Nuvoco Vistas Corporation Limited is an India-based cement manufacturing company engaged in the business of manufacturing and sale of cement and building material products. The company is one of the largest cement companies and concrete manufacturers in India with a consolidated capacity of 25 MMTPA. Nuvoco is the fifth-largest cement group in India and the leading cement player in East India, in terms of capacity.
Nuvoco is part of India's leading business conglomerate – Nirma Group. Nirma Group started cement manufacturing in 2014 from a single plant in Nimbol, with a newly established company Nuvoco Vistas Corporation. The company has grown significantly through strategic acquisitions, including Lafarge India's cement assets for $1.4 billion in 2016 and Emami Cement for ₹5,500 Crore in February 2020.
The company's businesses comprise cement, ready-mix concrete (RMX), and modern building materials (MBM). With 11 cement manufacturing plants, 58 RMX plants, and 16 offices — including the Head Office, CDIC, and Regional Sales Offices, the company operates in 85 locations across India. The company has 11 Cement Plants in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India comprising five integrated units, five grinding units, and one blending unit.
The company strengthened its production capabilities by commissioning a 1.2 MMTPA grinding unit at the Haryana Cement Plant, by increasing total cement capacity to 25 MMTPA in 2024. The company has also seized the opportunity to grow its Ready-Mix Concrete business, commissioning seven new plants this fiscal year, bringing the total to 58 plants pan-India.
The company has a range of over 60 products that meet the needs of individual home builders and institutional infrastructure development. Its cement product portfolio includes Ordinary Portland Cement, Portland Slag Cement, Portland Pozzolana Cement, and Portland Composite Cement. Nuvoco's Cement product portfolio includes - Concreto, Duraguard, Double Bull, PSC, Nirmax, and Infracem brands that offer a complete spectrum of Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), and Portland Composite Cement (PCC).
The company has diversified its operations into three Key Businesses – Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM) offering a range of over 50 products developed in its dedicated NABL-accredited Construction Development and Innovation Centre (CDIC) located in Mumbai.
Nuvoco Vistas Corporation Ltd has a market capitalization of ₹12,567 Crore as of June 2025. The company's recent financial performance shows mixed results across different quarters.
Q4 FY25 Performance:
- Revenue: ₹3,042.25 Crore as on March 2025 (Q1 2025).
- Net Profit: ₹165.54 Crore as on March 2025 (Q1 2025).
- Net profit of Nuvoco Vistas Corporation rose 64.96% to ₹165.54 Crore in the quarter ended March 2025, as against ₹100.35 Crore during the previous quarter ended March 2024.
FY25 Full Year Performance:
- Sales declined 3.51% to ₹10,356.67 Crore in the year ended March 2025, as against ₹10,732.89 Crore during the previous year ended March 2024.
- Net profit declined 85.18% to ₹21.84 Crore in the year ended March 2025, as against ₹147.37 Crore during the previous year ended March 2024.
Recent Quarterly Performance (Q3 FY25):
- Sales declined 0.48% to ₹2,409.36 Crore in the quarter ended December 2024, as against ₹2,420.98 Crore during the previous quarter ended December 2023.
- Net loss of Nuvoco Vistas Corporation reported to ₹61.37 Crore in the quarter ended December 2024, as against net profit of ₹31.03 Crore during the previous quarter ended December 2023.
The company had completed Initial Public Offer (IPO) of 87719297 Equity Shares and witnessed the equity shares listing on the BSE limited and NSE on August 23, 2021. The company's 52-week high share price is ₹385.20 and 52-week low share price is ₹288.00.
Nuvoco Vistas Corporation Ltd target price ₹377.75, a slight upside of 5.06% compared to current price of ₹357.8, according to 16 analyst ratings. 43.75% of analysts recommend a 'BUY' rating for Nuvoco Vistas Corporation Ltd.
The company has been actively pursuing expansion and operational excellence initiatives. It has achieved the lowest blended fuel cost in the last 13 quarters, at ₹1.45 per Mcal. Nuvoco's power & fuel cost continues to be amongst the lowest in the industry.
Nuvoco Vistas Corporation announced that India Ratings and Research and CRISIL Ratings have assigned rating of 'IND A1+' and 'Crisil A1+', respectively, for the Commercial Paper of the Company for an aggregate amount of ₹1,700 Crore (enhanced from ₹500 Crore).
Hiren Patel serves as the Chairperson of the company. Promoter holding in Nuvoco Vistas Corporation Ltd has remained stable at 72.02% as of March 2025 (unchanged from June 2024). Nuvoco Vistas Corporation has 3,926 total employees and is headquartered in Mumbai, India.
The company continues to focus on strengthening its market position through operational excellence, capacity expansion, and strategic acquisitions while maintaining its leadership position in the Eastern Indian cement market.
