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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1453 Cr.
Stock P/E
-16
P/B
6.6
Current Price
₹25.7
Book Value
₹ 3.9
Face Value
1
52W High
₹28.2
52W Low
₹ 5.5
Dividend Yield
0%

Neueon Corporation Overview

Business

Neueon Corporation Ltd. operates in the Transmission Towers and Equipment sector in India. The company is primarily involved in the manufacturing and supply of transmission line towers and related accessories. Its core business model is B2B, serving clients such as power transmission companies, government utilities, engineering, procurement, and construction (EPC) contractors, both domestically and potentially internationally. The company makes money by selling its fabricated towers and equipment, which are critical components for building and expanding power transmission infrastructure. This may also include services related to design, testing, and delivery of these products.

Revenue Mix

Based on the industry description, the primary revenue segments for Neueon Corporation Ltd. would be:

Transmission Towers: Manufacturing and supply of various types of lattice towers used for high-voltage power transmission lines.

Equipment/Accessories: Related hardware, conductors, insulators, and other components necessary for tower erection and transmission line operation.

Specific revenue contribution breakdown by product category or service is not publicly available without financial reports.

Industry

The Transmission Towers and Equipment industry in India is largely driven by government infrastructure spending, growth in power generation (especially renewables), and grid modernization initiatives. It is a capital-intensive and project-oriented sector, often characterized by competitive bidding and long project cycles. The industry includes a mix of large integrated players and smaller specialized manufacturers. Neueon Corporation Ltd. operates within this competitive landscape, likely competing with various domestic and potentially some international manufacturers and EPC firms for projects from central and state utilities, as well as private developers. Its positioning would depend on its production capacity, technical capabilities, certifications, cost efficiency, and established client relationships.

MOAT

Without specific company details, potential competitive advantages (moats) for a company like Neueon Corporation Ltd. could include:

Scale and Cost Efficiency: Larger production capacities can lead to economies of scale in manufacturing and procurement of raw materials (e.g., steel, zinc).

Technical Expertise & Certifications: Specialized engineering capabilities, adherence to stringent quality standards (e.g., ISO, utility-specific approvals), and experience in complex designs.

Established Relationships: Long-standing partnerships with key customers (e.g., Power Grid Corporation of India, state transmission utilities) and a proven track record.

Geographic Presence: Strategic manufacturing locations that allow for efficient logistics and better access to project sites.

Integrated Operations: Capabilities beyond just manufacturing, possibly including design, testing, and project management.

Growth Drivers

Key factors that could drive growth for Neueon Corporation Ltd. over the next 3-5 years include:

Government Infrastructure Push: Continued investment in power transmission and distribution infrastructure under national schemes (e.g., Green Energy Corridors, TBCB projects).

Renewable Energy Integration: Expansion of renewable energy capacity (solar, wind) necessitates robust transmission networks to evacuate power from generation sites to consumption centers.

Urbanization & Industrialization: Growing power demand from urban centers and industrial zones requires grid upgrades and expansion.

Grid Modernization: Replacement and refurbishment of aging transmission infrastructure to improve reliability and reduce losses.

Export Opportunities: Participation in global infrastructure projects, especially in developing economies.

Risks

Commodity Price Volatility: Significant fluctuations in raw material prices (primarily steel and zinc) can impact profitability due to long project cycles and fixed-price contracts.

Project Delays & Execution Risk: Delays in government approvals, land acquisition, and project execution can tie up working capital and delay revenue recognition.

Intense Competition: The presence of numerous players can lead to pricing pressures and lower margins.

Cyclical Demand: The industry's reliance on capital expenditure cycles of power utilities makes demand prone to economic downturns and policy shifts.

Working Capital Management: High working capital requirements due to inventory holding and extended payment cycles from customers (especially government entities).

Regulatory & Policy Changes: Changes in power sector policies, tendering processes, or environmental regulations could impact operations.

Management & Ownership

Neueon Corporation Ltd., like many Indian companies, is typically promoted by a founding family or group. The management quality would depend on their experience in the power transmission sector, strategic vision, operational efficiency, and corporate governance practices. The ownership structure generally includes the promoter group holding a significant stake, alongside institutional investors, high-net-worth individuals, and the public. Specific details on the promoter family, key management personnel, and exact ownership percentages are not available in the provided information.

Outlook

The outlook for Neueon Corporation Ltd. is tied to the broader Indian power transmission sector. The bullish case hinges on India's ambitious infrastructure development plans, particularly in renewable energy integration and grid modernization, which are expected to sustain demand for transmission towers and equipment. Government focus on improving power access and reliability, alongside potential export growth, could provide a strong growth trajectory. However, the bearish perspective highlights risks such as fierce competition leading to margin erosion, volatility in raw material costs, the inherent cyclicality of large-scale infrastructure projects, and challenges in working capital management due to extended payment cycles. The company's ability to manage these risks while capitalizing on demand will determine its performance.

Neueon Corporation Share Price

Live · BSE / NSE · Inception: 2006
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Neueon Corporation Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 0 0 0 0 0 5 4 4 1 6
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 6 4 4 1 6
Total Expenditure 0 0 0 0 2 7 5 71 -64 200
Operating Profit -0 -0 -0 -0 -2 -1 -0 -67 66 -193
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 24 24 23 24 24 42 22 22 17 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 -0 -58 -13
Profit Before Tax -24 -24 -24 -24 -25 -43 -22 -89 -9 -206
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -24 -24 -24 -24 -25 -43 -22 -89 -9 -206
Adjustments -0 -0 0 0 0 0 0 -0 -0 -0
Profit After Adjustments -24 -24 -24 -24 -25 -43 -22 -89 -9 -206
Adjusted Earnings Per Share -4.2 -4.2 -4.2 -4.2 -4.5 -7.6 -3.9 -15.7 -0.2 -3.7

Neueon Corporation Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1939 2268 1467 245 73 42 3 0 0 0 5 15
Other Income 3 1 1 0 0 1 1 0 2 1 0 0
Total Income 1942 2269 1468 245 73 43 4 0 2 2 6 15
Total Expenditure 1718 2010 1232 316 418 541 108 2 1 1 7 212
Operating Profit 224 259 236 -72 -345 -497 -104 -2 1 0 -2 -194
Interest 209 227 258 293 0 68 16 0 0 0 0 0
Depreciation 23 28 78 95 94 94 94 94 94 94 89 61
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -71
Profit Before Tax -7 5 -100 -459 -440 -660 -214 -96 -93 -94 -91 -326
Provision for Tax 1 1 45 32 23 15 8 -32 0 0 0 0
Profit After Tax -9 3 -145 -491 -463 -675 -222 -65 -93 -94 -91 -326
Adjustments 5 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -3 4 -145 -491 -463 -675 -222 -65 -93 -94 -91 -326
Adjusted Earnings Per Share -0.6 0.7 -25.7 -86.8 -81.8 -119.4 -39.3 -11.4 -16.5 -16.6 -16 -23.5

Neueon Corporation Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 892 897 792 295 -168 -911 -1117 -1186 -1374 -1447 947
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1111 1064 1082 1062 412 141 146 146 146 0 0
Other Non-Current Liabilities 72 343 114 146 169 183 191 159 159 306 159
Total Current Liabilities 1529 1724 1905 2222 2840 2386 2398 2406 2401 2401 77
Total Liabilities 3604 4028 3894 3725 3253 1800 1618 1526 1333 1260 1184
Fixed Assets 461 433 1661 1567 1473 1378 1284 1190 1002 908 820
Other Non-Current Assets 309 1317 22 22 22 0 0 0 0 0 0
Total Current Assets 2834 2278 2211 2136 1757 422 335 336 331 352 364
Total Assets 3604 4028 3894 3725 3253 1800 1618 1526 1333 1260 1184

Neueon Corporation Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 25 2 1 2 1 1 1 2 7 2 2
Cash Flow from Operating Activities -379 1009 194 268 577 143 1 10 -5 -21 -1227
Cash Flow from Investing Activities -113 -1007 -0 -1 0 3 17 -5 0 21 5
Cash Flow from Financing Activities 470 -3 -193 -267 -578 -146 -17 -0 -0 -0 1223
Net Cash Inflow / Outflow -23 -1 1 -0 -0 -0 1 5 -5 0 0
Closing Cash & Cash Equivalent 2 1 2 1 1 1 2 7 2 2 3

Neueon Corporation Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.62 0.73 -25.7 -86.8 -81.81 -119.37 -39.31 -11.43 -16.49 -16.57 -16.05
CEPS(Rs) 2.74 5.98 -11.85 -70.02 -65.2 -102.78 -22.66 5.16 0.09 0.06 -0.36
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 171.41 172.53 139.77 51.91 -29.9 -161.3 -197.69 -209.92 -243.17 -256.07 158.47
Core EBITDA Margin(%) 11.3 11.35 15.98 -28.82 -470.41 -1190.71 -3577.62 0 0 -1281.19 -38.32
EBIT Margin(%) 10.28 10.17 10.73 -66.91 -598.26 -1411.01 -6737.11 0 0 0 -1679.53
Pre Tax Margin(%) -0.38 0.2 -6.82 -184.52 -598.8 -1574.11 -7288.4 0 0 0 -1681.77
PAT Margin (%) -0.44 0.15 -9.88 -197.34 -629.87 -1610.93 -7565.77 0 0 0 -1681.77
Cash Profit Margin (%) 0.73 1.36 -4.56 -159.19 -502 -1387.08 -4360.54 0 0 369.95 -37.4
ROA(%) -0.26 0.09 -3.67 -12.88 -13.26 -26.72 -13.01 -4.11 -6.52 -7.23 -7.43
ROE(%) -0.97 0.38 -17.24 -90.57 -743.63 0 0 0 0 0 0
ROCE(%) 8.56 8.68 5.32 -5.36 -15.84 -29.03 -13.63 -7.27 -8.27 -10.92 -10.37
Receivable days 439.21 394.37 541.47 3091.81 9408.13 9271.81 0 0 0 0 0
Inventory Days 11.79 8.71 8.83 40.53 100.98 103.58 719.71 0 0 0 336.21
Payable days 148.35 133.03 198.14 780.69 2654.12 2469 2598.47 0 0 0 966.35
PER(x) 0 17.01 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.04 0.07 0.08 0.1 -0.1 -0.01 -0 -0 0 -0.02 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.9 0.84 1.68 11.26 37.25 58.79 842.39 0 0 0 10.42
EV/Core EBITDA(x) 7.78 7.34 10.43 -38.53 -7.85 -4.95 -23.85 -1038.1 4479.54 6867.83 -29.63
Net Sales Growth(%) 7.49 16.97 -35.33 -83.31 -70.25 -42.45 -92.99 -100 0 0 6087.27
EBIT Growth(%) 35.47 14.91 -31.89 -205.47 -164.04 -34.56 66.52 51.41 3.05 -0.48 3.29
PAT Growth(%) -1074.5 140.16 -4332.49 -237.73 5.75 -45.91 67.07 70.93 -44.33 -0.48 3.16
EPS Growth(%) -328.89 217.57 -3637.2 -237.73 5.75 -45.91 67.07 70.93 -44.33 -0.48 3.16
Debt/Equity(x) 1.91 2.05 3.03 9.25 -16.06 -2.7 -2.22 -2.09 -1.7 -1.52 0.06
Current Ratio(x) 1.85 1.32 1.16 0.96 0.62 0.18 0.14 0.14 0.14 0.15 4.7
Quick Ratio(x) 1.81 1.3 1.14 0.95 0.61 0.17 0.14 0.14 0.14 0.14 4.63
Interest Cover(x) 0.96 1.02 0.61 -0.57 -1118.27 -8.65 -12.22 0 0 0 -748.27
Total Debt/Mcap(x) 46.1 28.65 38.24 93.08 152.23 499.58 1151.06 508.61 0 95.84 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -35% -45%
Operating Profit CAGR 0%
PAT CAGR
Share Price CAGR +404% +206% +93% +11%
ROE Average 0% 0% 0% -77%
ROCE Average -10% -10% -10% -7%

Neueon Corporation Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 90 %
FII 0 %
DII (MF + Insurance) 0.18 %
Public (retail) 10 %
# Sep 2021 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 37.2736.3136.3136.3136.3136.3136.3136.319090
FII 0000000000
DII 0.880.880.880.881.771.771.771.770.180.18
Public 62.7363.6963.6963.6963.6963.6963.6963.691010
Others 0000000000
Total 100100100100100100100100100100

Neueon Corporation Peer Comparison

Transmission Towers / Equipments Edit Columns

Neueon Corporation Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Neueon Corporation Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 0 to 966.35days.
  • Stock is trading at 6.6 times its book value.
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