Nuvoco Vistas Corp Share Price

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.

Financial highlights

The company’s consolidated revenue from operations went up by 13.6% to ₹10,586.17 crore in FY23 from ₹9,318 crore in FY22. Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) dropped by 20.48% to ₹1,223.59 crore in FY23 from ₹1,538.78 crore in FY22. The company made a total capital expenditure of ₹486 crore in FY23. Consolidated profit after tax (PAT) dropped 50.56% year-on-year to ₹15.86 crore in FY23 from ₹32.08 crore in FY22. The company's earnings per share (EPS) dropped to ₹0.44 in FY23 as against ₹0.93 in FY22.

08 September 2025 – Nuvoco Vistas Corp Share Price Update

As of last trading day, Nuvoco Vistas Corp opened at ₹461.00 and last traded at ₹453.25, showing a fall of 10.65 points (2.30%) compared to the previous close of ₹463.90. During the session, the stock touched a high of ₹467.00 and a low of ₹451.20. The company's market capitalization now stands at ₹16,568 Crs, with a P/E ratio of 108.5 and a dividend yield of 0.00%.