Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 30 Sep - Awarded two-year Tata Steel transport contract worth Rs. 78.19 crore for iron ore movement.
Source: Bse
North Eastern Carrying Corporation Limited (NECCLTD)
Small CapServices stocks · Small cap · NSE
North Eastern Carrying Corporation Limited operates in Logistics, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Latest result04 Aug, 10:48 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
61BullishSMA20 +5.2% / mo · MACD −
Stock trend: 61
Sector RS: —
Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NECCLTDD candles · FIT view+17.8%Latest close ₹18.63 on 2026-10-21
Bar
-3.4%
RSI
47
MACD hist
-0.10
52W pos
60%
2026-10-21O ₹19.28H ₹19.42L ₹17.81C ₹18.63Vol 75,891 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NECCLTDNifty 500
- NECCLTD
- +21.9%
- Nifty 500
- -6.5%
- Vs Nifty 500
- +28.4 pp
Chart stats
21 Oct 2026- From 52W high
- -22.4%
- 52W range position
- 60%
- ATR (14)
- 6.8%
- Volume vs 20D
- 0.65x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹16.7 - ₹20.5
₹24
₹10.6 - ₹24
₹1.3
Latest completed session
20-session average
38.3% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED28
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average32
Revenue +9.4% · PAT +12.9% YoY
Technical
Bullish61
Price trend and sector-relative-strength timing.
Valuation
Legacy model+10.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence49
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 32/100margin compression · Rev +9% YoY · PAT +13% YoY
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹75.6 Cr | +9.4% | -21.5% |
| EBITDA | ₹4.5 Cr | -15.6% | +108.4% |
| Operating margin | 5.9% | -175 bps | +370 bps |
| PAT | ₹2 Cr | +12.9% | +187.1% |
| PAT margin | 2.7% | +8 bps | +193 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 25.50
- P/B
- 0.86
- EV/EBITDA
- 17.21
- Market Cap
- 203.00Cr
Profitability
- ROE
- 2.15%
- ROCE
- 5.49%
- ROA
- 2.15%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 6.00%
- EPS 5Y
- 28.00%
- Revenue 3Y
- -2.03%
- EPS 3Y
- -5.00%
Balance Sheet
- Debt/Equity
- 0.55
- Interest Coverage
- 1.78×
- Altman Z
- 2.53
- Book Value
- 22.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -9.00 Cr
- EPS TTM
- 0.78
Shareholding
- Promoter Hold
- 55.20%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 67%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 75.6-21.5% vs prev
Net Profit
₹ CrLatest: 2.0+187.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 47. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~5.0% over last month) — short-term momentum positive.
- RSI(14) at 47 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 22% off 52W high · 77% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
68
RS percentile
Stage 2 UptrendEstablished S2
1M return
-4.1%
3M return
+21.9%
6M return
+17.2%
1Y return
-16.6%
RS 1D
0
RS 20D
-3
Sector rank
#11
Industry rank
#34
Stage evidence
- Price is 14.7% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.7%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
07 Sept 2026
S2 age
30 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 93.67-2.47%
RS vs Nifty 50094
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation10/30
Growth14/25
Quality0/20
Balance Sheet6/15
Cash Flow0/10
Piotroski
4/9 (+1)
Penalties
-3
Raw sum
28
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
28/100 · legacy band OVERVALUED
Positive drivers
- Fair-value margin of safety is positive at 10.1%.
- Growth contributes 14/25 to the score.
- Balance sheet contributes 6/15 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
25.5
PB
0.9
EV/EBITDA
17.2
ROE
2.1%
ROCE
5.5%
FCF Yield
—
Debt/Equity
0.6
MoS
+10.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
28
Previous: 24 (+4)
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
+10.1%
Previous: +6.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
6
6
6
6
6
6
6
6
24
24
24
24
Factor attribution
Valuation
10+4
was 6
Modelled fair value
Graham Number
₹19.96
+6.7% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹20.71
+10.1% MoS
PEG
0.91
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ASPINWALL
Small
Aspinwall and Company Limited
Logistics
match 93
28
15.7
3.8%
-12%
OVERVALUED
GICL
Small
Globe International Carriers Limited
Logistics
match 90
49
23.9
12.5%
-7%
FAIR VALUE
OBCL
Small
Orissa Bengal Carrier Limited
Logistics
match 88
7
—
-8.2%
—
OVERVALUED
JETFREIGHT
Small
Jet Freight Logistics Limited
Logistics
match 87
45
13.3
10.0%
+59%
WATCHLIST
ACCURACY
Small
Accuracy Shipping Limited
Logistics
match 87
24
16.1
3.2%
-423%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
North Eastern Carrying Corporation Limited operates in Logistics, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
49Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 6th percentile of the scored universe and 5th percentile within Services. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
6th percentile
overall median 67 · Services: 5th pctile, median 66 · Small: 7th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
90
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
51
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
41
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 56.2%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 2%.
Trust risks
- ▸Operating cash flow is negative at ₹-9 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Only 1 years of positive FCF.
- ▸Interest coverage is 1.8x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching North Eastern Carrying Corporation Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Issue of Securities 11 Aug - Proposes 1 crore convertible warrants to promoter Sunil Kumar Jain at Rs 18.51 each, totaling Rs 18.51 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 2 Jul - Promoter-director Utkarsh Jain bought 12% stake in SG Green Logistics for Rs 35.99 crore.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.