NBCC (India) Ltd - Stock Valuation and Financial Performance

BSE: 534309 | NSE: NBCC | Construction - Real Estate | Small Cap

NBCC (India) Share Price

88.13 -1.61 -1.79%
as on 21-Nov'24 15:47

DeciZen - make an informed investing decision on NBCC (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

NBCC (India) stock performance -

mw4me loader
P/E Ratio (SA):
59.64
Market Cap:
24,229.8 Cr.
52-wk low:
42.5
52-wk high:
139.8

Is NBCC (India) Ltd an attractive stock to invest in?

1. Is NBCC (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that NBCC (India) Ltd is a good quality company.

2. Is NBCC (India) Ltd undervalued or overvalued?

The key valuation ratios of NBCC (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is NBCC (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NBCC (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of NBCC (India):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NBCC (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 35.3%31%33.7%32.7%36.7%20.7%19.7%17.7%20.9%26.7%-
Value Creation
Index
1.51.31.51.41.70.50.50.30.61.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,4025,8126,2795,9057,2455,2104,9475,5476,7368,0518,345
Sales YoY Gr.-32%8%-6%22.7%-28.1%-5.1%12.1%21.5%19.5%-
Adj EPS 11.11.31.21.40.30.80.70.92.11.5
YoY Gr.-2.9%22.6%-4.6%14.5%-81%177.8%-9.3%32.4%136.7%-
BVPS (₹) 4.95.76.26.85.85.66.36.67.17.98.6
Adj Net
Profit
27728635133438373.2202183242574405
Cash Flow from Ops. -15416843921312051.185.7270-148367-
Debt/CF from Ops. 00.100000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.9%2.1%17.6%19.5%
Adj EPS 8.4%8.5%41.6%136.7%
BVPS5.5%6.4%8.2%11.7%
Share Price 9.9% 28.8% 44.6% 96.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
22.620.12219.122.64.712.610.613.128.318.2
Op. Profit
Mgn %
6.65.36.46.85.20.41.82.94.65.65.5
Net Profit
Mgn %
6.34.95.65.75.31.44.13.33.67.14.9
Debt to
Equity
00000000000
Working Cap
Days
283253275358309391402364296243141
Cash Conv.
Cycle
10894874937658964352127

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Sales growth is growing at healthy rate in last 3 years 17.62%

Net Profit is growing at healthy rate in last 3 years 41.61%

Sales growth is good in last 4 quarters at 20.38%

No data to display

Latest Financials - NBCC (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 1.8
TTM Sales (₹ Cr.) 8,345 10,920
BVPS (₹.) 8.6 9
Reserves (₹ Cr.) 2,055 2,158
P/BV 10.42 9.98
PE 59.64 51.16
From the Market
52 Week Low / High (₹) 42.53 / 139.83
All Time Low / High (₹) 3.50 / 139.83
Market Cap (₹ Cr.) 24,230
Equity (₹ Cr.) 270
Face Value (₹) 1
Industry PE 72.9

Management X-Ray of NBCC (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NBCC (India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,4025,8126,2795,9057,2455,2104,9475,5476,7368,051
Operating Expenses 4,1145,5045,8755,5066,8695,1954,8615,3886,4327,607
Manufacturing Costs3,8135,2315,6745,0866,1874,7264,4655,0195,9457,147
Material Costs29-68-142-7922555496410999
Employee Cost 194219234306260251235234254249
Other Costs 7812311019319616311171123112
Operating Profit 2883094043993761587159305444
Operating Profit Margin (%) 6.5%5.3%6.4%6.8%5.2%0.3%1.7%2.9%4.5%5.5%
Other Income 147137141176248307233250253284
Interest 41395470637972717485
Depreciation 2233332222
Exceptional Items 0000000-100-170-184
Profit Before Tax 391404488503558241244237312456
Tax 114117137169174161435481112
Profit After Tax 27728735133438480202183231344
PAT Margin (%) 6.3%4.9%5.6%5.6%5.3%1.5%4.1%3.3%3.4%4.3%
Adjusted EPS (₹)1.01.11.31.21.40.30.80.70.91.3
Dividend Payout Ratio (%)24%42%42%45%30%30%42%49%42%33%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,3241,5251,6741,8211,5651,5241,6921,7751,9152,139
Share Capital 120120180180180180180180180180
Reserves 1,2041,4051,4941,6411,3851,3441,5121,5951,7351,959
Minority Interest0000000000
Debt0500000000
Long Term Debt0500000000
Short Term Debt0000000000
Trade Payables1,5141,7932,5432,9942,9382,1512,1212,2202,3652,745
Others Liabilities 2,1922,3742,7043,3983,3953,7874,1964,2193,6323,280
Total Liabilities 5,0305,6966,9218,2137,8987,4628,0098,2147,9128,164

Fixed Assets

Gross Block42646869817070718085
Accumulated Depreciation1525891113151718
Net Fixed Assets26626362725957566367
CWIP 0000000018
Investments 15223110559359344334332332586
Inventories1,1551,4241,5701,6581,8321,7671,6941,5161,4081,202
Trade Receivables1,7041,8352,1872,2582,1081,3651,6391,6091,5772,210
Cash Equivalents 1,0591,1411,5531,7141,5811,7611,9912,3502,0572,231
Others Assets9331,0041,4432,4631,9472,1672,2962,3522,4741,860
Total Assets 5,0305,6966,9218,2137,8987,4628,0098,2147,9128,164

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -1541684392121205186270-148367
PBT 391404488503558241244237312456
Adjustment -156-31-5027-111-138-129-124-68-89
Changes in Working Capital -342-12979-209-196-24-14168-3868
Tax Paid -47-76-78-108-132-29-15-11-7-9
Cash Flow From Investing Activity -5-30145174153319245-44-229-486
Capex -7-10-4-1-1290-1-74
Net Investments -140-85125902646379-224-317-654
Others 142652586-10922716618195164
Cash Flow From Financing Activity -70-85-208-184-127-131-31-90-88-97
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-7-7-6-10
Dividend Paid -70-79-202-149-101-117-24-85-90-97
Others 0-6-6-35-26-80030
Net Cash Flow -22953376203146239299135-466-217
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.6220.1521.9619.0922.695.1712.5510.5512.5316.99
ROCE (%)35.2730.9933.7132.7136.7120.7219.7117.7420.9426.74
Asset Turnover Ratio0.941.0810.780.90.680.640.680.841
PAT to CFO Conversion(x)-0.560.591.250.630.310.640.431.48-0.641.07
Working Capital Days
Receivable Days1251111171371101221111078686
Inventory Days898187100881261281067959
Payable Days0-8,780-5,52204,7640007,5829,269

NBCC (India) Ltd Stock News

NBCC (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NBCC (India) on 21-Nov-2024 15:47 is ₹88.13.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:47 the market cap of NBCC (India) stood at ₹24,229.8.
The latest P/E ratio of NBCC (India) as of 21-Nov-2024 15:47 is 59.64.
The latest P/B ratio of NBCC (India) as of 21-Nov-2024 15:47 is 10.42.
The 52-week high of NBCC (India) is ₹139.8 and the 52-week low is ₹42.53.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NBCC (India) is ₹8,345 ( Cr.) .

About NBCC (India) Ltd

National Buildings Construction Corporation (NBCC) was incorporated in November 1960 as a wholly owned Government of India undertaking under the erstwhile Ministry of Works, Housing & Supply, which is now known as the Ministry of Urban Development (MoUD). As of the date, the President of India acting through the MoUD, GoI holds 100% of equity share capital of the company.

NBCC (India) with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce. With huge Market Capitalisation, NBCC is listed with both the Indian Stock Exchanges namely, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Business area of the company

NBCC’s areas of operation encompass three Primary Segments namely:

  • Project Management Consultancy (PMC): Executing landmark projects in diversified sectors as also Redevelopment Projects for Government.
  • Engineering Procurement & Construction (EPC): Working in a niche market and constructing Chimneys, Cooling Towers for Power Sector.
  • Real Estate Development: Developing Residential and Commercial inventories for Governments and the Public at large

Awards

2012-13:

  • Indian Buildings Congress (IBC) Awards for Excellence in Built Environment 2012-13
  • Commendation Certificate awarded for Indian Institute of Corporate Affairs (IICA), Manesar, Haryana
  • Golden Peacock Award 2013 in Occupational Health & Safety
  • Indian Green Building Council Award 2013
  • The Special Jury Governance Now PSU Awards 2013
  • Engineering Watch Jury Choice Award for Operation Excellence and Special Mention Awards 2013
  • The Super Boss of the Year Award 2013- Star Group
  • Real Estate Company of the Year Award 2013 for Outstanding Contribution in Infrastructure.

2013-14:

  • Golden Peacock Occupational Health & Safety Awards 2013 by Institute of Directors (IOD)
  • IGBC Award 2013 by Confederation of Indian Industry
  • Real Estate Awards 2013 by World Wide Achievers
  • Largest Green Complex awarded IGBC Silver Rating
  • CIDC Vishwakarma Awards 2014

2014-15:

  • Dalal Street PSU Award 2015 - “Best Wealth Creator Amongst Listed PSEs Award”
  • The Swachh Bharat Ratna Award – 2015
  • CIDC Vishwakarma Awards 2015
  • The Best Stall Award at UCCI Expo -2015
  • India Public Sector Enterprises Award
  • Construction World Global Awards 2014
  • Real Estate Awards 2014
  • SCOPE Felicitation for attaining Navratna Status
  • Dun & Bradstreet Infra Awards 2014
  • Golden Peacock Award 2014 for Excellence in Corporate Governance
  • Golden Global Achievers Award 2014
  • NAREDCO National Real Estate Awards 2014
  • Arch of Excellence Award 2014

2015-16:

  • World Business leader Award at the BIZZ 2016 by World Confederation of Business.
  • Gold Award in construction Sector at 15th Annual Greentech Safety Award 2016.
  • Golden Peacock Business Excellence Award 2016 by Institute of Directors (IOD)
  • Governance Now PSU Awards 2015
  • Gold Trophy Award for its Pavilion- Smart Hub at IITF 2015.

2016-17:

  • Excellence in Built Environment 2014-15 by the Indian Buildings Congress for the National Museum for Indian Cinema (NMIC), Mumbai 
  • The Dun & Bradstreet PSU Awards 2016 under the 'Contract and Construction Services Sector category.

2017-18:

  • Hindustan Ratna PSU Award 2017 conferred upon NBCC (India) Ltd. under the category “Excellence in Innovation” by Hindustan Times Media on April 12, 2017 in New Delhi.
  • Construction Times Builders Award 2017 conferred upon NBCC by Construction Times Magazine on May 23, 2017 in Mumbai.
  • HR Corporate Award 2017-18 was conferred upon NBCC (India) Limited by Institute of Public Enterprise (IPE) on June 05, 2017 in Hyderabad.
  • CII Industrial Innovation Award 2017, one of the most coveted Innovation Awards in India was conferred upon NBCC (India) Ltd. under the category “Most Innovative Company of the Year” by Confederation of Indian Industry (CII) on October 24, 2017 in New Delhi.
  • IEI Industry Excellence Award conferred upon NBCC under the category “Engineering Services and Consultancy” by Institution of Engineers (India) on December 21, 2017 in Chennai

2018-19:

  • Global Safety Award 2019 was conferred upon NBCC for constructing the state-of-art Central Information Commission (CIC) office building in Delhi.
  • Top Rankers Excellence Award was conferred upon NBCC for Organizational Excellence for its overall performance.
  • North India Best Employer Brand Award 2018 was conferred upon NBCC by Employer Branding Institute in Delhi.
  • Organisational Excellence Award 2018 was conferred upon NBCC by Project Management Associates (PMA) for innovation, planning, performance excellence and outstanding leadership at various organizational levels.
  • Dun & Bradstreet (D& B) PSU Award 2018 was conferred upon NBCC under the category “Contract, Construction & Technical Consultancy Services”.
  • Dainik Jagran CSR Award 2019 was conferred upon NBCC for working on principles of environment conservation and incorporating green initiative in its projects.
  • Achievement Award for Best Construction Project was bestowed upon NBCC for constructing the office building of the Central Information Commission and Dr. Ambedkar International Centre, in New Delhi.

2019-20:

  • NBCC (India) Ltd. has been conferred the 19th Annual Greentech Environment Award 2019 in July 2019, for Central Information Commission (CIC) Building Project implemented by NBCC.
  • NBCC received IGBC GREEN BUILDING PLATINUM RATING for SPG Project Dwarka Delhi, on September 27, 2019.
  • NBCC Recognized for Excellence in Training & Development and presented ‘Best in Class for Training & Development’ by the Congress in recognition of its outstanding contribution in Training & Development of Human Resources and in the growth of the Company under various business verticals.
  • For Outstanding Achievement in HR Management, NBCC has been conferred Apex India HR Excellence Award 2019 for Training Excellence by Apex India Foundation.

Milestones

  • 1960: Incorporation
  • 1977: Footprints in overseas market
  • 1988: Diversified into real estate sector
  • 2008: Became debt free
  • 2012: Launched IPO & accorded miniratna status
  • 2014: Accorded Navratna Status & First Subsidiary NSL
  • 2018: All time high orderbook
  • 2020: NBCC (India) has signed a memorandum of understanding (MoU) with Delhi Transport Corporation (DTC) for development of various land parcels in the national capital.
  • 2020: NBCC gets NCLT’s nod to acquire Jaypee Infratech
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