NBCC (India) Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 5949.00 Crore) operating in Construction sector.
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2149.17 Crore, up 50.68 % from last quarter Total Income of Rs 1426.27 Crore and up 8.58 % from last year same quarter Total Income of Rs 1979.36 Crore. Company reported net profit after tax of Rs 96.84 Crore in latest quarter.
While NBCC’s order book position has remained strong, its revenue and margin performance was benign with challenges witnessed in big-ticket size redevelopment projects and margins declining in the PMC segment. While there are triggers such as a) expected surge in executable order book position, b) improvement in margins and c) with lean-balance sheet position, the brokerage will await execution and margin pick-up before turning constructive. It maintains HOLD rating with a TP of Rs 35/share (earlier Rs 37).
Promoters held 61.75 per cent stake in the company as of March 31, 2020, while FIIs held 5.80 per cent, DIIs 13.05 and public and others 19.40 per cent.