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Dossier · NUVOCO VISTAS CORP LTD · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
NUVOCO VISTAS CORP LTD
NSE: NUVOCO · BSE: 543334
NSE: NUVOCO · BSE: 543334
Commodities › Construction Materials › Cement & Cement Products › Cement & Cement Products
NUVOCO VISTAS CORP LTD
StateQ1 FY27 filed
Last close · 27 Oct 2026₹339.55
Market cap₹12.1k cr
TTM P/E · P/B · EV/EBITDA31.4 · 1.19 · 8.9
NUVOCO VISTAS CORP LTD is a Cement & Cement Products company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9,318 | 10,586 | 10,733 | 10,357 | 11,338 |
| EBITDA (ex other income) | 1,497 | 805 | 1,624 | 1,372 | 1,809 |
| margin % | 16.1 | 7.6 | 15.1 | 13.2 | 16.0 |
| Owners' profit | 32 | 16 | 147 | 19 | 359 |
| EPS, as reported (₹) | 0.93 | 0.44 | 4.13 | 0.61 | 10.07 |
| ROE % · ROCE % | 0.4 · 4.1 | 0.2 · (1.0) | 1.6 · 5.5 | 0.2 · 4.1 | 3.5 · 6.3 |
| Debt / equity (x) | 0.61 | 0.52 | 0.46 | 0.42 | 0.44 |
| Cash from operations | 1,221 | 1,711 | 1,593 | 1,329 | 1,485 |
| Capex | (411) | (486) | (581) | (350) | (710) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NUVOCO VISTAS CORP LTD · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,269 | 2,409 | 3,042 | 2,873 | 2,458 | 2,701 | 3,307 | 3,129 |
| Profit before tax | (118) | (85) | 224 | 202 | 51 | 65 | 233 | 276 |
| Net profit | (85) | (61) | 166 | 133 | 36 | 49 | 141 | 160 |
| EPS (₹) | (2.38) | (1.72) | 4.63 | 3.73 | 1.02 | 1.38 | 3.94 | 4.47 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cement | 7,869 | 69.1 |
| Ready Mix Concrete and Others | 810 | 7.1 |
| CEMENT | 2,456 | 21.6 |
| Ready Mix Concrete and others | 257 | 2.3 |
| Total, before eliminations | 11,391 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,28,568 | 38.4 | 4.07 | 20.1 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 1,97,414 | 34.5 | 1.16 | 16.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 86,677 | 19.7 | 1.21 | 12.1 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 84,066 | 51.6 | 3.61 | 16.1 | 7.5 | 9.4 | 9.2 | 23.8 |
| JK CEMENT LIMITED | 37,773 | 40.0 | 5.33 | 17.4 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 28,842 | 30.5 | 1.59 | 10.8 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 22,049 | 11.5 | 1.07 | 6.4 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 17,343 | 26.9 | 2.14 | 10.3 | 8.6 | 7.1 | 11.3 | 14.3 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.4 | 27.5 | 17 of 29 | 43% |
| P/B | 1.2 | 1.4 | 15 of 34 | 58% |
| ROCE | 3.7 | 3.7 | 19 of 37 | 50% |
| ROE | 3.5 | 7.2 | 22 of 34 | 36% |
| Debt / Equity | 0.4 | 0.4 | 16 of 33 | 53% |
| EBITDA margin | 18.3 | 13.1 | 9 of 37 | 78% |
| Revenue growth | 8.9 | 7.8 | 17 of 37 | 56% |
| Profit growth | 19.9 | (24.7) | 9 of 37 | 78% |
| Market cap | 12127 | 1769 | 10 of 38 | 76% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NUVOCO VISTAS CORP LTD · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Q2 operating income up 13%, consolidated PAT rises 78% year on year | compliance | minimal | — | — |
| 23 Oct 2026 · Audio recording of September 2026 results call available | investor communications | low | — | — |
| 22 Oct 2026 · Company shares a presentation with the stock exchange | investor communications | medium | — | — |
| 22 Oct 2026 · Q2 FY27 revenue and PAT rise; Limla grinding unit commissioned | compliance | low | — | — |
| 22 Oct 2026 · Net profit rises 78 percent in September quarter; margins ease | results | high | — | — |
| 15 Oct 2026 · Voluntary liquidation of wholly owned subsidiary Algebra Endeavour Pvt Ltd | strategic transactions | medium | — | — |
| 12 Oct 2026 · Nuvoco marks 10 years, targets 35 MMTPA cement capacity by FY28 | business updates | low | — | — |
| 9 Oct 2026 · Nuvoco Vistas Q2 FY27 results call on Oct 23, 2026 | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Subsidiary NU Vista gets GST show cause notice worth about Rs 25 crore | regulatory legal | high | — | — |
| 30 Sept 2026 · Subsidiary NU Vista receives Show Cause Notice from Bihar State Tax | regulatory legal | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in