| Quarterly Financials | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 850 | 1,793 | 2,236 | 2,643 | 2,209 | 2,027 | 2,180 | 2,945 | 2,657 | 2,403 | 2,609 | 2,931 | 2,815 | 2,579 | 2,432 | 2,941 | 2,641 | 2,279 | 2,410 | 3,047 | 2,888 | 2,462 |
| Expenses | 719 | 1,423 | 1,779 | 2,108 | 1,689 | 1,689 | 1,938 | 2,505 | 2,283 | 2,209 | 2,336 | 2,954 | 2,413 | 2,243 | 2,011 | 2,443 | 2,293 | 2,050 | 2,151 | 2,491 | 2,354 | 2,091 |
| EBITDA | 131 | 370 | 458 | 536 | 520 | 338 | 241 | 440 | 374 | 194 | 273 | -23 | 402 | 336 | 421 | 498 | 348 | 229 | 258 | 556 | 533 | 371 |
| Operating Profit % | 15 % | 20 % | 20 % | 20 % | 23 % | 16 % | 10 % | 15 % | 14 % | 8 % | 10 % | -1 % | 14 % | 13 % | 17 % | 17 % | 13 % | 10 % | 11 % | 18 % | 18 % | 15 % |
| Depreciation | 133 | 210 | 230 | 221 | 212 | 231 | 231 | 244 | 233 | 240 | 240 | 239 | 244 | 226 | 231 | 218 | 216 | 215 | 217 | 220 | 215 | 218 |
| Interest | 141 | 175 | 184 | 164 | 151 | 146 | 142 | 132 | 117 | 124 | 134 | 137 | 135 | 140 | 133 | 125 | 127 | 132 | 126 | 113 | 117 | 102 |
| Profit Before Tax | -143 | -16 | 44 | 151 | 157 | -39 | -131 | 64 | 25 | -170 | -101 | -400 | 24 | -30 | 57 | 155 | 5 | -118 | -85 | 224 | 202 | 51 |
| Tax | -51 | 1 | -1 | 114 | 43 | -14 | -46 | 35 | 4 | -39 | -25 | -601 | 9 | -31 | 26 | 55 | 2 | -33 | -23 | 58 | 68 | 15 |
| Net Profit | -91 | -17 | 44 | 38 | 114 | -26 | -86 | 29 | 21 | -130 | -75 | 201 | 15 | 2 | 31 | 100 | 3 | -85 | -61 | 166 | 133 | 36 |
| EPS in ₹ | -3.57 | -0.53 | 1.42 | 1.10 | 3.35 | -0.75 | -2.40 | 0.81 | 0.57 | -3.65 | -2.11 | 5.63 | 0.40 | 0.04 | 0.87 | 2.81 | 0.08 | -2.88 | -1.72 | 4.63 | 3.73 | 1.02 |
Nuvoco Vistas Corporation
Nuvoco Vistas Corporation
416.70
-5.65
(-1.34%)
Key Fundamentals
Market Cap
14,882.70 Cr
EPS
0.61
PE Ratio
55.14
Dividend Yield
0.00 %
Industry
Construction 52 Week High
477.50
52 Week Low
287.05
PB Ratio
1.64
Debt to Equity
0.47
Sector
Cement Analyst Rating and Forecast
- By Refinitiv from19 analysts
Actual
Company News
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Nuvoco Vistas Wins Tax Disputes Worth Rs 452.52 Crores as Income Tax Authority Drops Proceedings
6 days ago
6 days agoNuvoco Vistas Corporation received favorable orders from the Principal Commissioner, Income Tax, Mumbai-6 (PCIT) dropping proceedings under section 263 of the Income Tax Act for two financial years. For FY 2020-21, the PCIT dropped proceedings related to denial of deduction claimed on interest paid on NCDs, which had an approximate tax impact of Rs 99.97 crores. For FY 2019-20, the PCIT dropped proceedings involving denial of deduction on interest paid on NCDs and transfer of NCDs liability of cement undertaking during a merger in February 2020, with an approximate tax impact of Rs 352.55 crores. The PCIT considered the company's detailed submissions and evidence, and based on judicial precedents and case merits, dropped all proceedings entirely. The company will not face any tax outflow as all issues raised in the show cause notices have been dropped.
Nuvoco Vistas Corporation achieved EBITDA of Rs 371 crores in Q2 FY26, marking a 62% year-on-year increase despite facing prolonged monsoon conditions and GST rate transition challenges. The company delivered 1% quarter-on-quarter revenue growth per ton and reached a record premiumization level of 44%. Trade mix remained favorable at 74%. The company passed on the full benefit of GST rate reduction from 28% to 18% to customers. Fuel costs increased slightly to Rs 1.46 per Mcal due to higher petcoke prices. Net debt decreased by Rs 1,009 crores year-on-year to Rs 3,492 crores. The company announced a 4 million ton capacity expansion in the East at an investment of less than Rs 200 crores, with phased commissioning starting December 2025. Vadraj Cement acquisition progress continues with plants targeted for commissioning by Q3 FY27. Management expects 7-8% demand growth in coming months and targets Rs 25-50 per ton realization improvement through premiumization and geo-mix optimization.
Nuvoco's Subsidiary Vadraj Cement Moves Forward with Rs 1,200 Crore Debenture IssuanceOct 17, 2025
Vadraj Cement Limited, a wholly owned subsidiary of Nuvoco Vistas Corporation Limited, is proceeding with its plan to issue unsecured unlisted compulsorily convertible debentures worth Rs 1,200 crore through private placement. The debentures are structured in two series - Series A and Series B - each valued at Rs 600 crore. The board committee has approved execution of securities subscription and debenture trustee agreements along with option agreements for both series. For Series A, the agreements involve Nirma Limited as an investor with Beacon Trusteeship Limited serving as debenture trustee. For Series B, Niyogi Enterprise Private Limited is the investor with the same trustee. The committee meeting was held on October 17, 2025, lasting 30 minutes from 8:30 AM to 9:00 AM.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
12,056.00 | #1 3,55,265.21 | 48.67 | 76,699.30 | 7.23 | 6,040 | 74.86 | 44.78 | |
2,918.50 | 1,98,608.90 | 23.43 | #1 1,49,936.90 | #1 13.38 | #1 7,756 | 33.94 | 67.31 | |
564.75 | 1,39,596.23 | 26.28 | 37,699.00 | 9.83 | 5,158 | 23.81 | 50.08 | |
28,615.00 | 1,03,245.06 | 60.20 | 19,872.10 | -5.48 | 1,124 | 304.44 | 41.58 | |
6,240.00 | 48,215.39 | 47.72 | 12,052.10 | 3.00 | 872 | 75.49 | 39.05 | |
2,096.80 | 39,328.66 | 34.56 | 14,233.00 | -5.15 | 699 | #1 387.76 | 28.97 | |
1,863.50 | 34,994.16 | #1 14.44 | 22,834.70 | 11.65 | 2,402 | 4.36 | 51.56 | |
1,049.20 | 24,791.80 | 78.53 | 8,559.60 | -9.09 | 268 | 131.15 | 59.24 | |
416.70 | #9 14,882.70 | #7 55.14 | #8 10,376.10 | #6 -3.63 | #9 22 | #3 142.72 | 47.62 | |
404.40 | 12,532.24 | 975.37 | 4,357.30 | -13.82 | -124 | 102.60 | 60.04 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-3.63 %
Net Income Growth
-85.21 %
Cash Flow Change
-16.58 %
ROE
-85.37 %
ROCE
-26.23 %
EBITDA Margin (Avg.)
-12.87 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 11,619 | 13,262 | 13,444 | 19,907 | 19,615 | 18,988 | 18,710 | 18,158 |
| Fixed Assets | 8,690 | 9,895 | 9,970 | 15,042 | 15,409 | 14,962 | 15,027 | 14,702 |
| Current Assets | 2,004 | 2,005 | 2,007 | 2,512 | 2,593 | 2,524 | 2,355 | 2,271 |
| Capital Work in Progress | 144 | 605 | 647 | 1,240 | 399 | 596 | 488 | 387 |
| Investments | 844 | 456 | 0 | 384 | 186 | 0 | 1 | 1 |
| Other Assets | 1,942 | 2,306 | 2,827 | 3,241 | 3,621 | 3,430 | 3,194 | 3,067 |
| Total Liabilities | 11,619 | 13,262 | 13,444 | 19,907 | 19,615 | 18,988 | 18,710 | 18,158 |
| Current Liabilities | 3,008 | 3,405 | 3,635 | 4,906 | 4,493 | 5,268 | 5,247 | 5,251 |
| Non Current Liabilities | 4,494 | 4,869 | 4,530 | 7,677 | 6,301 | 4,881 | 4,480 | 3,905 |
| Total Equity | 4,117 | 4,988 | 5,279 | 7,324 | 8,821 | 8,839 | 8,984 | 9,002 |
| Reserve & Surplus | 3,967 | 4,788 | 5,037 | 6,509 | 8,464 | 8,482 | 8,626 | 8,645 |
| Share Capital | 150 | 200 | 242 | 315 | 357 | 357 | 357 | 357 |
Cash Flow
| Cash Flow | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -95 | -38 | 65 | 156 | 239 | -390 | 89 | -95 | 79 |
| Investing Activities | -513 | -602 | -149 | -310 | -2,898 | -190 | -260 | -573 | -337 |
| Operating Activities | 922 | 951 | 860 | 1,025 | 1,717 | 1,221 | 1,711 | 1,593 | 1,329 |
| Financing Activities | -504 | -387 | -647 | -559 | 1,420 | -1,420 | -1,362 | -1,114 | -913 |
Share Holding
| % Holding | Jul 2021 | Aug 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 95.24 % | 71.03 % | 71.03 % | 71.03 % | 71.42 % | 71.72 % | 71.79 % | 71.79 % | 71.79 % | 71.79 % | 71.79 % | 71.79 % | 72.02 % | 72.02 % | 72.02 % | 72.02 % | 72.02 % | 72.02 % | 72.02 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 3.05 % | 3.43 % | 3.50 % | 3.24 % | 3.37 % | 3.55 % | 3.82 % | 5.19 % |
| DIIs | 0.00 % | 7.89 % | 11.25 % | 12.22 % | 13.62 % | 14.55 % | 15.34 % | 20.16 % | 20.45 % | 16.32 % | 19.95 % | 19.97 % | 18.60 % | 18.46 % | 18.86 % | 19.27 % | 19.37 % | 19.10 % | 18.10 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 5.44 % | 3.94 % | 3.78 % | 3.85 % | 4.47 % | 4.45 % | 4.07 % | 3.80 % | 4.02 % | 4.29 % | 4.37 % | 5.03 % | 5.21 % | 5.09 % | 4.63 % | 4.42 % | 4.37 % | 4.01 % |
| Others | 4.76 % | 15.64 % | 13.79 % | 12.97 % | 11.11 % | 9.26 % | 8.42 % | 3.99 % | 3.97 % | 7.87 % | 3.97 % | 0.83 % | 0.92 % | 0.81 % | 0.79 % | 0.72 % | 0.64 % | 0.69 % | 0.69 % |
| No of Share Holders | 11 | 4,96,311 | 3,61,190 | 3,05,605 | 2,86,954 | 2,80,646 | 2,72,307 | 2,62,416 | 2,53,546 | 2,47,527 | 2,39,732 | 2,30,864 | 2,26,804 | 2,19,934 | 2,13,595 | 2,03,217 | 1,97,095 | 1,92,406 | 1,82,725 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 10 Mar 2017 |  Change Of Name | NA | 10 Mar 2017 | 0.00 | 0.00 |
| 24 Jul 2024 |  Annual General Meeting | NA | 24 Jul 2024 | 356.90 | 342.80 |
| 23 Oct 2024 |  Quarterly Result Announcement | NA | 23 Oct 2024 | 359.35 | 336.20 |
| 22 Jan 2025 | Quarterly Result Announcement | NA | 22 Jan 2025 | 350.25 | 353.50 |
| 01 May 2025 | Quarterly Result Announcement | NA | 01 May 2025 | 314.00 | 319.25 |
| 17 Jul 2025 | Quarterly Result Announcement | NA | 17 Jul 2025 | 354.20 | 376.45 |
| 25 Jul 2025 | Annual General Meeting | NA | 25 Jul 2025 | 346.90 | 414.35 |
| 15 Oct 2025 | Quarterly Result Announcement | NA | 15 Oct 2025 | 442.30 | 427.20 |
Announcements
Intimation Under Regulation 30 Of SEBI(Listing Obligations & Disclosure Requirements) Regulations 20156 days ago
6 days agoIntimation Under Regulation 30 Of SEBI(Listing Obligations & Disclosure Requirements) Regulations 20156 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript8 days ago
8 days agoOutcome Of The Board Constituted Committee MeetingOct 17, 2025
Oct 17, 2025Board Meeting Outcome for Outcome Of Board Constituted Committee MeetingOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 15, 2025
Oct 15, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 15, 2025
Oct 15, 2025Intimation Of Outcome Of The Board Meeting Under Regulation 30 And 51 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 15, 2025
Oct 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 07, 2025
Oct 07, 2025Board Meeting Intimation for Considering Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended September 30 2025Sep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Intimation Under Regulation 30 Of SEBI(Listing Obligations & Disclosure Requirements) Regulations 2015Sep 25, 2025
Sep 25, 2025Intimation Under Regulation 30 Of SEBI (LODR).Sep 24, 2025
Sep 24, 2025Intimation Under Regulation 30 Of SEBI(Listing Obligations & Disclosure Requirements) Regulations 2015Sep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Issue of SecuritiesSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Intimation Under Regulation 30 Of SEBI (LODR) Regulation 2015Sep 15, 2025
Sep 15, 2025Board Meeting Outcome for Intimation Under Regulation 30 Of SEBI (LODR) Regulation 2015Sep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2025
Sep 08, 2025Disclosure Under Regulations 30 Of SEBI (Listing Obligations And
Disclosure Requirements) Regulations 2015Sep 06, 2025
Sep 06, 2025Disclosure Under Regulations 30 Of SEBI (Listing Obligations And
Disclosure Requirements) Regulations 2015Sep 06, 2025
Sep 06, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 04, 2025
Sep 04, 2025Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 - Intimation Regarding Capacity AdditionSep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 29, 2025
Aug 29, 2025Announcement Under Regulation 30 (LODR) - Redemption Of Non-Convertible DebenturesAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-AcquisitionAug 26, 2025
Aug 26, 2025Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Issue of SecuritiesAug 18, 2025
Aug 18, 2025Board Meeting Outcome for Outcome Of Committee MeetingAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 11, 2025
Aug 11, 2025Mutual Fund Holdings
SBI Mid Cap Direct Plan-Growth 
HDFC Flexi Cap Direct Plan-Growth 
ICICI Prudential Smallcap Fund Direct Plan-Growth 
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
WhiteOak Capital Special Opportunities Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth 
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth 
Quantum Multi Asset Allocation Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 47.62
ATR(14)
Less Volatile 12.31
STOCH(9,6)
Neutral 61.24
STOCH RSI(14)
Overbought 88.86
MACD(12,26)
Bullish 0.89
ADX(14)
Weak Trend 22.88
UO(9)
Bearish 42.20
ROC(12)
Downtrend And Accelerating -1.57
WillR(14)
Neutral -47.17
About Nuvoco Vistas Corporation
Nuvoco Vistas Corp. Limited is an Indian cement manufacturing company, part of the Nirma Group. It operates 11 cement plants across East and North India with a combined capacity of 23.82 MMTPA. The company also has 53 Ready Mix Concrete (RMX) plants nationwide. Its main business activities include manufacturing and selling cement, ready-mix concrete, and modern building materials. Nuvoco Vistas offers over 60 products for individual and institutional construction needs, including various types of cement, RMX products, and construction chemicals. The company's brands include Concreto, Duraguard, DoubleBull, Infracem, Artiste, InstaMix, X-Con, Ecodure, and Zero M. In 2021, Nuvoco Vistas completed an Initial Public Offer (IPO) and listed on the BSE and National Stock Exchange of India. The company has expanded its operations through acquisitions, mergers, and capacity additions in recent years.
Listing Date
23 Aug, 2021(4 Years,
8 days)
Website
Chairperson NameHiren Patel
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