North Eastern Carrying Corporation Limited

North Eastern Carrying Corporation Limited (NECCLTD) is a micro-cap Services company valued at ₹205 crore operating in Logistics Solution Provider on the NSE and BSE.

Recent price move

North Eastern Carrying Corporation Limited last traded at ₹19.5, modestly down 1.17% on the day.

Recent developments

On 2026-06-30, the company reported its latest quarter results, showing a rise in revenue and net profit compared to the same quarter a year earlier. Promoter holding increased by 1.97 percentage points to 56.16%, indicating a potential strengthening of control. The company has not paid any dividends despite reporting profits.

Financial performance

The company's annual revenue fell 6.4% year-over-year, while its latest quarter revenue rose 9.4% compared to the same quarter a year earlier. Annual net profit dropped 22.5%, but the latest quarter net profit increased 12.9% from the prior year's quarter. The net profit margin narrowed by 0.5 percentage points to 2.5%, and return on equity remained at 3.4%.

Valuation multiples

The stock trades at 25.0 times earnings, a premium to the Services median of 16.3, 0.87 times book value.

Things to watch

The company's annual net profit fell 22.5% year-over-year, and the net profit margin declined to 2.5%. The stock is 23.3% below its 52-week high, and the company has not distributed any dividends to shareholders despite reporting profits. Promoter shares pledged account for 10.39% of promoter holding, which could signal liquidity concerns.

Where it stands

The company's latest quarter showed improvement in revenue and net profit, but annual figures reflect a decline. Promoter holding increased, but the stock remains far below its 52-week high. The company has not paid dividends, and the net profit margin has narrowed. The most significant figure is the 23.3% drop from the 52-week high.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.