NCC Ltd. News and Updates

Name: Latest research reports of NCC Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: NCC Ltd.
Rating: 5
Author: Geojit BNP Paribas

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NCC Ltd.

14 Aug 2020

175.75

1.45%

NCC LIMITED

Buy: NCC Ltd.

Target

Geojit BNP Paribas

EBITDA margin declined by 238bps YoY to 9.8% due to subdued execution and fixed overhead expenses while sub-contracting & other expenses reduced by more than 50% YoY. Order book remain healthy at Rs27,916cr (3.9x TTM revenue)...

ICICI Direct decreased Buy price target of NCC Ltd. to 235.0 on 09 Nov, 2025.

NCC Ltd.

14 Aug 2020

175.75

1.45%

NCC Limited

Hold: NCC Ltd.

Target

ICICI Securities Limited

Execution is likely to pick up only in H2FY21 gradually while order inflows, cost rationalisation have been a positive surprise. The controlled debt levels also remain a solace. We highlight that execution traction and dues from AP will be key monitorables, going ahead. We also believe receipts from arbitration will be a big boost to liquidity amid the tough times. We note that NCC is currently trading at attractive 6.4x FY22E P/E. However, we would turn constructive only when we see an improvement in execution. We...

NCC Ltd. has an average target of 228.60 from 5 brokers.

NCC Ltd.

12 Aug 2020

175.75

1.45%

Covid-led lockdown hits NCC's revenue, profit in first quarter

Business Line

NCC Limited has posted a steep fall in profit and revenues during the first quarter ended June 30, 2020 due to Covid-led lockdown.The Hyderabad-based

NCC Ltd. has lost -24.50% in the last 6 Months

NCC Ltd.

12 Aug 2020

175.75

1.45%

Q1FY21 Result Update - Execution ramps up - BUY

Buy: NCC Ltd.

Prabhudas Lilladhar

Operations resumed across all project sites with labour at 50-60% pre-covid levels. Expect labour to reach 80-90% levels by end of Sep'20. NCC posted decent set of numbers in a stressed scenario with revenues falling 46% YoY while EBITDA margins sustained at 9.8%. Company resumed...

ICICI Direct decreased Buy price target of NCC Ltd. to 235.0 on 09 Nov, 2025.

NCC Ltd.

10 Jun 2020

175.75

1.45%

NCC restarts work on most of its projects, says supply chain constraints, labour shortage an issue

Business Line

Construction major NCC Limited has restarted work on most of its projects following the relaxation of lockdown norms to check the spread of Coronaviru

NCC Ltd. has an average target of 228.60 from 5 brokers.

NCC Ltd.

04 Jun 2020

175.75

1.45%

NCC LIMITED

Buy: NCC Ltd.

Recommendation Target

Geojit BNP Paribas

However, EBITDA margin improved by 112bps YoY to 12.9% led by steep reduction in sub-contracting expenses and other expenses. Order book now stands at Rs26,572cr (3.2x TTM revenue) while NCC received fresh orders of Rs1,136cr in May 2020 & company expects tendering activity to pick-up from Q2FY21....

NCC Ltd. is trading below all available SMAs

NCC Ltd.

02 Jun 2020

175.75

1.45%

NCC shares jump 9% as company wins orders worth 1,136 crore in May

livemint

Two of the orders, totaling 993 crore, pertain to water division and two others are related to building division.The company's order book stood at 25,010 crore as on 31 March

NCC Ltd. is trading at high day volume of 13.4M.

Buy NCC target of Rs 57: Anand Rathi

Moneycontrol | 02 Jun 2020 3 more

NCC Ltd.

01 Jun 2020

175.75

1.45%

NCC Limited

Hold: NCC Ltd.

Recommendation Target

ICICI Securities Limited

NCC received orders worth | 3801 crore in Q4FY20 and | 7172 crore in FY20. Consequently, NCC's standalone order book was at | 25,010 crore (book to bill ratio of 3x). We note that the company has removed most orders from Andhra Pradesh (AP). The AP order book is now at | 4,479 crore, which the company is confident on execution. The company expects the ordering activity to pick up from Q2FY21. On the execution front, work is now ongoing in almost ~90% of sites. However, owing to labour unavailability and supply chain issues, activity levels are at 50-70% of pre-Covid levels....

ICICI Direct decreased Buy price target of NCC Ltd. to 235.0 on 09 Nov, 2025.

NCC Ltd.

30 May 2020

175.75

1.45%

NCCL Q4 net profit lower at Rs 110.37 crore, declares dividend

Business Line

NCC Limited (NCCL) has posted a lower profit of Rs 110.37 crore for the fourth quarter ended March 31, 2020 as against Rs 174.36 crore for the corres

NCC Ltd. has lost -16.13% in the last 1 Month

NCC Ltd.

30 May 2020

175.75

1.45%

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...