These plasters are designed to perform in diverse climatic conditions and are widely appreciated for their durability and high performance across regions such as Europe, Africa, the Middle East, and Asia. Manufactured using natural materials like marble powder, sand, and quartz, combined with acrylic binders, the products offer advanced features such as resistance to cracking, fungal growth, rusting, and foaming.

In addition to plasters, NCL Buildtek has expanded into water-based emulsion paints available in more than 300 shades for both interior and exterior applications. The company also produces cement primers tailored to Indian construction requirements, strengthening its overall product portfolio.

Business Segments

NCL Buildtek operates through two key divisions:

Plaster & Paints Division

The company’s flagship offering, Alltek Plasters, is primarily used for exterior applications, providing long-lasting protection and aesthetic appeal. Alongside this, the company offers a wide range of paints and primers suited for residential, commercial, and industrial use, catering to both interior and exterior needs.

Construction Chemicals & Solutions

Beyond paints and plasters, NCL Buildtek manufactures construction chemicals that enhance building performance. Its product range includes waterproofing solutions, adhesives, and protective coatings that improve durability and extend the lifespan of structures.

Financial Highlights
Revenue Growth:
Revenue increased by 10.56% in FY2022-23, reaching ₹450 crore compared to ₹407 crore in the previous year, driven by strong demand in core segments.
Profitability Improvement:
Net profit rose to ₹27 crore in FY2024 from ₹19 crore in FY2023, with net profit margins improving to 6.21%, indicating better cost control.
Earnings Per Share (EPS):
EPS grew to ₹23.36 in FY2024 from ₹16.52 in FY2023, reflecting stronger returns to shareholders.
Operational Efficiency:
Operating profit margin improved to 11.26% in FY2024 from 9.56% in FY2023, highlighting enhanced efficiency.
Balance Sheet Strength:
Total assets stood at ₹418 crore in FY2024, with reserves increasing to ₹181 crore. The debt-to-equity ratio remained moderate at 0.44, indicating a stable financial position.

Disclaimer
This information is based on available data. Investors are advised to conduct their own research and due diligence before making any investment decisions. No responsibility is assumed for financial losses or inaccuracies.

Pros
Strong and differentiated product portfolio, including premium Alltek Plasters and textured coatings
Consistent growth in revenue and improving profitability
Exclusive licensing agreement with ICP Sweden, offering a competitive edge

Cons
Margin pressure due to rising raw material costs and inflation
Slight revenue slowdown in previous periods raises demand concerns
Dependence on raw material prices, which may impact profitability