Nuvoco Vistas (NUVOCO)

Cyclical

FairStock Score: 64/100 — STEADY

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Current Price₹331.55
Market Cap₹11,841.51 Cr
P/E Ratio30.67
ROCE3.93%
ROE4.27%
Dividend Yield0%
Profit Growth19.8%
Debt/Equity0.48
Sales Growth8.9%
Free Cash Flow₹991.4 Cr
Promoter Holding72.02%
52-Week Range₹276.25 — ₹430.2
SectorCement & Cement Products
Book Value₹286.39

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

First, I ask what I'm buying: a cement producer, a commodity business. In this industry, the best operators survive through scale, cost control, and pricing power. Nuvoco's numbers don't yet prove it has that. ROE is only 4.27% and ROCE is 3.93% — far below what I need to compensate for risk. Sales grew 8.06%, but the 179.93% profit growth is off a tiny base; the latest quarter shows ₹2,701 Cr of sales supporting just ₹49 Cr of net profit, a margin below 2%. At ₹299, I am paying 30.51 times trailing earnings and an EV/EBITDA of 148.66. That is not a margin of safety. Book value is ₹252.06, so the stock trades at 1.19 times book, but Graham Number is ₹246.91 and the stated margin of safety is -32.90%. The balance sheet is not alarming: debt/equity of 0.45 and free cash flow of ₹991 Cr are positives, and a Piotroski score of 8/9 suggests improving operations. But Altman Z-Score of 1.81 sits in the caution zone. Zero dividend is another strike; I want cash returned or reinvested at excellent rates. The DCF figure of ₹1,486.03 looks seductive, but with 3.93% ROCE, I refuse to anchor to it. This is a cyclical recovery story, not a compounding machine. For a retail investor, patience is crucial. I would wait for a lower price, better margins, or proof that ROE can consistently exceed the cost of capital.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer