Government of India's Multibagger Navratna Company Secures Rs 44.62 Crore Project for MGIRI Wardha; Stock Price Logged 200 per cent Returns in 3 Years
With a PE ratio of 38.1x, the company trades at a premium compared to the industry PE of 26.5x. The company has ROCE of 32 per cent and ROE of 24.8 per cent.
NBCC (India) Limited, a prominent player in the Indian stock market, has recently secured a significant work order valued at approximately Rs 44.62 crore. This project involves acting as the Project Management Consultant for the construction and development of infrastructure at the Mahatma Gandhi Institute for Rural Industrialisation (MGIRI) in Wardha, under the EPC mode. As a multibagger stock, NBCC has delivered impressive multi-fold returns, with a remarkable 200.58 per cent increase over the past three years. The company's recent performance and strategic project acquisitions continue to make it an exciting pick for investors. The latest order is part of NBCC's regular business activities and adds to its robust portfolio of projects. This development is expected to further bolster NBCC's standing in the market as it continues to leverage its expertise in project management and construction.
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NBCC (India) Limited is a Navratna Enterprise under the Ministry of Housing and Urban Affairs, Government of India. The company operates across three major segments: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. As of the latest market data, NBCC's stock is priced at Rs 77.89, with a market capitalization of Rs 21,019.50 crore. Over the past three years, NBCC has achieved a substantial growth trajectory, boasting a 200.58 per cent return, categorizing it as a Multibagger stock. The company's strategic focus on infrastructure development and project management has established it as a key player in the industry, with a reputation for delivering significant returns to its investors. The company has been maintaining a healthy dividend payout of 34.9 per cent.
In the Quarterly Results of Dec-24, the revenue stood at Rs 2,826.96 crore, reflecting a YoY growth of 16.65 per cent and a QoQ increase of 14.98 per cent from Rs 2,458.73 crore in Sep-24. The net profit for Dec-24 was Rs 138.48 crore, showing a YoY growth of 25.05 per cent and a QoQ rise of 13.40 per cent from Rs 122.12 crore in Sep-24. The net profit margin for Dec-24 was 4.90 per cent, compared to 4.97 per cent in Sep-24 and 4.57 per cent in Dec-23.
For the full-year FY24 results, the revenue stood at Rs 10,432.64 crore, reflecting a growth of 17.53 per cent from Rs 8,876.37 crore in FY23. The net profit for FY24 was Rs 501.30 crore, registering a growth of 51.82 per cent from Rs 363.81 crore in FY23. The net profit margin for FY24 stood at 3.49 per cent compared to 2.70 per cent in FY23
As of December 2024, the shareholding pattern shows that promoters hold 61.75 per cent, FIIs hold 4.15 per cent, DIIs hold 8.94 per cent, and the public holds 25.15 per cent. There is a notable decline in DII holdings from 9.10 per cent in the previous quarter to 8.94 per cent, while public shareholding has increased from 25.03 per cent to 25.15 per cent.
With a PE ratio of 38.1x, the company trades at a premium compared to the industry PE of 26.5x. The company has ROCE of 32 per cent and ROE of 24.8 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.