Mumbai-headquartered Nuvoco Vistas Corporation Limited (Nuvoco), part of the business conglomerate Nirma Group, is a diversified private sector building materials company. With a production capacity of 23.82 million metric tonnes per annum (MMTPA), it is the fifth-largest cement player in India, in terms of capacity.
Incorporated on February 8, 1999, Nuvoco has three key verticals - cement, ready-mix concrete and modern building materials.. 84% of the company’s sales come from the cement business.
The journey began as the Nirma group ventured into the cement business in 2014 by setting up a greenfield plant in Rajasthan's Nimbol and named it Nimbol Cement. Nirma Limited then acquired cement company Lafarge India Limited in 2016. On April 3, 2017, Lafarge India Limited was renamed Nuvoco Vistas Corporation Limited.
In 2020, Nimbol Cement was merged into Nuvoco Vistas Corporation Limited, which also acquired NU Vista Limited (formerly Emami Cement Limited).
Nuvoco floated an Initial Public Offer to tap the stock market in August 2021. On successful execution of the IPO, its shares were listed on BSE and National Stock Exchange (NSE) on August 23, 2021.
The market capitalisation of Nuvoco Vistas Corporation Limited stood at over ₹12,100 crore as of February 16, 2024. Nuvoco share price has dropped over 34% since it got listed on the bourses on August 23, 2021.
Nuvoco Vistas Corporation Limited business operations
Nuvoco has churned out over 60 products formulated in its Construction Development and Innovation Centre (CDIC) housed in Mumbai. The products, marketed under ten brands, cater to the construction and infrastructure sector.
The company has 11 cement plants comprising five integrated units, five grinding units and one blending unit. It has installed six captive power plants, with a total capacity of 150 megawatts.
The cement plants are located in Gopalnagar, Risda and Sonadih (Chattisgarh), Jojobera (Jharkhand), Bhabua (Bihar), Bhiwani (Haryana), Chittorgarh and Nimbol (Rajasthan), Mejia and Panagarh (West Bengal) and Jajpur (Odisha).
The company has lined up a choice of cement portfolio that includes pozzolana cement (PPC), ordinary portland cement (OPC), portland slag cement (PSC) and portland composite cement (PCC).
It has a lineup of popular cement brands including PSC, Duraguard, Concreto, DoubleBull, Nirmax and Infracem.
The company has commissioned five new ready-mix concrete plants in FY24 so far, increasing its total number of factories under the vertical to 56 across India.
Under the building material vertical, Nuvoco markets and sells a wide range of new-age products offering germ protection and waterproofing. The product portfolio includes construction chemicals, wall putty, tile adhesive, ready mix dry plaster, multipurpose bonding and waterproofing agents and cover blocks marketed under Zero M and InstaMix brands.
Nuvoco Vistas Corp Financial Highlights
- Revenue: Nuvoco Vistas Corp reported revenue of ₹11,362.35 crore in FY26 vs ₹10,376.10 crore in FY25. It showed an increase of 9.51% on a yearly basis.
- Operating Profit: Nuvoco Vistas Corp reported an operating profit of ₹550.52 crore in FY26 vs ₹26.51 crore in FY25. It showed an increase of 1,976.65% on a year-on-year basis.
- Net Profit: Nuvoco Vistas Corp reported a net profit of ₹359.77 crore in FY26 vs ₹21.84 crore in FY25. It showed an increase of 1,547.30% on a yearly basis.
Nuvoco Vistas Corp Quarterly Result Highlights
- Nuvoco Vistas Corp reported revenue of ₹3,132.32 crore in Jun 2026, compared with ₹3,309.37 crore in Mar 2026, representing a decrease of 5.35% on a quarter-on-quarter (QoQ) basis.
- Nuvoco Vistas Corp reported an operating profit of ₹276.02 crore in Jun 2026, compared with ₹233.20 crore in Mar 2026, representing an increase of 18.36% on a quarter-on-quarter (QoQ) basis.
- Nuvoco Vistas Corp reported a profit of ₹159.63 crore in Jun 2026, compared with ₹140.81 crore in Mar 2026, reflecting an increase of 13.37% on a QoQ basis.
- The earnings per share (EPS) of Nuvoco Vistas Corp stood at ₹0.61 during Jun 2026.
