# Nuvoco Vistas Corporation (NUVOCO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/nuvoco

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹341.15
- Change: -1.36%
- As of: 2026-11-06
- 1D return: -1.36%
- 5D return: +6.48%
- 1M return: +5.98%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, NUVOCO trades at ₹341.15, positioned in the upper-middle of its recent ranges (+70.1% of the 20-day and +70.9% of the 50-day bands). The daily technical structure is bullish, with price holding above all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicator. However, trend conviction is weak on shorter horizons, evidenced by a low ADI of 10.14 and modest slope values for the 20-period EMAs and SMAs. This lack of strength was highlighted by recent anomalies: a moderate upward gap on 2026-11-05 (+2.1%) and an unusual price move on 2026-11-02 (+5.7%), followed by an inactive Shooting Star pattern on 2026-11-03.

Conflicts arise across timeframes. While the daily view is structurally sound, the monthly trend remains bearish (price below SMA 20 and Supertrend), and the weekly Supertrend is also bearish despite price sitting above its moving averages. This divergence suggests the current daily uptrend may be a counter-trend bounce rather than a confirmed reversal. Risk remains elevated, with annualized volatility at +33.1% and a significant current drawdown of -27.5% from available highs. Immediate resistance sits tightly at ₹341.18 (0.01% above), while support is found at ₹338.72 (-0.71%).

- Daily Trend Structure: Bullish but weak; price is above all major MAs and Supertrend, yet ADX (10.14) indicates low momentum conviction.
- Timeframe Conflict: Monthly and Weekly Supertrends remain bearish, contrasting with the daily bullish alignment, signaling potential structural fragility.
- Key Levels: Immediate resistance at ₹341.18; next pivot at ₹345.57 (+1.29%). Support at ₹338.72 (-0.71%) and ₹336.52 (-1.36%).
- Risk Profile: High volatility (+33.1%) and deep historical drawdown (-40.3% max, -27.5% current) persist despite recent short-term gains.

- Shooting Star
- Inside Bar
- Outside Bar

### News Context

Nuvoco Vistas reported resilient operational performance for Q2 FY27 (ended September 30, 2026), with volume growth of 9% year-on-year and revenue growth of approximately 14%, despite challenging input costs. The company commissioned a 2 million ton per annum grinding unit at Limla, Surat, and is progressing on its Kutch project, with phased operationalization planned from Q3 FY27. To support sustainability goals, Nuvoco agreed with CleanMax for a 46.4-megawatt wind-solar hybrid renewable energy project in Rajasthan. Financially, net debt increased to approximately ₹5,000 crores due to higher capital expenditure and petcoke stocking; management targets a return to less than 2x EBITDA once Vadraj volumes scale. Management also noted that energy costs are expected to rise by ₹70–80 per ton in Q3 versus Q2, partially offset by price increases of ~₹20 per ton. Separately, the company disclosed litigation involving its subsidiary NU Vista Limited regarding a CGST show cause notice proposing a demand of ₹15.41 crores for FY 2020-21 to FY 2023-24, which management expects to have no major financial impact given sufficient documentary evidence.

- Q2 FY27 Performance: 9% YoY volume growth and ~14% revenue growth reported despite high input costs.
- Capacity Expansion: Commissioned 2 MTPA grinding unit at Limla, Surat; Kutch project phased operationalization begins Q3 FY27.
- Financial Position: Net debt rose to ~₹5,000 crores due to capex and petcoke stocking; target is 2x EBITDA post-Vadraj scaling.
- Cost Outlook: Energy costs projected to increase by ₹70-80/ton in Q3 vs Q2, partially offset by ~₹20/ton price hikes.
- Legal Disclosure: Subsidiary faces CGST notice for ₹15.41 crores (FY21-FY24); management cites strong documentation and expects minimal impact.

- NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
- NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Nuvoco Vistas Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Nuvoco Vistas Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Nuvoco Vistas Corporation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Official Filings

NUVOCO VISTAS CORPORATION LIMITED reported Q2 FY27 results on October 22, 2026, showing strong operational momentum with cement sales volumes reaching 4.7 MMT (9% YoY growth) and consolidated revenue rising 13.5% to ₹2,790 crore. Profit After Tax surged 78% YoY to ₹65 crore, supported by the commissioning of a 2 MMTPA grinding unit at Limla, Surat. However, the half-year consolidated financials reveal a significant exceptional provision of ₹48.13 crore related to West Bengal Industrial Promotional Assistance incentives due to the Revocation Act, 2025. Concurrently, management disclosed that net debt has increased to approximately ₹5,000 crore driven by capital expenditure and petcoke stocking, though it targets a return to less than 2x EBITDA as Vadraj volumes scale. A separate litigation matter involving a proposed GST demand of ₹15.41 crores was also reported in November 2026.

- Q2 FY27 Performance: Cement sales volume grew 9% YoY to 4.7 MMT; consolidated revenue rose 13.5% to ₹2,790 Cr; PAT increased 78% YoY to ₹65 Cr.
- Capacity Expansion: Commissioned 2 MMTPA grinding unit at Limla, Surat; reaffirmed target of 35 MMTPA total capacity by FY28.
- Debt Trajectory: Net debt stands at ~₹5,000 crore due to capex and inventory buildup; management aims for 2x EBITDA leverage once Vadraj scales.
- Regulatory & Legal Risks: Recognized ₹48.13 Cr exceptional provision for lost WB incentives under the Revocation Act, 2025; subsidiary faces proposed GST demand of ₹15.41 Cr.

- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19867_WebXMLFile_20261102_145415093.xml)
- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261029_144428263.xml)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NUVOCO_29102026144307_SEIntimation_Transcript.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NUVOCO_24102026183841_Intimation-_Newspaper_publication.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NUVOCO_23102026192705_Intimation_of_Audio_call.pdf)
- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261023_202405896.xml)
- [Nuvoco Vistas Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026184911_Outcomewithresults.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026185132_Outcomewithresults.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange regarding a press release dated October 22, 2026, titled "Nuvoco Vistas announces its financial results for Q2 FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026185835_PressReleasefinal.pdf)
- [Press Release |SUBJECT: Press Release](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026190352_PressReleasefinal.pdf)

### Fundamentals

Nuvoco Vistas demonstrates a clear trajectory of operational recovery and earnings improvement, though recent quarterly momentum has softened. For the full year ended March 2026, sales grew to ₹11,338 crore (up from ₹10,357 crore in FY25), driving operating profit to ₹1,857 crore and net profit to ₹360 crore, compared to ₹22 crore in the prior year. This marks a significant turnaround, with TTM net profit reaching ₹415 crore and EPS rising sharply to ₹11.61. However, sequential performance in FY26-27 shows deceleration: Q2 revenue fell to ₹2,793 crore from ₹3,132 crore in Q1, with net profit dropping to ₹64.8 crore from ₹160 crore.

Financial health remains robust despite aggressive expansion. Borrowings increased to ₹5,568 crore by September 2026, funding a substantial capital expenditure program evidenced by Cash from Investing Activity of -₹2,500 crore in FY26. Fixed assets grew to ₹15,496 crore, while CWIP decreased to ₹2,288 crore, suggesting new capacity is nearing completion. The company maintains strong liquidity management, with a negative cash conversion cycle (-130 days) driven by high days payable (282 days). Promoter holding remained stable at 72.02%, while DII and FII stakes saw minor fluctuations. The key checkpoint is whether the expanded asset base can sustain margins as sequential growth slows.

- Earnings Turnaround: Full-year FY26 net profit surged to ₹360 crore from ₹22 crore in FY25, with TTM net profit at ₹415 crore and EPS at ₹11.61.
- Sequential Deceleration: Q2 FY26-27 revenue declined to ₹2,793 crore (from ₹3,132 crore in Q1), and net profit fell to ₹64.8 crore (from ₹160 crore).
- Aggressive Capex: Cash from investing activity was -₹2,500 crore in FY26; fixed assets rose to ₹15,496 crore by Sep 2026, while borrowings increased to ₹5,568 crore.
- Strong Working Capital: Negative cash conversion cycle of -130 days (Mar 2026) supported by 282 days payable, offsetting higher debtor days (24 days).

### Bear Case

As of November 6, 2026, Nuvoco Vistas exhibits significant downside risk characterized by prolonged price weakness and elevated volatility. The stock has declined 10.7% over the past year and remains in a negative trajectory year-to-date (-2.6%), with a three-month return of -3.3%. Technical indicators highlight a deteriorating medium-term setup: the monthly trend is bearish, and the weekly Supertrend has flipped to bearish despite a bullish daily signal, suggesting conflicting momentum across timeframes. Volatility is high, with an annualized volatility of 33.1% and an Average True Range (ATR) of 3.34%, indicating substantial intraday price swings. The stock is currently trading near immediate resistance at ₹341.18, just 0.01% above the closing price of ₹341.15, while facing support levels at ₹338.72 and ₹336.52. The maximum drawdown of -40.3% underscores the severity of recent losses, and the current drawdown stands at -27.5%. Investors should monitor the ability to sustain prices above the ₹338.72 support level; a break below this threshold could expose further downside toward ₹332.13.

- Prolonged Underperformance: The stock has fallen 10.7% over one year and -2.6% year-to-date, with a three-month decline of 3.3%, reflecting sustained selling pressure.
- Bearish Medium-Term Structure: Monthly and weekly technical trends are bearish, contrasting with a daily bullish signal, which creates uncertainty regarding near-term direction.
- High Volatility and Drawdown Risk: Annualized volatility is 33.1% with a maximum historical drawdown of -40.3%; the current drawdown is -27.5%, indicating significant capital erosion.
- Critical Support Levels: Immediate support exists at ₹338.72 (-0.71%) and ₹336.52 (-1.36%); failure to hold these levels may trigger further declines toward ₹332.13.

- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19867_WebXMLFile_20261102_145415093.xml)
- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261029_144428263.xml)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NUVOCO_29102026144307_SEIntimation_Transcript.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NUVOCO_24102026183841_Intimation-_Newspaper_publication.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NUVOCO_23102026192705_Intimation_of_Audio_call.pdf)
- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261023_202405896.xml)
- [Nuvoco Vistas Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026184911_Outcomewithresults.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026185132_Outcomewithresults.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange regarding a press release dated October 22, 2026, titled "Nuvoco Vistas announces its financial results for Q2 FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026185835_PressReleasefinal.pdf)
- [Press Release |SUBJECT: Press Release](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026190352_PressReleasefinal.pdf)

### FAQs

**What operational and financial updates were shared in the Q2 FY27 earnings call?**

Management reported 9% YoY volume growth and ~14% revenue growth. Key milestones include commissioning a 2 MTPA grinding unit at Limla, Surat, and progress on the Kutch project with phased operationalization from Q3 FY27. Net debt rose to approximately ₹5,000 crores due to increased capex and petcoke stocking.

**How is Nuvoco managing rising energy costs in the near term?**

Energy costs are expected to rise by ₹70-80 per ton in Q3 versus Q2. Management plans to partially offset this through price increases of approximately ₹20 per ton. The company also signed an agreement with CleanMax for a 46.4-megawatt wind-solar hybrid renewable energy project in Rajasthan.

**What is the status of the GST litigation involving subsidiary NU Vista Limited?**

NU Vista faces a show cause notice from the Joint Commissioner, CGST, Durgapur, proposing a demand of ₹15.41 crores for FY 2020-21 to FY 2023-24 regarding input tax credits. The company states it has sufficient documentary evidence supporting its position and expects no major financial impact.

**What are the current technical support and resistance levels for NUVOCO?**

As of November 6, 2026, the stock closed at ₹341.15. Immediate support lies at ₹338.72 (0.71% below), with further levels at ₹336.52 and ₹332.13. Resistance is noted at ₹341.18 (0.01% above) and ₹345.57 (1.29% above). The daily trend is bullish, while the monthly trend remains bearish.

- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19867_WebXMLFile_20261102_145415093.xml)
- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261029_144428263.xml)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NUVOCO_29102026144307_SEIntimation_Transcript.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NUVOCO_24102026183841_Intimation-_Newspaper_publication.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NUVOCO_23102026192705_Intimation_of_Audio_call.pdf)
- [NUVOCO VISTAS CORPORATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261023_202405896.xml)
- [Nuvoco Vistas Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026184911_Outcomewithresults.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026185132_Outcomewithresults.pdf)
- [Nuvoco Vistas Corporation Limited has informed the Exchange regarding a press release dated October 22, 2026, titled "Nuvoco Vistas announces its financial results for Q2 FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026185835_PressReleasefinal.pdf)
- [Press Release |SUBJECT: Press Release](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026190352_PressReleasefinal.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹345.57
- Risk regime: Price Risk Requires Attention

### Support levels
- 338.721875
- 327.57822265625
- 315.55

### Resistance levels
- 354.269140625
- 366.30419921875
- 370.1

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.36% |
| return_10 | +3.19% |
| return_1m | +4.49% |
| return_1y | -10.68% |
| return_20 | +5.98% |
| return_3m | -3.32% |
| return_5 | +6.48% |
| return_6m | +10.83% |
| return_since_start | -3.45% |
| return_ytd | -2.58% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -40.27% |
| annualized_volatility | +33.11% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Nuvoco Vistas Corporation Limited FY2026-27 Q2: Revenue up YoY, profit down QoQ

Consolidated revenue from operations rose 13.5% year on year to ₹2,790 crore in Q2 FY2026-27, but fell 10.8% from Q1. Profit before tax declined 60.9% sequentially to ₹108 crore, while profit for the period fell 59.4% to ₹64.8 crore; both remained above their year-earlier levels.

## Revenue, expenses and earnings

Revenue from operations was ₹2,789.97 crore, compared with ₹3,128.71 crore in Q1 FY2026-27 and ₹2,457.57 crore in Q2 FY2025-26. Expenses declined 6.0% quarter on quarter to ₹2,684.80 crore, a smaller decrease than the fall in revenue.

Profit before tax was ₹108 crore, down from ₹276.02 crore in Q1 FY2026-27 and up from ₹51.18 crore in Q2 FY2025-26. Profit for the period was ₹64.79 crore, against ₹159.63 crore and ₹36.43 crore in those respective quarters. Basic EPS was ₹1.81, compared with ₹4.47 in Q1 and ₹1.02 a year earlier.

## Tax and finance costs

Tax expense was ₹43.21 crore, down from ₹116.39 crore in Q1 FY2026-27. The Q2 amount included a deferred tax credit of ₹7.94 crore, compared with a deferred tax charge of ₹26.35 crore in Q1. Finance costs edged up to ₹71.88 crore from ₹70.28 crore sequentially, but were below ₹101.56 crore in Q2 FY2025-26.

## Expense composition

Q2 expenses included ₹487.89 crore for materials consumed, ₹200.12 crore for employee benefits and ₹231.25 crore for depreciation and amortisation. Changes in inventories of finished goods, work in progress and stock in trade reduced expenses by ₹72.36 crore.

## Balance sheet and working capital

At 30 September 2026, total assets were ₹21,399.60 crore, up from ₹20,299.02 crore at 31 March 2026. Total equity, including non-controlling interests, was ₹10,450.80 crore, compared with ₹10,228.77 crore at March-end. Equity attributable to owners of the parent declined to ₹9,564.97 crore from ₹10,228.77 crore.

Current borrowings increased to ₹1,967.40 crore from ₹1,507.68 crore at 31 March, while non-current borrowings rose to ₹3,236.80 crore from ₹3,033.09 crore. Inventories increased to ₹982.30 crore from ₹745.02 crore, and current trade receivables rose to ₹815.52 crore from ₹743.93 crore. Trade payables were ₹1,833.95 crore at the September quarter-end.

## Key Takeaway

Revenue remained higher year on year, but its sequential decline outpaced the reduction in expenses, coinciding with a sharp quarter-on-quarter fall in pre-tax and net profit. Higher inventories, receivables and borrowings, alongside lower parent-attributable equity, were notable changes in the quarter-end balance sheet.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +72.02%
- FII holding: +4.71%
- DII holding: +18.00%
- Mutual fund holding: +17.44%
- Retail holding: +3.33%
- Promoter pledged: +0.00%

### Major reported shareholders

- NIYOGI ENTERPRISE PRIVATE LIMITED — +60.16% (Bodies Corporate)
- Hiren Karsanbhai Patel — +9.36%
- Sbi Contra Fund — +6.48%
- Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund — +5.84%
- Icici Prudential Infrastructure Fund — +3.15%
- Rakesh Karsanbhai Patel — +2.33%
- Tata Infrastructure Fund — +1.05%
- Keyuriben Rakeshbhai Patel — +0.09%
- Rajalben H Patel — +0.08%

## Official filings

- 2026-11-06 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_06112026175324_SEIntimation_CommercialPaper.pdf)
- 2026-11-02 — Litigation Disclosure: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19867_WebXMLFile_20261102_145415093.xml)
- 2026-10-29 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261029_144428263.xml)
- 2026-10-29 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_29102026144307_SEIntimation_Transcript.pdf)
- 2026-10-24 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_24102026183841_Intimation-_Newspaper_publication.pdf)
- 2026-10-23 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_23102026192705_Intimation_of_Audio_call.pdf)
- 2026-10-23 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261023_202405896.xml)
- 2026-10-22 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026184911_Outcomewithresults.pdf)
- 2026-10-22 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026185132_Outcomewithresults.pdf)
- 2026-10-22 — Press Release: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026185835_PressReleasefinal.pdf)
- 2026-10-22 — Press Release: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_22102026190352_PressReleasefinal.pdf)
- 2026-10-22 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_22102026190754_IntimationInvestorPPTfinal.pdf)
- 2026-10-22 — Financial Results Filing: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744286_22102026095047_WEB.xml)
- 2026-10-22 — Financial Results Filing: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744287_22102026095052_WEB.xml)
- 2026-10-21 — Shareholding Disclosure: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743115_21102026050451_WEB.xml)
- 2026-10-16 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19867_WebXMLFile_20261016_151230496.xml)
- 2026-10-15 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_15102026210513_SEIntimation.pdf)
- 2026-10-12 — Press Release: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_12102026123806_SEIntimation_PR_Final.pdf)
- 2026-10-09 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_09102026144618_SE_NVCL_CP.pdf)
- 2026-10-09 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NUVOCO_09102026145317_SENCDs30092026.pdf)
- 2026-10-09 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_09102026145716_SEIntimationConferencecall.pdf)
- 2026-10-09 — Generic Announcement: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19867_WebXMLFile_20261009_151114644.xml)
- 2026-10-01 — Litigation Disclosure: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_01102026142226_SEIntimation.pdf)
- 2026-10-01 — Litigation Disclosure: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19867_WebXMLFile_20261001_142620117.xml)
- 2026-09-30 — Board Meeting Notice: Nuvoco Vistas Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVOCO_30092026132402_IntimationTradingWindowandBMSept26.pdf)

## News and market events

- 2026-10-26 — BUSINESSTODAY: **Kotak Mahindra Bank, JSW Steel, Jindal Steel, Shree Cement, Nuvoco, AU SFB: Brokerage outlook, share price targets** — HDFC Securities has maintained its 'BUY' rating on Kotak Mahindra Bank, JSW Steel, Jindal Steel and Nuvoco Vistas Corporation, while upgrading Shree Cement to 'BUY' from 'ADD'. — [Source](https://www.businesstoday.in/markets/stocks/story/kotak-mahindra-bank-jsw-steel-jindal-steel-shree-cement-nuvoco-au-bank-brokerage-outlook-share-price-targets-563742-2026-10-26)
- 2026-10-26 — MONEYCONTROL: **Buy Nuvoco Vistas Corporation; target of Rs 560: Prabhudas Lilladher** — Buy Nuvoco Vistas Corporation; target of Rs 560: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Ca — [Source](https://www.moneycontrol.com/news/business/earnings/buy-nuvoco-vistas-corporation-target-of-rs-560-prabhudas-lilladher-14060037.html)
- 2026-10-22 — The Hindu: **Nirma’s cement arm Nuvoco Vistas Q2 profit rises 78%** — Nuvoco Vistas Corp Ltd, the cement arm of the Nirma Group, reported a 78 per cent year-on-year increase in consolidated net profit to ₹64.5 crore in the second quarter of FY27, while revenue from operations rose 13.5 per cent to ₹2,790 crore, driven by higher sales volumes and growth across its businesses. — [Source](https://www.thehindubusinessline.com/companies/nirmas-cement-arm-nuvoco-vistas-q2-profit-rises-78/article71612103.ece)
- 2026-10-13 — NEWS.WEBINDIA123.COM: **Nuvoco celebrates Dus Saal Bemisaal as it marks a decade of purposeful growth** — VMPL — [Source](https://news.webindia123.com/news/Articles/Business/20261013/4510330.html)
- 2026-09-29 — Economic Times: **Nuvoco, Clean Max tie up for clean energy project** — Nuvoco Vistas Corp has engaged in a partnership with Clean Max Enviro Energy Solutions for a renewable project. This initiative involves a 46.4 MW wind-solar hybrid energy facility located in Rajasthan. The project will include 20 MW of wind capacity and 26.4 MWdc of solar capacity, featuring a 2-MWh Battery Energy Storage System. — [Source](https://economictimes.indiatimes.com/industry/renewables/nuvoco-clean-max-tie-up-for-clean-energy-project/articleshow/134573643.cms)
- 2026-09-29 — The Hindu: **Cleanmax, Nuvoco to develop 46.4 MW renewable energy project** — Cleanmax and Nuvoco Vistas will develop a 46.4 MW hybrid renewable energy project in Rajasthan, with wind, solar and battery storage capacity. — [Source](https://www.thehindubusinessline.com/news/national/cleanmax-nuvoco-plan-464-mw-wind-solar-project-with-battery-storage-in-rajasthan/article71524340.ece)
- 2026-09-29 — MONEYCONTROL: **Nuvoco Vistas to acquire 26% stake in CleanMax SPV, shares gain** — Nuvoco Vistas share price today, Nuvoco Vistas shares today news — [Source](https://www.moneycontrol.com/news/business/markets/nuvoco-vistas-to-acquire-26-stake-in-cleanmax-spv-shares-gain-14040972.html)
- 2026-09-29 — BUSINESS: **CleanMax partners with Nuvoco for a 46.4 MW wind-solar project** — Clean Max Enviro Energy Solutions and Nuvoco Vistas Corporation have partnered to advance renewable energy adoption in Rajasthan through a 46.4 MW wind-solar hybrid project. — [Source](https://www.business-standard.com/markets/capital-market-news/cleanmax-partners-with-nuvoco-for-a-46-4-mw-wind-solar-project-126092900670_1.html)
- 2026-07-21 — CNBC-TV18: **Cement demand to recover in the second half; FY28 could be a boom year: Nirmal Bang** — Girija Shankar Ray, Research Analyst-Institutional Equities Research at Nirmal Bang Institutional Equities is positive on UltraTech Cement's expansion, sees Nuvoco's Vadraj acquisition as a key trigger, and prefers Ambuja Cements, Birla Corp, Nuvoco Vistas and JK Lakshmi Cement. — [Source](https://www.cnbctv18.com/market/cement-demand-fy27-boom-year-recovery-ultratech-nuvoco-nirmal-bang-19950282.htm)
- 2026-07-15 — CNBC-TV18: **Q1 Results LIVE Updates: HDFC Life new biz premium up 12%; HDFC AMC profit rises despite margin dip** — Q1 Results LIVE Updates: Earnings season for the quarter is starting to pick up pace, with close to 20 companies belonging to the Nifty 50, F&O and broader markets will be reporting their numbers during the course of the day. As the numbers start to trickle in, stocks like L&T Technology Services and Tata Elxsi reacted to their numbers that were reported after market hours on Tuesday. Stay tuned to this space for LIVE Updates on Q1 Results. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-hdfc-life-amc-hdb-fin-tata-elxsi-ltts-union-bank-icici-lombard-share-price-liveblog-19945644.htm)
- 2026-07-15 — Mint: **Nuvoco Vistas share price rallies 12% on strong Q1 results FY27. Should you buy or sell?** — Nuvoco Vistas opened at  ₹348.85 apiece today, as compared to previous close of  ₹341.40 on Tuesday.  — [Source](https://www.livemint.com/market/stock-market-news/nuvoco-vistas-share-price-rallies-12-on-strong-q1-results-fy27-should-you-buy-or-sell-11784091753229.html)
- 2026-07-15 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: GIFT Nifty points at muted start; L&T Tech in focus** — Sensex Today | Stock Market LIVE Updates: Oil prices still remain above $80, even though they are off Tuesday's high. The Nifty range remains the same as 24,000, followed by 23,800 remain major supports on the downside, and 24,250 - 24,350 levels remain an important supply zone. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-infosys-wipro-it-stocks-ibm-angel-groww-hdb-hdfc-amc-life-share-price-liveblog-19945617.htm)
- 2026-07-14 — The Hindu: **Q1 Results Today Live: LTTS, Tata Elxsi, Jindal Saw, Anand Rathi Share, Den Networks to announce Q1 results, SG Finserve, Madhya Bharat Agro & Dhampur Bio Organics profit up in Q1** — Q1 Results Today, 14th July 2026 Live Updates: Follow latest Q1 updates from businessline here — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-ltts-tata-elxsi-jindal-saw-sg-finserve-anand-rathi-share-den-networks-hcl-tech-icici-pru-bajaj-consumer-results-14-july-2026/article71216753.ece)
- 2026-07-14 — CNBC-TV18: **Sensex Today | Stock Market Live Update: Nifty slips below 24,100; Biocon shares up 6% post block deal** — Stock Market Live Update: The market resilience gets put to test yet again today during the weekly options expiry of the Nifty contracts. 24,000 and 23,800 on the downside remain the key levels for the index, while 24,250 - 24,350 on the upside remains a supply zone. Watch for crude sensitives, OMCs, ONGC, Paint Stocks, Tyre stocks due to the rise in crude prices, which is the biggest pain point for the market. HCLTech reacts to results, as does ICICI Prudential AMC. Tata Elxsi and LTTS report today. Watch this space for all the LIVE stock market updates. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-oil-hpcl-ongc-ril-banks-hcltech-ltts-tata-elxsi-share-price-liveblog-19944620.htm)

## Business profile

**Strategic vision:** Building materials company focused on cement, RMX, and MBM.

### Business segments
- **Cement:** Nuvoco's cement manufacturing portfolio includes OPC, PSC, PPC, and PCC products offered under various brands.
- **Ready-Mix Concrete (RMX):** Nuvoco provides Ready-Mix Concrete products under 5 franchise brands catering to various consumers and projects.
- **Modern Building Materials (MBM):** This segment offers waterproofing, surface preparation, fixing, repair, and ancillary solutions under the brand Zero M.

### Competitive strengths
- Strategically positioned facilities across the country.
- Dedicated innovation and testing center for product development.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/nuvoco
Markdown representation: https://faxioms.com/stocks/nuvoco?render=md