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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NCC Ltd

About the Company - NCC Ltd

NCC Ltd. is a Public Limited Listed company incorporated on 22/03/1990 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L72200TG1990PLC011146 and registration number is 011146. Currently Company is involved in the business activities of Construction and maintenance of water main and line connection, water reservoirs including irrigation system (canal). Company’s Total Operating Revenue is Rs. 9930.03 Cr. and Equity Capital is Rs. 121.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingNCC House, Madhapur, Hyderabad Telangana 500081ho.secr@nccltd.in
http://www.ncclimited.com
Management
NamePosition Held
Mr. Hemant M NerurkarChairman & Ind.Director
Mr. A A V Ranga RajuManaging Director
Mr. A G K RajuExecutive Director
Mr. A S N RajuWhole Time Director
Mr. J V Ranga RajuWhole Time Director
Mr. A V N RajuWhole Time Director
Dr. A S Durga PrasadIndependent Director
Mrs. Renu ChalluIndependent Director
Mr. O P JagetiyaIndependent Director
Mr. Utpal ShethDirector

NCC Ltd. Share Price Update

Share PriceValue
Today₹218.30
Previous Day₹212.90

Basic Stock Data of NCC Ltd

Market Cap 16,280 Cr.
Current Price 259
High / Low267/88.2
Stock P/E24.2
Book Value 100
Dividend Yield0.81 %
ROCE18.7 %
ROE9.99 %
Face Value 2.00

Data Source: screener.in

Competitors of NCC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sobha Ltd 15,417 Cr. 1,6261,665/412170 2630.19 %8.32 %4.24 % 10.0
Poddar Housing & Development Ltd 65.3 Cr. 103161/80.9 1390.00 %3.95 %34.9 % 10.0
Man Infraconstruction Ltd 7,919 Cr. 213249/66.225.4 32.80.74 %32.0 %26.4 % 2.00
NBCC (India) Ltd 24,858 Cr. 138177/31.061.3 10.90.39 %26.4 %19.0 % 1.00
Prajay Engineers Syndicate Ltd 172 Cr. 24.626.6/9.80 79.60.00 %0.70 %1.63 % 10.0
Industry Average9,686.26 Cr420.9251.34105.060.26%14.27%17.23%6.60

NCC Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,7082,1272,8172,0642,5813,0153,4773,3213,3733,9104,9494,3804,720
Expenses1,4761,8712,5111,8532,3152,7393,2083,0133,0633,5334,4843,9714,416
Operating Profit232256306211266276269308310376465409304
OPM %14%12%11%10%10%9%8%9%9%10%9%9%6%
Other Income352513205118187323256242828
Interest123112123110120121127111123138143132153
Depreciation45454546474746485052535353
Profit before tax9912415175150126283181169242293252125
Tax %30%37%22%28%19%33%17%24%19%30%31%27%31%
Net Profit7078118541228423413713816820318486
EPS in Rs1.061.171.920.821.871.253.972.092.092.513.042.761.23

NCC Ltd Quarterly Chart

NCC Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,5186,9687,2729,5139,5279,0018,39112,8968,9017,94911,13815,55317,959
Expenses5,6216,1466,5148,5138,5408,3267,51811,3037,8247,03010,11014,09416,405
Operating Profit8988237581,0009876758731,5921,0779191,0281,4591,554
OPM %14%12%10%11%10%8%10%12%12%12%9%9%9%
Other Income102911051277187-231763105272144136
Interest645595654737643513460522554480478515567
Depreciation264228235277248203172193199181187203211
Profit before tax9090-2711316746219894387363635885912
Tax %24%42%138%45%51%82%37%37%19%22%22%27%
Net Profit5645-948828139568314283494646642
EPS in Rs0.991.010.060.972.170.572.819.635.524.407.919.709.54
Dividend Payout %14%14%156%41%28%70%36%16%4%18%25%23%

NCC Ltd Profit & Loss Yearly Chart

NCC Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:13%
3 Years:20%
TTM:37%
Compounded Profit Growth
10 Years:30%
5 Years:24%
3 Years:20%
TTM:32%
Stock Price CAGR
10 Years:32%
5 Years:23%
3 Years:40%
1 Year:174%
Return on Equity
10 Years:6%
5 Years:8%
3 Years:7%
Last Year:10%

NCC Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital515151111111111120120122122122126126
Reserves2,6682,6452,7153,2913,2813,3363,9624,4484,7845,0235,4546,0416,154
Borrowings5,3163,9093,9143,3903,2082,5722,0612,6912,1812,0621,3029741,439
Other Liabilities4,0344,5855,4355,7535,7215,0906,2657,4016,7246,3337,5799,4099,849
Total Liabilities12,06911,19012,11512,54512,32111,10912,40814,66013,81213,54014,45816,55017,567
Fixed Assets3,1102,8092,6082,4461,6741,0991,1581,5511,4131,4171,4431,5031,491
CWIP94172411812313152272219
Investments3626711,1081,1331,128729619475448440346352360
Other Assets7,6567,7038,3758,9559,5109,28110,60812,62111,93511,66112,66214,67315,697
Total Assets12,06911,19012,11512,54512,32111,10912,40814,66013,81213,54014,45816,55017,567

NCC Ltd Reserves and Borrowings Chart

NCC Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 711,6206348673953145866739318421,4161,100
Cash from Investing Activity -456394-67-95193376-188-61911-207-66-192
Cash from Financing Activity 398-2,007-643-643-551-818-45389-1,047-558-1,275-893
Net Cash Flow137-7512937-129-56143-105777516

NCC Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days95748864141167216971121268375
Inventory Days332335312218265290338103166180117102
Days Payable262278255175301335428328491565447393
Cash Conversion Cycle165130145107105122126-127-213-258-246-217
Working Capital Days18412513410611915015311215719412083
ROCE %9%9%9%12%12%8%12%21%13%11%12%19%

NCC Ltd Financial Efficiency Indicators Chart

NCC Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters19.68%19.68%19.68%19.68%19.68%21.11%21.99%21.99%22.00%22.00%22.00%22.00%
FIIs13.12%13.40%13.26%11.62%8.89%9.77%12.80%15.76%19.96%22.46%24.18%23.89%
DIIs12.20%12.15%11.52%12.14%12.25%11.30%13.10%12.35%12.86%12.29%11.03%10.52%
Public55.00%54.77%55.54%56.56%59.18%57.82%52.10%49.89%45.16%43.24%42.81%43.59%
No. of Shareholders2,67,9342,98,4642,84,0283,06,0673,38,3423,40,9693,25,1802,95,8842,87,4512,94,5813,29,4983,67,822

NCC Ltd Shareholding Pattern Chart

No. of NCC Ltd Shareholders

NCC Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan78597001.02130.9
Bandhan Sterling Value Fund70000001.62116.59
ICICI Prudential Multi Asset Fund68535420.41114.15
ICICI Prudential Infrastructure Fund63000002.84104.93
Tata Small Cap Fund61000001.6101.6
Bandhan ELSS Tax Saver Fund50000001.5483.28
ICICI Prudential Multicap Fund40850300.7268.04
ICICI Prudential Large & Mid Cap Fund39000000.6764.95
Quant Infrastructure Fund29800004.3949.63
Franklin Build India Fund25000002.4241.64

NCC Ltd ROCE Trend

NCC Ltd EPS Trend

NCC Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)9.777.914.405.599.63
Diluted EPS (Rs.)9.777.864.395.599.63
Cash EPS (Rs.)13.3511.147.598.5912.77
Book Value[Excl.RevalReserv]/Share (Rs.)103.3096.6889.6884.6081.12
Book Value[Incl.RevalReserv]/Share (Rs.)103.3096.6889.6884.6081.12
Revenue From Operations / Share (Rs.)247.72182.63130.35145.96214.69
PBDIT / Share (Rs.)25.5917.9516.9719.6828.69
PBIT / Share (Rs.)22.3614.8914.0016.4125.49
PBT / Share (Rs.)13.9310.385.926.5215.00
Net Profit / Share (Rs.)10.138.084.625.329.56
NP After MI And SOA / Share (Rs.)9.707.914.405.529.63
PBDIT Margin (%)10.329.8213.0113.4813.36
PBIT Margin (%)9.028.1510.7311.2411.87
PBT Margin (%)5.625.684.544.466.98
Net Profit Margin (%)4.084.423.543.644.45
NP After MI And SOA Margin (%)3.914.333.373.784.48
Return on Networth / Equity (%)9.878.615.186.8512.59
Return on Capital Employeed (%)21.0814.8814.9317.7126.97
Return On Assets (%)3.683.331.982.433.94
Long Term Debt / Equity (X)0.010.020.030.040.10
Total Debt / Equity (X)0.150.230.330.380.51
Asset Turnover Ratio (%)1.020.720.540.590.94
Current Ratio (X)1.341.371.381.331.29
Quick Ratio (X)1.201.231.221.161.13
Inventory Turnover Ratio (X)4.493.382.483.042.85
Dividend Payout Ratio (NP) (%)0.0010.114.5532.2712.51
Dividend Payout Ratio (CP) (%)0.007.292.7120.279.39
Earning Retention Ratio (%)0.0089.8995.4567.7387.49
Cash Earning Retention Ratio (%)0.0092.7197.2979.7390.61
Interest Coverage Ratio (X)3.122.292.162.173.30
Interest Coverage Ratio (Post Tax) (X)2.261.601.611.682.31
Enterprise Value (Cr.)7257.234565.986360.392883.249040.73
EV / Net Operating Revenue (X)0.460.400.800.320.70
EV / EBITDA (X)4.524.176.152.405.25
MarketCap / Net Operating Revenue (X)0.420.320.600.120.52
Retention Ratios (%)0.0089.8895.4467.7287.48
Price / BV (X)1.080.630.930.231.47
Price / Net Operating Revenue (X)0.420.320.600.120.52
EarningsYield0.090.130.050.290.08

NCC Ltd Profitability Ratios (%)

NCC Ltd Liquidity Ratios

NCC Ltd Liquidity Ratios (%)

NCC Ltd Interest Coverage Ratios (%)

NCC Ltd Valuation Ratios

Fair Value of NCC Ltd Stock

Fair Value: ₹243.72

The stock is overvalued by 5.90% compared to the current price ₹259

*Investments are subject to market risks

Strength and Weakness of NCC Ltd Stock

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -13.42, which is a positive sign.
  2. The company has higher reserves (4,138.62 cr) compared to borrowings (2,693.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (9.54 cr) and profit (367.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 18.63 and average Dividend Yield of 10.20%.
  2. The stock has a low average ROCE of 12.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 136.42, which may not be favorable.

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 NCC 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