NCC Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 1908.82 Crore) operating in Construction sector.
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1297.60 Crore, down 44.41 % from last quarter Sales of Rs 2334.41 Crore and down 44.71 % from last year same quarter Sales of Rs 2346.98 Crore. The Company reported net profit after tax of Rs 17.08 Crore in latest quarter.
The brokerage expects removal of lockdown and benign base to result in a relatively resilient quarter for NCC, notwithstanding extended monsoon and lower labour availability. It expects topline to de-grow 5% YoY to Rs 1645 crore. EBITDA margins are expected to contract 150 bps YoY to 12% due to negative operating leverage. NCC booked Rs 44.2 crore in ‘other income’ as profit against sale of land and made provisions worth Rs 16.5 crore for impairment of investment in Q2FY20. Therefore, reported PAT is expected to decline 41.5% YoY to Rs 46.9 crore. Key Monitorable: Management commentary on order inflows, execution, status on Andhra Pradesh orders, receivables and net debt
Promoters held 19.57 per cent stake in the company as of March 31, 2020 while FIIs held 14.67 per cent, DIIs 18.51 per cent and public and others 47.26 per cent.