From the Q3 FY24 con-call

Financial Performance:

• The total order book as of the third quarter stands at 50,154 crores, with 3,660 crores attributed to smart metering projects.

• NCC’s gel-driven projects have been awarded at 16,700 crores, with 43% executed by December end and an additional 5% expected to be completed by March end.

• Revenue from operations for the 9 months excludes O&M figures, as longer O&M period turnover is not yet included in the current period.
  Current Operational Performance:

• The company is actively involved in smart metering projects, with three in progress and a healthy order book in the water space, including supply, STP, and WTP projects.

  • The gel-driven projects are underway, with 43% completed by December end, and another 5% expected to be finished by March end.
    Future Outlook:

• NCC is exploring new projects in the water space due to increased budget allocations for the water department.

• The company is also heavily involved in smart metering and is assessing IT architecture and connectivity aspects for successful project implementation.
  Other Points:

• The company has received NHAI claim money in their SPV and has made progress with documentation. They have also received a portion of the investment in the Vizag Urban project and expect additional installments before March and in April 2024.

• NCC is in advanced discussions with SBI Caps and SBI for debt financing and has mobilization advances in their contracts, ensuring funding is not a problem.

Investor presentation is up.

https://dcxindia.com/wp-content/uploads/2024/02/Investors-Presentation-Q3-FY-2023-24.pdf

The patent/patent application – Retofit tracking system is not related to Anti-drone system. A drawing from Indian Patent reveals this.

Also I have analysed to the best of my ability all the 89 patents or patent application mentioned in the reply of @vikas_sinha No one is related to Anti-drone system.

Even after spending lot of time on Indian Patents online search and WIPO I could not find remaining 41 patent or patent applications.

This looks like a dead end. We have two options now –

1. To ask the management of company to respond to assertion that company doesn’t have many patent or patent application related to anti-drone systems.

2. To hire a Patent attorney to find remaining 41 patent or patent application and then we can analyse them.

Thanks
Gaurav Agarwal

All the information provided in this post are from open sources and I may be completely wrong.