Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 878.17 crore from various clients!

The stock gave multibagger returns of 280 per cent in just 1 year whereas BSE Sensex is up by 22 per cent.

NBCC (India) Ltd informed that the company has bagged 4 orders worth Rs 878.17 crore. Here are the details:

Order No – 1: Development of 17.4 acres (5 contiguous land parcels) located in Kakkanad Ernakulam District Kochi & Coine “Bliss City” from Kochi Metro Rail Limited (KMRL) worth Rs 700 crore.

Order No – 2: Construction of Boys College at Hindu College, University of Delhi, New Delhi from Hindu College, University of Delhi, New Delhi worth Rs 69.71 crore.

Order No – 3: Construction of office cum training institute for Institute of Company Secretaries of India (ICSI) at Khaitabad, Hyderabad Telangana Hyderabad from Institute of Company Secretaries of India (ICSI) worth Rs 8.62 crore.

Order No – 4: Construction of Oil India Limited’s centralized core repository with advanced laboratory facilities at Guwahati, Assam from Oil India Limited worth Rs 99.84 crore.  

Earlier, the company was awarded several significant work orders totalling Rs 491.45 crore, strengthening its project portfolio across various sectors. These projects include a Rs 112 crore multi-facility healthcare complex in Mumbai, a Rs 73 crore social security complex in Odisha, educational facility renovations in Odisha valued at Rs 13.68 crore, a Rs 130 crore residential project in New Delhi, and a Rs 40 crore green building project for the Union Bank of India. Additionally, NBCC is undertaking interior fit-out works at the World Trade Center for various clients. These projects showcase NBCC's expertise in healthcare, social infrastructure, education, residential, sustainable development, and interior fit-out works.

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About NBCC (India) Ltd

NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialize in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls. This diversified approach has positioned them as a leading construction enterprise in India.

Results

According to the Quarterly Results, the net sales increased by 43.05 per cent to Rs 4.024.50 crore and the net profit increased by 24.35 per cent to Rs 141.43 crore in Q4FY24 over Q4FY23. According to half-yearly results, the net sales increased by 30.68 per cent to Rs 6,437.11 crore and the net profit increased by 37.76 per cent to Rs 255.03 crore in H2FY24 over h2FY23. In its annual results, the net sales increased by 17.53 per cent to Rs 10,432.64 crore and the net profit increased by 49.54 per cent to Rs 414.27 crore in FY24 over FY24.

Order Book: The company's order book as of March 31, 2024, crosses Rs 70,000 crore.

Today, shares of NBCC (India) Ltd gained 9.55 per cent to Rs 156.55 per share with an intraday high of Rs 159.50 and an intraday low of Rs 148 from its previous closing of Rs 142.90. The shares of the company saw a spurt in volume by more than 2.42 times on BSE. The company has a market cap of over Rs 28,000 crore and has been maintaining a healthy dividend payout of 35 per cent. The stock gave multibagger returns of 280 per cent in just 1 year whereas BSE Sensex is up by 22 per cent. Investors should keep an eye on this stock.

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