NECCLTDServices

North Eastern Carrying Corporation Limited

Logistics Solution Provider · ISIN INE553C01016 · BSE 534615 · NSE BE · FV ₹10
Last price
₹19
-0.79%today
What this company does

North Eastern Carrying Corporation Limited operates in Logistics Solution Provider, part of the Services sector. It booked ₹76 cr of revenue in its latest quarter (Q1 FY27) and kept 2.7% of sales as profit.

In the report:
41out of 100
Equitytale Health Score
Strained

Healthier than 41% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 17–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
65

At close. Not part of the score.

Profitability & returns32

How much profit it earns on the money it employs

Balance sheet36

How much it owes, and whether earnings cover the interest

Cash quality6

Whether reported profit actually arrives as cash

Growth & consistency55

Whether sales and profit have grown, and how steadily

Valuation54

What today's price implies, against our models or its peers

Governance & risk83

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 9% vs last year
Profit up 13% vs last year
Promoters hold 56%
Watch-outs
! Thin 2.7% net margin
! 10.4% of promoter stake pledged
! Low 3.5% return on equity
! Operating cash flow is negative

What if I invest in NECCLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹19 -0.79%
latest close · 2026-09-17
1-year return
+2.3%
52-wk low ₹1452-wk high ₹38
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.1Average
LowAverageHigh
P/B ratio0.87Below book
Below bookModerateHigh
EV / EBITDA12.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.5%Weak
WeakFairStrong ▸15%
Return on capital8.9%Fair
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin8.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.55Moderate
LowModerateHigh ▸1
Interest cover2.6×Okay
RiskyOkayStrong ▸5×
Current ratio2.61Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹197 cr
Book value
₹22
EPS
₹0.18
latest quarter
Net debt
₹115 cr
owes more than its cash
Enterprise value
₹311 cr
EBITDA
₹25 cr
annualised
EBIT
₹22 cr
annualised
Operating margin
7.2%
Return on assets
2.2%
Earnings yield
3.83%
P/S
0.65
Sales / share
₹28.9
Tax rate
38.9%
Face value
₹10
Shares
10.5 cr
Working capital
₹208 cr
Current assets
₹338 cr
Current liabilities
₹129 cr
Delivery %
65.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹16₹17, midpoint ₹17

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹76 cr
Other Income₹2 cr
Total Income₹77 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹4 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹74.7 L
Other Expenses₹67 cr
Total Expenses₹74 cr
Profit before Tax₹3 cr
Tax Expense₹1 cr
Net Profit₹2 cr
Net margin on total income2.6%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹4 cr4.8%
Finance costs₹2 cr2.7%
Depreciation & amortisation₹74.7 L1.0%
Other expenses₹67 cr87.2%
Tax expense₹1 cr1.7%
Profit for the period₹2 cr2.6%
Total income ₹77 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue72 cr96 cr76 cr
Total income73 cr98 cr77 cr
Expenses69 cr97 cr74 cr
Profit before tax5 cr86 L3 cr
Tax1 cr16 L1 cr
Net profit (owners' share)3 cr70 L2 cr
Net margin (owners' share, on revenue)4.8%0.7%2.7%
EPS (₹)0.340.080.18
YoY (latest quarter): total income +11.6% · net profit +13.0%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹372 cr
Shareholder equity
₹227 cr
parent shareholders
Total debt
₹124 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹-9 cr
Investing
₹-11 cr
Financing
₹18 cr
Peer comparison
Logistics Solution Provider · by market value
CompanyPriceMarket capP/E
Container Corporation of India Limited₹488₹37,178 cr34.6
Delhivery Limited₹426₹31,897 cr247.6
Shadowfax Technologies Limited₹252₹14,724 cr56.7
Blue Dart Express Limited₹4,811₹11,417 cr32.3
Shiprocket Limited₹121₹7,694 cr
Transport Corporation of India Limited₹827₹6,364 cr15.0
TVS Supply Chain Solutions Limited₹130₹5,743 cr69.2
VRL Logistics Limited₹288₹5,037 cr15.6
Mahindra Logistics Limited₹390₹3,865 cr38.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Rights issue10:92 Jun 2023
Bonus issue1:315 Nov 2012
Who owns it · 2026-06-30
10.4% pledged
Promoter
56.2%
Public
43.8%
Promoter stake up 3.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldN.E.C.C. SECURITIES PRIVATE LIMITED · Promoter Group5.00 L · ₹84.5 L2 Sep 26
SoldN.E.C.C. SECURITIES PRIVATE LIMITED · Promoter Group5.00 L · ₹87.5 L26 Aug 26
SoldN.E.C.C. SECURITIES PRIVATE LIMITED · Promoter Group5.00 L · ₹87.5 L26 Aug 26
Bulk / block deals
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE5.10 L @ ₹41.4123 Jul 24
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE5.10 L @ ₹41.3423 Jul 24
SoldQE SECURITIES LLP · NSE9.39 L @ ₹41.1222 Jul 24
Stake changes
SoldNECC Securities Private Limited · promoter→ 13.44% · 5.00 L27 Aug 26
BoughtMr. Sunil Kumar Jain · promoter→ 8.09% · 45.00 L6 Jun 26
BoughtSunil Kumar Jain · promoter→ 3.96% · 39.55 L4 Apr 24
Promoter pledges
PledgedAC Agarwal shares Brokers Pvt LTd30.00 L · 0.00% held26 Aug 25
PledgedAC Agarwal Shares Brokers Pvt. Ltd.31.00 L · 0.00% held6 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 10 Sep 2026
See the official result
1
To receive, consider, approve and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 along with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
21.78 L votes for, 9,522 against
2
To appoint a Director in place of Mr. Utkarsh Jain, Director, who retires by rotation and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
21.74 L votes for, 13,835 against
3
To Re-appoint M/s Nemani Garg Agarwal & Co., Chartered Accountant, as Statutory Auditors of the Company for a term of five consecutive years.
Backed by 99% of shareholders other than promotersneeded 50%
21.71 L votes for, 16,515 against
4
Re-appointment of Mr. Sunil Kumar Jain as the Chairman and Managing Director and Key Managerial Personnel of the Company, liable to retire by rotation, for a further term of five years and during the tenure of his re-appointment, Mr. Sunil Kumar Jain shall be entitled to remuneration by way of salary, allowances and other benefits, aggregating up to Rs. 85 Lakhs per annum.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
21.71 L votes for, 16,515 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 56.2% between them · as of 2026-06-30
NECC AUTOMOBILES PRIVATE LIMITED15.15%
NECC SECURITIES PRIVATE LIMITED13.92%
VANYA JAIN9.13%
SUNIL KUMAR JAIN8.09%
UTKARSH JAIN6.91%
SUVI DEVELOPERS PRIVATE LIMITED2.97%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
2 fundraises spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹8.1 L raised in Feb 2025 by offering new shares to existing shareholders
⚑ company reported a change of plan

As of Jun 2026, the company says it has spent 0% of what it set aside.

Addition of new objects as decided by the Management of the Companythe company’s own explanation, as filed · shareholders approved the change
Construction & Development of warehouse
now filed as: Construction & Development of warehouse
budget changed
0%
of what was set aside
General Corporate Purpose
now filed as: General Corporate Purpose
budget changed
0%
of what was set aside
No Original Object
now filed as: To invest in the shares of M/s. SG Logistic Management Pvt. Ltd
budget changed
0%
of what was set aside
No Original Object
now filed as: Repayment of Unsecured Loan
budget changed
0%
of what was set aside
No Original Object
now filed as: Repayment of Term Loans
budget changed
0%
of what was set aside
Spent by quarter: 4%0%0% (to Dec 2025) · 2 earlier quarters are left out because the company restated its figures

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹8.1 L raised in Feb 2025 by selling shares to the public
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 0% of what it set aside.

Addition of new objects as decided by the Management of the Companythe company’s own explanation, as filed · shareholders approved the change
Construction & Development of warehouse
now filed as: Construction & Development of warehouse
budget changed
0%
of what was set aside
General Corporate Purpose
now filed as: General Corporate Purpose
budget changed
0%
of what was set aside
No Original Object
now filed as: To invest in the shares of M/s. SG Logistic Management Pvt. Ltd
budget changed
0%
of what was set aside
No Original Object
now filed as: Repayment of Unsecured Loan
budget changed
0%
of what was set aside
No Original Object
now filed as: Repayment of Term Loans
budget changed
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.