Nuvoco Vistas Corp Ltd
NSE: NUVOCO · Cement & Cement Products · sector
₹340.45NSE close 2026-10-26
Key numbers
Market cap₹12,160 cr
Price₹340.45
52w high / low₹430 / ₹276
P/E29.4xSector median 21.5x
P/B1.3xSector median 1.4x
Book value₹267.8
Dividend yield–Sector median 0.64%
ROE4.4%Sector median 7.3%
ROCE6.8%Sector median 6.3%
OPM15.9%Sector median 10.9%
Debt / equity0.54xSector median 0.48x
EV/EBITDA9.0xSector median 14.1x
Interest cover3.1x
Current ratio0.49x
Sales growth 3y+2.3%Sector median +1.9%
Profit growth 3y+183.0%Sector median +16.8%
PEG0.16x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 38 companies in Cement & Cement Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹96 cr vs borrowings ₹4,541 cr (FY26): borrowings are higher by ₹4,445 cr.
- Operating profit covered interest 3.1x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹340.45 on 2026-10-26: -20.9% from the 52-week high, +23.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹470.60 · low ₹282.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,409 | 3,042 | 2,873 | 2,458 | 2,701 | 3,307 | 3,129 | 2,790 |
| EBITDA | 258 | 552 | 519 | 367 | 384 | 539 | 568 | 408 |
| OPM % | 10.7% | 18.1% | 18.1% | 14.9% | 14.2% | 16.3% | 18.2% | 14.6% |
| Other income | 0 | 4 | 15 | 4 | 3 | 3 | 4 | 3 |
| Net profit | -63 | 165 | 133 | 36 | 49 | 141 | 160 | 65 |
| EPS (₹) | -1.72 | 4.63 | 3.73 | 1.02 | 1.38 | 3.94 | 4.47 | 1.81 |
| Revenue YoY | +12.1% | +8.7% | +8.9% | +13.5% | ||||
| Profit YoY | – | -14.6% | +20.0% | +79.2% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 9,318 | 10,586 | 10,733 | 10,357 | 11,338 | 11,927 |
| EBITDA | 1,497 | 805 | 1,624 | 1,372 | 1,809 | 1,900 |
| Net profit | 32 | 16 | 147 | 19 | 359 | 415 |
| EPS (₹) | 0.93 | 0.44 | 4.13 | 0.61 | 10.07 | 11.60 |
| Revenue growth | +13.6% | +1.4% | -3.5% | +9.5% | +10.6% | |
| Profit growth | -50.6% | +829.2% | -87.2% | +1,811.4% | +53.0% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.3% | – | +10.6% |
| Net profit | +183.0% | – | +53.0% |
| EPS | +183.9% | – | – |
| Share price | – | -2.0% (2y) | -21.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 8,839 | 8,984 | 9,002 | 10,229 |
| Borrowings | – | 4,618 | 4,137 | 3,823 | 4,541 |
| Cash & equivalents | – | 203 | 107 | 182 | 96 |
| Total assets | – | 18,988 | 18,710 | 18,158 | 20,299 |
| Fixed assets | – | 9,387 | 9,402 | 9,180 | 8,893 |
| Capital work in progress | – | 594 | 471 | 383 | 2,474 |
| Investments | – | 0 | 1 | 1 | 1 |
| Receivables | – | 601 | 591 | 660 | 744 |
| Inventory | – | 1,050 | 947 | 762 | 745 |
| Payables | – | 1,703 | 1,686 | 1,587 | 1,643 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,221 | 1,711 | 1,593 | 1,329 | 1,485 |
| Cash from investing | -190 | -260 | -573 | -337 | -2,500 |
| Cash from financing | -1,420 | -1,362 | -1,114 | -913 | 927 |
| Capex | 411 | 486 | 581 | 350 | 710 |
| Free cash flow | 810 | 1,225 | 1,011 | 978 | 775 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 0.2% | 1.6% | 0.2% | 3.5% |
| ROCE % | – | -1.0% | 5.6% | 4.1% | 6.4% |
| Debtor days | – | 21 | 20 | 23 | 24 |
| Inventory days | – | 215 | 177 | 135 | 128 |
| Payable days | – | 348 | 315 | 281 | 282 |
| Cash conversion cycle (days) | – | -112 | -118 | -123 | -130 |
| Working capital days | – | -95 | -98 | -105 | -95 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.02% |
| FIIs | 4.63% |
| DIIs | 17.65% |
| of which Mutual funds | 16.35% |
| of which Insurance | 0.47% |
| Government | 0.00% |
| Public (non-institutions) | 5.70% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% | 72.02% |
| Promoter group | % |
|---|---|
| Niyogi Enterprise Private Limited | 60.16% |
| Hiren Karsanbhai Patel | 9.36% |
| Rakesh Karsanbhai Patel | 2.33% |
| Keyuriben Rakeshbhai Patel | 0.09% |
| Rajalben H Patel | 0.08% |
| Hemil Hiren Patel | 0.00% |
| Dhruvil Hiren Patel | 0.00% |
| Shantaben Karsanbhai Patel | 0.00% |
| Karsanbhai Khodidas Patel | 0.00% |
| Rakeshbhai Karsanbhai Patel HUF | 0.00% |
| Hirenbhai Karsanbhai Patel HUF | 0.00% |
| Dev Rakesh Patel | 0.00% |
| Nirma Limited | 0.00% |
| Nirma Chemical Works Private Limited | 0.00% |
| Nirma Industries Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| SBI Energy Opportunities Fund | 6.35% |
| HDFC Mutual Fund - HDFC BSE 500 ETF | 5.87% |
| ICICI Prudential Infrastructure Fund | 1.76% |
| Tata Resources & Energy Fund | 1.11% |
1,82,637 shareholders. Pledged: – of promoter shares.
Peers in Cement & Cement Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | ₹3,29,452 cr | 37.4x | 4.5x | 12.1% | 13.5% | 19.0% | +11.9% | 0.69% |
| GRASIM | ₹2,00,762 cr | 35.1x | 1.9x | 5.7% | 5.9% | 14.2% | +14.2% | 0.83% |
| AMBUJACEM | ₹91,448 cr | 20.8x | 1.5x | 7.8% | 4.8% | 14.6% | +1.4% | 0.62% |
| SHREECEM | ₹84,932 cr | 52.1x | 3.6x | 7.3% | 9.6% | 20.9% | +5.5% | 0.60% |
| JKCEMENT | ₹38,133 cr | 40.3x | 5.4x | 14.4% | 13.7% | 15.9% | +12.2% | 0.30% |
| DALBHARAT | ₹30,890 cr | 32.6x | 1.7x | 2.3% | 6.9% | 18.5% | +3.0% | 0.55% |
| ACC | ₹21,934 cr | 11.5x | 1.1x | 9.8% | 9.2% | 10.4% | +5.3% | 0.64% |
| RAMCOCEM | ₹17,620 cr | 27.3x | 2.2x | 8.3% | 10.1% | 20.7% | +3.4% | 0.27% |
| JSWCEMENT | ₹15,880 cr | 20.5x | 2.4x | 11.6% | 9.8% | 17.2% | – | – |
| NUVOCO | ₹12,160 cr | 29.4x | 1.3x | 4.4% | 6.8% | 15.9% | +2.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Cement | ₹10,325 cr | 90.6% | ₹997 cr | 9.7% |
| Ready Mix Concrete and Others | ₹1,066 cr | 9.4% | ₹-24 cr | -2.3% |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Other manufacturing
| Sector | Commodities |
| Industry | Cement & Cement Products |
| Sub-industry | Cement & Cement Products |
| Symbol | NUVOCO |
| BSE code | 543334 |
| ISIN | INE118D01016 |
| Face value | ₹10.0 |
| Incorporated | 1999-02-08 |
| Website | www.nuvoco.com |
| Plants (India / abroad) | 71 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.