Nuvoco Vistas Corporation share price today

Nuvoco Vistas Corporation Ltd's share price was ₹338.85 at the close on 4 November 2026. It has been falling for 4 weeks. That is 1.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹286 and ₹382, and at that close it sat 55% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Nuvoco Vistas Corporation Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 5.2 years the share price moved −37% while the NIFTY 500 moved +50%, so it is behind the index over that whole period. 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.

Two changes stood out: revenue up on a year earlier for 7 quarters in a row and foreign funds (FIIs) cut their stake for 4 quarters in a row.

1. Revenue up on a year earlier for 7 quarters in a row

   In the September 2026 quarter revenue was ₹2,790 crore, +13.5% on a year earlier.

2. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 5.2% to 4.6% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Nuvoco Vistas Corporation reported revenue of ₹2,790 crore, up 13.5% from ₹2,458 crore a year earlier, and a profit of ₹65.0 crore, up 80.6% from ₹36.0 crore.

Nuvoco Vistas Corporation results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Nuvoco Vistas Corporation's management discussed these results on a call held on 23 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Nuvoco Vistas Corporation closed at ₹338.85 on 4 November 2026, down 11.2% from ₹381.50 a year earlier (7 November 2025) and down 37.1% over five years. Its highest weekly close since August 2021 was ₹560.85 on 3 September 2021.

Nuvoco Vistas Corporation share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

275 weekly closes from 27 August 2021 to 4 November 2026.

4 Nov 2026: Nuvoco Vistas Corporation closed at ₹338.85, up 5.8% on the week and up 5.2% on the month. 23 Oct 2026: Nuvoco Vistas Corporation held its results call for July to September 2026. Management guided: H2 cement demand: industry growth 7-8%, around 8% blended; Nuvoco volume growth 8-9% across North, West and East.

Earlier

• Results for July to September 2026: Revenue up 13.5% and profit up 80.6% on a year earlier.

Nuvoco Vistas Corporation has paid no dividend on the NSE since its first NSE close in our records (27 August 2021), the start of the period we checked.

No. Nuvoco Vistas Corporation Ltd paid out 0% of its profit as dividends in each of its last 10 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 23 October 2026, Nuvoco Vistas Corporation's management guided: H2 cement demand: industry growth 7-8%, around 8% blended; Nuvoco volume growth 8-9% across North, West and East.

“The full impact of the 200 dollars per ton petcoke will come and affect us only in March next year.”Bishnu Sharma, on the call for July to September 2026

What management guided

• Q3 fuel cost ₹1.8 per million cal (+₹70-80 per tonne energy); Q4 worst-case energy-cost rise ₹80-90 per tonne.
• Surat utilization planned at 50-60% in Q4 and 70-75% or more next year; Kutch jetty planned for the first week of December, with clinker movement by Q4; Gujarat operating profit per tonne planned to converge around January to March 2028-April to June 2028.
• FY27 capital spending ₹1,200 crore; FY28 ₹800-900 crore, or ₹2,000-2,100 crore over two years; East expansion shifted 6-8 months to Q1-July to September 2027; 35MMTPA capacity goal remains for FY28.
• Net debt expected near the March level by year-end; leverage of 2-2.5x over 4-6 quarters, then below 2x as Vadraj volumes scale; tax-regime decision expected within 3-4 months.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 23 October 2026.

When Nuvoco Vistas Corporation reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Check whether Q3 fuel and packaging costs are offset by sustained price recovery.

Nuvoco Vistas Corporation is not on any of our India lists this week.

Nuvoco Vistas Corporation Ltd earned ₹65.0 Cr of net profit in the Sep 2026 quarter, +80.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹360 Cr. Over 9 years profit has grown 9.0% a year on average. That is 2.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹36.0 Cr. 2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹360 Cr (+1,536.4% on the year before).

Why profit moved: revenue changed +13.5% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +28.6% and revenue +10.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Nuvoco Vistas Corporation Ltd reported ₹2,790 Cr of revenue in the Sep 2026 quarter, +13.5% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 9 years it has grown 9.1% a year on average. The last full year, FY26, came in at ₹11,338 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹11,927 Cr.

FY26 revenue was ₹11,338 Cr, +9.5% on the year before.

Recent pace: the last four quarters grew +10.8% on average, against 9.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.6%, against +7.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +51.5%, against +191.0% a year (rolling over).

Nuvoco Vistas Corporation Ltd's operating margin was 15.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 10 years it has been between 11.0% and 20.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.3 percentage points on the year while gross margin changed −1.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 833% of Nuvoco Vistas Corporation Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,485 Cr of operating cash against ₹360 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹2,956 Cr of spending on assets, free cash was −₹1,471 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 833% of profit came in as cash: the cash cycle got 104 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building.

Nuvoco Vistas Corporation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −130 days in FY26, down from −26 days in FY21. It spent ₹4,275 Cr on assets over the last 3 years. Customers take 24 days to pay, and stock sits for 128 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹11,338 Cr, each day of that cycle ties up about ₹31.1 Cr, so roughly −₹4,038 Cr is tied up in the business at any time.

FY26: customers took 24 days to pay and stock sat for 128 days, about 4.2 months of sales sitting as stock, for a full cycle of −130 days, shorter than FY21's −26.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 128 days. Customers pay about 24 days after that. Suppliers are paid at 282 days. Together that makes the −130-day cycle.

Spending on assets: ₹4,275 Cr over the last 3 years, against ₹2,672 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 ₹2,683 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.

Nuvoco Vistas Corporation Ltd's P/E is 27.3×, near the low end of its own history: it has been lower only 16% of the time. Its usual P/E (the middle reading) is 47.9×, over 5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

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 Sep 2026 add up to ₹11.61.

Why the multiple is where it is: over the past year earnings per share moved +1,549.2% while the price moved −11.2%. 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 −8.9% a year; about +21.1% a year came from earnings growth and about −30.0 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.

Nuvoco Vistas Corporation Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +818.8% at its peak to +51.5%, but the business is still expanding, with ROCE steady at 6.8%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Nuvoco Vistas Corporation Ltd earned a ROCE of 7% in FY26. That is up from a low of 2% in FY23. Its return on capital used (ROIC) is 7.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 3.2% net margin and 0.56× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 3.2% net margin × 0.56× asset turnover × 2.17× leverage (assets divided by equity) ≈ 3.9% 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: 4.1% − 12.0% = −7.9 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.

Nuvoco Vistas Corporation Ltd has total debt of ₹5,568 Cr against shareholder equity of ₹10,451 Cr as of Sep 2026, so its debt is 0.53× its equity. Year by year, that ratio went from 0.63 in FY22 to 0.48 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions raised their stake in Nuvoco Vistas Corporation Ltd by 1.4 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 4.6% of the company. Domestic institutions moved −1.2 points over the same period, to 17.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +1.4 points over 8 quarters, to 4.6%; Domestic institutions: −1.2 points over 8 quarters, to 17.6%; Promoters: +0.0 points over 8 quarters, to 72.0%.

Why the owners changed: foreign institutions drove it (+1.4 points), with the other side taken by domestic institutions (−1.2 points). They raised their stake step by step.

For Nuvoco Vistas Corporation 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.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

49.1 out of 100, rank 10 of 26 in Cement, with 78% of the evidence available.

Nuvoco Vistas Corporation Ltd scores 49.1 out of 100 against the 26 companies it is compared with in Cement, ranking 10. 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: 21.4 + 11.2 + 4.9 + 11.6 = 49.1. 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.

Nuvoco Vistas Corporation ranks 10 of 26 Cement companies on the 4-Factor Sector Score, with 49.1 out of 100.