National Central Cooling Co. PJSC (TABREED) Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.49 M

Shareholding (Dec 2010)

FII

1.81%

Held by 1 FIIs

DII

98.19%

Held by 0 DIIs

Promoter

0.00%

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

High Debt Company with a Debt to Equity ratio (avg) at times

Poor long term growth as Net Sales has grown by an annual rate of 9.59% and Operating profit at 8.20% over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at times
The company has been able to generate a Return on Equity (avg) of 9.53% signifying low profitability per unit of shareholders funds

Poor long term growth as Net Sales has grown by an annual rate of 9.59% and Operating profit at 8.20% over the last 5 years

Mojo Parameters

Stock DNA

Industry

Other Utilities

Market cap

AED 8,507 Million (Small Cap)

P/E

14.00

Industry P/E

Dividend Yield

7.36%

Debt Equity

0.75

Return on Equity

9.92%

Price to Book

1.38

Revenue and Profits:

Net Sales:

643 Million

(Quarterly Results - Jun 2025)

Net Profit:

170 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

15.73%

6 Months

3.69%

1 Year

-0.32%

2 Years

7.29%

3 Years

11.15%

4 Years

12.71%

5 Years

68.63%

National Central Cooling Co. PJSC for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

9.59%

EBIT Growth (5y)

8.20%

EBIT to Interest (avg)

3.01

Debt to EBITDA (avg)

4.93

Net Debt to Equity (avg)

0.73

Sales to Capital Employed (avg)

0.20

Tax Ratio

9.68%

Dividend Payout Ratio

77.27%

Pledged Shares

Institutional Holding

1.81%

ROCE (avg)

6.84%

ROE (avg)

9.53%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.35

EV to EBIT

16.06

EV to EBITDA

11.13

EV to Capital Employed

1.20

EV to Sales

5.26

PEG Ratio

0.14

Dividend Yield

5.31%

ROCE (Latest)

7.47%

ROE (Latest)

9.92%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Mildly Bearish

Mildly Bullish

Dow Theory

Mildly Bearish

Mildly Bullish

OBV

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2010

Shareholding Compare (%holding)

Majority shareholders

Foreign Institutions

Domestic Funds

Held in 0 Schemes (0%)

Foreign Institutions

Held by 1 Foreign Institutions (1.81%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 5.12% vs 1.26% in Jun 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 3.10% vs 3.20% in Jun 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "642.70",
          "val2": "611.40",
          "chgp": "5.12%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "318.30",
          "val2": "302.60",
          "chgp": "5.19%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "66.50",
          "val2": "58.40",
          "chgp": "13.87%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "169.60",
          "val2": "164.50",
          "chgp": "3.10%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "362.60%",
          "val2": "357.40%",
          "chgp": "0.52%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 0.76% vs 8.99% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 41.30% vs -32.65% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,433.80",
          "val2": "2,415.50",
          "chgp": "0.76%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,139.00",
          "val2": "1,147.30",
          "chgp": "-0.72%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "201.00",
          "val2": "244.40",
          "chgp": "-17.76%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-14.20",
          "val2": "-20.20",
          "chgp": "29.70%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "602.80",
          "val2": "426.60",
          "chgp": "41.30%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "325.90%",
          "val2": "333.60%",
          "chgp": "-0.77%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY

Jun'25

Jun'24

Change(%)

Net Sales

642.70

611.40

5.12%

Operating Profit (PBDIT) excl Other Income

318.30

302.60

5.19%

Interest

66.50

58.40

13.87%

Exceptional Items

0.00

Consolidate Net Profit

169.60

164.50

3.10%

Operating Profit Margin (Excl OI)

362.60%

357.40%

0.52%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Jun 2025 is 5.12% vs 1.26% in Jun 2024

Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 3.10% vs 3.20% in Jun 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

2,433.80

2,415.50

0.76%

Operating Profit (PBDIT) excl Other Income

1,139.00

1,147.30

-0.72%

Interest

201.00

244.40

-17.76%

Exceptional Items

-14.20

-20.20

29.70%

Consolidate Net Profit

602.80

426.60

41.30%

Operating Profit Margin (Excl OI)

325.90%

333.60%

-0.77%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 0.76% vs 8.99% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 41.30% vs -32.65% in Dec 2023

All Annual Results

Company CV

About National Central Cooling Co. PJSC

National Central Cooling Co. PJSC

Other Utilities

National Central Cooling Company PJSC (Tabreed), a subsidiary of Mubadala Development Company PJSC, is a United Arab Emirates-based company engaged in the provision of cooling solutions to government, commercial, residential and private organizations across the Middle East. The Company is organized into two segments: The Chilled Water segment, which constructs, owns, assembles, installs, operates and maintains cooling and conditioning systems, as well as distributes and sells chilled water for use in district cooling technologies, and the Value chain business segment, which is involved in ancillary activities relating to the expansion of Company’s chilled water business. Tabreed’s portfolio includes 66 plants across the Gulf Cooperation Council (GCC). The Company’s affiliates and subsidiaries include Qatar District Cooling Company QCSC and Bahrain District Cooling Company BSC, among others.

Company Coordinates

Company Details

Masdar City, P.O. Box 29478 ABU DHABI None : None

Tel: 971 2 2020400971 2 6455007

https://www.tabreed.ae

Registrar Details