Is NCL Industries the Best Stock in Its Sector? A Look at the Numbers

NCL Industries CMP Rs 167 (01 Oct 2026). Market cap Rs 788 Cr. ROE 13.95%. P/E 8.52x versus Industry P/E 29.89x.

Updated: 1 Oct 2026 • 4:07 pm

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Is NCL Industries the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

NCL Industries is one of the names investors compare when screening the Construction Materials sector, built on a 13.95% return on equity and a P/E of 8.52x against an Industry P/E of 29.89x. Whether NCL Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Construction Materials sector peers, so you can judge that for yourself.

Is NCL Industries the best stock in its sector? The stock trades on the NSE at Rs 167 as of 01 October 2026, within its 52-week range of Rs 147.50 to Rs 214.80. NCL Industries Ltd manufactures cement and cement-based building products.

NCL Industries sits in the Construction Materials sector, and its 13.95% ROE and 8.52x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About NCL Industries

NCL Industries Ltd manufactures cement and cement-based building products. The stock fell close to 4 percent during this session. At a market capitalisation of Rs 788 Cr, it is tracked as part of the Construction Materials sector on Univest.

Is NCL Industries the Best Stock in Its Sector?

NCL Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 13.95% ROE with a 8.52x P/E against the sector's 29.89x Industry P/E. NCL Industries' 8.52x P/E is far below the 29.89x Industry P/E despite a strong 13.95% ROE, making it look inexpensive relative to its own quality among construction materials peers covered in this series.

Metric	NCL Industries
CMP (NSE)	Rs 167.45
52-Week High / Low	Rs 214.80 / Rs 147.50
Market Cap	Rs 788 Cr
P/E (TTM) vs Industry P/E	8.52x vs 29.89x
P/B	0.84
ROE	13.95%
EPS (TTM)	Rs 20.45
Dividend Yield	2.01%
Debt to Equity	0.25

Compare NCL Industries Against Other Construction Materials Sector Stocks

How NCL Industries Compares Against Its Construction Materials Sector Peers

The table below sets NCL Industries against 2 other Construction Materials sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
NCL Industries	788	8.52	13.95%	0.25
Mangalam Cement	2,728	23.77	14.94%	0.91
KCP	2,017	8.32	11.06%	0.37
Peer average (2 companies)	-	16.05	13.00%	0.64

Against this peer set, NCL Industries's 13.95% ROE is above the 13.00% peer average, and its P/E of 8.52x runs below the peer average of 16.05x. NCL Industries' 8.52x P/E is far below the 29.89x Industry P/E despite a strong 13.95% ROE, making it look inexpensive relative to its own quality among construction materials peers covered in this series.

What Makes NCL Industries Worth Watching in Construction Materials

Well below book value and Industry P/E: An 8.52x P/E against a 29.89x Industry P/E, alongside a P/B of 0.84, means the stock trades below its own book value.
Strong ROE: A 13.95% ROE is well above most construction materials peers covered in this series.
High dividend yield: A 2.01% dividend yield adds a meaningful income component.

NCL Industries Valuation: Is It Justified?

NCL Industries' 8.52x P/E is far below the 29.89x Industry P/E despite a strong 13.95% ROE, making it look inexpensive relative to its own quality among construction materials peers covered in this series. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Motisons Jewellers the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track NCL Industries and other Construction Materials sector stocks.

How to Track NCL Industries Before You Invest

Before deciding whether NCL Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Construction Materials sector peers using the steps below.

Open the Univest Screener and search for NCL Industries to view live price, valuation ratios, and peer comparisons within the Construction Materials sector.
Compare its P/E, P/B, and ROE against other Construction Materials sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

NCL Industries earns a place in the best stock in its sector conversation on the strength of a 13.95% ROE and a P/E of 8.52x against a 29.89x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is NCL Industries the best stock in its sector?

Ans. NCL Industries has a 13.95% ROE and trades at 8.52x P/E against a 29.89x Industry P/E, and compares above the peer average ROE of 13.00% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of NCL Industries?

Ans. NCL Industries was trading at Rs 167.45 on the NSE as of 01 October 2026, within its 52-week range of Rs 147.50 to Rs 214.80.

What sector does NCL Industries belong to?

Ans. NCL Industries is classified under the Construction Materials sector on Univest.

How does NCL Industries compare to its sector peers on P/E?

Ans. NCL Industries's P/E of 8.52x is below the 16.05x average of the 2 named peers compared in this article.

What is NCL Industries's return on equity?

Ans. NCL Industries reported a return on equity of 13.95%, which is above the 13.00% average of its named peers in this comparison.

Should I invest in NCL Industries based on its sector position?

Ans. NCL Industries's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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