NCC Ltd. News and Updates

Name: Latest research reports of NCC Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: NCC Ltd.
Rating: 5
Author: Prabhudas Lilladhar

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NCC Ltd.

30 May 2020

217.40

2.60%

Q4FY20 Result Update - Better revenue mix drive margin improvement - BUY

Buy: NCC Ltd.

Prabhudas Lilladhar

NCC reported healthy 4QFY20 results better than our estimates driven by lower than anticipated impact on execution in its key projects, due to nationwide lockdown. Further construction activity gradually resumed towards end of Apr'20 with over ~90% of projects commencing operations (operating at 50-70% capacity). The company received disbursements on time from Central Government Agencies (including NHAI, AIIMS and Airports Authority of India), however some delays were witnessed from State Govt authorities as focus shifted towards welfare and health services. In addition...

Number of FII/FPI investors decreased from 317 to 241 in Mar 2025 qtr

NCC Ltd.

08 Apr 2020

217.40

2.60%

State govts draw in 1.4 mn NCC cadets to fight coronavirus pandemic

Business Standard

Amongst those who have pressed the NCC into service is the deputy commissioner of Kangra district in HP, who has requisitioned 86 cadets to assist the police in ensuring social distancing till April 1

NCC Ltd. is trading below its 100 day SMA of 231.0

NCC Ltd.

20 Mar 2020

217.40

2.60%

NCC -3QFY20 Result Update

Buy: NCC Ltd.

Reliance Securities

NCC Ltd (NJCC) has reported a weak performance in 3QFY20 owing to muted revenue booking led by project cancellation and absence of convincing pick-up in construction activities post monsoon. Reported revenue declined by 34% YoY to Rs21.2bn vs. our estimate of Rs24.5bn, while EBITDA witnessed a de-growth of 36% YoY to Rs2.5bn. EBITDA margin contracted by 36bps YoY and 165bps QoQ to 11.8%. Adjusted profit declined by a sharp 66% YoY (10% QoQ) to Rs543mn mainly led by soft execution. Notably, NJCC has set aside slow-moving and likelyto-be-cancelled projects worth Rs71.3bn from its order backlog in order to have a clear visibility of revenue booking from the ongoing projects. Therefore, its current order backlog stands at Rs250.5bn, which is 2.7x TTM revenue and still gives decent revenue visibility. Going forward,...

NCC Ltd. has an average target of 305.25 from 4 brokers.

NCC Ltd.

19 Mar 2020

217.40

2.60%

NCC certificate holders to get preference in paramilitary forces

Business Line

NCC certificate holders will get bonus marks in the upcoming direct recruitment examinations for sub-inspectors and constables in the Central Armed P

NCC Ltd. has lost -30.45% in the last 6 Months

NCC Ltd.

18 Mar 2020

217.40

2.60%

NCC -3QFY20 Result Update

Buy: NCC Ltd.

Reliance Securities

NCC Ltd. has lost -30.45% in the last 6 Months

NCC Ltd.

13 Feb 2020

217.40

2.60%

Buy NCC; target of Rs 98: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on NCC has recommended buy rating on the stock with a target price of Rs 98 in its research report dated February 07, 2020.

NCC Ltd. has an average target of 305.25 from 4 brokers.

NCC Ltd.

13 Feb 2020

217.40

2.60%

NCC -3QFY20 Result Update

Buy: NCC Ltd.

Target

Reliance Securities

Number of FII/FPI investors decreased from 317 to 241 in Mar 2025 qtr

NCC Ltd.

10 Feb 2020

217.40

2.60%

NCC Limited

Buy: NCC Ltd.

Target

ICICI Securities Limited

Order book at | 25,049 crore; stalled AP orders removed NCC's standalone orderbook (OB) was at | 25,049 crore, 2.7x TTM revenues. This is lower than | 33,173 crore OB reported in Q2FY20 as it has proactively removed certain non-moving orders worth | 7,130 crore pertaining to Andhra Pradesh. With this, NCC's AP OB is now at | 4,429.3 crore, which is partly under execution. Deriving comfort from external funding of these projects, the company is confident of receiving payment for these orders. The company is L1 in projects worth | 2,000 crore. The management...

NCC Ltd. is trading above its 50 day SMA of 200.1

NCC Ltd.

08 Feb 2020

217.40

2.60%

NCC (3QFY20): Inline performance. Maintain BUY

Buy: NCC Ltd.

Target

HDFC Securities

AP orders removal improves visibility on net executable order book and we believe this is already reflected in the price. AP NWC recovery of Rs 8.3bn is the key overhang now. NCC has resumed orders bidding and is likely to surprise positively on new order inflows for FY21E. TAQA out of court settlement may result in Rs 1bn hit for NCC. Sembcorp arbitration hearing is expected to conclude by Mar-20 with final judgment by Sep-20. We have cut FY20/21E EPS by 8.9/5.0%. Maintain BUY with reduced TP of Rs 106/sh. Key risks (1) Adverse ruling on ongoing arbitrations; (2) Slow down in government capex; (3) Deterioration in NWC days; and (4) Weak real estate monetization. NCC reported inline 3QFY20 financial performance, Rev/EBIDTA/APAT beat of 11.4/11.5/0%. With removal of Rs 71bn of slow moving AP orders net executable order book stands at Rs 250bn. We maintain BUY with reduced TP of Rs 106/Sh (EPC business at 15x FY21E EPS) vs. Rs 111/sh earlier.