INSUBCONTINENT EXCLUSIVE:
State-owned construction firm NBCC (India) is looking for an earnings growth of over 30 per cent CAGR over the next five years, says CMD
The company has seen net sales and profit grow at CAGR over 10 per cent in last six years
For the year ended March 2018, NBCC posted a net profit of Rs 333.60 crore against Rs 176.70 crore posted for FY12
government guidelines to give priority to affordable housing in the use of land belonging to sick and loss-making central public sector
NBCC is confident of its future earnings considering a robust order book of around Rs 80,000 crore at present
The company says by the end of FY19, there will be 30 per cent topline and bottomline growth
stock halved in last nine months
The stock is down nearly 51 per cent every since to trade at Rs 70.60 on July 31.
In recent development, the company has emerged frontrunner
(India) (EPI), said an ET report
NBCC will invest around Rs 400 crore on these acquisitions
The proposed takeover will be in line with the government decision to merge public sector undertakings (PSUs) to create large state-owned
It also highlighted that the company management believes concerns over execution of Delhi redevelopment projects are overdone and the
ongoing court case would be resolved over next few weeks
A temporary halt to work would not impact targeted project awards or execution for the year
rating on NBCC with a target price of Rs 95 over next 18-24 months.
