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NCC Ltd Stock Analysis

Small Cap
Evaluated by 3409 users | BSE: 500294 | NSE: NCC |
Engineering - Construction

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,...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 7.84%6.37%7.28%7.52%10.17%11.45%10.73%11.86%14.72%10.72%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5,0745,2505,7256,1178,2978,3257,8927,55912,0808,219
Y-o-Y Gr. Rt.-3.5%9%6.9%35.6%0.3%-5.2%-4.2%59.8%-32%
Adjusted EPS (Rs.) 4.160.91.4412.14.244.826.019.86.15
Y-o-Y Gr. Rt.--78.4%60%-30.6%110%101.9%13.7%24.7%63.1%-37.2%
Book Value per Share (Rs.) 62.2763.1264.6165.9757.6458.6661.9270.6278.7483.72
Adjusted Net Profit 15934.35538117236268361589375
Net Op. Cash Flow (Rs. Cr.) -251976369370514489197447345636
Debt to Cash Flow from Ops -9.882.296.046.693.883.858.012.915.773
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
NCC Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.5%-0.2%1.4%-32%
Adjusted EPS 4.4%24%8.5%-37.2%
Book Value per Share 3.37.810.66.3
Share Price 14.5% 1% -12.8% 244.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 6.871.432.261.534.087.389.413.087.61
Operating Profit Margin (%) 9.577.618.236.637.838.868.7111.3211.7812.53
Net Profit Margin (%) 3.130.650.960.621.412.833.44.784.874.56
Debt to Equity 1.040.930.90.980.620.580.460.310.420.37
Working Capital Days 347401397403326328333380289456
Cash Conversion Cycle 891008689768610011925-51
Entity Percentage Holding
Promoters 19.68%
Institutions 25.32%
Non-Institutions 55.00%
Pledged *42.7242.7241.3536.6836.3734.1829.7326.1923.2820.52
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of NCC Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that NCC Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of NCC Ltd's performance infers:

NCC Ltd earnings have grown by 24%, whereas share price has appreciated 1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of NCC Ltd share prices over the last 10 years. Here is what we found out:

NCC Ltd share price has appreciated 2.2% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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