NCC - Robust Order Backlog Provides Strong Revenue Visibility: HDFC Securities

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..HDFC Securities Retail Research.NCC Ltd. has well-diversified order book, robust execution capabilities, strong focus on debt reduction and improvement of working capital. Segment diversity across building, mining, railways, electrical, water and environment is one of the key differentiators at NCC. Company’s focus is to remain asset light coupled with strong execution and financial discipline. The company will pursue build-operate-transfer and build, own, operate, transfer projects with special focus on roads and power. NCC’s vast experience and proven execution capabilities can help leverage rising opportunities in the buildings, water infra, transportation, metros, defence and airports as the awarding momentum pickup. In the recent budget, the Finance Minister shifted the gear on capex front with major thrust on National Infrastructure Pipeline targets and various infra related schemes. We expect revenue/Ebitda/profit after tax to grow at compound annual growth rate of 15.9%/17.8%/30.4% over FY22-25E..Click on the attachment to read the full report:.Tata Motors - JLR’s Luxury Premium Positioning Largely Achieved: Motilal Oswal.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 - Robust Order Backlog Provides Strong Revenue Visibility: HDFC Securities

The management expects order inflows to gain momentum given strong emphasis in affordable housing, Jal Jeevan mission etc.

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