Nuvoco Vistas Corporation logo

Nuvoco Vistas Corporation share price

NSE: NUVOCOBSE: 543334Cement & Cement ProductsSmall Cap

Last close ₹330.60down ₹7.10 (2.10%)BSE ₹330.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹337.70.

52-week range of traded prices to 23 Oct 2026
₹276.25Low, 24 Mar 2026₹430.20High, 29 Oct 2025
Market cap
₹11,808 Cr513th largest listed
P/E
28.5
P/E without one-offs
25.5
P/B
1.2
Dividend yield
Nonein the last 12 months
ROE
4.4%
ROE without one-offs
4.9%
ROCE
6.6%
Debt to equity
0.50
Volume, NSE
7,38,67530.8% delivered

Share price

Daily closes since Aug 2021, adjusted for splits and bonuses

−21.7%over a year

Results20-session average 3,49,326 shares a day, 46.6% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Sep 2026, against the quarter beforeFiled 22 Oct

Revenue
₹2,790 Crdown 10.83%
Net profit
₹65 Crdown 59.41%
Net margin
2.3%

Revenue by year

Peak revenue ₹11,338 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreDec 2024Filed 22 JanMar 2025Filed 10 JunJun 2025Filed 17 JulSep 2025Filed 15 OctDec 2025Filed 15 JanMar 2026Filed 14 AprJun 2026Filed 13 JulSep 2026Filed 22 Oct
Revenue2,4093,0422,8732,4582,7013,3073,1292,790
Net profit−61166133364914116065
Net margin−2.5%5.4%4.6%1.5%1.8%4.3%5.1%2.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Cement₹10,325 Crup 9.50%90.6%
  • Ready Mix Concrete and Others₹1,066 Crup 5.52%9.4%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history

Price to earnings

At or below today's level on 20% of 618 trading days over the last 3 years.

LowestHighest
Its median32.5Industry median27.1
Price to book

At or below today's level on 18% of 1,227 trading days since Nov 2021.

LowestHighest
Its median1.4Industry median1.5
EV to EBITDA8.6

At or below today's level on 9% of 1,096 trading days since May 2022.

LowestHighest
Its median11.7Industry median14.0

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−8.7%+1,550.8%−94.5%0.0%
3 years−6.6%+183.9%−67.1%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023 and Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters72.02%
  • Foreign institutions4.63%
  • Indian institutions17.65%
  • Individuals and others5.70%
Holder
NIYOGI ENTERPRISE PRIVATE LIMITEDPromoter60.16%
Hiren Karsanbhai PatelPromoter9.36%
Rakesh Karsanbhai PatelPromoter2.33%
Keyuriben Rakeshbhai PatelPromoter0.09%
Rajalben H PatelPromoter0.08%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

72 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 41 of the 47 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Bought for the first time
4
Added
16
Cut
31
Held unchanged
21
Sold out
3
Fund
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund1,75,88,1720.55%₹594.1 Cr
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund83,70,4350.63%₹282.8 Cr
SBI Mutual Fund logoSBI Flexicap FundSBI Mutual Fund78,29,0281.20%₹264.5 Cr
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund56,04,4940.47%₹189.3 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Small Cap FundICICI Prudential Mutual Fund26,69,3040.92%₹90.2 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund21,12,8540.07%₹71.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Infrastructure FundICICI Prudential Mutual Fund19,59,2030.80%₹66.2 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund16,23,4590.07%₹54.8 Cr
Tata Mutual Fund logoTata Business Cycle FundTata Mutual Fund12,98,3241.82%₹43.9 Cr
Tata Mutual Fund logoTata Infrastructure FundTata Mutual Fund12,87,5482.19%₹43.5 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Cement & Cement Products, 40 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Nuvoco Vistas Corporation in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Dalmia Bharat logoDalmia BharatDALBHARAT29,84732.01.712.1+7.6%−0.2%5.3%6.5%0.57%
ACC logoACCACC21,77211.41.18.1+11.8%−21.1%9.8%7.3%0.65%
The Ramco Cements logoThe Ramco CementsRAMCOCEM17,47127.12.215.7+8.6%+101.2%8.3%5.0%0.34%
JSW Cement logoJSW CementJSWCEMENT15,94921.02.416.1––11.6%8.2%0.43%
The India Cements logoThe India CementsINDIACEM9,78779.91.021.3+5.2%+851.1%1.2%2.0%0.00%
Star Cement logoStar CementSTARCEMENT6,47517.52.07.7+14.5%+56.4%12.2%14.1%0.62%
Birla Corporation logoBirla CorporationBIRLACORPN5,98910.80.86.3+3.9%+44.9%7.7%8.5%1.61%
JK Lakshmi Cement logoJK Lakshmi CementJKLAKSHMI5,90716.01.58.2+8.7%−2.4%10.1%9.9%1.37%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Nuvoco Vistas Corporation share price by year

Each calendar year to 2025.Nuvoco Vistas Corporation share price history

YearClose at year endChangeHighest closeLowest close
2025355.95+1.6%470.60288.75
2024350.25−8.4%377.20294.35
2023382.50+4.8%388.75325.70
2022365.05−26.9%512.75264.80
2021499.35–567.40485.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 23 Aug 2021.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026340.50341.05328.00330.60333.677,38,67530.8%
22 Oct 2026330.00341.85327.05337.70337.323,88,19732.0%
21 Oct 2026338.05341.40327.30331.80333.232,78,61748.5%
19 Oct 2026341.00353.50338.95341.45348.839,24,46734.7%
16 Oct 2026335.70342.85331.40341.15338.392,21,22643.8%
15 Oct 2026321.15338.35320.05335.90332.567,35,46729.5%
14 Oct 2026322.95324.95317.60321.15320.902,29,47256.4%
13 Oct 2026320.30320.45312.20319.00316.071,46,95544.1%
12 Oct 2026320.20323.00315.40318.30317.9488,37442.8%
9 Oct 2026321.35325.35315.50317.10317.842,33,99860.0%
Prices in ₹ per share as traded, not adjusted.

About Nuvoco Vistas Corporation

Nuvoco Vistas Corporation Limited is a building materials company. It makes and sells cement, ready-mix concrete and modern building materials to individual home builders, contractors, and large institutional and infrastructure projects. It was incorporated in 1999.

The business is organised into three segments: Cement, Ready-Mix Concrete (RMX) and Modern Building Materials (MBM). The cement range is sold under brands such as Nuvoco Concreto, Nuvoco Duraguard and Double Bull. The MBM range is sold under the Zero M name and includes wall putty and tile adhesive. Across the three segments the company offers more than 60 products. The RMX business runs 58 plants across India.

The cement plants are located in West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in Eastern India, in Rajasthan and Haryana in the north, and in Gujarat in the west. Together they give a cement capacity of 27 MMTPA, which means 27 million tonnes a year. Its largest base is Eastern India, with a growing presence in the north and west.

The company's cement operations began with a greenfield plant at Nimbol, Rajasthan, in 2014. It has grown by acquisition: Lafarge India Limited in 2016, NU Vista Limited in 2020 and Vadraj Cement Limited in 2025. The Vadraj purchase was approved by the National Company Law Tribunal under the Insolvency and Bankruptcy Code and gave the company clinker and cement assets in Gujarat. NU Vista Limited, which also makes and sells cement, and Vadraj Cement Limited are now wholly owned subsidiaries.

Legal name
Nuvoco Vistas Corporation Limited
NSE symbol
NUVOCO
BSE code
543334
ISIN
INE118D01016
Industry
Cement & Cement Products
Listed
Aug 2021
Face value
₹10
CIN
L26940MH1999PLC118229
Corporate identity number, the registrar of companies' code for it