Nuvoco Vistas Corporation
- Market cap
- ₹ 11,847 Cr.
- P/E
- 26.9x
- P/B
- 1.29x
- 52-week range
- 276.25 – 430.2
- ROE
- 4%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 0.53
- Sector
- Cement & Cement Products
- Industry
- Cement & Cement Products
- Listed on
- NSE, BSE
About
Nuvoco Vistas Corporation Limited is a cement manufacturing company engaged in the manufacturing and sale of cement and building material products. Its product lineup includes Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM). Its cement product portfolio comprises Ordinary Portland Cement, Portland Slag Cement, Portland Pozzolana Cement, and Portland Composite Cement. RMX provides concrete solutions for developers, small contractors, builders, architects, government agencies, and individual home builders. It operates two reportable segments: Cement Division and RMX and Other Divisions. Its cement brands include Concreto, Duraguard, Double Bull, Portland Slag Cement (PSC), Infracem, and Nirmax. Its RMX brands include Concreto, InstaMix, Ecodure, Artiste, and X-Con, while its MBM brand includes Zero M. Its subsidiaries include Nu Vista Limited and Algebra Endeavour Private Limited. The Company operates approximately 11 cement manufacturing plants and 58 RMX plants.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Cement & Cement Products: 42 companies →Nuvoco Vistas 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)26.9 against a typical 30: cheaper than most peers (1st = cheapest).20th of 40
- Sales growth+13.5% against a typical +9.4% from a year earlier.17th of 37
- Profit growth+80.6% against a typical −31.3% from a year earlier.3rd of 28
- Share price, 3 months−5.5% against a typical −13.2%.9th of 39
- Size₹ 11,847.2 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).7th of 32
Latest announcements
Exchange filings and their impact on the company.
- Strong Q2 with revenue up 13.5% and PAT up 78% YoY plus 2 MTPA new grinding commissioned.
Nuvoco Vistas reported Q2 FY27 consolidated revenue of Rs 2,789.97 crore, up 13.5% from last year, and net profit of Rs 64.79 crore, up 78% from last year. For the first half, revenue grew 11% to Rs 5,918.68 crore and profit grew 32% to Rs 224.42 crore as finance costs fell sharply. The company also commissioned 2 MTPA of cement grinding capacity at Limla, Surat in its Vadraj subsidiary, which should support volume growth over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated AA- by 2 agencies- CRISIL lowered its rating on 17 Sep 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA- | Stable | 17 Sep 2026 |
| India Ratings | IND AA- | Stable | 2 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Sep 2026 | ▼ Downgrade1 notch | Crisil AA → Crisil AA- | — | CRISIL | ₹ 300 Cr. | |
| 19 Aug 2026 | Withdrawn | was Crisil AA | — | CRISIL | ₹ 7,500 Cr. | |
| 14 Jul 2026 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 7,500 Cr. | |
| 2 Jun 2026 | Rating action | IND AA- | — | India Ratings | ₹ 1,843.65 Cr. | |
| 14 Jan 2026 | Reaffirmed | Crisil AA/Watch Developing → Crisil AA | — | CRISIL | ₹ 7,000 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Nuvoco Vistas CorporationAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 22 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 13 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 14 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 15 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 15 Oct 2025 | Financial Results | To consider and approve Unaudited Financial Results (Standalone & Consolidated) for the Quarter and Half Year ended September 30, 2025 |
| 18 Aug 2025 | Fund Raising | Meeting of the Committee of the Board of Directors of the Company will be held on Monday, August 18, 2025 inter alia to consider and approve issuance of Non-Convertible Debentures on private placement basis, in one or more tranches. |
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 | 2,421 | 2,933 | 2,636 | 2,269 | 2,409 | 3,042 | 2,873 | 2,458 | 2,701 | 3,307 | 3,129 | 2,790 |
| Expenses | 2,011 | 2,443 | 2,293 | 2,050 | 2,151 | 2,491 | 2,354 | 2,091 | 2,318 | 2,719 | 2,560 | 2,382 |
| Operating Profit | 410 | 491 | 343 | 219 | 258 | 552 | 519 | 367 | 384 | 588 | 568 | 408 |
| OPM % | 17% | 17% | 13% | 10% | 11% | 18% | 18% | 15% | 14% | 18% | 18% | 15% |
| Other Income | 11 | 7 | 5 | 10 | 0 | 4 | 15 | 4 | 3 | −46 | 4 | 3 |
| Interest | 133 | 125 | 127 | 132 | 126 | 113 | 117 | 102 | 99 | 81 | 70 | 72 |
| Depreciation | 231 | 218 | 216 | 215 | 217 | 220 | 215 | 218 | 223 | 228 | 226 | 231 |
| Profit before tax | 57 | 155 | 5 | −118 | −85 | 224 | 202 | 51 | 65 | 233 | 276 | 108 |
| Tax % | 45% | 35% | 44% | −28% | −28% | 26% | 34% | 29% | 24% | 40% | 42% | 40% |
| Net Profit | 31 | 100 | 3 | −85 | −61 | 166 | 133 | 36 | 49 | 141 | 160 | 65 |
| EPS in Rs | 0.87 | 2.81 | 0.08 | −2.38 | −1.72 | 4.63 | 3.73 | 1.02 | 1.37 | 3.94 | 4.47 | 1.83 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 9%
- 3 Years
- 2%
- TTM
- 11%
- 10 Years
- —
- 5 Years
- 101%
- 3 Years
- −3%
- TTM
- 62%
- 10 Years
- —
- 5 Years
- −9%
- 3 Years
- −1%
- TTM
- —
- 10 Years
- 2%
- 5 Years
- 2%
- 3 Years
- 2%
- 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.
| Nuvoco Vistas Corporation | ₹ 332.30 | ₹ 11,847 Cr. | 26.9x | 1.3x | 4% | — |
| UltraTech Cement | ₹ 11,066.00 | ₹ 3,26,092 Cr. | 41.7x | 4.5x | 11.1% | 9.3% |
| Grasim Industries | ₹ 2,898.00 | ₹ 1,95,975 Cr. | 40.8x | 2x | 4.9% | 5.9% |
| Ambuja Cements | ₹ 358.00 | ₹ 88,956 Cr. | 21.9x | 1.8x | 8.3% | 13.8% |
| Shree Cement | ₹ 22,760.00 | ₹ 82,120 Cr. | 55.2x | 4.1x | 7.8% | 8.4% |
| Dalmia Bharat | ₹ 1,591.65 | ₹ 29,801 Cr. | 29.5x | 1.9x | 6.5% | 7.8% |
Management
- Maneesh Agrawal
- Chief Financial Officer
- Shruta Sanghavi
- Senior Vice President, Compliance Officer, Company Secretary
- Jayakumar Krishnaswamy
- Managing Director, Executive Director
- Manisha Kelkar
- Director of Human Resources
- Rajiv Ranjan Thakur
- Procurement
Prices are delayed and for information only. Nothing on this page is investment advice.