North Eastern Carrying Corporation Ltd

North Eastn.Car. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

North Eastern Carrying Corporation Ltd

₹ 30.8 -1.69%
22 Jan 9:35 a.m.
neccgroup.com BSE: 534615 NSE: NECCLTD
About

Incorporated in 1984, North Eastern Carrying Corporation Ltd is in the
business of Transportation[1]

Key Points

Business Overview:[1]
NECCL is in freight forwarding, logistics and goods transport agency business with 250+ branches in India. It provides freight management and customized logistics solutions backed by an automated ERP based software.
Company books small parcels, full truck load consignments, project consignments and ODC.
It also provides containerized movement of cargo, packing and moving, warehousing, 3PL and storage facilities

Website BSE NSE
  • Market Cap ₹ 295 Cr.
  • Current Price ₹ 30.8
  • High / Low ₹ 44.4 / 22.0
  • Stock P/E 24.8
  • Book Value ₹ 22.6
  • Dividend Yield 0.00 %
  • ROCE 7.38 %
  • ROE 5.37 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -0.45% over past five years.
  • Company has a low return on equity of 5.09% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
54.80 55.04 70.17 82.09 78.38 72.13 73.38 83.85 73.84 85.59 91.84 77.63 81.94
50.53 51.62 65.44 78.11 73.55 66.94 67.62 79.09 69.04 79.15 87.08 70.03 75.39
Operating Profit 4.27 3.42 4.73 3.98 4.83 5.19 5.76 4.76 4.80 6.44 4.76 7.60 6.55
OPM % 7.79% 6.21% 6.74% 4.85% 6.16% 7.20% 7.85% 5.68% 6.50% 7.52% 5.18% 9.79% 7.99%
0.01 0.02 0.32 -0.00 0.01 0.37 0.04 0.28 0.11 0.10 1.11 0.37 0.05
Interest 1.96 1.50 1.46 1.75 1.90 1.91 2.37 2.25 2.03 2.57 2.21 1.97 1.90
Depreciation 0.94 0.40 1.78 0.71 0.71 0.70 0.72 0.79 0.78 0.88 0.68 0.74 0.68
Profit before tax 1.38 1.54 1.81 1.52 2.23 2.95 2.71 2.00 2.10 3.09 2.98 5.26 4.02
Tax % 16.67% 26.62% 30.39% 36.84% 30.04% 27.80% 58.30% 25.50% 44.76% 18.77% 3.69% 30.23% 28.61%
1.14 1.14 1.26 0.96 1.55 2.13 1.12 1.49 1.15 2.52 2.86 3.67 2.87
EPS in Rs 0.12 0.12 0.13 0.10 0.16 0.22 0.12 0.16 0.12 0.27 0.30 0.39 0.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
541 572 531 538 548 384 343 376 231 250 306 335 337
522 550 511 518 528 369 328 358 222 235 286 314 312
Operating Profit 19 21 20 21 20 16 15 18 9 15 20 21 25
OPM % 3% 4% 4% 4% 4% 4% 4% 5% 4% 6% 7% 6% 8%
0 0 1 1 1 1 1 1 2 0 0 2 2
Interest 7 9 9 10 9 7 6 7 7 6 8 9 9
Depreciation 3 4 3 3 3 3 3 3 3 4 3 3 3
Profit before tax 8 9 9 9 9 6 7 9 1 6 9 10 15
Tax % 36% 32% 35% 37% 38% 35% 36% 27% -21% 25% 39% 21%
5 6 6 6 6 4 5 6 1 4 6 8 12
EPS in Rs 0.55 0.66 0.58 0.59 0.59 0.41 0.47 0.67 0.15 0.45 0.60 0.84 1.26
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -5%
5 Years: 0%
3 Years: 13%
TTM: 11%
Compounded Profit Growth
10 Years: 3%
5 Years: 13%
3 Years: 78%
TTM: 102%
Stock Price CAGR
10 Years: -9%
5 Years: 42%
3 Years: 11%
1 Year: 9%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 50 50 50 50 50 50 50 50 50 50 50 95 100
Reserves 5 12 17 23 28 32 37 43 45 49 55 99 115
65 73 74 78 83 54 72 76 86 101 119 103 95
15 18 22 16 15 18 23 30 16 18 20 20 20
Total Liabilities 136 153 163 167 177 154 182 199 196 218 243 317 330
15 15 15 18 18 19 20 17 14 13 14 13 9
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments -0 0 0 0 0 -0 -0 -0 -0 -0 -0 5 5
121 138 148 149 158 135 162 183 183 205 230 299 316
Total Assets 136 153 163 167 177 154 182 199 196 218 243 317 330

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-15 1 2 -2 34 -13 -4 -11 -10 -14 -46
-2 -2 -7 -3 -3 -4 -0 0 -2 -3 -6
17 2 4 5 -30 19 4 10 15 18 65
Net Cash Flow 0 0 -0 0 1 1 -0 0 2 0 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67 73 78 81 84 93 117 112 165 154 138 131
Inventory Days
Days Payable
Cash Conversion Cycle 67 73 78 81 84 93 117 112 165 154 138 131
Working Capital Days 66 72 81 85 90 103 136 139 250 259 240 279
ROCE % 14% 14% 12% 13% 11% 9% 8% 10% 5% 6% 8% 7%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
52.67% 52.67% 52.68% 52.68% 52.68% 52.68% 52.68% 52.68% 52.68% 52.30% 54.19% 54.19%
0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.15% 0.12% 0.01% 0.04%
47.23% 47.33% 47.32% 47.32% 47.33% 47.33% 47.32% 47.29% 47.17% 47.58% 45.79% 45.77%
No. of Shareholders 19,94117,89117,79217,49317,59517,67018,70731,25433,08236,11346,23848,700

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Concalls

  • Jan 2022
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  • Apr 2017
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