NCL Industries logo

NCL Industries share price

NSE: NCLINDBSE: 502168Cement & Cement ProductsSmall Cap

NCL Industries Limited · Face value ₹10 · Listed Aug 1983 on BSE, Apr 2007 on NSE
Last close ₹162.37down ₹3.39 (2.05%)BSE ₹162.75

Share price at the NSE close on 28 Oct 2026. Previous close ₹165.76.

28 Oct: open ₹162.40, high ₹166.21, low ₹161.25

52-week range of traded prices to 28 Oct 2026
₹147.50Low, 30 Mar 2026₹214.80High, 8 Jan 2026
Market cap
₹734 Cr1,583rd largest listed
P/E
7.94
P/E without one-offs
5.81
P/B
0.78
Dividend yield
2.16%
ROE
10.3%
ROE without one-offs
14.1%
ROCE
10.0%
Debt to equity
0.25
Volume, NSE
10,40153.4% delivered

NCL Industries share price chart

Daily closes since Jan 2007, BSE closes Jan 2007 to Apr 2007, adjusted for splits and bonuses

−19.5%over a year · Nifty 500 −8.8%

Results20-session average 43,506 shares a day, 65.8% delivered

Results

Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore.NCL Industries quarterly results

Revenue growth, 12 months
+2.7%
Net profit growth, 12 months
+182.9%

Quarter to Jun 2026, against the quarter before

Revenue
₹344 Crdown 14.00%
Net profit
₹17 Crdown 59.03%
Net margin
5.0%

Revenue by quarter

₹330 CrSep 24₹341 CrDec 24₹383 CrMar 25₹338 CrJun 25₹345 CrSep 25₹343 CrDec 25₹400 CrMar 26₹344 CrJun 26

Net profit by quarter, a loss in red

₹2.65 CrSep 24₹3.36 CrDec 24₹6.44 CrMar 25₹20 CrJun 25₹20 CrSep 25₹13 CrDec 25₹42 CrMar 26₹17 CrJun 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company reports a discontinued business.

₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue330341383338345343400344
Net profit3362020134217
Net margin0.8%1.0%1.7%6.0%5.7%3.9%–5.0%
Standalone. The last eight quarters. The latest is shaded. Net margin is left blank for Mar 2026: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Business segments

Share of revenue, year to Mar 2026, consolidated. That year's accounts report a discontinued business: these segments add to ₹1,802 Cr with it, and the company's revenue from the businesses it kept was ₹1,422 Cr.Segment revenue and profit

  • Cement Division₹1,500 Cr83.3%
  • Boards Division₹163 Cr9.1%
  • Ready mix concrete Division₹131 Cr7.3%
  • Energy Division₹7 Cr0.4%

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.NCL Industries PE ratio and valuation

Price to earnings

At or below today's level on 6% of 2,347 trading days over the last 10 years.

LowestHighest
Its median11.96Industry median27.19
Price to book

At or below today's level on 9% of 1,972 trading days since Nov 2018.

LowestHighest
Its median1.11Industry median1.47
Dividend yield

At or below today's level on 84% of 2,476 trading days over the last 10 years.

LowestHighest
Its median1.60%Industry median0.63%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−16.4%+275.4%−78.3%2.4%
3 years−3.9%+27.5%−26.3%2.1%
5 years−1.0%−8.5%+6.1%1.9%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.NCL Industries shareholding pattern

Shareholding by group

  • Promoters42.49%
  • Foreign institutions3.42%
  • Indian institutions0.03%
  • Governments0.02%
  • Individuals and others54.05%
Holder
RAVI KALIDINDIPromoter7.31%
GAUTAM KALIDINDIPromoter6.16%
ROOPA KALIDINDIPromoter5.98%
KALIDINDI POOJAPromoter4.20%
ANURADHA KALIDINDIPromoter3.31%
ANAND RATHI GLOBAL FINANCE LIMITEDCompanies2.79%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

Promoters have pledged 4.72% of their shares. Since Jun 2026: promoters +0.82 pts, foreign institutions −0.03 pts, Indian institutions unchanged, mutual funds unchanged.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.NCL Industries insider trading

Bought on the market Sold on the market
  • Promoters and promoter group102 purchases, 3 sales₹13 Cr3 mores with no value filed₹1.14 Cr1 more with no value filedNet₹12 Crof the trades with a value15 pledge filings of unclear kind · 31 off-market moves
  • Directors and key managers9 purchases, 0 sales₹0.35 CrNo saleNet₹0.35 Cr10 off-market moves
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

NCL Industries competitors and peers

Cement & Cement Products, 40 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to NCL Industries in market cap.Construction materials companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Orient Cement logoOrient CementORIENTCEM2,32812.111.04−17.7%−37.3%8.9%10.4%0.44%
KCP logoKCPKCP1,85210.871.04+6.5%−4.5%10.3%7.1%0.70%
Sagar Cements logoSagar CementsSAGCEM1,627–0.96+13.4%–−2.1%0.0%0.00%
Shree Digvijay Cement Co.Ltd logoShree Digvijay Cement Co.LtdSHREDIGCEM778–2.28+32.6%−122.6%−2.4%2.1%1.90%
Visaka Industries logoVisaka IndustriesVISAKAIND6747.850.82+10.8%+119.3%10.9%10.1%2.82%
Deccan Cements logoDeccan CementsDECCANCE664113.620.88+39.4%−70.9%0.8%1.4%0.11%
Saurashtra Cement logoSaurashtra CementSAURASHCEM52678.670.55+7.9%−52.1%0.7%−0.6%0.00%
Bigbloc Construction logoBigbloc ConstructionBIGBLOC492–3.57+33.5%––1.6%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.NCL Industries dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.5Mar 172.5Mar 182.5Mar 192.5Mar 204Mar 213Mar 223Mar 234Mar 243Mar 253.5Mar 26
Highest ₹4.00 a share, years to Mar 2021 and Mar 2024.
Ex-dateTypePer share
11 Sep 2026Final₹2.00
20 Feb 2026Interim₹1.50
18 Sep 2025Final₹2.00
18 Feb 2025Interim₹1.00
13 Sep 2024Final₹2.50
21 Feb 2024Interim₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.NCL Industries announcements

NCL Industries share price by year

Each calendar year to 2025.NCL Industries share price history

YearClose at year endChangeHighest closeLowest close
2025201.07−8.4%234.61182.02
2024219.44−1.3%255.42181.95
2023222.35+25.6%238.90158.05
2022177.05−17.2%227.60157.05
2021213.70+45.0%298.40146.80
2020147.35+71.2%154.0553.90
201986.05−36.5%157.5574.80
2018135.60−45.9%294.00113.65
2017250.65+120.1%268.95117.80
2016113.90−30.2%165.0084.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026159.00167.90158.00165.76163.6878,78576.1%
26 Oct 2026164.70164.70157.34159.85159.881,14,57180.2%
23 Oct 2026169.00169.31162.00164.77164.6338,65161.8%
22 Oct 2026166.39169.39163.55168.01166.2744,44268.4%
21 Oct 2026162.35168.99162.35165.57165.3653,36454.7%
19 Oct 2026165.80165.80162.55163.24163.9616,29564.5%
16 Oct 2026166.70166.70163.04164.93164.8211,66456.3%
15 Oct 2026164.26166.50163.21165.87165.0314,90762.2%
14 Oct 2026163.54166.00163.54164.26164.9116,07267.5%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Renu Challu
At the end of the quarter to Sep 2026
Managing director
K Ravi
At the end of the quarter to Sep 2026
NSE symbol
NCLIND
BSE code
502168
ISIN
INE732C01016
Industry
Cement & Cement Products
CIN
L33130TG1979PLC002521
Corporate identity number, the registrar of companies' code for it
Incorporated
1979
Registered office
10-3-162, NCL PEARL, 7th Floor, Opp: Hyderabad Bhawan(Near Rail Nilayam), Sarojini Devi Road, (S D Road), East Maredpally, Secunderabad 500026, Telangana
Share registrar
Venture Capital & Corporate Investments Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments