North Eastern Carrying Corporation Ltd

North Eastern Carrying Corporation Ltd's financial performance reveals inconsistent growth. The compounded sales growth for 3 years is -1% and TTM sales growth is -7%, indicating a slowdown. The compounded profit growth is also concerning, with a 3-year growth rate of -3% and a TTM growth rate of -21%. The operating profit margin (OPM) has remained relatively stable at around 4% annually, but this stability is not translating into bottom-line growth. The quarterly sales and profit figures show fluctuations, highlighting volatility. The company's reliance on core operations is evident, as there are no significant contributions from other income sources. Overall, the financial performance indicates a need for improved growth strategies.

The capital efficiency and returns of North Eastern Carrying Corporation Ltd are somewhat concerning. The ROCE is 7.55 and ROE is 5.37, which are below industry averages, indicating that capital and shareholder funds are not being utilized very productively. The company's asset turnover ratio is not explicitly provided, but the ratios indicate potential inefficiencies in converting assets into revenue. The cash conversion cycle has increased from 73 days in Mar 2014 to 84 days in Mar 2017, suggesting worsening working capital management. This extended cycle could tie up cash and reduce financial flexibility. The increasing cash conversion cycle indicates a potential strain on short-term liquidity and operational efficiency.

North Eastern Carrying Corporation Ltd's financial health presents a mixed outlook. The company's debt management shows increasing borrowings, with total borrowings rising from ₹73 Cr in Mar 2014 to ₹83 Cr in Mar 2017, before decreasing to ₹65 Cr in Sep 2017. The debt-to-equity ratio is not explicitly provided, but the increasing borrowings relative to equity could indicate increasing leverage. The interest coverage ratio is above 1, suggesting that the company can comfortably cover its interest obligations. The company has not paid dividends consistently, with a dividend payout of 0% each year from Mar 2014 to TTM. Therefore, stability in financial health can be maintained.

The shareholding pattern of North Eastern Carrying Corporation Ltd shows a fluctuating promoter holding. The promoter holding has decreased from 74.83% in Mar 2016 to 54.19% in Mar 2025, which could raise concerns about promoter confidence. Institutional holding by FIIs has been minimal, hovering around 0%, and DIIs have no presence. The public holding has increased correspondingly, from 25.17% in Mar 2016 to 45.81% in Mar 2025. The number of shareholders has significantly increased from 1,200 in Mar 2016 to 47,794 in Mar 2025, indicating broader public participation. The decreasing promoter holding and low institutional interest are potential areas of concern, offset by increased public participation.

There is no specific data available on off-balance sheet exposure quantification.

There is no specific data available on contingent liability evaluation.

There is no specific data available on accounting quality red flags.

There is no specific data available on foreign exchange or interest rate exposure.