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NBCC (India) hosted a conference call on May 31, 2019. In the conference call the company was represented by Shiv Das Meena, CMD; BK Sokhey, CFO & ED Finance; Yogesh Sharma, ED Engineering and V K Chaudary, GM Finance.
Key takeaways of conference call
Order book is around Rs 75-80000 crore. Of the order book the redevelopment component is 41000 crore.
Expect not less than 25-30% revenue growth of for standalone entity and about 20-25% for consolidated entity in FY20. EBITDA margin of about 5-5.5% is likely to be sustained for FY20.
The company has awarded Rs 7000 crore worth of contracts in FY19 and about Rs 6000 crore was pending clearance for Election commission and that will be awarded within one month.
In Sarojininagar and Netajinagar the company has awarded Rs 1500 crore worth of work and another Rs 3000 crore worth of work is in advanced stage of awarding.
The company has got monetization commitment taken for about Rs 5000 crore in redevelopment project so far. The company expects further sales bookings/commitments of Rs 4000-5000 this fiscal.
Revenue from Real Estate in FY19 was about Rs 480 crore and it will be about Rs 200-250 crore in FY20
Court cases are over. Revised building plans are to be approved which is expected by next month. Revised drawing for Sarojininagar by next month. Narojinagar redrawing is submitted for clearance. About 3 more packages are lined up for 3000 crore for Netajinagar and Sarojininagar for awarding in next 3 months.
Jaypee Infra – completion of balance inventory is will entail Rs 7000 crore. The company has unsold inventory of Rs 2000 crore. And it will monetize the expressway and the 500 bed hospital in Noida, which the company. In addition the company will get pending payments and these all are enough to complete the pending work and handover.
There is no new update in case of Amarapalli Developers.
Naroji nagar 11th july is the hearing.
In Kidwai nagar the company has an unsold inventory worth about Rs 150 crore.
The operations of subsidiaries i.e. HSCL & HSCC are normalized. Expect more than 15% growth in revenue by HSCC. HSCL PAT margin improved from 3.5 to 5% in F19 and expect that trend to continue.
Income from operation of HSCC is Rs 2063 in FY19 and its PAT was Rs 49.8 crore. HSCL registered an income from operation of Rs 657 crore and a PAT of Rs 34.29 crore.
Income from deposit is passed on to the client.
Own cash as end of March 31, 2019 was NBCC was Rs 100 crore, HSCC Rs 250 crore and HSCL 300 crore.
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