North Eastern Carrying Corporation Ltd (NSE: NECCLTD): NECC share saw an increase on the last trading day. The price of shares for the company increased 19 percent to Rs 37.30.
When it was time to close the markets, the shares of the company saw an increase. The company’s share ended at Rs 36.05 a gain of 15.07 percent.
Price Increased By 650 Percent In 5 Years
Over the past 5 years, the shares of the company have increased by 700 percent. However, the price of the share has seen a rise of 100 percent from its lowest level of Rs 18.40 until now.
The low of 52 weeks for the company is Rs 18.40. In the last trading day, Rs 35 share hit nearly 20 percent.
What Is Overall Performance Of The Stock In The Past Year?
In the past year, the share has experienced an increase of 82 percent. However, those who have held the share for 6 months have benefited 26.40 percent in the first six months.
The positive aspect from an investors’ perspective is that the cost of the multibagger share has increased by 39 percent within the space of a month.
The company offered bonuses in the year 2012. Then, the company offered three shares as bonus shares on a single share.
It was the first occasion that the company gave bonus shares. The company has never paid dividends in the past, never once.
How Strong Is The Firm’s Balance Sheet?
In the fiscal year that ended in June, the company earned profits of about Rs 91.84 crore during the previous quarter.
In the same quarter, the profit was Rs 2.86 crore. At the year-end, the net profit of the company increased by 155.40 percent.
North Eastern Carrying Corporation Ltd Stock Performance
| Current Price | ₹ 36.0 |
| 52-wk High | ₹ 37.4 |
| 52-wk Low | ₹ 18.0 |
| 5 Days Return | 26.36% |
| 1 Month Return | 33.59% |
Key Fundamentals Parameters
| Market Cap | ₹ 343 Cr. |
| Stock P/E | 42.7 |
| Book Value | ₹ 20.4 |
| Dividend | 0.00 % |
| ROCE | 7.38 % |
| ROE | 5.37 % |
| Face Value | ₹ 10.0 |
| P/B Value | 1.77 |
| OPM | 6.19 % |
| EPS | ₹ 0.84 |
| Debt | ₹ 103 Cr. |
| Debt to Equity | 0.53 |
North Eastern Carrying Corporation Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 52.68% |
| June 2023 | 52.68% |
| Sept 2023 | 52.68% |
| Dec 2023 | 52.68% |
| Mar 2024 | 52.68% |
| FII Holding | |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.04% |
| Mar 2024 | 0.15% |
| Public Holding | |
| Mar 2023 | 47.33% |
| June 2023 | 47.33% |
| Sept 2023 | 47.32% |
| Dec 2023 | 47.29% |
| Mar 2024 | 47.17% |
North Eastern Carrying Corporation Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 376 Cr |
| 2021 | ₹ 231 Cr |
| 2022 | ₹ 250 Cr |
| 2023 | ₹ 306 Cr |
| 2024 | ₹ 335 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 6 Cr |
| 2021 | ₹ 1 Cr |
| 2022 | ₹ 4 Cr |
| 2023 | ₹ 6 Cr |
| 2024 | ₹ 8 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience, and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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