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NCL Buildtek
DRHP Status : Not Filed
275
Current Price
275
Market Cap
306 Cr
ISIN
INE243S01010
Face Value
10
P/E Ratio
18.7
EPS
14.17
P/B Ratio
1.6
Book Value
166.6
Debt to Equity Ratio
0.44
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 264.88 | 407.48 | 450 | 435 |
| Cost of Material Consumed | 147.11 | 249.26 | 260 | 279 |
| Gross Margins | 44.46 | 38.83 | 42.22 | 35.86 |
| Change in Inventory | -1.08 | -4.73 | -4 | -2 |
| Employee Benefit Expenses | 40.66 | 49.62 | 56 | 61 |
| Other Expenses | 62.38 | 90.58 | 95 | 48 |
| EBITDA | 15.81 | 22.75 | 43 | 49 |
| OPM | 5.97 | 5.58 | 9.56 | 11.26 |
| Other Income | 1.09 | 0.78 | 9 | 1.5 |
| Finance Cost | 13.29 | 10.73 | 17 | 15 |
| D&A | 10.47 | 10.88 | 11 | 11 |
| EBIT | 5.34 | 11.87 | 32 | 38 |
| EBIT Margins | 2.02 | 2.91 | 7.11 | 8.74 |
| PBT | -5.54 | 11.2 | 24 | 32 |
| PBT Margins | -2.09 | 2.75 | 5.33 | 7.36 |
| Tax | 1.15 | 3.16 | 5 | 5 |
| PAT | -6.69 | 8.04 | 19 | 27 |
| NPM | -2.53 | 1.97 | 4.22 | 6.21 |
| EPS | -5.79 | 6.96 | 16.52 | 23.36 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 5.97 | 5.58 | 9.56 | 11.26 |
| Net Profit Margin | -2.53 | 1.97 | 4.22 | 6.21 |
| Earning Per Share (Diluted) | -5.79 | 6.96 | 16.52 | 23.36 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 163.29 | 160.59 | 154 | 162 |
| CWIP | 3.86 | 7.3 | 7 | 2 |
| Investments | 16.43 | 28.29 | 30 | 38 |
| Trade Receivables | 88.44 | 93.79 | 84 | 94 |
| Inventory | 38.85 | 57.79 | 59 | 61 |
| Other Assets | 39.17 | 48.54 | 65 | 61 |
| Total Assets | 350.04 | 396.3 | 399 | 418 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 11.56 | 11.56 | 11.5 | 11.56 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 131.93 | 140.83 | 158 | 181 |
| Borrowings | 91.99 | 103.89 | 95 | 85.6 |
| Trade Payables | 41.51 | 46.65 | 36 | 34 |
| Other Liabilities | 73.05 | 93.37 | 98.5 | 105.84 |
| Total Liabilities | 350.04 | 396.3 | 399 | 418 |
NCL Buildtek Limited (formerly NCL Alltek & Seccolor Limited) is an unlisted public company, primarily engaged in manufacturing and selling spray plasters, paints, skim coat, steel profiles, doors, windows, and fly ash bricks.
Strengths:
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Diverse Product Portfolio: NCL Buildtek offers a wide array of products such as spray plasters, paints, steel profiles, doors, windows, and fly ash bricks. This diversification allows the company to cater to various segments within the building materials industry.
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Geographical Reach: The company operates manufacturing units in 11 different states across India, enhancing its market presence and accessibility.
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Government Acceptance: NCL Buildtek's products have been accepted by various state governments and incorporated into state Schedules of Rates (SORs) over the past 18 years, indicating trust and reliability in public sector projects.
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Financial Growth: The company has demonstrated significant revenue growth, with a 54% increase from ₹265 crore in FY21 to ₹408 crore in FY22. Additionally, it transitioned from a loss of ₹6 crore in FY21 to a profit of ₹11.65 crore in FY22, including an exceptional gain of ₹9 crore.
Weaknesses:
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Margin Pressure: Despite revenue growth, NCL Buildtek experienced a decline in gross margins from 44% to 38% between FY21 and FY22, primarily due to increased material costs driven by inflation. EBITDA margins also decreased from 6.24% to 5.68% during the same period.
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Increased Expenses: Other expenses rose from ₹37 crore in FY21 to ₹53 crore in FY22, indicating higher operational costs that could impact profitability if not managed effectively.
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Competitive Industry: The building materials sector is highly competitive, which may pose challenges for NCL Buildtek in maintaining or expanding its market share.
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Liquidity Concerns: The company has faced liquidity issues, which could affect its ability to invest in growth opportunities or meet short-term obligations.
+91-9599071664
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