Rs 54,110 crore order book and 350 per cent returns: This multibagger civil construction company bags multiple new order worth Rs 4205.94 crore!
Shares of the company gained more than 40 per cent in the last six months.
NCC Limited has received three orders worth a total of Rs. 4205.94 Crores in the month of September 2023. One order of Rs. 819.20 Crores is related to the Water Division, another order of Rs. 173.19 Crores is related to the Electrical Division and the third order of Rs. 3213.55 Crores is related to the Transportation Division.
The order valuing Rs. 3213.55 Crores is the share of NCC (51%) out of the Rs. 5301.08 Crores order received by J.Kumar-NCC Joint Venture from Brihanmumbai Municipal Corporation.
NCC Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 33.75 on October 09, 2020, to Rs 158.95 on October 06, 2023, an increase of more than 350% in a three-year holding period.
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In the recent quarter, Q1FY24, on a consolidated basis, the company reported a 35.18 per cent rise in its net profit at Rs 182.24 crore for the quarter ended June 30, 2023, as compared to Rs 134.81 crore for the same quarter in the previous year. The total income of the company increased by 31.89 per cent at Rs 4380.39 crore for Q1FY24 as compared to Rs 3350.91 crore for the corresponding quarter previous year. As of Q1FY24, the company has an order book worth Rs 54,110 crore.
NCC Limited is engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways. Apart from executing projects across India, the company has a presence in the Middle East through its subsidiaries in Muscat and Dubai.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.