NCC Share Price Target 2024-2030 Fundamentals & Quarterly Results

NCC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –NCC LTD is a construction oriented company where the full meaning of NCC is Nagarjuna Construction Company now being a limited liability company after itself being registered as a partnership firm. The roles of this institution are focused on construction activities pertaining to the construction of flyovers, highways, commercial structures, shopping complexes, air terminals, residential places, factories, hospitals, water supply schemes as well as several other environmental projects.NCC Share Price Target

Latest Update – NCC released their Q1 results on 06 Aug, 2024, which indicated a huge increase in the revenue as well as profit. The topline grew by 26.2% on a year-on-year basis while there was a 20.89% growth in profit when compared to same period last year’s quarter.

NCC Overview

NCC Limited was formed in 1978 and since then, it has been involved in turnkey EPC contracts and BOT projects as per Public-Private Partnership.

Company NameNCC
Listed atNSE & BSE
Head OfficeNCC House, Madhapur Hyderabad – 500081 Telangana, India
Board Of Directors
  • Mr.Hemant M Nerurkar Chairman & Ind.Director
  • Mr.Utpal Sheth Director
  • Mr.A G K Raju Executive Director
  • Mr.O P Jagetiya Independent Director
  • Mrs.Renu Challu Independent Director
  • Dr.A S Durga Prasad Independent Director
  • Mr.A A V Ranga Raju Managing Director
  • Mr.J V Ranga Raju Whole Time Director
  •  Mr.A V N Raju Whole Time Director
  • Mr.A S N Raju Whole Time Director
  • Mr.K Krishna Rao Exe. Vice President (F&A) & CFO
  • Mr.M V Srinivasa Murthy Sr. Exe.Vice President & Co. Secretary
Official Websitehttp://www.ncclimited.com/

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NCC Business Profile

NCC is involved in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways with operations in road and energy projects through 62.1% owned subsidiary NCC Infrastructure Holdings Limited, and in real estate through 80% owned subsidiary NCC Urban Infrastructure. NCC also has a presence in the Middle East with its subsidiaries based in Muscat and Dubai.

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Business Verticals

Building & Housing– Hospitals & Medical colleges, Bridges, Industrial buildings, Commercial buildings, Housing projects,  flyovers and elevated corridors and Metros,IT Parks, Shopping malls, Sports complexes.
Roads– Carriageway widening and strengthening, Highways, Highway realignment and Bypass.
Water & Environment– Underground drainages and Lift irrigation schemes, Water supply projects, Water treatment plants, Distribution networks.
Electrical– Transmission and distribution lines and substations, Project electrification etc
Irrigation– Dams & Reservoirs, Canals, Tunnels, Spillways and Aqueducts
International– Roads, Buildings and Water pipelines.
Mining– Overburden removal, Coal excavation and MDO.
Railways– Track Laying, Signaling and Communication and Railway Siding
Others– Power, Oil & Gas, Metals and Others.

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Business Network

The company has offices all over India including 13 cities like Maharashtra, Andhra Pradesh, Telangana, Karnataka, Gujarat, Uttar Pradesh, West Bengal, Tamil Nadu and others.

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Key Projects

Some of our company’s projects are Agra Lucknow Expressways in Uttar Pradesh and ESI Hospital and Medical College in Gulbarga, Karnataka followed by the Hyderabad Growth Corridor Outer Ring Road in Telangana. It also participates in infrastructure development noted by the Ministry of Defense in Arunachal Pradesh as well as the Water Supply Project within the same state famously known as Rajkot in Gujarat.

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Clientele

The company has customers such as Airports Authority of India (New Delhi), Bangalore Metro Rail Corporation, Reserve Bank of India, Nagpur Metro Rail Corporation Ltd. The list includes Ministry of Transport & Communication – Govt. of Oman, and National Highways Authority of India (NHAI).

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Subsidiaries

The Company has 35 subsidiaries as of the 31st March 2021. The Government of Jammu and Kashmir has disbanded the cable car project at Patnitop and the special purpose vehicle (SPV) namely, Patnitop Ropeway & Resorts Ltd., was closed by the decision of the court by an order on 12th November 2021 from NCLT’s Hyderabad wing, through voluntary liquidation process.”

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New Projects

a) Suburban Road Improvement Project, Mumbai
b) Rewa Water Supply Project, Madhya Pradesh 
c) Electrical Distribution Order, Lucknow 
d) Nagpur Flyover 
e) Electrical Distribution Order, Uttar Pradesh
f) Electrical Distribution, Bihar
g) Electrical Distribution -Cluster 5, Uttar Pradesh 
h) Electrical Distribution – Cluster 2, Uttar Pradesh
i) Mining – Maharashtra
j) Road Infra, Bengaluru 
k) Housing Unit, Karnataka 
l) AIIMS, Bibinagar

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NCC Fundamentals & Quarterly Results

Market Cap₹ 17,438 Cr.
Current Price₹ 278
High / Low₹ 280 / 99.6
Stock P/E23.8
Book Value₹ 106
Dividend Yield0.79 %
ROCE22.1 %
ROE11.4 %
Face Value₹ 2.00
Debt to equity0.15
Debt Capacity0.22
Debt preceding year₹ 974 Cr.
Debt₹ 980 Cr.
Reserves₹ 6,514 Cr.
EPS₹ 11.3
EPS last year₹ 11.3
Pledged percentage0.00 %
FCF Prev Ann₹ 877 Cr.
EVEBITDA9.09
Industry PE37.4
PEG Ratio7.00
Piotroski score8.00
Earnings yield9.78 %
Sales growth 5Years10.1 %

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NCC Quarterly Results

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales3,0153,4773,3213,3733,9104,9494,3804,7205,2606,485
Expenses2,7393,2083,0133,0633,5334,4843,9714,4164,7555,934
Operating Profit276269308310376465409304505551
OPM %9%8%9%9%10%9%9%6%10%8%
Other Income181873232562428282913
Interest121127111123138143132153156153
Depreciation47464850525353535352
Profit before tax126283181169242293252125325358
Tax %33%17%24%19%30%31%27%31%29%33%
Net Profit8423413713816820318486231239
EPS in Rs1.253.972.092.092.513.042.761.233.513.81

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CAGR Report

Metric10 Years5 Years3 YearsTTM (Last 12 Months)
Compounded Sales Growth11%10%38%34%
Compounded Profit Growth57%3%41%25%
Stock Price CAGR19%20%47%143%
Return on Equity7%8%9%11%

NCC Shareholding Pattern

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters +19.72%18.11%18.12%19.57%19.68%19.68%22.00%22.00%
FIIs +23.25%17.65%19.86%14.67%13.12%8.89%19.96%27.33%
DIIs +22.84%32.76%30.21%18.50%12.20%12.25%12.86%10.63%
Public +34.19%31.48%31.80%47.26%55.00%59.18%45.16%40.03%
No. of Shareholders96,3091,02,1761,22,9691,93,9762,67,9343,38,3422,87,4514,05,037

NCC Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹203.16₹248.67₹275.98
2025₹281₹265₹316
2026₹322₹303₹362
2027₹369₹347₹414
2028₹422₹396₹472
2029₹481₹452₹540
2030₹551₹518₹619

NCC Share Price Target 2025

MonthTarget
January₹281
February₹287
March₹293
April₹283
May₹274
June₹265
July₹276
August₹287
September₹298
October₹304
November₹310
December₹316

NCC Share Price Target 2026

MonthTarget
January₹322
February₹328
March₹335
April₹324
May₹313
June₹303
July₹315
August₹328
September₹341
October₹348
November₹355
December₹362

NCC Share Price Target 2027

MonthTarget
January₹369
February₹376
March₹384
April₹371
May₹359
June₹347
July₹361
August₹375
September₹390
October₹398
November₹406
December₹414

NCC Share Price Target 2028

MonthTarget
January₹422
February₹430
March₹439
April₹424
May₹410
June₹396
July₹412
August₹428
September₹445
October₹454
November₹463
December₹472

NCC Share Price Target 2029

MonthTarget
January₹481
February₹491
March₹501
April₹484
May₹468
June₹452
July₹470
August₹489
September₹509
October₹519
November₹529
December₹540

NCC Share Price Target 2030

MonthTarget
January₹551
February₹562
March₹573
April₹554
May₹536
June₹518
July₹539
August₹561
September₹583
October₹595
November₹607
December₹619

Official Website –http://www.ncclimited.com/

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