On Friday, the last trading day of the week, a good pace was recorded in the functioning of the stock market, BSE Sensex was functioning at the level of 72388, up by 734 points. Nifty, on the other hand, was at 21931 with a 234-point gain.
The shares of North Eastern Carrying Corporation (NSE: NECCLTD) with a market capitalization of 310.64 crores was trading at Rs 32.70 during the bullish period of the stock market.
The 52-week high level of North Eastern Carrying Corporation is Rs 37.40, while the 52-week lowest is Rs 13. North East Carrying Corporation shares have returned 10.29 percent in the past 5 days. In the last month, they’ve given investors a 13.94 percent return.
Investors have gotten a 74 percent return on their investment since August 2, 2023, when the shares of North Eastern Carrying Corporation hit a low price of Rs 19.
The shares of North Eastern Kering Corporation had seen a low of Rs 3.24 on March 27, 2020, during the Corona crisis, from which till now investors have got a return of 1000 percent.
North Eastern Carrying Corporation Limited is a leading company in India’s transportation business that provides various types of cargo and goods transport services including full truck load.
NECC Limited was informed a few days ago that it had received a big order from GAIL India Limited, after this the shares of NECC Limited have become rocketed.
NECC Limited had received a contract worth Rs 52.58 crore from the Government of India company Gas Authority of India Limited for polymer transportation for the next 3 years.
North Eastern Carrying Corporation has said that it has got this business of polymer transportation to different areas of the country from GAIL’s Pata plant, the value of which is about Rs 53 crore.
North Eastern Carrying Corporation has informed the stock market that it has recently agreed to purchase a 20 percent stake in SG Logistics Management Private Limited for Rs 20 crore.
The company has purchased this stake in SG Logistics Management Private Limited to expand its operations.
About North Eastern Carrying Corporation Ltd
NECC Group, with an annual revenue of Rs. 400 crore, was formed to provide innovative, technology-driven, value-added logistics services throughout the country, as well as Nepal, Bhutan, and Nepal. The IBA Code for this logistics provider is DLN – 1351.
The company’s range of services covers, Transportation by Road / Rail, Containerized transportation, Warehousing, and Distribution (3PL), Parcel Movement, and Bulk Dry Cargo.
The company has a network of professionals and a team of highly qualified staff that allows us to provide services and solutions in any part of the country.
The company wants to continue investing in infrastructure, people, and technology.
Fundamental Analysis of North Eastern Carrying Corporation Ltd
| Market Cap | ₹ 310.64 Cr. |
| Current Price | ₹ 32.70 |
| 52-wk High | ₹ 37.4 |
| 52-wk Low | ₹ 13.14 |
| Stock P/E | 52.7 |
| Book Value | ₹ 15.5 |
| Dividend | 0.00 % |
| ROCE | 8.27 % |
| ROE | 5.56 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.10 |
| OPM | 6.76 % |
| EPS | ₹ 0.62 |
| Debt | ₹ 114 Cr. |
| Debt to Equity | 0.77 |
North Eastern Carrying Corporation (NECC) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹35 | ₹45 |
| 2025 | ₹54 | ₹75 |
| 2026 | ₹82 | ₹100 |
| 2027 | ₹105 | ₹112 |
| 2028 | ₹124 | ₹130 |
| 2029 | ₹134 | ₹140 |
| 2030 | ₹150 | ₹155 |
North Eastern Carrying Corporation Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 52.68% |
| Mar 2023 | 52.68% |
| June 2023 | 52.68% |
| Sept 2023 | 52.68% |
| Dec 2023 | 52.68% |
| FII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.04% |
| Public Holding | |
| Dec 2022 | 47.32% |
| Mar 2023 | 47.33% |
| June 2023 | 47.33% |
| Sept 2023 | 47.32% |
| Dec 2023 | 47.29% |
North Eastern Carrying Corporation Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 343 Cr |
| 2020 | ₹ 376 Cr |
| 2021 | ₹ 231 Cr |
| 2022 | ₹ 250 Cr |
| 2023 | ₹ 303 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 5 Cr |
| 2020 | ₹ 6 Cr |
| 2021 | ₹ 1 Cr |
| 2022 | ₹ 4 Cr |
| 2023 | ₹ 6 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.83 |
| 2020 | 0.82 |
| 2021 | 0.91 |
| 2022 | 1.02 |
| 2023 | 1.14 |
Last 10 Years’ Profit Growth:
| 10 Years: | 1% |
| 5 Years: | 10% |
| 3 Years: | -6% |
| Current Year: | 20% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Last Year: | 6% |
Sales Growth Over 10 Years:
| 10 Years: | -6% |
| 5 Years: | -4% |
| 3 Years: | -7% |
| Current Year: | 6% |
Conclusion
This article is a complete guide about North Eastern Carrying Corporation Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s prospects and growth potential.
This information will help you in your further investment.
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