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Earnings Call

NCC Earnings Call: Key Takeaways

Management is evasive, refusing all FY27 guidance despite a record ₹83,400 crore order book. Financials are deteriorating with standalone revenue down 9% YoY and margins contracting to 8.44%.

Highlights
Revenue growthStandalone revenue declined 9% YoY for the full year FY26.
MarginsEBITDA margins contracted to 8.44% from 9.21% YoY.
Order bookRecord high at ₹83,400 crore, representing a 4x book-to-bill ratio.
Demand visibilityStrong order book visibility but execution hindered by macroeconomic uncertainties.
Management confidenceExtremely cautious and defensive; refused to provide any forward guidance.

Growth

Growth is negative; standalone turnover declined 9% in FY26 due to Jal Jeevan Mission execution delays.

Outlook

FY27 Capex planned at ₹500 crore. No revenue or margin guidance provided due to global uncertainty.

Risks

Severe uncertainty in payment cycles and inflationary pressures; management refused to provide any forward-looking numbers.

Source

Earnings Call filed with NSE, NSE: NCC. Summary written with AI assistance from the document.

Read the document ↗

NCC Ltd: key numbers

Share price
₹132.82
Market cap
₹8,339 Cr
Revenue (annual)
₹20,823 Cr
Net profit (annual)
₹675.3 Cr
P/E (TTM)
11.9×Sector 33.0×
Promoter holding
23.08%+0.27% QoQ
FII holding
11.29%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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