NCL Research & Financial Services Ltd
NCL Research & Financial Services Ltd (NCLRESE) last reported results for the quarter ended Jun 2026, with sales of ₹1.67 crore and net profit of ₹1.13 crore. The stock last traded at ₹0.74, a market capitalisation of ₹116 crore. Over the past 52 weeks the stock has ranged between ₹0.43 and ₹0.97. Figures are as of 6 Oct 2026 and are not real time.
NCL Research & Financial Services Ltd share price and key metrics
- Current price
- ₹0.74
- Market cap
- ₹116 cr
- Book value
- ₹0.7
- ROE
- -2.34%
- ROCE
- -2.53%
- Dividend yield
- 0.00%
- 52w high / low
- 0.97/0.43
Metrics as of 6 Oct 2026. Not real time.
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NCL Research & Financial Services Ltd growth and returns
- 10 Years
- 3%
- 5 Years
- 27%
- 3 Years
- 16%
- TTM
- -33%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -215%
- 10 Years
- %
- 5 Years
- 6%
- 3 Years
- 7%
- 1 Year
- 14%
- 10 Years
- 0%
- 5 Years
- 0%
- 3 Years
- -1%
- Last Year
- -2%
NCL Research & Financial Services Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1.67 cr, down 8.2% from ₹1.82 cr a year earlier. Net profit was ₹1.13 cr, down 33.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1.48 | 3.65 | 2.02 | 1.82 | 1.93 | 2.13 | 0.28 | 1.67 |
| Expenses | 1.03 | 2.78 | 1.27 | 0.32 | 0.36 | 1.55 | 6.59 | 0.73 |
| Operating profit | 0.45 | 0.85 | 0.75 | 1.5 | 1.57 | 0.58 | -6.31 | 0.94 |
| OPM % | 30.41% | 23.29% | 37.13% | 82.42% | 81.35% | 27.23% | -2,253.57% | 56.29% |
| Other income | 1.06 | -1.35 | -0.62 | 0.78 | -0.25 | 0 | -0.55 | 0.55 |
| Interest | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 1.5 | -0.52 | 0.11 | 2.27 | 1.31 | 0.57 | -6.87 | 1.48 |
| Tax % | 26.67% | -26.92% | 18.18% | 25.11% | 25.19% | 28.07% | -18.49% | 24.32% |
| Net profit | 1.09 | -0.38 | 0.1 | 1.7 | 0.98 | 0.41 | -5.59 | 1.13 |
| EPS (₹) | 0.01 | -0.00 | 0.00 | 0.01 | 0.01 | 0.00 | -0.04 | 0.01 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
NCL Research & Financial Services Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.35 | 2.81 | 3.4 | 2.43 | 1.85 | 1.96 | 3.96 | 10.83 | 8.53 | 6.16 | 6.01 |
| Operating profit | -0.06 | 0.12 | 0.16 | 0.01 | 0.01 | 1.1 | 0.84 | 1.31 | -1.45 | -2.79 | -3.22 |
| OPM % | -0.82% | 4.27% | 4.71% | 0.41% | 0.54% | 56.12% | 21.21% | 12.10% | -17.00% | -45.29% | -53.58% |
| Net profit | -0.05 | 0.07 | 0.11 | 0.02 | 0.01 | 1.04 | 0.6 | 1.61 | -1.36 | -2.6 | -3.07 |
| EPS (₹) | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | -0.01 | -0.02 | -0.02 |
TTM is the trailing twelve months to the most recent quarter.
NCL Research & Financial Services Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 29.09 | 29.09 | 29.09 | 29.09 | 29.09 | 58.17 | 107.03 | 107.03 | 107.03 | 107.03 |
| Reserves | 32.59 | 32.65 | 32.77 | 32.79 | 32.81 | 4.82 | 17.08 | 3.70 | 5.92 | 2.62 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other liabilities | 0.21 | 0.15 | 0.67 | 0.14 | 0.27 | 0.31 | 4.94 | 2.50 | 9.54 | 12.13 |
| Total liabilities | 61.89 | 61.89 | 62.53 | 62.02 | 62.17 | 64.30 | 129.05 | 113.23 | 122.49 | 121.78 |
| Fixed assets | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.21 | 0.17 | 0.17 | 0.12 | 0.10 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.25 | 6.75 | 7.83 | 9.90 | 11.97 | 15.38 | 40.07 | 19.72 | 2.86 | 2.94 |
| Other assets | 55.61 | 55.12 | 54.68 | 52.10 | 50.18 | 48.71 | 88.81 | 93.34 | 119.51 | 118.74 |
| Total assets | 61.89 | 61.89 | 62.53 | 62.02 | 62.17 | 64.30 | 129.05 | 113.23 | 122.49 | 121.78 |
As reported by the company. Total assets equal total liabilities by construction.
NCL Research & Financial Services Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -3.77 | -0.11 | -0.32 | 2.16 | 2.03 | 3.91 | -24.46 | -20.21 | -17.47 | 0.88 |
| Cash from investing | 3.06 | 0.00 | 0.00 | -2.06 | -2.08 | -3.41 | -24.54 | 20.38 | 16.90 | -0.04 |
| Cash from financing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.24 | 48.86 | -0.06 | 0.01 | -0.60 |
| Net cash flow | -0.71 | -0.11 | -0.32 | 0.09 | -0.05 | 0.26 | -0.14 | 0.11 | -0.57 | 0.24 |
| Free cash flow | -3.77 | -0.11 | -0.32 | 2.16 | 2.03 | 3.91 | -24.46 | -20.21 | -17.47 | 0.88 |
| CFO / operating profit | 6,283% | -75% | -175% | 21,700% | 20,300% | 357% | -2,527% | -1,491% | 1,173% | -61% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
NCL Research & Financial Services Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | -0.08% | 0.11% | 0.18% | 0.03% | 0.02% | 1.67% | 0.64% | 1.42% | -1.22% | -2.34% |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
NCL Research & Financial Services Ltd shareholding pattern
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Public | 100.00% | 100.00% | 100.00% | 99.99% | 100.00% | 100.00% | 100.00% | 100.00% |
| No. of shareholders | 4,04,532 | 4,56,496 | 4,61,059 | 4,53,079 | 4,44,180 | 4,35,475 | 4,26,851 | 4,26,662 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
NCL Research & Financial Services Ltd corporate filings
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
Cruxal's analysis: Please find attached RTA Certificate u/r 74(5) for QE Sept 30, 2026
Read the full analysis - NCL Research & Financial Services Ltd clarifies non-applicability of Regulation 57(5) for Q3 FY 2026Otherslow impact
Cruxal's analysis: The company has issued a declaration confirming that Regulation 57(5) does not apply to…
Read the full analysis - Shareholders Meeting - Submission Of Voting ResultsAGM/EGMmedium impact
- Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportAGM/EGMmedium impact
- Shareholder Meeting / Postal Ballot-Outcome of AGMAGM/EGMmedium impact
- Compliance-57 (4) : Prior intimation to the beginning of the quarterOtherslow impact
Cruxal's analysis: Please find attached declaration about non-applicability of Regulation 57(4) for QE Dec…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: Please find attached details of closure of trading window for specified person
Read the full analysis - GCM Capital Advisors Limited Acquires 5.54% Stake in NCL Research and Financial Services Limited via Rights IssueInsider Trading / SASTmedium impact
Cruxal's analysis: GCM Capital Advisors Limited, along with persons acting in concert, has acquired 8 crore…
Read the full analysis - NCL Research & Financial Services Limited Announces 41st Annual General Meeting for September 29, 2026Company Updatelow impact
Cruxal's analysis: NCL Research & Financial Services Limited has issued a formal notice for its 41st Annual…
Read the full analysis - NCL Research & Financial Services Ltd publishes newspaper notice for Rights IssueCompany Updatemedium impact
Cruxal's analysis: NCL Research & Financial Services Ltd has released newspaper cuttings confirming the…
Read the full analysis - NCL Research & Financial Services Ltd revises record date for Rights IssueCorp. Actionlow impact
Cruxal's analysis: NCL Research & Financial Services Ltd has issued a notification regarding a revised…
Read the full analysis - NCL Research & Financial Services Announces Massive Rights Issue of 49.95 Crore Shares to Raise 49.95 Crore INRBoard Meetinghigh impact
Cruxal's analysis: NCL Research & Financial Services Limited has announced a significant rights issue to…
Read the full analysis - NCL Research & Financial Services Limited Announces Record Date for Rights Issue of 49.95 crore Equity SharesCorp. Actionmedium impact
Cruxal's analysis: NCL Research & Financial Services Limited has fixed August 24, 2026, as the record date…
Read the full analysis - NCL Research & Financial Services Announces INR 49.95 Crore Rights Issue at ParBoard Meetinghigh impact
Cruxal's analysis: NCL Research & Financial Services Limited has approved a rights issue to raise INR 49.95…
Read the full analysis - NCL Research & Financial Services Limited schedules Board Meeting on August 21, 2026, to finalize Rights Issue termsBoard Meetingmedium impact
Cruxal's analysis: NCL Research & Financial Services Limited has announced a Board Meeting scheduled for…
Read the full analysis - NCL Research & Financial Services receives BSE in-principle approval for Rights IssueCompany Updatemedium impact
Cruxal's analysis: NCL Research & Financial Services Ltd has received the in-principle approval letter from…
Read the full analysis - NCL Research & Financial Services Limited Reports Q1FY27 Financial ResultsCompany Updatelow impact
Cruxal's analysis: NCL Research & Financial Services Limited has released its un-audited financial results…
Read the full analysis - NCL Research & Financial Services Reports Q1FY27 Profit of 1.13 crore Amidst Auditor Emphasis on Loan RecoverabilityResultmedium impact
Cruxal's analysis: NCL Research & Financial Services Limited reported a net profit of 1.13 crore for the…
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