North Eastn.Car.

Why is North Eastern Carrying Corporation Ltd falling/rising?

As of 24-Jun, North Eastern Carrying Corporation Ltd's stock is slightly rising to 16.59, following a trend reversal after three days of decline. However, it has underperformed significantly over the past year with a return of -31.42%, and faces challenges such as declining investor participation and weak long-term fundamentals.

As of 24-Jun, North Eastern Carrying Corporation Ltd's stock price is rising slightly, with a current price of 16.59, reflecting an increase of 0.03 (0.18%). This upward movement follows a trend reversal after three consecutive days of decline. The stock's performance today is reported to be in line with the sector, indicating a stabilization in its price action.<BR><BR>Despite the recent rise, the stock has faced significant challenges over the longer term. Over the past year, it has generated a return of -31.42%, which is considerably worse than the benchmark, the Sensex, which has only declined by 6.17% during the same period. Additionally, the stock has underperformed against the benchmark in each of the last three annual periods.<BR><BR>Investor participation appears to be declining, as evidenced by a notable drop in delivery volume, which fell by 65.72% compared to the five-day average. This reduction in trading activity could indicate waning interest among investors, despite the recent price increase.<BR><BR>On a more positive note, there are signs of rising promoter confidence, with promoters increasing their stake in the company by 1.97% over the previous quarter, now holding 56.16% of the company. This increase in ownership can be interpreted as a vote of confidence in the company's future prospects.<BR><BR>However, the company is grappling with weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 4.3 and a high Debt to EBITDA ratio of 6.91 times, which raises concerns about its ability to service debt. Furthermore, the company's profits have fallen by 24.3% over the past year, which adds to the negative sentiment surrounding the stock.<BR><BR>In summary, while North Eastern Carrying Corporation Ltd's stock is experiencing a slight rise, it is important to consider the broader context of its long-term underperformance, declining investor participation, and fundamental weaknesses that may continue to impact its price movements.

Which are the latest news on North Eastn.Car.?

How big is North Eastn.Car.?

As of 10th June, North Eastern Carrying Corporation Ltd has a market capitalization of 185.00 Cr, classified as a Micro Cap, with recent net sales of 503.35 Cr and a net profit of 4.44 Cr over the latest four quarters. There is no available data for shareholder's funds and total assets.

As of 10th June, <BR><BR>Market Cap: North Eastern Carrying Corporation Ltd has a market capitalization of 185.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 503.35 Cr, while the sum of Net Profit for the same period is 4.44 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is not specified, and there is no available data for Shareholder's Funds and Total Assets.

Who are in the management team of North Eastn.Car.?

The management team of North Eastn.Car includes Sunil Kumar Jain (Chairman/Executive Director), Utkarsh Jain (Executive Director), Manoj Kumar Jain (Independent Non-Executive Director), Saurav Upadhyay, Ashutosh Kumar Dubey, and Priya Singh (all Independent Directors).

The management team of North Eastn.Car includes the following individuals:<BR><BR>1. **Sunil Kumar Jain** - Chairman / Executive Director<BR>2. **Utkarsh Jain** - Executive Director & Wholetime Director<BR>3. **Manoj Kumar Jain** - Independent Non-Executive Director<BR>4. **Saurav Upadhyay** - Independent Director<BR>5. **Ashutosh Kumar Dubey** - Independent Director<BR>6. **Priya Singh** - Independent Director<BR><BR>If you need more information about their roles or the company, feel free to ask!

Who are the peers of the North Eastn.Car.?

Peers of North Eastn.Car. include Garware Offshore, Sanco Trans, Orissa Bengal, DRS Dilip Road, Sadhav Shipping, Rapid Fleet, and Maheshwari Logi. North Eastn.Car. has below average management and growth risks, with a 1-year return of -28.48%, better than Garware Offshore's -51.93% but worse than Orissa Bengal's 12.30%.

Peers: The peers of North Eastn.Car. are Garware Offshore, Sanco Trans, Orissa Bengal, DRS Dilip Road, Sadhav Shipping, Rapid Fleet, and Maheshwari Logi.<BR><BR>Quality Snapshot: Below Average management risk is observed at North Eastn.Car., Garware Offshore, Orissa Bengal, Sadhav Shipping, and the rest. Average management risk is found at Sanco Trans, DRS Dilip Road, and Maheshwari Logi. Good management risk is noted at Rapid Fleet. Below Average growth is seen at North Eastn.Car., Garware Offshore, Orissa Bengal, Sadhav Shipping, and the rest, while Average growth is present at Sanco Trans, DRS Dilip Road, and Maheshwari Logi. Rapid Fleet stands out with Good growth. Capital Structure ratings show Good at Sanco Trans and DRS Dilip Road, while Below Average is found at North Eastn.Car., Garware Offshore, Orissa Bengal, Sadhav Shipping, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Orissa Bengal at 12.30%, while Garware Offshore has the lowest at -51.93%. North Eastn.Car.'s 1-year return is -28.48%, which is better than Garware Offshore but worse than Orissa Bengal. Additionally, Garware Offshore, Sadhav Shipping, and Rapid Fleet have negative six-month returns.

What does North Eastn.Car. do?

North Eastern Carrying Corporation Ltd is a micro-cap transport services company, originally incorporated in 1984, with recent quarterly net sales of 96 Cr and a net profit of 1 Cr as of March 2026. The company has a market cap of INR 185 Cr and key financial metrics include a P/E ratio of 25.00 and a debt-equity ratio of 0.48.

Overview:<BR>North Eastern Carrying Corporation Ltd operates in the transport services industry and is classified as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated in 1984 as Prakarima Leasing Private Limited, later converted to a public limited company in 1995 under the name Prakarima Leasing Limited. The latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 96 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 185 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 25.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.48 <BR>Return on Equity: 3.43% <BR>Price to Book: 0.70 <BR><BR>Contact Details:<BR>Address: NECC House 9062/47, Ram Bagh Road Azad Market Delhi Delhi : 110006 <BR>Tel: 91-11-23517516-19 <BR>Email: cs@neccgroup.com <BR>Website: http://www.neccgroup.com

Should I buy, sell or hold North Eastern Carrying Corporation Ltd?

When is the next results date for North Eastern Carrying Corporation Ltd?

The next results date for North Eastern Carrying Corporation Ltd is 29 May 2026.

The next results date for North Eastern Carrying Corporation Ltd is scheduled for 29 May 2026.

Are North Eastern Carrying Corporation Ltd latest results good or bad?

North Eastern Carrying Corporation Ltd's latest results show record net profit and operating margins, but a 6.80% decline in net sales and poor capital efficiency raise concerns about sustainability. Investors should be cautious due to these underlying challenges.

The latest results for North Eastern Carrying Corporation Ltd present a mixed picture. On one hand, the company achieved a record net profit of ₹3.45 crores in Q3 FY26, which is the highest ever for the company, and an operating margin of 9.20%, also a record high. These figures indicate strong profitability and improved cost management.<BR><BR>However, there are significant concerns that overshadow these positive results. The company's net sales for the quarter were ₹71.97 crores, reflecting a 6.80% decline compared to the previous four-quarter average. This decline in revenue, coupled with a one-year return of -52.40%, which significantly underperforms the Sensex's +7.07%, raises red flags about the sustainability of the recent profit surge.<BR><BR>Moreover, the company's capital efficiency metrics are troubling, with a return on capital employed (ROCE) of only 4.04% and a return on equity (ROE) of 3.28%, both of which are considered below average. The stock is also trading significantly below its 52-week high, indicating a lack of investor confidence.<BR><BR>In summary, while the quarterly results show record profitability and margin expansion, the underlying issues with revenue decline and poor capital efficiency suggest that the overall outlook is concerning. Investors should be cautious, as the company faces challenges that could undermine its recent successes.

How has been the historical performance of North Eastn.Car.?

North Eastn.Car. experienced mixed financial performance from March 2013 to March 2017, with net sales peaking at 571.76 Cr in March 2014 and declining to 547.99 Cr by March 2017, while operating profit margins and cash flow showed slight declines. Overall, the company maintained a stable cash position despite fluctuations in profits.

Answer:<BR>The historical performance of North Eastn.Car. shows a mixed trend in its financial metrics over the years from March 2013 to March 2017.<BR><BR>Breakdown:<BR>Net sales for North Eastn.Car. increased from 530.65 Cr in March 2015 to 547.99 Cr in March 2017, although it peaked at 571.76 Cr in March 2014. Total operating income followed a similar pattern, reaching 547.99 Cr in March 2017. The total expenditure, excluding depreciation, was 528.93 Cr in March 2017, reflecting a gradual increase from 511.82 Cr in March 2015. Operating profit (PBDIT) was 19.76 Cr in March 2017, slightly down from 21.33 Cr in March 2016. Profit before tax showed a modest increase to 9.01 Cr in March 2017 from 8.96 Cr in March 2016, while profit after tax was 5.60 Cr in March 2017, a slight decrease from 5.64 Cr in March 2016. The earnings per share (EPS) decreased to 1.03 in March 2017 from 1.04 in March 2016. The operating profit margin was 3.48% in March 2017, down from 3.7% in March 2016, indicating a slight decline in profitability. Cash flow from operating activities was negative at -2.00 Cr in March 2017, contrasting with a positive cash flow of 2.00 Cr in March 2016. Overall, while there were fluctuations in sales and profits, the company maintained a consistent cash position with closing cash and cash equivalents remaining at 3.00 Cr from March 2015 to March 2017.

Is North Eastn.Car. overvalued or undervalued?

As of January 10, 2025, North Eastn.Car. is considered very attractive and undervalued with a PE ratio of 22.82, significantly lower than peers like Container Corporation and Aegis Logistics, and despite recent underperformance against the Sensex, it has shown substantial growth over the past five years.

As of 10 January 2025, the valuation grade for North Eastn.Car. has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 22.82, an EV to EBITDA of 14.74, and a PEG ratio of 0.85, which suggests that the stock is priced favorably relative to its growth prospects.<BR><BR>In comparison to peers, North Eastn.Car. stands out with its valuation metrics, especially when contrasted with Container Corporation, which has a PE ratio of 37.54, and Aegis Logistics, which has a PE ratio of 48.56. These comparisons reinforce the notion that North Eastn.Car. is undervalued in its sector. Additionally, while the company's recent stock performance has lagged behind the Sensex in the year-to-date period, it has shown significant growth over the last five years, outperforming the index considerably.

What is the technical trend for North Eastn.Car.?

As of May 12, 2025, North Eastn.Car's technical trend is mildly bearish, influenced by daily moving averages and monthly indicators, despite some mildly bullish signals from the weekly MACD and KST.

As of 12 May 2025, the technical trend for North Eastn.Car has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The daily moving averages are mildly bearish, and the Bollinger Bands are sideways on the weekly chart but mildly bearish on the monthly. The KST is mildly bullish weekly but mildly bearish monthly, and the OBV is mildly bearish for both time frames. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the monthly indicators.

Who are the top shareholders of the North Eastn.Car.?

The top shareholders of North Eastn.Car. are Necc Automobiles Pvt Ltd with 15.83%, Religare Finvest Ltd with 6.04%, and individual investors holding 30.38%. There are also three foreign institutional investors with 0.01%, and no mutual funds are currently invested in the company.

The top shareholders of North Eastn.Car. include:<BR><BR>1. Necc Automobiles Pvt Ltd, which holds the highest promoter stake at 15.83%.<BR>2. Religare Finvest Ltd is the largest public shareholder with a holding of 6.04%.<BR>3. Additionally, individual investors collectively hold 30.38% of the company's shares.<BR><BR>There are also three foreign institutional investors (FIIs) that hold a small portion of 0.01%, and currently, there are no mutual funds invested in the company.

What is the bonus history of the North Eastn.Car.?

The North Eastern Carrying Corporation Ltd issued a 3:1 bonus on November 15, 2012, meaning shareholders received three additional shares for every one share held, with a record date of November 16, 2012.

The North Eastern Carrying Corporation Ltd has a bonus history that includes a 3:1 bonus issue announced with an ex-date of November 15, 2012. The record date for this bonus was November 16, 2012. This means that for every one share held, shareholders received three additional shares. If you have any more questions about the company or its financial activities, feel free to ask!

Has North Eastn.Car. declared dividend?

No Dividend History Available