Buy NCC, target price Rs 108: Prabhudas Lilladher

Prabhudas Lilladher has buy call on NCC with a target price of Rs 108. The current market price of NCC is Rs 93.58. Geojit Financial Services recommended to keep stop loss at Rs 87.

NCC, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 5876.64 Crore) operating in Construction sector.

NCC key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 3903.73 Crore, up 14.65 % from last quarter Total Income of Rs 3405.00 Crore and up 28.72 % from last year same quarter Total Income of Rs 3032.84 Crore. Company has reported net profit after tax of Rs 166.92 Crore in latest quarter.

The company’s top management includes Mr.Hemant M Nerurkar, Mr.O P Jagetiya, Mrs.Renu Challu, Dr.A S Durga Prasad, Mr.A V N Raju, Mr.J V Ranga Raju, Mr.A S N Raju, Mr.A G K Raju, Mr.A A V Ranga Raju, Mr.Utpal Sheth. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2022, the company has a total of 63 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 21.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 15.76 per cent, DIIs 12.35 per cent.