1:2 Bonus Share & Rs 81,000 Crore Order Book: PSU Civil Construction Company Bags 5 Orders Worth Rs 1363,48,00,000 In Just 1 Day
The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex is up by 23 per cent.
NBCC (India) Ltd Bags 5 Orders Worth Rs 1363 Crore in a Single Day
In a significant boost to its order book, NBCC (India) Limited has secured five new projects totalling Rs 1363.48 crore in just one day. These orders were received in the normal course of business and span various sectors.
Key projects include:
- Education Infrastructure:
- Upgradation of Ashram School to High School in Jaipatna, Kalahandi, Odisha (Rs 15 crore).
- Upgradation of High School to Higher Secondary School in Dhamanpur, Kalahandi, Odisha (Rs 22 crore).
- Construction of a hostel at Bijay Kumar Academy, Soharia, Bograi, Balasore, Odisha (Rs 4 crore).
- Healthcare Infrastructure:
- Expansion of the ESIC medical college and hospital in Faridabad, Haryana, with the addition of 500 beds (Rs 642.69 crore).
- Construction of a 500-bed ESIC hospital in Manesar, Gurugram, Haryana (Rs 679.79 crore).
These projects underscore NBCC's growing expertise in executing large-scale infrastructure projects across various sectors.
Furthermore, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 new fully paid-up equity share of Re 1 each for every 2 existing fully paid-up equity shares of Re 1 each to the eligible members of the company as on record date. The ex-date for bonus shares was Monday, October 07, 2024.
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About NBCC (India) Ltd
NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialize in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls. This diversified approach has positioned them as a leading construction enterprise in India.
Results
According to the Quarterly Results, the net sales increased by 11.32 per cent to Rs 2,144.16 crore and the net profit increased by 38.4 per cent to Rs 107.20 crore in Q1FY25 over Q1FY24. In its annual results, the net sales increased by 17.53 per cent to Rs 10,432.64 crore and the net profit increased by 49.54 per cent to Rs 414.27 crore in FY24 over FY24.
Order Book: The company's order book as of June 30, 2024, crosses Rs 81,000 crore. The current year target is around Rs 10,000 crore turnover at the standalone and Rs 13,000 crore at the consolidated level
As of June 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.96 per cent stake in the company. The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex is up by 23 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
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