NCC Ltd stock started its trading session today at Rs 106.95 and currently trades at Rs 107.40. The scrip is up around 1.3 percent in comparison to the previous closing price of Rs 106.10. It observed an intra-day high figure of Rs 108.50 showing an upside of around 2.25 percent to the previous closing levels.
In a recent filing with the exchange, the company provided an update with respect to the receipt of five new orders aggregating to Rs 1,919 crores in the month of March 2023 with majority of the order value coming from the transportation division. These orders are received from State & Central Government Agencies.
NCC Ltd is an India-based company engaged in the construction sector generating substantial sales from the Indian domestic market. It primarily operates through two major subsidiaries, NCC Urban and NCC Infra. Infrastructure projects developed by the company include roads, bridges, flyovers, water supply and environment projects, power transmission lines, and hydrothermal power projects.
Basic financial parameters such as the revenues and net profit figures have shown good improvement over the years. Revenues shifted from Rs 3,373 crores in Q2 to Rs 3,850 crores in Q3. Moreover, the net profits witnessed a shift from Rs 137 crores in Q2 to Rs 167 crores in Q3.
The profitability ratios of the company too were representing a positive scenario of the operations. Both, the ROE and ROCE improved on a YoY basis with ROE shifting from 5.61 percent in FY20-21 to 9.19 percent in FY21-22. ROCE figures improved from 11.75 percent in FY20-21 to 15.72 percent in FY21-22.
The debt to equity ratio has consistently reduced over the past four financial years with the most recent shift being from 0.4 in FY20-21 to 0.23 in FY21-22.
As per the quarter ending December 2022, promoters hold a 21.99 percent stake in the company. FIIs, showing faith, have increased their holdings from 12.8 percent in Q2 to 15.76 percent in Q3.
Written by Amit Madnani
