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NBCC (India) Ltd. builts a niche business model, Research Emkayglobal

Jan 18th, 2018 3:25 pm | By | Category: LATEST NEWS

Dr. A K Mittal, CMD, NBCC, during award Confering

Dr. A K Mittal, CMD, NBCC, during award Confering


THE NEWSMAN OF INDIA.COM
NBCC (India) Ltd is one of fastest and largest growing Central Public Sector Enterprises (CPSE), which has built a niche business model, backed by stellar credentials, vast client base and exemplary execution track record. The company’s unique business model is underpinned by negative working capital cycle and robust return ratios (25%+).

■ NBCC’s stellar credentials and vast expertise have grabbed the government’s attention and its PWO status has helped it to win various prestigious projects over the years.

■ We believe that NBCC will report strong revenue/PAT CAGR of ~29%/30% over FY18-FY20E, led by a healthy order book of ~Rs750bn, primarily driven by the PMC business. In our view, armed with a robust balance sheet, healthy cash flow generation and limited capex, NBCC is expected to report return ratios of 28%/31% in NBCC is expected to report return ratios of 28%/31% in FY19E/FY20E.​

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