NCL Buildtek Limited Unlisted Shares

NCL ALLTEK & SECCOLOR LIMITED

According to corporate Report shareholdings filed for September 30, 2018, holds 1 stock with a net-worth of over Rs. 19.0 Cr. All Shares are carry by as per the corporate filings. Latest quarter move to have missing data since not all companies may have reported their shareholding data till now.

Seccolor Provide best quality service such as windows, doors, partitions, glazing’s and other with new technology from M/s Industrie Secco S.P.A, Italy and High quality uPVC windows and doors made of Wintech profiles. Arms Securities Sell best price of NCL ALLTEK & SECCOLOR Shares in Delhi, Mumbai, India, Unlisted Shares. NCL Alltek and Seccolor Limited Shares Price.

NCL ALLTEK & SECCOLOR LIMITED – AN UNLISTED, SOLE LICENSE ICP PLASTER COMPANY OF INDIA

EQUITY : 5.78 Crs.
FACE VALUE : 10

COMPANY OVERVIEW:

NCL ALLTEK & SECCOLOR LIMITED part of Rs. 1350 crs NCL Group which has 3 decades of experience in providing alternative and innovative building materials was incorporated in 1996 at Hyderabad. Buy NCL ALLTEK & SECCOLOR ltd Shares. NCL ALLTEK undertakes its business under 2 divisions:

ALLTEK – NCL ALLTEK is engaged in manufacturing Alltek Plasters (i.e ICP plasters) in collaboration with International Coating Products (ICP), Sweden. It is the sole license in India to manufacture ICP plasters. Besides this the division is also engaged in manufacturing spray plasters, textured paints, skim coat (white Putty), primers, etc.

SECCOLOR – This division is engaged in manufacturing of pre-painted steel doors, windows, partitions, glazings, etc in technical collaboration with Industrie SECCO S.P.A , ITALY.

Financials of NCL Buildtek Limited (Previously NCL Alltek & Seccolor Limited) Unlisted Shares:

(Figures in Crores)

Year	Revenue	EBITDA	EBITDA Margins	PBT and Exceptional profit	Exceptional profit	PAT	EPS
2018	258	38	14.7%	28	38	52	44
2019	373	59	15.8%	46	1.25	31	25
2020	285	35	12.58%	19	0.07	19	16.4

Year	Net-worth	Debt	D/E	Equity	FV
2018	109	30	0.28	5.7849	10
2019	133	78	0.59	5.7849	10
2020	149	113	0.75	11.5697	10

Financial Analysis of FY18-19

1. The company has excellent growth of 45% in FY18-19 as compared to last year.
2. The FY19 profit is 30 Cr vs 51 Cr last year( including exceptional gain).
3. The FY19 EPS ( without exceptional profit) is Rs. 52 vs 31 last year.
4. The company is planning for an IPO of 300 Cr, which will be the mix of Fresh Issue and OFS.
5. The company has proposed bonus shares in a 1:1 ratio in FY18-19.
6. The company is currently available at Mcap of 231 Cr. The company is currently available at P/E of 7.54x and Mcap/Revenue<1.

Financial Analysis of FY19-20

1. The revenue has fallen 23% in FY19-20 due to a slowdown in the economy and the company not getting good orders from the AP government.
2. EBITDA and PAT have also fell by 40% and 38% respectively.
3. The company has clocked an EPS of 16 per share.
4. P/E = 12.5x.
5. In FY19-20, the company has given a dividend of Rs. 2.50 per share.

FY20-21 Results Update

Particulars (in Cr)	9MFY21	9MFY20
Sales	169	218
COGS	92	117
Purchase of traded goods	2	4
Change in Inventory	0.5	0.1
Employee Benefit Expense	28	28
Other Expenses	35	41
Operating Profit	12.5	28.1
OPM %	7%	13%
Other Income	0.42	0.16
Interest	10	7
Depreciation	8	4
Profit before tax	-8	15
Tax	0.3	5
Net Profit	-8	10
Shares	1.15697	1.15697
EPS in Rs	-6.9	8.6

Six Year Analysis of NCL Buildtek Limited

Particulars(cr)	2015	2016	2017	2018	2019	2020
Revenue	163	178	301	273	373	285
EBIT	25.77	24	35.48	33.62	54.18	29.34
Capital Employed	127	140	201	190	176	224
ROCE	20%	17%	18%	18%	31%	13%
PAT	17.43	14.81	34.29	49.49	30.94	17.36
CFO	1.34	10.09	-6.22	86.31	10.11	16.02
Capex	25.74	18.57	10.91	35.75	52.47	50.33
Free Cashflow	-24.4	-8.48	-17.13	50.56	-42.36	-34.31
Cash in hand	2.26	4.94	10.04	18.87	15.72	5.19
Dividend Amount	2.89	2.89	3.18	3.18	3.82	3.49
Shares outstanding	0.5789	0.5789	0.5789	0.5789	0.5789	1.1570
DPS	5.0	5.0	5.49	5.49	6.60	3.02

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NCL Buildtek Limited Unlisted Shares – Company Overview

NCL BUILDTEK LIMITED, (Formerly known as NCL ALLTEK & SECCOLOR LIMITED) is a part of NCL Group. The company has expanded its product portfolio to AAC Blocks, Dry-Mix Mortars, Tile Adhesives & Flooring segments. And mainly to represent the company’s complete portfolio, the company’s name was changed to NCL Buildtek Limited.

Now NCL Buildtek Ltd is successfully working in four business verticals; NCL Coatings, NCL Windoors, NCL Wall Solutions and NCL Services.

In Coatings division, Putties, textures, wide range of emulsion paints are manufactured. In Windoors division, the company manufactures colour coated GI windows, and over a period started manufacturing ABS Doors in collaboration with KOS, South Korea, uPVC Doors & Windows in collaboration with Veka AG, Germany, and high-end Aluminium Windows in partnership with SCHUCO, Germany. AAC Blocks, Dry Mix Cement mortars & tiles adhesives come under the roof of Walls division.

NCL is the sole licensee in India for ICP plasters. Alltek was the first company to manufacture putty (acrylic) and textured paint.

Manufacturing plants and fabrication units are located in Mattapally-Nalgonda, Ratnapuri-Medak, Chopanki- Rajasthan, Vijayawada-AP, Nellore- AP, Gundlapochampally-Hyderabad, Hosur, Ghaziabad, Pune, Bhubaneswar, Visakhapatnam, Guntur, Tirupati, Trichy, Jeedimetla-Hyderabad and a state of the art R & D unit at Kandlakoya, Hyderabad. The company works with a network of over 6 Depots C&F Distributors, servicing over 1500 dealers and hundreds of builders, and Government departments (like Housing, MES, CPWD, defense, Infrastructure, etc).

NCL BUILDTEK LIMITED plans to come up with an IPO of around 300 Crore. However, due to COVID-19 pandemic, the plans are kept on hold. It will be a fresh issue of shares and promoters are also expected to offer their stake with an Offer for Sale.

NCL Buildtek Unlisted Share Details as of March 31, 2022

NCL Buildtek Outstanding Shares:	1,15,70,000
Face Value of NCL Buildtek Unlisted Share:	Rs. 10 Per Equity Share
ISIN of NCL Buildtek Unlisted Share:	INE243S01010
Lot Size of NCL Buildtek Unlisted Share:	100 Shares
NCL Buildtek Share Price:	Best in Industry
PAN Number of NCL Buildtek:	AACCA9318G

NCL Buildtek Limited Incorporation Details

CIN of NCL Buildtek	U72200TG1986PLC006601
Registration Date of NCL Buildtek	11 July 1986
Category / Sub-Category of NCL Buildtek	Public Limited Company, Limited by Shares
NCL Buildtek Registered office address	10-3-162, 5th Floor, NCL Pearl, Sarojini Devi Road, East Marredpally, Secunderabad, Hyderabad-500026
NCL Buildtek Registrar & Transfer Agent address	Venture Capital And Corporation Investment Private Limited 12-10-167, Bharat Nagar,Hyderabad – 500 018

NCL Buildtek Limited Principal Business Activities

Name and Description of main products / services	NIC Code of the Product/service	% to total turnover of the company
Spray Plasters	20229	20.30%
Doors & Windows (Steel & UPVC)	22209	48.95%
Fly ash Bricks	26931(3204)	14.41%

NCL Buildtek Limited Board of Directors

Mrs. Rajni Mishra (Chairperson)

Mr. K. Madhu (Vice Chairman)

Mr. Ashven Datla (Vice Chairman)

Mr. Kamlesh Gandhi (Independent Director)

Mr. D. Niranjan Reddy (Independent Director)

Mr. K. Narasaraju (Independent Director)

Mr. K. Ravi (Director)

Mr. P. Aditya Krishna Varma (Executive Director)

Mr. K. Satya Subram (Executive Director)

Mr. K.A. Reddy (Joint Managing Director)

Mr. Bh. Subba Raju (Managing Director)

NCL Buildtek Limited Particular of Subsidiary Companies

Name of the Company	Subsidiary/Associate	% of shares held
NCL ASL Services Pvt. Ltd. (Formerly Span Tile Manufacturing Company Private Limited)	Subsidiary	100%
NCL Veka Ltd (Formerly NCL Wintech India Limited)	Associate	23.7%

NCL Buildtek Limited Shareholding Pattern (As of 31-03-2020)

S. No.	Shareholders’ Name	No. of Shares	% of total Shares of the company
1	Promoter and promoter groups	79,28,984	68.53%
2	Public Shareholding	36,40,752	31.47%
	Total	1,15,69,736	100%

Industry Outlook

Covid 19 pandemic impacted the Construction Industry very intensely. Construction Industry employs nearly 5.1 Crore people (the second largest employer in the country) and it contributes around 9% to the country’s GDP. The Construction Industry in India is expected to see a steep upside curve in FY 2021-2022. The constructions sector is expected to increase by 11-12% in 2021.

The growth will mainly be driven by investments in residential, infrastructure and energy projects under flagship programs such as the 100 Smart Cities Mission, Housing for All 2022, the Atal Mission for Urban Rejuvenation and Transformation (AMRUT), the National Skill Development Mission (NMSD), Pradhan Mantri Gram Sadak Yojana (PMGSY), Make in India, and Power for All (PFA) by Indian Government.

According to the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), construction is the third-largest sector in terms of FDI inflow.

The budget 2021 has proposed to set up a DEVELOPMENT FINANCIAL INSTITUTION (DFI). It will be called as National Bank for Financial Infrastructure and Development, which is expected to have an initial capital base of Rs. 20,000 Crore. This would enable FPIs to debt finance REITs, which would likely assist cash stressed real estate sector.

India’s Union Budget 2021 – 22 has given a major boost to the country’s construction industry with a planned capital expenditure of US$75.8 billion, which is an increase of 34.5% from last year’s budget.

In addition, to facilitate growth, Indian Government has relaxed foreign investment norms for the industry by allowing 100% FDI under automatic route in completed projects for operations and management of townships, malls/shopping complexes, and business constructions.

The country’s urban population is expected to be 50 percent of the total population by 2025. This will be a definite boost to Construction Industry. The real estate sector in India is expected to be valued at US$1 trillion by 2030 and is expected to contribute approximately 13% to India’s GDP by 2025.

In 2019, 2.61 lakh units of houses were sold. From July 2020 to September 2020, housing sales in eight major cities in India increased 2.5 times from 9,632 units in the previous quarter to 33,403 units, indicating a healthy rebound.

NCL Buildtek Limited Balance Sheet (In Rs. Crore)

Particulars	31st March 2023	31st March 2022	31st March 2021
Non-Current Assets:
Fixed Assets
Property, Plant, and Equipment	153.99	160.6	163.29
Capital Work in Progress	7.41	7.31	3.86
Intangible Assets	0.08	0.7	0.89
Non-current Investments
Financial Assets :
Other Financial Assets – Long-term	0.95	0.68	0.49
Other Non-current Assets	8.84	11.45	9.83
Total Reported Non-current Assets	208.65	209.03	194.8
Current Assets:
Inventories	58.87	57.79	38.86
Financial Assets :
Current Investments		0	0
Trade Receivables	84.43	82.34	78.62
Cash and Cash Equivalents	3.42	4.18	6
Bank Balances Other Than Cash and Cash Equivalents	9.2	0	0
Others Financial Assets – Short-term	5.71	3.41	3.92
Current Tax Assets – Short-term	1.18	0.09	0.41
Other Current Assets	22.31	39.48	26.44
Total Current Assets	185.15	187.29	154.24
Total Assets	393.81	396.32	350.07
EQUITY AND LIABILITIES
Share Capital	11.57	11.57	11.57
Other Equity	158	140.83	131.94
Total Equity	169.57	152.4	143.51
Non-Current Liabilities:
Long Term Borrowings	48.9	58.7	67.01
Long-term Provisions	8.26	8.29	7.35
Deferred Tax Liabilities (Net)	14.56	12.57	9.69
Total Reported Non-current Liabilities	71.82	79.56	84.05
Current Liabilities:
Short Term Borrowings	45.62	45.2	24.99
Trade Payables	36.39	46.65	41.51
Others Financial Liabilities – Short-term	31.36	34.24	16.68
Provisions	1.12	1.2	1.52
Other Current Liabilities	9.57	37.07	37.8
Total Current Liabilities	152.4	164.36	122.51
Total Equity and Liabilities	393.81	396.32	350.07

NCL Buildtek Limited Profit & Loss Statement (In Rs. Crore)

Particulars	2023	2022	2021
Revenue From Operations	450.35	407.48	264.89
Other Income	2.78	0.78	1.09
Total Revenue	453.13	408.26	265.98
EXPENSES:
Cost of Material Consumed	255.7	249.26	147.12
Purchases of Stock-in-Trade	4.43	4.41	4.24
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade	-4.49	-4.74	-1.08
Employee Benefits / Salaries & Other Staff Cost	55.94	49.62	40.66
Finance Cost	16.62	10.73	13.3
Depreciation and Amortization	11.08	10.88	10.48
Other Expenses	95.34	86.18	57.59
Total Expenses	436.64	406.35	272.31
Profit Before Exceptional Items and Tax	18.47	1.92	-6.33
Exceptional Items Before Tax	0.02	9.29	0.78
Profit Before Tax	18.49	11.21	-5.54
Tax Expenses	4.95	3.17	1.16
Profit After Tax	13.53	8.04	-6.7
Earnings Per Share – Basic	16.66	10.08	-5.08
Earnings Per Share – Diluted	16.67	10.08	-5.08

NCL Buildtek Limited Cash Flow Statement for the last three years (Rs. In Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at the beginning of the year	6	5.18	15.73
Net Cash from Operating Activities	8.72	40.97	12.86
Net Profit before Tax & Extraordinary Items	11.21	-5.54	19.73
Depreciation	10.88	10.48	5.83
Interest (Net)	10.18	12.97	9.2
Others	-8.2	-0.08	-5.89
Total Adjustments (PBT & Extraordinary Items)	12.86	23.37	9.15
Op. Profit before Working Capital Changes	24.07	17.82	28.88
Trade & other receivables	-6.34	18.84	-22.15
Inventories	-18.94	-7.69	-3.7
Trade Payables	5.14	17.04	17.04
Others	5.93	-3.77	-4.68
Total (OP before Working Capital Changes)	-14.21	24.42	-13.5
Cash Generated from/(used in) Operations	9.87	42.25	15.38
Direct Taxes Paid	-1.14	-1.28	-2.52
Total-others	-1.14	-1.28	-2.52
Cash Flow before Extraordinary Items	8.72	40.97	12.86
Net Cash Used in Investing Activities	-5.67	-9.82	-46.16
Purchased Fixed Assets	-8.54	-17.27	-47.46
Sale of Fixed Assets	10.43	7.17	0.91
Interest Received	0.69	0.28	0.39
Acquisition of Companies	-8.25	0	0
Net Cash Used in Financing Activities	-4.87	-30.34	22.76
Proceed from other Long Term Borrowings	36.88	77.21	64.14
Of the Long Tem Borrowings	-28.01	-94.16	-28.5
Dividend Paid	-2.89	0	0
Interest Paid	-10.84	-13.39	-9.39
Net Cash Used in Financing Activities	-4.87	-30.34	22.76
Net Inc/(Dec) in Cash and Cash Equivalent	-1.82	0.81	-10.54
Cash and Cash Equivalents at the End of the year	4.18	6	5.18

Summary of cash flow statement for NCL Buildtek Limited:

Operating Activities:

During the financial year ending on March 31, 2022, the company generated a net cash inflow of Rs. 8.72 Crore from its operating activities. The operating profit before considering working capital changes amounted to Rs. 24.07 Crore. There was a decrease in trade and other receivables by Rs. 6.34 Crore and a decrease in inventories by Rs. 18.94 Crore. Trade payables increased by Rs. 5.14 Crore, and other operating items increased by Rs. 5.93 Crore. Overall, the cash generated from operations was Rs. 9.87 Crore. The company also paid direct taxes amounting to Rs. 1.14 Crore.

Investing Activities:

In terms of investing activities, NCL Buildtek Limited utilized cash amounting to Rs. 5.67 Crore for investments during the financial year ending on March 31, 2022. The company made investments in the purchase of fixed assets, amounting to Rs. 8.54 Crore. However, it generated some cash through the sale of fixed assets, amounting to Rs. 10.43 Crore. Additionally, the company received interest amounting to Rs. 0.69 Crore. It also made an acquisition of companies worth Rs. 8.25 Crore.

Financing Activities:

In the financing activities category, NCL Buildtek Limited had a net cash outflow of Rs. 4.87 Crore during the financial year ending on March 31, 2022. The company received cash inflows of Rs. 36.88 Crore from other long-term borrowings. However, it made repayments of long-term borrowings amounting to Rs. 28.01 Crore. The company also paid dividends of Rs. 2.89 Crore and interest expenses of Rs. 10.84 Crore.

Net Increase/(Decrease) in Cash and Cash Equivalents:

As a result of the above cash flow activities, NCL Buildtek Limited experienced a decrease in cash and cash equivalents by Rs. 1.82 Crore during the financial year ending on March 31, 2022. The cash and cash equivalents at the beginning of the year were Rs. 6 Crore, and at the end of the year, they stood at Rs. 4.18 Crore.

Funds Flow Statement of NCL Buildtek Limited (Rs. In Crore)

Particulars	Mar-22	Mar-21	Mar-20
Sources of funds
Cash profit	19.05	3.06	32.62
Increase in equity	0	0	11.57
Increase in other networth	3.74	1.08	123.69
Increase in loan funds	12.84	0	121.69
Decrease in working capital	0	21.65	0
Total Inflow	35.63	25.79	289.57
Application of funds
Decrease in loan funds	0	22.34	0
Increase in gross block	11.57	2.88	189.69
Increase in investments	11.87	0.57	15.86
Increase in working capital	9.31	0	80.03
Dividend	2.89	0	3.49
Total Outflow	35.64	25.79	289.57

NCL Buildtek Limited Key Financial Ratios

Particulars	Mar-22	Mar-21
Key Ratios
Debt-Equity Ratio	0.66	0.7
Long Term Debt-Equity Ratio	0.42	0.43
Current Ratio	1.1	1.17
Turnover Ratios
Fixed Assets Turnover Ratio	2.11	1.45
Inventory Turnover Ratio	8.43	7.57
Debtors Turnover Ratio	5.06	2.84
Total Asset Turnover Ratio	1.61	1.03
Interest Cover Ratio	1.18	0.52
PBIDTM (%)	5.77	6.59
PBITM (%)	3.1	2.63
PBDTM (%)	3.14	1.57
CPM (%)	3.01	1.13
APATM (%)	0.34	-2.82
ROCE (%)	4.98	2.72
RONW (%)	0.93	-5.11
Payout (%)	35.95	0

NCL Buildtek Dividend History

Particulars	2022	2021	2020	2019
Dividend (In Rs.)	0	0	2.5	5.5

NCL Buildtek Limited Recent Performance

Revenue from Operations of the company decreased by 10.52% from Rs. 407.48 Crores in FY 2022 to Rs. 450.35 Crores in FY 2023.
The net Profit of the company increased by 68.28% from Rs. 8.04 Crores in FY 2022 to Rs. 13.53 Crores in FY 2023.
The current Ratio of the company as of 31st March 2023 was 1.21.
The book value per equity share of the company as of 31st March 2023 was Rs. 124.03.

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