NTC Industries

BSE: NTCIND · Cigarettes & Tobacco Products

52W Range₹122 ₹218

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Snapshot

Unlock NTC Industries's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

NTC Industries Limited is a long-standing Indian manufacturer primarily focused on the production and marketing of cigarettes and tobacco products. The company has diversified its operations beyond tobacco into the real estate and hospitality sectors to broaden its revenue base.

Business Model

The company generates revenue through the manufacturing and sale of cigarette brands and tobacco-related items, supplemented by income from real estate and hospitality ventures. It leverages a manufacturing facility in West Bengal and an established distribution network to serve domestic and international markets.

  • Establishment Year:1931

Management Commentary

Management continues to prioritise brand building and the expansion of its distribution network to strengthen market presence. The company is actively pursuing diversification to mitigate reliance on the core tobacco business.

Growth Outlook

Growth is expected to be driven by the expansion of the distribution network and the strategic development of its real estate and hospitality interests. The company remains focused on enhancing its product portfolio to capture wider market share.

Key Risks

  • Regulatory Environment. The tobacco industry faces stringent government regulations, high taxation, and health-related restrictions that can impact profitability.
  • Market Competition. The company operates in a highly competitive market with established players, making it challenging to maintain or grow market share.
  • Diversification Risks. Expansion into real estate and hospitality introduces exposure to cyclical economic downturns and operational challenges outside the company's core expertise.

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Key Metrics

REVENUE

₹112 Cr

TTM · consolidated

+78.8%YoY

NET PROFIT

₹20 Cr

TTM · consolidated

+72.2%YoY

EPS

₹14.24

TTM · consolidated

+67.1%YoY

RETURN ON EQUITY

9.0%

TTM · consolidated

+0.4 ppYoY

RETURN ON CAPITAL EMPLOYED

10.9%

TTM · consolidated

-2.2 ppYoY

P/E

9.9x

Q4 FY26 · consolidated

9.9 vs 35.2x5Y avg

EV/EBITDA

9.1x

Q4 FY26 · consolidated

9.1 vs 32.0x5Y avg

EBITDA MARGIN

29.9%

TTM · consolidated

-4.8 ppYoY

NET PROFIT MARGIN

17.6%

Q4 FY26 · consolidated

-5.5 ppYoY

DEBT TO EQUITY

0.4x

Q4 FY26 · consolidated

+0.02xYoY

Peers · Cigarettes & Tobacco Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
NTC IndustriesNTCIND
₹194 Cr9.378.0278.8%29.9%9.0%10.9%-35.1%
ITC Ltd.ITC
₹3.33L Cr16.7911.9211.8%29.2%28.3%35.1%-35.1%
Godfrey Phillips India Ltd.GODFRYPHLP
₹33,126 Cr24.2120.3253.5%14.7%23.9%25.0%-80.7%
VST Industries LimitedVSTIND
₹3,575 Cr12.827.5138.5%19.0%20.1%26.4%-21.7%
Elitecon International LimitedELITECON
₹1,790 Cr11.0%-96.6%

As of Q4 FY26

Financials