NCLIND vs ULTRACEMCO: Stock Comparison
ULTRATECH CEMENT is the larger company by market capitalisation. NCL INDUSTRIES shows a lower P/E, a higher ROE and faster revenue growth, while ULTRATECH CEMENT shows a higher net margin. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
NCLIND leads 9; ULTRACEMCO leads 3 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | NCLIND | ULTRACEMCO |
|---|---|---|
| Sector | Construction Materials | Construction Materials |
| Industry | Cement & Cement Products | Cement & Cement Products |
Price
| Metric | NCLIND | ULTRACEMCO |
|---|---|---|
| Live Price | ₹161.04 | ₹11,175 |
| Day Change | -0.82% | 0.64% |
| Volume | 36,863 | 1.39 L |
| 52-Week High | ₹214.8 | ₹13,110 |
| 52-Week Low | ₹147.5 | ₹10,325 |
| Distance from 52W High | -25.03% | -14.76% |
Valuation
| Metric | NCLIND | ULTRACEMCO |
|---|---|---|
| Market Cap | ₹727 Cr | ₹3.3 L Cr |
| P/E Ratio | 7.86x | 37.55x |
| P/B Ratio | 0.77x | 4.49x |
| EPS | ₹3.84 | ₹299.04 |
| Book Value | ₹207.86 | ₹2,501.56 |
| Dividend Yield | 2.15% | 2.15% |
Growth
| Metric | NCLIND | ULTRACEMCO |
|---|---|---|
| Revenue Growth (TTM YoY) | 62.2% | 3% |
| EPS Growth (TTM YoY) | 562.8% | 45.3% |
| Qtr Sales Growth | 0% | -5.49% |
| Qtr Profit Growth | 0% | -42.34% |
Profitability & Leverage
| Metric | NCLIND | ULTRACEMCO |
|---|---|---|
| ROE | 12.71% | 9.92% |
| ROCE | 12.9% | 9.14% |
| Net Margin | 6.69% | 10.24% |
| Operating Margin | 10.61% | 14.19% |
| Debt to Equity | 0.25x | 0.26x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | NCLIND | ULTRACEMCO |
|---|---|---|
| Promoter Holding | 42.43%▲ 0.83 pp | 57.55%▼ 0.85 pp |
| FII Holding | 3.42%▼ 0.03 pp | 12.69%▼ 0.17 pp |
| DII Holding | 0.03% | 20.86%▲ 1.17 pp |
| Public Holding | 54.05%▼ 0.79 pp | 7.71%▼ 0.2 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: NCL INDUSTRIES and ULTRATECH CEMENT.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

