NCL Buildtek Ltd. is part of the ₹3000 crore NCL Group, with a presence in construction and building materials. It has a 30+ year legacy, offering quality product ranges including Windows, Doors, Putties, Wall Paints, textures, Flyash blocks & Tile Adhesives with a strong presence in the market. NCL Buildtek's portfolio and distribution network have expanded its strength and width across India.
**Products:**
* **Windoors:** Include uPVC Windows, Aluminium Windows & Doors, Steel Window Doors, and ABSolutely Smart Doors. uPVC windows are durable, low-maintenance, and energy efficient. Aluminium windows and doors are stylish and energy efficient. Steel windows are color coated, galvanized, durable, offer excellent insulation and long-lasting investment. Absolutely smart doors feature automated locking, integrated security, and remote control access.
* **Coatings:** NCL Wall Putty offers breathable walls and superior surface bonding. NCL Paint is a budget-friendly acrylic distemper for interior surfaces, available in various shades. A textured exterior plaster for unique architectural designs is 2mm thick, with a blend of marble powder, silica sand, and quartz bound together with acrylic.
* **Walls:** NCL Flyash Blocks are made of lightweight fillers, cement, fine additives, and lime, cured in an autoclave under high-pressure steam.
* **Services:** Fabrication and installation of Windows and Doors.
**Management Profile:**
Key individuals and their backgrounds:
* **Sri. Kamlesh Suresh Gandhi (Chairman):** 45 years in Indian finance, raised funds for 325+ issues, directorships including BSE tenure, and advisory roles for NRI investors.
* **Sri. Kalidindi Venkata Vishnu Raju (Independent Director):** NIT Trichy and Michigan Tech alum, with background in polymers and cement, role at Raasi Cement.
* **Sri. Kalidindi Gautam (Director):** ICFAI and University of Bedfordshire alumnus, advanced from management trainee in 2007 to Joint Managing Director of NCL Industries.
* **Ms. P. Madhavi (Director):** JNTU bachelor's and MBA from Eastern Michigan University, with IT healthcare expertise, leading NCL Industries' Projects Division and directorship at Kulinary Magic Pvt. Ltd.
* **Sri. Vatsavayi Venkata Jagannadha Raju (Executive Director):** ICFAI and University of Bedfordshire alumnus, advanced from management trainee in 2007 to Joint Managing Director of NCL Industries.
* **Ms. Pooja Kalidindi (Executive Director):** Finance and marketing expert, PGDM, graduate degree in commerce, strategic management training from IIMK, 12 years at NCL Buildtek Ltd, directorships in energy and industrial firms.
**Manufacturing Unit:**
NCL Buildtek has various manufacturing units:
* Coatings Unit (Suryapet District, Telangana)
* Windoors Unit (Sangareddy District, Telangana)
* Coatings Units (Alwar District, Rajasthan)
* Doors Unit (Telangana)
* Windoors & Services Unit (Telangana)
* AAC Blocks Unit (Krishna District, Andhra Pradesh)
* AAC Blocks Unit (SPSR Nellore District, Andhra Pradesh)
**Segment Wise Revenue (9MFY24):**
The revenue breakdown by segment is as follows:
* Coating: 48.9% (₹70 Cr, 13% PBIT Margins)
* Wall: 28% (₹92 Cr, 6.18% PBIT Margins)
* Windoors: 21.5% (₹160 Cr, 9.11% PBIT Margins)
* Services: 0.75% (₹2.45 Cr, 20% PBIT Margins)
**Financials & Valuation:**
* **Revenue (in Lakhs):** 2020: 28,546; 2021: 26,489; 2022: 40,748; 2023: 45,035; 9MFY24: 32,254
* **EBITDA (in Lakhs):** 2020: 3,525; 2021: 1,988; 2022: 3,283; 2023: 4,620; 9MFY24: 3,748
* **PAT (in Lakhs):** 2020: 1,823; 2021: -670; 2022: 804; 2023: 1,354; 9MFY24: 1,328
* **Valuation (FY 2022-23):** CMP: 275, EPS: 16.67, P/E Ratio: 16.50, Book Value: 146.57, P/B Ratio: 1.88, EV: 25156.76 Lakhs, EBITDA: 4620.35 Lakhs, EV/EBITDA: 5.44
