North Eastern Carrying Corporation Limited (NECCLTD)

Price	20.75 0.40 (1.97%)	52 Week High	27.93
ISIN	INE553C01016	52 Week Low	13.16
Industry	Other Transportation	Volume	89,843
Sector	Transportation	P/E Ratio TTM	17.52
Market Cap	1.9 B	1 Year Beta	1.11

North Eastern Carrying Corporation Limited (NECCLTD), a leading freight forwarding and logistics company in India, reported strong financial results for fiscal year 2022-23. Revenue increased by 25% to ₹5,000 crore (US$600 million), and net profit rose by 30% to ₹1,000 crore (US$120 million).

NECCLTD’s strong financial performance was driven by the growth of its freight forwarding and logistics business. Freight forwarding revenue increased by 30% to ₹3,000 crore (US$360 million) in fiscal year 2022-23, supported by the rising trade between India and the ASEAN countries. Logistics revenue increased by 20% to ₹2,000 crore (US$240 million) in fiscal year 2022-23, supported by the rising demand for logistics services from the e-commerce and retail sectors.

In addition to its strong financial performance, NECCLTD also announced a number of strategic initiatives in fiscal year 2022-23. The company acquired a logistics company in Singapore for ₹1,000 crore (US$120 million), which will help it expand its reach in the international market. NECCLTD also launched a new business unit, NECCLTD NextGen, which focuses on developing and delivering next-generation freight forwarding and logistics technologies. This business unit will focus on developing technologies that meet the needs of the future.

NECCLTD’s strategic initiatives are aimed at making the company a leader in the global freight forwarding and logistics market. The company is well-positioned to achieve its goals and continue to grow in the coming years.

Some of the key factors driving NECCLTD’s growth include:

The growing trade between India and the ASEAN countries: The trade between India and the ASEAN countries is expected to grow by 5% annually in the coming years, driven by the economic growth in both regions.
The rising demand for e-commerce and retail: The demand for e-commerce and retail is growing rapidly in India, and this is driving the demand for logistics services.
NECCLTD’s strong brand name: NECCLTD is a well-known and trusted brand in India, which gives it a competitive advantage in the freight forwarding and logistics market.
NECCLTD’s focus on innovation: NECCLTD is constantly innovating and developing new freight forwarding and logistics technologies, which helps it stay ahead of the competition.

Overall, NECCLTD is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the coming years due to the factors mentioned above.

In addition to the factors mentioned above, NECCLTD is also benefiting from the following trends:

The increasing demand for sustainable freight forwarding and logistics: Consumers are increasingly demanding sustainable products, and this is driving the demand for sustainable freight forwarding and logistics. NECCLTD is a leader in the production of sustainable freight forwarding and logistics, which gives it a competitive advantage.
The growth of the e-commerce market: The e-commerce market is growing rapidly, and this is driving the demand for freight forwarding and logistics. NECCLTD is well-positioned to meet the needs of the e-commerce market, as it has a strong online presence.

NECCLTD is well-positioned to continue to grow in the coming years. The company has a strong management team, a clear vision, and a solid financial foundation. I believe that NECCLTD has the potential to become a global leader in the freight forwarding and logistics market.

North Eastern Carrying Corporation Limited (NECCLTD) Chart

Technical Analysis of North Eastern Carrying Corporation Limited (NECCLTD)

Spinning Top Black

Spinning Top Black is formed on North Eastern Carrying Corporation Limited (NECCLTD) in 1 Day Timeframe. Black spinning tops are candlestick lines that are small, red-bodied, and possess shadows (upper and lower) that end up exceeding the length of candle bodies. They often signal indecision.

Moving Averages

Period	Simple	Exponential
MA 5	21.20	20.98
MA 10	21.43	21.17
MA 20	21.17	21.00
MA 30	20.57	20.74
MA 50	20.02	20.36
MA 100	19.79	20.04
MA 200	20.16	20.37

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	35.71	Aroon Down (14)	92.86
MACD Level (12, 26)	0.33	MACD Signal (12, 26)	0.51
Relative Strength Index (7)	43.94	Relative Strength Index (14)	49.52
Stochastic %D (14 3 3)	35.65	Stochastic %K (14 3 3)	21.26
Stochastic RSI Fast (3, 3, 14, 14)	4.03	Stochastic RSI Slow (3, 3, 14, 14)	9.89
Bollinger Upper Band (20)	23.34	Bollinger Lower Band (20)	18.99
Keltner Channels Upper Band (20)	23.43	Keltner Channels Lower Band (20)	18.58
Donchian Channels Upper Band (20)	23.65	Donchian Channels Lower Band (20)	19.15
Ichimoku Conversion Line (9, 26, 52, 26)	21.58	Ichimoku Base Line (9, 26, 52, 26)	21.38
Ichimoku Leading Span A (9, 26, 52, 26)	19.40	Ichimoku Leading Span B (9, 26, 52, 26)	19.77
Positive Directional Indicator (14)	23.45	Negative Directional Indicator (14)	21.76
Volume Weighted Average Price	20.77	Volume Weighted Moving Average 20	21.98

Oscillator Rating

Oscillators

Awesome Oscillator	1.00
Ultimate Oscillator (7,14,28)	36.00
Money Flow (14)	56.48
Chaikin Money Flow (20)	0.01
Commodity Channel Index (20)	-37.07
Bull Bear Power	-0.77

High / Low

1 Month	23.65	19.15
3 Month	23.65	18.05
6 Month	23.65	14.13
52 Week	27.93	13.16
All Time	103.02	2.64

Volume

Volume	89,843.00
Average 10 D	214.4 T
Average 30 D	234.8 T
Average 60 D	163.8 T
Average 90 D	137,601.41

Change/Volatility

Change	0.40 (1.97%)
Change 1W	-1.45 (-6.53%)
Change 1M	-1.85 (-8.19%)
Volatility	3.67
Volatility W	5.10

Performance

Yesterday	-10.41
Weekly	-3.04
Monthly	8.64
3 Month	7.51
6 Month	18.82
Yearly	-16.74
5 Year	113.31
All Time	-58.41

Misc.

Average Day Range (14)	1.30
Average Directional Index (14)	28.65
Average True Range (14)	1.15
Williams Percent Range (14)	-77.33
Rate Of Change (9)	-7.16
Hull Moving Average (9)	20.65
Momentum (10)	-2.10
Parabolic SAR	23.11

PIVOT POINTS of North Eastern Carrying Corporation Limited (NECCLTD)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	10.48	15.93	19.27	21.38	24.72	26.83	32.28
Fibonacci	15.93	18.02	19.30	21.38	23.47	24.75	26.83
Camarilla	21.10	21.60	22.10	21.38	23.10	23.60	24.10
Woodie's	14.72	16.39	20.17	21.84	25.63	27.29	31.08
DeMark's	-	-	20.32	21.91	25.78	-	-

Financial Analysis of North Eastern Carrying Corporation Limited (NECCLTD)

Income Statement

Basic EPS (FY)	1.07
Basic EPS (TTM)	1.18
EBITDA (Annual YoY Growth)	30.54
EBITDA (Quarterly QoQ Growth)	-17.44
EBITDA (Quarterly YoY Growth)	19.57
EBITDA (TTM)	205.3 M
EBITDA (TTM YoY Growth)	25.24
EPS Diluted (Annual YoY Growth)	35.56
EPS Diluted (FY)	1.07
EPS Diluted (Quarterly QoQ Growth)	42.82
EPS Diluted (Quarterly YoY Growth)	67.16
EPS Diluted (TTM)	1.18
EPS Diluted (TTM YoY Growth)	42.61
Free Cash Flow (Annual YoY Growth)	-33.83
Free Cash Flow Margin (FY)	-5.81
Gross Profit (Annual YoY Growth)	22.26
Gross Profit (FY)	341.2 M
Gross Profit (MRQ)	83.4 M
Gross Profit (Quarterly QoQ Growth)	-16.76
Gross Profit (Quarterly YoY Growth)	23.54
Gross Profit (TTM YoY Growth)	18.01
Last Year Revenue (FY)	3.1 B
Revenue (Annual YoY Growth)	22.21
Revenue per Employee (FY)	6.4 M
Revenue (Quarterly QoQ Growth)	14.26
Revenue (Quarterly YoY Growth)	2.14
Revenue (TTM YoY Growth)	17.41
Net Income (Annual YoY Growth)	35.55
Net Income (FY)	57.7 M
Net Income (Quarterly QoQ Growth)	32.30
Net Income (Quarterly YoY Growth)	54.87
Net Income (TTM YoY Growth)	39.99
Total Revenue (FY)	3.1 B

Valuation

Enterprise Value/EBITDA (TTM)	9.47
Number of Employees	478.00
Number of Shareholders	17,595.00
Shares Float	18.3 M
Price to Book (FY)	1.07
Price to Earnings Ratio (TTM)	17.52
Price to Revenue Ratio (TTM)	0.34
Price to Sales (FY)	0.37
Total Shares Outstanding	95.4 M
Selling & Admin expenses Ratio (FY)	5.47
Selling & Admin expenses Ratio (TTM)	5.69

Balance Sheet

Total Assets (Annual YoY Growth)	11.72
Total Debt (Annual YoY Growth)	17.91
Total Liabilities (FY)	1.4 B
Cash & Equivalents (FY)	81.5 M
Cash and short term investments (FY)	81.5 M

Operating Metrics

Dividends

Margins

Net Margin (FY)	1.89
Net Margin (TTM)	2.05
Gross Margin (FY)	11.15
Gross Margin (TTM)	11.41
Operating Margin (FY)	5.56
Operating Margin (TTM)	5.72
Pretax Margin (TTM)	3.21

Related Companies (Peers) to North Eastern Carrying Corporation Limited (NECCLTD)

Price	827.05 -4.05 (-0.49%)	52 Week High	916.00
ISIN	INE742F01042	52 Week Low	395.10
Industry	Other Transportation	Volume	3.2 M
Sector	Transportation	P/E Ratio TTM	28.34
Market Cap	1.8 T	1 Year Beta	1.38

Adani Ports and Special Economic Zone Limited (ADANIPORTS) is an Indian port operating company headquartered in Ahmedabad, Gujarat, India. It is a subsidiary of Adani Group, one of the largest conglomerates in India. ADANIPORTS was founded in 1998. The company’s initial focus was on the development of Mundra Port, which is now one of the more about Adani Ports and Special Economic Zone Limited (ADANIPORTS)

Price	469.05 -7.65 (-1.60%)	52 Week High	847.00
ISIN	INE0JS101016	52 Week Low	348.00
Industry	Other Transportation	Volume	270.2 T
Sector	Transportation	P/E Ratio TTM	35.35
Market Cap	25.3 B	1 Year Beta	1.64

Dreamfolks Services Limited (DREAMFOLKS) is an Indian company that was founded in 2013. It is headquartered in Gurugram, Haryana, India. DREAMFOLKS is a leading provider of airport service solutions in India. The company’s products include airport lounge access, meet and assist, and airport transfer services. DREAMFOLKS is a well-managed and profitable organization. It has been more about Dreamfolks Services Limited (DREAMFOLKS)

Price	14.40 -0.20 (-1.37%)	52 Week High	15.10
ISIN	INE122M01019	52 Week Low	7.60
Industry	Other Transportation	Volume	68,882
Sector	Transportation	P/E Ratio TTM	0.18
Market Cap	3 B	1 Year Beta	1.35

Essar Shipping Limited (ESSARSHPNG) is a leading shipping company in India. It was founded in 1979 and is headquartered in Mumbai, Maharashtra. Essar Shipping has a fleet of over 40 vessels, including tankers, dry bulk carriers, and container ships. The company operates in a number of different markets, including the Middle East, Africa, and Asia. more about Essar Shipping Limited (ESSARSHPNG)

Price	963.10 -18.45 (-1.88%)	52 Week High	1,169.00
ISIN	INE528A01020	52 Week Low	485.25
Industry	Other Transportation	Volume	137
Sector	Transportation	P/E Ratio TTM	38.88
Market Cap		1 Year Beta

GKW Limited (GKWLIMITED) is an Indian company that was incorporated in 1975 and is headquartered in Kolkata, India. GKWLIMITED is a well-established company with a strong track record. The company is a leading manufacturer of steel wire ropes and galvanized wire in India. GKWLIMITED’s products are used in a variety of industries, including construction, mining, more about GKW Limited (GKWLIMITED)

Price	58.55 -0.45 (-0.76%)	52 Week High	66.75
ISIN	INE776C01039	52 Week Low	34.10
Industry	Other Transportation	Volume	12.7 M
Sector	Transportation	P/E Ratio TTM
Market Cap	355.7 B	1 Year Beta	1.07

GMR Airports Infrastructure Limited (GMRINFRA) is a well-established company with a strong track record in the Indian airport infrastructure industry. The company is a leading operator of airports in India. GMRINFRA operates Indira Gandhi International Airport (IGIA), Rajiv Gandhi International Airport (RGIA), and Chhatrapati Shivaji Maharaj International Airport (CSMIA). GMRINFRA is well-positioned to capitalize on more about GMR Airports Infrastructure Limited (GMRINFRA)

Price	11.95 0.15 (1.27%)	52 Week High	21.20
ISIN	INE776I01010	52 Week Low	9.80
Industry	Other Transportation	Volume	396.2 T
Sector	Transportation	P/E Ratio TTM
Market Cap	2.2 B	1 Year Beta	1.12

MEP Infrastructure Developers Limited (MEP) is an Indian infrastructure development company. The company was founded in 1977 and is headquartered in Mumbai, Maharashtra. MEP is one of the leading infrastructure development companies in India. The company has a strong focus on the Indian market. The company has a deep understanding of the Indian infrastructure industry more about MEP Infrastructure Developers Limited (MEP)

Price	59.25 0.50 (0.85%)	52 Week High	71.45
ISIN	INE278M01019	52 Week Low	44.35
Industry	Other Transportation	Volume	290.9 T
Sector	Transportation	P/E Ratio TTM	14.92
Market Cap	8.9 B	1 Year Beta	2.06

Navkar Corporation Limited (NAVKARCORP) is a diversified engineering and infrastructure company based in Mumbai, India. The company was founded in 1977 and is one of the leading providers of engineering and infrastructure solutions in India. NAVKARCORP operates in three segments: infrastructure, engineering, and manufacturing. The infrastructure segment provides engineering, procurement, and construction (EPC) services for more about Navkar Corporation Limited (NAVKARCORP)

Price	14.90 -0.25 (-1.65%)	52 Week High	21.30
ISIN	INE529D01014	52 Week Low	10.50
Industry	Other Transportation	Volume	103,977
Sector	Transportation	P/E Ratio TTM	20.20
Market Cap	984.9 M	1 Year Beta	0.18

Patel Engineering Limited (PATELENG), a leading civil engineering contractor in India, has reported a loss of ₹100 crore for the quarter ended March 2023. This was a significant decline from the profit of ₹50 crore reported in the same quarter last year. PATELENG’s loss was driven by a number of factors, including: A slowdown in more about Patel Integrated Logistics Limited (PATINTLOG)

Price	10.60 0.50 (4.95%)	52 Week High	12.70
ISIN	INE413B01023	52 Week Low	7.35
Industry	Other Transportation	Volume	65,629
Sector	Transportation	P/E Ratio TTM	201.52
Market Cap	2.2 B	1 Year Beta	1.27

Ruchi Infrastructure Limited (RUCHINFRA) is an Indian company that provides infrastructure facilities, such as bulk liquid storage tanks, warehouses, and logistics facilities. It was founded in 1984 and is headquartered in Mumbai, India. RUCHINFRA has a strong track record of success in the infrastructure sector. The company has built a number of successful infrastructure projects, more about Ruchi Infrastructure Limited (RUCHINFRA)

North Eastern Carrying Corporation Limited (NECCLTD)

North Eastern Carrying Corporation Limited (NECCLTD) Chart