Skip to main content
Swing Capital

North Eastern Carrying Corporation Ltd

NSE: NECCLTD BSE: 534615Logistics

Incorporated in 1984, North Eastern Carrying Corporation Ltd is in the business of Transportation[1]

₹15
52W: ₹10.4 — ₹27.3
PE 17 · Book ₹22.6 · -34% vs book
Market Cap₹150 Cr
Stock P/E17Price to Earnings
ROCE6.67%Return on Capital
ROE4.97%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.67 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -2.66% over past five years.
  • −Company has a low return on equity of 5.07% over last 3 years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters54.19%
FIIs0%
DIIs0%
Public45.81%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters52.3%54.19%▲1.954.19%54.19%54.19%54.19%54.19%54.19%
FIIs0.12%0.01%▼0.10.04%▲0.00%▼0.00%0.02%▲0.00%▼0.00%
DIIs0%0%0%0%0%0%0%0%
Public47.58%45.79%▼1.845.77%▼0.045.81%▲0.045.82%▲0.045.79%▼0.045.8%▲0.045.81%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales73.8485.5991.8477.6381.9481.0588.169.170.7571.97
Expenses69.0479.1587.0870.0375.3975.7485.6163.7967.9165.35
Operating Profit4.86.444.767.66.555.312.495.312.846.62
OPM %6.5%7.52%5.18%9.79%7.99%6.55%2.83%7.68%4.01%9.2%
Net Profit1.152.522.863.672.871.941.761.781.823.45
EPS ₹0.120.270.30.380.290.190.180.180.180.34

AI Insights

Revenue Trend

TTM revenue at ₹300Cr, down 8.8% YoY. OPM at 6%.

Debt Position

Borrowings at ₹124Cr. Debt-to-equity ratio: 1.01x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹2Cr (11% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 54.19%.

Margin & Efficiency

ROCE declining from 14% (Mar 2014) to 7% (Mar 2025). Working capital days: 209.

Valuation

PE 17x with 6.67% ROCE. Price is -34% above book value of ₹22.6. Dividend yield: 0%.

Recent Announcements