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National Industries Company for Building Materials

National Industries Company for Building Materials

KKSE:NICBM
247.00
KWF
+1.00
(+0.41%)
9.80EPS
33.26P/E
98.75BMarket Cap
National Industries Company for Building Materials
KSE:NICBM
(Kuwait Stock Exchange)

Recent

price

247.00

P/E

ratio

33.26

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KWD
0.12
0.12
0.13
0.13
0.14
0.14
0.12
0.13
0.15
0.14
0.1
0.12
0.14
0.14
0.15
0.16
0.17
Revenue per Share
0.01
0.01
0.01
- -
0.02
0.02
- -
0.01
0.01
0.01
- -
0.01
0.01
0.01
0.02
0.01
0.01
Basic EPS, GAAP
0.03
0.03
0.03
0.01
0.04
0.01
- -
0.02
- -
0.01
0.01
0.02
0.01
0.03
0.01
0.02
0.03
Free Cash Flow per Basic Share
- -
- -
0.01
0.01
- -
0.02
0.02
0.01
0.01
0.01
0.01
- -
0.01
0.01
0.01
0.01
- -
Dividend per Share
0.23
0.23
0.23
0.23
0.26
2.59
2.45
0.24
0.24
0.24
0.24
0.25
0.25
0.24
0.26
0.26
0.25
Book Value per Share
0.23
0.23
0.23
0.23
0.26
2.59
2.45
0.24
0.24
0.24
0.24
0.25
0.25
0.24
0.26
0.26
0.25
Tangible Book Value per Share
346
346
345
346
347
348
348
350
349
349
350
350
350
350
350
347
345
Basic Weighted Avg Shares
41
40
43
45
48
48
41
45
53
48
36
43
48
50
51
54
58
Sales/Revenue/Turnover
24.54
22.39
17.87
13.13
17.46
14.65
-1.82
6.78
6.58
6.35
0.16
10.07
8.85
6.24
8.73
4.48
2.86
Operating Margin (%)
2
3
3
4
4
3
4
3
3
4
4
4
4
5
5
4
4
Depreciation Expense
4
4
5
1
7
8
1
3
4
4
- -
5
4
4
6
4
3
Net Income, GAAP
3.62
4.63
5.11
5.19
4.16
4.02
9.22
4.28
4.66
4.62
6.32
3.91
4.57
4.25
3.85
4.37
4.8
Effective Tax Rate (%)
9.97
10.51
11.56
1.15
15.45
16.15
1.89
7.14
7.5
8.93
-0.17
10.49
9.11
7.7
11.78
6.6
5.01
Profit Margin (%)
9
13
13
18
29
32
27
28
28
29
36
38
40
40
41
40
37
Working Capital
6
7
2
- -
- -
- -
- -
- -
- -
1
3
2
1
- -
1
2
2
LT Debt
81
81
84
83
92
95
91
90
89
89
88
92
88
87
94
93
88
Total Equity
4.24
4.93
4.73
2.06
7.16
7.25
-0.57
3.47
3.9
3.17
0.1
4.14
4.12
3.09
4.53
2.62
1.81
Return on Invested Capital (%)
4.72
4.72
6.29
0.81
8.17
7.99
1.04
3.84
4.65
5.19
0.71
5.36
4.93
4.41
6.45
3.33
2.89
Return on Capital (%)
5.32
5.32
6.31
0.63
8.67
8.69
0.88
3.79
4.7
5.11
-0.08
5.22
5.01
4.48
6.79
3.89
3.32
Return on Common Equity (%)

Capital Structure

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
4
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
355
353
353
Market Capitalization
76
88
99

Working Capital

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
61
61
60
Cash, Cash Equivalents & STI
25
26
26
Accounts Receivable, Net
12
13
13
Inventories
23
22
22
Total Current Liabilities
21
21
23
Payables & Accruals
- -
- -
- -
ST Debt
2
2
4
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.2%
1.12%
-0.99%
Free Cash Flow
14.24%
49.94%
51.87%
Net Income, GAAP
-706.92%
-1,445.1%
-40.82%
Sales/Revenue/Turnover
2.17%
8.64%
5.73%
Total Cash Common Dividend
- -
- -
-1.1%

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13
12
13
13
51
2025
12
13
13
16
54
2026
15
14
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.02
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Business
National Industries Company (NICBM) is a Kuwait-based industrial manufacturing company primarily engaged in the production, marketing, and distribution of building materials and infrastructure solutions. Founded in 1960 and headquartered in Shuwaikh, Kuwait, the company operates as a key subsidiary of National Industries Group (Holding) and is publicly traded on Boursa Kuwait. The company operates across multiple industrial segments through an extensive network of over 16 factories and quarry operations, manufacturing and supplying a comprehensive portfolio of construction products, including: autoclaved aerated concrete (AAC) blocks, sand-lime bricks, hollow and solid concrete blocks, and decorative cladding bricks; interlock pavers, terrazzo tiles, kerbstones, and precast architectural landscaping elements; high-density polyethylene (HDPE), polypropylene random copolymer (PPR), chlorinated polyvinyl chloride (cPVC), and unplasticized polyvinyl chloride (uPVC) piping systems and fittings for water supply, sewage, drainage, electrical conduit, and cable ducting applications; ready-mix concrete, dry mortar mixes, tile adhesives, repair mortars, and grouting compounds; ceramic and porcelain wall and floor tiles; architectural and protective paint coatings, including textured acrylic finishes, solvent-based paints, and water-based emulsions; and raw quarry materials including crushed limestone, gravel, and construction aggregates. In addition to serving domestic civil engineering, commercial, and residential infrastructure markets in Kuwait, the company extends its geographic presence across the Gulf Cooperation Council (GCC) and the broader Middle East through direct exports as well as regional subsidiaries and affiliates, including Industries Company for Building Systems, Bina'a Al-Kuwait Real Estate, National Industries Ceramic Company, United Gulf Pipe Manufacturing Company in Oman, Insulated Building Systems Company in Bahrain, and equity interests in regional lime and building material producers. Recent corporate and operational developments include the execution of an in-kind share distribution of NICBM equity by parent entity National Industries Group (Holding) to its shareholders to broaden the investor base and enhance trading liquidity on Boursa Kuwait. Operationally, the company has expanded its raw aggregate import and supply chain logistics to support large-scale national infrastructure projects, while advancing continuous modernization and automation programs across its primary manufacturing plants in Sulaibiya and Western Shuaiba to expand capacity, enhance production efficiency, and introduce higher-performance, eco-friendly building material formulations.