NCC Q1 Results Review - Growth Sustained: IDBI Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.NCC Ltd. Q1 FY25 profit after tax came in-line with consensus estimates. Revenue was up by 23% YoY for Q1 FY25 and company has guided 15% revenue growth for FY25 with Ebitda margins of 9.5%-10%. NCC also expects new opportunities from state of Andhra Pradesh and Bihar and also expects restocking of older orders worth Rs 50 billion which got cancelled back in 2019. We have retained our Buy rating on the stock and target price is revised to Rs 380 valued at 17 times FY26E earnings per share (earlier Rs 300). Ascribe PER multiple value NCC at its +1 STD but we still find it reasonable. Q1 FY25 order inflow was bit muted at Rs4bn but NCC guides order inflow of Rs 200-220 billion for FY25 and are confident to achieve it. Key catalyst for stock is order inflow, order book at Rs 526 billion (2.5 times plus trailing twelve months revenue) continues to provide revenue visibility..Click on the attachment to read the full report:.NCC Q1 Results: Profit Jumps 21% To Rs 222.53 Crore.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

NCC Q1 Results Review - Growth Sustained: IDBI Capital

Key catalyst for stock is order inflow, order book at Rs 526 billion continues to provide revenue visibility, says the brokerage.

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NCC Q1 Results Review - Growth Sustained: IDBI Capital

Key catalyst for stock is order inflow, order book at Rs 526 billion continues to provide revenue visibility, says the brokerage.

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