Rs 57,536 crore order book & 110 per cent dividend announced: Jhunjhunwala's portfolio multibagger civil construction stock rockets 9 per cent; here’s why

The stock gave multibagger returns of 150 per cent in just 1 year whereas BSE Sensex Index is up by 18 per cent.

Nagarjuna Construction Company Limited (NCC Ltd) undertakes turnkey EPC contracts and BOT projects on a public-private partnership basis. The company announced Quarterly Results (Q4FY24), annual results (FY24), dividend and a robust order book. Details below:

Results: According to quarterly results, the net sales increased by 31 per cent to Rs 6,484.9 crore, the operating profit increased by 20 per cent to Rs 595.7 crore and the net profit increased by 21 per cent to Rs 238.3 crore in Q4FY24 compared to Q4FY23. 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.

Dividend: The company announced a dividend of Rs 2.20 per share equity share (110 per cent) having a face value of Rs 2 each.

Order Book: The company’s order book stands at Rs 57,536 crore as of March 31, 2024, an increase of 15 per cent YoY with an order inflow of Rs 27,283 crore in FY24.

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Today, shares of NCC Ltd plunged gained over 9 per cent to Rs 273.90 per share from its previous closing of Rs 251.05. The stock’s 52-week high is Rs 277.90 and its 52-week low is Rs 99.55. The company has a market cap of over Rs 17,000 crore. The shares of the company saw a spurt in volume by more than 5 times on BSE.

An ace investor, the Late Rakesh Jhunjhunwala’s portfolio owns a 10.64 per cent stake in the company as of March 2024 (After Rakesh Jhunjhunwala the stake was transferred to her wife Rekha Rakesh Jhunjhunwala). The stock gave multibagger returns of 150 per cent in just 1 year whereas BSE Sensex Index is up by 18 per cent. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.