By Nayan Patel
NCL Industries
BSE Code: 502168
NSE Symbol: NCLIND
Last Close: Rs.40
NCL Industries Ltd., an ISO 9001:2000 company, made its debut in the Indian industrial scene way back in 1983 by setting up a 200 TPD cement plant at Simhapuri in Nalgonda District, Andhra Pradesh. The plant was expanded in stages to 1800 TPD with a split grinding unit at Kondapally. With this, the present capacity increased from 2,97,00 TPA to 6,30,000 TPA. The company has started identifying building materials which are best suited for the Indian construction industry. Several units have been established with proven technologies from Europe. The company is also interested in Construction, Power Generation and Manufacture of Chemicals.
It has an equity of Rs.32.50 cr. and the promoters hold 40.24% stake in the company. It has shown very good results for March 2008 quarter. Net sales jumped 103.77% to Rs.66.98 cr. and PBT jumped 634.22% to Rs.13.73 cr. Due to high tax outgo, its net profit jumped 15.48% to Rs.8.95 cr. On a yearly basis, net sales of the company jumped 29.97% to Rs.192.73 cr. while profit before tax jumped 45.33% to Rs.42.93 cr. The company has recorded an EPS of Rs.9.32 on a yearly basis. At current levels, the stock is available at P/E ratio of just 4.3. The company has declared 25% dividend for this year compared to 20% last year. At current levels, the stock looks safe for investors and is available with an attractive dividend yield. Buy at every decline with stop loss of Rs.37. On the upper side, the stock can go up to Rs.52 level in a short time and to Rs.65 level in the medium-term. Its 52-week high/low is Rs.94.50/34.75.
NCL Industries
BSE Code: 502168
NSE Symbol: NCLIND
Last Close: Rs.40
NCL Industries Ltd., an ISO 9001:2000 company, made its debut in the Indian industrial scene way back in 1983 by setting up a 200 TPD cement plant at Simhapuri in Nalgonda District, Andhra Pradesh. The plant was expanded in stages to 1800 TPD with a split grinding unit at Kondapally. With this, the present capacity increased from 2,97,00 TPA to 6,30,000 TPA. The company has started identifying building materials which are best suited for the Indian construction industry. Several units have been established with proven technologies from Europe. The company is also interested in Construction, Power Generation and Manufacture of Chemicals.
It has an equity of Rs.32.50 cr. and the promoters hold 40.24% stake in the company. It has shown very good results for March 2008 quarter. Net sales jumped 103.77% to Rs.66.98 cr. and PBT jumped 634.22% to Rs.13.73 cr. Due to high tax outgo, its net profit jumped 15.48% to Rs.8.95 cr. On a yearly basis, net sales of the company jumped 29.97% to Rs.192.73 cr. while profit before tax jumped 45.33% to Rs.42.93 cr. The company has recorded an EPS of Rs.9.32 on a yearly basis. At current levels, the stock is available at P/E ratio of just 4.3. The company has declared 25% dividend for this year compared to 20% last year. At current levels, the stock looks safe for investors and is available with an attractive dividend yield. Buy at every decline with stop loss of Rs.37. On the upper side, the stock can go up to Rs.52 level in a short time and to Rs.65 level in the medium-term. Its 52-week high/low is Rs.94.50/34.75.
