Centrum Broking: NCC Set For Strong Rebound; AP Recoveries Key Trigger 
Cranes and construction material stands at the construction site (Photographer Joshua Paul/Bloomberg)

Centrum Broking: NCC Set For Strong Rebound; AP Recoveries Key Trigger 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

NCC Ltd. received robust order inflows of Rs 103 billion in year-to-date FY21, surpassing its annual guidance of Rs 100 billion.

Standalone order backlog was approximately Rs 280 billion in September 2020 and present unadjusted backlog stands at Rs 328 billion (4.7 times trailing twelve months revenues).

Quality of order inflows is largely good with only the Rayalaseema Lift Irrigation Scheme order of Rs 9.6 billion (NCC’s share) at risk of delayed start.

With an level-1 position of ~ Rs 7.5 billion and peak activity season ahead of us, we expect NCC to end FY21 with a stellar order inflow of ~Rs 130-150 billion.

Click on the attachment to read the full report:

Centrum Broking NCC - Company Update .pdf

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