Table of Contents

Nicco Corporation Ltd

Updated on April 19, 2024

Stock/Share Code - NICCO

Nicco Corporation Limited (NCL) is the flagship company of the Nicco Group. For nearly over six decades, NCL has been one of the pioneers in the Indian cable manufacturing industry.

Below is the details of NICCO Nicco Corporation Ltd

Market Cap	₹6.84 Cr.
Current Price	₹0.5
52 Week High / Low Price	/
Face Value	₹2
Stock P/E
Book Value	-₹23.54
Dividend Yield	0.00 %
ROCE	%
ROE	%
Sales Growth (3yrs)	-71.84 %
Sector	Cables
Industry	Cables - Telephone
Listed on	BSE AND NSE
Company Website	Company Website

Pros:

Cons: Company has low interest coverage ratio. The company has delivered a poor growth of -54.59% over past five years. Contingent liabilities of Rs.94.71 Cr.

Nicco Corporation Ltd Peer Comparison in Cables

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Sterlite Tech.	₹151.3	19.07	₹9,724.48 Cr.	0.82	₹145.6 Cr.	61.62	59.83	1334.87	28.07
2.	Vindhya Telelink		11.94	₹1,788.11 Cr.	0.66	Cr.				11.13
3.	Birla Cable	₹1	9.38	₹477.3 Cr.	0.63	₹15.17 Cr.	210.22	74.39	144.08	18.54
4.	Aksh Optifibre		6.31	₹305.06 Cr.	1.60	₹8.76 Cr.	36.85	-10.53	137.65	8.05
5.	CMI		7.39	₹191.75 Cr.	0.78	₹6.83 Cr.	0.15	30.81	175.93	16.65
6.	Bhagyanagar Ind		7.24	₹97.1 Cr.	0.00	₹1.6 Cr.	-16.23	22.24	145.80	6.73
7.			₹5.94 Cr.	0.00	-₹3.77 Cr.	-5.31		0.00
8.	Nicco Corpn.			₹6.84 Cr.	0.00	-₹62.83 Cr.	-37.07		0.18

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Nicco Corporation Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Dec 2014	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017
Sales	15	6	2	2	2	0	0	0	0	0	0	0
YOY Sales Growth %	-75.4%	-89.01%	-95.23%	-94.83%	-87.63%	-100%	-100%	-100%	-100%	%	%	%
Expenses	21	14	6	4	5	2	1	1	1	1	1	3
Material Cost %	72.61%	79.54%	97.11%	72%	65.59%	%	%	%	%	%	%	0%
Employee Cost %	38.23%	92.47%	124.86%	59.5%	79.03%	%	%	%	%	%	%	1027.78%
Operating Profit	-6	-7	-4	-2	-3	-2	-1	-1	-1	-1	-1	-3
OPM %	-41%	-122%	-222%	-91%	-145%							-1,472%
Other Income	1	3	1	2	1	-1	1	1	0	13	1	-50
Interest	11	11	12	9	10	8	9	9	9	8	9	9
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	-18	-16	-16	-10	-12	-12	-10	-10	-10	2	-10	-63
Tax %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	0%	-0%	-0%
Net Profit	-18	-16	-16	-10	-12	-12	-10	-10	-10	2	-10	-63
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	TTM
Sales	306	382	435	340	307	290	289	250	228	96	6	0
Sales Growth %	%	24.92%	13.9%	-21.74%	-9.83%	-5.66%	-0.3%	-13.34%	-8.88%	-57.87%	-94.18%	%
Expenses	295	342	390	349	327	278	256	225	220	112	18	6
Material Cost %	66.23%	64.74%	60.48%	60.36%	73.38%	63.35%	63.32%	61.57%	61.76%	67.51%	79.07%	%
Manufacturing Cost %	9.69%	9.76%	14.69%	20.35%	14.79%	12.92%	8.2%	7.87%	0%	0%	0%	%
Employee Cost %	5.83%	5.15%	5.95%	9.1%	8.63%	10.25%	10.17%	12.51%	0%	25.62%	106.44%	%
Other Cost %	14.85%	9.98%	8.63%	12.85%	9.75%	9.44%	6.93%	8.02%	34.52%	23.02%	142.58%	%
Operating Profit	10	40	45	-9	-20	12	33	25	8	-16	-13	-6
OPM %	3%	10%	10%	-3%	-7%	4%	11%	10%	4%	-16%	-228%	-3,178%
Other Income	30	3	1	1	4	8	-2	-3	7	17	4	-36
Interest	28	21	25	36	31	34	37	41	42	43	39	36
Depreciation	8	8	8	8	8	7	6	6	6	4	4	4
Profit before tax	4	13	13	-52	-55	-21	-12	-25	-33	-46	-51	-81
Tax %	81%	53%	49%	-1%	21%	27%	-0%	-0%	-0%	-0%	-0%
Net Profit	1	6	6	-53	-43	-15	-12	-25	-33	-46	-51	-81
EPS in Rs	0.16	0.67	0.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Payout %	0%	0%	0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth

10 Years:: -32.98%
5 Years:: -54.59%
3 Years:: -71.84%
TTM:: -90.32%

Compounded Profit Growth

10 Years:: 7.08%
5 Years:: 18.16%
3 Years:: 35.41%
TTM:: 80.03%

Return on Equity

TTM:: None%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Sep 2017
Share Capital	69	40	40	40	41	44	44	45	48	48	49	49
Preference Capital	21.83	21.83	21.83	21.83	21.83	21.83	21.83	21.83	21.83	21.83	21.83
Equity Capital	43.8	18.15	18.15	18.15	18.88	22.39	22.39	22.99	26.39	26.39	27.39	27.38
Reserves	-20	30	34	-20	-63	-73	-117	-141	-174	-232	-282	-371
Borrowings	195	167	152	188	190	185	181	153	84	96	169	373
Other Liabilities	161	157	195	188	226	216	259	308	350	336	293	79
Trade Payables	80.85	85.36	113.21	98.68	140.8	132.82	137.84	184.3	0	136.3	64.62	28.18
Total Liabilities	380	372	400	374	372	351	344	343	287	227	207	130
Fixed Assets	142	128	120	111	101	93	87	80	73	51	43	33
Gross Block	261.56	257.54	259.07	259.68	258.19	258.49	260.44	261.17	72.83	51.06	42.63
Accumulated Depreciation	119.72	129.22	139.13	148.82	156.98	165.52	173.61	181.42	0	0	0
CWIP	0	0	0	0	0	0	1	0	1	0	0	0
Investments	9	22	22	22	18	17	17	4	4	3	3	3
Other Assets	229	221	258	241	253	240	240	258	209	173	161	93
Inventories	27.66	19.14	32.8	43.92	42.56	33.2	29.18	25.3	22.39	12.4	11.48	7.82
Trade receivables	81.71	106.32	136.71	112.06	125.58	120.69	122.93	131.38	99.84	62.34	53.64	37.66
Cash Equivalents	12.85	4.15	2.9	3.83	2.58	3.71	2.27	13.41	14.85	23.66	25.36	27.1
Loans n Advances	105.4	91.22	85.64	81.65	82.61	82.33	67.39	69.15	61.2	63.47	59.73	12.94
Total Assets	380	372	400	374	372	351	344	343	287	227	207	130

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Cash from Operating Activity	25	25	32	-5	14	17	28	45	56	-11	-89
Profit from operations	14.26	35.92	38.95	-15.75	-25.49	6.45	34.57	0	0	0	0
Working Capital Changes	11.44	-11.61	-5.54	12.42	39.11	8.88	-5.68	0	0	-10.6	-89.01
Taxes paid	-0.42	0.82	-1.09	-1.65	-0.02	1.3	2.15	45.02	56.07	0	0
Cash from Investing Activity	-1	2	-1	-1	7	6	-2	12	-1	1	3
Fixed Assets Purchased	-0.96	-0.76	-2.05	-0.82	-0.33	-0.71	-2.25	0	0	0	0
Fixed Assets Sold	0.05	2.43	0.17	0.05	3	0.04	0.01	0	0	0	0
Investments purchased	0	-0.05	0	-0.1	0	0	0	0	0	0	0
Investments sold	0.06	0	0.26	0.21	4.05	7	0.05	0	0	0	0
Cash from Financing Activity	-14	-36	-32	6	-22	-22	-28	-58	-54	8	86
Proceeds from Shares	11.94	8.29	0	0	0	10.73	0	0	0	0	0
Proceeds from Borrowings	0.36	0	0	36.18	1.91	0	3.59	0	0	0	0
Repayment of Borrowings	0	-28.41	-14.46	0	0	-5.34	0	0	0	0	0
Interest Paid	-26.07	-15.49	-17.62	-29.76	-23.62	-27.36	-31.21	0	0	0	0
Net Cash Flow	11	-9	-1	1	-1	1	-2	-1	1	-2	-1

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Ratios

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
ROCE %		14%	17%	-7%	-14%	4%	22%	25%	124%
Debtor Days	98	102	115	120	149	152	155	192	160	237	3,502
Inventory Turnover		16.32	16.75	8.87	7.10	7.64	9.26	9.19	9.56	5.52	0.47

Announcements & News

Recent Announcements

Clarification sought from Nicco Corporation Ltd | Oct. 12, 2017

Annual Reports

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