Hold NBCC; target of Rs 223: Edelweiss

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Edelweiss' research report on NBCC

HSCL’s operations were earlier chequered due to muted revenue growth, low operating margins and net losses. The company was also burdened by INR20bn of debt. However, post restructuring by the Government of India (GoI) and acquisition by NBCC, it is now a debt free company.

Outlook

With the Delhi redevelopment projects getting launched, we expect NBCC’s execution to gather pace going ahead. Robust revenue visibility (>8x FY17E revenues), cash-rich balance sheet and healthy return ratios are key positives for NBCC. We maintain ‘HOLD’ with a target price of INR223, based on 33x FY19E EPS.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More