NCC - At All-Time High Order Book: Geojit

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.NCC Ltd. is one of the largest, well diversified construction companies in India, with a foothold in every segment of the construction sector.NCC reported a top-line growth of 30% YoY, backed by its strong execution in Jal Jeevan Mission projects (30% of revenue).Ebitda margin improved by 41 basis points YoY to 9.9% in Q1 FY24, principally due to higher execution and moderation in input prices. NCC expects margins to improve to 10% in FY24, led by a better gross margin.In Q1 FY24, order inflows increased by 83% YoY, taking the total order book to an all time high of Rs 54,110 crore (3.8 times trailing twelve months revenue), providing strong revenue visibility in the coming years.With a strong order book, the company has guided for revenue growth of 20%/15% for FY24/FY25, respectively.With a pick-up in execution and benign input prices, we increase the FY24/FY25 earnings estimates by 5%/10%, respectively.We reiterate 'Buy' rating on NCC and value the stock at a price/earning of 11.5 times on FY25E earnings per share with a target price of Rs 184..Click on the attachment to read the full report:.Coforge Shares Gain As Over 25% Equity Changes Hands In Large Trade.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

NCC - At All-Time High Order Book: Geojit

In Q1 FY24, order inflows increased by 83% YoY, taking the total order book to an all time high of Rs 54,110 crore.

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