NCL Industries Ltd (NCLIND) Share Price & Fundamentals

What we do

NCL Industries Ltd is an Indian diversified company primarily engaged in manufacturing and selling cement, ready-mix concrete, cement-bonded particle boards, doors, and hydropower generation.

Founded in

1,979

Market share

Recognized as a growing player with premium cement brand loyalty, expanding capacity and market presence mainly in South India.

Problem solved

Provides durable, quality construction materials meeting growing infrastructure and housing demands.

Top clients or who we serve

B2B and B2C customers in construction and infrastructure sectors, with strong presence in Andhra Pradesh and Telangana.

Key management

K. Ravi (Executive Vice Chairman), K. Gautam (Managing Director), Roopa Bhupatiraju (Executive Director), N.G.V.S.G. Prasad (Executive Director & CFO)

Our journey and innovations

Since 1979, expanded cement capacity from 66,000 to 2.97 million TPA, diversified into particle boards, ready mix concrete, doors, and hydro power.

Where we operate

Operations in Telangana, Andhra Pradesh, Karnataka, Himachal Pradesh; sales mainly in six districts of Andhra Pradesh and surrounding regions.

Top products or what we offer

Cement, Ready Mix Concrete, Cement Bonded Particle Boards, Doors, Small Hydro Power projects.

Top brands

Premium cement brand, high value laminated particle boards, ready mix concrete units at Hyderabad and Visakhapatnam, and readymade doors manufacturing.

Raw materials needed

Limestone, wood particles for boards, natural gas for bone china, raw materials for doors and concrete aggregates.

Raw materials supplier

Local mining leases, including acquisition of limestone mines via Vishwamber Cements Ltd, and various local suppliers for other inputs.

Recurring vs cyclical contribution

Revenue primarily cyclical dependent on construction demand, but steady with diversified product mix including energy segment.

Our industry position

Among the fastest growing small category cement companies; expanding clinker and grinding capacities and product diversification underpin competitive positioning.

Financial highlights

FY2024-25 revenue: Rs 2181.92 crores; Profit after tax: Rs 24.98 crores; faced revenue decline and margin pressure mainly due to market softness.

Geographical revenue split

Major sales in Andhra Pradesh and Telangana with expanding presence in Karnataka and Himachal Pradesh.

Order book

JV order worth Rs 1863 crores for steel window and door frames, with executed orders currently Rs 46 crores.

Whats driving growth

Capacity expansion, acquisitions (Vishwamber Cements), product diversification, energy projects, and infrastructure demand.

Our future plans

Completion of new grinding unit near Visakhapatnam, enhancing plant capacities, and operational improvements in door manufacturing division.

Our green promise

Energy saving projects supported by IREDA, hydel power generation, and emphasis on energy efficient manufacturing practices.

Our people and values

Employs approximately 999 people, fostering leadership diversity and maintaining compliance with workplace safety and inclusion norms.

Key challenges ahead

Market demand softness especially in cement, cost pressures in door division, and managing operational efficiencies amid competitive pressures.

Interesting facts

Only bone china plant in South India fuelled by natural gas; notable energy efficiency awards; recent full acquisition of limestone mine operation.

Risks and strategy

Risks from market downturn and raw material supply; mitigated through diversification, capacity expansions, and energy conservation initiatives.