North Eastern Carrying Corporation
- Market cap
- ₹ 183 Cr.
- P/E
- 39x
- P/B
- 0.81x
- 52-week range
- 10.55 – 23.25
- ROE
- 2%
- ROCE
- 5%
- Dividend yield
- 0%
- Debt / equity
- 0.55
- Sector
- Transport Services
- Industry
- Logistics Solution Provider
- Listed on
- NSE, BSE
About
North Eastern Carrying Corporation Limited is an India-based transport and logistics company. The Company is engaged in offering domestic goods transportation, international goods transportation, commercial goods transportation services, industrial goods transportation, and warehousing services. Its services include a range of freight management and customized logistics solutions backed by automated enterprise resource planning (ERP) based software. The Company’s services include booking small parcels, part truck load (PTL), full truck load (FTL) consignments, bulk movements, and project consignments to over-dimensional consignments (ODC). It provides end-to-end supply chain services. The Company also provides containerized movement of cargo, warehousing, packing and moving, third-party logistics (3 PL) and storage facilities all under one roof. The Company has approximately 300 branches across Pan India, Nepal and operational set-ups in Bhutan and Bangladesh.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Logistics Solution Provider: 83 companies →North Eastern Carrying Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)39 against a typical 16: pricier than most peers (1st = cheapest).67th of 82
- Sales growth+7.8% against a typical +15.2% from a year earlier.43rd of 65
- Profit growth+18.1% against a typical +4.8% from a year earlier.22nd of 51
- Share price, 3 months+21.2% against a typical −6.1%.8th of 75
- Size₹ 183.1 Cr. market value against a typical ₹ 127.3 Cr. (1st = largest).36th of 82
Latest announcements
Exchange filings and their impact on the company.
- 24 Oct 2026Outcome of Board MeetingMedium impactPositiveQ2 revenue up ~8% and profit up ~19% with margin recovery and lower debt.
North Eastern Carrying Corp reported Q2 FY27 revenue of Rs 76.27 crore, up 7.8% year-on-year, and net profit of Rs 2.15 crore, up 18.5%. For the half year, revenue was Rs 151.86 crore and profit Rs 4.17 crore, with operating margins improving and borrowings falling to Rs 116 crore. The board also changed Mr. Utkarsh Jain from Whole-time Director to Non-Executive Non-Independent Director.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB; IND A3+ | Stable | 17 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Oct 2025 | Reaffirmed | IND BBB | — | India Ratings | ₹ 100 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 24 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 1 Oct 2026 | Other business matters | To consider other business matters viz. the allotment of 1,00,00,000 (One Crores) convertible warrants ( Warrants ) on preferential basis to Mr. Sunil Kumar Jain, Promoter of the Company, at an issue price of Rs. 18.51 per Warrant, pursuant to the approval of the Members of the Company obtained at the Annual General Meeting held on September 10, 2026, and other applicable laws, rules and regulations. |
| 11 Aug 2026 | Fund Raising/Other business matters | To consider Fund Raising (Preferential Issue) , Proposal for convening and Annual/Extraordinary General Meeting and other business matters |
| 4 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026, Increase in Authorized Share Capital subject to the approval of the Shareholders and other business matters |
| 6 Jun 2026 | Other business matters | To consider and approve allotment of 45,00,000 equity shares to promoter against conversion of Loan aggregating of Rs. 6.83 Crores on a preferential basis. |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 86 | 92 | 78 | 82 | 81 | 88 | 69 | 71 | 72 | 96 | 76 | 76 |
| Expenses | 79 | 87 | 70 | 75 | 76 | 86 | 64 | 68 | 65 | 94 | 71 | 71 |
| Operating Profit | 6 | 5 | 8 | 7 | 5 | 2 | 5 | 3 | 7 | 2 | 4 | 5 |
| OPM % | 7.5% | 5.2% | 9.8% | 8% | 6.6% | 2.8% | 7.7% | 4% | 9.2% | 2.2% | 5.9% | 6.9% |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 2 | 2 | 1 |
| Interest | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 3 | 5 | 4 | 3 | 1 | 2 | 3 | 5 | 1 | 3 | 3 |
| Tax % | 18.8% | 3.7% | 30.2% | 28.6% | 33.2% | −112.1% | 25.8% | 31.3% | 27.6% | 18.6% | 38.9% | 24% |
| Net Profit | 3 | 3 | 4 | 3 | 2 | 2 | 2 | 2 | 3 | 1 | 2 | 2 |
| EPS in Rs | 0.27 | 0.3 | 0.38 | 0.29 | 0.19 | 0.18 | 0.18 | 0.18 | 0.34 | 0.07 | 0.19 | 0.21 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −5%
- 5 Years
- 6%
- 3 Years
- 0%
- TTM
- 4%
- 10 Years
- −2%
- 5 Years
- 28%
- 3 Years
- −5%
- TTM
- 14%
- 10 Years
- −8%
- 5 Years
- −1%
- 3 Years
- −7%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 4%
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| North Eastern Carrying Corporation | ₹ 18.47 | ₹ 183 Cr. | 39x | 0.8x | 2% | — |
| Transport Corporation of India | ₹ 859.45 | ₹ 6,603 Cr. | 15.7x | 2.8x | 19.3% | 9.4% |
| VRL Logistics | ₹ 260.20 | ₹ 4,563 Cr. | 17.2x | 3.6x | 21.3% | 7.4% |
| Mahindra Logistics | ₹ 371.40 | ₹ 3,698 Cr. | 444.4x | 3.3x | 0.3% | 0.2% |
| Antony Waste Handling Cell | ₹ 282.90 | ₹ 798 Cr. | 15.6x | 1.7x | 10.8% | 8.7% |
| Orissa Bengal Carrier | ₹ 55.50 | ₹ 117 Cr. | — | 1.3x | −8.9% | −2.3% |
Management
- Sunil Kumar Jain
- Executive Chairman of the Board, Chief Executive Officer
- Chandan Singh
- Chief Financial Officer
- Rakesh R
- Chief Compliance Officer, Company Secretary
- Avinash Suresh Rao Pande
- General Manager, West & South
- Ravi Gupta
- Corporate Head & Key Accounts
- Vinod Nair
- Corporate Head - Legal & HR
- R. N. Prasad
- Manager IT
- D. K. Singh
- Corporate Head - Operations
Prices are delayed and for information only. Nothing on this page is investment advice.