Dashboard
1
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 7.13% and Operating profit at 4.34% 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
2
Poor long term growth as Net Sales has grown by an annual rate of 7.13% and Operating profit at 4.34% over the last 5 years
3
With ROE of 9.92%, it has a very attractive valuation with a 1.35 Price to Book Value
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-5.06%
0%
-5.06%
6 Months
0%
0%
0.0%
1 Year
3.81%
0%
3.81%
2 Years
-10.71%
0%
-10.71%
3 Years
-0.99%
0%
-0.99%
4 Years
19.05%
0%
19.05%
5 Years
11.52%
0%
11.52%
National Central Cooling Co. PJSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
7.13%
EBIT Growth (5y)
4.34%
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
0
Pledged Shares
0
Institutional Holding
1.81%
ROCE (avg)
6.84%
ROE (avg)
9.53%
Valuation key factors
Factor
Value
P/E Ratio
14
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
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bullish
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
Quarterly Results Snapshot (Consolidated) - Dec'25 - YoY
Dec'25
Dec'24
Change(%)
Net Sales
589.00
588.20
0.14%
Operating Profit (PBDIT) excl Other Income
261.10
290.70
-10.18%
Interest
76.30
49.60
53.83%
Exceptional Items
0.00
0.00
Consolidate Net Profit
51.50
153.40
-66.43%
Operating Profit Margin (Excl OI)
293.20%
338.00%
-4.48%
USD in Million.
Net Sales
YoY Growth in quarter ended Dec 2025 is 0.14% vs -0.74% in Dec 2024
Consolidated Net Profit
YoY Growth in quarter ended Dec 2025 is -66.43% vs 0.52% in Dec 2024
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
2,456.30
2,431.60
1.02%
Operating Profit (PBDIT) excl Other Income
1,142.30
1,139.00
0.29%
Interest
249.80
201.00
24.28%
Exceptional Items
-10.20
-14.20
28.17%
Consolidate Net Profit
495.90
602.80
-17.73%
Operating Profit Margin (Excl OI)
322.40%
326.20%
-0.38%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 1.02% vs 0.67% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is -17.73% vs 41.30% in Dec 2024
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
Registrar Details






