RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

  • NCL Buildtek Growth

Get detailed information about the NCL Buildtek Pre IPO shares. In this research report, you will get to know about NCL Buildtek Limited Key Ratio data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

NCL Buildtek Revenue Growth

Growth in %

  • -6.98%

    1 Year

  • 0.89%

    3 Year

  • 6.08%

    5 Year

In FY21, the company's revenue decreased as the sale of manufactured goods and traded goods decreased by 8% in FY21 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 a year that was significantly impacted by the COVID-19 restrictions and lockdowns, the Coatings division saw a decline of about 4% compared to the previous year and the Windoors division showed a significant decline of about 22% primarily due to delays in the migrant labor returning and projects resuming work which form about 65% of the Windoors division orders.

NCL Buildtek Net Profit Growth(PAT)

Growth in %

  • NA

    1 Year

  • NA

    3 Year

  • NA

    5 Year

In FY21, the company's net profit growth became negative as the company's revenue decreased by 7% and the expenses like finance cost, depreciation and amortization expense and other expenses increased in FY21 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., Between the six months starting October 2020 and March 2021, steel prices saw an increase of about 30% and have continued their upward trajectory into Q1 FY22. 

NCL Buildtek EPS Growth

Growth in %

  • NA

    1 Year

  • NA

    3 Year

  • NA

    5 Year

In FY21, the company's EPS growth turned negative as the company's net profit became negative as the company's revenue decreased by 7% y-o-y while its total expenses increased by 6% y-o-y.

  • NCL Buildtek Book Value Growth

Growth in %

  • 3.68%

    1 Year

  • 5.68%

    3 Year

  • 6.54%

    5 Year

In FY21, the book value of the company increased by 3% y-o-y. The company issued bonus shares in the ratio of 1:1 in FY20 which reduced its book value per share. Moreover, the reserves and surplus for FY21 decreased by 4% y-o-y which also lead to reduce the total equity by 4% y-o-y. 

NCL Buildtek EBITDA Growth

Growth in %

  • -51.96%

    1 Year

  • -24.09%

    3 Year

  • -8.39%

    5 Year

In FY21, EBITDA decreased by 52% y-o-y as the revenue decreased by 7% y-o-y whereas total expenses increased by 6% y-o-y. The margins remained subdued due to increase in raw material prices in the second half of the year. 

NCL Buildtek Operating Profit Growth

Growth in %

  • -78.12%

    1 Year

  • -42.82%

    3 Year

  • -23.17%

    5 Year

In FY21, operating profit decreased by 78.1% y-o-y as the revenue decreased by 7% y-o-y whereas total expenses increased by 6% y-o-y. Also, the depreciation and amortization expense increased by 80% y-o-y.  

NCL Buildtek Asset Growth

Growth in %

  • -1.80%

    1 Year

  • 20.33%

    3 Year

  • 9.89%

    5 Year

In FY21, the total assets decreased by 1.8% y-o-y as the trade receivables under the current assets decreased from Rs. 108 crores to Rs. 79 crores i.e., by 27% y-o-y. Also the company recorded Rs. 10 crores trade receivables under the non-current assets.

NCL Buildtek Cash Flow from Operations

Growth in %

  • 222.98%

    1 Year

  • -21.65%

    3 Year

  • 32.69%

    5 Year

In FY21, the cash flow from operations increased by 222.98% due to decrease in trade receivables by 18.84 crores in FY21 versus trade receivables by Rs. 22.15 Crs. in FY20. Trade receivables decreased due to decrease in unsecured, considered goods. Also, there was an increase in trade payables of Rs. 17.04 Crs. in FY21 versus trade payables of Rs.10.20 Crs. in FY20. 

  • NCL Buildtek Solvency Ratios


NCL Buildtek D/E Ratio

In FY21, the company's debt to equity ratio increased to 0.7 from 0.68. 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, whereas its total equity decreased by 4% due to decrease in Net Profit in FY21.

NCL Buildtek Current Ratio

In FY21, the company's current ratio decreased by 1% y-o-y. Current assets decreased by 6.7% y-o-y due to decrease in trade receivables decreased by 28% y-o-y. Also, the current liabilities decreased by 7% y-o-y due to decrease in short term borrowings by 54% in FY21.

NCL Buildtek Quick Ratio

In FY21, the company's quick ratio decreased by 5% y-o-y. Quick assets reduced due to decrease in trade receivables by 27.2% y-o-y. Also, the current liabilities decreased by 7% y-o-y due to decrease in short term borrowing by 54% in FY21.

NCL Buildtek Interest Coverage Ratio

In FY21, the company's interest coverage ratio decreased to 0.48 from 3.03 due to increase in finance cost by 37% y-o-y. Finance cost increased as the term loans increased by 173% y-o-y and there was reduction in total revenue by 7% y-o-y. Term loans increased in current year due to foreign currency term loan of State Bank of India which was not in the case in FY20.

  • NCL Buildtek Operating Efficiency

As informed during the prior year, our Nellore plant has been fully commissioned in March 2020 and both lines are currently under production. Barring the intermittent starts and stops due to COVID restrictions, the Nellore plant is operating at about 65% capacity utilization for both lines.

NCL Buildtek Operating Profit EBIT Margin(OPM)

In FY21, EBIT margin of the company decreased by 78.1% y-o-y due to decrease in the revenues of the company by 7.2% y-o-y due to covid restrictions in FY21. Also, the company's depreciation and amortization expense increased by 79.8% y-o-y due to increase in property, plant and equipment in FY20. Moreover, the operating and other expenses increased by 11.2% y-o-y which led to reduction in EBIT which was due to increase in freight outward by 36.2% y-o-y which led to decrease in EBIT margin in 

NCL Buildtek Profit Before Tax Margin (PBT Margin)

In FY21, PBT margin of the company became negative as the revenues of the company decreased by 7% y-o-y. Also, there was an increase in total expenses by 6% y-o-y. Moreover, the interest expense increased by 37% y-o-y which led the PBT to be negative in FY21.

NCL Buildtek Profit After Tax Margin (PAT Margin)

In FY21, PAT margin of the company became negative as the revenues of the company decreased by 7% y-o-y. Also, there was an increase in total expenses by 6% y-o-y. Moreover, the interest expense increased by 37% y-o-y which led the PAT to be negative in FY21.

  • NCL Buildtek Profitablity Ratio

NCL Buildtek Return on Equity(RoE)

In FY21, the company's ROE turned negative as compared to FY20. As per dupont analysis, the major contributor explaining the decrease is net income margin, which decreased by 132% y-o-y. Asset turnover, on the other hand fell by 15.5% from FY20, which was a result of Covid-19 restriction. The equity multiplier has witnessed a marginal increase which shows the company used more of the debt to finance its assets rather than equity.

NCL Buildtek Return on Capital Employed(RoCE)

In FY21, ROCE decreased by 80% y-o-y with decrease in net income. Also, the revenues decreased by 7% y-o-y and with an increase in expenses by 6% y-o-y. Also, there is an increase in interest expense of 37% y-o-y which also led to decrease in ROCE. The jump in FY19 ROCE is due to increase in top line of the company.

NCL Buildtek Return to Assets (RoA)

In FY21, ROA turned negative with decrease in net income due to decrease in revenues by 7% y-o-y and with increase in expenses by 6% y-o-y. Also, there is an increase in interest expense of 37% y-o-y. 

  • NCL Buildtek Valuation Ratios

NCL Buildtek Dividend Yield

NCL Buildtek Earning Yield