



Services | Small Cap
Noida Toll Bridge Company Ltd presents a mixed financial picture, marked by exceptional strengths in some areas and significant weaknesses in others. The company's standout feature is its complete absence of debt, which provides a rock-solid foundation of financial stability and insulates it from risks related to interest payments and loan defaults. It also demonstrates outstanding growth in revenue and operating profits, alongside highly efficient operations, particularly in managing its assets and collecting payments from customers quickly. However, these positives are overshadowed by serious profitability issues. The company is currently not profitable, reporting losses that impact shareholder value. This results in negative earnings per share and an eroding book value. The future outlook depends critically on its ability to translate its strong operational efficiency and sales growth into positive net income. While its debt-free status provides a safety net, the ongoing losses pose a considerable risk to its long-term health and investor confidence.
Noida Toll Bridge Company Ltd presents a mixed financial picture, marked by exceptional strengths in some areas and significant weaknesses in others. The company's standout feature is its complete absence of debt, which provides a rock-solid foundation of financial stability and insulates it from risks related to interest payments and loan defaults. It also demonstrates outstanding growth in revenue and operating profits, alongside highly efficient operations, particularly in managing its assets and collecting payments from customers quickly. However, these positives are overshadowed by serious profitability issues. The company is currently not profitable, reporting losses that impact shareholder value. This results in negative earnings per share and an eroding book value. The future outlook depends critically on its ability to translate its strong operational efficiency and sales growth into positive net income. While its debt-free status provides a safety net, the ongoing losses pose a considerable risk to its long-term health and investor confidence.
Overall Valuation Score
Markets Depth NSE
Buy Orders
Bid
Quantity
Orders
No buy depth
Total
0
0
Sell Orders
Ask
Quantity
Orders
No sell depth
Total
0
0
Markets Today NSE
High
0.00
Low
0.00
Open
0.00
Close
0.00
Prev Close
0.00
Avg Price
0.00
Volume
0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
Today's Low: 0.00
Today's High: 0.00
P/E RATIO (TTM)
2.78
Industry Median
3.21
Small Cap Median
3.21
P/E RATIO
2.90
P/B RATIO
-6.22
Industry Median
0.53
Small Cap Median
0.53
P/S RATIO
N/A
Industry Median
0.73
Small Cap Median
0.73
Others
PEG RATIO
0.00
EV/EBITDA RATIO
0.00
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹4.23 as on Sep 1, 2026.
The company is experiencing a period of outstanding growth, with revenues, operating profits, and earnings per share all expanding at an exceptional pace. This signals strong market performance and successful business execution. However, this impressive growth trajectory is happening while the company's asset base is shrinking. This unusual combination suggests that growth is being achieved through means other than asset expansion, such as improved efficiency or divestitures, which raises questions about its long-term sustainability.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 23.08 | 50 | -12.5 | 90.48 | 7.5 |
| Operating Profit Growth Rate | -100 | 33.33 | 225 | -7.69 | |
| Earnings Per Share (EPS) Growth | -3.74 | 14.86 | 10.05 | -671.76 | 111.13 |
| Asset Growth Rate | -9.01 | -5.2 | -9.14 | -76.15 | 28.92 |
| Net Income Growth Rate | -2.5 | 14.63 | 8.57 | -662.5 | 111.07 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Noida Toll Bridge Company Ltd | 6.15 | 2.90 | Neutral | 12.00 | 1.52 | 28.00 |
| 2 | Akash Infraprojects Ltd | 6.02 | 62.46 | Neutral | 6.79 | 0.34 | 0.65 |
| 3 | Gayatri Highways Ltd | 5.31 | 0.06 | Highly Undervalued | -2.00 | 0.86 | 21.00 |
| 4 | Sadbhav Infrastructure Projects Ltd | 4.73 | -4.61 | Neutral | 493.00 | 0.53 | 45.00 |
| 5 | MEP Infrastructure Developers Ltd | 3.77 | -0.06 | Neutral | -202.00 | -40.67 | -273.00 |
0 Credits RemainingUnlock Deep Technical Insights in Seconds Only with Dhanarthi AI
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤17th Jan 25
Transcript of Conference Call (January 17, 2025)
BEARISH SENTIMENT
No Stock News Available at This Moment.
Noida Toll Bridge Company Ltd (NTBCL) was incorporated to develop, operate, and maintain the Delhi-Noida Direct (DND) Flyway. Its primary business involved collecting tolls under a concession agreement. However, toll collection ceased in 2016 following a court order. The company is currently engaged in legal proceedings and manages its remaining assets.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Noida Toll Bridge Company Ltd's P/E ratio (TTM) is 2.78, compared to the industry median of 3.21 and large cap median of 3.21.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Noida Toll Bridge Company Ltd's P/B ratio is -6.22, compared to the industry median of 0.53 and large cap median of 0.53.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Noida Toll Bridge Company Ltd's P/S ratio is 62.50, compared to the industry median of 0.73 and large cap median of 0.73.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Noida Toll Bridge Company Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Noida Toll Bridge Company Ltd's EV/EBITDA ratio is N/A.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Noida Toll Bridge Company Ltd's ROE is -15.69%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Noida Toll Bridge Company Ltd's ROA is 11.21%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Noida Toll Bridge Company Ltd's ROCE is 162%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Noida Toll Bridge Company Ltd's operating margin is 27.91%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Noida Toll Bridge Company Ltd's net margin is 62.79%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Noida Toll Bridge Company Ltd's current ratio is 0.87.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Noida Toll Bridge Company Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Noida Toll Bridge Company Ltd's interest coverage ratio is N/A.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Noida Toll Bridge Company Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Noida Toll Bridge Company Ltd's EPS is 111.13.
(Source line: "Ratios as of 11 Oct 2026, based on last traded price of ₹4.23. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1996
Headquarters: Noida, Uttar Pradesh
Core Offerings: Infrastructure asset management, Legal dispute resolution, Investment management
Stock Listing: NSE (NOIDATOLL), BSE (532481)
Promoter: IL&FS Transportation Networks Ltd.
Noida Toll Bridge Company Ltd. was incorporated in 1996 to undertake the Delhi-Noida Direct (DND) Flyway project. In 1997, it entered into a Concession Agreement with New Okhla Industrial Development Authority (NOIDA) and Infrastructure Leasing & Financial Services Limited (IL&FS). The DND Flyway became operational in 2001. A significant turning point occurred in 2016 when the Allahabad High Court ordered the DND Flyway toll-free, halting all toll collection, an order later upheld by the Supreme Court. Since then, the company has been primarily involved in legal challenges pertaining to the concession agreement and managing its assets.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Infrastructure Concession (DND Flyway) | 0% (Operations suspended since 2016) | N/A - Operations suspended |
DND Flyway (Historical Operations): Historically, NTBCL developed, operated, and maintained the Delhi-Noida Direct Flyway, a critical road link connecting Delhi and Noida. Toll collection was the sole source of operational revenue for this segment.
Current Activities: The company's current operations primarily involve managing its existing assets, pursuing legal remedies concerning the DND Flyway concession agreement with Noida Authority, and handling administrative and financial affairs, as active toll collection has ceased.
Mr. K Ramchand, Chairman & Non-Executive Director. An experienced professional with a background in infrastructure development, guiding the company through its current legal and administrative challenges. Mr. R. V. S. Sitaram, Whole-time Director. Also associated with the IL&FS group, he oversees the company's day-to-day management and legal matters.
No major subsidiaries reported.
Cessation of toll collection on DND Flyway in October 2016, following an Allahabad High Court order, is the most significant corporate event, leading to ongoing legal disputes regarding the concession agreement and the company's financial viability.
The Noida Toll Bridge Company Ltd share price today is ₹4.23 on NSE (NOIDATOLL), as of 11 Oct 2026.
As of 11 Oct 2026, Noida Toll Bridge Company Ltd share price is ₹4.23, with previous close ₹4.23. Today's range is ₹4.23 to ₹4.23. The 52-week range is ₹N/A to ₹N/A.
As of today, Noida Toll Bridge Company Ltd's market cap is ₹0 crore (Small Cap).
Noida Toll Bridge Company Ltd's current P/E ratio is 2.78, compared to the CEMENT AND CONSTRUCTION sector average of 31.50.
Noida Toll Bridge Company Ltd's current P/B ratio is -6.22.
Noida Toll Bridge Company Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Noida Toll Bridge Company Ltd's EPS (TTM) is ₹111.13.
Noida Toll Bridge Company Ltd (NTBCL) was incorporated to develop, operate, and maintain the Delhi-Noida Direct (DND) Flyway. Its primary business involved collecting tolls under a concession agreement. However, toll collection ceased in 2016 following a court order. The company is currently engaged in legal proceedings and manages its remaining assets.
Noida Toll Bridge Company Ltd is promoted by IL&FS Transportation Networks Ltd., holding 26.37% as of 11 Oct 2026.
Noida Toll Bridge Company Ltd is listed on NSE (NOIDATOLL) and BSE (532481). Its next quarterly results are expected on August 2024.