NCL Industries Limited (NCLIND) Fair Value & Analysis
Basic Materials · IN · Market cap ₹8.7B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price +4.2% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹149.36 – ₹231.98 · fair‑value band ₹187.08 – ₹448.14 · the ₹191.68 price screens below the ₹321.70 fair value. As of Jul 3, 2026.
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NCL Industries Limited (NCLIND) currently trades at ₹191.68, while our model-based Fair Value estimate is ₹321.70 — implying the stock looks roughly 67.8% undervalued today. We read business quality at 61/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, NCL Industries Limited generated revenue of ₹14.2B at a net margin of 6.7%. Revenue grew 62.2% year over year. It earns a return on equity of 13.8%. Net debt stands at ₹2.3B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
NCL Industries Limited manufactures and sells building materials in India. It operates through five segments: Cement; Boards; Hydel Power; Ready Mix Concrete; and Readymade Doors. The company offers cement, including ordinary Portland, pozzolana Portland, and special cements for small housing, megastructures, and irrigation projects applications under the Nagarjuna brand. It also provides ready mixed concrete under the Nagarjuna RMC brand; cement bonded particleboards under the Bison Panel brand; and readymade doors under the NCLdoor brand. In addition, the company operates two mini-hydel power projects with a total installed capacity of 15.75 MW. The company was formerly known as Nagarjuna Cements Limited and changed its name to NCL Industries Limited in 1987. NCL Industries Limited was incorporated in 1979 and is based in Secunderabad, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
NCL Industries Limited reported revenue of ₹14.2B in FY2026 versus ₹16.3B in FY2022, a compound −3.4%/yr. Reported net income was ₹954M in FY2026, compounding +0.3%/yr from FY2022.
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Similar stocks
6 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $111.25 | $70.25 | -37% |
| Holcim AG HOLN | CHF 77.42 | CHF 35.00 | -55% |
| Heidelberg Materials AG HEI | €185.15 | €157.48 | -15% |
| Vulcan Materials Company VMC | $304.39 | $119.01 | -61% |
| Martin Marietta Materials, Inc MLM | $552.87 | $149.37 | -73% |
| UltraTech Cement Limited ULTRACEMCO | ₹10,912 | ₹4,589 | -58% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.