Goal toh ekdum Next Level hai!
Dekho, NBCC (India) Ltd ne ekdum bada target set kiya hai. FY26 tak ₹14,000-15,000 Crore ka revenue hoga, fir FY27 mein ₹18,000-19,000 Crore aur finally FY28 tak toh ₹25,000 Crore tak pahunchna hai! FY25 mein toh unka income ₹12,272.99 Crore tha. Yeh sab karna hai bade real estate projects se aur international expansion se. Ghitorni mein jo 32-acre wala project hai, usse ₹8,500 Crore aa jayenge. Delhi ke 7 colonies redevelopment se already ₹14,800 Crore commercial sales se mil chuke hain, aur Goa mein ₹10,000 Crore ke contracts hain. Ab toh Dubai mein bhi entry maari hai, land khareedi hai AED 15 million (matlab lagbhag ₹37 Crore) mein.
Order Book toh bhara hua hai, par Raste mein Rukeavat?
Company ka order book bhi mast hai, ₹1.26 lakh Crore se zyada ka. Government bhi urban renewal par focus kar rahi hai toh faayda mil sakta hai. Par yaar, pehle bhi projects ke approvals mein late hota raha hai, jisse revenue late hua. Analyst log keh rahe hain ki EPS estimates kam kar diye hain FY27 ke liye, iska matlab hai profitability par pressure aa sakta hai.
Valuation aur Peers comparison
Abhi NBCC ka P/E ratio lagbhag 33.36 hai. Yeh DLF (46.95) se kam hai, lekin Macrotech Developers (20.83) aur Godrej Properties (26.22) se zyada hai. Unki market cap lagbhag ₹22,415 Crore hai. Stock mein 3.91% ka jump aaya tha October 28, 2024 ko jab Goa mein ₹1,726 Crore ke contracts mile the.
Aage kya?
Overall, revenue toh badhta dikh raha hai, lekin execution aur profit margins ko lekar thoda sawaal hai. Company ko approvals aur project completion time par manage karna hoga. Dubai aur dusre states mein bhi plans hain, dekhte hain yeh kaise work karte hain.