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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NBCC (India) Ltd

About the Company - NBCC (India) Ltd

NBCC (India) Ltd. is a Public Limited Listed company incorporated on 15/11/1960 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1960GOI003335 and registration number is 003335. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 5546.62 Cr. and Equity Capital is Rs. 180.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringNBCC Bhawan, Lodhi Road, New Delhi Delhi 110003co.sectt@nbccindia.com
http://www.nbccindia.in
Management
NamePosition Held
Mr. Pawan Kumar GuptaChairman & Managing Director
Mrs. B K SokheyDirector - Finance
Mr. K P MahadevaswamyDirector - Commercial
Mr. Saleem AhmadDirector - Projects
Mr. Asim MisraIndependent Director
Mr. Rajeev KumarIndependent Director
Prof. Bhimrao Panda BhosaleIndependent Director
Mr. Ravi Kumar AroraGovernment Nominee Director
Mr. SanjeetGovernment Nominee Director

Basic Stock Data of NBCC (India) Ltd

Last Updated: June 25, 2024, 10:29 pm

Market Cap 28,769 Cr.
Current Price 160
High / Low177/38.1
Stock P/E59.6
Book Value 11.9
Dividend Yield0.34 %
ROCE31.6 %
ROE23.8 %
Face Value 1.00
PEG Ratio1.77

Competitors of NBCC (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bronze Infra-Tech Ltd 2.28 Cr. 1.321.32/0.862.45 3.370.00 %14.8 %17.4 % 10.0
Manav Infra Projects Ltd 13.2 Cr. 19.423.5/12.511.4 3.030.00 %41.9 %% 10.0
Alpine Housing Development Corporation Ltd 267 Cr. 154201/11277.3 45.80.00 %6.39 %4.44 % 10.0
ITD Cementation India Ltd 8,492 Cr. 496503/16031.0 87.00.15 %27.5 %20.0 % 1.00
Ansal Buildwell Ltd 92.5 Cr. 125192/66.66.37 1660.00 %13.1 %12.5 % 10.0
Industry Average15,601.17 Cr308.2831.91164.570.12%15.72%16.18%32.05

NBCC (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,5081,9969351,3031,5091,8001,3661,5561,5872,2271,4781,6221,919
Expenses1,4671,9389321,2681,4531,7371,3171,4721,5082,1371,4301,5331,816
Operating Profit42582355663498478904889102
OPM %3%3%0%3%4%4%4%5%5%4%3%5%5%
Other Income4547375240-40-6446-840371524
Interest1311111000000
Depreciation1100000001000
Profit before tax8510237859421-171306913085103126
Tax %4%24%27%23%26%1%22%24%30%26%25%17%25%
Net Profit827827666921-13994996638594
EPS in Rs0.450.430.150.360.390.11-0.070.550.270.540.350.470.52

Last Updated: April 10, 2024, 4:19 am

NBCC (India) Ltd Quarterly Chart

NBCC (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,4453,2294,0404,3965,8126,2795,9057,2455,2104,9475,5476,7367,246
Expenses3,2953,0353,8154,1085,5045,8755,5046,8695,1944,8615,3886,4316,917
Operating Profit1491942252883094044013761787159305329
OPM %4%6%6%7%5%6%7%5%0%2%3%5%5%
Other Income144110133147101891061872351738815116
Interest2124413222812850
Depreciation1112233332222
Profit before tax290302334391404488503558241244237312443
Tax %34%31%26%29%29%28%34%31%67%17%23%26%
Net Profit19020824727728735133438480202183231338
EPS in Rs1.061.151.371.541.591.951.852.130.441.121.021.281.88
Dividend Payout %22%22%24%24%42%42%45%30%30%42%49%42%

NBCC (India) Ltd Profit & Loss Yearly Chart

NBCC (India) Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:3%
3 Years:9%
TTM:15%
Compounded Profit Growth
10 Years:5%
5 Years:1%
3 Years:65%
TTM:11%
Stock Price CAGR
10 Years:26%
5 Years:19%
3 Years:49%
1 Year:242%
Return on Equity
10 Years:18%
5 Years:15%
3 Years:16%
Last Year:19%

Last Updated: May 2, 2024, 9:14 am

NBCC (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital120120120120120180180180180180180180180
Reserves6758311,0071,2041,4051,4941,6411,3851,3441,5121,5951,7351,787
Borrowings00001260000000
Other Liabilities2,8422,7783,0643,4203,8984,8435,8296,7406,2656,6676,7616,3205,837
Total Liabilities3,6373,7294,1914,7445,4356,5237,6508,3057,7898,3588,5368,2347,804
Fixed Assets23242326626564746058576564
CWIP0000000000015
Investments22416211415223110559359344334332332481
Other Assets3,3903,5434,0554,5665,1426,3537,5287,8727,3857,9668,1477,8377,254
Total Assets3,6373,7294,1914,7445,4356,5237,6508,3057,7898,3588,5368,2347,804

NBCC (India) Ltd Reserves and Borrowings Chart

NBCC (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11990-439-1541684392121205186270-215
Cash from Investing Activity 5799818-5-30145174153319245-44-162
Cash from Financing Activity -33-49-53-70-85-208-184-127-131-31-90-88
Net Cash Flow143141327-22953376203146239299135-466

NBCC (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days99941191411151271401069612110685
Inventory Days1,393
Days Payable1,807
Cash Conversion Cycle99-3201191411151271401069612110685
Working Capital Days-80-86-206-0-11-9-38-139-153-146-107
ROCE %39%35%34%35%28%30%29%33%16%16%20%26%

NBCC (India) Ltd Financial Efficiency Indicators Chart

NBCC (India) Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%
FIIs2.04%2.97%2.91%2.86%3.09%3.31%3.43%3.31%3.36%3.43%3.84%4.14%
DIIs11.67%10.64%10.58%10.40%10.19%11.08%10.78%10.46%10.90%10.61%10.33%10.21%
Public24.53%24.64%24.76%24.99%24.96%23.86%24.04%24.49%24.00%24.21%24.09%23.89%
No. of Shareholders4,12,2904,70,0115,18,3225,30,6125,30,6075,49,6705,45,7835,39,9085,29,5505,28,2985,09,8795,56,080

NBCC (India) Ltd Shareholding Pattern Chart

No. of NBCC (India) Ltd Shareholders

NBCC (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India CPSE ETF44,884,2331.24341.57434,7522024-06-2410224.1%
ICICI Prudential Bharat 22 ETF8,669,3490.5165.96434,7522024-06-241894.09%
HDFC Large and Mid Cap Fund - Regular Plan1,288,0000.079.8434,7522024-06-24196.26%
Nippon India Nifty Smallcap 250 Index Fund434,7520.43.31434,7522024-06-240%
Motilal Oswal Nifty Smallcap 250 Index Fund265,6540.392.02434,7522024-06-24-38.9%
Taurus Flexi Cap Fund259,6050.671.98434,7522024-06-24-40.29%
SBI Nifty Smallcap 250 Index Fund207,5500.41.58434,7522024-06-24-52.26%
Taurus Discovery (Midcap) Fund132,7140.941.01434,7522024-06-24-69.47%
ICICI Prudential Nifty Smallcap 250 Index Fund109,5350.40.83434,7522024-06-24-74.81%
HDFC NIFTY Smallcap 250 ETF55,9640.390.43434,7522024-06-24-87.13%

NBCC (India) Ltd ROCE Trend

NBCC (India) Ltd EPS Trend

NBCC (India) Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)2.231.481.251.230.43
Diluted EPS (Rs.)2.231.481.251.230.43
Cash EPS (Rs.)2.331.821.451.490.61
Book Value[Excl.RevalReserv]/Share (Rs.)13.4011.8010.779.988.92
Book Value[Incl.RevalReserv]/Share (Rs.)13.4011.8010.779.988.92
Revenue From Operations / Share (Rs.)57.9648.6442.7337.9644.93
PBDIT / Share (Rs.)4.153.042.211.661.72
PBIT / Share (Rs.)4.123.012.191.631.68
PBT / Share (Rs.)3.102.062.151.601.65
Net Profit / Share (Rs.)2.301.541.321.310.55
NP After MI And SOA / Share (Rs.)2.231.481.251.230.43
PBDIT Margin (%)7.166.255.174.383.82
PBIT Margin (%)7.116.195.114.303.74
PBT Margin (%)5.354.235.044.203.66
Net Profit Margin (%)3.973.163.093.461.22
NP After MI And SOA Margin (%)3.843.042.913.240.96
Return on Networth / Equity (%)18.0413.7112.6813.545.39
Return on Capital Employeed (%)27.5721.1216.5113.1814.87
Return On Assets (%)3.142.071.661.680.62
Asset Turnover Ratio (%)0.810.660.570.470.49
Current Ratio (X)1.171.041.051.021.11
Quick Ratio (X)1.050.900.900.860.93
Dividend Payout Ratio (NP) (%)0.0033.7537.7110.95177.33
Dividend Payout Ratio (CP) (%)0.0028.3034.119.61153.06
Earning Retention Ratio (%)0.0066.2562.2989.05-77.33
Cash Earning Retention Ratio (%)0.0071.7065.8990.39-53.06
Interest Coverage Ratio (X)14740.65371.0070.0845.2246.28
Interest Coverage Ratio (Post Tax) (X)11792.54303.8155.7536.7015.81
Enterprise Value (Cr.)16424.741631.611057.532844.98-2107.70
EV / Net Operating Revenue (X)1.570.180.130.41-0.26
EV / EBITDA (X)21.982.982.669.50-6.81
MarketCap / Net Operating Revenue (X)2.050.720.841.230.36
Retention Ratios (%)0.0066.2462.2889.04-77.33
Price / BV (X)9.633.283.705.122.03
Price / Net Operating Revenue (X)2.050.720.841.230.36
EarningsYield0.010.040.030.020.02

NBCC (India) Ltd Profitability Ratios (%)

NBCC (India) Ltd Liquidity Ratios

NBCC (India) Ltd Liquidity Ratios (%)

NBCC (India) Ltd Interest Coverage Ratios (%)

NBCC (India) Ltd Valuation Ratios

Fair Value

Fair Value: 169.37

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.86% compared to the current price 160

Intrinsic Value: 226.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 41.54% compared to the current price ₹160

Last 5 Year EPS CAGR: 33.70%

*Investments are subject to market risks

Strength and Weakness of NBCC (India) Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 28.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -65.25, which is a positive sign.
  3. The company has higher reserves (1,355.00 cr) compared to borrowings (1.38 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (4.92 cr) and profit (365.15 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 77.92, which may not be favorable.

FAQ

What is the latest fair value of NBCC (India) Ltd?

The latest fair value of NBCC (India) Ltd is ₹169.37.

What is the Market Cap of NBCC (India) Ltd?

The Market Cap of NBCC (India) Ltd is 28,769 Cr..

What is the current Stock Price of NBCC (India) Ltd as on 25 June 2024?

The current stock price of NBCC (India) Ltd as on 25 June 2024 is ₹160.

What is the High / Low of NBCC (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of NBCC (India) Ltd stocks is 177/38.1.

What is the Stock P/E of NBCC (India) Ltd?

The Stock P/E of NBCC (India) Ltd is 59.6.

What is the Book Value of NBCC (India) Ltd?

The Book Value of NBCC (India) Ltd is 11.9.

What is the Dividend Yield of NBCC (India) Ltd?

The Dividend Yield of NBCC (India) Ltd is 0.34 %.

What is the ROCE of NBCC (India) Ltd?

The ROCE of NBCC (India) Ltd is 31.6 %.

What is the ROE of NBCC (India) Ltd?

The ROE of NBCC (India) Ltd is 23.8 %.

What is the Face Value of NBCC (India) Ltd?

The Face Value of NBCC (India) Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NBCC (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE