1:2 Bonus Share & Rs 84,400 Crore Order Book: Civil Construction Company Bags New Orders Worth Rs 599.35 Crore From National Health Mission, Maharashtra
The stock gave multibagger returns of 114 per cent from its 52-week low is Rs 48.39 per share.
HSCC (India) Limited, a wholly owned subsidiary of NBCC (India) Limited, has been awarded work orders totalling approximately Rs 599.35 crore. The works include the establishment and operations of Hinduhridaysamrat Balasaheb Thackeray Aapla Dawakhana in Maharashtra (Rs 259.35 crore) and the establishment of Radiation Oncology Units (Radiotherapy Units) on a turnkey basis at four districts in Maharashtra (Rs 340.00 crore).
Earlier, the company bagged a work order worth approximately Rs 213 crore for construction activities at Motilal Nehru College in New Delhi. This project will be executed in phases. Additionally, the company has been appointed as the Project Management Consultant for HUDCO's 10-acre institutional plot development in Noida Sector-62, valued at Rs 600 crore. NBCC will oversee the entire project, from inception to completion, to deliver a state-of-the-art complex spanning 8.71 lakh square feet.
About the Company
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.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
According to the Quarterly Results, the net sales increased by 19.50 per cent to Rs 2,458.73 crore and the net profit increased by 53 per cent to Rs 124.88 crore in Q2FY25 over Q2FY24. In its half-yearly results, the net sales increased by 16 per cent to Rs 4,602.89 crore and the net profit increased by 46 per cent to Rs 232.09 crore in H1FY25 over H1FY24.
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.
The company's order book as of September 30, 2024, stands at Rs 84,400 crore. As of October 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock gave multibagger returns of 114 per cent from its 52-week low is Rs 48.39 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.