries share price today? NCL Industries Ltd's share price was ₹161.60 at the close on 3 November 2026. It has been falling for 56 weeks. That is 10.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹157 and ₹208, and at that close it sat 9% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running. Over the last 11 years the share price moved +82% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at NCL Industries this quarter? 1. Profit fell in the June 2026 quarter Profit was ₹17 crore, -15% on a year earlier (₹20 crore), after 4 quarters of growth. 3. Foreign funds (FIIs) cut their stake for 5 quarters in a row From 5.8% to 3.4% of the company by the September 2026 quarter. ## What are NCL Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), NCL Industries reported revenue of ₹344 crore, up 2.7% from ₹335 crore a year earlier, and a profit of ₹17.0 crore, down 15.0% from ₹20.0 crore. ### NCL Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹344 crore | ₹335 crore | +2.7% |
| Profit | ₹17.0 crore | ₹20.0 crore | −15.0% |
| Earnings per share | ₹3.84 | ₹4.48 | −14.3% |
| Operating margin | 12.0% | 15.0% | −3.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the NCL Industries share price history? NCL Industries closed at ₹161.60 on 3 November 2026, down 17.9% from ₹196.92 a year earlier (31 October 2025) and down 31.8% over five years. Its highest weekly close since March 2016 was ₹284.25 on 25 January 2018. ### NCL Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹164.77 | −1.9% |
| 1 month ago · 1 Oct 2026 | ₹170.03 | −5.0% |
| 6 months ago · 30 Apr 2026 | ₹175.75 | −8.1% |
| 1 year ago · 31 Oct 2025 | ₹196.92 | −17.9% |
| 3 years ago · 3 Nov 2023 | ₹213.05 | −24.1% |
| 5 years ago · 4 Nov 2021 | ₹237.05 | −31.8% |
| 10 years ago · 4 Nov 2016 | ₹135.15 | +19.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹88.70 | +82.2% |
| Highest weekly close since March 2016 · 25 Jan 2018 | ₹284.25 | −43.1% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹54.30 | +197.6% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹207.50 | −22.1% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹156.94 | +3.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on NCL Industries? 3 Nov 2026: NCL Industries closed at ₹161.60, down 1.9% on the week and down 5.0% on the month. 11 Sep 2026: ex-date for a dividend of ₹2 a share. ### Earlier

- Results for April to June 2026: Revenue up 2.7% and profit down 15.0% on a year earlier. - 20 Feb 2026: ex-date for an interim dividend of ₹1.50 a share, record date 21 Feb 2026. ## What dividend does NCL Industries pay? NCL Industries paid ₹3.50 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 2.17% at the ₹161.60 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 11 September 2026. ### NCL Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 11 Sep 2026 | ₹2 | Dividend | same day |
| 20 Feb 2026 | ₹1.50 | Interim | 21 Feb 2026 |
| 18 Sep 2025 | ₹2 | Dividend | same day |
| 18 Feb 2025 | ₹1 | Interim | same day |
| 13 Sep 2024 | ₹2.50 | Dividend | n/a |
| 21 Feb 2024 | ₹1.50 | Interim | same day |
| 15 Sep 2023 | ₹1.50 | Dividend | n/a |
| 23 Feb 2023 | ₹1.50 | Interim | same day |
| 19 Sep 2022 | ₹1.50 | Dividend | n/a |
| 22 Feb 2022 | ₹1.50 | Interim | 23 Feb 2022 |
| 17 Sep 2021 | ₹1 | Dividend | n/a |
| 12 May 2021 | ₹1.50 | Interim | 14 May 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. NCL Industries Ltd paid out 17% of its profit as dividends in FY26, and it paid a dividend in each of its last 8 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is NCL Industries on? NCL Industries is on one of our India lists: Dividend stocks. [Dividend stocks Regular dividend yield (%): 2.16](https://www.sectoralpha.in/dividend-stocks-india)

## Is NCL Industries profitable? NCL Industries Ltd earned ₹17.0 Cr of net profit in the Jun 2026 quarter, −15.0% on the same quarter a year earlier. Full-year FY26 profit was ₹95.0 Cr. Over 7 years profit has grown 10.6% a year on average. That is 4.9% of the quarter's revenue. The same quarter a year earlier earned ₹20.0 Cr. For the full year, FY26 profit was ₹95.0 Cr (+280.0% on the year before). Why profit moved: revenue changed +2.7% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +346.3% and revenue +3.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does NCL Industries make, and is it growing? NCL Industries Ltd reported ₹344 Cr of revenue in the Jun 2026 quarter, +2.7% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 7 years it has grown 8.6% a year on average. The last full year, FY26, came in at ₹1,747 Cr. The last four reported quarters add to ₹1,432 Cr. FY26 revenue was ₹1,747 Cr, +0.3% on the year before. Recent pace: the last four quarters grew +3.6% on average, against 8.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +3.7%, against −7.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +178.8%, against +10.0% a year (accelerating). ## How much of every ₹100 of sales does NCL Industries keep? NCL Industries Ltd's operating margin was 12.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 8 years it has been between 7.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −3.9 percentage points on the year while gross margin changed −5.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is NCL Industries' profit turning into cash? Over the last 3 years, 194% of NCL Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹145 Cr of operating cash against ₹95.0 Cr of profit. After ₹77.0 Cr of spending on assets, ₹68.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 194% of profit came in as cash: the cash cycle got 74 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.5× depreciation over three years. The next section checks what that spending is building. ## Where does NCL Industries' cash go? NCL Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 148 days in FY26, up from 74 days in FY21. It spent ₹254 Cr on assets over the last 3 years. Customers take 25 days to pay, and stock sits for 215 days on average. At FY26 sales of ₹1,747 Cr, each day of that cycle ties up about ₹4.8 Cr, so roughly ₹708 Cr is tied up in the business at any time. FY26: customers took 25 days to pay and stock sat for 215 days, about 7.1 months of sales sitting as stock, for a full cycle of 148 days, longer than FY21's 74. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 215 days. Customers pay about 25 days after that. Suppliers are paid at 91 days. Together that makes the 148-day cycle. Spending on assets: ₹254 Cr over the last 3 years, against ₹165 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is NCL Industries' P/E ratio, and how does it compare with its own history? NCL Industries Ltd's P/E is 5.9×, about the lowest it has ever been. Its usual P/E (the middle reading) is 12.8×, over 6.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹20.45. Why the multiple is where it is: over the past year earnings per share moved +278.6% while the price moved −17.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −7.4% a year; about −3.6% a year came from earnings growth and about −3.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the NCL Industries business getting better or worse? NCL Industries Ltd's business is turning around. Profit growth has swung from −56.6% at its low to +178.8%, rising from a low 4 quarters ago, with ROCE rising at 9.7%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does NCL Industries earn on its capital? NCL Industries Ltd earned a ROCE of 15% in FY26. That is up from a low of 8% in FY25. Its return on capital used (ROIC) is 0.0 percentage points above its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.4% net margin and 1.11× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.4% net margin × 1.11× asset turnover × 1.67× leverage (assets divided by equity) ≈ 10.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 12.0% − 12.0% = +0.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does NCL Industries have too much debt? NCL Industries Ltd has total debt of ₹300 Cr against shareholder equity of ₹940 Cr as of Jun 2026, so its debt is 0.32× its equity. Year by year, that ratio went from 0.55 in FY22 to 0.31 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the NCL Industries shareholding pattern? Foreign institutions cut their stake in NCL Industries Ltd by 1.9 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 3.4% of the company. Promoters moved +0.4 points over the same period, to 42.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −1.9 points over 8 quarters, to 3.4%; Promoters: +0.4 points over 8 quarters, to 42.5%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. Why the owners changed: foreign institutions drove it (−1.9 points). They reduced their stake. ## How far is NCL Industries from balance-sheet trouble? For NCL Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NCL Industries rank in its industry? 72.4 out of 100, rank 1 of 26 in Cement, with 96% of the evidence available. NCL Industries Ltd scores 72.4 out of 100 against the 26 companies it is compared with in Cement, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.2 + 18.5 + 20 + 12.7 = 72.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is NCL Industries compared with? NCL Industries ranks 1 of 26 Cement companies on the 4-Factor Sector Score, with 72.4 out of 100. 1. NCL Industries Ltd this page NCLIND · quiet · Most evidence points up · 96% evidence 72.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 3.7% · Profit 100% · Operating margin change -3 points · 88% evidence Capital efficiency 18.5/25 · ROCE 14.6% · Operating margin 12% · 100% evidence Valuation 20.0/20 · P/E 5.8× · PEG 0.14 · 100% evidence Relative strength 12.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -9.2% · 1 year -19.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 18.5 + 20 + 12.7 = 72.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) STARCEMENT · basing · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 14.5% · Profit 55.1% · Operating margin change -4 points · 88% evidence Capital efficiency 22.5/25 · ROCE 16.6% · Operating margin 21% · 100% evidence Valuation 11.9/20 · P/E 18.3× · PEG 1.12 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -33.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 22.5 + 11.9 + 9.5 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rain Industries Ltd](https://www.sectoralpha.in/stocks/rain-industries-ltd) RAIN · losing its lead · Evidence leans up · 71% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 17% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.3% · Operating margin 19% · 76% evidence Valuation 11.0/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 39.3% · Lead over NIFTY 500 23.4% · 1 year 45.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.3 + 10.8 + 11 + 14 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ULTRACEMCO · turning · Evidence leans up · 67% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 16.9% · Profit 21.1% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 12.7% · Operating margin 16% · 76% evidence Valuation 10.1/20 · P/E 36.6× · PEG n/a · 50% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -7.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24 + 16.9 + 10.1 + 11.2 = 62.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [JSW Cement Ltd](https://www.sectoralpha.in/stocks/jsw-cement-ltd) JSWCEMENT · basing · Evidence leans up · 60% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 19.3% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.1% · Operating margin 15% · 76% evidence Valuation 10.4/20 · P/E 20× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.6% · 1 year -15.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.3 + 10.4 + 10.8 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Birla Corporation Ltd](https://www.sectoralpha.in/stocks/birla-corporation-ltd) BIRLACORPN · basing · Evidence leans up · 85% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3.3% · Profit 0.6% · Operating margin change -5 points · 100% evidence Capital efficiency 12.5/25 · ROCE 9.8% · Operating margin 9% · 100% evidence Valuation 18.6/20 · P/E 11.9× · PEG 0.33 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.4% · 1 year -34.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 12.5 + 18.6 + 9.4 = 53.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) SHREECEM · basing · Evidence leans up · 100% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 14.3% · Profit -7.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.4/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 5.4/20 · P/E 52.4× · PEG 3.8 · 100% evidence Relative strength 15.8/20 · Lead over its industry 9.7% · Lead over NIFTY 500 -3.8% · 1 year -18.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 14.4 + 5.4 + 15.8 = 51.8 · What this means: Relative strength against the index is -3.8%, and revenue and profit growth are weak. 8. [Mangalam Cement Ltd](https://www.sectoralpha.in/stocks/mangalam-cement-ltd) MANGLMCEM · losing its lead · Evidence leans up · 96% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 90% · Operating margin change -5 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11% · Operating margin 12% · 100% evidence Valuation 13.9/20 · P/E 18.6× · PEG 0.68 · 100% evidence Relative strength 14.2/20 · Lead over its industry 19.2% · Lead over NIFTY 500 5.3% · 1 year 13% · 100% evidence · 7 of 12 weeks ahead Exact sum: 13.1 + 10.3 + 13.9 + 14.2 = 51.5 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 9. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) JKLAKSHMI · quiet · Too little evidence to rank firmly · 56% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.7% · Profit 0.5% · Operating margin change -4 points · 83% evidence Capital efficiency 14.4/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 10.8/20 · P/E 14.7× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -47.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 14.4 + 10.8 + 8.2 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) NUVOCO · losing its lead · Evidence leans down · 78% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 10.6% · Profit 51.5% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 7% · Operating margin 15% · 100% evidence Valuation 4.9/20 · P/E 25.8× · PEG 8.14 · 65% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -22.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 21.4 + 11.2 + 4.9 + 11.6 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Orient Cement Ltd](https://www.sectoralpha.in/stocks/orient-cement-ltd) ORIENTCEM · basing · Evidence leans down · 93% evidence 48.2 out of 100 Growth Capital Valuation Relative
12. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) INDIACEM · basing · Evidence leans down · 75% evidence 47.5 out of 100 Growth Capital Valuation Relative
13. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) JKCEMENT · quiet · Evidence leans down · 85% evidence 47.3 out of 100 Growth Capital Valuation Relative
14. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) KCP · basing · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
15. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) RAMCOCEM · quiet · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative
16. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) DALBHARAT · quiet · Evidence leans down · 85% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [HeidelbergCement India Ltd](https://www.sectoralpha.in/stocks/heidelbergcement-india-ltd) HEIDELBERG · quiet · Evidence leans down · 100% evidence 41.7 out of 100 Growth Capital Valuation Relative
18. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ACC · quiet · Evidence leans down · 85% evidence 40.4 out of 100 Growth Capital Valuation Relative
19. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) AMBUJACEM · basing · Evidence leans down · 82% evidence 35.7 out of 100 Growth Capital Valuation Relative
20. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) BIGBLOC · basing · Evidence leans down · 64% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) SAGCEM · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) DECCANCE · quiet · Most evidence points down · 89% evidence 34.0 out of 100 Growth Capital Valuation Relative
23. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) SAURASHCEM · quiet · Most evidence points down · 79% evidence 28.1 out of 100 Growth Capital Valuation Relative
24. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) SHREDIGCEM · quiet · Most evidence points down · 72% evidence 27.2 out of 100 Growth Capital Valuation Relative
25. [Shiva Cement Ltd](https://www.sectoralpha.in/stocks/shiva-cement-ltd) SHIVACEM · Too little evidence to rank firmly · 48% evidence 51.0 out of 100 Growth Capital Valuation Relative
26. [Prism Johnson Ltd](https://www.sectoralpha.in/stocks/prism-johnson-ltd) PRSMJOHNSN · basing · Too little evidence to rank firmly · 49% evidence 44.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement](https://www.sectoralpha.in/sectors/cement), all 26 compared on one page. ## Which companies are close to NCL Industries in size? NCL Industries is the 22nd largest of 26 Cement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: K C P, Sagar Cements and Shree Digvijay Cement Co. Just below it: Deccan Cements, BIGBLOC Construction and Saurashtra Cement. ### Cement companies close in size

1. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) ₹1,865 crore
2. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) ₹1,608 crore
3. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) ₹750 crore
4. NCL Industries Ltd ₹715 crore
5. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) ₹654 crore
6. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) ₹511 crore
7. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) ₹503 crore

[All 26 Cement companies, largest first](https://www.sectoralpha.in/sectors/cement#all-companies)

### Companies close in size in other industries

1. [Welspun Investments & Commercials Ltd](https://www.sectoralpha.in/stocks/welspun-investments-commercials-ltd) ₹718 crore · Finance - Investment/Others
2. [Gem Aromatics Ltd](https://www.sectoralpha.in/stocks/gem-aromatics-ltd) ₹716 crore · Chemicals - Organic
3. NCL Industries Ltd ₹715 crore
4. [Everest Industries Ltd](https://www.sectoralpha.in/stocks/everest-industries-ltd) ₹714 crore · Pre-Engineering Buildings
5. [Saakshi Medtech & Panels Ltd](https://www.sectoralpha.in/stocks/saakshi-medtech-panels-ltd) ₹714 crore · Electric Equipment - General

## What else do people ask about NCL Industries? ### What is NCL Industries's share price today? NCL Industries Ltd's share price is ₹161.60, −17.9% over the past year. The whole company is worth ₹731 Cr on the market. In the last 52 weeks it traded between ₹157 to ₹208; today it is 9% of the way up from the low, 10.5% below its 200-day average (as of 3 November 2026). ### What were NCL Industries's latest quarterly results? NCL Industries Ltd reported revenue of ₹344 Cr and net profit of ₹17.0 Cr for the Jun 2026 quarter. Revenue rose 2.7% and profit fell 15.0% compared with a year earlier. Earnings per share were ₹3.84. The operating margin was 12.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is NCL Industries's market cap? NCL Industries Ltd's market capitalisation is ₹731 Cr at a share price of ₹161.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NCL Industries performing? NCL Industries Ltd's share price has been falling for 56 weeks. In its latest quarter, revenue rose 2.7% and profit fell 15.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 16 weeks running (as of 3 November 2026). ### Will NCL Industries's share price go up? This page does not forecast NCL Industries Ltd's share price. What it shows instead: the share price is ₹161.60, and it has been falling for 56 weeks. Its P/E of 5.9× is higher than 1% of its own last 6 years (as of 3 November 2026). ### Who owns NCL Industries? Promoters own 42.5% of NCL Industries Ltd, foreign institutions 3.4%, domestic institutions 0.0% and the public 54.0% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.9 percentage points over 8 quarters (as of 3 November 2026). ### Does NCL Industries have too much debt? No, NCL Industries Ltd has little debt: its debt is 0.25× its equity, and its operating profit is 9 times its interest bill. FY26 borrowings were ₹239 Cr against equity of ₹940 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is NCL Industries in its business cycle? NCL Industries Ltd's FY26 operating margin was 11.0%, against a 8-year range of 7.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NCL Industries story? The main question: yearly earnings per share moved +278.6% while the share price moved −17.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NCL Industries a stock worth studying right now? What the numbers show: NCL Industries Ltd's P/E is near the low end of its own history, higher than only 1% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

This is research, not advice. We’re not SEBI-registered.