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500294: Record New Orders And Strong Margins Will Drive Upside Potential

Update shared on 09 Nov 2025

Fair value Decreased 2.75%
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AnalystConsensusTarget's Fair Value
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1Y
-38.0%
7D
-12.1%

Analysts have updated their price target for NCC downward from $265.69 to $258.38. They cite expectations for higher revenue growth and profit margins, as well as a rising discount rate impacting valuation.

What's in the News

  • NCC Limited received four new orders in October 2025 totaling INR 7,100 million, mainly in the Buildings and Transportation divisions (Client Announcements).
  • The company secured a major contract worth Rs. 68,289.4 million from Central Coalfields Limited for extraction and transportation of coal and overburden at Amrapali OCP in Jharkhand, with a duration of nearly eight years (Client Announcements).
  • NCC Limited received a contract from Bihar's Water Resources Department for construction of the Barner Reservoir Scheme in Jamui district. The contract is valued at INR 20,905 million and is to be completed in 30 months plus a 60-month defect liability period (Client Announcements).
  • An upcoming Board meeting on November 6, 2025 will address the approval of unaudited financial results for the second quarter and half year ending September 30, 2025 (Board Meeting).

Valuation Changes

  • Consensus Analyst Price Target has decreased from ₹265.69 to ₹258.38, reflecting a modest downward revision.
  • Discount Rate has risen slightly from 15.38% to 16.03%.
  • Revenue Growth expectation has increased from 6.77% to 8.25%.
  • Net Profit Margin is projected higher, up from 4.87% to 5.00%.
  • Future P/E ratio has declined from 19.90x to 19.04x.

Disclaimer

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