Name: Latest research reports of NBCC (India) Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: NBCC (India) Ltd.
Rating: 3
Author: Geojit BNP Paribas

NBCC (INDIA) LIMITED

Hold: NBCC (India) Ltd.

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Geojit BNP Paribas

Order book remains strong at Rs72,000cr, however orders worth ~Rs17,000cr were in execution stage and NBCC targets to take total projects under execution to ~Rs27,000cr in FY21. NBCC got clearance for Nauroji Nagar projects while Netaji Nagar & Sarojini Nagar projects are awaiting forest clearances. We cut FY21E/22E EPS estimates by 47%/28% due to fall in PMC margins and slow pace in real estate business. We value NBCCs core business at a P/E of 13x on FY22E EPS &...