NCC Ltd

₹ 79.8 -0.62%
05 Dec 4:10 p.m.
About

NCC Ltd. is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, water supply and environment projects, mining, power transmission lines etc. [1]

Key Points

Business Verticals
​​Building & Housing- Industrial buildings, Commercial buildings, Housing projects, IT Parks, Shopping malls, Sports complexes, Hospitals & Medical colleges, Bridges, flyovers and elevated corridors and Metros.
Roads- Highways, Highway realignment and Bypass, Carriageway widening and strengthening.
Water & Environment- Water supply projects, Water treatment plants, Distribution networks, Underground drainages and Lift irrigation schemes.
Electrical- Transmission and distribution lines and substations, Project electrification etc
Irrigation- Dams & Reservoirs, Canals, Tunnels, Spillways and Aqueducts
International- Roads, Buildings and Water pipelines.
Mining- Overburden removal, Coal excavation and MDO.
Railways- Track Laying, Signaling and Communication and Railway Siding
Others- Power, Oil & Gas, Metals and Others. [1]

  • Market Cap 5,007 Cr.
  • Current Price 79.8
  • High / Low 84.6 / 51.0
  • Stock P/E 11.7
  • Book Value 92.7
  • Dividend Yield 2.51 %
  • ROCE 12.9 %
  • ROE 6.17 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.86 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 107 to 83.4 days.
  • Company's working capital requirements have reduced from 157 days to 120 days

Cons

  • The company has delivered a poor sales growth of 4.35% over past five years.
  • Promoter holding is low: 22.0%
  • Company has a low return on equity of 6.16% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,938 2,281 2,334 1,298 1,708 2,127 2,817 2,064 2,581 3,015 3,477 3,321 3,373
1,682 2,019 2,054 1,173 1,476 1,871 2,511 1,853 2,315 2,739 3,208 3,013 3,063
Operating Profit 256 262 281 125 232 256 306 211 266 276 269 308 310
OPM % 13% 12% 12% 10% 14% 12% 11% 10% 10% 9% 8% 9% 9%
46 2 -9 31 35 25 13 20 51 18 187 32 32
Interest 141 150 126 122 123 112 123 110 120 121 127 111 123
Depreciation 52 50 46 46 45 45 45 46 47 47 46 48 50
Profit before tax 110 65 99 -12 99 124 151 75 150 126 283 181 169
Tax % 28% -58% 39% 242% 30% 37% 22% 28% 19% 33% 17% 24% 19%
Net Profit 79 102 61 17 70 78 118 54 122 84 234 137 138
EPS in Rs 1.37 1.73 1.24 0.26 1.06 1.17 1.92 0.82 1.87 1.25 3.97 2.09 2.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
6,105 6,518 6,968 7,272 9,513 9,527 9,001 8,391 12,896 8,901 7,949 11,138 13,187
5,394 5,621 6,146 6,514 8,513 8,540 8,326 7,518 11,303 7,824 7,030 10,110 12,024
Operating Profit 711 898 823 758 1,000 987 675 873 1,592 1,077 919 1,028 1,164
OPM % 12% 14% 12% 10% 11% 10% 8% 10% 12% 12% 12% 9% 9%
21 102 91 105 127 71 87 -23 17 63 105 272 270
Interest 271 645 595 654 737 643 513 460 522 554 480 478 482
Depreciation 136 264 228 235 277 248 203 172 193 199 181 187 191
Profit before tax 325 90 90 -27 113 167 46 219 894 387 363 635 759
Tax % 32% 24% 42% 138% 45% 51% 82% 37% 37% 19% 22% 22%
Net Profit 223 56 45 -9 48 82 8 139 568 314 283 494 593
EPS in Rs 4.00 0.99 1.01 0.06 0.97 2.17 0.57 2.81 9.63 5.52 4.40 7.91 9.40
Dividend Payout % 12% 14% 14% 156% 41% 28% 70% 36% 16% 4% 18% 25%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: -5%
TTM: 38%
Compounded Profit Growth
10 Years: 20%
5 Years: 89%
3 Years: -19%
TTM: 26%
Stock Price CAGR
10 Years: 10%
5 Years: -8%
3 Years: 15%
1 Year: 7%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
51 51 51 51 111 111 111 120 120 122 122 122 126
Reserves 2,517 2,668 2,645 2,715 3,291 3,281 3,336 3,962 4,448 4,784 5,023 5,454 5,696
4,580 5,316 3,909 3,914 3,390 3,208 2,572 2,061 2,691 2,181 2,062 1,302 2,002
3,398 4,034 4,585 5,435 5,753 5,721 5,090 6,265 7,401 6,724 6,333 7,579 7,761
Total Liabilities 10,546 12,069 11,190 12,115 12,545 12,321 11,109 12,408 14,660 13,812 13,540 14,458 15,584
1,845 3,110 2,809 2,608 2,446 1,674 1,099 1,158 1,551 1,413 1,417 1,443 1,476
CWIP 1,900 941 7 24 11 8 1 23 13 15 22 7 14
Investments 275 362 671 1,108 1,133 1,128 729 619 475 448 440 346 335
6,526 7,656 7,703 8,375 8,955 9,510 9,281 10,608 12,621 11,935 11,661 12,662 13,759
Total Assets 10,546 12,069 11,190 12,115 12,545 12,321 11,109 12,408 14,660 13,812 13,540 14,458 15,584

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-66 71 1,620 634 867 395 314 586 673 931 842 1,416
-1,335 -456 394 -67 -95 193 376 -188 -619 11 -207 -66
1,145 398 -2,007 -643 -643 -551 -818 -453 89 -1,047 -558 -1,275
Net Cash Flow -256 13 7 -75 129 37 -129 -56 143 -105 77 75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 105 95 74 88 64 141 167 216 97 112 126 83
Inventory Days 326 332 335 312 218 265 290 338 103 166 180 117
Days Payable 239 262 278 255 175 301 335 428 328 491 565 447
Cash Conversion Cycle 192 165 130 145 107 105 122 126 -127 -213 -258 -246
Working Capital Days 152 184 125 134 106 119 150 153 112 157 194 120
ROCE % 9% 10% 9% 9% 12% 13% 9% 13% 22% 14% 12% 13%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
18.11 19.57 19.31 19.68 19.68 19.68 19.68 19.68 19.68 19.68 21.11 21.99
17.73 14.67 11.42 9.80 10.32 13.12 13.40 13.26 11.62 8.89 9.77 12.80
24.08 18.50 13.45 12.31 11.43 12.20 12.15 11.52 12.14 12.25 11.30 13.10
40.08 47.26 55.82 58.20 58.56 55.00 54.77 55.54 56.56 59.18 57.82 52.10

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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