Espresso shot of the day – NCL Industries Ltd up by 11.75 percent

EspressoLogy

Espresso shot of the day – NCL Industries Ltd up by 11.75 percent

August 02, 2021
Espresso shot of the day – NCL Industries Ltd up by 11.75 percent

NCL INDUSTRIES LTD 285.90 (+11.75%) BSE – INE732C01016 | 2ND AUGUST 2021

The Genesis of NCL Industries Limited can be traced to the Golden Era of entrepreneurial development in Andhra Pradesh (pre-bifurcation) of the early 1980’s. This period marked the emergence of a number of individual entrepreneurs whose fledgling enterprises evolved into well-established industrial groups. Nagarjuna Cement Limited, as the company was known then, established a mini cement plant at Mattapalli in Nalgonda (now Suryapet) district to augment the supply of scarce cement with relatively low investment. This turned out to be a resounding success. The cement produced under the brand name Nagarjuna established a premium image in the coastal districts of Andhra Pradesh. The company expanded the capacity of the cement plant in stages. Starting with a modest capacity of 200 TPD, the company has now grown to a level of 8000 TPD, spread over two locations. The product range of the cement division includes Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC) and special cement for the manufacture of railway sleepers. NCL also has a ready-mix concrete division, which supplies ready-mix concrete of dependable quality using Nagarjuna cement and ensuring reliable quality. The total number of RMC units now stands at five - three in Telangana and two in Andhra Pradesh, catering to markets adjacent to the cities of Hyderabad and Visakhapatnam.

Recent Drivers

  • On Aug 2, 2021, the consortium of NCL Industries Ltd. and NCL Buildtek Ltd. has received Letters of Acceptance (LoA) of bids aggregating to ? 1863.19 crores from Andhra Pradesh State Housing Corporation Ltd (APSHC).
  • On June 28, 2021, NCL Industries Ltd. has stated their intention to modernise and expand its cement units and strengthen its footprint in the doors segment in the near-term. The company has plans to invest about Rs 300 crores in the cement segment.
  • On June 25, 2021, net profit of NCL Industries Ltd. rose 278.72% to Rs 29.01 crores in the quarter ended March 2021 as against Rs 7.66 crores during the previous quarter ended March 2020.
  • On July 1, 2021, sales of NCL Industries Ltd. rose 64.13% to Rs 405.20 crores in the quarter ended March 2021 as against Rs 246.87 crores during the previous quarter ended March 2020.
  • On June 25, 2021, at its meeting, the board recommended a further divided of Re 1 per share.
  • On May 3, 2021, the board of directors approved the payment of the second interim dividend of Rs 1.50 per share for financial year 2020-21.
(Source: The Hindu Business Line, Telangana Today, BSEIndia, Business Standard)


Technical Force*

  • S&P BSE Small Cap month till date gain up by 7.29%
  • Traded on new 52-week-high value of 289.90
  • 3 months avg. volume of NSE: 4,34,515
  • Quantity traded: 1,02,367 | Deliverable quantity: 52,416 (51.20%)
  • Stock price has jumped more than 300% from one-year-low level: 70.00 (Aug 3, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 289.90 | 52-week-low: 70.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

295.70

226.35

186.95

117.60

78.20

8.85

-

-

Fibonacci Pivot

226.35

184.81

159.14

142.61

117.60

92.59

76.06

50.39

8.85


Today’s Close

285.90

SMA

BSE

10 DAY

264.85

20 DAY

248.06

50 DAY

227.15

200 DAY

174.81


Some Key Ratios (Source: BSE)

Market Cap: 1,293.21 crores

PE: 8.70

OPM%: 17.08

ROE%: 22.37

Promoters holding%: 43.73

Prev. Close: 255.85

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.



Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.