NCL Industries Limited, a well-established player in the cement and building materials sector, continues to make its mark as one of the most reliable mid-cap companies in India. Known for its popular Nagarjuna Cement brand, NCL Industries has diversified into cement, ready-mix concrete (RMC), and hydro power, contributing to steady financial growth.
In this article, we’ll explore NCL Industries Ltd’s share price targets from 2025 to 2030, based on its financial trends, market performance, and industry outlook.
| Detail | Value |
|---|---|
| Open | ₹196.92 |
| Previous Close | ₹196.92 |
| High | ₹205.58 |
| Low | ₹194.40 |
| Volume | 1,55,597 |
| Value (Lacs) | ₹316.52 |
| VWAP | ₹199.30 |
| Beta | 1.05 |
| Market Capitalization (Cr.) | ₹920 |
| 52-Week High | ₹239.39 |
| 52-Week Low | ₹179.21 |
| Face Value | ₹10 |
| All-Time High | ₹304.95 |
| All-Time Low | ₹16.10 |
| 20-Day Avg. Volume | 53,294 |
| 20-Day Avg. Delivery (%) | 56.41% |
| Book Value per Share | ₹189.74 |
| Dividend Yield | 1.48% |
Founded in 1979 and headquartered in Hyderabad, NCL Industries Ltd is one of South India’s leading integrated cement manufacturers. The company operates in multiple verticals — cement, boards, RMC, and hydropower — making it a diversified player in the infrastructure space.
With its flagship Nagarjuna Cement, NCL Industries has a strong distribution network across Telangana, Andhra Pradesh, Tamil Nadu, and Karnataka. The company’s focus on energy efficiency, modernization, and sustainability has helped it stay competitive in India’s growing construction market.
Producer of the popular Nagarjuna Cement brand
Diversified operations across cement, RMC, and hydropower
Stable dividend yield of 1.48%
Low debt levels and strong book value per share (₹189.74)
Consistent market presence in Southern India
| Investor Type | Holding (%) |
|---|---|
| Retail & Others | 54.55% |
| Promoters | 40.92% |
| Foreign Institutions | 4.45% |
| Other Domestic Institutions | 0.08% |
| Mutual Funds | 0.01% |
This distribution shows healthy retail participation and stable promoter confidence, which reflects long-term trust in the company’s management and growth trajectory.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2025 | 200 | 215 |
| 2026 | 220 | 235 |
| 2027 | 240 | 260 |
| 2028 | 265 | 285 |
| 2029 | 290 | 315 |
| 2030 | 320 | 350 |
These targets are based on NCL Industries’ revenue trends, cement demand outlook, capacity expansion plans, and the broader growth in India’s infrastructure sector.
In 2025, NCL Industries is expected to maintain steady performance supported by strong cement demand in Southern India.
Why:
Rising infrastructure and housing activity
Stable cement prices and cost optimization
Consistent dividend payouts
Investment Advice: Consider buying during market corrections; good for short- to mid-term investors.
By 2026, capacity utilization is expected to rise due to ongoing infrastructure projects and improved rural housing demand.
Why:
Cement consumption driven by government housing schemes
Increase in RMC production and demand
Solid cash flow management
Investment Advice: Hold for long-term gains; potential upside with market expansion.
In 2027, NCL Industries may benefit from margin expansion due to cost efficiencies and higher realization per tonne.
Why:
Use of renewable energy and efficiency upgrades
Improvement in operational margins
Better profitability from diversified portfolio
Investment Advice: Suitable for investors seeking stability with moderate growth potential.
By 2028, NCL Industries could cross ₹265, reflecting strong market sentiment.
Why:
Expanding product mix and RMC business
Higher earnings and improved net profit
Strong promoter confidence with ~41% holding
Investment Advice: Continue holding; suitable for SIP or staggered investing.
With increasing construction activities and higher cement demand, 2029 may witness another upward trend.
Why:
Improved cement realization and logistics network
Growth in southern and eastern markets
Better financial ratios and low volatility (Beta 1.05)
Investment Advice: Ideal for long-term investors seeking steady growth in the infrastructure segment.
By 2030, NCL Industries may emerge as one of the most stable mid-cap cement stocks.
Why:
Strong fundamentals and consistent earnings
Expansion in hydropower and board divisions
Sustained cement demand from real estate and government projects
Investment Advice: Excellent for long-term portfolio diversification; potential for wealth creation.
Yes. NCL Industries offers a balanced risk-return profile for investors interested in the cement and infrastructure sectors. With consistent performance, a decent dividend yield, and strong promoter support, it’s a steady compounder candidate for long-term portfolios.
Robust book value per share (₹189.74)
Healthy dividend yield (1.48%)
Strong retail investor base
Expanding demand in the cement sector
Price fluctuations in raw materials like coal and limestone
Seasonal demand variations
Competition from larger cement manufacturers
NCL Industries Ltd continues to strengthen its market position with sustainable operations and diversified revenue streams. With a market cap of ₹920 crore and strong fundamentals, the company’s stock offers long-term growth potential.
Currently trading near ₹196.92, analysts project that NCL Industries shares could reach ₹350 by 2030, supported by stable earnings, infrastructure growth, and consistent demand in core markets.
For investors seeking steady returns and moderate risk exposure, NCL Industries Ltd can be a dependable choice in the cement and infrastructure space.
1. What is the current share price of NCL Industries Ltd?
As of November 2025, the share trades around ₹196.92.
2. What is NCL Industries’ 2025 target price?
The 2025 target price is projected between ₹200 and ₹215.
3. What is the long-term target for NCL Industries by 2030?
By 2030, the share price may reach between ₹320 and ₹350.
4. Is NCL Industries a good buy for long-term investors?
Yes, its solid fundamentals, strong promoter confidence, and dividend yield make it a good long-term pick.
5. What is NCL Industries’ promoter holding?
Promoters hold about 40.92% of the company’s shares.
6. What is the market capitalization of NCL Industries Ltd?
As of November 2025, the market capitalization is approximately ₹920 crore.
7. What is the dividend yield of NCL Industries?
The dividend yield is 1.48%.
8. What is the 52-week high and low of NCL Industries?
The 52-week high is ₹239.39 and the low is ₹179.21.
9. What is the face value of NCL Industries shares?
The face value is ₹10 per share.
10. Should you invest in NCL Industries now?
Yes, for investors focusing on consistent long-term returns in the cement sector, it’s a suitable addition during price corrections.
Disclaimer: This article is for educational and informational purposes only. Please consult a certified financial advisor before making investment decisions.
