NCL BUILDTEK Unlisted Shares
NCL BUILDTEK Ltd.
INE243S01010
Incorporation Date: 11-Jul-1986
Listing Status: DRHP Not Filed
About NCL BUILDTEK Unlisted Shares
Overview of NCL BUILDTEK Unlisted Shares
- NCL Coatings: Manufactures acrylic putties, textured finishes, white-cement putties, and emulsion paints. It holds pioneer status in introducing acrylic putties (under the Alltek brand) to the Indian market.
- NCL Windoors: Produces uPVC doors and windows (tech collaboration with Veka AG, Germany), premium Aluminium systems (with Schüco, Germany), ABS doors (with KOS, South Korea), and Color Coated Galvanized Iron (CCGI) steel window profiles.
- NCL Wall Solutions: Produces Autoclaved Aerated Concrete (AAC) blocks, dry-mix mortars, and specialized tile adhesives.
- NCL Services: Delivers installation, turnkey project execution, and technical site support for institutional builders and infrastructure projects.
- Mr. Kamlesh Suresh Gandhi (Chairman): Capital market veteran guiding corporate governance, board oversight, and capital allocation strategy.
- Mr. Bh. Subba Raju (Managing Director): Directs day-to-day operations, business expansion, and national commercial strategy.
- Mr. V.V.J. Raju (Executive Director): Manages operational verticals, supply chain coordination, and plant administration.
- Group Board Leadership: Supported by NCL Group directors including Mr. K. Gautam and Mr. K. Ravi.
| Vertical | Flagship Brands / Alliances | Key Applications & Target Audience |
| Coatings | Alltek, Wall-X | Acrylic putties, granular textured wall finishes, and exterior/interior emulsions for developers and home interiors. |
| Windoors | Veka (uPVC), Schüco (Aluminium), KOS (ABS) | Thermal-efficient window systems, fire-rated interior doors, and high-rise commercial glazing solutions. |
| Wall Solutions | NCL AAC, Dry-Mix | Lightweight structural AAC blocks, thin-bed cement mortars, and tile adhesives for modern masonry. |
- Manufacturing Infrastructure: Operates 17 production and fabrication facilities across Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Uttar Pradesh, and Rajasthan.
- Financial Scale: Delivers annual revenues of ~₹400–₹437 crore, backed by a stable credit profile rated IND BBB / Stable (India Ratings).
- Distribution Network: Combines direct B2B institutional supply with a broad retail dealer network across urban and semi-urban markets.
Key to watch
- Scale Premium Fenestration Systems for High-Rise Urban Projects: As real estate developers prioritize soundproofing and thermal insulation, NCL Buildtek should aggressively position its premium Schüco and Veka window systems for Tier-1 commercial and high-end residential towers.
- Expand Tier-2/3 Retail Dealer Networks for Coatings & Adhesives: While institutional sales drive overall volume, retail channels deliver stronger gross margins. Deepening retail paint and tile-adhesive dealer touchpoints across Tier-2 and Tier-3 cities will cushion against real estate market cycles.
- Leverage Green Building Certifications: Market its AAC blocks and energy-efficient window systems under Indian Green Building Council (IGBC) frameworks to win contracts from sustainability-focused developers and public infrastructure projects.
Insights of NCL BUILDTEK Unlisted Shares
Financial Snapshot (FY25 – FY26)
| Metric (in ₹ Cr.) | FY25 | FY26 | YoY Growth (%) |
Net Revenue | 404.20 | 430.98 | +6.63% |
EBITDA | 34.78 | 22.69 | -34.76% |
PBT (Before Exceptional Items) | 12.32 | 1.48 | -87.99% |
Exceptional Items | 45.68 | 0.84 | -98.16% |
Total Profit Before Tax (PBT) | 58.00 | 2.32 | -96.00% |
Profit After Tax (PAT) | 43.90 | -0.05 | Turnaround to Loss |
Key Strategic & Financial Insights
Operational & Financial Performance Highlights
- Top-Line Resilience Amid Structural Shifts: The company compensated for a market-wide decline in CCGI (down ~₹75 Cr since FY23) and AAC Blocks (~₹25 Cr decline due to local unorganized competition) through strong volume growth in Aluminium, uPVC, Steel Doors, and Tile Adhesives
. - Margin Pressure in Windoors Segment: EBITDA contracted by 34.76% YoY to ₹22.69 Cr
. Profitability was impacted by uPVC order execution at pricing levels that failed to fully absorb underlying cost inflation, alongside supply disruptions following VEKA’s exit as a profile supplier . Alternate sourcing is now fully operational . - High Base Effect of Exceptional Gain: The steep decline in reported net profit (PAT fell from ₹43.90 Cr in FY25 to -₹0.05 Cr in FY26) is largely attributable to the high base effect of FY25
. FY25 included an exceptional gain of ₹45.68 Cr (consolidated) from the stake sale in NCL Veka Pvt. Ltd., whereas FY26 recorded exceptional items of only ₹0.84 Cr . - Commercial Scaling of New Ventures: The newly established Steel Doors business completed its first full year of operations, delivering a gross turnover of ~₹11 Cr at 25% capacity utilization, laying a foundation for future operating leverage
. - Capital Allocation & Dividend Continuity: Management has formally deferred IPO plans as internal cash flows and working capital arrangements are sufficient for current operational needs
. The Board declared a total dividend of ₹3.00 per share (30%) for FY26, comprising a ₹1.50 interim dividend paid in March 2026 and a proposed ₹1.50 final dividend .
Financial Charts of NCL BUILDTEK Unlisted Shares
Balance Sheet of NCL BUILDTEK Unlisted Shares
Profit and Loss of NCL BUILDTEK Unlisted Shares
Ancillary of NCL BUILDTEK Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of NCL BUILDTEK Unlisted Shares
-
How to buy NCL BUILDTEK Ltd.?
Below are three ways through which you can purchase NCL BUILDTEK Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy NCL BUILDTEK Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
How to sell NCL BUILDTEK Ltd.?
Below are three ways through which you can sell NCL BUILDTEK Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell NCL BUILDTEK Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of NCL BUILDTEK Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for NCL BUILDTEK Ltd. is ₹151 and your sell price for NCL BUILDTEK Ltd. is ₹135. The price is based on our estimates and market conditions.
-
What is the lock-in period of NCL BUILDTEK Ltd.?
The lock-in period for NCL BUILDTEK Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of NCL BUILDTEK Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of NCL BUILDTEK Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
-
How is the NCL BUILDTEK Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of NCL BUILDTEK Ltd.. The price is also determined from the most recent funding round for NCL BUILDTEK Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
-
What are the lot sizes of NCL BUILDTEK Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of NCL BUILDTEK Ltd. with us kindly click here.
-
What are the financials of NCL BUILDTEK Ltd.?
The financials of NCL BUILDTEK Ltd. which includes the P/L of NCL BUILDTEK Ltd. and the Balance Sheet of NCL BUILDTEK Ltd. is in the financials section (Click on link).
-
Where can I find the annual report of NCL BUILDTEK Ltd.?
The annual report of NCL BUILDTEK Ltd. is available in the annual report section (Click on link).
-
Is buying NCL BUILDTEK Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
-
Short-term Capital Gain taxes to be paid on NCL BUILDTEK Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
-
Long-term Capital Gain taxes to be paid on NCL BUILDTEK Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
-
Applicability of Taxes on NCL BUILDTEK Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source NCL BUILDTEK Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying NCL BUILDTEK Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
Press of NCL BUILDTEK Unlisted Shares
Featured Blogs of NCL BUILDTEK Unlisted Shares
Company Information of NCL BUILDTEK Unlisted Shares
Featured Companies


