Current/ Expected Orderbook/ Pending Orders?

Current consolidated order book: INR 64,900 crores Order book split: 66% PMC, 34% redevelopment Orders under execution: Around INR 20,000 crores Expected order inflow next year: Around INR 25,000 crores Orders expected to be awarded next year: INR 12,000 to INR 15,000 crores Amrapali project pending order book: INR 1,500 crores to be executed with an additional future order of INR 10,000 crores expected Discussions ongoing with PSUs like BHEL, SAIL, HPCL, ONGC for land parcel monetization Potential large projects include redevelopment of Indian Armed Forces land parcels (Delhi 100 acres estima

Any current/future capex/capital investment/strategic investment?

NBCC is initiating a real estate venture in Dubai through a wholly-owned subsidiary, with a project cost estimated around INR 250-300 crores, targeting a minimum 20% return. They plan to start 3 real estate projects in India (Jaipur and Coimbatore) in the current year. NBCC is calling tenders for commercial property development in Jaipur and Ghaziabad, focusing on monetizing existing land parcels. Discussions and MoUs are ongoing with various PSUs (BHEL, SAIL, HPCL, ONGC) for redevelopment and land monetization projects, including large land parcels at Bhopal, Visakhapatnam, and Jammu & Kashmi

Future growth expectations in sales/revenue/volumes?

NBCC targets consolidated revenue of INR 12,500 to 13,000 crores for the next financial year. For the FY 2027-28, the company aims to achieve a minimum business volume of INR 25,000 crores. Order inflow for the next year is expected around INR 25,000 crores, with order awards between INR 12,000 to 15,000 crores. Real estate sales target for next year is INR 300 crores, up from INR 192 crores this year. The company plans to continue redevelopment projects, including a significant INR 4,000 crores Amrapali project. Overseas projects in Maldives, Mauritius, and Dubai are poised for expansion, inc

Future growth expectations in earnings/operating earnings/profits/EPS?

NBCC achieved record revenue of INR 10,433 crores in FY 23-24, with 18% YoY growth on a consolidated basis. Projected revenue for next fiscal year is between INR 12,500 crores to INR 13,000 crores. PAT margins expected around 5.5% to 6%, EBITDA margins improving by approximately 1% due to more redevelopment and real estate projects. Order inflow for next year targeted at INR 25,000 crores, with awards expected between INR 12,000-15,000 crores. Consolidated order book stands at INR 64,000 crores, with INR 20,000 crores currently under execution. Business outlook aims at sustained growth with a

NBCC (India) LtdQ4 FY24Construction

NBCC (India) Ltd Q4 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹75.51P/E: 29.8Market Cap: ₹20.4K CrSector: Construction

Management growth scorecard

Revenue

Category 3

Margin

Category 2

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

NBCC targets consolidated revenue of INR 12,500 to 13,000 crores for the next financial year.
For the FY 2027-28, the company aims to achieve a minimum business volume of INR 25,000 crores.
Order inflow for the next year is expected around INR 25,000 crores, with order awards between INR 12,000 to 15,000 crores.
Real estate sales target for next year is INR 300 crores, up from INR 192 crores this year.
The company plans to continue redevelopment projects, including a significant INR 4,000 crores Amrapali project.
Overseas projects in Maldives, Mauritius, and Dubai are poised for expansion, including a real estate venture in Dubai.
NBCC intends to sustain growth through increased PMC and redevelopment business, aiming to improve EBITDA margins by focusing on higher-margin redevelopment and real estate sales.

Margin guidance

Category 2

NBCC achieved record revenue of INR 10,433 crores in FY 23-24, with 18% YoY growth on a consolidated basis.
Projected revenue for next fiscal year is between INR 12,500 crores to INR 13,000 crores.
PAT margins expected around 5.5% to 6%, EBITDA margins improving by approximately 1% due to more redevelopment and real estate projects.
Order inflow for next year targeted at INR 25,000 crores, with awards expected between INR 12,000-15,000 crores.
Consolidated order book stands at INR 64,000 crores, with INR 20,000 crores currently under execution.
Business outlook aims at sustained growth with a minimum INR 25,000 crores business by FY 27-28.
Redevelopment projects and real estate ventures (including new projects in Jaipur, Coimbatore, and Dubai) expected to boost margins and profits.
Expansion into overseas markets and diversification into highways, railways, metro, and renewable energy sectors targeted for growth.

See what NBCC (India) Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

- The transcript and related pages do not explicitly mention any current or planned fundraising activities through debt or equity. - The focus of discussions is on business growth, order book, land monetization, redevelopment projects, and revenue/profit guidance. - There is no indication of NBCC planning to raise fresh funds via equity issuance or taking on new debt at this time. - The company highlights strong order book, existing project executions, and land monetization as financial strengths, suggesting internal cash flows are being prioritized. - No specific mention of capital raising through external markets appears in the May 31, 2024 conference call transcript or accompanying document pages. In summary, there is no information provided about any new fundraising through debt or equity by NBCC currently or in near future.

Order book

Yes

Current consolidated order book: INR 64,900 crores
Order book split: 66% PMC, 34% redevelopment
Orders under execution: Around INR 20,000 crores
Expected order inflow next year: Around INR 25,000 crores
Orders expected to be awarded next year: INR 12,000 to INR 15,000 crores
Amrapali project pending order book: INR 1,500 crores to be executed with an additional future order of INR 10,000 crores expected
Discussions ongoing with PSUs like BHEL, SAIL, HPCL, ONGC for land parcel monetization
Potential large projects include redevelopment of Indian Armed Forces land parcels (Delhi 100 acres estimated INR 3,000-4,000 crores)
BHEL land monetization orders worth INR 10,000 to 15,000 crores to be executed in phases over 5 years

See what NBCC (India) Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

NBCC is initiating a real estate venture in Dubai through a wholly-owned subsidiary, with a project cost estimated around INR 250-300 crores, targeting a minimum 20% return.
They plan to start 3 real estate projects in India (Jaipur and Coimbatore) in the current year.
NBCC is calling tenders for commercial property development in Jaipur and Ghaziabad, focusing on monetizing existing land parcels.
Discussions and MoUs are ongoing with various PSUs (BHEL, SAIL, HPCL, ONGC) for redevelopment and land monetization projects, including large land parcels at Bhopal, Visakhapatnam, and Jammu & Kashmir.
Redevelopment projects with significant revenue potential (INR 3,000-4,000 crores for Army land in Delhi; INR 10,000-15,000 crores phased monetization for BHEL).
Expansion in sectors like highways, railways, metro, renewable energy mentioned as diversification steps.
No aggressive land parcel sales; emphasis is on construction and sale of developed properties.

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