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Prices as of 8 Oct 2026 close · Not investment advice

NTC Industries Limited

NSE: NTCINDCigarettes & Tobacco Products

Share price

₹128.72

-4.67% close of 9 Oct 2026

Market cap ₹196 CrP/E 10.1 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

64

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹196 Cr

P/E ratio

10.1

P/B ratio

0.9

ROCE

11.1%

ROE

9.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹203.3052-week low ₹128.72

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Jun 2015 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Jun 2015 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 10.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 60.3×, across 5 companies. It is against its own five-year median of 19.3×, the 2nd percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 46%.

Profit growthPrice per ₹1 profitPer 1% growth
NTC Industries Limited — this one46%/yr10.1×₹0.22
Allied Blenders and Distillers Limited422%/yr87.0×—
Emami Limited5%/yr21.3×₹4.3
Zydus Wellness Limited-10%/yr71.8×—
Honasa Consumer Limited118%/yr60.3×—
Balrampur Chini Mills Limited10%/yr37.2×₹3.7

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Fast Moving Consumer Goods sector, it ranks 97 of 177 on returns, 35 of 173 on growth, 24 of 178 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 11.1% on capital, ahead of 45% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹87 crore of cash from the business but spent ₹106 crore on plant and equipment, ₹19 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹6 crore to ₹77 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 99 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 547 days for its cash to waiting 219 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 8 checks clear · 63%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹27 Cr

Revenue vs last year

-5.3%

Revenue vs last quarter

-15.6%

Net profit

₹6 Cr

Profit vs last year

+8.0%

Profit vs last quarter

+7.2%

Net margin

23.0%

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹196 Cr
Prev close
₹128.72
52w High
₹218
52w Low
₹122
Enterprise value
₹270 Cr
Beta
0.8
Price CAGR 1y
-31.0%
Price CAGR 3y
13.0%
Price CAGR 5y
-6.0%
Price CAGR 10y
11.0%

Ratios

Return on assets
6.3%
PEG ratio
0.2
P/E ratio
10.1
P/B ratio
0.9
EV / EBITDA
13.0
Industry P/E
21.0
ROCE
11.1%
ROCE 5y average
10.4%
ROE
9.5%
Debt / Equity
0.4
Interest coverage
5.3
Dividend yield
0.0%
ROE 3y average
8.0%
ROE last year
9.0%

Annual P&L

Annual revenue
₹113 Cr
Annual profit
₹20 Cr
Operating margin
19.0%
Net profit margin
17.7%
EBITDA margin
18.6%
Sales growth 3y
32.1%
Sales growth 5y
31.3%
Profit growth 3y
46.0%
Profit growth 5y
19.0%
EPS
₹13.5
Sales growth TTM
36.0%
Profit growth TTM
29.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹25 Cr
Profit latest quarter
₹6 Cr
YoY quarterly sales growth
-10.2%
YoY quarterly profit growth
7.9%
OPM latest quarter
26.2%

Balance Sheet

Book Value
₹140
Face Value
₹10.0
Total debt
₹77 Cr
Total cash
₹3 Cr
Borrowings
₹77 Cr
Reserves / Equity
13.0

Cash Flow

Operating cash flow
-₹8 Cr
Free cash flow
-₹10 Cr
FCF yield
-8.2%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
54.3%
FII holding
5.7%
DII holding
0.0%
Public holding
40.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Godfrey Phillips1,847.7521.128,8212.65198.4-44.31,205.5-18.930.3
VST Industries201.1012.33,4165.9942.4-24.4256.5-13.928.1
Elitecon Inter.7.497.41,1970.65-85.1-269.61,880.7500.646.3
NTC Industries138.9010.12020.006.17.925.2-10.311.1
Sinnar Bidi Udy.676.00270.00-0.1-171.41.24.2-3.2
Shanthala FMCG13.407.190.000.771.425.8-0.16.0
Raghunath Intl.10.955.050.000.127.30.07.8
Median170.0011.22,3071.6524.3-34.4731.0-12.129.2

Competes with: Elitecon International Limited, Godfrey Phillips India Limited, VST Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales12107.35137.631513242826273225
Expenses9.297.845.71115.181310182222222519
Material Cost7.94
Change in Inventories-0.69
Purchases of Stock-in-Trade7.84
Employee Cost0.62
Other Expenses4.32
Operating Profit2.852.181.641.662.452.633.235.795.734.444.266.906.61
OPM %23222213321724252017162226
Other Income1.861.903.94-3.060.761.591.683.643.973.022.882.393.16
Exceptional items (within Other Income)0
Interest0.090.120.110.130.911.381.851.791.761.631.611.501.28
Depreciation0.490.554.230.530.400.400.390.370.370.370.370.360.37
Profit before tax4.133.411.24-2.061.902.442.677.277.575.465.167.438.12
Tax %1614-1.6127192012242520262325
Net Profit3.482.931.26-2.611.521.952.345.545.674.363.825.716.12
EPS in Rs2.912.451.05-2.191.271.631.633.823.9132.633.934.22

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2518232422212931494260113110
Expenses22131618172019234337469188
Operating Profit35665110875142122
OPM %1030282622636261312241920
Other Income2343107465481211
Interest1432211000666
Depreciation1222222222211
Profit before tax2355116121297142626
Tax %53225212221332228252024
Net Profit2244948965112020
EPS in Rs2.161.593.543.417.984.086.737.545.294.247.831314
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
20%
5 years
31%
3 years
32%
TTM
36%

Compounded profit growth

10 years
27%
5 years
19%
3 years
46%
TTM
29%

Stock price CAGR

10 years
11%
5 years
-6%
3 years
13%
1 year
-31%

Return on equity

10 years
9%
5 years
9%
3 years
8%
Last year
9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111121212121515
Reserves22243135434659717791196195
Borrowings30292417127467468077
Other Liabilities191616181720281618203833
Total Liabilities828082818384103105113169329320
Fixed Assets303435343130282929129128127
CWIP631112426112
Investments1154422451610887
Other Assets4542414247506869742392104
Total Assets828082818384103105113169329320

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-15462-4123490-2-8
Cash from Investing Activity-5-0241151-6-3-90-2916
Cash from Financing Activity21-5-8-5-7-63-3-1-130-8
Net Cash Flow1-101-106-500-10
Free Cash Flow-2115211-12-2-7-2-10

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days552727605064957338687135
Inventory Days1295091841211312223741449312510451
Days Payable7022316892432093535625668843
Cash Conversion Cycle1143144389138761161621071268743
Working Capital Days-10065242306464443380547357-380333219
ROCE %51113141381814108911

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters666666666655545454545454
FIIs0.020.020.020.020.023.153.115.945.945.945.475.67
DIIs0.020.020.02000000000
Public343434343442434040404040
No. of Shareholders7,8748,0659,9489,8488,9378,7438,7438,7579,4229,3349,2689,165

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -30.5% (₹185.20 → ₹128.72)Brick size ₹7.97 (fixed)Bricks 23
₹140₹160₹180₹200₹129Dec '25Mar '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹128.72 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

News

News and filings about NTC Industries Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Fast Moving Consumer Goods
Industry
Cigarettes & Tobacco Products
Classification
Fast Moving Consumer Goods › Cigarettes & Tobacco Products
ISIN
INE920C01017

News impact

Big market events that reach NTC Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

No dividends, splits or big trades on record.

Documents

Annual reports, results presentations and earnings calls, straight from the source.

No documents on record yet.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.