NBCC (India)

₹41.7 0.1 | 0.1%

WEBSITE BSE:534309 NSE : NBCC 09 Jun, 13:47

Market Cap ₹7502 Cr.

Stock P/E 28.1

P/B 3.9

Current Price ₹41.7

Book Value ₹ 10.8

Face Value 1

52W High ₹44.7

Dividend Yield 1.3%

52W Low ₹ 26.7

Edit Ratio

NBCC (India) Research see more...

Overview Inc. Year: 1960Industry: Construction - Real Estate

NBCC (India) Ltd engages in project management consultancy and real estate development companies in India and internationally. The business enterprise operates through three segments: Project Management Consultancy (PMC); Engineering Procurement and Construction (EPC); and Real Estate Development. The PMC section offers offerings for various civil production initiatives, which include residential and commercial complexes, re-development of colonies, hospitals, instructional establishments, infrastructure works for security personnel, and border fencing initiatives, as well as infrastructure initiatives, together with roads, water deliver systems, storm water drainage structures, water storage solutions, and solid waste management schemes. The EPC secton executes diverse initiatives, which consist of chimneys, cooling towers, coal dealing with plants, roads, TV towers, airports, runways, and so forth.; and assignment conceptualization, feasibility research, special project reviews, engineering, tender specifications and applications overlaying basic and targeted engineering, assessment of projects, procurement, production drawings, commissioning, testing, and handing tasks offerings. The Real Estate Development section develops residential, commercial, and institutional tasks. It is likewise in the provision of post-creation renovation services; implementation of integrated steel plants; consultancy offerings inside the discipline of health centre planning, design, element engineering, quality control, venture management, and tracking, as well as procurement, deliver, installation, and commissioning of medical gadget; construction, real estate, and project management consultancy; and environment and sustainability business. The business enterprise was previously referred to as National Buildings Construction Corporation Ltd and changed its name to NBCC (India) Ltd in May 2016. NBCC (India) Ltd was founded in 1960 and is situated in New Delhi, India.

NBCC (India) Share Price

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Price

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Peer Comparison

NBCC (India) Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	2104	2667	1387	1913	2009	2441	1799	2030	2136	2790
Other Income	46	39	43	48	47	55	54	44	55	53
Total Income	2149	2707	1430	1961	2056	2496	1853	2074	2191	2843
Total Expenditure	2040	2591	1377	1861	1936	2368	1747	1941	2041	2686
Operating Profit	109	115	52	100	120	128	107	133	151	157
Interest	1	3	1	1	1	1	1	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	2
Exceptional Income / Expenses	0	0	0	0	0	-73	-111	-0	-54	-5
Profit Before Tax	107	112	50	98	117	53	-6	131	95	151
Provision for Tax	10	28	13	23	30	12	-1	34	24	37
Profit After Tax	97	84	37	75	87	41	-6	98	71	114
Adjustments	-3	-4	-1	-3	-4	-6	-0	-2	-2	-5
Profit After Adjustments	93	80	36	72	83	35	-6	95	69	108
Adjusted Earnings Per Share	0.5	0.4	0.2	0.4	0.5	0.2	-0	0.5	0.4	0.6

NBCC (India) Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	4070	4400	5826	7425	8447	9943	8087	6953	7691	8755
Other Income	135	147	136	204	325	425	451	386	364	206
Total Income	4205	4547	5962	7628	8773	10368	8538	7339	8054	8961
Total Expenditure	3831	4110	5510	7017	7996	9574	7986	6821	7483	8415
Operating Profit	374	437	453	611	776	795	552	519	571	548
Interest	24	41	39	84	187	222	249	221	179	1
Depreciation	1	2	2	5	6	4	7	6	5	5
Exceptional Income / Expenses	0	0	0	-67	-0	0	0	0	-73	-170
Profit Before Tax	349	393	409	454	584	569	297	292	315	371
Provision for Tax	92	115	120	129	189	177	197	52	77	94
Profit After Tax	257	278	289	325	396	392	100	240	238	277
Adjustments	0	0	0	29	-17	-16	-22	-14	-14	-9
Profit After Adjustments	257	278	289	355	378	375	78	226	224	266
Adjusted Earnings Per Share	1.4	1.5	1.6	2	2.1	2.1	0.4	1.3	1.2	1.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	11%	-8%	1%	0%
Operating Profit CAGR	10%	-10%	-1%	0%
PAT CAGR	-1%	-15%	-6%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	30%	24%	-14%	16%
ROE Average	14%	12%	16%	16%
ROCE Average	29%	33%	37%	31%

NBCC (India) Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	1141	1338	1541	1694	2066	1508	1450	1643	1768
Minority's Interest	0	0	1	238	154	148	156	160	170
Borrowings	0	0	5	0	0	0	0	0	0
Other Non-Current Liabilities	30	25	-27	72	388	-274	50	61	111
Total Current Liabilities	3214	3686	4203	6456	10291	11201	10471	11138	11062
Total Liabilities	4384	5050	5724	8460	12899	12588	12127	13002	13111
Fixed Assets	23	26	62	122	128	180	163	158	158
Other Non-Current Assets	55	52	102	194	604	172	1497	1507	1367
Total Current Assets	4306	4972	5560	8144	12167	12227	10454	11325	11574
Total Assets	4384	5050	5724	8460	12899	12588	12127	13002	13111

NBCC (India) Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	569	897	669	886	1443	1628	1908	1949	2516
Cash Flow from Operating Activities	-447	-155	176	605	907	638	113	456	80
Cash Flow from Investing Activities	828	-2	-36	282	-474	-209	88	151	33
Cash Flow from Financing Activities	-53	-70	-84	-502	-247	-150	-160	-41	-95
Net Cash Inflow / Outflow	328	-227	56	385	185	279	41	567	19
Closing Cash & Cash Equivalent	897	670	726	1272	1628	1908	1949	2516	2535

NBCC (India) Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	1.43	1.55	1.61	1.97	2.1	2.08	0.43	1.25	1.25
CEPS(Rs)	1.44	1.56	1.62	1.84	2.23	2.2	0.59	1.36	1.35
DPS(Rs)	0.5	0.55	1	0.82	0.84	0.65	0.14	0.47	0.5
Book NAV/Share(Rs)	6.34	7.44	8.56	9.41	11.48	8.38	8.06	9.13	9.82
Core EBITDA Margin(%)	5.88	6.58	5.43	5.49	5.34	3.71	1.25	1.91	2.7
EBIT Margin(%)	9.16	9.87	7.69	7.26	9.13	7.95	6.75	7.38	6.42
Pre Tax Margin(%)	8.58	8.93	7.02	6.12	6.92	5.72	3.67	4.2	4.09
PAT Margin (%)	6.33	6.32	4.97	4.38	4.68	3.94	1.23	3.45	3.09
Cash Profit Margin (%)	6.36	6.38	5.01	4.46	4.75	3.98	1.32	3.53	3.15
ROA(%)	0	5.9	5.37	4.59	3.71	3.07	0.81	1.91	1.82
ROE(%)	0	22.45	20.09	20.12	21.05	21.91	6.75	15.52	13.95
ROCE(%)	0	35.03	31.01	33.14	40.94	44.24	36.9	33.18	28.95
Receivable days	117.89	125.27	110.93	108.23	112.78	93.64	97.14	103.06	97.1
Inventory Days	91.43	90.91	81.3	73.61	69.77	64.08	81.26	90.84	77.47
Payable days	809.89	0	-8813.31	-6289.11	0	8139.61	0	0	0
PER(x)	7.34	41.29	39.02	43.66	45.29	31.81	37.62	37.17	29.13
Price/Book(x)	1.66	8.59	7.32	9.14	8.29	7.91	2.03	5.1	3.7
Dividend Yield(%)	3.18	0.57	1.06	0.95	0.88	0.98	0.83	1.01	1.38
EV/Net Sales(x)	0.17	2.37	1.74	1.78	1.47	0.69	-0.28	0.39	0.12
EV/Core EBITDA(x)	1.84	23.88	22.4	21.66	16	8.61	-4.1	5.22	1.55
Net Sales Growth(%)	0	8.1	32.42	27.43	13.77	17.71	-18.67	-14.02	10.6
EBIT Growth(%)	0	16.51	3.25	20.21	43.02	2.59	-30.96	-6	-3.78
PAT Growth(%)	0	8.09	3.95	12.52	21.58	-1.03	-74.5	140.42	-0.91
EPS Growth(%)	0	8.09	3.96	22.62	6.64	-0.83	-79.15	188.47	-0.6
Debt/Equity(x)	0	0	0.01	0	0	0	0	0	0
Current Ratio(x)	1.34	1.35	1.32	1.26	1.18	1.09	1	1.02	1.05
Quick Ratio(x)	1.02	1.03	0.98	1.02	1.02	0.93	0.83	0.86	0.9
Interest Cover(x)	15.84	10.5	11.43	6.38	4.13	3.56	2.19	2.32	2.76
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0

NBCC (India) Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	61.75	61.75	61.75	61.75	61.75	61.75	61.75	61.75	61.75	61.75
FII	2.04	2.97	2.91	2.86	3.09	3.31	3.43	3.3	3.36	3.43
DII	11.67	10.64	10.58	10.4	10.19	11.08	10.78	10.46	10.9	10.61
Public	24.53	24.64	24.76	24.99	24.96	23.86	24.04	24.49	23.99	24.21
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	111.16	111.16	111.16	111.16	111.16	111.16	111.16	111.16	111.16	111.16
FII	3.67	5.35	5.23	5.14	5.56	5.95	6.17	5.94	6.04	6.17
DII	21.01	19.15	19.04	18.72	18.35	19.94	19.41	18.82	19.62	19.1
Public	44.16	44.35	44.56	44.97	44.93	42.95	43.27	44.08	43.18	43.58
Others	0	0	0	0	0	0	0	0	0	0
Total	180	180	180	180	180	180	180	180	180	180

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 3.9 times its book value.
The company has delivered a poor profit growth of -6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.