NCC Limited, formerly known as Nagarjuna Construction Company Limited, is one of India’s leading construction and infrastructure enterprises. Founded in 1978 and headquartered in Hyderabad, NCC has established a robust presence across the country and beyond, undertaking a wide array of projects that span various sectors including buildings, water and environment, mining, transportation, power, irrigation, and real estate.
Over the past four decades, NCC has built a reputation for delivering high-quality projects on time and within budget, fostering trust and respect among its clients, financial institutions, associates, and shareholders. The company’s commitment to excellence and innovation has enabled it to successfully navigate the complexities of the construction industry and consistently achieve outstanding results.
Shareholding Patterns of NCC Ltd
Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
Promoters + | 22.00% | 22.00% | 22.00% | 22.00% | 22.00% |
FIIs + | 22.46% | 24.18% | 23.89% | 27.33% | 23.65% |
DIIs + | 12.29% | 11.03% | 10.52% | 10.63% | 11.40% |
Public + | 43.24% | 42.81% | 43.59% | 40.03% | 42.96% |
No. of Shareholders | 2,94,581 | 3,29,498 | 3,67,822 | 4,05,037 | 4,71,532 |
The shareholding patterns of NCC Ltd from June 2023 to June 2024 reflect a stable and diverse ownership structure, indicating confidence and interest from various investor groups.
Throughout this period, the promoters consistently held a 22.00% stake in the company, demonstrating a firm commitment and confidence in NCC’s long-term prospects.
Foreign Institutional Investors (FIIs) exhibited fluctuations in their holdings. In June 2023, FIIs held 22.46%, which increased to 24.18% by September 2023. However, there was a slight decrease to 23.89% in December 2023, followed by a significant rise to 27.33% in March 2024, before settling back to 23.65% in June 2024. This variability indicates active engagement and strategic adjustments by foreign investors.
Domestic Institutional Investors (DIIs) showed a decreasing trend from 12.29% in June 2023 to 10.52% in December 2023, before slightly increasing to 10.63% in March 2024 and further to 11.40% in June 2024. This pattern suggests cautious optimism among domestic institutional investors.
Public shareholding remained relatively stable, starting at 43.24% in June 2023, experiencing a minor drop to 42.81% in September 2023, and fluctuating around the 43% mark before decreasing to 40.03% in March 2024 and rebounding to 42.96% in June 2024. This stability indicates steady interest and participation from retail investors.
The number of shareholders consistently increased over the year, from 2,94,581 in June 2023 to 4,71,532 in June 2024. This growth signifies increasing interest and trust in NCC Ltd from a broadening investor base.
How to Purchase NCC Ltd Shares in India?
Below are the trading platforms that you can use to purchase NCC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
NCC Ltd Share Price Target 2024, 2025 to 2030
NCC Ltd Share Price Target 2024
When | Maximum Price | Minimum Price |
August 2024 | 351.60 | 305.74 |
September 2024 | 365.67 | 317.97 |
October 2024 | 358.50 | 311.74 |
November 2024 | 372.84 | 324.21 |
December 2024 | 376.57 | 327.45 |
In 2024, NCC Ltd’s stock prices are projected to reach a maximum of ₹351.60 and a minimum of ₹305.74 in August. By December 2024, the prices are expected to increase, with the maximum reaching ₹376.57 and the minimum at ₹327.45. This indicates a steady upward trend in NCC Ltd’s stock prices as the year progresses.
NCC Ltd Share Price Target 2025
When | Maximum Price | Minimum Price |
January 2025 | 380.33 | 292.56 |
February 2025 | 384.17 | 295.52 |
March 2025 | 392.24 | 301.72 |
April 2025 | 388.36 | 298.74 |
May 2025 | 377.05 | 290.04 |
June 2025 | 394.01 | 303.09 |
July 2025 | 386.29 | 297.14 |
August 2025 | 398.23 | 306.33 |
September 2025 | 403.01 | 310.01 |
October 2025 | 413.49 | 318.07 |
November 2025 | 423.83 | 326.02 |
December 2025 | 442.90 | 340.69 |
In 2025, NCC Ltd’s stock prices are projected to reach a maximum of ₹380.33 and a minimum of ₹292.56 in January. By December 2025, the prices are expected to rise significantly, with the maximum reaching ₹442.90 and the minimum at ₹340.69.
NCC Ltd Share Price Target 2026
When | Maximum Price | Minimum Price |
January 2026 | 456.19 | 350.91 |
February 2026 | 444.78 | 342.14 |
March 2026 | 453.68 | 348.98 |
April 2026 | 462.94 | 356.11 |
May 2026 | 458.36 | 352.58 |
June 2026 | 469.81 | 361.40 |
July 2026 | 460.60 | 354.31 |
August 2026 | 474.85 | 365.27 |
September 2026 | 484.34 | 372.57 |
October 2026 | 496.94 | 382.26 |
November 2026 | 509.36 | 391.82 |
December 2026 | 522.09 | 401.61 |
NCC Ltd Share Price Prediction 2027
When | Maximum Price | Minimum Price |
January 2027 | 527.32 | 405.63 |
February 2027 | 540.84 | 416.03 |
March 2027 | 561.93 | 432.25 |
April 2027 | 550.91 | 423.78 |
May 2027 | 534.86 | 411.43 |
June 2027 | 558.93 | 429.95 |
July 2027 | 547.97 | 421.52 |
August 2027 | 564.92 | 434.56 |
September 2027 | 584.69 | 449.76 |
October 2027 | 599.90 | 461.46 |
November 2027 | 614.89 | 473.00 |
December 2027 | 630.27 | 484.82 |
NCC Ltd Share Price Target 2028
When | Maximum Price | Minimum Price |
January 2028 | 642.87 | 494.52 |
February 2028 | 659.36 | 507.20 |
March 2028 | 685.07 | 526.98 |
April 2028 | 671.64 | 516.64 |
May 2028 | 652.08 | 501.60 |
June 2028 | 681.42 | 524.17 |
July 2028 | 668.06 | 513.89 |
August 2028 | 688.72 | 529.78 |
September 2028 | 712.82 | 548.33 |
October 2028 | 731.36 | 562.58 |
November 2028 | 749.64 | 576.65 |
December 2028 | 768.38 | 591.06 |
NCC Ltd Share Price Prediction 2029
When | Maximum Price | Minimum Price |
January 2029 | 783.75 | 602.88 |
February 2029 | 803.85 | 618.34 |
March 2029 | 835.20 | 642.46 |
April 2029 | 818.82 | 629.86 |
May 2029 | 794.97 | 611.52 |
June 2029 | 830.74 | 639.03 |
July 2029 | 814.46 | 626.50 |
August 2029 | 839.64 | 645.88 |
September 2029 | 869.03 | 668.49 |
October 2029 | 891.63 | 685.87 |
November 2029 | 913.92 | 703.01 |
December 2029 | 936.77 | 720.59 |
NCC Ltd Share Price Target 2030
When | Maximum Price | Minimum Price |
January 2030 | 955.50 | 735.00 |
February 2030 | 980.00 | 753.85 |
March 2030 | 1,018.22 | 783.25 |
April 2030 | 998.26 | 767.89 |
May 2030 | 969.18 | 745.52 |
June 2030 | 1,012.79 | 779.07 |
July 2030 | 992.94 | 763.80 |
August 2030 | 1,023.64 | 787.42 |
September 2030 | 1,059.47 | 814.98 |
October 2030 | 1,087.02 | 836.17 |
November 2030 | 1,114.19 | 857.07 |
December 2030 | 1,142.05 | 878.50 |
In 2030, NCC Ltd’s stock prices are expected to show a significant upward trend. As we step into January, the maximum price is projected to reach ₹955.50 and the minimum at ₹735.00. By December 2030, these values are anticipated to increase, with the maximum price reaching ₹1,142.05 and the minimum price at ₹878.50. This forecast suggests a robust appreciation in NCC Ltd’s stock prices throughout the year.
Financial Condition of NCC Ltd
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
Sales + | 8,901 | 7,949 | 11,138 | 15,553 | 20,845 |
Expenses + | 7,824 | 7,030 | 10,110 | 14,094 | 19,076 |
Operating Profit | 1,077 | 919 | 1,028 | 1,459 | 1,769 |
OPM % | 12% | 12% | 9% | 9% | 8% |
Other Income + | 63 | 105 | 272 | 144 | 99 |
Interest | 554 | 480 | 478 | 515 | 595 |
Depreciation | 199 | 181 | 187 | 203 | 212 |
Profit before tax | 387 | 363 | 635 | 885 | 1,061 |
Tax % | 19% | 22% | 22% | 27% | 30% |
Net Profit + | 314 | 283 | 494 | 646 | 740 |
EPS in Rs | 5.52 | 4.4 | 7.91 | 9.7 | 11.32 |
Dividend Payout % | 4% | 18% | 25% | 23% | 19% |
NCC Ltd has shown a robust financial performance over the past five years from March 2020 to March 2024. Sales have significantly increased, rising from ₹8,901 crore in March 2020 to ₹20,845 crore in March 2024, demonstrating strong growth. Correspondingly, expenses have also grown from ₹7,824 crore to ₹19,076 crore, reflecting the company’s expansion and increased operational activities. Despite this, operating profit has steadily improved from ₹1,077 crore in March 2020 to ₹1,769 crore in March 2024, though the Operating Profit Margin (OPM) decreased from 12% to 8%, indicating tighter profit margins.
Other income has been variable, peaking at ₹272 crore in March 2022 but reducing to ₹99 crore by March 2024. Interest expenses have shown a slight upward trend, from ₹554 crore in March 2020 to ₹595 crore in March 2024, while depreciation costs have remained relatively stable around the ₹200 crore mark. Profit before tax has seen a steady rise, reaching ₹1,061 crore in March 2024 from ₹387 crore in March 2020, highlighting improved profitability.
The tax rate has increased, reaching 30% in March 2024 from 19% in March 2020, impacting net profit growth. Nonetheless, net profit has more than doubled from ₹314 crore to ₹740 crore over the five-year period. Earnings per Share (EPS) have also shown positive growth, from ₹5.52 in March 2020 to ₹11.32 in March 2024, indicating better returns for shareholders. Dividend payout ratio fluctuated, peaking at 25% in March 2022 but slightly declining to 19% by March 2024. Overall, NCC Ltd’s financials reflect substantial growth in sales and profits, despite rising costs and tighter profit margins.
FAQS
What is the current share price of NCC Ltd?
As of July 24th, 2024, the share price of NCC Ltd is around INR ₹338.
What is the expected share price target of NCC Ltd by 2024?
Based on various market analyses and expert opinions, the expected share price target of NCC Ltd by 2024 is around INR 376.57.
What is NCC Ltd share price target for 2025?
As per our analysis, NCC Ltd in 2025 is expected to trade between ₹290.04 to ₹442.90.
What is NCC Ltd share price target for 2030?
As per our analysis, NCC Ltd share price target for 2030 would be somewhere between ₹735.00 and ₹1,142.05.
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Conclusion
In conclusion, NCC Limited has exhibited Strong financial growth over the past five years, with sales rising from ₹8,901 crore in March 2020 to ₹20,845 crore in March 2024, and operating profit improving from ₹1,077 crore to ₹1,769 crore. Despite a tighter Operating Profit Margin, the company’s profit before tax increased significantly, reaching ₹1,061 crore. Net profit more than doubled to ₹740 crore, and EPS improved to ₹11.32, indicating better shareholder returns. The stability in shareholding patterns and the increasing number of shareholders reflect strong investor confidence. Overall, NCC Ltd’s financial performance highlights its resilience and promising future prospects.
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