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North Eastern Carry.

₹25.9 0.8 | 3.2%

Market Cap ₹249 Cr.

Stock P/E 23.3

P/B 1.4

Current Price ₹25.9

Book Value ₹ 18.3

Face Value 10

52W High ₹37.2

Dividend Yield 0%

52W Low ₹ 18.2

North Eastern Carry. Research see more...

Overview Inc. Year: 1984Industry: Logistics

North Eastern Carrying Corporation Ltd is a reputable logistics company operating in the northeastern region. With a strong presence since its inception, NECC Ltd specializes in offering comprehensive transportation and distribution services. Their vast fleet of vehicles ensures efficient and timely delivery of goods across various sectors, including FMCG, pharmaceuticals, and industrial products. Employing cutting-edge technology, the company optimizes route planning and tracking, enhancing customer satisfaction. NECC Ltd's commitment to reliability, safety, and environmental sustainability has earned them a loyal client base and numerous industry accolades. As a market leader in the region, the company continues to expand its services and maintain its reputation as a trusted partner for all logistics needs.

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North Eastern Carry. Share Price

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Peer Comparison

North Eastern Carry. Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 70 55 55 70 82 78 72 84 74 86
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 70 55 55 70 82 78 72 84 74 86
Total Expenditure 68 51 52 65 78 74 67 79 69 79
Operating Profit 3 4 3 5 4 5 6 5 5 7
Interest 1 2 1 1 2 2 2 2 2 3
Depreciation 1 1 0 2 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 2 2 2 3 2 2 3
Provision for Tax 0 0 0 1 1 1 1 1 1 1
Profit After Tax 1 1 1 1 1 2 2 1 1 3
Adjustments -0 0 0 -0 -0 0 0 0 0 0
Profit After Adjustments 1 1 1 1 1 2 2 1 1 3
Adjusted Earnings Per Share 0.1 0.2 0.2 0.3 0.2 0.3 0.4 0.3 0.2 0.3

North Eastern Carry. Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 541 572 531 538 548 385 343 376 231 250 306 316
Other Income 0 0 1 1 1 1 1 2 2 0 0 0
Total Income 541 572 532 540 549 386 344 378 233 251 306 316
Total Expenditure 522 550 511 518 528 369 328 359 221 235 286 294
Operating Profit 19 22 21 22 20 17 16 19 12 16 21 23
Interest 8 9 9 10 9 7 6 7 7 6 8 9
Depreciation 3 4 3 3 3 3 3 3 3 4 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 9 9 9 9 6 7 9 1 6 9 10
Provision for Tax 3 3 3 3 3 2 2 2 -0 1 4 4
Profit After Tax 5 6 6 6 6 4 5 6 1 4 6 7
Adjustments 0 0 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 5 6 6 6 6 4 5 6 1 4 6 7
Adjusted Earnings Per Share 1 1.2 1 1 1 0.7 0.8 1.2 0.3 0.8 1.1 1.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% -7% -4% -6%
Operating Profit CAGR 31% 3% 4% 1%
PAT CAGR 50% 0% 8% 2%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 30% 40% 28% -9%
ROE Average 6% 4% 5% 7%
ROCE Average 8% 7% 8% 10%

North Eastern Carry. Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 55 62 67 73 78 82 87 93 95 99 105
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 4 5 7 10 6 4 2 3 8
Other Non-Current Liabilities 1 -1 -1 -0 -0 -0 -1 -1 -1 1 2
Total Current Liabilities 79 90 92 89 91 62 89 102 100 114 128
Total Liabilities 136 152 163 167 176 154 182 199 196 217 243
Fixed Assets 15 15 15 18 18 19 20 17 14 13 14
Other Non-Current Assets 4 4 4 4 4 4 4 3 3 3 3
Total Current Assets 117 134 144 144 154 131 157 179 179 201 226
Total Assets 136 152 163 167 176 154 182 199 196 217 243

North Eastern Carry. Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 5 3 4 3 4 5 6 6 6 8
Cash Flow from Operating Activities -15 -6 1 2 -2 34 -13 -4 -11 -10 -14
Cash Flow from Investing Activities -2 -3 -2 -7 -3 -3 -4 -0 0 -2 -3
Cash Flow from Financing Activities 17 7 2 4 5 -30 19 4 10 15 18
Net Cash Inflow / Outflow 0 -2 0 -0 0 1 1 -0 -0 2 0
Closing Cash & Cash Equivalent 5 3 4 3 4 5 6 6 6 8 8

North Eastern Carry. Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.96 1.16 1.02 1.04 1.03 0.71 0.84 1.18 0.26 0.79 1.07
CEPS(Rs) 1.6 1.83 1.63 1.61 1.53 1.3 1.47 1.75 0.84 1.47 1.59
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 10.23 11.39 12.41 13.45 14.49 15.2 16.04 17.22 17.48 18.26 19.35
Core EBITDA Margin(%) 3.53 3.76 3.75 3.82 3.57 4.05 4.33 4.64 4.18 6.11 6.57
EBIT Margin(%) 2.92 3.18 3.37 3.51 3.2 3.48 3.74 4.32 3.76 4.79 5.78
Pre Tax Margin(%) 1.5 1.61 1.61 1.66 1.64 1.56 2.05 2.33 0.51 2.27 3.07
PAT Margin (%) 0.96 1.1 1.04 1.05 1.02 1.01 1.32 1.7 0.62 1.7 1.89
Cash Profit Margin (%) 1.61 1.74 1.67 1.62 1.52 1.82 2.32 2.52 1.97 3.19 2.82
ROA(%) 4.19 4.35 3.52 3.43 3.27 2.35 2.7 3.36 0.73 2.06 2.51
ROE(%) 9.85 10.72 8.6 8.05 7.4 4.82 5.36 7.09 1.52 4.4 5.66
ROCE(%) 14.42 14.27 12.98 12.9 11.21 8.98 8.67 9.89 4.96 6.3 8.34
Receivable days 58.95 68.03 78.32 79.23 82.19 106.35 110.39 109.19 173.87 153.18 131.94
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 70.3 53.74 69.13 40.54 53.68 20.41 9.18 2.78 27.76 38.02 15.67
Price/Book(x) 6.6 5.47 5.7 3.14 3.83 0.96 0.48 0.19 0.42 1.64 0.86
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.79 0.71 0.86 0.56 0.69 0.33 0.31 0.23 0.52 1.02 0.66
EV/Core EBITDA(x) 22.12 18.6 21.4 13.84 18.79 7.75 6.66 4.56 10.21 16.23 9.81
Net Sales Growth(%) 13.28 5.73 -7.19 1.45 1.79 -29.77 -10.9 9.69 -38.71 8.59 22.22
EBIT Growth(%) 11.31 15.35 -1.64 5.48 -7.05 -23.73 -4.3 26.83 -46.57 38.13 47.44
PAT Growth(%) -1.38 20.67 -11.67 1.72 -0.69 -30.84 17.06 40.91 -77.62 197.7 35.55
EPS Growth(%) -1.38 20.67 -11.67 1.72 -0.69 -30.84 17.06 40.91 -77.62 197.7 35.55
Debt/Equity(x) 1.18 1.18 1.1 1.07 1.06 0.65 0.83 0.82 0.91 1.02 1.14
Current Ratio(x) 1.48 1.49 1.56 1.62 1.68 2.1 1.77 1.75 1.79 1.77 1.77
Quick Ratio(x) 1.48 1.49 1.56 1.62 1.68 2.1 1.77 1.75 1.79 1.77 1.77
Interest Cover(x) 2.06 2.02 1.91 1.9 2.05 1.81 2.22 2.17 1.16 1.9 2.14
Total Debt/Mcap(x) 0.18 0.22 0.19 0.34 0.28 0.68 1.74 4.28 2.17 0.62 1.32

North Eastern Carry. Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 52.67 52.67 52.67 52.67 52.67 52.67 52.67 52.67 52.67 52.67
FII 0.39 0.09 0 0 0 0 0 0 0.04 0.15
DII 0 0 0 0 0 0 0 0 0 0
Public 46.94 47.23 47.33 47.33 47.33 47.33 47.33 47.33 47.29 47.17
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • The company has delivered a poor profit growth of 8% over past five 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.

North Eastern Carry. News

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