NCL Buildtek Ltd
Hyderabad building-products maker (formerly NCL Alltek & Seccolor) growing 40% with ₹406 Cr revenue and ₹44 Cr profit in FY25.
Market cap
₹651.2 Cr
4.40 Cr shares
P/E ratio
14.77
Sector average 28
Book value
₹52.57
P/B 2.82
1-year return
-37.43%
52w ₹118 – ₹185
Currently 45% of the way through its 52-week range.
Indicative price history
1Y change
-38.03% ₹239 → ₹148
52-week band in this window: ₹144.37 – ₹238.81. Weekly indicative marks, not exchange-traded prices.
Key highlights
- FY25 revenue ₹406.2 Cr (+40%) and PAT ₹44.1 Cr (+37%); equity ₹231.3 Cr.
- Portfolio spans AAC blocks, dry mortars, putty, tile adhesives, uPVC/aluminium windows and ABS doors.
- Part of the Hyderabad NCL group alongside listed NCL Industries and investment arm NCL Holdings (A&S).
About NCL Buildtek
NCL Buildtek Ltd, previously NCL Alltek & Seccolor Ltd, is the building-products arm of the Hyderabad-based NCL group (promoters of listed NCL Industries, maker of Nagarjuna Cement). Registered under CIN U72200TG1986PLC006601, it manufactures AAC (fly-ash) blocks, ready-mix dry mortars, wall putty and texture finishes, tile adhesives, uPVC and aluminium windows and doors, and ABS doors, selling to builders and retail across south and west India.
Growth has been rapid: revenue rose from ₹289.5 Cr in FY24 to ₹406.2 Cr in FY25 (+40%) and profit after tax from ₹32.1 Cr to ₹44.1 Cr (+37%). Shareholders' equity grew 38% to ₹231.3 Cr and total assets 17% to ₹463 Cr, reflecting capacity additions in blocks and putty. The investment portfolio of the erstwhile company was demerged into NCL Holdings (A&S) Ltd, leaving Buildtek as a pure operating business.
The company is closely held by the NCL promoter families (Ravi, Datla and associates) with the balance held by former NCL Alltek public shareholders. Dealer quotes ranged between ₹229 and ₹324 over the year to late 2025; the ₹148 rate on this board is below that range, which may reflect a subsequent bonus issue or a market re-rating, so investors should confirm the share count with the dealer.
Board names are per group disclosures and should be verified with the registry. FY23 figures, share count and balance-sheet line items are reconstructed around reported totals; treat them as approximate.
Where the revenue comes from
- AAC blocks & building materials45%
Fly-ash AAC blocks and related jointing mortars
- Dry mortars, putty & coatings30%
Wall putty, texture finishes, tile adhesives and plaster
- uPVC & aluminium windows/doors20%
Fabricated fenestration for builders and retail
- Other products5%
ABS doors and trading
Products & services
NCL AAC blocks
Lightweight fly-ash aerated concrete blocks for walls.
Alltek putty & finishes
Acrylic wall putty, textures and tile adhesives.
Seccolor windows & doors
uPVC and aluminium fenestration systems and ABS doors.
What works
- • Diversified building-products portfolio with strong brands in AAC blocks, putty and uPVC windows in south India.
- • Revenue up 40% and PAT up 37% in FY25 with a 38% rise in net worth — self-funded growth.
- • Backing of the NCL group, which supplies cement, distribution relationships and management depth.
What to watch
- • Demand tied to real-estate and construction cycles in Telangana, Andhra Pradesh and Karnataka.
- • Input costs (cement, fly ash, polymers, PVC resin) and freight can squeeze margins.
- • Share count and recent corporate actions are not fully visible; dealer quotes vary widely and liquidity is limited.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| NCL BuildtekThis page | ₹148.00 | ₹651.2 Cr | 14.77 | 2.82 | +24.51% |
| NCL Holdings | ₹119.00 | ₹523.6 Cr | 100.85 | 2.27 | +4.08% |
Latest reported year: FY25 ending 31 Mar 2025.