Nuvoco

Mumbai, India Founded: 1999 • Age: 27 yrs Listed
Cement, ready-mix concrete, and modern building materials are distributed.

About Nuvoco

Nuvoco is a publicly listed company based in Mumbai (India) founded in 1999 by Jayakumar Krishnaswamy. Cement, ready-mix concrete, and modern building materials are distributed. The company has 11,410 employees. Nuvoco has completed 3 acquisitions, including Double Bull Cement, Emami Cement and vadrajcementcirp. Its website nuvoco.com draws about 66 thousand monthly visits. Its Indian entity Nuvoco Vistas Corporation Limited reported revenue of β‚Ή11,362 Cr. 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

Nuvoco was founded in 1999 and is headquartered in Mumbai, India. Operations focus on the distribution of cement, ready-mix concrete, and contemporary building materials within the construction sector. Services encompass supply chain management for these products, supporting infrastructure and real estate projects across the country. Leadership is provided by Jayakumar Krishnaswamy as Founder and Managing Director. The company maintains a presence in key regional markets to facilitate material availability.

  • Headquarters Mumbai, India
  • Employees 11,410
  • Founders Jayakumar Krishnaswamy
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Website category Heavy Industry and Engineering · Construction and Maintenance
  • Email
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  • Phone
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  • Website nuvoco.com
  • Social LinkedIn X Facebook
  • Legal Name Nuvoco Vistas Corporation Limited
Key Metrics
  • Market Cap
    ₹11,850 Cr

    NUVOCO · NSE

  • Share Price
    ₹337.70

    +1.78% today

  • Revenue
    ₹11,338 Cr

    FY 2025-26 · +9.5% YoY

  • EBITDA
    ₹1,809 Cr

    Margin 15.9%

  • Net Profit
    ₹382 Cr

    FY 2025-26 · +2117.7% YoY

  • P/E (TTM)
    29.4x

    P/B 1.3x

  • ROE
    3.9%

    ROCE 6.8%

  • Debt / Equity
    0.49

    Interest cover 43.1x

  • Employee Count
    11,410
  • Investments & Acquisitions

Board of directors of Nuvoco Vistas Corporation Limited (Nuvoco)

Nuvoco Vistas Corporation Limited is the primary company behind Nuvoco. The board of Nuvoco Vistas Corporation Limited currently have 6 directors; the longest-serving is Bhavna Gautam Doshi, appointed in 2017. 32 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Bhavna Gautam Doshi
DIN 00400508
Director03 Jan 20179 yrs 9 moNuvoco Vistas Corporation Limited
Kaushikbhai Nandubhai Patel
DIN 00145086
Director09 Nov 20178 yrs 11 moNuvoco Vistas Corporation Limited
Hiren Karsanbhai Patel
DIN 00145149
Director11 Nov 20178 yrs 11 moNuvoco Vistas Corporation Limited
Jayakumar Krishnaswamy
DIN 02099219
Managing Director27 Sep 20188 yrsNuvoco Vistas Corporation Limited
Achal Anil Bakeri
DIN 00397573
Director07 Apr 20215 yrs 6 moNuvoco Vistas Corporation Limited
Shishir Babubhai Desai
DIN 01453410
Director16 Aug 20233 yrs 2 moNuvoco Vistas Corporation Limited

People of Nuvoco

1 people are tracked at Nuvoco (1 in leadership); the tracked headcount is 11,410.

NameRoleGroup
Founder & Managing DirectorLeadership
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Complete people profiles for Nuvoco

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  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Nuvoco

Nuvoco is a publicly listed company on the NSE with ticker symbol NUVOCO 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 date23 Aug 2021
  • Listed onBOM: 543334 · NSE: NUVOCO
  • Listed entityNuvoco Vistas Corporation Limited
  • Exchange sectorNon-energy minerals
  • ISININE118D01016
  • Share price₹320.70 (+0.53% on the day) · 2026-10-14
  • Market capitalisation₹11,391 Cr
  • Price to earnings29.7
  • EPS (diluted, trailing year)₹10.81
  • Volume (last session)97,003

Financials of Nuvoco

Exchange-reported figures of Nuvoco Vistas Corporation Limited, the listed company behind Nuvoco (NSE: NUVOCO).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹11,338 Cr
+9.5% YoY
EBITDA
₹1,809 Cr
+31.8% YoY
Profit After Tax
₹382 Cr
+2117.7% YoY
Net Worth
₹9,342 Cr
+3.8% YoY
Total Assets
₹15,424 Cr
+15.7% YoY
Total Debt
₹4,916 Cr
+20.7% 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
Revenue11,33810,35710,73310,5869,3187,4896,793
Revenue growth+9.5%-3.5%+1.4%+13.6%+24.4%+10.2%-
EBITDA1,8091,3721,6248051,5021,4601,297
EBITDA margin+16.0%+13.3%+15.1%+7.6%+16.1%+19.5%+19.1%
Profit before tax55126.51206(645)50.9036.50387
Net profit38217.2314341831.71(12.40)239
Net profit margin+3.4%+0.2%+1.3%+4.0%+0.3%-0.2%+3.5%
EPS (β‚Ή)10.060.614.130.440.90(0.82)10.28
Balance sheet
Total assets15,42413,32813,66413,89614,56515,2619,915
Net worth9,3429,0028,9848,8398,8217,3245,279
Total debt4,9164,0744,4044,7855,5757,7924,513
Cash & bank96.26182107203149528511
Net working capital(1,275)(1,407)(1,518)(1,378)(788)(637)(80.48)
Cash flow
Cash from operations1,4851,3291,5931,7111,2211,7171,025
Cash from investing(2,500)(337)(573)(260)(190)(2,898)(310)
Cash from financing927(913)(1,114)(1,362)(1,420)1,420(559)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,1293,3072,7012,4582,8733,0422,4092,269
Revenue growth (YoY)+8.9%+8.7%+12.1%+8.3%+9.0%---
Other income3.612.622.763.8814.804.320.1610.43
EBITDA568539384367519552258219
EBITDA margin+18.2%+16.3%+14.2%+14.9%+18.1%+18.1%+10.7%+9.6%
Depreciation226228223218215220217215
Interest70.2880.9598.65102117113126132
Profit before tax27623364.5451.18202224(84.71)(118)
Tax11692.3915.1714.7568.4458.23(23.34)(32.47)
Net profit16014149.3736.43133166(61.37)(85.17)
EPS (β‚Ή)4.473.941.381.023.734.63(1.72)(2.88)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,7628,7258,9398,5827,3425,8056,793
Revenue growth+11.9%-2.4%+4.2%+16.9%+26.5%-14.5%-
EBITDA1,3291,0011,1005811,0381,1201,297
EBITDA margin+13.6%+11.5%+12.3%+6.8%+14.1%+19.3%+19.1%
Profit before tax39242.16208(370)10199.49387
Net profit26538.0614932452.6821.26236
Net profit margin+2.7%+0.4%+1.7%+3.8%+0.7%+0.4%+3.5%
EPS (β‚Ή)7.281.134.282.521.540.7210.28
Balance sheet
Total assets13,54912,18412,50712,58412,76613,1739,029
Net worth9,4319,1739,1358,9848,8937,3725,279
Total debt3,8922,7933,1293,3593,7285,6803,593
Cash & bank79.3116285.3718092.67443511
Net working capital(724)(919)(916)(806)(617)(490)(967)
Cash flow
Cash from operations1,0411,1001,0481,0238351,3861,028
Cash from investing(1,595)(255)(410)(135)(209)(3,799)(313)
Cash from financing471(768)(733)(774)(981)2,575(559)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6922,8362,3782,1432,4042,5342,0171,971
Revenue growth (YoY)+12.0%+12.0%+17.9%+8.7%+9.2%---
Other income23.9819.2524.3837.9423.133.131.587.69
Total expenses2,3042,4612,0561,8632,0532,1531,8361,805
EBITDA388375322280352381181166
EBITDA margin+14.4%+13.2%+13.5%+13.1%+14.6%+15.0%+9.0%+8.4%
Depreciation165164163165150158155156
Interest91.1996.0710610790.4779.8288.7094.62
Profit before tax15613477.0146.50134146(60.55)(76.59)
Tax57.1954.0020.8013.9742.7330.49(16.40)(24.01)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,1293,3072,7012,4582,8733,0422,4092,269
Revenue growth (YoY)+8.9%+8.7%+12.1%+8.3%+9.0%---
Other income3.612.622.763.8814.804.320.1610.43
EBITDA568539384367519552258219
EBITDA margin+18.2%+16.3%+14.2%+14.9%+18.1%+18.1%+10.7%+9.6%
Depreciation226228223218215220217215
Interest70.2880.9598.65102117113126132
Profit before tax27623364.5451.18202224(84.71)(118)
Tax11692.3915.1714.7568.4458.23(23.34)(32.47)
Net profit16014149.3736.43133166(61.37)(85.17)
EPS (β‚Ή)4.473.941.381.023.734.63(1.72)(2.88)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11,33810,35710,73310,5869,3187,4896,793
Revenue growth+9.5%-3.5%+1.4%+13.6%+24.4%+10.2%-
Other income24.0619.4333.4913.2137.2233.8436.71
Total expenses9,5308,9859,1099,7827,8166,0285,496
Employee cost723676682606580482405
EBITDA1,8091,3721,6248051,5021,4601,297
EBITDA margin+16.0%+13.3%+15.1%+7.6%+16.1%+19.5%+19.1%
Depreciation884869919951918794528
Interest398496533512570664419
Profit before tax55126.51206(645)50.9036.50387
Tax1914.6758.56(661)18.8262.45138
Net profit38217.2314341831.71(12.40)239
Net profit margin+3.4%+0.2%+1.3%+4.0%+0.3%-0.2%+3.5%
EPS (β‚Ή)10.060.614.130.440.90(0.82)10.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital357357357357357315242
Reserves & surplus8,9858,6458,6268,4828,4646,5095,037
Shareholders' funds (net worth)9,3429,0028,9848,8398,8217,3245,279
Minority interest8860.000.000.000.000.000.00
Secured loans3,5933,5023,4953,9773,7145,1652,338
Unsecured loans1,3235729088081,8612,6272,175
Total debt4,9164,0744,4044,7855,5757,7924,513
Total liabilities15,42413,32813,66413,89614,56515,2619,915
Assets
Gross block23,39523,00422,74421,90021,50720,29414,501
Net block14,47814,70215,02714,96215,40915,0429,970
Capital work in progress2,6833874885963991,240647
Investments0.830.830.830.051863840.05
Inventories7457629471,0501,068712603
Sundry debtors744660591601571454511
Cash & bank balances96.26182107203149528511
Loans & advances787667710669619434382
Total current assets2,3722,2712,3552,5242,4072,1282,007
Total current liabilities3,6473,6783,8733,9013,1962,7652,087
Net working capital(1,275)(1,407)(1,518)(1,378)(788)(637)(80.48)
Total assets15,42413,32813,66413,89614,56515,2619,915
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17797.8319310349325498.28
Net cash from operating activities1,4851,3291,5931,7111,2211,7171,025
Net cash from investing activities(2,500)(337)(573)(260)(190)(2,898)(310)
Net cash from financing activities927(913)(1,114)(1,362)(1,420)1,420(559)
Net change in cash(88.55)78.83(94.91)89.36(390)239156
Closing cash96.26182107203149528511
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.5%-3.5%+1.4%+13.6%+24.4%+10.2%-
EBITDA growth+31.8%-15.5%+101.8%-46.4%+2.8%+12.6%-
PBT growth+1976.7%-87.1%+9998.0%-+39.5%-90.6%+2231.2%
Net income growth+2117.7%-88.0%-65.8%+1217.5%+355.7%-105.2%-
Revenue CAGR (3Y)+2.3%+3.6%+12.8%+15.9%+9.7%+7.1%+9.6%
EBITDA CAGR (3Y)+31.0%-3.0%+3.6%-14.7%+17.8%+13.9%+22.2%
Profitability & leverage
Net income margin+3.2%+0.2%+1.4%+0.2%+0.3%-0.4%+3.7%
Return on capital employed+6.8%+3.9%+5.4%+1.9%+4.2%+5.5%+8.2%
Return on net worth+3.9%+0.2%+1.7%+4.7%+0.4%-0.2%+4.9%
Debt / equity0.490.470.520.590.830.980.90
Long-term debt / equity0.400.430.480.500.610.680.58
Interest cover43.0798.5975.54-349.3097.6699.6054.50
Efficiency & per share
Fixed asset turnover0.490.450.480.490.450.430.48
Inventory turnover15.0512.1210.759.9910.4711.3911.44
Debtors turnover16.1516.5618.0118.0618.1915.5213.44
EPS (β‚Ή)10.060.614.130.440.90(0.82)10.28
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)261.57252.05251.53247.48246.98216.56217.83
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6922,8362,3782,1432,4042,5342,0171,971
Revenue growth (YoY)+12.0%+12.0%+17.9%+8.7%+9.2%---
Other income23.9819.2524.3837.9423.133.131.587.69
Total expenses2,3042,4612,0561,8632,0532,1531,8361,805
EBITDA388375322280352381181166
EBITDA margin+14.4%+13.2%+13.5%+13.1%+14.6%+15.0%+9.0%+8.4%
Depreciation165164163165150158155156
Interest91.1996.0710610790.4779.8288.7094.62
Profit before tax15613477.0146.50134146(60.55)(76.59)
Tax57.1954.0020.8013.9742.7330.49(16.40)(24.01)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,7628,7258,9398,5827,3425,8056,793
Revenue growth+11.9%-2.4%+4.2%+16.9%+26.5%-14.5%-
Other income10516.3712097.7911683.4136.70
Total expenses8,4337,7237,8408,0006,3044,6855,496
Employee cost610557557481456404405
EBITDA1,3291,0011,1005811,0381,1201,297
EBITDA margin+13.6%+11.5%+12.3%+6.8%+14.1%+19.3%+19.1%
Depreciation643621644696652587528
Interest399355368353401517419
Profit before tax39242.16208(370)10199.49387
Tax1321.6854.87(461)46.0376.71138
Net profit26538.0614932452.6821.26236
Net profit margin+2.7%+0.4%+1.7%+3.8%+0.7%+0.4%+3.5%
EPS (β‚Ή)7.281.134.282.521.540.7210.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital357357357357357315242
Reserves & surplus9,0748,8168,7788,6278,5366,5575,037
Shareholders' funds (net worth)9,4319,1739,1358,9848,8937,3725,279
Secured loans2,6402,2692,2731,5822,1313,3002,338
Unsecured loans1,2525248561,7761,5962,3801,255
Total debt3,8922,7933,1293,3593,7285,6803,593
Total liabilities13,54912,18412,50712,58412,76613,1739,029
Assets
Gross block17,29717,10616,92516,23615,92014,83514,365
Net block9,7269,97010,15510,06110,3459,7869,867
Capital work in progress91.75101219305144961647
Investments4,3123,5013,5012,2712,4572,5810.05
Inventories538511666707768502603
Sundry debtors815691696607459387506
Cash & bank balances79.3116285.3718092.67443511
Loans & advances618566584533464317387
Total current assets2,0501,9302,0312,0271,7841,6492,007
Total current liabilities2,7742,8492,9482,8332,4022,1392,974
Net working capital(724)(919)(916)(806)(617)(490)(967)
Total assets13,54912,18412,50712,58412,76613,1739,029
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash15780.1917560.2641625498.27
Net cash from operating activities1,0411,1001,0481,0238351,3861,028
Net cash from investing activities(1,595)(255)(410)(135)(209)(3,799)(313)
Net cash from financing activities471(768)(733)(774)(981)2,575(559)
Net change in cash(83.06)77.00(94.88)115(355)162156
Closing cash79.3116285.3718092.67443511
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.9%-2.4%+4.2%+16.9%+26.5%-14.5%-
EBITDA growth+32.7%-9.0%+89.2%-44.0%-7.4%-13.6%-
PBT growth+828.9%-79.7%+9998.0%-+1.7%-74.3%+1904.9%
Net income growth+595.4%-74.4%-54.1%+514.7%+147.8%-91.0%-
Revenue CAGR (3Y)+4.4%+5.9%+15.5%+8.1%+1.4%-2.7%+9.6%
EBITDA CAGR (3Y)+31.7%-1.2%-0.6%-23.5%+4.7%+4.3%+22.2%
Profitability & leverage
Net income margin+2.7%+0.5%+1.7%+1.1%+0.8%+0.4%+3.7%
Return on capital employed+6.2%+3.2%+4.6%+1.7%+3.9%+5.4%+8.6%
Return on net worth+2.8%+0.4%+1.7%+3.6%+0.7%+0.3%+4.9%
Debt / equity0.360.320.360.400.580.730.80
Long-term debt / equity0.230.210.250.290.420.550.57
Interest cover58.1993.2280.71-307.45103.8196.9854.50
Efficiency & per share
Fixed asset turnover0.570.510.540.530.480.400.48
Inventory turnover18.6214.8313.0211.6311.5610.5111.44
Debtors turnover12.9612.5713.7216.1017.3512.9913.50
EPS (β‚Ή)7.281.134.282.521.540.7210.28
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)264.06256.83255.76251.54249.00218.11217.83

Investments & Acquisitions by Nuvoco

Nuvoco has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Double Bull Cement, Emami Cement and vadrajcementcirp.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Corporate insolvency resolution for cement production is managed.
vadrajcementcirp.com0Apr 2025$211.07M
Manufacturer of cement
doublebullcement.comKolkata, India2007Jun 2021β€’β€’β€’β€’
Cement is manufactured by Emami Cement in India.
emamicement.comKolkata, India2007Feb 2020$772.21M
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Timeline of Nuvoco

5 dated milestones of Nuvoco across 26 years, from founding to its latest funding, stage changes and deals.

  1. Founded Nuvoco is founded.
  2. Acquisition Acquires Emami Cement.
  3. Acquisition Acquires Double Bull Cement.
  4. IPO Lists on the stock exchange (IPO).
  5. Acquisition Acquires vadrajcementcirp.

Similar companies to Nuvoco

Nuvoco 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
Manufacturer and supplier of building materials
magicrete.in2008Surat, India$18.13M
AAC blocks, construction chemicals, and precast solutions are manufactured.
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Web traffic of Nuvoco

The website of Nuvoco (nuvoco.com) receives about 65.8K visits a month and ranks #440,979 among all websites worldwide, #5,705 in Construction and Maintenance.

  • Monthly visits
    65.8K

    ▲ 23.5% vs previous month

  • Unique visitors
    16.1K

    per month

  • Global rank
    #440,979

    among all websites

  • Category rank
    #5,705

    Heavy Industry and Engineering · Construction and Maintenance

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Top companies in Building Materials

3 companies that operate in the same segment as Nuvoco (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 Nuvoco

Nuvoco Vistas Corporation: Teams Up With Clean Max Enviro Energy Solutions For 46.4 MW Wind-Solar Hybrid Project In Rajasthan; Aims To Produce 100 MU Yearly And Reduce CO₂ Emissions By 125,485 Tonnes
Exchange Update β€’ 24 days ago
Nuvoco Vistas Corporation: To Host Analyst And Investor Meeting On September 30 At 4 PM.
Exchange Update β€’ 1 month ago
Nuvoco Vistas Corporation: Will Hold Meeting With Analysts/Investors On September 28 At 11 AM.
Exchange Update β€’ 1 month ago
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Frequently Asked Questions about Nuvoco

Nuvoco was founded in 1999.

Nuvoco is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Nuvoco has 11,410 employees.

The primary company behind Nuvoco, Nuvoco Vistas Corporation Limited, reported revenue of β‚Ή11,362 Cr for FY 2026, up 9% year on year.

Nuvoco was founded in 1999 and is headquartered in Mumbai, India. Operations focus on the distribution of cement, ready-mix concrete, and contemporary building materials within the construction sector. Services encompass supply chain management for these products, supporting infrastructure and real estate projects across the country. Leadership is provided by Jayakumar Krishnaswamy as Founder and Managing Director. The company maintains a presence in key regional markets to facilitate material availability.

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

Yes, Nuvoco is publicly traded on NSE under the ticker symbol NUVOCO.

Nuvoco has made 3 acquisitions, including Double Bull Cement, Emami Cement, and vadrajcementcirp.

Nuvoco operates through Nuvoco Vistas Corporation Limited.

The legal entities of Nuvoco currently have 8 directors, including Kaushikbhai Nandubhai Patel, Hiren Karsanbhai Patel, Bhavna Gautam Doshi and others.

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