1. India Stocks

  2. •

    Finance

  3. •

    Financial conglomerates
NCL Research & Financial Services Ltd.

NCL Research & Financial Services Ltd.

BBSE:NCLRESE
0.72
INR
-0.01
(-1.37%)
-0.03EPS
535.16MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.51
0.05
0.07
0.11
0.04
0.05
0.04
0.11
0.03
0.04
0.11
0.04
0.05
0.05
Basic EPS, GAAP
0.01
0.01
- -
- -
- -
- -
- -
- -
0.02
0.01
0.02
-0.01
-0.02
-0.03
Free Cash Flow per Basic Share
-0.4
0.02
0.05
-0.06
- -
- -
0.03
0.13
0.07
-0.23
-0.19
-0.16
0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.95
0.96
0.96
0.96
0.96
0.96
0.96
0.96
0.98
1.16
1.03
1.06
1.02
- -
Tangible Book Value per Share
0.95
0.96
0.96
0.96
0.96
0.96
0.96
0.96
0.98
1.16
1.03
1.06
1.02
- -
Basic Weighted Avg Shares
642
642
642
642
642
642
642
161
582
1,070
1,070
1,070
1,070
1,074
Sales/Revenue/Turnover
328
32
47
74
28
34
24
18
19
39
115
48
58
57
Operating Margin (%)
4.17
24.97
2.67
-0.9
3.46
4.01
-0.13
0.2
51.45
19.24
26.82
-16.57
-13.1
-37.97
Depreciation Expense
1
1
- -
- -
- -
- -
- -
- -
1
1
1
1
- -
- -
Net Income, GAAP
9
5
1
-1
1
1
- -
- -
10
6
16
-14
-26
-31
Effective Tax Rate (%)
32.15
31.63
31.21
- -
45.77
29.62
27.02
27.15
1.47
25.15
18.96
- -
- -
- -
Profit Margin (%)
2.83
17.06
1.81
-0.73
2.36
3.32
0.64
0.6
55.6
15.38
14.02
-28.22
-44.53
-53.47
Working Capital
609
615
617
616
618
620
620
621
639
1,287
1,117
1,217
1,206
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
10
- -
- -
- -
- -
- -
Total Equity
610
616
617
617
617
619
619
619
630
1,241
1,107
1,129
1,097
- -
Return on Invested Capital (%)
1.53
0.9
0.14
- -
0.08
0.15
- -
- -
1.51
0.6
1.29
- -
- -
- -
Return on Capital (%)
1.53
0.9
0.14
- -
0.11
0.18
0.03
0.02
1.66
0.64
1.38
- -
- -
- -
Return on Common Equity (%)
1.53
0.9
0.14
-0.09
0.11
0.18
0.03
0.02
1.67
0.64
1.37
-1.21
-2.34
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,070
1,070
1,070
Market Capitalization
535
417
535

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,208
- -
Cash, Cash Equivalents & STI
- -
34
- -
Accounts Receivable, Net
- -
17
- -
Inventories
- -
4
- -
Total Current Liabilities
- -
1
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.74%
17.42%
-2.92%
Free Cash Flow
-167.68%
-153.66%
-105.06%
Net Income, GAAP
890.73%
1,867.45%
91.39%
Sales/Revenue/Turnover
23.17%
53.42%
21.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-12
25
23
14
48
2026
26
17
21
-3
58
2027
22
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.02
0.01
- -
- -
-0.01
2026
0.02
0.01
- -
-0.05
-0.02
2027
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Goutam Bose
Full Time Employees
8
Sector
Finance
Industry
Financial conglomerates
Address
Office No.208, Tulsiani Chambers Mumbai MA India 400021
IPO Date
Jul 16, 2010
Website
nclfin.com
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Business
NCL Research & Financial Services Limited is an India-based company engaged primarily in financial services as a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India. The company focuses on financing activities and investments in shares and securities, targeting Micro, Small, and Medium Enterprises (MSMEs), corporate and non-corporate sectors. Its key products and services include secured and unsecured loans; investments in quoted and unquoted shares, securities, and commodities; and related capital market activities. Initially involved in trading textile products, the company has shifted its strategic focus entirely to NBFC financial services, ceasing its textile business due to lack of opportunities. Founded in 1985 and headquartered in Mumbai, Maharashtra, NCL Research has undergone recent operational shifts by concentrating predominantly on NBFC activities, including loan advancements and securities investments. Notable recent developments include its strategic focus on right issues for raising capital and approval of unaudited and audited financial results through board meetings reported in 2024 and 2025, reflecting its ongoing operational and financial management commitments. The company continues to operate actively within India's financial services industry, providing financing and investment services with an emphasis on MSME and SME sectors to support growth and financial inclusion. NCL Research & Financial Services Limited maintains its presence across India, focusing on the domestic market for its financial products and securities investments. It operates under regulatory oversight as an NBFC, aligning its activities with capital market regulations and financial compliance standards. The company’s financial services portfolio is complemented by ongoing adjustments in capital structure and investment strategies to enhance business resilience and market positioning. Its evolution from a textile trading entity to a dedicated financial services provider marks its strategic realignment in India’s dynamic financial sector. This description incorporates the company's core product segments, recent strategic and operational changes, and geographical focus as of the latest publicly available information up to late 2025.