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NECC

North Eastern Carrying NSEI:NECCLTD Stock Report

Last Price

₹25.50

Market Cap

₹1.3b

7D

9.2%

1Y

60.9%

Updated

29 Jun, 2022

Data

Company Financials
NECCLTD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

NECCLTD Stock Overview

North Eastern Carrying Corporation Limited provides transportation and logistics services in India, Nepal, Bhutan, and Bangladesh.

North Eastern Carrying Competitors

Price History & Performance

Summary of all time highs, changes and price drops for North Eastern Carrying
Historical stock prices
Current Share Price₹25.50
52 Week High₹37.95
52 Week Low₹14.00
Beta1.46
1 Month Change-7.10%
3 Month Change-21.54%
1 Year Change60.88%
3 Year Change277.78%
5 Year Change-44.63%
Change since IPO-46.88%

Recent News & Updates

Jun 23
Does North Eastern Carrying (NSE:NECCLTD) Have A Healthy Balance Sheet?

Does North Eastern Carrying (NSE:NECCLTD) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

May 11
North Eastern Carrying (NSE:NECCLTD) Could Be Struggling To Allocate Capital

North Eastern Carrying (NSE:NECCLTD) Could Be Struggling To Allocate Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...

Shareholder Returns

NECCLTDIN TransportationIN Market
7D9.2%2.2%3.0%
1Y60.9%-2.4%0.3%

Return vs Industry: NECCLTD exceeded the Indian Transportation industry which returned -1.6% over the past year.

Return vs Market: NECCLTD exceeded the Indian Market which returned 0.6% over the past year.

Price Volatility

Is NECCLTD's price volatile compared to industry and market?
NECCLTD volatility
NECCLTD Average Weekly Movement7.3%
Transportation Industry Average Movement7.0%
Market Average Movement7.0%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: NECCLTD is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NECCLTD's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984485Sunil Jainhttps://www.neccgroup.com

North Eastern Carrying Corporation Limited provides transportation and logistics services in India, Nepal, Bhutan, and Bangladesh. The company small parcels, as well as full truck load, project, and over dimensional consignments. It also offers containerized movement of cargo, packing and moving, warehousing, and third party logistics and storage facilities.

North Eastern Carrying Fundamentals Summary

How do North Eastern Carrying's earnings and revenue compare to its market cap?
NECCLTD fundamental statistics
Market Cap₹1.28b
Earnings (TTM)₹42.58m
Revenue (TTM)₹2.50b

29.9x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NECCLTD income statement (TTM)
Revenue₹2.50b
Cost of Revenue₹2.19b
Gross Profit₹310.87m
Other Expenses₹268.30m
Earnings₹42.58m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.85
Gross Margin12.41%
Net Profit Margin1.70%
Debt/Equity Ratio102.0%

How did NECCLTD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NECCLTD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NECCLTD?

Other financial metrics that can be useful for relative valuation.

NECCLTD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA14.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NECCLTD's PE Ratio compare to its peers?

NECCLTD PE Ratio vs Peers
The above table shows the PE ratio for NECCLTD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average56x
541206 Orissa Bengal Carrier
32.5xn/a₹2.5b
DRSDILIP DRS Dilip Roadlines
24.1xn/a₹1.1b
GICL Globe International Carriers
55.7xn/a₹800.4m
531977 Chartered Logistics
111.7xn/a₹610.9m
NECCLTD North Eastern Carrying
29.9xn/a₹1.3b

Price-To-Earnings vs Peers: NECCLTD is good value based on its Price-To-Earnings Ratio (29.9x) compared to the peer average (56x).


Price to Earnings Ratio vs Industry

How does NECCLTD's PE Ratio compare vs other companies in the Asian Transportation Industry?

Price-To-Earnings vs Industry: NECCLTD is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the Indian Transportation industry average (26.7x)


Price to Earnings Ratio vs Fair Ratio

What is NECCLTD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NECCLTD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NECCLTD's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of NECCLTD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NECCLTD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NECCLTD's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NECCLTD's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is North Eastern Carrying forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.5%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as North Eastern Carrying has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has North Eastern Carrying performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NECCLTD has high quality earnings.

Growing Profit Margin: NECCLTD's current net profit margins (1.7%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: NECCLTD's earnings have declined by 3.9% per year over the past 5 years.

Accelerating Growth: NECCLTD's earnings growth over the past year (197.7%) exceeds its 5-year average (-3.9% per year).

Earnings vs Industry: NECCLTD earnings growth over the past year (197.7%) exceeded the Transportation industry 118%.


Return on Equity

High ROE: NECCLTD's Return on Equity (4.3%) is considered low.


Discover strong past performing companies

Financial Health

How is North Eastern Carrying's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NECCLTD's short term assets (₹2.0B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: NECCLTD's short term assets (₹2.0B) exceed its long term liabilities (₹54.0M).


Debt to Equity History and Analysis

Debt Level: NECCLTD's net debt to equity ratio (94.3%) is considered high.

Reducing Debt: NECCLTD's debt to equity ratio has reduced from 106.2% to 102% over the past 5 years.

Debt Coverage: NECCLTD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: NECCLTD's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

What is North Eastern Carrying current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NECCLTD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NECCLTD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NECCLTD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NECCLTD's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NECCLTD has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

11.9yrs

Average board tenure


CEO

Sunil Jain (59 yo)

no data

Tenure

₹4,800,000

Compensation

Mr. Sunil Kumar Jain serves as the Managing Director at North Eastern Carrying Corporation Limited and has been its Chairman since June 06, 2009. Mr. Jain joined North Eastern Carrying on October 10, 1994...


CEO Compensation Analysis

Compensation vs Market: Sunil's total compensation ($USD60.75K) is above average for companies of similar size in the Indian market ($USD38.25K).

Compensation vs Earnings: Sunil's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: NECCLTD's board of directors are seasoned and experienced ( 11.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

North Eastern Carrying Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: North Eastern Carrying Corporation Limited
  • Ticker: NECCLTD
  • Exchange: NSEI
  • Founded: 1984
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: ₹1.275b
  • Shares outstanding: 50.20m
  • Website: https://www.neccgroup.com

Number of Employees


Location

  • North Eastern Carrying Corporation Limited
  • NECC House
  • 9062/47, Ram Bagh Road
  • Delhi
  • Delhi
  • 110006
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.