NSE: NBCC | BSE: 534309

Mid-range Performer

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122.28 1.23 (1.02%)

72.71% Gain from 52W Low

386.3K NSE+BSE Volume

NSE 25 Jun, 2025 9:16 AM (IST)

33,015.6

Market Cap

High in industry

1.7

Beta 1Year

Very High Volatility

Order Win

NBCC (India) bags a Rs 296.5 crore order from MDA to redevelop projects in Meerut, Uttar Pradesh See details

NBCC (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NBCC, BSE:534309 NBCC (India) Ltd.

NBCC (India) Ltd.

06 Jul 2018

122.28

1.02%

NBCC Ltd

Buy: NBCC (India) Ltd.

Target

ICICI Securities Limited

Media reports indicate that the Delhi High Court (HC) has maintained its stay on tree felling until further orders. Also, the National Green Tribunal (NGT) has ordered not to fell trees for redevelopment of government colonies till July 19, 2018. Previously, the Delhi High Court had directed NBCC to stop tree felling till July 4, 2018. This decision came after a PIL was filed, which sought setting aside of terms of reference (ToR) and environment clearances (EC) granted to the project by the Environment Ministry, saying it would lead to felling of over 16500 trees. The six south...

NBCC (India) Ltd. has gained 43.25% in the last 3 Months

NBCC (India) Ltd.

18 Jun 2018

122.28

1.02%

NBCC Ltd

Buy: NBCC (India) Ltd.

ICICI Securities Limited

We attended the analyst meet of NBCC. The key takeaways are: -i) execution of several big ticket projects to drive revenue growth ii) affordable housing segment to be huge opportunity iii) to acquire couple of government companies present in similar businesses. Overall, we like NBCC's business model given the huge opportunities ahead and expect...

NBCC (India) Ltd. has an average target of 110.00 from 2 brokers.

NBCC (India) Ltd.

11 Jun 2018

122.28

1.02%

NBCC (INDIA) LIMITED

Accumulate: NBCC (India) Ltd.

Geojit Research

Q4FY18 revenue declined by -7% due to delay in execution of PMC & no revenue booking from real estate projects. Notably, order backlog remains strong at Rs80,000cr (14x FY18 sales) provides strong visibility for next 5yrs....

NBCC (India) Ltd. has gained 43.25% in the last 3 Months

NBCC (India) Ltd.

30 May 2018

122.28

1.02%

NBCC Ltd

Buy: NBCC (India) Ltd.

ICICI Securities Limited

NBCC's net sales contracted 7.3% YoY to | 2170.1 crore largely due to a 3.8% decline in PMC revenues to | 1996.3 crore and nil revenues from the real estate division (| 100.4 crore in Q4FY17) EBITDA margins contracted 60 bps YoY to 8.3% due to a weak performance in the PMC division where it clocked EBIT margin of 6.4% (9.5% in Q4FY17). After adjusting for unallocable income in the PMC division, the EBIT margin in PMC division works out to 10.5% Net profit de-grew 18.9% YoY to | 141.7 crore mainly on account of a...

NBCC (India) Ltd. has an average target of 110.00 from 2 brokers.

NBCC (India) Ltd.

29 May 2018

122.28

1.02%

NBCC - 4QFY18 Result Update

Buy: NBCC (India) Ltd.

Reliance Securities

NBCC continued to report soft performance in 4QFY18 with EBITDA declining by 19% YoY to Rs1.7bn mainly due to lower than expected revenue booking. While reported revenue declined by 7% YoY, revenue on comparable basis grew by 12-14% YoY. PMC revenue declined by 4% YoY to Rs20bn (92% of total revenue). There was no revenue from Real Estate. EPC revenue stood at Rs1.7bn (+7% YoY and +45% QoQ). EBITDA margin stood at 7.7% (-108bps YoY and +316bps QoQ). Notably, order book stands at Rs800bn (11.6x FY18 consolidated revenue) and offers unmatched growth visibility, going ahead. Its key redevelopment projects i.e. Pragati Maidan, Nauroji Nagar, Netaji Nagar and Maharashtra Irrigation were started and few more...

NBCC (India) Ltd. is trading above all available SMAs

NBCC (India) Ltd.

22 Mar 2018

122.28

1.02%

We recently interacted with the management of NBCC and reiterate our view about its stron...

Buy: NBCC (India) Ltd.

Emkay

Management tried to address the key concerns pertaining to the execution of its 3 redevelopment projects, namely Naurojii Nagar, Netaji Nagar and Sarojini Nagar. NBCC has already awarded tenders for Nauroji Nagar to NCC (Rs19.5bn); Netaji Nagar Package1 (Rs10.4bn) to Shapoorji Paloonji and Sarojini Nagar Package1 to Girdhari Lal Constructions (Rs8.5bn). Over the past six months, NBCC has tendered projects worth ~Rs100bn to the EPC contractors and expects to order an additional ~Rs150bn in FY19. In terms of commercial sales, NBCC has already monetized Rs22-25bn from the sale of commercial properties (in less than six months) in Nauroji Nagar. East Kidwainagar project (~Rs53bn) is...

NBCC (India) Ltd. has an average target of 110.00 from 2 brokers.

NBCC (India) Ltd.

14 Mar 2018

122.28

1.02%

NBCC (India)

Buy: NBCC (India) Ltd.

Kotak Securities

NBCC (India) Ltd, a Navratna PSU with major presence in project management consultancy space in building segment is focusing on execution of its order book. In the last 4 years (FY15-18E), the company has grown its order book by ~4x to ~Rs 800 bn which gives strong revenue growth visibility for the next 5 years. On the other hand, the revenue has grown less than 1.5x in the same period. The company is focusing on execution and expects strong revenue growth in FY19E as most of the redevelopment projects would contribute meaningfully in the year. It has begun work on Rs 100 bn of new projects in the past 6 months which will be...

NBCC (India) Ltd. has gained 43.25% in the last 3 Months

NBCC (India) Ltd.

16 Feb 2018

122.28

1.02%

NBCC Ltd

Buy: NBCC (India) Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Net sales contracted 7.0% YoY to | 1321.5 crore. They were below our estimate of | 1618.5 crore mainly on account of lower-thanexpected revenues in the PMC division. PMC division revenues degrew 6.3% YoY to | 1190.5 crore vs. our expectation of | 1467.6 crore The EBITDA margin contracted marginally by 10 bps YoY to 5.2%. It was below our estimate of 5.9% mainly due to the weak performance of the PMC division where it clocked EBIT margin of 11% (our estimate: 12%). After adjusting for un-allocable expenses in the PMC division, the EBIT margin in PMC division works out to 6.7%...

NBCC (India) Ltd. has an average target of 110.00 from 2 brokers.

NBCC (India) Ltd.

16 Feb 2018

122.28

1.02%

NBCC - 3QFY18 Result Update

Buy: NBCC (India) Ltd.

Reliance Securities

NBCC (India) Ltd. is trading above all available SMAs

NBCC (India) Ltd.

29 Nov 2017

122.28

1.02%

Result Review of NBCC

Buy: NBCC (India) Ltd.

IDBI Capital

GST transition makes Q2FY18 results incomparable. As against our revenue/ EBITDA/net profit expectations of Rs12bn/Rs642mn/Rs524mn, company reported Rs11.3bn/Rs843mn/Rs741mn respectively. Nauroji, Sarojini and Pragati Maidan will contribute Rs60bn in revenues from FY19 onwards. With company aiming for another Rs250-300bn order inflows in FY18, the order backlog could end at Rs1trn+ in FY18. Note Dharavi and railway station redevelopment projects, put together, can exceed order inflow of Rs500bn, if won. And there are other big ticket projects in the pipeline too....

NBCC (India) Ltd. has gained 31.20% in the last 6 Months

Is NBCC (India) Ltd. worth buying?

1837 Votes:

Buy 79.8%

Sell 10.45%

Hold 9.74%

RESEARCH REPORTS

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