NCL Industries

Hyderabad, India Founded: 1979 • Age: 47 yrs Listed
Cement, doors, and concrete products are supplied by NCL Industries.

About NCL Industries

NCL Industries is a publicly listed company based in Hyderabad (India) founded in 1979 by K Ramachandra Raju. Cement, doors, and concrete products are supplied by NCL Industries. The company has 999 employees. Its chief executive, as recorded, is Ravi Kalidindi. Its website nclind.com draws about 16 thousand monthly visits. Its Indian entity Ncl Industries Ltd reported revenue of β‚Ή1,992 Cr. NCL Industries offers products and services including Nagarjuna Cement, Ready Mix Concrete, Cement Particle Boards, NCL Doors, and Hydropower Solutions. Its focus areas include Real Estate and Construction, Building Materials, Construction Materials and Diversified. Similar companies include JK Cement, Prism Johnson and Magicrete; 1 of its 3 listed similar companies has raised funding.

Company details

NCL Industries was founded in 1979 and is headquartered in Hyderabad, India. Operations are focused on the building materials sector, where cement, doors, and concrete products are manufactured and supplied. Leadership is provided by founder K Ramachandra Raju and CEO Managing Director Ravi Kalidindi. Distribution occurs primarily within India, supporting construction and infrastructure needs across various projects.

  • Headquarters Hyderabad, India
  • Employees 999
  • Founders K Ramachandra Raju
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
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  • Phone
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  • Website nclind.com
  • Social LinkedIn Facebook YouTube
  • Legal Name Ncl Industries Ltd
Key Metrics
  • Market Cap
    ₹728 Cr

    NCLIND · NSE

  • Share Price
    ₹158.00

    -1.89% today

  • Revenue
    ₹1,961 Cr

    FY 2025-26 · +2.1% YoY

  • EBITDA
    ₹154 Cr

    Margin 7.8%

  • Net Profit
    ₹102 Cr

    FY 2025-26 · +255.7% YoY

  • P/E (TTM)
    5.9x

    P/B 0.8x

  • ROE
    11.4%

    ROCE 13.7%

  • Debt / Equity
    0.27

    Interest cover 21.1x

  • Employee Count
    999

Products & Services of NCL Industries

NCL Industries offers a comprehensive portfolio of products and services, including Nagarjuna Cement, Ready Mix Concrete, Cement Particle Boards, NCL Doors, and Hydropower Solutions.

Nagarjuna Cement
Cement

High-quality cement for construction and building projects.

Ready Mix Concrete
Concrete

Pre-mixed concrete for efficient construction applications.

Cement Particle Boards
Building Materials

Durable boards made from cement and wood for structural uses.

NCL Doors
Doors

Innovative doors for residential and commercial buildings.

Hydropower Solutions
Energy

Hydropower generation for sustainable energy needs.

Apps and channels of NCL Industries

its YouTube channel NCL Industries Limited has 854 subscribers and 17 videos.

NCL Industries Limited
YouTube 854 subscribers 17 videos Film & Animation
Open channel

Videos from NCL Industries

The most watched videos on NCL Industries's YouTube channel, NCL Industries Limited (854 subscribers). Click a video to play it here.

NCL Industries Ltd 40 Years
4.8K views
MAKING
3.3K views
NCL Group Products - 2012
2.4K views
NCL CORPORATE FILM Dec 2022
2.2K views

More on NCL Industries Limited.

Board of directors of Ncl Industries Ltd (NCL Industries)

Ncl Industries Ltd is the primary company behind NCL Industries. The boards of the 3 registered companies of NCL Industries currently have 13 directors; the longest-serving is Kalidindi Ravi, appointed in 2010. 55 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kalidindi Ravi
DIN 00720811
Director04 Nov 201015 yrs 11 moHampi Energy Limited, Tern Distilleries Private Limited, Ncl Industries Ltd
Roopa Bhupatiraju
DIN 01197491
Director30 May 201412 yrs 5 moNcl Industries Ltd
Trevor Aloysius D'cunha
DIN 07207066
Director14 Aug 20206 yrs 2 moNcl Industries Ltd
Kalidas Raghavapudi
DIN 02204518
Director14 Aug 20206 yrs 2 moNcl Industries Ltd
Gautam Kalidindi
DIN 02706060
Director25 Jan 20215 yrs 9 moTern Distilleries Private Limited, Ncl Industries Ltd
Gurunadha Prasad Gnana Venkata Satya Nimmagadda
DIN 07515455
Director25 Jan 20215 yrs 9 moTern Distilleries Private Limited, Ncl Industries Ltd
Narasimha Raju Penmetsa
DIN 01765409
Director04 Apr 20224 yrs 6 moHampi Energy Limited
Pooja Kalidindi
DIN 03496114
Director04 Apr 20224 yrs 6 moHampi Energy Limited, Ncl Industries Ltd
Utkal Bimalkumar Goradia
DIN 08641590
Whole-time director27 Sep 20224 yrs 1 moNcl Industries Ltd
Sekani Puram Subramaniam Krishnan
DIN 00715661
Director09 Aug 20242 yrs 2 moNcl Industries Ltd
Reddy Polam Rajgopal
DIN 00304527
Director09 Aug 20242 yrs 2 moNcl Industries Ltd
Renu Challu
DIN 00157204
Director08 Aug 20251 yr 2 moNcl Industries Ltd
Durga Prasad Subramanyam Anapindi
DIN 00911306
Director22 Jan 20269 moNcl Industries Ltd

People of NCL Industries

2 people are tracked at NCL Industries (2 in leadership); the tracked headcount is 999.

NameRoleGroup
K Ramachandra Raju
FounderLeadership
CEO & Managing DirectorLeadership
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Complete people profiles for NCL Industries

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IPO & Listings of NCL Industries

NCL Industries is a publicly listed company on the NSE with ticker symbol NCLIND in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date03 Apr 2007
  • Listed onNSE: NCLIND
  • Listed entityNCL Industries Ltd
  • Exchange sectorNon-energy minerals
  • ISININE732C01016
  • Share price₹165.90 (+1.44% on the day) · 2026-10-14
  • Market capitalisation₹736 Cr
  • Price to earnings8.1
  • EPS (diluted, trailing year)₹20.45
  • Dividend yield2.16%
  • Volume (last session)7,982

Financials of NCL Industries

Exchange-reported figures of Ncl Industries Ltd, the listed company behind NCL Industries (NSE: NCLIND).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,961 Cr
+2.1% YoY
EBITDA
₹154 Cr
+49.5% YoY
Profit After Tax
₹102 Cr
+255.7% YoY
Net Worth
₹940 Cr
+9.5% YoY
Total Assets
₹1,251 Cr
+4.0% YoY
Total Debt
₹239 Cr
-5.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,9611,9202,1042,0442,0461,7491,184
Revenue growth+2.1%-8.7%+2.9%-0.1%+17.0%+47.7%-
EBITDA154103208149207283140
EBITDA margin+7.8%+5.4%+9.9%+7.3%+10.1%+16.2%+11.9%
Profit before tax10947.5714791.2314622569.18
Net profit10228.7491.3144.0293.2714550.51
Net profit margin+5.2%+1.5%+4.3%+2.2%+4.6%+8.3%+4.3%
EPS (β‚Ή)21.095.5720.619.7920.8632.1611.24
Balance sheet
Total assets1,2511,2031,1581,1591,154994896
Net worth940858849770741665528
Total debt239252218292404320347
Cash & bank10.1321.5653.9240.2310.7268.2918.74
Net working capital158160187180194115160
Cash flow
Cash from operations14586.2018320671.63238106
Cash from investing(108)(111)(59.09)(93.98)(139)(136)(78.50)
Cash from financing(48.89)(4.80)(110)(82.82)10.08(52.36)(30.97)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue344400343345335375341330
Revenue growth (YoY)+2.5%+6.5%+0.4%+4.4%-5.5%---
Other income4.1311.917.647.664.369.025.083.47
EBITDA39.6126.9335.7239.3950.2720.8519.3023.48
EBITDA margin+11.5%+6.7%+10.4%+11.4%+15.0%+5.6%+5.7%+7.1%
Depreciation14.7115.3714.5413.4412.8014.4313.7814.96
Interest5.514.575.004.475.224.545.285.18
Profit before tax23.5218.9023.8229.1436.6110.905.326.81
Tax6.14(23.08)10.589.2416.343.962.344.30
Net profit17.3841.9813.2419.9020.276.942.982.51
EPS (β‚Ή)3.849.812.934.404.481.480.660.56
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,9611,9202,3322,0442,0461,7491,184
Revenue growth+2.1%-17.7%+14.1%-0.1%+17.0%+47.7%-
EBITDA154104209149208284140
EBITDA margin+7.9%+5.4%+9.0%+7.3%+10.2%+16.2%+11.9%
Profit before tax10947.7014892.9415022869.19
Net profit10228.9592.2745.4797.0414850.52
Net profit margin+5.2%+1.5%+4.0%+2.2%+4.7%+8.5%+4.3%
EPS (β‚Ή)21.075.6120.8310.1721.7032.8711.24
Balance sheet
Total assets1,2571,2091,1641,1641,157994896
Net worth946864855775744665528
Total debt239252218292335320347
Cash & bank9.9821.3844.1235.3310.6768.1718.73
Net working capital150153179175230115160
Cash flow
Cash from operations14696.47183208106237106
Cash from investing(108)(111)(64.15)(101)(139)(136)(78.45)
Cash from financing(49.60)(5.47)(110)(82.82)(24.62)(52.03)(30.97)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue344400343345335375341330
Revenue growth (YoY)+2.5%+6.5%+0.4%+4.4%-5.5%---
Other income4.1311.917.647.664.368.444.793.47
Total expenses304372307306285354322307
EBITDA39.6327.1635.8639.3950.2721.4519.8823.53
EBITDA margin+11.5%+6.8%+10.5%+11.4%+15.0%+5.7%+5.8%+7.1%
Depreciation14.6315.2914.4513.3612.7114.3513.6914.88
Interest5.734.755.184.655.395.225.285.18
Profit before tax23.4019.0323.8729.0436.5310.325.706.94
Tax6.16(23.06)10.619.3016.323.902.344.30

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue344400343345335375341330
Revenue growth (YoY)+2.5%+6.5%+0.4%+4.4%-5.5%---
Other income4.1311.917.647.664.369.025.083.47
EBITDA39.6126.9335.7239.3950.2720.8519.3023.48
EBITDA margin+11.5%+6.7%+10.4%+11.4%+15.0%+5.6%+5.7%+7.1%
Depreciation14.7115.3714.5413.4412.8014.4313.7814.96
Interest5.514.575.004.475.224.545.285.18
Profit before tax23.5218.9023.8229.1436.6110.905.326.81
Tax6.14(23.08)10.589.2416.343.962.344.30
Net profit17.3841.9813.2419.9020.276.942.982.51
EPS (β‚Ή)3.849.812.934.404.481.480.660.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,9611,9202,1042,0442,0461,7491,184
Revenue growth+2.1%-8.7%+2.9%-0.1%+17.0%+47.7%-
Other income31.5721.1518.8918.8011.137.912.57
Total expenses1,8071,8171,8961,8961,8391,4661,044
Employee cost71.2468.7966.1460.1856.8250.4042.09
EBITDA154103208149207283140
EBITDA margin+7.8%+5.4%+9.9%+7.3%+10.1%+16.2%+11.9%
Depreciation55.4954.0756.0649.1746.6844.2442.12
Interest20.7022.1724.1426.9225.2121.9931.71
Profit before tax10947.5714791.2314622569.18
Tax13.5222.3753.4446.9551.6979.1018.34
Net profit10228.7491.3144.0293.2714550.51
Net profit margin+5.2%+1.5%+4.3%+2.2%+4.6%+8.3%+4.3%
EPS (β‚Ή)21.095.5720.619.7920.8632.1611.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital45.2345.2345.2345.2345.2345.2345.23
Reserves & surplus895813804725696619483
Shareholders' funds (net worth)940858849770741665528
Minority interest0.000.000.000.000.000.000.00
Secured loans173190159219216187234
Unsecured loans66.0962.4858.6073.01188133112
Total debt239252218292404320347
Total liabilities1,2511,2031,1581,1591,154994896
Assets
Gross block1,5871,3291,3261,2881,0561,028842
Net block1,1219531,0001,006802820695
Capital work in progress2.2914838.5728.2517160.5489.97
Investments0.004.204.415.460.000.000.00
Inventories148248177150129105110
Sundry debtors118136143142118104143
Cash & bank balances10.1321.5653.9240.2310.7268.2918.74
Loans & advances92.5055.8667.9080.4716260.9072.77
Total current assets369461441412419338345
Total current liabilities211301254232225223185
Net working capital158160187180194115160
Total assets1,2511,2031,1581,1591,154994896
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash14.8944.6431.241.9768.2918.7422.38
Net cash from operating activities14586.2018320671.63238106
Net cash from investing activities(108)(111)(59.09)(93.98)(139)(136)(78.50)
Net cash from financing activities(48.89)(4.80)(110)(82.82)10.08(52.36)(30.97)
Net change in cash(11.58)(29.75)13.4029.24(57.57)49.55(3.64)
Closing cash10.1321.5653.9240.2310.7268.2918.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+2.1%-8.7%+2.9%-0.1%+17.0%+47.7%-
EBITDA growth+49.5%-50.6%+40.0%-28.2%-26.9%+101.4%-
PBT growth+128.9%-67.6%+60.8%-37.5%-35.0%+224.6%+13.2%
Net income growth+255.7%-68.5%+107.4%-52.8%-35.6%+186.9%-
Revenue CAGR (3Y)-1.4%-2.1%+6.4%+20.0%+17.2%--
EBITDA CAGR (3Y)+1.1%-20.8%-9.7%+1.9%+14.7%--
Profitability & leverage
Net income margin+4.9%+1.3%+4.4%+2.2%+4.6%+8.3%+4.3%
Return on capital employed+13.7%+7.2%+14.8%+10.2%+16.0%+26.1%+11.6%
Return on net worth+11.4%+3.4%+11.5%+5.9%+13.4%+24.4%+9.9%
Debt / equity0.270.280.320.460.520.560.66
Long-term debt / equity0.170.170.220.320.370.340.34
Interest cover21.1245.6315.8927.1015.749.2232.25
Efficiency & per share
Fixed asset turnover1.351.451.611.741.961.871.48
Inventory turnover9.909.0312.8814.6817.4916.2912.19
Debtors turnover15.4313.7914.8115.7618.4514.148.06
EPS (β‚Ή)21.095.5720.619.7920.8632.1611.24
Dividend per share (β‚Ή)3.503.004.003.003.004.002.50
Book value per share (β‚Ή)207.86189.74187.72170.20163.78146.95116.83
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue344400343345335375341330
Revenue growth (YoY)+2.5%+6.5%+0.4%+4.4%-5.5%---
Other income4.1311.917.647.664.368.444.793.47
Total expenses304372307306285354322307
EBITDA39.6327.1635.8639.3950.2721.4519.8823.53
EBITDA margin+11.5%+6.8%+10.5%+11.4%+15.0%+5.7%+5.8%+7.1%
Depreciation14.6315.2914.4513.3612.7114.3513.6914.88
Interest5.734.755.184.655.395.225.285.18
Profit before tax23.4019.0323.8729.0436.5310.325.706.94
Tax6.16(23.06)10.619.3016.323.902.344.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,9611,9202,3322,0442,0461,7491,184
Revenue growth+2.1%-17.7%+14.1%-0.1%+17.0%+47.7%-
Other income31.5720.2718.2119.2311.136.592.57
Total expenses1,8071,8162,1231,8951,8381,4651,044
Employee cost71.2468.7366.0560.0856.6950.2842.09
EBITDA154104209149208284140
EBITDA margin+7.9%+5.4%+9.0%+7.3%+10.2%+16.2%+11.9%
Depreciation55.1553.7255.7248.4944.5240.8842.12
Interest21.4122.8424.1426.9225.2121.6631.71
Profit before tax10947.7014892.9415022869.19
Tax13.6222.3153.4446.9551.6979.1018.34
Net profit10228.9592.2745.4797.0414850.52
Net profit margin+5.2%+1.5%+4.0%+2.2%+4.7%+8.5%+4.3%
EPS (β‚Ή)21.075.6120.8310.1721.7032.8711.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital45.2345.2345.2345.2345.2345.2345.23
Reserves & surplus901819810730699620483
Shareholders' funds (net worth)946864855775744665528
Secured loans173190159219266187234
Unsecured loans66.0962.4858.6073.0168.94133112
Total debt239252218292335320347
Total liabilities1,2571,2091,1641,1641,157994896
Assets
Gross block1,5521,2951,2921,2641,0041,028842
Net block1,091922969986773789695
Capital work in progress2.2914838.5728.2517160.5489.91
Investments46.2450.4450.6535.4650.2230.010.01
Inventories148248177150129105110
Sundry debtors118136143142171104143
Cash & bank balances9.9821.3844.1235.3310.6768.1718.73
Loans & advances92.3955.8067.1177.6714260.9172.83
Total current assets369461431404453338345
Total current liabilities219308251229223223185
Net working capital150153179175230115160
Total assets1,2571,2091,1641,1641,157994896
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash14.7134.8426.341.9268.1718.7322.38
Net cash from operating activities14696.47183208106237106
Net cash from investing activities(108)(111)(64.15)(101)(139)(136)(78.45)
Net cash from financing activities(49.60)(5.47)(110)(82.82)(24.62)(52.03)(30.97)
Net change in cash(11.54)(20.14)8.5124.38(57.51)49.45(3.66)
Closing cash9.9821.3844.1235.3310.6768.1718.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+2.1%-17.7%+14.1%-0.1%+17.0%+47.7%-
EBITDA growth+48.0%-50.3%+40.4%-28.5%-26.5%+102.0%-
PBT growth+128.3%-67.7%+58.9%-38.0%-34.2%+229.2%+13.2%
Net income growth+252.8%-68.6%+102.9%-53.1%-34.5%+193.3%-
Revenue CAGR (3Y)-1.4%-2.1%+10.1%+20.0%+17.2%+16.2%+10.9%
EBITDA CAGR (3Y)+1.1%-20.7%-9.7%+2.0%+15.0%+28.4%+6.9%
Profitability & leverage
Net income margin+4.9%+1.3%+4.0%+2.3%+4.8%+8.5%+4.3%
Return on capital employed+13.7%+7.3%+14.8%+10.3%+16.3%+26.4%+11.6%
Return on net worth+11.3%+3.4%+11.6%+6.1%+13.9%+24.9%+9.9%
Debt / equity0.270.270.310.410.470.560.66
Long-term debt / equity0.170.170.220.280.320.340.34
Interest cover21.6845.4315.7226.7515.388.9232.25
Efficiency & per share
Fixed asset turnover1.381.481.821.802.011.871.48
Inventory turnover9.909.0314.2814.6817.4916.2912.19
Debtors turnover15.4313.7916.4113.0914.8914.148.06
EPS (β‚Ή)21.075.6120.8310.1721.7032.8711.24
Dividend per share (β‚Ή)3.502.004.003.003.004.002.50
Book value per share (β‚Ή)209.19191.10189.04171.30164.50146.96116.83

Similar companies to NCL Industries

NCL Industries has 3 listed similar companies in our database, 1 of them funded. They include JK Cement, Prism Johnson and Magicrete.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
jkcement.com1975Kanpur, India4,196
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
prismjohnson.in1992Hyderabad, India108
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magicrete.in2008Surat, India$18.13M
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Web traffic of NCL Industries

The website of NCL Industries (nclind.com) receives about 15.6K visits a month.

  • Monthly visits
    15.6K

    ▼ 41.8% vs previous month

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Top companies in Building Materials

3 companies that operate in the same segment as NCL Industries (Building Materials) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
1975Kanpur, Uttar Pradesh, IndiaUSD 1.44 B11,790
Industrial and decorative paints are manufactured along with related solutions.
1942Mumbai, Maharashtra, IndiaUSD 3.79 B33,600
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions
1960Gurugram, Haryana, India
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Related news about Ncl Industries

NCL Industries: Cement Production And Dispatch Increased 22% YoY In Q2FY27 And 16%/15% In H1FY27, While Cement Board Production Decreased 12% In H1, RMC Sales Fell 18%, And Hydro-Power Generation Dropped 43%.
Exchange Update β€’ 23 days ago
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Frequently Asked Questions about NCL Industries

NCL Industries was founded in 1979.

NCL Industries is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Ravi Kalidindi is the CEO of NCL Industries, as recorded in our data.

NCL Industries has 999 employees.

The primary company behind NCL Industries, Ncl Industries Ltd, reported revenue of β‚Ή1,992 Cr for FY 2026, up 2% year on year.

NCL Industries was founded in 1979 and is headquartered in Hyderabad, India. Operations are focused on the building materials sector, where cement, doors, and concrete products are manufactured and supplied. Leadership is provided by founder K Ramachandra Raju and CEO Managing Director Ravi Kalidindi. Distribution occurs primarily within India, supporting construction and infrastructure needs across various projects.

NCL Industries's top competitors include JK Cement, Prism Johnson and Magicrete.

NCL Industries offers Nagarjuna Cement, Ready Mix Concrete, Cement Particle Boards, NCL Doors, and Hydropower Solutions.

Yes, NCL Industries is publicly traded on NSE under the ticker symbol NCLIND.

NCL Industries is associated with 3 legal entities: Ncl Industries Ltd, Hampi Energy Limited, Tern Distilleries Private Limited.

The legal entities of NCL Industries currently have 16 directors, including Kalidindi Ravi, Narasimha Raju Penmetsa, Pooja Kalidindi and others.

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