Buy NBCC (India), target price Rs 159: Prabhudas Lilladher

NBCC (India) Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 22671.00 Crore) operating in Construction sector.

By ETMarkets.com | Updated: Apr 16, 2024, 09.21 AM IST

Promoters held 61.75 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.46 per cent, DIIs 10.41 per cent.

Prabhudas Lilladher has buy call on NBCC (India) with a target price of Rs 159. The current market price of NBCC (India) Ltd. is Rs 128.

NBCC (India) Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 22671.00 Crore) operating in Construction sector.

NBCC (India) Ltd. key Products/Revenue Segments include Income from Project Development, Income From Construction Work, Income From Real Estate Development, Other Operating Revenue for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 2471.51 Crore, up 16.08 % from last quarter Total Income of Rs 2129.10 Crore and up 12.79 % from last year same quarter Total Income of Rs 2191.24 Crore. Company reported net profit after tax of Rs 113.60 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61.75 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.46 per cent, DIIs 10.41 per cent.

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