NCL BUILDTEK Unlisted Share

₹185

*Average Price as per 4 December, 2024

Fundamentals

FACE VALUE

BOOK VALUE

166.46

NO OF SHARES

11570000

EPS

21.03

SALES

437.03

INDUSTRY PE

33.05

DIVIDEND

DIVIDEND YIELD

0.9

15.93

2.01

0.89

MARKET CAP

387.6

EQUITY

11.57

PAT

24.34

MESSAGE

2023-24

OVERVIEW

NCL Buildtek Ltd. is a part of the prestigious ₹3000 crore NCL Group with its presence in various sectors with construction & building materials being its major chunk of portfolio. NCL Buildtek Ltd. is a 30+ year legacy brand offering multiple quality innovative product ranges in Windows, Doors, Putties, Wall Paints, textures & a strong presence in the market with Flyash blocks & Tile Adhesives.

NCL BUILDTEK LTD has four successful business verticals under its realm:

NCL Coatings Putties, Textures, Emulsion Paints
NCL Windoors Colour-Coated GI windows, ABS Doors in collaboration with KOS, South Korea, uPVC Doors & Windows in collaboration with Veka AG, Germany, and high-end Aluminium Windows in partnership with SCHUCO, Germany & it’s own line of extruded Aluminium Windows
NCL Wall Solutions AAC Blocks, Dry-Mix Cement Mortars, Tile Adhesives
NCL Services

Management

Kamlesh Suresh Gandhi - Chairman

Member of the BSE for 14 years
Director on the Board of Association of Merchant Bankers of India
He was Chairman and Managing Director of CIFCO Limited
Executive Director and Later Senior Advisor at CENTRUM Capital Limited, Advisor Fortune Financial Services Limited and Country Head at Religare Markets Limited

Bhupatiraju Subba Raju - Managing Director

Management Studies from BITS Pilani, MS in Information Systems and an MBA in General Business from Mississippi State University, Mississippi (USA)
He was employed in SVB Financial Group, Santa Clara, CA (USA) as Sr. Director, Regulatory Relations.

Timeline

1989: Alltek and Seccolor Limited was established

2005: Acquisition of Spantile India

2008: Joint Venture with ADOPEN, Turkey for uPVC extrusions

2019: Renamed as NCL Buildtek Ltd

2019: Partnership with SCHUCO, Germany

2021: Joint Venture with NCL Industries

Product Mix

Core Competencies

JV with NCL industries

In 2021, NCL Industries in consortium with NCL Buildtek Ltd has received LOA of bids aggregating to ₹1,863.19 crore for supply of material from Andhra Pradesh State Housing Corporation Ltd
The order is for supply of pre-painted (GI) steel window frame with glazed shutters and GI powder coated door frames to the APSHC as part of its implementation of Navaratnalu-Pedalandariki Illu Scheme of Andhra Pradesh government.
An order for over 8.56 lakh units of window frames with shutters is priced at Rs 1,402.71 crore and another order pertains to 7.72 lakh door frames worth Rs 460.48 crore.

INSIGHT

Quarterly Results

Financial Insights

DIVIDEND:

This company has a consistent track record of paying dividends to its shareholders every year. In FY 24, the company paid a dividend of ₹3 per share.

Contingencies:

The company has contingent liabilities of Rs 6.99 Cr that are not reflected in the financial statements, unless the contingency is deemed probable.

Significant Growth Observed in FY 2023:

The uptick in total revenue from INR 408 Cr in 2022 to INR 453 Cr in 2023 signifies a robust year-over-year growth, emphasising the firm's consistent business expansion and solid market positioning
The company's EBITDA also exhibited a noteworthy ascent. From INR 23 Cr in 2022, the EBITDA value soared to INR 46 Cr in 2023, reflecting a well-managed and efficient operation
PAT jumped from INR 8 Cr in 2022 to a substantial INR 13.5 Cr in 2023. The Earnings Per Share (EPS) followed suit, improving from 10 to 17, providing a higher return on equity to the company’s shareholders

Revenue Segments

In Crs

Segments	31st March, 2023
Coatings	101.5
Walls	125
Windoors	224
Services	0
Total	450.5

Industry Outlook

The building materials sector in India is experiencing positive growth and is expected to continue on that trajectory.

The global construction materials market was valued at around USD 1.3 trillion in 2023. This market is expected to grow at a CAGR of 3.9% between 2024 and 2032, reaching a value of USD 1.87 trillion by 2032
The Indian building materials market is estimated to be worth around USD 225-240 billion (INR 160.90 billion) in 2024. The sector is expected to grow at a rate of 5-10% annually, reaching a potential market size of over USD 300 billion in the coming years
The building material industry is a significant employer in India, providing jobs to over 50 million people
The Indian government's emphasis on infrastructure development and affordable housing schemes like "Housing for All" is creating a strong demand for building materials

ANNUAL REPORT

NCL Buildtek Annual Report 2023-24

NCL Buildtek Annual Report 2022-23

NCL Buildtek Annual Report 2021-22

Ncl Buildtek Annual Report 2020-21

Ncl Buildtek Annual Report 2019-20

Ncl Buildtek Annual Report 2018-19

NCL Builtek Annual Report 2017-18

SECONDARY NAME

NCL BUILDTEK Unlisted Share

ISIN

INE243S01010