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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
NCL Industries Limited is engaged in the business of manufacturing and selling of cement, ready mix concrete (RMC), cement bonded particle boards (CBPB), doors, and operates two small hydropower (SHP) projects. Its Nagarjuna Cement is available in various grades of Ordinary…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history — but flagged on governance.
NCL Industries is scored on the general / industrial framework. It keeps a slim 6.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.52× reported profit. It throws off free cash worth 5.0% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -4%/yr and profit at 29%/yr. Book value has grown 7%/yr. Return on equity is a healthy 13.9%. In the latest quarter profit fell 59% versus the prior quarter.
At 8× earnings, the stock sits at the 3rd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-4%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Share count up 25% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 8.01 | 12.16 | better |
| P/B | 0.79 | 1.83 | better |
| EV/EBITDA | 5.64 | 11.56 | better |
| ROE | 13.95 | — | — |
| ROCE | 13.39 | — | — |
| ROA | 5.88 | — | — |
| Quick Ratio | 0.74 | 1.02 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Ultratech Cement | 41.5 | 5.0 | 12.0% |
| Ambuja Cements | 30.7 | 1.6 | 8.0% |
| Shree Cement | 57.0 | 3.8 | 6.6% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (29% vs -4%) — margin expansion is at work. The latest year saw a +279% swing — check if it's a one-off or structural.
Operating margin has expanded from 6% to 9% — the business is keeping more of each rupee earned.
ROE at 13% — a respectable return on shareholder capital. Capital efficiency improving — ROE up 7pp across the window.
31% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.5× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 15% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 8% above earlier ones.
Profit fell 59% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 42.5% — dispersed ownership; institutional flows drive the stock. Promoters added 1.5pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.