NCC Limited — PPTs, 15-05-2025: Investor Presentation

1. Financial Highlights:

NCC Limited reported consolidated revenue of ₹22,355 crore for FY25, up 6.6% YoY, with EBITDA rising to ₹1,918 crore and PAT reaching ₹820 crore (margin 3.7%). Standalone revenue grew 5.2% to ₹19,392 crore, with EBITDA at ₹1,746 crore and PAT at ₹761 crore. The consolidated order book hit a record ₹71,568 crore, up 18.4%, fueled by strong order inflows of ₹32,888 crore (20.5% growth). Net debt remains low at ₹605 crore, maintaining a conservative debt-equity ratio of ~0.2.

2. Strategic Initiatives & Growth Drivers:

NCC is leveraging strong demand in buildings, transmission & distribution, and irrigation, targeting 10% revenue growth for FY26. The company aims to secure ₹22,000–25,000 crore in new orders while focusing on operational excellence to sustain EBITDA margins near 9%-9.25%. Investments in sustainability and safety are part of its long-term value strategy.

3. Business Developments:

The company won two major BSNL orders for the BharatNet middle-mile network project—one of its largest contracts. NCC Urban Infrastructure continues to expand its real estate portfolio with a significant 9 million sq ft pipeline across key metros.

4. Market Position & Competitive Advantage:

As the second-largest listed construction player with pan-India reach and diversified EPC operations, NCC benefits from strong design capabilities and a marquee client base. Its record order book and project execution reinforce leadership across infrastructure, roads, water, mining, and urban development sectors.

5. Investor Implications:

The expanded order book and robust bid pipeline suggest positive growth potential supported by diversification and scale. Execution risks and margin trends warrant monitoring, but disciplined operations and enhanced ESG credentials provide confidence in steady profitability and cash flow.