Share price
₹19.15 latest close · +14.5% over the last 90 sessions
₹19.15 month-end · −4.7% over 12 months
₹19.15 month-end · −39.4% over 3 years
₹19.15 month-end · +143.9% since Jan '19
52-week range ₹10.55 to ₹22.25 · 1-year volatility 48.6%
Was the rally earned?
- The share price was roughly flat over 1 year (-5%).
- The share count barely moved.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 67.2x to 40.7x); per-share earnings added 0 points.
- The share count barely moved.
- The share price was roughly flat over 5 years (+4%).
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-74.3% (2024-07 peak to 2026-03 low, not yet recovered)
-67.0% (2019-01 peak to 2020-03 low, recovered 2020-06)
-59.8% (2022-03 peak to 2023-03 low, recovered 2023-12)
Is it expensive against its own past and its peers?
Usual range 11.6x to 63.7x since 2019-01.
155% above the Transportation median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Transportation peers?
Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- Op. margin12th▲ 3 pts vs a year ago
- Revenue growth18th▼ 11 pts vs a year ago
- EPS growth44th▼ 4 pts vs a year ago
- Debt/equity ↓42nd▲ 4 pts vs a year ago
- P/E ↓25th▲ 3 pts vs a year ago
- 12M momentum57th▲ 39 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Transportation sector page Watch it move against Transportation in the Observatory
What is the price implying?
At a P/E of 40.7x, the price would imply about 23.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Earnings figures have not updated recently, so the company is left out of the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Transportation The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹19.15
- P/E
- 40.7x
- Market Cap
- ₹200 cr
- Revenue (TTM)
- ₹503 cr
- P/S
- 0.4x
- P/B
- 2.5x
- ROE
- 6.1%
- Operating Margin
- 2.6%
- Debt / Equity
- 0.8x
- Promoter Holding
- 56.2%
- 12M Momentum
- -4.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance10%Within range
Other income as a share of pre-tax profit (trailing twelve months): 10.3%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate34%Within range
Median quarterly effective tax rate over about 2.5 years: 33.8%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.06xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.06x (cash from operations ₹1 cr, net profit ₹18 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow0 of 4 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 4: 0. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters added 3.5 pts.
- The number of shareholders rose from 33,082 to 42,243 (+28%) between Mar 2024 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like NORTH EASTERN CARRYING CORP LT today on valuation, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −19% to +61% vs the market, against −2% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +9.8%, 80% range +2.5% to +20.8%), but the matches cluster in only 5 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 9 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| MAWANASUG Process Industries |
Sep 2023 | 32x | 6% | +41% | −4% | −23% |
| CENTUM Electronic Technology |
Oct 2021 | 40x | 8% | +96% | −7% | +18% |
| KALYANIFRG Producer Manufacturing |
Nov 2024 | 59x | 9% | +55% | −5% | −2% |
| HPL Electronic Technology |
Jun 2021 | 48x | 6% | +124% | 0% | −23% |
| ELGIRUBCO Producer Manufacturing |
Jul 2023 | 32x | 6% | +42% | −4% | +50% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: interest cover, volatility and 12-month momentum. Not used (unavailable for this company): ROCE. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
22 events since Mar '20
- SepPeer rankSlipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
- MarPriceFell 74% from the Jul 2024 peak to the Mar 2026 low.
- DecPeer rankMoved into the 2nd quartile of Transportation on EPS growth (from the 3rd quartile).
- OctPeer rankSlipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
- JulPriceRegained the 2023-12 peak, 4 months after the low.
- JunPeer rankMoved into the 2nd quartile of Transportation on EPS growth (from the 3rd quartile).
- AprValuationP/E crossed above the 90th percentile of its own history to date (55.7x).
- MarPriceFell 38% from the Dec 2023 peak to the Mar 2024 low.
Show 14 earlier events
- DecPriceRegained the 2022-03 peak, 9 months after the low.
- NovValuationP/E crossed above the 90th percentile of its own history to date (67.2x).
- MarPriceFell 60% from the Mar 2022 peak to the Mar 2023 low.
- NovValuationP/E crossed above the 90th percentile of its own history to date (53.0x).
- JunPeer rankSlipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
- MarPriceRegained the 2022-01 peak, 1 month after the low.
- FebPriceFell 36% from the Jan 2022 peak to the Feb 2022 low.
- JunPriceRegained the 2020-07 peak, 7 months after the low.
- JunPeer rankSlipped to the 2nd quartile of Transportation on EPS growth (from the top quartile).
- FebValuationP/E crossed above the 90th percentile of its own history to date (18.9x).
- NovPriceFell 58% from the Jul 2020 peak to the Nov 2020 low.
- JunPriceRegained the 2019-01 peak, 3 months after the low.
- JunPeer rankMoved into the top quartile of Transportation on EPS growth (from the 2nd quartile).
- MarPriceFell 67% from the Jan 2019 peak to the Mar 2020 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | Debt / Equity |
|---|---|---|---|---|
| 2026-11 | 40.7x | ₹503 cr | 6.1% | 0.8x |
| 2026-10 | 34.2x | ₹503 cr | 6.1% | 0.8x |
| 2026-09 | 39.2x | ₹503 cr | 6.1% | 0.8x |
| 2026-08 | 34.6x | ₹503 cr | 6.1% | 0.8x |
| 2026-07 | 31.8x | ₹503 cr | 6.1% | 0.8x |
| 2026-06 | 36.6x | ₹503 cr | 6.1% | 0.8x |
| 2026-05 | 32.8x | ₹503 cr | 6.1% | 0.8x |
| 2026-04 | 33.1x | ₹503 cr | 6.1% | 0.8x |
| 2026-03 | 22.9x | ₹503 cr | 6.1% | 0.8x |
| 2026-02 | 29.9x | ₹503 cr | 6.1% | 0.8x |
| 2026-01 | 31.4x | ₹503 cr | 6.1% | 0.8x |
| 2025-12 | 38.5x | ₹503 cr | 6.1% | 0.8x |
| 2025-11 | 42.7x | ₹503 cr | 6.1% | 0.8x |
| 2025-10 | 46.3x | ₹503 cr | 6.1% | 0.8x |
| 2025-09 | 43.3x | ₹503 cr | 6.1% | 0.8x |
| 2025-08 | 43.4x | ₹503 cr | 6.1% | 0.8x |
| 2025-07 | 47.6x | ₹503 cr | 6.1% | 0.8x |
| 2025-06 | 52.3x | ₹503 cr | 6.1% | 0.8x |
| 2025-05 | 51.3x | ₹503 cr | 6.1% | 0.8x |
| 2025-04 | 48.3x | ₹503 cr | 6.1% | 0.8x |
| 2025-03 | 48.3x | ₹503 cr | 6.1% | 0.8x |
| 2025-02 | 44.7x | ₹503 cr | 6.1% | 0.8x |
| 2025-01 | 65.9x | ₹503 cr | 6.1% | 0.8x |
| 2024-12 | 75.2x | ₹503 cr | 6.1% | 0.8x |
| 2024-11 | 73.0x | ₹503 cr | 6.1% | 0.8x |
| 2024-10 | 65.6x | ₹503 cr | 6.1% | 0.8x |
| 2024-09 | 67.5x | ₹503 cr | 6.1% | 0.8x |
| 2024-08 | 71.9x | ₹503 cr | 6.1% | 0.8x |
| 2024-07 | 81.2x | ₹503 cr | 6.1% | 0.8x |
| 2024-06 | 55.0x | ₹503 cr | 6.1% | 0.8x |
| 2024-05 | 52.8x | ₹503 cr | 6.1% | 0.8x |
| 2024-04 | 55.7x | ₹503 cr | 6.1% | 0.8x |
| 2024-03 | 48.4x | ₹503 cr | 6.1% | 0.8x |
| 2024-02 | 68.1x | ₹503 cr | 6.1% | 0.8x |
| 2024-01 | 63.3x | ₹503 cr | 6.1% | 0.8x |
| 2023-12 | 61.0x | ₹503 cr | 6.1% | 0.8x |
| 2023-11 | 67.2x | ₹503 cr | 6.1% | 0.8x |
| 2023-10 | 51.5x | ₹503 cr | 6.1% | 0.8x |
| 2023-09 | 48.9x | ₹503 cr | 6.1% | 0.8x |
| 2023-08 | 48.1x | ₹503 cr | 6.1% | 0.8x |
| 2023-07 | 40.1x | ₹503 cr | 6.1% | 0.8x |
| 2023-06 | 41.2x | ₹503 cr | 6.1% | 0.8x |
| 2023-05 | 41.7x | ₹503 cr | 6.1% | 0.8x |
| 2023-04 | 42.1x | ₹503 cr | 6.1% | 0.8x |
| 2023-03 | 35.2x | ₹503 cr | 6.1% | 0.8x |
| 2023-02 | 36.6x | ₹503 cr | 6.1% | 0.8x |
| 2023-01 | 46.8x | ₹503 cr | 6.1% | 0.8x |
| 2022-12 | 48.9x | ₹503 cr | 6.1% | 0.8x |
| 2022-11 | 53.0x | ₹503 cr | 6.1% | 0.8x |
| 2022-10 | 51.6x | ₹503 cr | 6.1% | 0.8x |
| 2022-09 | 48.9x | ₹503 cr | 6.1% | 0.8x |
| 2022-08 | 52.8x | ₹503 cr | 6.1% | 0.8x |
| 2022-07 | 53.0x | ₹503 cr | 6.1% | 0.8x |
| 2022-06 | 50.1x | ₹503 cr | 6.1% | 0.8x |
| 2022-05 | 54.3x | ₹503 cr | 6.1% | 0.8x |
| 2022-04 | 60.7x | ₹503 cr | 6.1% | 0.8x |
| 2022-03 | 64.0x | ₹503 cr | 6.1% | 0.8x |
| 2022-02 | 37.7x | ₹503 cr | 6.1% | 0.8x |
| 2022-01 | 45.1x | ₹503 cr | 6.1% | 0.8x |
| 2021-12 | 37.4x | ₹503 cr | 6.1% | 0.8x |
| 2021-11 | 39.1x | ₹503 cr | 6.1% | 0.8x |
| 2021-10 | 36.9x | ₹503 cr | 6.1% | 0.8x |
| 2021-09 | 36.4x | ₹503 cr | 6.1% | 0.8x |
| 2021-08 | 37.8x | ₹503 cr | 6.1% | 0.8x |
| 2021-07 | 37.7x | ₹503 cr | 6.1% | 0.8x |
| 2021-06 | 31.2x | ₹503 cr | 6.1% | 0.8x |
| 2021-05 | 20.3x | ₹503 cr | 6.1% | 0.8x |
| 2021-04 | 16.5x | ₹503 cr | 6.1% | 0.8x |
| 2021-03 | 15.6x | ₹503 cr | 6.1% | 0.8x |
| 2021-02 | 18.9x | ₹503 cr | 6.1% | 0.8x |
| 2021-01 | 17.6x | ₹503 cr | 6.1% | 0.8x |
| 2020-12 | 18.2x | ₹503 cr | 6.1% | 0.8x |
| 2020-11 | 17.9x | ₹503 cr | 6.1% | 0.8x |
| 2020-10 | 15.6x | ₹503 cr | 6.1% | 0.8x |
| 2020-09 | 16.3x | ₹503 cr | 6.1% | 0.8x |
| 2020-08 | 19.1x | ₹503 cr | 6.1% | 0.8x |
| 2020-07 | 24.5x | ₹503 cr | 6.1% | 0.8x |
| 2020-06 | 24.4x | ₹503 cr | 6.1% | 0.8x |
| 2020-05 | 9.5x | ₹503 cr | 6.1% | 0.8x |
| 2020-04 | 11.3x | ₹503 cr | 6.1% | 0.8x |
| 2020-03 | 6.9x | ₹503 cr | 6.1% | 0.8x |
| 2020-02 | 9.0x | ₹503 cr | 6.1% | 0.8x |
| 2020-01 | 11.3x | ₹503 cr | 6.1% | 0.8x |
| 2019-12 | 10.3x | ₹503 cr | 6.1% | 0.8x |
| 2019-11 | 10.6x | ₹503 cr | 6.1% | 0.8x |
| 2019-10 | 10.1x | ₹503 cr | 6.1% | 0.8x |
| 2019-09 | 10.4x | ₹503 cr | 6.1% | 0.8x |
| 2019-08 | 10.6x | ₹503 cr | 6.1% | 0.8x |
| 2019-07 | 12.1x | ₹503 cr | 6.1% | 0.8x |
| 2019-06 | 13.5x | ₹503 cr | 6.1% | 0.8x |
| 2019-05 | 16.1x | ₹503 cr | 6.1% | 0.8x |
| 2019-04 | 16.5x | ₹503 cr | 6.1% | 0.8x |
| 2019-03 | 16.4x | ₹503 cr | 6.1% | 0.8x |
| 2019-02 | 14.6x | ₹503 cr | 6.1% | 0.8x |
| 2019-01 | 16.7x | ₹503 cr | 6.1% | 0.8x |