Rs 84,400 Crore Order Book: Civil Construction Company Bags New Orders Worth Rs 489.60 Crore From Chhattisgarh & New Delhi
The stock gave multibagger returns of 111 per cent from its 52-week low is Rs 48.39 per share.
NBCC (India) Limited has been awarded new work orders valued at approximately Rs 489.60 crore. These projects include the construction of Eklavya Model Residential Schools in various locations in Chhattisgarh, such as Bastar, Sukma, Dantewada, Narayanpur, Rajnandgaon, and Jashpur, for the Department of Tribal and Scheduled Caste, Chhattisgarh, valued at approximately Rs. 459.60 crore. Additionally, the company has been awarded the construction of a Permanent Building for the Composite Regional Centre (CRC) at Jamdoli, Agra Road, Jaipur, for the Pt. Deen Dayal Upadhyaya National Institute for Persons with Physical Disabilities (PDUNIPPD), New Delhi, valued at approximately Rs 30 crore.
Earlier, the company secured a significant project worth approximately Rs 432 crore. The company has been awarded the contract for comprehensive project management consultancy (PMC) services for the construction of a Net Zero Sustainable campus at Central University, Odisha Sunabeda. This project aligns with NBCC's commitment to sustainable development and showcases its expertise in delivering large-scale infrastructure projects.
About the Company
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.
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According to the Quarterly Results, the net sales increased by 19.50 per cent to Rs 2,458.73 crore and the net profit increased by 53 per cent to Rs 124.88 crore in Q2FY25 over Q2FY24. In its half-yearly results, the net sales increased by 16 per cent to Rs 4,602.89 crore and the net profit increased by 46 per cent to Rs 232.09 crore in H1FY25 over H1FY24.
Furthermore, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 new fully paid-up equity share of Re 1 each for every 2 existing fully paid-up equity shares of Re 1 each to the eligible members of the company as on record date. The ex-date for bonus shares was Monday, October 07, 2024.
The company's order book as of September 30, 2024, stands at Rs 84,400 crore. As of October 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock gave multibagger returns of 111 per cent from its 52-week low is Rs 48.39 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.