NCC Share Price follows a Positive Track

As the trading session commenced on Tuesday, NCC share price is quoting above 5 per cent at Rs. 85.55.

NCC Limited is eyeing to exceed Rs 10,000 core in consolidated revenues, of which Rs 9,000 crore would be on a standalone basis, during the ongoing financial year, as it expects to perform well in the second half.

The company has been given a little more than Rs 8,900 crore worth of fresh orders during the first seven months as against a targeted order inflow of Rs 12,000 crore for the whole year.

While the orders already given to the company during this seven-month period make up 75 per cent of the targeted orders owing to a rise in the announcement of new projects in the infrastructure sector. The company's top line in April-September, 2016 period is registered at Rs 3,901 crore, a slight fall as compared to Rs 4,135 crore in the same six-month period the previous year.

But the management recently said, NCC would not only improve revenues over the previous year but would also hope to register a 10-12 per cent y-o-y growth over the next 3-5 years. By the end of this current fiscal, on a stand-alone basis, NCC will be a Rs 9,000 crore company and on a consolidated basis, a Rs 10,000 crore-plus company.Taking this base into account, they are confident that they can grow at 10-12 per cent y-o-y for the next three to five years. The company, possess a balance of orders worth about Rs 22,164 crore at the end of first half of the current financial year, received 40 per cent of its total orders from the buildings and roads segment accompanied by water and environment projects, which form 19 per cent or Rs 4,318 crore worth contracts of the total order book.

NCC share price touched its 52 week high value at Rs. 95.65 on 26^th Oct ’16 whereas the 52 week low value is seen at Rs. 55.90 on 12^th Feb ’16. For further details on the stock, refer to NCC share price history.