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NCL Research & Fin Overview

Incorporated in 1985, NCL Research & Financial Services Limited is an Indian non-banking financial company (NBFC) providing financial services including loans, investment advisory, and portfolio management. Company serves a diverse range of clients including individuals, SMEs, and corporate entities. Promoted by experienced financial professionals, NCL Research & Financial Services has achieved significant milestones in portfolio growth and financial stability. The company's focus on risk management, innovative financial products, and customer-...Read More

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NCL Research & Fin Key Financials

Market Cap ₹58 Cr.

Stock P/E -42.6

P/B 0.5

Current Price ₹0.5

Book Value ₹ 1.1

Face Value 1

52W High ₹0.8

Dividend Yield 0%

52W Low ₹ 0.4

NCL Research & Fin Share Price

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Volume
Price

NCL Research & Fin Quarterly Price

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NCL Research & Fin Peer Comparison

NCL Research & Fin Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Operating Revenue 1 1 7 1 1 4 2 2 2 2
Other Income -1 1 1 1 1 -1 -1 1 -0 0
Total Income 0 2 8 2 3 2 1 3 2 2
Total Expenditure 1 0 8 4 1 3 1 0 0 2
Operating Profit -0 1 0 -2 2 -0 0 2 1 1
Interest Expense 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 1 0 -2 1 -1 0 2 1 1
Provision for Tax -0 0 -0 0 0 -0 0 1 0 0
Profit After Tax -0 1 0 -2 1 -0 0 2 1 0
Adjustments 0 -0 0 0 0 0 -0 0 0 0
Profit After Adjustments -0 1 0 -2 1 -0 0 2 1 0
Adjusted Earnings Per Share -0 0 0 -0 0 -0 0 0 0 0

NCL Research & Fin Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 5 5 7 3 3 2 2 2 4 11 9 8
Other Income 0 0 0 0 0 0 0 0 0 1 1 0
Total Income 5 5 7 3 3 2 2 2 4 12 9 8
Total Expenditure 4 5 7 3 3 2 2 1 3 10 10 3
Operating Profit 1 0 -0 0 0 0 0 1 1 2 -1 4
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 -0 0 0 0 0 1 1 2 -1 4
Provision for Tax 0 0 -0 0 0 0 0 0 0 0 1 1
Profit After Tax 1 0 -0 0 0 0 0 1 1 2 -1 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 -0 0 0 0 0 1 1 2 -1 3
Adjusted Earnings Per Share 0 0 -0 0 0 0 0 0 0 0 -0 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% 65% 35% 6%
Operating Profit CAGR -150% NAN% 0% NAN%
PAT CAGR -150% NAN% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 10% 41% -25%
ROE Average -1% 0% 1% 0%
ROCE Average -1% 1% 1% 1%

NCL Research & Fin Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 62 62 62 62 62 62 62 63 124 111 113
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Current Liability 1 0 0 0 2 1 1 2 2 4 12
Other Liabilities & Provisions -0 -0 -0 -0 0 0 0 -0 4 -1 0
Total Liabilities 62 62 62 62 64 63 63 65 130 114 125
Loans 0 0 0 0 0 0 0 0 0 59 90
Investments 0 0 0 0 0 0 0 0 0 0 0
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Loans 0 0 0 0 0 0 0 0 0 0 0
Other Non Current Assets 0 0 0 0 0 0 0 0 0 0 0
Current Assets 62 62 62 62 64 63 63 65 130 54 34
Total Assets 62 62 62 62 64 63 63 65 130 114 125

NCL Research & Fin Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 2 1 1 1 1 1 1 1 1
Cash Flow from Operating Activities 2 3 -4 -0 -0 2 2 4 -24 -20 -17
Cash Flow from Investing Activities -1 -3 3 0 0 -2 -2 -3 -25 20 17
Cash Flow from Financing Activities 0 0 0 0 0 0 0 -0 49 -0 0
Net Cash Inflow / Outflow 1 0 -1 -0 -0 0 -0 0 -0 0 -1
Closing Cash & Cash Equivalent 1 2 1 1 1 1 1 1 1 1 0

NCL Research & Fin Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.01 0 -0 0 0 0 0 0.02 0.01 0.02 -0.01
CEPS(Rs) 0.01 0.01 -0 0 0 0 0 0.02 0.01 0.02 -0.01
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.98 1.16 1.03 1.06
Net Profit Margin 10.27 1.81 -0.73 2.36 3.3 0.64 0.6 55.6 15.96 15.11 -15.93
Operating Margin 15.03 2.67 -0.9 4.37 4.69 0.9 0.83 56.45 24.4 18.8 -7.41
PBT Margin 15.02 2.64 -0.91 4.36 4.69 0.87 0.82 56.43 21.32 18.64 -7.67
ROA(%) 0.84 0.14 -0.09 0.11 0.18 0.02 0.02 1.62 0.61 1.32 -1.14
ROE(%) 0.9 0.14 -0.09 0.11 0.18 0.03 0.02 1.67 0.64 1.37 -1.21
ROCE(%) 1.31 0.2 -0.11 0.2 0.26 0.04 0.02 1.68 0.98 1.71 -0.56
Price/Earnings(x) 0 0 0 291.87 42.83 178.28 430.25 86.67 69.64 44 0
Price/Book(x) 0 0 0 0.31 0.08 0.04 0.09 1.43 0.34 0.64 0.59
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.22 5.87 3.82 6.59 1.25 0.87 2.67 48.1 10.9 6.55 7.75
EV/Core EBITDA(x) 31.99 161.96 -441.63 148.18 26.69 97.55 320.35 81.17 42.37 33.93 -115.23
Interest Earned Growth(%) -83.69 -12.64 57.45 -62.17 22.14 -28.39 -24.12 1.71 100.44 183.29 -20.03
Net Profit Growth -40.81 -84.58 -163.61 222.15 70.37 -86.17 -28.38 9304.5 -42.46 168.14 -184.32
EPS Growth(%) -40.88 -84.56 -163.61 222.15 70.37 -86.17 -17.13 8000 -65.43 167.86 -184.67
Interest Coverage(x) % 1368.36 67.86 -122.59 578.47 0 39.81 51.33 2649.75 7.93 117.92 -27.57

NCL Research & Fin Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 0 0 0 0 0 0 0 0 0 0
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 100 100 100 100 100 100 100 100 100 100
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

NCL Research & Fin News

NCL Research & Fin Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 9.29 to 41.05days.
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