NCC Q2 Review: Execution Delays Drag Performance, Says IDBI Capital Maintaining Buy - Check New Target Price

3 days ago 3

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IDBI Capital maintains a ‘BUY’ rating on NCC and revises target price, valuing the stock at 12x FY27E EPS.

07 Nov 2025, 04:41 PM IST i

07 Nov 2025, 04:41 PM IST

07 Nov 2025, 04:41 PM IST

<div class="paragraphs"><p>NCC withdrew its FY26 guidance amid execution delays and liquidity stress, with plans to revisit by March 2026.</p><p>(Photo: NCC website).</p></div>

NCC withdrew its FY26 guidance amid execution delays and liquidity stress, with plans to revisit by March 2026.

(Photo: NCC website).

NCC continues to be fundamentally strong with a record-high order book, healthy bidding pipeline of Rs 2.5 lakh crore. However, near-term execution headwinds, high unbilled revenue, and rising leverage temper the growth outlook.

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