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ICICI Direct Report
NCC Ltd.’s order book at the end of Q1 FY23 on a standalone basis was robust at Rs 37838 crore (3.4 times order book to trailing twelve months bill ratio), largely aided by Rs 4.456 crore order inflow in Q1 FY23.
Going forward, NCC expects traction in order inflows to improve with its strong emphasis on-
buildings: affordable housing,
water: higher traction being witnessed in Jal Jeevan mission,
roads and expressways,
metro and railways and
power distribution engineering, procurement and construction.
While it refrained from order inflow guidance, it expects healthy traction. In terms of execution, while it refrained from firm guidance, it is targeting 15-20% YoY growth (versus earlier indication of 10- 15%) in topline in FY23 to be driven by-
higher executable order book and
pickup in execution with 100% operating efficiency.
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