Debt free PSU stock with Rs 64,000 crore order book and 350 per cent returns: LIC-backed multibagger stock bags new order worth Rs 36.15 crore!

Shares of the company have gained more than 100 per cent in the last six months.

NBCC (India) Limited has been awarded a contract to set up solar/electric water heating systems in 331 Jawahar Navodaya Vidyalayas across India. This project, valued at approximately Rs 36.15 crore, will be undertaken by Navodaya Vidyalaya Samiti. The initiative highlights NBCC's contribution to promoting renewable energy solutions in educational institutions.

Earlier, NBCC (India) Limited secured a new project for Rs 36.0 crore. The company will act as a project management consultant (PMC) for the National Institute of Technology (NIT) Patna. The project involves supervising the construction and development of an incubation centre at the institute's Bihar campus. This win demonstrates NBCC's expertise in project management within the educational sector.

The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 3,936.98 crore which increased by 42.86 per cent YoY. The operating profit of the company stood at Rs 294.65 crore, while the PAT of the company stood at Rs 141.43 crore, which increased by 24.35 per cent from last year same quarter.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The stock has delivered multibagger returns of over 350 per cent in the last one year. The company has an order book worth more than Rs 64,000 crore and LIC owns a 6.55 per cent stake in the company. Additionally, the company is debt free.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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