AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Oct - Mr. Utkarsh Jain changed from Whole-time Director to Non-Executive Director effective October 24, 2026.
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 13 Nov, 05:54 pm ISTDetails
Quote13 Nov, 05:54 pm IST
Base fundamentals08 Nov 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result24 Oct, 03:27 pm IST
Score13 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.2 (n=147)
Technical timing lens
Trend score and candlestick chart
58NeutralSMA20 -3.5% / mo · MACD + · near 52W high
Stock trend: 58
Sector RS: —
Services FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
NECCLTDW candles · FIT view-33.5%Latest close ₹22.91 on 2026-11-09
Bar
+23.6%
RSI
68
MACD hist
0.28
52W pos
98%
2026-11-09O ₹18.53H ₹23.13L ₹17.80C ₹22.91Vol 1.1Cr 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
- +52.9%
- Nifty 500
- +0.3%
- Vs Nifty 500
- +52.6 pp
Chart stats
13 Nov 2026- From 52W high
- -1.0%
- 52W range position
- 98%
- ATR (14)
- 7.0%
- Volume vs 20D
- 3.59x
- Avg traded value
- ₹1.4 Cr
- 20D price channel
- ₹15.8 - ₹23.1
₹23.1
₹10.6 - ₹23.1
₹1.6
Latest completed session
20-session average
96.3% 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 · OVERVALUED3
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good60
Revenue +7.8% · PAT +18.1% YoY
Technical
Neutral58
Price trend and sector-relative-strength timing.
Valuation
Legacy model-255.3%
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 Sept 2026
Good · 60/100Rev +8% YoY · PAT +18% YoY · margin expansion · operating leverage
Filed 24 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹76.3 Cr | +7.8% | +0.9% |
| EBITDA | ₹5.3 Cr | +85.2% | +17.1% |
| Operating margin | 6.9% | +289 bps | +96 bps |
| PAT | ₹2.2 Cr | +18.1% | +7.0% |
| PAT margin | 2.8% | +25 bps | +16 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.83
- P/B
- 1.21
- EV/EBITDA
- 12.60
- Market Cap
- 181.41Cr
Profitability
- ROE
- 7.32%
- ROCE
- 11.20%
- ROA
- 2.50%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 1.00%
- EPS 5Y
- 1.00%
- Revenue 3Y
- -1.00%
- EPS 3Y
- -3.00%
Balance Sheet
- Debt/Equity
- 0.80
- Interest Coverage
- 2.13×
- Altman Z
- 2.22
- Book Value
- 15.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -2.00 Cr
- EPS TTM
- 0.80
Shareholding
- Promoter Hold
- 55.20%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 66%
Financial History
Updated 13/11/2026
Revenue
₹ CrLatest: 308-6.4% vs prev
Net Profit
₹ CrLatest: 8.0-20.0% vs prev
Return on Equity
%Latest: 3.5-23.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Weekly technical trend read
Bullish setupTrend is constructive — long-term trend down. RSI 68.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~2.5% over last month) — short-term momentum positive.
- RSI(14) at 68 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 3% of 52-week high — testing resistance.
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
56
RS percentile
Stage 2 UptrendNew S2
1M return
-6.7%
3M return
+12.9%
6M return
+5.0%
1Y return
-20.1%
RS 1D
-2
RS 20D
-8
Sector rank
#12
Industry rank
#34
Stage evidence
- Price is 2.7% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.5%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
02 Nov 2026
S2 age
5 trading sessions
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
263 observations
06 Nov 2026Value 84.69-3.48%
RS vs Nifty 50085
Valuation & peers
U-Score 3 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 3 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth2/25
Quality0/20
Balance Sheet6/15
Cash Flow0/10
Piotroski
4/9 (+1)
Penalties
-8
Raw sum
3
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
3/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 6/15 to the score.
- Growth contributes 2/25 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Fair-value margin of safety is negative at -255.3%.
- Quality is weaker at 0/20; 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
21.8
PB
1.2
EV/EBITDA
12.6
ROE
7.3%
ROCE
11.2%
FCF Yield
—
Debt/Equity
0.8
MoS
-255.3%
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: 13 Nov 2026
v4.3-runtime-valuation
Final score
3
Previous: 3
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-255.3%
Previous: -227.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
13 Nov 2026
v4.3-runtime-valuation
0
0
0
0
0
0
0
3
3
3
3
3
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹16.43
-39.4% MoS
Growth-justified P/E
8.1
Growth-justified Value
₹6.45
-255.3% MoS
PEG
21.83
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 91
29
10.8
3.8%
-5%
OVERVALUED
OBCL
Small
Orissa Bengal Carrier Limited
Logistics
match 91
1
—
-8.2%
—
OVERVALUED
ACCURACY
Small
Accuracy Shipping Limited
Logistics
match 86
19
13.9
3.2%
-376%
OVERVALUED
JETFREIGHT
Small
Jet Freight Logistics Limited
Logistics
match 85
47
10.6
10.0%
+63%
FAIR VALUE
ARSHIYA
Small
Arshiya Limited
Logistics
match 85
9
—
—
—
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 Sept 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 ↗
AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Allotment 1 Oct - On October 1, 2026, NECC allotted 1 crore convertible warrants to promoter Sunil Kumar Jain for Rs. 18.51 crore.
Source: Bse
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
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Oct - The copies of the News papers publications of the Un-audited Financials Results of the Company for the quarter and half year ended September 30, 2026. …
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Aug - In compliance with the provisions of t he SEBI(LODR) Regulations 2015, please find enclose the notice published on August 15, 2026 in Financial Express (English) …
Source: Bse
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
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Jul - SAT on July 8, 2026 allowed promoters’ appeals and set aside SEBI AO order.
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
Announcement
Announcement under Regulation 30 (LODR)-Allotment 6 Jun - Allotted 45 lakh equity shares to promoter Sunil Kumar Jain at Rs 15.18, raising Rs 6.83 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - We are enclosed Copies of the Newspaper Publications of the Audited Financials Results of the North Eastern Carrying Corporation Limited ("Company") for the quarter and …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 29 May - Sanghi & Co. re-appointed internal auditor for FY 2026-27 to FY 2030-31.
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.