North Eastern Carrying Corporation Limited (NECCLTD)

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North Eastern Carrying Corporation Limited (NECCLTD) · mywealthgrid

About

North Eastern Carrying Corporation Limited operates as a logistics solution provider in transport services with a ₹156.44 Cr market cap. The company generates ₹70–96 Cr in quarterly revenues but faces significant profitability challenges, with ROE of just 3.47% reflecting poor capital efficiency.

Face value: ₹10

Market cap

₹192 Cr

P/E

24.1×

P/B

0.8×

Dividend yield

ROE

3.5%

ROCE

8.5%

Debt / equity

0.55

OPM

5.5%

EPS (TTM)

₹0.8

Book value

₹22.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profit volatility: Net profit ranged ₹0.7–3.45 Cr across recent quarters; OPM swung 2.23%–9.2%. Verify whether this reflects customer concentration or structural margin pressure.
Very low ROE: 3.47% return on capital indicates severe underutilization; with D/E 0.55, debt service pressure is elevated relative to thin margins.
No institutional backing: 0% FII/DII ownership; stock returned −32.32% YoY trading near ₹10.77 low, suggesting limited investor conviction.
Valuation stretched: PE 19.6 appears rich for 3.47% ROE and volatile earnings; verify downside risk if margins or volumes contract.

Generated analysis · source review pending

Growth drivers

Jun 2026 revenue of ₹75.58 Cr grew 9.6% vs Jun 2025 (₹69.1 Cr); sustaining volume growth would expand earnings if margins hold.
Dec 2025 OPM of 9.2% vs current 5.49% average shows profit potential; restoring peak-quarter operating performance would significantly lift earnings.
ROE of 3.47% is critically low; improved asset turns or service mix could generate earnings growth without additional capital.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹18.4+1.8%1Y

Quick read

rule-based

Pros

+Profit CAGR of 40.2% over the last 5 years

Cons

−Low return on equity of 4.6% (3-yr avg)
−Thin operating margin of 5.5%
−Modest revenue growth of 6% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 19
Growth: 34
Valuation: 64

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	538	548	385	343	376	231	250	306	335	329	308
	521	529	370	329	359	222	235	286	314	307	291
	18	19	15	14	17	9	15	20	21	22	17
OPM %	3.3%	3.5%	4%	4.1%	4.5%	3.9%	6%	6.5%	6.2%	6.7%	5.5%
Depreciation	—	3	3	3	3	3	4	3	3	3	3
Interest	9	8	7	5	7	7	6	8	9	7	9
	1	1	—	1	2	3	0	0	2	1	6
Profit before tax	9	9	6	7	9	2	6	9	10	13	11
Tax	3	3	2	2	2	0	1	4	2	3	3
Tax %	37.1%	37.9%	35.6%	35.4%	27.1%	18.8%	25.1%	38.6%	21.1%	21.3%	27.4%
	6	6	4	5	6	1	4	6	8	10	8
PAT margin %	1.1%	1%	1%	1.3%	1.7%	0.6%	1.7%	1.9%	2.4%	3.1%	2.5%
EPS (₹)	1.1	1.1	0.8	0.9	1.3	0.3	0.9	1.2	0.8	1	0.8
EPS adjusted (₹)	—	—	—	—	1.3	0.3	0.9	1.2	0.8	1	0.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	50	50	50	50	95	100	100
Reserves	—	45	49	55	99	119	127
	—	86	101	119	103	106	124
	—	16	18	20	20	20	21
Total equity & liabilities	—	196	218	243	317	345	372
	17	14	13	14	13	8	24
CWIP	—	—	—	0	0	4	0
Investments	—	0	0	0	5	5	9
	—	183	205	230	299	327	340
Total assets	—	196	218	243	317	345	372

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-11	-10	-14	-46	-21	-9
	0	-2	-3	-6	-2	-16
	10	15	18	65	17	19
Net cash flow	-0	2	0	13	-6	-6
Free cash flow	-11	-13	-18	-49	-26	-24
CFO / Operating profit %	-116.9%	-67.9%	-73%	-222.6%	-96.7%	-53.3%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	4.1%	4.5%	3.9%	6%	6.5%	6.2%	6.7%	5.5%
EBIT margin %	3.1%	3.6%	2.6%	4.5%	5.5%	5.3%	5.9%	4.4%
PAT margin %	1.3%	1.7%	0.6%	1.7%	1.9%	2.4%	3.1%	2.5%
Working capital
Receivable days	—	—	165	154	138	131	138	154
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	7	5	4	4	7	6
NWC days	—	—	159	149	134	127	132	149
Leverage
Current ratio	—	—	1.79	1.77	1.77	2.67	2.7	2.61
Debt to EBITDA	—	—	9.58	6.72	6.03	4.97	4.8	7.35
Debt to equity	—	—	0.91	1.02	1.14	0.53	0.48	0.55
Interest coverage	2.4	2.3	1.3	1.9	2.2	2.1	2.8	2.1
Asset turnover	—	—	1.17	1.15	1.26	1.06	0.95	0.83
Return ratios
Return on assets %	—	—	0.7%	2%	2.4%	2.5%	3%	2.1%
Return on capital employed %	—	—	9%	11.7%	15.8%	11.9%	9.3%	8.5%
Return on equity %	—	—	1.5%	4.3%	5.5%	4.1%	4.7%	3.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.67%	52.67%	52.67%	52.3%	54.19%	54.19%	54.19%	54.19%	54.19%	54.19%	54.19%	56.16%
	0%	0.04%	0.15%	0.12%	0.01%	0.04%	0.01%	0%	0.02%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	47.33%	47.29%	47.18%	47.58%	45.8%	45.77%	45.8%	45.81%	45.79%	45.81%	45.81%	43.84%
No. of shareholders	—	—	—	—	—	—	—	—	45,725	44,171	42,909	42,243

Promoter holding up 3.49 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
UTKARSH JAINPromoters	PledgePledge Creation	30,00,000	₹6.45 cr	7.22% → 7.22%	27 Aug 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

130 deals · 23 Aug 2021 – 23 Jul 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	5,09,981	₹41.41	₹2.11 Cr
23 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	5,09,981	₹41.34	₹2.11 Cr
22 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	13,24,733	₹41.00	₹5.43 Cr
22 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	13,24,733	₹41.04	₹5.44 Cr
22 Jul 2024	QE SECURITIES LLP	Bulk	NSE	Sell	9,39,153	₹41.12	₹3.86 Cr
22 Jul 2024	QE SECURITIES LLP	Bulk	NSE	Buy	9,16,890	₹41.02	₹3.76 Cr
22 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	7,92,813	₹39.24	₹3.11 Cr
22 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	7,92,813	₹39.36	₹3.12 Cr
22 Jul 2024	ELIXIR WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	NSE	Buy	4,90,189	₹40.61	₹1.99 Cr
22 Jul 2024	ELIXIR WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	NSE	Sell	4,90,189	₹41.48	₹2.03 Cr

1–10 of 130

1 / 13

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in North Eastern Carrying Corporation Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results4 Aug 2026

1

Bonus 3:115 Nov 2012 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

1 Oct 2026, 12:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	4.1%	4.5%	3.9%	6%	6.5%	6.2%	6.7%	5.5%
EBIT margin %	3.1%	3.6%	2.6%	4.5%	5.5%	5.3%	5.9%	4.4%
PAT margin %	1.3%	1.7%	0.6%	1.7%	1.9%	2.4%	3.1%	2.5%
Working capital
Receivable days	—	—	165	154	138	131	138	154
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	7	5	4	4	7	6
NWC days	—	—	159	149	134	127	132	149
Leverage
Current ratio	—	—	1.79	1.77	1.77	2.67	2.7	2.61
Debt to EBITDA	—	—	9.58	6.72	6.03	4.97	4.8	7.35
Debt to equity	—	—	0.91	1.02	1.14	0.53	0.48	0.55
Interest coverage	2.4	2.3	1.3	1.9	2.2	2.1	2.8	2.1
Asset turnover	—	—	1.17	1.15	1.26	1.06	0.95	0.83
Return ratios
Return on assets %	—	—	0.7%	2%	2.4%	2.5%	3%	2.1%
Return on capital employed %	—	—	9%	11.7%	15.8%	11.9%	9.3%	8.5%
Return on equity %	—	—	1.5%	4.3%	5.5%	4.1%	4.7%	3.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

Date	Category	Subject	Filing
1 Oct 2026, 12:00 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
1 Oct 2026, 11:49 am	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On October 01, 2026	PDF
30 Sept 2026, 5:48 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
28 Sept 2026, 5:23 pm	Board Meeting	Board Meeting Intimation for Consider And Approval Of Allotment Of Convertible Warrants To Promoter	PDF
28 Sept 2026, 5:07 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
11 Sept 2026, 3:39 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
10 Sept 2026, 1:46 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
4 Sept 2026, 11:46 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF

North Eastern Carrying Corporation Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

North Eastern Carrying Corporation Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Bonus issues1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Bonus issues1

Quarterly record

Insider dealing

Bulk & block deals

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1