NBCC (INDIA) LIMITED
Long

NBCC IN Long

108
🇮🇳 #nbcc #invest

NBCC (India) Limited is an Indian state-owned company and a leader in the construction sector.

The company's operations are divided into three main segments:

Project Management and Consulting (PMC): This segment accounts for approximately 92% of revenue. This includes the redevelopment of old government quarters, project management in the institutional, residential, and industrial sectors, as well as infrastructure projects abroad (Mauritius, Maldives, Seychelles, and Dubai).

Engineering, Procurement, and Construction (EPC)
Real Estate Development

For the fiscal year ending March 2024, revenue was INR 106.67 billion, up 19.03% year-on-year.
The company has been debt-free for the past five years.

High multiples:
P/E 51
P/B 11
EV/EBITDA 28

OCF, FCF positive

We expect profit and revenue to continue to grow.
Dividend yield 0.6%

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