NCC Ltd
Incorporated in 1978, NCC Limited undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis[1]
- Market Cap ₹ 17,438 Cr.
- Current Price ₹ 278
- High / Low ₹ 280 / 99.6
- Stock P/E 26.0
- Book Value ₹ 109
- Dividend Yield 0.79 %
- ROCE 20.7 %
- ROE 10.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 23.7%
- Debtor days have improved from 72.2 to 52.9 days.
- Company's working capital requirements have reduced from 93.2 days to 63.2 days
Cons
- Company has a low return on equity of 8.68% over last 3 years.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Construction Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,603 | 5,926 | 8,297 | 8,325 | 7,892 | 7,559 | 12,080 | 8,219 | 7,256 | 9,930 | 13,351 | 18,314 | |
5,132 | 5,521 | 7,648 | 7,557 | 7,205 | 6,704 | 10,657 | 7,189 | 6,401 | 8,934 | 12,009 | 16,666 | |
Operating Profit | 471 | 406 | 649 | 769 | 687 | 856 | 1,423 | 1,030 | 855 | 996 | 1,343 | 1,648 |
OPM % | 8% | 7% | 8% | 9% | 9% | 11% | 12% | 13% | 12% | 10% | 10% | 9% |
126 | 153 | 195 | 173 | 87 | 9 | 59 | 119 | 116 | 254 | 152 | 68 | |
Interest | 407 | 466 | 574 | 509 | 396 | 379 | 451 | 518 | 458 | 460 | 510 | 595 |
Depreciation | 92 | 90 | 112 | 110 | 112 | 117 | 149 | 178 | 174 | 182 | 200 | 209 |
Profit before tax | 98 | 3 | 159 | 322 | 267 | 368 | 882 | 453 | 339 | 608 | 785 | 911 |
Tax % | 36% | -1,302% | 30% | 26% | 16% | 22% | 36% | 16% | 23% | 19% | 27% | 31% |
63 | 41 | 112 | 240 | 226 | 287 | 564 | 382 | 261 | 490 | 569 | 631 | |
EPS in Rs | 1.13 | 0.73 | 2.01 | 4.32 | 4.06 | 4.77 | 9.39 | 6.26 | 4.29 | 8.04 | 9.07 | 10.06 |
Dividend Payout % | 12% | 13% | 20% | 14% | 10% | 21% | 16% | 3% | 19% | 25% | 24% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 9% |
3 Years: | 36% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 35% |
5 Years: | 3% |
3 Years: | 40% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 21% |
3 Years: | 49% |
1 Year: | 143% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 51 | 51 | 111 | 111 | 111 | 120 | 120 | 122 | 122 | 122 | 126 | 126 |
Reserves | 2,417 | 2,469 | 3,093 | 3,150 | 3,331 | 4,122 | 4,609 | 4,984 | 5,243 | 5,655 | 6,196 | 6,687 |
2,225 | 2,475 | 1,995 | 1,883 | 1,577 | 1,300 | 1,993 | 1,910 | 1,789 | 1,184 | 980 | 1,005 | |
3,434 | 4,133 | 4,234 | 4,112 | 3,925 | 5,259 | 6,436 | 5,755 | 5,545 | 6,866 | 8,298 | 9,518 | |
Total Liabilities | 8,127 | 9,127 | 9,433 | 9,256 | 8,944 | 10,801 | 13,159 | 12,770 | 12,699 | 13,827 | 15,600 | 17,336 |
719 | 692 | 632 | 584 | 640 | 808 | 1,310 | 1,260 | 1,291 | 1,328 | 1,386 | 1,445 | |
CWIP | 6 | 10 | 8 | 8 | 1 | 23 | 13 | 15 | 22 | 7 | 22 | 40 |
Investments | 1,254 | 1,164 | 1,157 | 993 | 1,029 | 1,024 | 919 | 889 | 999 | 894 | 875 | 1,033 |
6,149 | 7,261 | 7,636 | 7,671 | 7,274 | 8,946 | 10,916 | 10,607 | 10,387 | 11,597 | 13,318 | 14,818 | |
Total Assets | 8,127 | 9,127 | 9,433 | 9,256 | 8,944 | 10,801 | 13,159 | 12,770 | 12,699 | 13,827 | 15,600 | 17,336 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
369 | 370 | 514 | 489 | 197 | 447 | 345 | 636 | 710 | 1,296 | 873 | 1,299 | |
67 | -173 | -79 | 365 | 455 | -359 | -425 | -164 | 64 | -131 | -132 | -333 | |
-423 | -217 | -409 | -713 | -755 | -137 | 217 | -583 | -689 | -1,099 | -749 | -706 | |
Net Cash Flow | 13 | -20 | 26 | 141 | -103 | -50 | 137 | -111 | 84 | 66 | -8 | 261 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 89 | 60 | 135 | 164 | 218 | 92 | 107 | 127 | 88 | 76 | 53 |
Inventory Days | 250 | 224 | 148 | 155 | 178 | 223 | 39 | 64 | 81 | 85 | 83 | 72 |
Days Payable | 246 | 215 | 145 | 259 | 334 | 445 | 336 | 488 | 565 | 458 | 369 | 306 |
Cash Conversion Cycle | 79 | 97 | 63 | 31 | 7 | -5 | -204 | -317 | -358 | -286 | -210 | -181 |
Working Capital Days | 136 | 161 | 133 | 134 | 134 | 126 | 91 | 142 | 185 | 125 | 92 | 63 |
ROCE % | 11% | 9% | 14% | 16% | 14% | 16% | 22% | 14% | 11% | 13% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Submission of news Paper publications for Audited Results for the quarter and year ended 31st March 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Submission of Audio Recording of the analyst call held on 15-05-2024
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Announcement under Regulation 30 (LODR)-Change in Management
15 May - Appointment of Sri Rajender Mohan Malla (DIN-00136657) as an Additional Director/Non Executive Independent Director w.e.f. 01-07-2024
- Corporate Action-Board approves Dividend 15 May
- Board Meeting Outcome for Approval Of Audited Financial Results And Approval For Payment Of Dividend For F.Y 2023-24 15 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
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Financial Year 2011
from nse
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Financial Year 2010
from bse
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
Business Overview:[1]
NCC does construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways. It also has interests in road and energy projects through its 62.1% owned subsidiary NCC Infrastructure Holdings Limited and in real estate through its 80% owned subsidiary NCC Urban Infrastructure. Company has presence in the Middle East through its subsidiaries in Muscat and Dubai