NCC is operating in a well-diversified portfolio and having a presence in every segment of construction sector. The healthy order book of Rs.32,532cr(80% growth YoY) which is 4.3x FY18 revenue provides strong visibility. FY18 order inflow grew by 174% YoY to Rs.25,304cr and out of which 50% of orders are short cycle orders. The increased spending by government in key infrastructure space will...