Multibagger penny stock with Rs 55,300 crore order book: President Droupadi Murmu inaugurates tallest wooden flag post in India made by this civil construction company!

The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex is up by 16.9 per cent.

In a momentous ceremony on December 21, 2023, President Droupadi Murmu unveiled India's towering new landmark – a 120-foot wooden replica flag post built by NBCC (India) Ltd at Rashtrapati Nilayam Hyderabad. This magnificent structure, now the tallest of its kind in India, stands as a testament to NBCC's exceptional craftsmanship and swift execution. Notably, the project was completed ahead of schedule, earning the President's praise for NBCC's commendable efforts. This remarkable feat not only strengthens India's national pride but also showcases the exceptional skills and dedication of its builders.

Earlier, the company bagged multiple orders worth Rs 1,679.70 crore. Here are the details:

Order No. 1 - Construction of permanent building of composite regional centre (CRC) at Samba, Jammu, UT of J&K. The order is received from Pt. Deendayal Upadhyaya National Institute for Persons with Physical Disabilities (Divyangjan), PDUNIPPD(D) and is worth Rs 29.7 crore.

Order No. 2: Various construction and renovation work at SAIL DSP, Durgapur. The order is received from the Steel Authority of India Ltd (SAIL) and is worth Rs 150 crore.

Order No. 3: Construction of 1,469 nos. of warehouses and other agri infrastructure under the world's largest grain storage plan in the cooperative sector at various locations across India. The order is received from the National Cooperative Development Corporation (NCDC) statutory Corporation under the Ministry of Cooperation/ Primary Agriculture Cooperative Society (PACS) in various States. And is worth Rs 1,500 crore.

Order Book: The company's standalone order book stands at Rs 44,700 crore while its consolidated order book stands at Rs 55,300 crore. The consolidated new order secured in the current FY23-24 is Rs 7,094 crore. The order book is 6 per cent to 8 per cent margin.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction and Real Estate. The company has a market cap of over Rs 14,000 crore.

On Friday, shares of NBCC (India) Ltd gained 0.18 per cent to Rs 78.42 per share with an intraday high of Rs 78.94 and an intraday low of Rs 76.8. The company has been maintaining a healthy dividend payout of 44.4 per cent. The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex is up by 16.9 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.