Rs 52,626 crore order book: Rakesh Jhunjhunwala's portfolio multibagger civil construction stock bags new orders worth Rs 1,236 crore from State Government Agencies
The stock is up by 90 per cent in just 1 year and gave multibagger returns of 335 per cent in 2 years.
NCC Limited has received orders valuing Rs 1,236 crore (Excluding GST) in the month of August 2024. The orders are related to the irrigation division and others. These orders are received from state government agencies and do not include any internal orders.
NCC Limited undertakes turnkey EPC contracts and BOT projects on a public-private partnership basis.
Consolidated Results: The company has reported a turnover of (Rs 5,558.33 crore (including other income) on a consolidated basis in the first quarter of the financial year 2024-25 as against Rs 4,406.72 crore in the corresponding quarter of the previous year, an increase of 26.7 per cent on a year-on-year basis. The Company has reported EBIDTA of Rs 409.21 crore and (Rs 173.54 crore respectively in the corresponding quarter of the previous year.
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In its annual results, the net sales increased by 34 per cent to Rs 20,845 crore, the operating profit increased by 18 per cent to Rs 1,894.8 crore and the net profit increased by 16 per cent to Rs 735.1 crore in FY24 compared to FY23. The company’s order book stands at Rs 52,626 crore as of June 30, 2024.
On Monday, shares of NCC Ltd plunged gained 0.81 per cent to Rs 321.80 per share from its previous closing of Rs 319.20. The stock’s 52-week high is Rs 364.50 and its 52-week low is Rs 136.55. The company has a market cap of over Rs 20,000 crore. An ace investor, the Late Rakesh Jhunjhunwala’s portfolio owns a 12.48 per cent stake in the company as of June 2024 (After Rakesh Jhunjhunwala the stake was transferred to her wife Rekha Rakesh Jhunjhunwala).
The stock is up by 90 per cent in just 1 year and gave multibagger returns of 335 per cent in 2 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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