NCC Ltd
Incorporated in 1978, NCC Limited undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis[1]
- Market Cap ₹ 15,495 Cr.
- Current Price ₹ 247
- High / Low ₹ 278 / 99.6
- Stock P/E 23.1
- Book Value ₹ 100
- Dividend Yield 0.89 %
- ROCE 18.7 %
- ROE 9.99 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.0%
- Debtor days have improved from 94.6 to 74.5 days.
- Company's working capital requirements have reduced from 132 days to 82.5 days
Cons
- Company has a low return on equity of 7.23% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6,518 | 6,968 | 7,272 | 9,513 | 9,527 | 9,001 | 8,391 | 12,896 | 8,901 | 7,949 | 11,138 | 15,553 | 19,309 | |
5,621 | 6,146 | 6,514 | 8,513 | 8,540 | 8,326 | 7,518 | 11,303 | 7,824 | 7,030 | 10,110 | 14,094 | 17,626 | |
Operating Profit | 898 | 823 | 758 | 1,000 | 987 | 675 | 873 | 1,592 | 1,077 | 919 | 1,028 | 1,459 | 1,683 |
OPM % | 14% | 12% | 10% | 11% | 10% | 8% | 10% | 12% | 12% | 12% | 9% | 9% | 9% |
102 | 91 | 105 | 127 | 71 | 87 | -23 | 17 | 63 | 105 | 272 | 144 | 109 | |
Interest | 645 | 595 | 654 | 737 | 643 | 513 | 460 | 522 | 554 | 480 | 478 | 515 | 584 |
Depreciation | 264 | 228 | 235 | 277 | 248 | 203 | 172 | 193 | 199 | 181 | 187 | 203 | 213 |
Profit before tax | 90 | 90 | -27 | 113 | 167 | 46 | 219 | 894 | 387 | 363 | 635 | 885 | 995 |
Tax % | 24% | 42% | 138% | 45% | 51% | 82% | 37% | 37% | 19% | 22% | 22% | 27% | |
56 | 45 | -9 | 48 | 82 | 8 | 139 | 568 | 314 | 283 | 494 | 646 | 705 | |
EPS in Rs | 0.99 | 1.01 | 0.06 | 0.97 | 2.17 | 0.57 | 2.81 | 9.63 | 5.52 | 4.40 | 7.91 | 9.70 | 10.54 |
Dividend Payout % | 14% | 14% | 156% | 41% | 28% | 70% | 36% | 16% | 4% | 18% | 25% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 13% |
3 Years: | 20% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 24% |
3 Years: | 20% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 19% |
3 Years: | 50% |
1 Year: | 108% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 51 | 51 | 51 | 111 | 111 | 111 | 120 | 120 | 122 | 122 | 122 | 126 | 126 |
Reserves | 2,668 | 2,645 | 2,715 | 3,291 | 3,281 | 3,336 | 3,962 | 4,448 | 4,784 | 5,023 | 5,454 | 6,041 | 6,154 |
5,316 | 3,909 | 3,914 | 3,390 | 3,208 | 2,572 | 2,061 | 2,691 | 2,181 | 2,062 | 1,302 | 974 | 1,439 | |
4,034 | 4,585 | 5,435 | 5,753 | 5,721 | 5,090 | 6,265 | 7,401 | 6,724 | 6,333 | 7,579 | 9,409 | 9,849 | |
Total Liabilities | 12,069 | 11,190 | 12,115 | 12,545 | 12,321 | 11,109 | 12,408 | 14,660 | 13,812 | 13,540 | 14,458 | 16,550 | 17,567 |
3,110 | 2,809 | 2,608 | 2,446 | 1,674 | 1,099 | 1,158 | 1,551 | 1,413 | 1,417 | 1,443 | 1,503 | 1,491 | |
CWIP | 941 | 7 | 24 | 11 | 8 | 1 | 23 | 13 | 15 | 22 | 7 | 22 | 19 |
Investments | 362 | 671 | 1,108 | 1,133 | 1,128 | 729 | 619 | 475 | 448 | 440 | 346 | 352 | 360 |
7,656 | 7,703 | 8,375 | 8,955 | 9,510 | 9,281 | 10,608 | 12,621 | 11,935 | 11,661 | 12,662 | 14,673 | 15,697 | |
Total Assets | 12,069 | 11,190 | 12,115 | 12,545 | 12,321 | 11,109 | 12,408 | 14,660 | 13,812 | 13,540 | 14,458 | 16,550 | 17,567 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
71 | 1,620 | 634 | 867 | 395 | 314 | 586 | 673 | 931 | 842 | 1,416 | 1,100 | |
-456 | 394 | -67 | -95 | 193 | 376 | -188 | -619 | 11 | -207 | -66 | -192 | |
398 | -2,007 | -643 | -643 | -551 | -818 | -453 | 89 | -1,047 | -558 | -1,275 | -893 | |
Net Cash Flow | 13 | 7 | -75 | 129 | 37 | -129 | -56 | 143 | -105 | 77 | 75 | 16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 74 | 88 | 64 | 141 | 167 | 216 | 97 | 112 | 126 | 83 | 75 |
Inventory Days | 332 | 335 | 312 | 218 | 265 | 290 | 338 | 103 | 166 | 180 | 117 | 102 |
Days Payable | 262 | 278 | 255 | 175 | 301 | 335 | 428 | 328 | 491 | 565 | 447 | 393 |
Cash Conversion Cycle | 165 | 130 | 145 | 107 | 105 | 122 | 126 | -127 | -213 | -258 | -246 | -217 |
Working Capital Days | 184 | 125 | 134 | 106 | 119 | 150 | 153 | 112 | 157 | 194 | 120 | 83 |
ROCE % | 9% | 9% | 9% | 12% | 12% | 8% | 12% | 21% | 13% | 11% | 12% | 19% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Submission Of Certificate Received Under Regulation 40(9) From Practicing Company Secretary 16 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 8 Apr
- Compliance Certificate For The Period Ended March 31, 2024 6 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Submission of Certificate under Regulation 74(5) of the SEBI(DP) Regulations, 2018
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
Concalls
-
Feb 2024Transcript PPT REC
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Feb 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
Aug 2021TranscriptPPT
-
Jun 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Nov 2020TranscriptPPT
-
Nov 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
Jun 2020TranscriptPPT
-
Feb 2020TranscriptPPT
-
Nov 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
Feb 2019TranscriptPPT
-
Aug 2018TranscriptPPT
-
Nov 2017TranscriptPPT
-
Aug 2017TranscriptPPT
-
May 2017TranscriptPPT
-
Feb 2017TranscriptPPT
-
Nov 2016TranscriptPPT
-
Aug 2016TranscriptPPT
-
May 2016TranscriptPPT
-
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