NUVOCO · Nuvoco Vistas Corporation Ltd · Construction - Raw Materials
NUVOCO · Nuvoco Vistas Corporation Ltd · Construction - Raw Materials
As of 06 Nov close
52-week range
19.2% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹3,129 Cr
Revenue YoY
PAT YoY
+20.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.8
P/S (TTM)
1
Sector P/E
32
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NUVOCO (this stock) | 28.1 | 2.8 | +3.3% | +4.1% | 0.53 | 0.0% |
| UltraTech Cement | 38.8 | 5.4 | +9.3% | +11.1% | 0.31 | +2.2% |
| Grasim Industries | 36.9 | 3.2 | +3.1% | +5.5% | 2.2 | +0.3% |
| Ambuja Cements | 23.3 | 2.6 | +11.2% | +7.5% | 0.01 | +0.5% |
Promoter
stable
FII
falling 3q
MF
17.44% (-0.43pp)
falling 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| NUVOCO | 2026-07-16 | 7316432 | 3 | WEAK | BULK |
| NUVOCO | 2026-07-15 | 7316432 | 3 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Nuvoco Vistas Corporation Limited reported a strong performance in Q1 FY27, with a 5% year-on-year increase in volume to 5.3 million tons and a 7% rise in EBITDA to INR 572 crores, marking the highest-ever first quarter results for the company. Management noted challenges from geopolitical tensions affecting raw material prices and logistical constraints due to railway prioritization for the power sector. Despite these headwinds, the company maintained cost discipline, achieving a fuel cost of INR 1.52 per mcal. The inauguration of a 2 million tons per annum grinding capacity at Surat was highlighted as a significant milestone, with further expansions planned in Kutch. Management expressed optimism about cement demand, supported by government capex growth, and indicated a commitment to operational excellence and cost efficiencies moving forward. The earnings call concluded with management emphasizing their growth strategy and market positioning.
Management highlighted strong performance and strategic growth initiatives despite facing challenges.
Sourced from an exchange-filed transcript, dated 20 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Nuvoco Vistas Corporation Limited reported its strongest annual performance for FY '26, achieving a volume of 20.4 million tons and an EBITDA of INR 1,881 crores. Management highlighted a significant increase in premiumization, reaching 43% year-on-year. The fourth quarter marked a historic high with 6 million tons in volume and an EBITDA of INR 590 crores. Management noted improvements in demand due to increased government capex, which rose by approximately 12%. The Vadraj Cement project is on schedule, with commissioning planned between Q3 FY '27 and Q1 FY '28. However, management acknowledged near-term headwinds from geopolitical uncertainties and rising costs, particularly in fuel and packaging materials, which could pressure margins. Proactive measures are being taken to mitigate these impacts. The company aims to maintain a debt level of 2x to 2.5x EBITDA while planning a capex of INR 900 crores for FY '27.
Management reported strong performance but also highlighted challenges from rising costs and geopolitical uncertainties.
Sourced from an exchange-filed transcript, dated 17 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedNuvoco Vistas Corporation Limited (NUVOCO) reported strong financial performance in FY2024-25, achieving its highest-ever quarterly consolidated EBITDA despite macroeconomic challenges. The company acquired Vadraj Cement Limited, increasing its installed capacity to 31 MMTPA by Q3 FY27. The audit highlighted key issues including contingent liabilities from legal disputes, tax disputes, and provisions for time value of money on claims receivable. The company maintains robust internal controls with no material weaknesses identified. No defaults on loans or borrowings were reported, and statutory dues are mostly settled or under dispute. The company's market capitalization stood at ₹11,002.20 crores as of March 31, 2025.
- Achieved highest-ever quarterly consolidated EBITDA in FY2024-25.
- Acquired Vadraj Cement Limited, expanding capacity to 31 MMTPA by Q3 FY27.
- Contingent liabilities include ₹427.14 crores in claims receivable from West Bengal and ongoing legal disputes.
- No material weaknesses in internal financial controls identified.
- No defaults on loans or borrowings reported; statutory dues mostly settled or under dispute.
Key takeaway: Nuvoco Vistas Corporation Limited delivered strong performance in FY2024-25 with significant capacity expansion, but faces risks from contingent liabilities and legal disputes that could affect future financial stability.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (3 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
3 occurrencesRecent (last 12 months)
The Competition Commission of India imposed a penalty of 490 crores on the company in 2016 for alleged cartelization. The company is indemnified by the erstwhile promoter group for this loss.
Earlier (1-3 years ago)
The Competition Commission of India imposed a penalty of 490 crores on the company in 2016 for alleged cartelization. The company is appealing this decision, with the Supreme Court having admitted the appeal.
The company was directed by COMPAT to pre-deposit 10% of a penalty amount and faced a regulatory action by CCI, with the Supreme Court upholding the penalty and the company seeking indemnification from the erstwhile promoter group, which disputed the obligation beyond a cap of 490 crores.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company's investment in Vadraj Cement Limited was subject to a corporate insolvency resolution process, with the National Company Law Tribunal approving the resolution plan on April 1, 2025.
Earlier (1-3 years ago)
The company has outstanding statutory dues as of March 31, 2025, for more than six months from their due dates, including excise, cess, and other taxes, with disputes pending before various appellate authorities.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has an outstanding claim receivable of Rs. 427.14 Crores from the Government of West Bengal under the West Bengal Incentive Scheme 2004, with a provision of Rs. 238.22 Crores made for the time value of money as of March 31, 2026.
Earlier (1-3 years ago)
The company has an outstanding claim receivable of ₹427.14 Crores from the Government of West Bengal under the West Bengal Incentive Scheme 2004, with a provision of ₹238.22 crores recorded for the time value of money as of March 31, 2025.
The company has an outstanding claim receivable of 427.14 crores from the Government of West Bengal under the West Bengal Incentive Scheme 2004, and significant open legal cases including those before the Competition Appellate Tribunal (COMPAT) and other material contingent liabilities.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has disclosed related-party transactions involving loans given and received, including interest, with entities such as Vadraj Cement Limited, VEGL Energy (Gujarat) Limited, and Wardha Vaalley Coal Field Private Limited, as noted in the financial statements.
Earlier (1-3 years ago)
The company has not disclosed interest accrued on Non-Convertible debentures held by Mr. Kaushikbhai K. Patel and Mrs. Toralben Kaushikbhai Patel, amounting to ₹0.43 crores and ₹0.19 crores respectively, under Related party transactions.
The company has related-party transactions with entities and individuals including Mr. Rakesh K. Patel, Mr. Hiren K. Patel, Mr. Kaushikbhai Patel, Mrs. Toralben Kaushikbhai Patel, NU Vista Limited, Nirma Limited, Constera Realty Pvt. Ltd., Nirma University, Aculife Healthcare Private Limited, and Nirma Education and Research Foundation.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has outstanding statutory dues under various acts (Central Excise, Sales Tax, VAT, Customs, Service Tax) from 2003-2004 to 2016-2017, with disputes pending before appellate authorities, and amounts net of payments made under protest ranging from 0.04 crores to 10.97 crores.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mr. Berjis Desai resigned as an Independent Director of the Company effective August 17, 2023. Mrs. Bhavna Doshi was appointed as Chairperson of the CSR Committee effective August 17, 2023, but only one meeting of the Committee was held after her appointment.