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NCL Buildtek Unlisted Share

₹275 0 | 0%

Market Cap ₹ 318Cr.

Current Price ₹ 275

Lot Size 100

52W High ₹ 315

EPS 10.08

P/B 2.1

Face Value 10

Debt to Equity 0.68

Stock P/E 27.3

Book Value ₹ 131.7

Company

52W Low ₹ 189

Demat Account Both

ISIN INE243S01010

Valuation

No. of Shares 1.16Cr.

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NCL Buildtek Unlisted Share Price

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Price

Overview Inc. Year: 1986Industry: e-Commerce

Incorporated in 1986, NCL Buildtek Ltd. is a part of the NCL Group. The company revolves around the manufacturing of plasters, doors, windows, paints, skim coats, steel profiles, and more. NCL Buildtek Limited, formerly known as NCL Alltek and Seccolor Ltd., is the first company to manufacture Putty in India. It is the sole license holder in India for ICP plasters. They manufacture an array of products that include emulsion paints, textured paints, putty, and other cement-based products such as tile adhesives, mortars, and plasters, pre-painted steel doors, windows, partitions, glazing, fly ash bricks, and more, They are also into the fabricating of uPVC doors, windows and ABS doors. NCL Buildtek Limited has its manufacturing units in 11 locations, in different states across India.

NCL Buildtek Limited's Unlisted Share Price are updated on our website on a daily basis, to stay updated with the share price you can visit our website every two days or register with us to get daily updates on WhatsApp.

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Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Financial Data (in cr.)

FY18 FY19 FY20 FY21 FY22 YOY % FY22 CAGR % FY22
Net Sales 258.3 372.5 285.5 264.9 407.5 53.8 12.1
Total Income 259 373.8 285.9 266 408.3 53.5 12.1
Net Profit 52.3 31.7 17.4 -6.7 11.7 -274.6 -31.2
Shareholder Funds 109.1 133.1 149.1 143.5 152.4 6.2 8.7
Total Assets 200.9 287 356.5 350.1 396.3 13.2 18.5
EPS 45.2 27.39 15.01 -5.79 10.08 -274.1

Financial Docs

Type Period/Date Document
Annual Report 2022-03
Annual Report 2021-03
Annual Report 2020-03
Annual Report 2019-03
Annual Report 2018-03

NCL Buildtek Investment Thesis

Company Overview:

  • NCL BUILDTEK LTD incorporated in the year 1986. NCL Buildtek is the first company in India to manufacture putty (acrylic) and textured paint. Through the WALLS DIVISION, NCL manufactures AAC BLOCKS, DRY-MIX Cement Mortars & Wide range of Tile Adhesives. With manufacturing plants and fabrication units located in Nalgonda, Medak, Rajasthan, Andhra Pradesh, Hyderabad, Hosur, Ghaziabad, Pune, Bhubaneswar, Visakhapatnam, Guntur, Tirupati, Trichy, and a state of the art R&D unit at Kandlakoya, Hyderabad. NCL BUILDTEK LTD, (Formerly known as NCL ALLTEK & SECCOLOR LTD) is part of NCL Group comprises of ALLTEK & SECCOLOR DIVISIONS. Over period of time the product portfolio is expanded to AAC Blocks, Dry-Mix Mortars, Tile Adhesives & Flooring segments. To represent the company's entire portfolio the company is renamed as NCL BUILDTEK LTD. The Company has four successful business verticals under its realm; NCL Coatings, NCL Windoors, NCL Wall Solutions and NCL Services.

Business Segments:

NCL Buildtek has four successful business verticals under its realm: 

  • NCL Coatings - manufactures putties, textures, wide range of emulsion paints

  • NCL Windows - manufactures:

color coated GI windows

- ABS doors in collaboration with KOS, South Korea

- uPVC doors and windows in collaboration with Veka AG, Germany

- high-end aluminum windows in partnership with SCHUCO

  • NCL Wall Solutions - manufactures AAC blocks, dry-mix cement mortars and wide range of tile adhesives 

NCL Wall Solutions:

  • The paints and coatings refer to substances that are used as covering of surface material of a good to prevent it from rusting, thereby increasing the life of the goods. They can also provide a better appearance to the goods while preserving its life.

  • According to Mordor Intelligence Analysis, paints and coatings industry in India was valued at $6.60 bn in 2020 and is expected to reach $10.16 bn by 2026, registering a CAGR growth of 7.9%. White Putty demand in India witness a CAGR of more than 9% during 2015-2019 and is anticipated to grow at around 11% during the forecast period.

  • Competitive Landscape: Key players of operating in the white putty market include UltraTech Cement Ltd., J.K. Cement Limited, Asian Paints Limited, AkzoNobel India Ltd., Kansai Nerolac Paints Limited, Berger Paints India Limited, Sika India Pvt. Ltd., Walplast Products Pvt. Ltd., Sakarni Plastic (India) Private Limited, Surya Wall Care Chem Pvt. Ltd., among others

  • AAC blocks are a precast, foam concrete, sustainable construction material made from aggregates of quartz sand, calcined gypsum, lime, portland cement, water and aluminum powder.

  • AAC blocks market in India is in its growth stage, the market has been stupendously in the last few years owing to increased awareness amongst the builders and architects about the several beneficial attributes of AAC blocks over clay and fly ash bricks.

  • According to Researchdive, the AAC blocks market in India is predicted to garner Rs. 11095.0 crores in 2027 growing from Rs. 5323.8 crores in 2019, registering a CAGR growth of 14.3%.

  • AAC blocks are primarily used in commercial, industrial and residential applications.

  • Competitive Landscape: Key players of AAC blocks manufacturing include Aerocon blocks, Siporex blocks, Biltech AAC block.

NCL Windows & Doors:

  • Over the past 15 years, India has witnessed an exceptional growth in the real estate sector. With more urbanisation, construction of smart cities, changing lifestyle have given a push to new building technologies and materials. uPVC (unplasticised polyvinyl chloride) is one of such building material that has gained attention. The current Indian window and door (all material) market is around INR 14,000-15,000 crore and the market share of uPVC window and door profiles is about 8-10 %. 

  • UPVC, is low maintenance and cost effective material used in building and construction, especially in pipework and window frames. 

  • The UPVC doors and windows sector in India has grown at 7% from 2020 to 2021. As per report by Ken Research, over the next 10-15 years uPVC window and door market is expected to grow by 30% with new and replacement sales, major drivers of this growth would be large high-rise apartments in expanding metro cities.

  • UPVC doors and windows provide efficient thermal insulation and help in energy conservation and is primarily used in industrial and construction sector, commercial sectors, residential sectors and others.

Competitive Strength:

  • Increasing central and state government finances for infrastructure development projects, public funding, and a decline in construction material prices will boost the product market growth.

  • Private and public partnership projects is expected to support infrastructure development in rural areas which is expected to induce immense potential to the industry size till 2024.

  • Future growth prospects remain bright considering the foray of company into affordable housing projects and its new Nellore plant shall help the company expand its production capacity, adding to the top line by roughly 120 crores once the plant becomes fully operational.

  • The Indian UPVC doors and windows market is estimated to grow at a CAGR of more than 7% from 2021-2026.

  • India paints and coatings market is expected to cross US$7 bn by 2023, growing at a CAGR of more than 12.87% during 2018-23. The demand of these products globally is expected to increase owing to growth of applications from end-use industries, architecture segment, regional demand, changing consumer preference for bio based products and technological advancements. 

  • Planned development of nearly 100 smart cities across India has been projected to provide significant thrust to the UPVC segment in the coming years.

  • The company offers environmentally sustainable products and services with emphasis on customer satisfaction and happiness, inculcating endearing values among employees and benefiting all stakeholders. The same is evident with the acceptance of company's products by many state governments as preferred manufacturer and supplier and have been incorporated in the state SOR's for past 18 years.

  • The materials sector in India is a key constituent of the country's construction industry and It is the same category of stocks where NCL is involved in the discovery, development, and processing of raw materials. 

  • During the year, the company has partnered with Tata Pravesh to provide roll-formed steel windows which will be marketed under the Tata Pravesh brand name. This provides a note-worthy business opportunity for the company. Capacity is gradually being increased and the company is currently providing about 1000 windows per month. The partnership with the firm open new avenues for the company. 

Promoters and ShareHolding Pattern:

Peer Comparison:

Financials:

Source: Company Filing Form AOC-4

Source: Company Filing Form AOC-4

Source: Company Filing Form AOC-4

Valuations:

  • In FY22, the company's revenue decreased as the sale of manufactured goods and traded goods decreased by 8% in FY22 y-o-y. Moreover, due to the pandemic prevalence across the world and with India going into an unprecedented and complete lockdown for about 2 months in FY21, the company noticed a decline of about 7% in revenue compared to the previous year. 

  • In FY22, the company's net profit growth became negative as the company's revenue decreased and the expenses like finance cost, depreciation and amortization expense and other expenses increased in FY22 y-o-y. The margins were subdued due to a lower capacity utilization in the first half of the year and also a significant increase in raw materials prices such as steel, uPVC and binders etc.

  • In FY22, the book value of the company increased.

  • In FY22, the cash flow from operations increased due to decrease in trade receivables in FY22 versus trade receivables in FY21.

  • The company's long term debt increased by 12% y-o-y due to increase in foreign currency term loan and also increase in fixed deposits from public and shareholders.

  • In FY22, ROE turned positive from negative in FY21.

  • ROCE increased in FY22 as compares to FY21.

  • In FY22 Debt ratio increased and current ratio decreased as compared to that of FY 21.

News:

  1. NCL Group wins Andhra Pradesh government contract worth Rs 1,863 crore

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/ncl-group-wins-andhra-pradesh-government-contract-worth-rs-1863-crore/articleshow/84969535.cms?from=mdr

  1. NCL Alltek & Seccolor Changes its Name to NCL Buildtek

https://wfmmedia.com/ncl-alltek-seccolor-changes-to-ncl-buildtek/

NCL Buildtek Unlisted Shares: FAQs

1. Is trading in NCL Buildtek Limited's unlisted shares legal in India?

Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like Sharescart.com.

2. Is unlisted shares regulated by SEBI?

No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.

3. Where can I get the best NCL Buildtek Limited unlisted share price?

You will get the best price for NCL Buildtek Limited and a hassle-free buying experience only on Sharescart.com platform.

4. How can I buy NCL Buildtek Limited's unlisted shares?

NCL Buildtek Limited's unlisted shares can be easily purchased at Sharescart.com by following a few easy steps. Given below are the steps involved in the buying of these shares:

Step 1 - Confirmation on the number of shares you want to purchase of NCL Buildtek Limited at a trading price.

Step 2 - Submission of the necessary document like your Client Master Report. Certain additional documents will also be asked for by our representative if required such as a cancelled cheque and your PAN Card if you are paying from a secondary bank account which is not mentioned in your CMR.

Step 3 - The Sharescart.com representative will share the account details so that you can transfer the trade amount into the account.

Step 4 - The shares of NCL Buildtek Limited will reflect in your Demat account within 24 hours as soon as the payment is received and depending on the holidays. Our details would be available to you before the transfer.

5. How can I sell NCL Buildtek Limited unlisted shares?

NCL Buildtek Limited's unlisted shares can be easily sold at Sharescart.com by following a few easy steps. Given below are the steps involved in the of selling of these shares:

Step 1- Confirmation on the number of shares you want to sell of NCL Buildtek Limited and at what price you want to sell.

Step 2- At Sharescart, we will find a suitable buyer for you according to your requirements and if you accept the trade we will move on to the transfer and the payment aspect of the trade.

Step 3- The Sharescart representative will provide you with the Demat account details to transfer your NCL Buildtek Limited shares. They will also notify you about the additional details required from your end before the transfer of shares such as client master copy, delivery instruction slip, and more.

Step 4- Once the transfer is complete, the payment would be credited to your bank account within 24 hours, depending on the holidays.

6. What is the minimum ticket size for investment in NCL Buildtek Limited unlisted shares?

Over the years the minimum ticket size for investment has dropped as more and more people have started investing in the Unlisted market. Currently, the minimum ticket size for NCL Buildtek Limited is between 30K to 50K.

7. How to check if NCL Buildtek Limited shares are credited to my account?

Brokers or dealers provide you with a trading facility means you can buy and sell shares with your broker but when you buy shares the Depository holds your shares. There are mainly two depositories NSDL and CDSL.

If you want to check your shares in NSDL and CDSL you need to download the application (NSDL Speede App or CDSL myeasi).

  • You need to download the Application.
  • Login or Register yourself.
  • Fill in your DP Id and Client Id (NSDL DP Id starts with IN and CDSL DP & Client Id in numeric).
  • After registration, log on to your account and go to Dashboard.
  • You can see all your holding (Listed, Unlisted, Mutual Fund) there.

8. What will be the tax bearing on NCL Buildtek Limited?

The taxation on the NCL Buildtek Limited shares may vary depending on 2 Factors:

  • Short-term capital or long-term capital.
  • Pre-IPO stage (unlisted shares) or Post-IPO stage (listed shares)

Short-term capital

Unlisted shares - In unlisted shares, the taxation of short-term capital gain i.e. less than 24 months is taxable according to the investor's income tax slab.

Listed Shares - In listed shares, the taxation for short-term capital gains i.e. less than 12 months is at 15%

Long-term capital

Unlisted shares - The taxation for long-term capital gain i.e. more than 24 months is taxable at 20% with indexation benefits.

Listed Shares - The taxation for long-term capital gains i.e. more than 12 months is at 10% after an exemption of 1 lakh. There are no indexation benefits in listed shares.

9. What is the lock-in period of NCL Buildtek Limited shares?

According to the current rule issued by SEBI last year in August 2021, the lock-in period is brought down from 1 year to 6 months. This was done to entice more investors to invest their money in pre-IPO companies and startups. The lock-in period of NCL Buildtek Limited varies depending on which type of investor you are:

  • Foreign Venture Capital Investor - These investors have a lock-in period of 6 months from the procurement date of NCL Buildtek Limited shares.
  • Alternative Investment Funds II - These investors don't have to serve any lock-in period.
  • Other investors - These investors include body corporate, retail, high net-worth individuals. The lock-in period for them is 6 months from the date of listing of NCL Buildtek Limited enlisted shares.

10. How to check NCL Buildtek Limited unlisted share price daily?

You can check daily share prices of companies on our website or register with us using your phone number where you will get daily whatsapp updates on company news and other essential informations.

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