Rs 55,548 Crore Order Book & Rs 20,187.50 Crore Orders Bagged In March 2025: Rakesh Jhunjhunwala’s Portfolio Civil Construction Stock To Keep Under Radar
The stock is up by 26.5 per cent from its 52-week low and has given multibagger returns of over 1,000 per cent in 5 years.
In March 2025, NCC Limited secured a substantial total of Rs 20,187.50 crore in new orders. This includes three major contracts: the first, from Andhra Pradesh Capital Region Development Authority, valued at Rs. 2129.60 Crore, for road and infrastructure construction in Amaravati Capital City, with a construction period of 3 years and a defect liability period (DLP) of 2 years. The second, from Bihar Medical Services & Infrastructure Corporation Limited, amounting to Rs 1,480.34 crore, involves the redevelopment of Darbhanga Medical College & Hospital, with a 42-month construction timeline and a 36-month DLP.
The third major order consists of two advance work orders from Bharat Sanchar Nigam Limited (BSNL), both dated 25th March 2025. The first, for Uttarakhand Telecom Circle, is valued at Rs 2,647.12 Crore, split into Rs 1,543.35 crore for capital expenditure (Capex) and Rs 1,103.77 crore for operational expenditure (Opex). The second, for Madhya Pradesh, DNH & DD Telecom Circles, is valued at Rs. 8,157.44 crore, with Rs 4,189.05 crore for Capex and Rs 3,968.39 crore for Opex. Both BSNL projects have a 3-year construction period and a 10-year maintenance period.
Adding to these significant contracts, NCC Limited also received additional orders totalling Rs 5,773 crore. This breakdown includes Rs 2,686 crore for the Transportation Division, Rs 2,139 crore for the Building Division and Rs 948 crore for the Water & Environment Division. All aforementioned values exclude Goods and Services Tax (GST).
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About the Company
NCC Limited, a prominent construction company established in 1978, specializes in undertaking turnkey EPC contracts and BOT projects under the Public-Private Partnership model. Their diverse portfolio encompasses the construction of roads, buildings, irrigation systems, water and environmental projects, electrical infrastructure, metal and mining facilities, and railway networks. NCC also extends its operations to the road and energy sectors through its subsidiary NCC Infrastructure Holdings Limited, and into real estate development via NCC Urban Infrastructure. Notably, the company has a significant international presence, particularly in the Middle East, with subsidiaries in Muscat and Dubai.
The company has a market cap of over Rs 13,000 crore and order book stands at Rs 55,548 as of December 31, 204. An ace investor, the Late Rakesh Jhunjhunwala’s portfolio owns a 12.48 per cent stake in the company as of December 2024 (After Rakesh Jhunjhunwala, the stake was transferred to her wife, Rekha Rakesh Jhunjhunwala).
The stock is up by 26.5 per cent from its 52-week low and has given multibagger returns of over 1,000 per cent in 5 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.