NCL Key Ratios
NSE: NCLIND | BSE: 502168
₹173.52
As on 01-Sep-2026 14:19IST
Market cap
₹788 Cr
Revenue (TTM)
₹1,431 Cr
P/E Ratio
8.5
P/B Ratio
0.8
Div. Yield
2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -14.00 | 2.49 | 3.54 | -4.05 | -1.27 |
| EBIT | -30.19 | -36.18 | 62.34 | -2.51 | -13.26 |
| Net Profit | -73.69 | -20.33 | 203.29 | 24.54 | -3.45 |
| EPS | -58.59 | -14.26 | 182.86 | 13.17 | -8.84 |
| Book Value | -- | -- | 9.55 | 6.89 | 7.18 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 7.45 | 7.02 | 8.19 | 8.88 | 4.69 |
| Net Margin
| 5.52 | 4.65 | 7.97 | 8.46 | 2.46 |
| Return on equity
| 9.73 | 9.71 | 13.48 | 13.76 | 3.99 |
| Return on Capital
| 12.64 | 13.17 | -- | 14.10 | 7.38 |
| Return on Assets
| 5.22 | 5.03 | 7.27 | 7.60 | 2.12 |
| Debt to Equity (x)
| -- | -- | 0.16 | 0.23 | 0.27 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
14.10
|
7.38
|
16.40
|
11.18
|
|
Peer Median
|
--
|
10.68
|
13.42
|
--
|
--
|
ROE
13.48
Higher than Peers by 6.85
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
13.48
|
13.76
|
3.99
|
11.52
|
5.86
|
|
Peer Median
|
6.63
|
8.97
|
11.48
|
--
|
--
|
ROA
7.27
Higher than Peers by 3.49
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
7.27
|
7.60
|
2.12
|
5.97
|
2.89
|
|
Peer Median
|
3.77
|
4.43
|
4.41
|
--
|
--
|
EBIT Margin
8.19
Lower than Peers by 0.07
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
8.19
|
8.88
|
4.69
|
8.78
|
4.86
|
|
Peer Median
|
8.26
|
8.36
|
7.35
|
--
|
--
|
Net Margin
7.97
Higher than Peers by 2.21
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
7.97
|
8.46
|
2.46
|
5.58
|
2.15
|
|
Peer Median
|
5.77
|
6.55
|
6.22
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
10.77
|
5.59
|
7.18
|
4.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
3.54
Lower than Peers by 2.28
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
3.54
|
4.40
|
-17.12
|
-19.62
|
-0.07
|
|
Peer Median
|
5.82
|
8.66
|
-4.04
|
--
|
--
|
EBIT Growth
62.34
Higher than Peers by 44.12
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
62.34
|
97.54
|
-55.70
|
45.28
|
-38.17
|
|
Peer Median
|
18.22
|
23.44
|
-29.24
|
--
|
--
|
Net Profit Growth
203.29
Higher than Peers by 187.48
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
203.29
|
263.36
|
-63.47
|
110.49
|
-53.06
|
|
Peer Median
|
15.82
|
32.37
|
-30.83
|
--
|
--
|
EPS Growth
182.86
Higher than Peers by 167.41
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
182.86
|
278.58
|
-72.97
|
118.69
|
-54.48
|
|
Peer Median
|
15.46
|
30.28
|
-34.21
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
9.55
|
1.08
|
10.29
|
3.92
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.16
Lower than Peers by 0.04
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
0.16
|
0.23
|
0.27
|
0.23
|
0.35
|
|
Peer Median
|
0.20
|
0.43
|
0.48
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
0.03
|
0.03
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.13
Higher than Peers by 0.10
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
1.13
|
1.11
|
1.14
|
1.32
|
1.26
|
|
Peer Median
|
1.02
|
1.00
|
1.07
|
--
|
--
|
Quick Ratio
0.63
Lower than Peers by 0.04
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
0.63
|
0.67
|
0.54
|
0.83
|
0.85
|
|
Peer Median
|
0.67
|
0.81
|
0.75
|
--
|
--
|
Interest Coverage
7.01
Higher than Peers by 3.23
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
7.01
|
7.63
|
3.54
|
7.08
|
4.39
|
|
Peer Median
|
3.77
|
3.96
|
3.68
|
--
|
--
|
Operating Efficiency
Debtors to sales
8.27
Higher than Peers by 2.00
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
8.27
|
8.32
|
9.97
|
8.68
|
6.93
|
|
Peer Median
|
6.26
|
6.15
|
6.37
|
--
|
--
|
Asset Turnover
0.89
Higher than Peers by 0.20
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
0.89
|
1.02
|
0.98
|
1.33
|
1.51
|
|
Peer Median
|
0.69
|
0.75
|
0.66
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
27.88
|
32.21
|
24.94
|
24.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
43.46
|
49.18
|
28.65
|
21.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
155.56
|
158.80
|
109.83
|
129.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
--
|
-84.22
|
-77.42
|
-56.24
|
-82.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
8.52
Lower than Peers by 23.56
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
8.52
|
7.04
|
32.73
|
8.95
|
18.90
|
|
Peer Median
|
32.07
|
30.13
|
53.29
|
--
|
--
|
Price / Book Value
0.82
Lower than Peers by 1.08
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
0.82
|
0.71
|
0.96
|
0.98
|
1.05
|
|
Peer Median
|
1.91
|
2.01
|
2.57
|
--
|
--
|
Dividend Yield
2.01
Higher than Peers by 1.62
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
2.01
|
2.36
|
1.65
|
2.17
|
1.68
|
|
Peer Median
|
0.39
|
0.39
|
0.24
|
--
|
--
|
EV/EBITDA
4.79
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
4.79
|
3.93
|
7.22
|
4.30
|
6.18
|
|
Peer Median
|
--
|
25.34
|
22.85
|
--
|
--
|
Market Cap
788
Lower than Peers by 10,686
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
NCL
|
788
|
672
|
825
|
835
|
806
|
|
Peer Median
|
11,474
|
11,435
|
10,274
|
--
|
--
|