Rs 10,000 crore orders and Rs 55,300 crore order book: This multibagger civil construction company bags huge orders from Greater Noida Authority
The stock gave multibagger returns of 320 per cent in just 1 year whereas BSE Sensex is up by 20 per cent.
NBCC (India) Limited has obtained the in-principle approval of Greater Noida Authority for the development of unused and purchasable FAR in furtherance of existing projects of Amrapali valuing Rs 10,000 crore (approx.). The detail of 5 No. of projects is as under:
- Centurian Park, GH-05, Sector Tech Zone-IV, Greater Noida.
- Golf Homes, GH-02, Sector-4, Greater Noida.
- Leisure Park, GH-01, Tech Zone-IV, Greater Noida.
- Leisure Valley, GH-02, Tech Zone-IV, Greater Noida.
- Dream Valley, GH-09, Tech Zone-IV, Greater Noida.
Earlier, NBCC (India) Limited secured construction and renovation projects valued at Rs 369.05 crore across three states: a Rs 331.9 crore infrastructure development project for Rani Lakshmi Bai Central Agricultural University, a Rs 12.17 crore court complex and residential quarters project in Telangana, and a Rs 24.98 crore renovation and furnishing project for the Institute of Chartered Accountants of India in Noida.
Additionally, the company received an order worth Rs 560 crore from the National Institute of Technology, Sikkim. The order includes construction of a permanent campus of NIT Sikkim at Dung Dung Khamdong, Gangtok, Sikkim
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 25,000 crore.
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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.
Results: According to the Quarterly Results, the net sales increased by 13 per cent to Rs 2,413 crore and the net profit increased by 61 per cent to Rs 114 crore in Q3FY24 over Q3FY23. According to nine-month results, the net sales increased by 9 per cent to Rs 6,384 crore and the net profit increased by 104 per cent to Rs 139 crore in 9MFY24 over 9MFY23. In its annual results, the net sales increased by 13.83 per cent to Rs 8,754.4 crore and the net profit increased by 16.44 per cent to Rs 277 crore in FY23 over FY22.
Today, shares of NBCC (India) Ltd plunged 2.28 per cent to Rs 139.30 per share with an intraday high of Rs 145.60 and an intraday low of Rs 138.10. The company has been maintaining a healthy dividend payout of 44.4 per cent. In December 2023, FIIs increased their stake to 4.46 per cent compared to 4.14 per cent in September 2023 while DIIs increased their stake to 10.41 per cent compared to 10.21 per cent in September 2023
The stock gave multibagger returns of 320 per cent in just 1 year whereas BSE Sensex is up by 20 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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