This construction company is up by 4.48% in a volatile market on 10 August

5paisa Research Team 14th December 2022 - 04:23 pm

The company posted robust quarterly results.

NCC Limited was established as a partnership firm in 1978, which was subsequently converted into a limited company in 1990. The company, its subsidiaries, and Associates collectively referred to as the “Group” is engaged in the infrastructure sector and undertaking turnkey EPC contracts as well as BOT projects on Public-Private Partnership basis. The Group’s range of verticals comprises Buildings and Housing, Roads, Railways, Mining, Water and Environment, Irrigation, Power, Electrical, Metals, Oil and Gas, and International business.

On a consolidated basis, NCC Limited [NCCL] has reported a turnover of Rs 3350.91 crore (including other income) in the first quarter of the financial year 2022-23 as against Rs 2083.21 crore in the corresponding quarter of the previous year, an increase of 61% on a year-on-year basis.

The company has reported EBIDTA of Rs 307.87 crore and net profit attributable to Shareholders of the company of Rs 129.64 crore against Rs 211.25 Crore and Rs 49.95 crore, respectively reported in the corresponding quarter of the previous year. It reported Basic EPS of Rs 2.13 and Diluted EPS of Rs 2.12 for the first quarter as against Basic and Diluted EPS of Rs 0.82 in the corresponding quarter of the previous year.

On the valuation front, the stock has a P/E of 7.07x and RoE and RoCE of 9.62% and 13.32, respectively.

The stock has been gaining for the last 4 days and has risen 10.09% returns in the period. The stock has also outperformed the sector by 4.44%. The stock has a 52-week high of Rs 88.50 and a 52-week low of Rs 51.

On 10 August 2022, the shares rallied by 4.48% and at 3:07 pm the scrip the trading at Rs 66.45.

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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