Geojit's research report on NCC Ltd
NCC Limited (NCC) is one of the largest well diversified construction companies in India with having a foothold in every segment of construction sector. Q3FY18 Order book grew by 55% YoY (4.4x TTM revenue) stimulated by 210% YoY rise in fresh orders. Revenue de-grew by 2.8% due to muted execution & GST led uncertainty.
Outlook
We value standalone business at a PE of 16x FY20E earnings, real estate business & BOT projects at 1x P/B and arrive at SOTP price target of Rs138 with an Accumulate rating.For all recommendations report, click here
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