NCC Ltd - Stock Valuation and Financial Performance

BSE: 500294 | NSE: NCC | Engineering - Construction | Small Cap

NCC Share Price

276.50 0.75 0.27%
as on 18-May'24 11:31

DeciZen - make an informed investing decision on NCC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

NCC stock performance -

mw4me loader
P/E Ratio (SA):
27.42
Market Cap:
17,312.9 Cr.
52-wk low:
99.6
52-wk high:
280

Is NCC Ltd an attractive stock to invest in?

1. Is NCC Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that NCC Ltd is a average quality company.

2. Is NCC Ltd undervalued or overvalued?

The key valuation ratios of NCC Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is NCC Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of NCC Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of NCC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NCC Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.5%10.2%11.5%10.7%11.9%14.7%10.3%8%10%12.5%-
Value Creation
Index
-0.5-0.3-0.2-0.2-0.10.1-0.3-0.4-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,1178,2978,3257,8927,55912,0808,2197,2569,93013,35118,314
Sales YoY Gr.-35.6%0.3%-5.2%-4.2%59.8%-32%-11.7%36.9%34.5%-
Adj EPS 12.14.24.869.85.74.16.38.510.1
YoY Gr.-110%101.9%13.7%24.7%63.1%-42.2%-28.5%55.6%35.6%-
BVPS (₹) 6657.658.761.970.678.783.787.594.7100.7108.5
Adj Net
Profit
38117236268361589345247384536632
Cash Flow from Ops. 3705144891974473456367101,296873-
Debt/CF from Ops. 6.73.93.982.95.832.50.91.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%12.1%17.6%34.5%
Adj EPS 26.9%7.3%14.7%35.6%
BVPS4.8%7.4%6.4%6.3%
Share Price 19.5% 24% 51% 142.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.54.17.389.413.174.76.98.89.6
Op. Profit
Mgn %
6.67.88.98.711.311.812.511.81010.19
Net Profit
Mgn %
0.61.42.83.44.84.94.23.43.943.5
Debt to
Equity
10.60.60.50.30.40.40.30.20.20
Working Cap
Days
403326328333380289455503384323125
Cash Conv.
Cycle
89768610011925-53-45-28-1930

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.60%

Sales growth is growing at healthy rate in last 3 years 17.55%

Net Profit is growing at healthy rate in last 3 years 14.70%

Sales growth is good in last 4 quarters at 37.17%

No data to display

Latest Financials - NCC Ltd.

Standalone Consolidated
TTM EPS (₹) 10.1 11.3
TTM Sales (₹ Cr.) 18,314 20,845
BVPS (₹.) 108.5 105.8
Reserves (₹ Cr.) 6,687 6,514
P/BV 2.54 2.61
PE 27.42 24.36
From the Market
52 Week Low / High (₹) 99.55 / 280.00
All Time Low / High (₹) 0.60 / 277.90
Market Cap (₹ Cr.) 17,313
Equity (₹ Cr.) 125.6
Face Value (₹) 2
Industry PE 41.4

Management X-Ray of NCC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *19.4018.8119.0511.145.453.340.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NCC

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6,1178,2978,3257,8927,55912,0808,2197,2569,93013,351
Operating Expenses 5,7247,6807,5887,2156,70410,6577,1896,4018,93412,009
Manufacturing Costs2,4732,4652,8633,2063,1925,0663,4543,4364,8036,305
Material Costs2,5844,4533,9013,1362,7774,7642,9452,3833,3944,751
Employee Cost 240265301332364439435350429520
Other Costs 427497523542372387354232308433
Operating Profit 3936177386778551,4231,0308559961,343
Operating Profit Margin (%) 6.4%7.4%8.9%8.6%11.3%11.8%12.5%11.8%10.0%10.1%
Other Income 165227224148116118151116108152
Interest 466574509396379451518458460510
Depreciation 90112110112117149178174182200
Exceptional Items 00-20-50-107-59-3301460
Profit Before Tax 3159322267368882453339608785
Tax -38478242813187178118216
Profit After Tax 41112240226287564382261490569
PAT Margin (%) 0.7%1.3%2.9%2.9%3.8%4.7%4.6%3.6%4.9%4.3%
Adjusted EPS (₹)1.12.04.34.14.89.46.34.38.09.1
Dividend Payout Ratio (%)13%20%14%10%21%16%3%19%25%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,5203,2043,2613,4424,2424,7295,1065,3385,7776,322
Share Capital 51111111111120120122122122126
Reserves 2,4693,0933,1503,3314,1224,6094,9845,2165,6556,196
Minority Interest0000000000
Debt2,3061,9251,8181,5371,1641,7361,6521,5271,090803
Long Term Debt732631029119320174998283
Short Term Debt2,2331,6631,7171,5281,0451,4161,4781,4281,008720
Trade Payables1,5391,7662,7712,8693,3884,3843,9363,6914,2614,801
Others Liabilities 2,8092,6151,3249601,8282,1361,8712,1022,6453,626
Total Liabilities 9,1749,5109,1748,80910,62112,98612,56512,65813,77215,552

Fixed Assets

Gross Block1,1551,2021,2291,3201,5631,9752,0402,1652,2732,504
Accumulated Depreciation4635706457288148669921,1201,2091,340
Net Fixed Assets6926325845927491,1101,0481,0441,0641,164
CWIP 1088123131522722
Investments 1,1641,1579571,0291,024919889999894875
Inventories1,5991,8031,6571,5261,6965135155277881,078
Trade Receivables1,4441,3633,0873,5364,5063,0502,4082,5212,3842,788
Cash Equivalents 6911321610966299317439559646
Others Assets4,1964,4352,6662,0152,5587,0827,3737,1068,0768,980
Total Assets 9,1749,5109,1748,80910,62112,98612,56512,65813,77215,552

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3705144891974473456367101,296873
PBT 3159322267368882453339608785
Adjustment 442537479448537635667563465599
Changes in Working Capital -92-145-220-475-331-937-347-174396-235
Tax Paid 17-36-93-44-126-235-137-18-173-275
Cash Flow From Investing Activity -173-79365455-359-425-16464-131-132
Capex -68-50-91-129-308-491-88-152-168-218
Net Investments 1862201820449-15160
Others -291-51456565-7261-1252312186
Cash Flow From Financing Activity -217-409-713-755-137217-583-689-1,099-749
Net Proceeds from Shares 05940054100000
Net Proceeds from Borrowing -19231-115-118207322-145-71-18583
Interest Paid -457-518-575-408-375-431-473-462-446-498
Dividend Paid -9-6-27-40-27-72-109-12-49-126
Others 268-7104-188-483399143-144-420-208
Net Cash Flow -2026141-103-50137-1118466-8
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.623.917.436.737.4612.577.775.018.829.41
ROCE (%)9.6814.3716.0813.0414.1421.6914.1111.2515.118.13
Asset Turnover Ratio0.70.890.890.880.781.020.640.580.750.91
PAT to CFO Conversion(x)9.024.592.040.871.560.611.662.722.641.53
Working Capital Days
Receivable Days7762981531941141211249071
Inventory Days90757674783323262426
Payable Days167102167286362269469520370286

NCC Ltd Stock News

NCC Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NCC on 18-May-2024 11:31 is ₹276.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 11:31 the market cap of NCC stood at ₹17,312.9.
The latest P/E ratio of NCC as of 18-May-2024 11:31 is 27.42.
The latest P/B ratio of NCC as of 18-May-2024 11:31 is 2.54.
The 52-week high of NCC is ₹280.0 and the 52-week low is ₹99.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NCC is ₹18,314 ( Cr.) .

About NCC Ltd

NCC Limited was established as a Partnership firm in 1978, which was subsequently converted into a limited Company in 1990. The shares of the Company, was listed on the stock exchanges in India, in 1992 pursuant to Public offer of equity shares. The Company, its subsidiaries, and Associates collectively referred to as the “Group” is engaged in the infrastructure sector and undertaking turnkey EPC contracts as well as BOT projects on Public-Private Partnership basis. The Group’s range of verticals comprises of Buildings & Housing, Roads, Railways, Mining, Water & Environment, Irrigation, Power, Electrical, Metals, Oil & Gas and International business.

Business area of the company

The company undertakes civil construction in segments such as buildings, water, roads, irrigation, power, electrical, railways, metals, mining.

Divisions

  • Buildings & Housing
  • Roads
  • Electrical
  • Water & Environment
  • Irrigation
  • Railways
  • International
  • Power
  • Metals
  • Mining

Awards and recognitions

  • 1999: Awarded Safety Certificate by National Aluminum Company (NALCO) for maintaining highest standards of safety while constructing a factory at Damanjodi, Odisha
  • 2002: Received “Outstanding Concrete Structure of the Year” award for Shilpakalavedika, a state-of-the-art auditorium in Hyderabad
  • 2003: Received “Outstanding Concrete Structure of the Year” award for Main Athletic Stadium, Gachibowli, Hyderabad
  • 2004: Awarded for “Excellent Aesthetics Matching with Environment” for a project encompassing flyover, bridge, pedestrian subway and allied structures at Latur, Maharashtra
  • 2005: Only construction company in India to be ranked in Forbes Asia’s 200 “Best Under a Billion” list in Asia Pacific
  • 2006: Rated as the “Fastest Growing Construction Company in India” by Construction World-NICMAR study
  • 2007: Ranked as the “2nd Largest Construction Company in India” by Construction World-NICMAR study
  • 2010: NCC’s Annual Report and Accounts for Year ended 31st March, 2009 were adjudged as “2nd best” under the category “Infrastructure & Construction Sector” by ICAI Awards for Excellence in Financial Reporting
  • 2015: National Award for “Excellence in Cost Management” for the year 2015 by The Institute of Cost Accountants of India
  • 2016: Viswakarma Awards 2016 by Construction Industry Development council (CIDC) New Delhi
  • 2018-19: NCC Ltd has received an Award for “Top 100 Best Organizations with Innovative HR Practices”
  • 2018-19: NCC Ltd has received “Telangana’s Best Employer Brand” awards at 13th Employer Branding Awards hosted by World HRD Congress & CHRO Asia
  • 2019-20: NCC Ltd consecutively for the third time received “Telangana’s Best Employer Brand” awards at 14th Employer Branding Awards hosted by World HRD Congress & CHRO Asia
  • 2019-20: NCC Ltd received “Dun & Bradstreet Best HR Practices 2019” in the functions of Talent Acquisition, Recruitment, Retention, Compensation & Benefits, Employee Engagement, Training & Development, Performance Management, Talent Management, Team Management & Leadership, Industrial Relations and CSR.
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