Rs 54,110 crore order book: This multibagger civil construction company announces quarterly results and stellar dividend; hit 52-week high!
The stock gave multibagger returns of 145 per cent in just 1 year whereas BSE Sensex Index is up by 10.10 per cent.
NCC Limited undertakes turnkey EPC contracts and BOT projects on a public-private partnership basis. The company announced Quarterly Results, dividend and a robust order book. Details below:
Results: The net sales increased by 31.89 per cent to Rs 4,380.39 crore, the operating profit increased by 29.08 per cent to Rs 435.54 crore and the net profit increased by 35.18 per cent to Rs 182.24 crore in Q1FY24 compared to Q1FY23.
Dividend: The company announced a dividend of Rs 2.20 per share equity share having a face value of Rs 2 each. The company fixed the record date for the dividend as Friday, August 25, 2023.
Order Book: The company’s order book stands at Rs 54,110 crore as of June 30, 2023 an increase of 83 per cent YoY with an order inflow of Rs 8,154 crore in Q1FY24.
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On Friday at the closing bell, shares of NCC Ltd plunged 1.81 per cent to Rs 154.80 per share from its previous closing of Rs 157.65. The stock also made a new 52-week high of Rs 162 per share. The company has a market cap of Rs 9,719 crore.
The shares of the company have a PE of 14.7x whereas the industry PE is 33.5x with an ROE of 10.5 per cent and a ROCE of 20.2 per cent. The stock gave multibagger returns of 145 per cent in just 1 year whereas BSE Sensex Index is up by 10.10 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.