- Total income
- ₹10,323 Cr
- Profit
- ₹22 Cr

About Nuvoco Vistas Corporation Limited
Data last updated:
Nuvoco Vistas Corporation Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Niyogi Enterprise Private Limited. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 08 February 1999 and has been in existence for over 27 years.
Nuvoco Vistas Corporation is ranked #255 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Achal Anil Bakeri and family are #763 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26940MH1999PLC118229. Its GSTIN is 27AAACL4159L1Z8 (Maharashtra). The company holds 28 GST registrations, of which 25 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543334 and NSE: NUVOCO.
The company has an authorised share capital of ₹8,801.11 Cr and a paid-up capital of ₹357.16 Cr. It was formerly known as Lafarge India Private Limited and Lafarge India Private Limited. It is led by directors including Jayakumar Krishnaswamy (Managing Director) and Kaushikbhai Nandubhai Patel.
Its last annual general meeting (AGM) was held on 31 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Equinox Business Park Tower 3 East Wing 4th Floor Lbs Marg Kurla (West), Mumbai, Maharashtra, India – 400070.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹11,338 Cr, a growth of 9.5% compared to the previous year. For the same year it recorded a net profit of ₹382.11 Cr (net margin 3.4%) and EBITDA of ₹1,808.73 Cr (EBITDA margin 16%). The net worth stands at ₹9,342.32 Cr (up 3.8% YoY). Total assets are valued at ₹15,424 Cr (up 15.7% YoY).
The company has about 3,241 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 4 brands: Bpea Eqt, Double Bull Cement, Lafarge India and Nuvoco. As per MCA filings, the company has open charges of ₹3,605 Cr and satisfied charges of ₹9,585.89 Cr on record. Court records list 1,087 cases involving the company, including 801 filed by the company and 287 filed against it; 254 cases are pending. The company has 21 deals on record (7 market trades, 5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3,692.36 Cr; the latest was in July 2026. Its 5 peer companies in the Manufacturing industry (Cement and Cement Products), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 2 larger and 3 smaller; the largest is Shree Cement Limited with revenue of ₹19,872 Cr. The company has 54 MSME Form 1 returns on record between 2010 and 2024, listing 479 overdue payments to 253 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nuvoco.in.
Company details
Name history
Nuvoco Vistas Corporation has undergone 5 name changes throughout its history. The current legal name is Nuvoco Vistas Corporation Limited.
| Company Name | Status |
|---|---|
| Nuvoco Vistas Corporation Limited | Current |
| Lafarge India Private Limited | Previous |
| Lafarge India Private Limited. | Previous |
| Infra India Cement Private Limited | Previous |
| Infra Cement India Private Limited | Previous |
| Lafarge India Limited | Previous |
CIN history
Nuvoco Vistas Corporation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L26940MH1999PLC118229, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26940MH1999PLC118229 | Current |
| U26940MH1999PTC118229 | Previous |
| U26940MH1999PLC118229 | Previous |
Recognitions & Rankings of Nuvoco Vistas Corporation
- Valuation
- ₹13,120 Cr
- #763 Achal Anil Bakeri & family ₹4,100 Cr
Contact details
Nuvoco Vistas Corporation Limited's registered office is in Kurla, Maharashtra. Its website is nuvoco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressEquinox Business Park Tower 3 East Wing 4th Floor Lbs Marg Kurla (West), Mumbai, Maharashtra, India – 400070
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Nuvoco Vistas Corporation Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Nuvoco Vistas Corporation operates multiple associated brands including BPEA EQT, Double Bull Cement, and Lafarge India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Private equity and real estate investment firm | bpeasia.com | |
| Manufacturer of cement | doublebullcement.com | |
| Cement, ready-mix concrete, and modern building materials are distributed. | nuvoco.com | |
| Green building solutions are developed for sustainable construction in India. | lafarge.in |
Business activity
The main business activity of Nuvoco Vistas Corporation is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Nuvoco Vistas Corporation Limited, buy the company report.
Financials of Nuvoco Vistas Corporation Limited
FY 2025-26 filings availableNuvoco Vistas Corporation Limited reported revenue of ₹11,338 Cr (up 9.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 11,338 | 10,357 | 10,733 | 10,586 | 9,318 | 7,489 | 6,793 |
| Revenue growth | +9.5% | -3.5% | +1.4% | +13.6% | +24.4% | +10.2% | - |
| EBITDA | 1,809 | 1,372 | 1,624 | 805 | 1,502 | 1,460 | 1,297 |
| EBITDA margin | +16.0% | +13.3% | +15.1% | +7.6% | +16.1% | +19.5% | +19.1% |
| Profit before tax | 551 | 26.51 | 206 | (645) | 50.90 | 36.50 | 387 |
| Net profit | 382 | 17.23 | 143 | 418 | 31.71 | (12.40) | 239 |
| Net profit margin | +3.4% | +0.2% | +1.3% | +4.0% | +0.3% | -0.2% | +3.5% |
| EPS (₹) | 10.06 | 0.61 | 4.13 | 0.44 | 0.90 | (0.82) | 10.28 |
| Balance sheet | |||||||
| Total assets | 15,424 | 13,328 | 13,664 | 13,896 | 14,565 | 15,261 | 9,915 |
| Net worth | 9,342 | 9,002 | 8,984 | 8,839 | 8,821 | 7,324 | 5,279 |
| Total debt | 4,916 | 4,074 | 4,404 | 4,785 | 5,575 | 7,792 | 4,513 |
| Cash & bank | 96.26 | 182 | 107 | 203 | 149 | 528 | 511 |
| Net working capital | (1,275) | (1,407) | (1,518) | (1,378) | (788) | (637) | (80.48) |
| Cash flow | |||||||
| Cash from operations | 1,485 | 1,329 | 1,593 | 1,711 | 1,221 | 1,717 | 1,025 |
| Cash from investing | (2,500) | (337) | (573) | (260) | (190) | (2,898) | (310) |
| Cash from financing | 927 | (913) | (1,114) | (1,362) | (1,420) | 1,420 | (559) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,790 | 3,129 | 3,307 | 2,701 | 2,458 | 2,873 | 3,042 | 2,409 |
| Revenue growth (YoY) | +13.5% | +8.9% | +8.7% | +12.1% | +8.3% | +9.0% | - | - |
| Other income | 2.83 | 3.61 | 2.62 | 2.76 | 3.88 | 14.80 | 4.32 | 0.16 |
| EBITDA | 408 | 568 | 539 | 384 | 367 | 519 | 552 | 258 |
| EBITDA margin | +14.6% | +18.2% | +16.3% | +14.2% | +14.9% | +18.1% | +18.1% | +10.7% |
| Depreciation | 231 | 226 | 228 | 223 | 218 | 215 | 220 | 217 |
| Interest | 71.88 | 70.28 | 80.95 | 98.65 | 102 | 117 | 113 | 126 |
| Profit before tax | 108 | 276 | 233 | 64.54 | 51.18 | 202 | 224 | (84.71) |
| Tax | 43.21 | 116 | 92.39 | 15.17 | 14.75 | 68.44 | 58.23 | (23.34) |
| Net profit | 64.79 | 160 | 141 | 49.37 | 36.43 | 133 | 166 | (61.37) |
| EPS (₹) | 1.81 | 4.47 | 3.94 | 1.38 | 1.02 | 3.73 | 4.63 | (1.72) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 9,762 | 8,725 | 8,939 | 8,582 | 7,342 | 5,805 | 6,793 |
| Revenue growth | +11.9% | -2.4% | +4.2% | +16.9% | +26.5% | -14.5% | - |
| EBITDA | 1,329 | 1,001 | 1,100 | 581 | 1,038 | 1,120 | 1,297 |
| EBITDA margin | +13.6% | +11.5% | +12.3% | +6.8% | +14.1% | +19.3% | +19.1% |
| Profit before tax | 392 | 42.16 | 208 | (370) | 101 | 99.49 | 387 |
| Net profit | 265 | 38.06 | 149 | 324 | 52.68 | 21.26 | 236 |
| Net profit margin | +2.7% | +0.4% | +1.7% | +3.8% | +0.7% | +0.4% | +3.5% |
| EPS (₹) | 7.28 | 1.13 | 4.28 | 2.52 | 1.54 | 0.72 | 10.28 |
| Balance sheet | |||||||
| Total assets | 13,549 | 12,184 | 12,507 | 12,584 | 12,766 | 13,173 | 9,029 |
| Net worth | 9,431 | 9,173 | 9,135 | 8,984 | 8,893 | 7,372 | 5,279 |
| Total debt | 3,892 | 2,793 | 3,129 | 3,359 | 3,728 | 5,680 | 3,593 |
| Cash & bank | 79.31 | 162 | 85.37 | 180 | 92.67 | 443 | 511 |
| Net working capital | (724) | (919) | (916) | (806) | (617) | (490) | (967) |
| Cash flow | |||||||
| Cash from operations | 1,041 | 1,100 | 1,048 | 1,023 | 835 | 1,386 | 1,028 |
| Cash from investing | (1,595) | (255) | (410) | (135) | (209) | (3,799) | (313) |
| Cash from financing | 471 | (768) | (733) | (774) | (981) | 2,575 | (559) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,525 | 2,692 | 2,836 | 2,378 | 2,143 | 2,404 | 2,534 | 2,017 |
| Revenue growth (YoY) | +17.8% | +12.0% | +12.0% | +17.9% | +8.7% | +9.2% | - | - |
| Other income | 30.37 | 23.98 | 19.25 | 24.38 | 37.94 | 23.13 | 3.13 | 1.58 |
| Total expenses | 2,199 | 2,304 | 2,461 | 2,056 | 1,863 | 2,053 | 2,153 | 1,836 |
| EBITDA | 326 | 388 | 375 | 322 | 280 | 352 | 381 | 181 |
| EBITDA margin | +12.9% | +14.4% | +13.2% | +13.5% | +13.1% | +14.6% | +15.0% | +9.0% |
| Depreciation | 172 | 165 | 164 | 163 | 165 | 150 | 158 | 155 |
| Interest | 94.03 | 91.19 | 96.07 | 106 | 107 | 90.47 | 79.82 | 88.70 |
| Profit before tax | 89.75 | 156 | 134 | 77.01 | 46.50 | 134 | 146 | (60.55) |
| Tax | 34.76 | 57.19 | 54.00 | 20.80 | 13.97 | 42.73 | 30.49 | (16.40) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,790 | 3,129 | 3,307 | 2,701 | 2,458 | 2,873 | 3,042 | 2,409 |
| Revenue growth (YoY) | +13.5% | +8.9% | +8.7% | +12.1% | +8.3% | +9.0% | - | - |
| Other income | 2.83 | 3.61 | 2.62 | 2.76 | 3.88 | 14.80 | 4.32 | 0.16 |
| EBITDA | 408 | 568 | 539 | 384 | 367 | 519 | 552 | 258 |
| EBITDA margin | +14.6% | +18.2% | +16.3% | +14.2% | +14.9% | +18.1% | +18.1% | +10.7% |
| Depreciation | 231 | 226 | 228 | 223 | 218 | 215 | 220 | 217 |
| Interest | 71.88 | 70.28 | 80.95 | 98.65 | 102 | 117 | 113 | 126 |
| Profit before tax | 108 | 276 | 233 | 64.54 | 51.18 | 202 | 224 | (84.71) |
| Tax | 43.21 | 116 | 92.39 | 15.17 | 14.75 | 68.44 | 58.23 | (23.34) |
| Net profit | 64.79 | 160 | 141 | 49.37 | 36.43 | 133 | 166 | (61.37) |
| EPS (₹) | 1.81 | 4.47 | 3.94 | 1.38 | 1.02 | 3.73 | 4.63 | (1.72) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 11,338 | 10,357 | 10,733 | 10,586 | 9,318 | 7,489 | 6,793 |
| Revenue growth | +9.5% | -3.5% | +1.4% | +13.6% | +24.4% | +10.2% | - |
| Other income | 24.06 | 19.43 | 33.49 | 13.21 | 37.22 | 33.84 | 36.71 |
| Total expenses | 9,530 | 8,985 | 9,109 | 9,782 | 7,816 | 6,028 | 5,496 |
| Employee cost | 723 | 676 | 682 | 606 | 580 | 482 | 405 |
| EBITDA | 1,809 | 1,372 | 1,624 | 805 | 1,502 | 1,460 | 1,297 |
| EBITDA margin | +16.0% | +13.3% | +15.1% | +7.6% | +16.1% | +19.5% | +19.1% |
| Depreciation | 884 | 869 | 919 | 951 | 918 | 794 | 528 |
| Interest | 398 | 496 | 533 | 512 | 570 | 664 | 419 |
| Profit before tax | 551 | 26.51 | 206 | (645) | 50.90 | 36.50 | 387 |
| Tax | 191 | 4.67 | 58.56 | (661) | 18.82 | 62.45 | 138 |
| Net profit | 382 | 17.23 | 143 | 418 | 31.71 | (12.40) | 239 |
| Net profit margin | +3.4% | +0.2% | +1.3% | +4.0% | +0.3% | -0.2% | +3.5% |
| EPS (₹) | 10.06 | 0.61 | 4.13 | 0.44 | 0.90 | (0.82) | 10.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 357 | 357 | 357 | 357 | 357 | 315 | 242 |
| Reserves & surplus | 8,985 | 8,645 | 8,626 | 8,482 | 8,464 | 6,509 | 5,037 |
| Shareholders' funds (net worth) | 9,342 | 9,002 | 8,984 | 8,839 | 8,821 | 7,324 | 5,279 |
| Minority interest | 886 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 3,593 | 3,502 | 3,495 | 3,977 | 3,714 | 5,165 | 2,338 |
| Unsecured loans | 1,323 | 572 | 908 | 808 | 1,861 | 2,627 | 2,175 |
| Total debt | 4,916 | 4,074 | 4,404 | 4,785 | 5,575 | 7,792 | 4,513 |
| Total liabilities | 15,424 | 13,328 | 13,664 | 13,896 | 14,565 | 15,261 | 9,915 |
| Assets | |||||||
| Gross block | 23,395 | 23,004 | 22,744 | 21,900 | 21,507 | 20,294 | 14,501 |
| Net block | 14,478 | 14,702 | 15,027 | 14,962 | 15,409 | 15,042 | 9,970 |
| Capital work in progress | 2,683 | 387 | 488 | 596 | 399 | 1,240 | 647 |
| Investments | 0.83 | 0.83 | 0.83 | 0.05 | 186 | 384 | 0.05 |
| Inventories | 745 | 762 | 947 | 1,050 | 1,068 | 712 | 603 |
| Sundry debtors | 744 | 660 | 591 | 601 | 571 | 454 | 511 |
| Cash & bank balances | 96.26 | 182 | 107 | 203 | 149 | 528 | 511 |
| Loans & advances | 787 | 667 | 710 | 669 | 619 | 434 | 382 |
| Total current assets | 2,372 | 2,271 | 2,355 | 2,524 | 2,407 | 2,128 | 2,007 |
| Total current liabilities | 3,647 | 3,678 | 3,873 | 3,901 | 3,196 | 2,765 | 2,087 |
| Net working capital | (1,275) | (1,407) | (1,518) | (1,378) | (788) | (637) | (80.48) |
| Total assets | 15,424 | 13,328 | 13,664 | 13,896 | 14,565 | 15,261 | 9,915 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 177 | 97.83 | 193 | 103 | 493 | 254 | 98.28 |
| Net cash from operating activities | 1,485 | 1,329 | 1,593 | 1,711 | 1,221 | 1,717 | 1,025 |
| Net cash from investing activities | (2,500) | (337) | (573) | (260) | (190) | (2,898) | (310) |
| Net cash from financing activities | 927 | (913) | (1,114) | (1,362) | (1,420) | 1,420 | (559) |
| Net change in cash | (88.55) | 78.83 | (94.91) | 89.36 | (390) | 239 | 156 |
| Closing cash | 96.26 | 182 | 107 | 203 | 149 | 528 | 511 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.49 | 0.47 | 0.52 | 0.59 | 0.83 | 0.98 | 0.90 |
| Long-term debt / equity | 0.40 | 0.43 | 0.48 | 0.50 | 0.61 | 0.68 | 0.58 |
| Interest cover | 43.07 | 98.59 | 75.54 | -349.30 | 97.66 | 99.60 | 54.50 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.49 | 0.45 | 0.48 | 0.49 | 0.45 | 0.43 | 0.48 |
| Inventory turnover | 15.05 | 12.12 | 10.75 | 9.99 | 10.47 | 11.39 | 11.44 |
| Debtors turnover | 16.15 | 16.56 | 18.01 | 18.06 | 18.19 | 15.52 | 13.44 |
| EPS (₹) | 10.06 | 0.61 | 4.13 | 0.44 | 0.90 | (0.82) | 10.28 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 261.57 | 252.05 | 251.53 | 247.48 | 246.98 | 216.56 | 217.83 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,525 | 2,692 | 2,836 | 2,378 | 2,143 | 2,404 | 2,534 | 2,017 |
| Revenue growth (YoY) | +17.8% | +12.0% | +12.0% | +17.9% | +8.7% | +9.2% | - | - |
| Other income | 30.37 | 23.98 | 19.25 | 24.38 | 37.94 | 23.13 | 3.13 | 1.58 |
| Total expenses | 2,199 | 2,304 | 2,461 | 2,056 | 1,863 | 2,053 | 2,153 | 1,836 |
| EBITDA | 326 | 388 | 375 | 322 | 280 | 352 | 381 | 181 |
| EBITDA margin | +12.9% | +14.4% | +13.2% | +13.5% | +13.1% | +14.6% | +15.0% | +9.0% |
| Depreciation | 172 | 165 | 164 | 163 | 165 | 150 | 158 | 155 |
| Interest | 94.03 | 91.19 | 96.07 | 106 | 107 | 90.47 | 79.82 | 88.70 |
| Profit before tax | 89.75 | 156 | 134 | 77.01 | 46.50 | 134 | 146 | (60.55) |
| Tax | 34.76 | 57.19 | 54.00 | 20.80 | 13.97 | 42.73 | 30.49 | (16.40) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,762 | 8,725 | 8,939 | 8,582 | 7,342 | 5,805 | 6,793 |
| Revenue growth | +11.9% | -2.4% | +4.2% | +16.9% | +26.5% | -14.5% | - |
| Other income | 105 | 16.37 | 120 | 97.79 | 116 | 83.41 | 36.70 |
| Total expenses | 8,433 | 7,723 | 7,840 | 8,000 | 6,304 | 4,685 | 5,496 |
| Employee cost | 610 | 557 | 557 | 481 | 456 | 404 | 405 |
| EBITDA | 1,329 | 1,001 | 1,100 | 581 | 1,038 | 1,120 | 1,297 |
| EBITDA margin | +13.6% | +11.5% | +12.3% | +6.8% | +14.1% | +19.3% | +19.1% |
| Depreciation | 643 | 621 | 644 | 696 | 652 | 587 | 528 |
| Interest | 399 | 355 | 368 | 353 | 401 | 517 | 419 |
| Profit before tax | 392 | 42.16 | 208 | (370) | 101 | 99.49 | 387 |
| Tax | 132 | 1.68 | 54.87 | (461) | 46.03 | 76.71 | 138 |
| Net profit | 265 | 38.06 | 149 | 324 | 52.68 | 21.26 | 236 |
| Net profit margin | +2.7% | +0.4% | +1.7% | +3.8% | +0.7% | +0.4% | +3.5% |
| EPS (₹) | 7.28 | 1.13 | 4.28 | 2.52 | 1.54 | 0.72 | 10.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 357 | 357 | 357 | 357 | 357 | 315 | 242 |
| Reserves & surplus | 9,074 | 8,816 | 8,778 | 8,627 | 8,536 | 6,557 | 5,037 |
| Shareholders' funds (net worth) | 9,431 | 9,173 | 9,135 | 8,984 | 8,893 | 7,372 | 5,279 |
| Secured loans | 2,640 | 2,269 | 2,273 | 1,582 | 2,131 | 3,300 | 2,338 |
| Unsecured loans | 1,252 | 524 | 856 | 1,776 | 1,596 | 2,380 | 1,255 |
| Total debt | 3,892 | 2,793 | 3,129 | 3,359 | 3,728 | 5,680 | 3,593 |
| Total liabilities | 13,549 | 12,184 | 12,507 | 12,584 | 12,766 | 13,173 | 9,029 |
| Assets | |||||||
| Gross block | 17,297 | 17,106 | 16,925 | 16,236 | 15,920 | 14,835 | 14,365 |
| Net block | 9,726 | 9,970 | 10,155 | 10,061 | 10,345 | 9,786 | 9,867 |
| Capital work in progress | 91.75 | 101 | 219 | 305 | 144 | 961 | 647 |
| Investments | 4,312 | 3,501 | 3,501 | 2,271 | 2,457 | 2,581 | 0.05 |
| Inventories | 538 | 511 | 666 | 707 | 768 | 502 | 603 |
| Sundry debtors | 815 | 691 | 696 | 607 | 459 | 387 | 506 |
| Cash & bank balances | 79.31 | 162 | 85.37 | 180 | 92.67 | 443 | 511 |
| Loans & advances | 618 | 566 | 584 | 533 | 464 | 317 | 387 |
| Total current assets | 2,050 | 1,930 | 2,031 | 2,027 | 1,784 | 1,649 | 2,007 |
| Total current liabilities | 2,774 | 2,849 | 2,948 | 2,833 | 2,402 | 2,139 | 2,974 |
| Net working capital | (724) | (919) | (916) | (806) | (617) | (490) | (967) |
| Total assets | 13,549 | 12,184 | 12,507 | 12,584 | 12,766 | 13,173 | 9,029 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 157 | 80.19 | 175 | 60.26 | 416 | 254 | 98.27 |
| Net cash from operating activities | 1,041 | 1,100 | 1,048 | 1,023 | 835 | 1,386 | 1,028 |
| Net cash from investing activities | (1,595) | (255) | (410) | (135) | (209) | (3,799) | (313) |
| Net cash from financing activities | 471 | (768) | (733) | (774) | (981) | 2,575 | (559) |
| Net change in cash | (83.06) | 77.00 | (94.88) | 115 | (355) | 162 | 156 |
| Closing cash | 79.31 | 162 | 85.37 | 180 | 92.67 | 443 | 511 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.36 | 0.32 | 0.36 | 0.40 | 0.58 | 0.73 | 0.80 |
| Long-term debt / equity | 0.23 | 0.21 | 0.25 | 0.29 | 0.42 | 0.55 | 0.57 |
| Interest cover | 58.19 | 93.22 | 80.71 | -307.45 | 103.81 | 96.98 | 54.50 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.57 | 0.51 | 0.54 | 0.53 | 0.48 | 0.40 | 0.48 |
| Inventory turnover | 18.62 | 14.83 | 13.02 | 11.63 | 11.56 | 10.51 | 11.44 |
| Debtors turnover | 12.96 | 12.57 | 13.72 | 16.10 | 17.35 | 12.99 | 13.50 |
| EPS (₹) | 7.28 | 1.13 | 4.28 | 2.52 | 1.54 | 0.72 | 10.28 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 264.06 | 256.83 | 255.76 | 251.54 | 249.00 | 218.11 | 217.83 |
To see the full year-wise statements and ratios of Nuvoco Vistas Corporation Limited, buy the company report.
Board of directors of Nuvoco Vistas Corporation Limited
Nuvoco Vistas Corporation has 6 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushikbhai Nandubhai Patel Also directs: Alivus Life Sciences Limited, Nirma Limited | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
| Hiren Karsanbhai Patel | Director | 11 Nov 2017 | 8 Years 11 Months | Current |
| Bhavna Gautam Doshi Also directs: Bhavna Doshi Associates LLP, The Great Eastern Shipping Company Limited, Indusind Bank Ltd. and 5 more | Director | 03 Jan 2017 | 9 Years 9 Months | Current |
| Achal Anil Bakeri | Director | 07 Apr 2021 | 5 Years 6 Months | Current |
| Jayakumar Krishnaswamy | Managing Director | 27 Sep 2018 | 8 Years 1 Months | Current |
| Shishir Babubhai Desai Also directs: Zee Entertainment Enterprises Limited, Nu Vista Limited, Bijur Delimon India Private Limited and 2 more | Director | 16 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Nuvoco Vistas Corporation Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Cement and Cement Products), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Cement Limited | ₹19,872 Cr (FY 2025) | -5.0% | Beawar, Rajasthan, India | |||
| J. K. Cement Limited. | ₹12,052 Cr (FY 2025) | 3.0% | Kanpur, Uttar Pradesh, India | |||
| Nuvoco Vistas Corporation Limitedthis company | ₹11,338 Cr (FY 2026) | ₹382.11 Cr | 3.4% | 9.5% | 3,241 | Mumbai, Maharashtra, India |
| Birla Corporation Limited | ₹9,312.4 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Wonder Cement Limited | ₹7,533.73 Cr (FY 2025) | 5.0% | Kishangarh, Rajasthan, India | |||
| Prism Johnson Limited | ₹7,438.38 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Nuvoco Vistas Corporation Limited, buy the company report.
Auditor
Nuvoco Vistas Corporation Limited is audited by MSKA & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2025 | 105047W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 72.00%, foreign institutional investors hold 4.70%, domestic institutional investors hold 18.00% and retail and other public shareholders hold 5.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 72.00% | 72.00% | 72.00% | 72.00% |
| Public | 28.00% | 28.00% | 28.00% | 28.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2026 | 101308328 | Idbi Trusteeship Services Limited | ₹100 Cr | Open | |
| 07 Nov 2025 | 101178382 | Idbi Trusteeship Services Limited | ₹600 Cr | Open | |
| 17 Mar 2025 | 101060356 | Idbi Trusteeship Services Limited | ₹400 Cr | Open | |
| 29 Nov 2024 | 101012845 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 16 Feb 2024 | 100866587 | Idbi Trusteeship Services Limited | ₹250 Cr | Open |
To see the full charge records of Nuvoco Vistas Corporation Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Nuvoco Vistas Corporation Limited has 21 deals on record (7 market trades, 5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3,692.36 Cr; the latest was in July 2026.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹280.17 Cr | Buyer: Microcurves Trading Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited Seller: Microcurves Trading Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited |
| Aug 2021 | IPO | ₹5,000 Cr | Investors: IPO Shareholders - Nuvoco Vistas Corporation Limited, Sbi Life Insurance Ltd, Sbi Large And Midcap Fund Seller: Niyogi Enterprise Private Limited |
| Jul 2020 | Rights issue | ₹400 Cr | Investors: Niyogi Enterprise Private Limited |
| Jun 2020 | Rights issue | ₹1,200 Cr | Investors: Niyogi Enterprise Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Niyogi Enterprise Private Limited & Satish Shah, Niyogi Enterprise Private Limited & Suketu Shah, Niyogi Enterprise Private Limited Seller: Nirma Limited & Satish Shah, Nirma Limited & Paresh Sheth, Nirma Limited |
To see the full deal history of Nuvoco Vistas Corporation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nuvoco Vistas Corporation Limited has 1,087 court cases on record: 801 filed by Nuvoco Vistas Corporation, 287 filed against it. 254 cases are pending and 833 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 503 | 78 | 128 |
| High courts | 482 | 138 | 91 |
| Supreme Court | 52 | 35 | 14 |
| NCLAT | 35 | 34 | 20 |
| NCLT | 15 | 2 | 1 |
Cases on record (5 of 1,087)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Vadraj Cement Limited and 2 others | Pending |
| High Court of Orissa | Writ petition | Filed by the company against Asha Infra Projects and Services Pvt. Ltd., Bhubaneswar and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Shapoorji Pallonji and Company Pvt. Ltd. | Pending |
| High Court of Chhattisgarh | Writ petition | Filed by the company against The Tata Iron and Steel Company Limited and 1 other | Pending |
| Bombay High Court | Court case (REVN) | Filed against the company by Il and FS Financial Services Ltd | Pending |
To see the full case history of Nuvoco Vistas Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Nuvoco Vistas Corporation Limited was last rated by Crisil on 20 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 20 Aug 2020 |
To see the full credit ratings and regulatory alerts of Nuvoco Vistas Corporation Limited, buy the company report.
MSME payment delays
Nuvoco Vistas Corporation Limited has 54 MSME Form 1 returns on record between 2010 and 2024, listing 479 overdue payments to 253 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 253)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JCL Cement Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nuvoco Vistas Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nuvoco Vistas Corporation has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nu Vista Limited | U26940MH2007PLC353160 |
To see the full group structure of Nuvoco Vistas Corporation Limited, buy the company report.
Employees & EPFO
Nuvoco Vistas Corporation Limited has a workforce of 3,241 employees on its EPFO records as of Oct 10, 2025, across 7 active EPFO establishments.
GST
Nuvoco Vistas Corporation has 28 GST registrations: 25 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL4159L1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACL4159L2Z7 | Maharashtra | Active | 25 Aug 2017 |
| 02AAACL4159L1ZK | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACL4159L1ZI | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nuvoco Vistas Corporation Limited, buy the company report.
Recent activity
Nuvoco Vistas Corporation Limited has 64 board changes on record since 1999: 36 appointments and 28 cessations. The latest: Berjis Minoo Desai ceased to be Director on 17 Aug 2023.
179 earlier events are in the company report.
News
Frequently asked questions
Nuvoco Vistas Corporation is an active public limited company based in Mumbai, Maharashtra, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 08 February 1999 (27+ years old) and is registered under CIN L26940MH1999PLC118229. Listed on BSE: 543334 and NSE: NUVOCO.
Nuvoco Vistas Corporation reported revenue of ₹11,338 Cr for FY 2025-26 (up 9.5% YoY) based on consolidated financials.
Nuvoco Vistas Corporation has 6 current directors:
- Jayakumar Krishnaswamy - Managing Director
- Kaushikbhai Nandubhai Patel - Director
- Hiren Karsanbhai Patel - Director
- Bhavna Gautam Doshi - Director
- Achal Anil Bakeri - Director
- Shishir Babubhai Desai - Director
The latest financial statements of Nuvoco Vistas Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Nuvoco Vistas Corporation is 27AAACL4159L1Z8, registered in Maharashtra. The company has 28 GST registrations in all, of which 25 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACL4159L2Z7 (Maharashtra), 02AAACL4159L1ZK (Himachal Pradesh), 03AAACL4159L1ZI (Punjab).
The CIN (Corporate Identification Number) of Nuvoco Vistas Corporation is L26940MH1999PLC118229. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nuvoco Vistas Corporation is a listed company as per MCA records. Its shares are listed on both BSE (code: 543334) and NSE (symbol: NUVOCO).
Nuvoco Vistas Corporation has 1,087 court cases on record: 801 filed by the company and 287 filed against it. 254 are pending. Most are in the district courts.
Nuvoco Vistas Corporation was incorporated on 08 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Nuvoco Vistas Corporation has 21 deals on record (7 market trades, 5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3,692.36 Cr; the latest was in July 2026.
The peers of Nuvoco Vistas Corporation by revenue are Shree Cement Limited, J. K. Cement Limited, Birla Corporation Limited, Wonder Cement Limited, Prism Johnson Limited, all in the Manufacturing industry (Cement and Cement Products), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Berjis Minoo Desai ceased to be Director on 17 Aug 2023. Shishir Babubhai Desai was appointed as Director on 16 Aug 2023. Achal Anil Bakeri was appointed as Director on 07 Apr 2021. Nuvoco Vistas Corporation has 64 board changes on record in total.