Nuvoco Vistas Corporation Ltd is one of India’s largest cement and building materials companies, with a consolidated capacity of 25 MMTPA. It operates across cement, ready-mix concrete (RMX), and modern building products like wall putty, adhesives, and dry plaster. Backed by the Nirma Group, Nuvoco has a strong presence in eastern and western India and serves infrastructure, real estate, and retail segments. However, recent financial performance has been weak, with steep profit declines and low returns, raising concerns among investors. This article provides a data-backed outlook on the Nuvoco Vistas share price target 2026–2030.
Nuvoco Vistas Corporation Ltd: Company Overview
- Founded: 2014 (as part of Nirma Group’s diversification)
- Headquarters: Mumbai, Maharashtra
- Key Segments: Cement (70%+ revenue), Ready-Mix Concrete, Building Materials
- Market Position: Top-5 cement player in India by volume; strong in premium and green building products
- Ownership: 72.02% held by Nirma Group → promoter-controlled
Nuvoco benefits from India’s infrastructure push and urban housing demand. However, it faces intense competition, high input costs (coal and power), and execution challenges in integrating new products.
Nuvoco Vistas Corporation Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹349.00 |
| Market Capitalization | ₹12,468.32 Cr |
| No. of Shares Outstanding | 35.72 Cr |
| 52-Week High / Low | ₹386 / ₹287 |
| P/E Ratio (TTM) | 42.20 |
| P/B Ratio | 1.33 |
| EPS (TTM) | ₹8.27 |
| Book Value (TTM) | ₹261.86 |
| ROE | 0.44% |
| ROCE | 3.33% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Cash | ₹162.37 Cr |
| Total Debt | ₹2,589.67 Cr |
| Debt-to-Equity | 0.28 |
| Sales Growth (YoY) | -2.40% |
| Profit Growth (YoY) | -73.55% |
| Promoter Holding | 72.02% |
Nuvoco Vistas Corporation Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹365 – ₹400 |
| 2027 | ₹380 – ₹425 |
| 2028 | ₹395 – ₹450 |
| 2029 | ₹410 – ₹480 |
| 2030 | ₹425 – ₹510 |
Nuvoco Vistas Corporation Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹365 | ₹400 |
Nuvoco reported a 73.55% YoY decline in profit and 2.4% fall in sales in FY2025, driven by rising input costs, weak pricing power, and subdued construction activity in key markets. Despite a P/E of 42x, its ROE of just 0.44% and ROCE of 3.33% indicate poor capital efficiency. The stock trades at a modest P/B of 1.33x, but valuation remains stretched for current fundamentals. A 2026 target of ₹365–₹400 assumes marginal recovery in margins and volume stabilization.
Nuvoco Vistas Corporation Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹380 | ₹425 |
If Nuvoco improves plant utilization and scales its RMX and building materials business, revenue diversification could support earnings. However, cement remains a commoditized, competitive segment with thin margins. Assuming EPS reaches ₹9–₹10 by FY27 and P/E moderates to 38–40x, the 2027 range of ₹380–₹425 is realistic—but highly speculative.
Nuvoco Vistas Corporation Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹395 | ₹450 |
By 2028, benefits from cost optimization and premium product mix may reflect in profitability. However, ROCE must improve meaningfully to justify the current valuation. A P/E of 35–38x on projected EPS (~₹10.50–₹11.50) supports the ₹395–₹450 band—if execution improves.
Nuvoco Vistas Corporation Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹410 | ₹480 |
Long-term tailwinds include India’s $1.3 trillion National Infrastructure Pipeline and affordable housing schemes. Risks include coal price volatility, logistics bottlenecks, and debt burden. Using a P/E of 35–40x on FY29 EPS (~₹11–₹12), the 2029 target is ₹410–₹480.
Nuvoco Vistas Corporation Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹425 | ₹510 |
Over a five-year horizon, Nuvoco’s value lies in its scale and brand—not near-term returns. If it achieves consistent 15%+ net margins and ROCE above 8%, re-rating potential exists. A terminal P/E of 35–42x on FY30 EPS (~₹12–₹13) justifies the ₹425–₹510 range.
Nuvoco Vistas Corporation Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Nirma Group) | 72.02% |
| Domestic Institutional Investors (DII) | 18.09% |
| Foreign Institutional Investors (FII) | 5.00% |
| Public & Retail | 4.89% |
| Others | 0.00% |
High promoter holding ensures strategic alignment, while rising DII interest reflects confidence in long-term potential.
Nuvoco Vistas Corporation Ltd: Strengths vs Risks
Strengths:
- Strong brand under the Nirma Group
- Diversified into high-margin building materials
- Asset-heavy model with 25 MMTPA capacity
- Government infrastructure push supports demand
Risks:
- ROE of 0.44% and ROCE of 3.33% are among the lowest in the sector
- No dividend payout—zero income for investors
- High P/E (42x) with negative earnings growth
- Intense competition from UltraTech, Shree Cement, and ACC
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High |
| Ideal Time Horizon | 5+ years |
| Volatility | Very High (small-cap cement stock) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive investors betting on turnaround and infrastructure cycle |
- 73.55% YoY profit decline in FY25
- Weak ROE (0.44%) and ROCE (3.33%)
- Rising competition and input cost pressure
- Lack of dividends and investor skepticism on execution
Final Verdict
Nuvoco Vistas offers high-risk, high-narrative exposure to India’s cement and infrastructure story. While its scale and promoter backing provide optionality, current fundamentals do not justify its rich valuation. Our Nuvoco Vistas share price target 2026–2030 (₹365 to ₹510) reflects cautious optimism—rooted in policy tailwinds, not current performance. Suitable only for aggressive investors with multi-year horizons.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Nuvoco Vistas Consolidated Page (FY2025 + TTM)
- Finology Ticker – NUVOCO Financial Ratios & Valuation
- Nuvoco Investor Presentation (Q2 FY26, Nov 2025)
- BSE India – Annual Report FY2025
- Ministry of Housing & Urban Affairs – National Infrastructure Pipeline Dashboard
