Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,573 | 2,421 | 2,933 | 2,636 | 2,269 | 2,409 | 3,042 | 2,873 | 2,458 | 2,701 | 3,307 | 3,129 |
| Expenses | 2,243 | 2,011 | 2,443 | 2,293 | 2,050 | 2,151 | 2,491 | 2,354 | 2,091 | 2,318 | 2,719 | 2,560 |
| Operating Profit | 330 | 410 | 491 | 343 | 219 | 258 | 552 | 519 | 367 | 384 | 588 | 568 |
| OPM % | 13% | 17% | 17% | 13% | 10% | 11% | 18% | 18% | 15% | 14% | 18% | 18% |
| Other Income | 6 | 11 | 7 | 5 | 10 | 0 | 4 | 15 | 4 | 3 | -46 | 4 |
| Interest | 140 | 133 | 125 | 127 | 132 | 126 | 113 | 117 | 102 | 99 | 81 | 70 |
| Depreciation | 226 | 231 | 218 | 216 | 215 | 217 | 220 | 215 | 218 | 223 | 228 | 226 |
| Profit before tax | -30 | 57 | 155 | 5 | -118 | -85 | 224 | 202 | 51 | 65 | 233 | 276 |
| Tax % | -105% | 45% | 35% | 44% | -28% | -28% | 26% | 34% | 29% | 24% | 40% | 42% |
| Net Profit | 2 | 31 | 100 | 3 | -85 | -61 | 166 | 133 | 36 | 49 | 141 | 160 |
| EPS in Rs | 0.04 | 0.87 | 2.81 | 0.08 | -2.38 | -1.72 | 4.63 | 3.73 | 1.02 | 1.37 | 3.94 | 4.47 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,157 | 6,094 | 7,052 | 6,793 | 7,489 | 9,318 | 10,586 | 10,733 | 10,357 | 11,338 | 11,594 |
| Expenses | 4,429 | 5,105 | 6,134 | 5,493 | 6,028 | 7,814 | 9,375 | 9,109 | 8,984 | 9,481 | 9,688 |
| Operating Profit | 728 | 989 | 918 | 1,301 | 1,460 | 1,504 | 1,211 | 1,624 | 1,373 | 1,857 | 1,907 |
| OPM % | 14% | 16% | 13% | 19% | 20% | 16% | 11% | 15% | 13% | 16% | 16% |
| Other Income | 11 | 54 | 54 | 33 | 34 | 35 | -393 | 33 | 19 | -25 | -35 |
| Interest | 231 | 425 | 457 | 419 | 664 | 570 | 512 | 533 | 496 | 398 | 351 |
| Depreciation | 313 | 392 | 498 | 528 | 794 | 918 | 951 | 919 | 869 | 884 | 895 |
| Profit before tax | 196 | 226 | 17 | 387 | 36 | 51 | -645 | 206 | 27 | 551 | 625 |
| Tax % | 16% | 30% | 260% | 36% | 171% | 37% | -102% | 28% | 18% | 35% | |
| Net Profit | 166 | 158 | -26 | 249 | -26 | 32 | 16 | 147 | 22 | 360 | 386 |
| EPS in Rs | 3.63 | 10.54 | -1.32 | 10.28 | -0.82 | 0.90 | 0.44 | 4.13 | 0.61 | 10.06 | 10.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 9% | 2% | 9% | ||
| Compounded Profit Growth | % | 101% | -3% | 173% | ||
| Stock Price CAGR | % | -10% | -4% | -21% | ||
| Return on Equity | 2% | 2% | 2% | 4% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 150 | 150 | 200 | 242 | 315 | 357 | 357 | 357 | 357 | 357 |
| Reserves | 3,799 | 3,967 | 4,788 | 5,037 | 7,009 | 8,464 | 8,482 | 8,626 | 8,645 | 8,985 |
| Borrowings | 4,314 | 4,369 | 4,683 | 4,513 | 7,792 | 5,575 | 4,785 | 4,404 | 4,074 | 4,916 |
| Other Liabilities | 3,022 | 3,133 | 3,590 | 3,652 | 4,792 | 5,218 | 5,364 | 5,323 | 5,082 | 6,041 |
| Total Liabilities | 11,285 | 11,619 | 13,262 | 13,444 | 19,907 | 19,615 | 18,988 | 18,710 | 18,158 | 20,299 |
| Fixed Assets | 8,916 | 8,690 | 9,895 | 9,970 | 15,042 | 15,409 | 14,962 | 15,027 | 14,702 | 14,478 |
| CWIP | 143 | 144 | 605 | 647 | 1,240 | 399 | 596 | 488 | 387 | 2,683 |
| Investments | 412 | 844 | 456 | 0 | 384 | 186 | 0 | 1 | 1 | 1 |
| Other Assets | 1,814 | 1,942 | 2,306 | 2,827 | 3,241 | 3,621 | 3,430 | 3,194 | 3,067 | 3,137 |
| Total Assets | 11,285 | 11,619 | 13,262 | 13,444 | 19,907 | 19,615 | 18,988 | 18,710 | 18,158 | 20,299 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 922 | 951 | 860 | 1,025 | 1,717 | 1,221 | 1,711 | 1,593 | 1,329 | 1,485 |
| Cash from Investing Activity | -513 | -602 | -149 | -310 | -2,898 | -190 | -260 | -573 | -337 | -2,500 |
| Cash from Financing Activity | -503 | -387 | -647 | -559 | 1,420 | -1,420 | -1,362 | -1,114 | -913 | 927 |
| Net Cash Flow | -94 | -38 | 65 | 156 | 239 | -390 | 89 | -95 | 79 | -89 |
| Free Cash Flow | 781 | 734 | 279 | 455 | 1,170 | 811 | 1,260 | 1,013 | 978 | 775 |
| CFO/OP | 135% | 105% | 96% | 86% | 120% | 86% | 143% | 101% | 97% | 84% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 25 | 26 | 27 | 22 | 22 | 21 | 20 | 23 | 24 |
| Inventory Days | 114 | 125 | 148 | 179 | 215 | 283 | 215 | 177 | 135 | 128 |
| Days Payable | 234 | 193 | 193 | 233 | 263 | 316 | 348 | 315 | 281 | 282 |
| Cash Conversion Cycle | -88 | -44 | -20 | -27 | -26 | -11 | -113 | -118 | -123 | -130 |
| Working Capital Days | -41 | -113 | -102 | -115 | -161 | -88 | -102 | -102 | -111 | -98 |
| ROCE % | 7% | 5% | 8% | 6% | 4% | 2% | 5% | 4% | 7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.78% | 71.78% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% |
| FIIs | 3.15% | 3.05% | 3.43% | 3.50% | 3.24% | 3.37% | 3.55% | 3.82% | 5.19% | 5.00% | 4.88% | 4.71% |
| DIIs | 19.96% | 19.97% | 18.59% | 18.46% | 18.86% | 19.26% | 19.37% | 19.10% | 18.09% | 18.09% | 18.35% | 18.00% |
| Public | 5.12% | 5.19% | 5.95% | 6.03% | 5.88% | 5.34% | 5.06% | 5.06% | 4.69% | 4.90% | 4.75% | 5.27% |
| No. of Shareholders | 2,39,732 | 2,30,864 | 2,26,804 | 2,19,934 | 2,13,595 | 2,03,217 | 1,97,095 | 1,92,406 | 1,82,725 | 1,82,123 | 1,78,159 | 1,79,030 |
Fundamentals
Market Cap₹ 11,793 Cr.
Current Price₹ 330
Stock P/E28.4
Book Value₹ 262
ROCE6.99 %
ROE4.17 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)173%
Consolidated figures.
Valuation
Market capRs 11,504 Cr
Enterprise valueRs 16,324 Cr
P/E (TTM)29.81x
Price to book1.23x
Price to sales0.99x
EV / EBITDA8.72x
EV / EBIT16.72x
EV / sales1.41x
Price to cash flow7.75x
Earnings yield3.35%
P/E, 3-year average201.83x
P/B, 3-year average1.17x
P/E, 5-year average364.38x
P/B, 5-year average1.30x
Profitability
Operating margin (excl. other income)16.38%
Operating margin (incl. other income)16.16%
EBITDA margin16.14%
Pre-tax margin5.39%
Net profit margin3.33%
Net margin, latest quarter5.11%
ROE3.92%
ROCE6.94%
ROA1.87%
ROE, 3-year average1.94%
ROCE, 3-year average5.45%
ROA, 3-year average0.92%
ROE, 5-year average1.28%
ROCE, 5-year average3.92%
ROA, 5-year average0.60%
ROIC (approx.)4.51%
Tax rate34.65%
Other income / net worth-0.26%
Growth
Sales growth (latest year)9.48%
Profit growth (latest year)1545.38%
Sales CAGR, 3 years2.31%
Sales CAGR, 5 years8.65%
Profit CAGR, 3 years182.97%
Sales growth QoQ-5.38%
Profit growth QoQ13.54%
Sales growth YoY (latest quarter)8.91%
Profit growth YoY (latest quarter)19.98%
Per share
EPS (TTM)Rs 10.81
EPS (latest year)Rs 10.06
EPS (latest quarter)Rs 4.47
EPS, 3-year averageRs 4.93
EPS, 5-year averageRs 3.23
Book value per shareRs 261.58
Sales per shareRs 324.63
Cash flow per shareRs 41.58
Free cash flow per shareRs 21.70
Efficiency
Asset turnover0.56x
Fixed asset turnover0.78x
Inventory turnover6.54x
Inventory days56 days
Debtor days24 days
Debtors turnover15.24x
Creditor days282 days
Cash conversion cycle-130 days
Working capital days-98 days
Leverage
Total debtRs 4,916 Cr
Cash and bankRs 96 Cr
Net debtRs 4,820 Cr
Debt to equity0.53x
Net debt / EBITDA2.58x
Interest coverage2.78x
Current ratio (filing 2026-03-31)0.45x
Quick ratio (filing 2026-03-31)0.31x
Trade payables (filing 2026-03-31)Rs 1,643 Cr
Owners' fund to total sources46.02%
Debt to assets24.22%
Cash flow
Cash from Operating Activity (latest year)Rs 1,485 Cr
Cash from Investing Activity (latest year)Rs -2,500 Cr
Cash from Financing Activity (latest year)Rs 927 Cr
Net Cash Flow (latest year)Rs -89 Cr
Free cash flow (latest year)Rs 775 Cr
FCFE (approx.: FCF + change in debt)Rs 1,617 Cr
Cash from ops / profit, 5 years12.72x
Sales to cash flow7.63x
Statement figures
Net sales (TTM)Rs 11,594 Cr
Net sales (latest year)Rs 11,338 Cr
Sales (latest quarter)Rs 3,129 Cr
Operating profit excl. other income (latest year)Rs 1,857 Cr
Operating profit (latest quarter)Rs 568 Cr
Other income (TTM)Rs -35 Cr
EBITDA (TTM)Rs 1,871 Cr
PBDT (TTM)Rs 1,520 Cr
Profit before tax (TTM)Rs 625 Cr
Tax (latest year)Rs 191 Cr
Net profit (TTM)Rs 386 Cr
Net profit (latest year)Rs 359 Cr
Net profit (latest quarter)Rs 160 Cr
Depreciation (TTM)Rs 895 Cr
Depreciation (latest quarter)Rs 226 Cr
Interest (TTM)Rs 351 Cr
Cost of goods sold (latest year)Rs 4,874 Cr
Total expenditure (latest year)Rs 9,481 Cr
Total income (latest year)Rs 11,314 Cr
Share capitalRs 357 Cr
ReservesRs 8,985 Cr
Shareholders' fundsRs 9,342 Cr
Total assetsRs 20,299 Cr
Net blockRs 14,478 Cr
Capital work in progressRs 2,683 Cr
InvestmentsRs 1 Cr
ReceivablesRs 744 Cr
InventoryRs 745 Cr
Other liabilitiesRs 6,041 Cr
Shares outstanding (crore)35.72
Ownership
Promoter holding72.02% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 29.8 is at the 10th percentile of its own 2.4-year range
(median 84.9, low 26.1, high 389.7).
P/B 1.23 is at the 10th percentile (median 1.41).
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.
| Period | NUVOCO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.9% | -2.8% | -1.1 pts |
| 1 month | -0.2% | -6.8% | +6.6 pts |
| 3 months | -0.1% | -7.6% | +7.5 pts |
| 6 months | +14.6% | +0.4% | +14.2 pts |
| 1 year | -27.2% | -9.9% | -17.2 pts |
| 2 years | -9.6% | -13.6% | +4.0 pts |
| 3 years | -13.4% | +14.2% | -27.6 pts |
| 5 years | -41.0% | +27.9% | -68.9 pts |
62 mutual fund schemes hold about ₹2,049 Cr.
Over three months 11 bought more and 12 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Flexi Cap Fund | 0.49% | 561 | -1% |
| SBI Contra Fund | 0.56% | 267 | +5% |
| SBI Flexicap Fund | 1.07% | 250 | +3% |
| SBI Large & Midcap Fund | 0.42% | 179 | +2% |
| ICICI Pru Multi Asset Allocation Fund | 0.11% | 100 | -9% |
| ICICI Pru Infrastructure Fund | 1.10% | 94 | -12% |
| ICICI Pru Small Cap Fund | 0.81% | 80 | -10% |
| ICICI Pru Small Cap Fund | 0.81% | 77 | -10% |
| HDFC Balanced Advantage Fund | 0.06% | 67 | +5% |
| Tata Infrastructure Fund | 2.03% | 42 | +10% |
| Tata Infrastructure Fund | 2.03% | 41 | +10% |
| Tata Business Cycle Fund | 1.55% | 40 | +22% |
| HDFC Large & Mid Cap Fund | 0.12% | 35 | +2% |
| Quantum Value Fund | 2.79% | 31 | +4% |
| ICICI Pru Large & Mid Cap Fund | 0.09% | 29 | -21% |
| Tata Flexi Cap Fund | 0.71% | 26 | +5% |
| WOC Special Opp Fund | 1.11% | 21 | +21% |
| SBI Comma Fund | 1.55% | 19 | -2% |
| Tata Resources & Energy Fund | 1.24% | 17 | +2% |
| WOC Flexi Cap Fund | 0.17% | 16 | -6% |
| LIC MF Multi Asset Allocation Fund | 1.05% | 11 | +100% |
| WOC Multi Cap Fund | 0.24% | 10 | -7% |
| Quantum ELSS Tax Saver Fund | 2.85% | 6 | +4% |
| Nippon India Nifty Smallcap 250 Index Fund | 0.14% | 5 | +1% |
| Quantum Small Cap Fund | 1.61% | 4 | -4% |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
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 2026Sales ₹3,129 Cr +8.9% vs Jun 2025.
Net profit ₹160 Cr +20.3%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UltraTech Cement Ltd | 319,108 | 37.0 | 12.7 % |
| Grasim Industries Ltd | 210,966 | 36.8 | 8.01 % |
| Ambuja Cements Ltd | 90,882 | 19.3 | 5.61 % |
| Shree Cement Ltd | 79,017 | 48.5 | 10.3 % |
| J K Cements Ltd | 37,278 | 38.2 | 15.1 % |
| Dalmia Bharat Ltd | 30,712 | 28.0 | 7.59 % |
| ACC Ltd | 22,583 | 11.9 | 11.2 % |
| The Ramco Cements Ltd | 19,949 | 105 | 6.13 % |
| JSW Cement Ltd | 15,349 | 19.5 | 11.1 % |
| India Cements Ltd | 9,412 | 69.7 | 1.24 % |
| Star Cement Ltd | 7,198 | 19.0 | 16.6 % |
| Birla Corporation Ltd | 6,545 | 11.7 | 9.78 % |
| JK Lakshmi Cement Ltd | 6,085 | 15.8 | 12.0 % |
| Prism Johnson Ltd | 5,500 | 46.9 | 5.92 % |
| HeidelbergCement India Ltd | 2,951 | 24.3 | 14.7 % |
No bulk or block deals on record.
No corporate actions on record.
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.