NCC Q4FY23 Result Update:
- Group Co.s contribute 13% to revenue.
- Order Book grown from Rs. 39361 cr to Rs. 50244 crs that is growth of 28%.
- ROCE at 15.3%. D/E at 0.15. WC Days at 107 days.
- Guidance: NCC plans to enter new segments like defense, railways, and tunneling and aims to grow by 20% in FY 2024. The company is continuously working on getting big orders from all verticals, including electrical division, tunnelling, and bulletproof trains. The debt is expected to reduce by another INR100-200 crores. The company expects a 20% growth in standalone revenue, similar order inflow, and a 50 bps improvement in net profit margin for FY ’24. The company expects 85% to 90% of revenue to come from existing orders and 10% to 15% from new projects in FY ’24. The capex for the year ’23-’24 is about INR275 crores.
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