NCC has secured orders worth Rs. 8398 crores in the month of August.
Order book as on June 30 was 54110 Crores
Order inflow in July was 1919 Crores
Total backlog as on Aug 31 = 54110 + 1919 + 8398 = 64427 Crores (excluding the revenue they have booked in July & August)
They are already L1 in a JV project with JKumars (which they have acknowledged in the quarterly concall where they also mentioned that it may take few weeks for it to be signed). NCC’s share in that project is 3300 crores.
So total order book as on date is roughly around 68,000 Crores (excluding revenue booked in July & Aug)
Also, with this, they have already secured orders worth 22000 crores roughly in the first 5 months of this year against their projection of securing 25000+ Crores for entire year
This bodes very well for the company’s future (and also for other infra companies)
With all this positives, I feel the company is significantly undervalued. Would appreciate inputs from fellow Value Pickers
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