N

Nuvoco Vistas Corporation Limited

NUVOCONSE
Market snapshot · 2026-08-10 18:51 UTC

337.90

₹-7.90 (-2.28%)

MARKET CAP

₹12.07K Cr

STOCK P/E

31.2x

52W HIGH

₹477.50

52W LOW

₹276.25

BOOK VALUE

₹286.39

EPS

₹10.82

ROE

SECTOR

Materials

DEBT/EQUITY

48.06

VOLUME

3.15L

P/B RATIO

1.18x

PEG RATIO

1.61

Sector

Materials

Themes

Cement
E
Earnings
₹463.90₹419.47₹375.05₹330.63₹286.20VolumeEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Nuvoco Vistas is an Indian cement and building-materials manufacturer. Cement drives core revenue through Concreto Uno, Duraguard, Double Bull, PSC, Nirmax, and Infracem. RMX and Other adds ready-mix concrete and modern materials, including construction chemicals, adhesives, grouts, and wall putty. Revenue grew 9.5% year-on-year, while profit increased 1,547.3%, indicating substantial operating improvement. Management expects Gujarat operations to match North India profitability within three years, offering a potential regional margin catalyst. Margins are improving, but ROE is unavailable, limiting assessment of shareholder returns. Debt-to-equity of 48.06 indicates extreme leverage, which can magnify reported ROE but increases financial risk. At 32 times earnings, the stock appears rich relative to its current growth profile and is classified as overvalued. The key open question is whether Gujarat profitability can converge without further balance-sheet pressure. Neutral sentiment appears appropriate until margin gains translate into durable cash generation.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for NUVOCO.

18.00 analysts

Price Forecast

Current
₹337.90
High Target
₹510.00
▲ +50.9%
Median Target
₹440.00
▲ +30.2%
Low Target
₹345.00
▲ +2.1%
Now₹337.90High ₹510.00Median ₹440.00Low ₹345.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
18 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹272.28 - ₹422.7680%
6M₹249.58 - ₹464.9980%
12M₹221.20 - ₹533.2780%
Realized vol: +34.3% · Drift: +7.5%

Revenue Forecast

₹ Cr
Jun '26Current₹2,692.0
Sep 2026 ETrend estimate range
High₹2,636.9Base₹2,441.6Low₹2,246.2
Sep '25: ₹2,143.0 · Dec '25: ₹2,378.0 · Mar '26: ₹2,836.0 · Jun '26: ₹2,692.0 · Sep '26: ₹2,441.6 · Dec '26: ₹2,709.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,143.02,378.02,836.02,692.02,441.62,709.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹2.75
Sep 2026 ETrend estimate range
High₹0.90Base₹0.81Low₹0.71
Sep '25: ₹0.91 · Dec '25: ₹1.57 · Mar '26: ₹2.24 · Jun '26: ₹2.75 · Sep '26: ₹0.81 · Dec '26: ₹1.39
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E0.911.572.242.750.811.39
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
77%
Analyst Consensus
Unavailable

From 18 analysts

Mean upside+29.1%

Fundamentals

Moderate

Fundamentals institutional score is 64 using growth durability 63.7.

Valuation

Attractive relative to peers

Valuation institutional score is 91 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 80 using mean target upside 29.1%; dispersion penalty 15.1; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 100 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 9 recent ticker-linked news items.

Signal Summary

Market intelligence remains Supportive. valuation and analyst consensus provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price436.1 target
Mean Upside+29.1%
Technical Score100%
Fundamental Score64%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 0.8% below historical median. Valuation is stable — currently in the undervalued zone (z-score: -0.12). Confidence: 90%.

Live forward EPS implies next-12-month EPS of ₹16.84. Applying the stock's normalized valuation corridor produces a fair range of ₹511.77 to ₹562.96, with base value near ₹542.75 (+60.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹16.84

Forward P/E

20.1x

Base Fair Value

₹542.75

Fair Range

₹511.77 - ₹562.96

Upside To Base

+60.6%

Estimate Source

Live forward EPS

Growth Estimate

+19.8%

P/E
Undervalued

5Y Average

33.69

Current

31.96

Overvalued

33.43

Undervalued

30.39

EV/EBITDA
Strongly Undervalued

5Y Average

9.40

Current

8.72

Overvalued

9.56

Undervalued

8.72

P/B
Strongly Undervalued

5Y Average

1.37

Current

1.18

Overvalued

1.57

Undervalued

1.16

Peers & Comparison

Sector: Materials · Theme: Cement

Cement Peers8 peers
Avg P/E: 46.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
STAR CEMENT LIMITED
STARCEMENTCement
+4.3%9.7%
21.7x
Undervalued
-53% vs avg
-23.4%
JK CEMENT LIMITED
JKCEMENTCement
+28.0%6.6%
44.1x
Fair
-5% vs avg
-22.7%
JK LAKSHMI CEMENT LTD
JKLAKSHMICement
+9.4%5.3%
18.8x
Undervalued
-59% vs avg
-37.5%
-0.5%2.1%
131.2x
Premium
+183% vs avg
+11.5%
JSW CEMENT LIMITED
JSWCEMENTCement
+13.1%-11.4%
-8.1%
+1.6%-9.5%
-15.8%
ACC LIMITED
ACCCement
-3.8%7.6%
13.4x
Undervalued
-71% vs avg
-23.7%
PRISM JOHNSON LIMITED
PRSMJOHNSNCement
-0.8%2.5%
49.3x
Fair
+6% vs avg
-22.2%
WHY THESE PEERS

NUVOCO VISTAS CORP LTD trades at a discount (31.2x vs peer avg 46.4x), suggesting potential undervaluation relative to the Cement cohort. Peers include STAR CEMENT LIMITED, JK CEMENT LIMITED, JK LAKSHMI CEMENT LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.69K CrJun 2026

Latest net profit

₹98 CrJun 2026

Latest EPS

₹2.75Jun 2026

Net margin

14.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr750 Cr1.50K Cr2.25K Cr3.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr750 Cr1.50K Cr2.25K Cr3.00K Cr₹0₹1₹1₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr4.50K Cr9.00K Cr13.50K Cr18.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +2,2652,1851,9962,4932,2021,9712,0172,5342,4042,1432,3782,8362,692
Expenses +2,0161,9501,7252,1481,9291,8051,8362,1532,0531,8632,0562,4422,304
Operating Profit249236271345273166181381352280322394388
OPM %11%11%14%14%12%8%9%15%15%13%14%14%14%
Other Income +292834284823233824124
Interest9297918892958980901071069691
Depreciation177151161155152156155158150165163164165
Profit before tax9165313033-77-611461344677134156
Tax %33%-96%42%35%35%-31%-27%21%32%30%27%40%37%
Net Profit +632308422-53-441169133568098
EPS in Rs0.170.900.852.370.61-1.47-1.243.232.550.911.572.242.75
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +72.02%72.02%72.02%72.02%72.02%
FIIs +3.82%5.19%5.00%4.88%4.71%
DIIs +19.10%18.09%18.09%18.35%18.00%
Public +5.06%4.69%4.90%4.75%5.27%
Others0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 08, 2026PDFCompany Reports Open

Intimation About Dispatch Of Letter To Shareholders As Per Regulation 36(1)(B) Of SEBI Listing Regulations

Aug 07, 2026PDFCompany Reports Open

Business Responsibility and Sustainability Reporting (BRSR)

Aug 07, 2026PDFCompany Reports Open

Reg. 34 (1) Annual Report.

Aug 07, 2026PDFCompany Reports Open

Notice Of 27Th Annual General Meeting

Aug 07, 2026PDFCompany Reports Open