Ncl Industries
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2809
Printed Date: 20/Apr/2025 at 5:32pm
Topic: Ncl Industries
Posted By: iaditya
Subject: Ncl Industries
Date Posted: 01/Jun/2010 at 6:52am
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It might make sense to start a thread on NCL indsutries.
Mar09 Mar'8 Mar07 Mar06 Mar05 Income 305 194 148 102 74 EBITDA 75 70 44 17 13 Intrest 19.03 16.92 9.82 5.61 3.88 Tax 13.37 12.29 1.90 2.90 2.66 PAT 29.23 30.30 26.23 4.24 2.49 presently available at 35/share, which translates to a marketcap of 120cr and a ttm pe of 12. company has expanded capacity 3x and has roe of 23% and div yield of 3.5%. |
Replies:
Posted By: basant
Date Posted: 01/Jun/2010 at 7:18am
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What does it do? Some details on the business would add to the analysis. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: bihisello
Date Posted: 01/Jun/2010 at 7:47am
Cement, pre-fabs. A lot of pledged shares. |
Posted By: iaditya
Date Posted: 01/Jun/2010 at 10:10am
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NCL Industries (formerly known as Nagarjuna Cement Limited) operates in four business segments- cement, cement bonded particle boards, prefab structures and hydel power generation. The promoters, Mr. K Ravi, Mr. K Madhu, Mr. GDLSN Raju and Mr. V.V.Goradia together, hold 44% stake in the company. They have been slowly increasing stake in the company (and reducing their pledged shares 60%)
The company has expanded rapidly and expanded its cement capacity to 6.27 lakh TPA and completed capacity expansion of another 13.2 lakh TPA in June 2009, so its total capacity is ~2MMT. Company sells Cement in the south. Cement Board is an innovative building material, which has the strength of cement and workability of wood. The technology for manufacture of this board has been obtained from BISON WERKE, Germany, Bison Panel is made out of 62% of cement, 28% of wood and 10% other chemicals and water. Cement Boards are used in ceilings, partitions, doors and for many other applications. Present capacity of Cement Bonded Wood Particle Board is 30000 TPA. The Company has set up another 50000 TPA capacity in Himachal. NCL developed a unique track & panel system of prefab construction for the first time in India, to suit Indian conditions in the year 1994. NCL has wide range of designs which helps company to secure more orders from institutional customers. NCL's clients for this division include various government and private organisations like Indian Army, CRPF, ITBF, Army of Sri Lanka, Reliance Group, Thermax, L & T and various reputed private sector companies. |
Posted By: iaditya
Date Posted: 01/Jun/2010 at 10:25am
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Leverage Ratios:
Debt to Equity 2.3 Debt to EBITDA 3.8 Inspite of such high debt company pays out high divedends every year. this to me shows conviction in a stock |
Posted By: shadows
Date Posted: 01/Jun/2010 at 10:39am
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i think i have said about this stocks in power and power related stocks. a small south based cement and power company under brand 'nagarjuna'  but a consistence dividend paying company. this may be a range bound play for now....  |
Posted By: iaditya
Date Posted: 01/Jun/2010 at 10:47am
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is it the same company? 60% of income is from cement adn 20% from cement board and 10% from prefabs. I think power income is very small.
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