MarketFriction

North Eastern Carrying Corporation Ltd

NSE NECCLTD · BSE 534615 · Logistics Solution Provider
₹18.41 -0.05%
NSE close2026-10-01
52 week range10.55 - 24.01
Market cap₹188 Cr.
P/E23.6
Price band 20%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales73.8485.5991.8477.6381.9481.0588.1069.1070.7571.9796.2375.58
Expenses69.0479.1587.0870.0375.3975.7485.6163.7967.9165.3594.0871.10
Operating Profit4.806.444.767.606.555.312.495.312.846.622.154.48
OPM %6.50%7.52%5.18%9.79%7.99%6.55%2.83%7.68%4.01%9.20%2.23%5.93%
Other Income0.110.101.110.370.050.030.260.152.881.381.891.67
Interest2.032.572.211.971.901.861.342.452.302.402.162.11
Depreciation0.780.880.680.740.680.560.580.610.770.851.020.75
Profit before tax2.103.092.985.264.022.920.832.402.654.750.863.29
Tax %44.76%18.77%3.69%30.23%28.61%33.22%-112.05%25.83%31.32%27.58%18.60%38.91%
Net Profit1.152.522.863.672.871.941.761.781.823.450.702.01
EPS in Rs0.120.270.300.380.290.190.180.180.180.340.070.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales538548384343376231250306335329308315
Expenses518528369328358222235286314306290298
Operating Profit21201615189152021231816
OPM %3.8%3.6%4.1%4.3%4.8%3.9%6%6%6%7%6%5%
Other Income111112002168
Interest10976776898109
Depreciation333333433333
Profit before tax9967916910131112
Tax %37%38%35%36%27%-21%25%39%21%21%27%
Net Profit6645614681088
EPS in Rs0.590.590.410.470.670.150.450.600.841.030.780.78
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-5%6%0%-2%
Compounded Profit Growth-2%28%-5%-4%
Stock Price CAGR-7%1%-8%-13%
Return on Equity4%4%4%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital50505050505050505095100100
Reserves17232832374345495599119127
Borrowings74788354727686101119103106124
Other Liabilities221615182330161820202021
Total Liabilities163167177154182199196218243317345372
Fixed Assets15181819201714131413824
CWIP000000000040
Investments000000000559
Other Assets148149158135162183183205230299327340
Total Assets163167177154182199196218243317345372
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12-234-13-4-11-10-14-46-21-9
Cash from Investing Activity-2-7-3-3-4-00-2-3-6-2-16
Cash from Financing Activity245-30194101518651719
Net Cash Flow0-0011-002013-6-6
Free Cash Flow-1-5-531-17-4-11-13-18-48-23-21
CFO/OP20%26%7%228%-68%-8%-118%-55%-58%-206%-81%-38%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days78818493117112165154138131138154
Inventory Days
Days Payable
Cash Conversion Cycle78818493117112165154138131138154
Working Capital Days333539616669116116119178209235
ROCE %12%13%11%9%8%10%5%6%8%7%7%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.68%52.68%52.68%52.30%54.19%54.19%54.19%54.19%54.19%54.19%54.19%56.16%
FIIs0.00%0.04%0.15%0.12%0.01%0.04%0.00%0.00%0.02%0.00%0.00%0.00%
Public47.32%47.29%47.17%47.58%45.79%45.77%45.81%45.82%45.79%45.80%45.81%43.83%
No. of Shareholders18,70731,25433,08236,11346,23848,70047,79446,71445,72544,17142,90942,243

Fundamentals

Market Cap₹ 188 Cr.
Current Price₹ 18.1
Stock P/E23.6
Book Value₹ 22.7
ROCE5.49 %
ROE2.15 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-4%
Standalone figures.
Valuation
Market capRs 184 Cr
Enterprise valueRs 299 Cr
P/E (TTM)23.07x
Price to book0.81x
Price to sales0.59x
EV / EBITDA12.50x
EV / EBIT14.57x
EV / sales0.95x
Earnings yield4.33%
P/E, 3-year average21.04x
P/B, 3-year average0.88x
P/E, 5-year average22.60x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)5.79%
Operating margin (incl. other income)7.83%
EBITDA margin7.60%
Pre-tax margin3.67%
Net profit margin2.54%
Net margin, latest quarter2.66%
ROE3.47%
ROCE6.18%
ROA2.16%
ROE, 3-year average4.60%
ROCE, 3-year average6.79%
ROA, 3-year average2.71%
ROE, 5-year average4.77%
ROCE, 5-year average6.98%
ROA, 5-year average2.54%
ROIC (approx.)4.36%
Tax rate27.37%
Other income / net worth2.78%
Growth
Sales growth (latest year)-6.29%
Profit growth (latest year)-24.39%
Sales CAGR, 3 years0.22%
Sales CAGR, 5 years5.96%
Profit CAGR, 3 years10.33%
Profit CAGR, 5 years40.21%
Sales growth QoQ-21.46%
Profit growth QoQ187.14%
Sales growth YoY (latest quarter)9.38%
Profit growth YoY (latest quarter)12.92%
Per share
EPS (TTM)Rs 0.80
EPS (latest year)Rs 0.78
EPS (latest quarter)Rs 0.20
EPS, 3-year averageRs 0.88
EPS, 5-year averageRs 0.93
Book value per shareRs 22.70
Sales per shareRs 31.45
Cash flow per shareRs -0.90
Free cash flow per shareRs -2.10
Efficiency
Asset turnover0.83x
Fixed asset turnover12.96x
Debtor days154 days
Debtors turnover2.37x
Cash conversion cycle154 days
Working capital days235 days
Leverage
Total debtRs 124 Cr
Cash and bankRs 10 Cr
Net debtRs 115 Cr
Debt to equity0.55x
Net debt / EBITDA4.80x
Interest coverage2.29x
Owners' fund to total sources60.96%
Debt to assets33.40%
Cash flow
Cash from Operating Activity (latest year)Rs -9 Cr
Cash from Investing Activity (latest year)Rs -16 Cr
Cash from Financing Activity (latest year)Rs 19 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs -21 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years-2.78x
Statement figures
Net sales (TTM)Rs 315 Cr
Net sales (latest year)Rs 308 Cr
Sales (latest quarter)Rs 76 Cr
Operating profit excl. other income (latest year)Rs 18 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 24 Cr
PBDT (TTM)Rs 15 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 262 Cr
Total expenditure (latest year)Rs 290 Cr
Total income (latest year)Rs 314 Cr
Share capitalRs 100 Cr
ReservesRs 127 Cr
Shareholders' fundsRs 227 Cr
Total assetsRs 372 Cr
Net blockRs 24 Cr
InvestmentsRs 9 Cr
ReceivablesRs 130 Cr
Other liabilitiesRs 21 Cr
Shares outstanding (crore)10.00
Ownership
Promoter holding56.16% (+1.97 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 23.1 is at the 38th percentile of its own 9.4-year range (median 30.3, low 7.7, high 227.3).
P/B 0.81 is at the 18th percentile (median 1.45).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNECCLTDNifty 50Difference
1 week-5.1%-2.8% -2.3 pts
1 month+14.3%-6.8% +21.1 pts
3 months+10.0%-7.6% +17.7 pts
6 months+70.9%+0.4% +70.5 pts
1 year-13.0%-9.9% -3.1 pts
2 years-41.2%-13.6% -27.7 pts
3 years-20.0%+14.2% -34.1 pts
5 years+0.1%+27.9% -27.8 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -294% of net profit over the last 3 years
lookProfit leans on other income Other income was 59% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-08-04: North Eastern Carrying Corporation Limited has informed the Exchange regarding Change in Auditors of the company.
lookRegulator order or action Regulator order or action 2025-12-03: North Eastern Carrying Corporation Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹76 Cr +9.4% vs Jun 2025. Net profit ₹2 Cr +12.9%.
Against our estimate for Jun 2026: sales +10.5%, profit +14.1% in line. Our estimate for Sep 2026: sales Rs 77 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-08Annual General Meeting
2023-06-02Rights 9:10 @ Premium Rs 8/-
2022-09-22Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-22 Annual General Meeting
DateTypeWhat it says
2026-10-01General UpdatesGeneral Updates - Allotment of one Crores Convertible Warrants to Mr. Sunil Kumar Jain, Promoter of the Company
2026-10-01Board meeting outcomeOutcome of Board Meeting held on October 01, 2026.
2026-09-30Order winBagging/Receiving of orders/contracts
2026-09-11Shareholder meetingVoting results.
2026-09-10Shareholder meetingProceedings of Annual General Meeting held on September 10, 2026
2026-09-03General UpdatesGeneral Updates - clarification in relation to Annual General Meeting Notice circulated on August 14, 2026 and Corrigendum issued thereto.
2026-09-03General UpdatesGeneral Updates - Disclosure under Reg. 7(2)(b) of SEBI(PIT) Regulations, 2015
2026-08-29General UpdatesGeneral Updates
2026-08-25Shareholder meetingCorrigendum to the Notice of Annual General Meeting to be held on September 10, 2026
2026-08-21Record DateRecord date for the purpose of Annual General Meeting is 03-Sep-2026.
2026-08-14Shareholder meetingNotice of Annual General Meeting to be held on September 10, 2026
2026-08-11Issue of SecuritiesIssue of convertible warrants (Securities)
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-05Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-04Change in AuditorsChange in Auditors of the company.
2026-08-04Change in ManagementChange in Management (Re-appoitment of Mr. Sunil Kumar Jain, Chairman & Managing Director & Mr. Utkarsh Jain, asWhole Time Director)
2026-08-04Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-04Board meeting outcomePursuant to the Regulations 30 of SEBI Listing Regulations 2015, this is to inform you that the Board of Directors at its meeting held on Tuesday, Aug...
2026-07-09Regulatory actionAction(s) initiated or orders passed by the Securities Appellate Tribunal (SAT), Mumbai
2026-07-02AcquisitionAcquisition by Mr. Utkarsh Jain, Promoter & Director of the Company in SG Green Logistics Private Limited in his Individual Capacity.
2026-06-12General UpdatesChange in Corporate Identification Number (CIN) of the Company.
2026-06-08Shareholder meetingWith copy of minutes of Postal Ballot - Concluded on May 16, 2026
2026-06-08General UpdatesDisclosure under Regulations 7(2) of SEBI (PIT) Regulations, 2015
2026-06-06General UpdatesAllotment of Equity Shares
2026-06-06Board meeting outcomeOutcome of Board Meeting held on Jun 06, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of North Eastern Carrying Corporation Ltd?

North Eastern Carrying Corporation Ltd (NECCLTD) has a market capitalisation of Rs 188 Cr. at the 2026-10-01 close.

What is the P/E ratio of North Eastern Carrying Corporation Ltd?

North Eastern Carrying Corporation Ltd trades at a P/E of 23.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were North Eastern Carrying Corporation Ltd's latest quarterly results?

In the Jun 2026 quarter, North Eastern Carrying Corporation Ltd sales was Rs 76 Cr (+9.4% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of North Eastern Carrying Corporation Ltd?

The 52-week high is Rs 24.01 and the 52-week low is Rs 10.55.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03