NCL ALLTEK & SECCOLOR LIMITED Incorporated in 1996 ,is a part of the NCL Group which has 3 decades of experience in providing alternative and innovative building materials. The company operates through 11 manufacturing units located at Rajasthan, Pune, Telengana, Andhra Pradesh, Tamil Nadu, Vijaywada and Trichirapalli, while the head office is located at Hyderabad. The company is now getting renamed as NCL Buildtech. The company operates in few categories namely paints, plasters, windows and door frames and fly ashes.
NCL Alltek deals with Gujarat State Petroleum Corporation, L&T Techno Park, Government Hospitals, Airport Authority of India (Delhi), Indira Gandhi International Airport, State Bank Academy, Zydus Cadila, NCC, Railway department (Vijayawada), IIM Infra Ltd and more., NCL Alltek & Seccolor has 3 global technology collaborations i.e. ICP (Sweden), Industrie Secco S.P.A (Italy) and Adopen Plastics Inc. (Turkey). Additionally, NCL Alltek is the sole licensee in India for ICP plasters.The Company holds 3.43% direct stake in its associate listed companyNCL Industries Ltd which is engaged in business of Cement & Cement Products. Financial Performance:
The revenue has grown at a CAGR of 28.55% over the past 3 years from 2016 to 2019 (FY19 Revenue is 372 crs).
As of FY19, the company is moderately leveraged with a Total debt to equity ratio of 0.59x. EBITDA margin of the company has remained stable near 15% over the past 4 years demonstrating strong business profile.
NCL ALLTEK growth prospects remain bright considering the foray of company into affordable housing projects and its new Nellore plant shall help the company expand its production capacity, adding to the top line by roughly 120 crores once the plant becomes fully operational. India Paints & Coatings market is expected to cross US$7 bn by 2023, growing at a CAGR of more than 12.87% during 2018-23. The demand of these products globally is expected to increase owing to growth of applications from end-use industries, architecture segment, regional demand, changing consumer preference for bio based products and technological advancements. Planned development of nearly 100 smart cities across India has been projected to provide significant thrust to the UPVC segment in the coming years.
NCL Alltek &Seccolor ltd. is the sole licensee in India for ICP plastics .NCL Alltek is the 1st company in India to manufacture PUTTY, It manufacture different grades and different finishes for interior and exterior applications like plain, granular, textured and other designer fashions to suit various tastes of Architects.