PSU Navratna Company Bags Order Worth Rs 75 Crore from IIT Nagpur: FIIs Increased Stake in Q1, Stock Gains Over 200 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 460 per cent in the past 2 years only.
This Small-Cap PSU Maharatna company has recently been awarded a project to serve as the Project Management Consultant (PMC) for the construction and development of various infrastructure works at the Indian Institute of Information Technology (IIIT), Nagpur. The project, which will be undertaken under the EPC mode, is valued at approximately Rs 75 crore. This contract falls within the normal course of business operations for the company.
NBCC (India) Ltd 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.
On Friday, the shares of NBCC (India) Ltd shares closed the day at Rs 177.40 per share. The company’s current market capitalization stands at Rs 31,932 crore. The stock has delivered a return of over 200 per cent in just 1 year.
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As per the Quarterly Results, in the first quarter of FY25, NBCC (India) Ltd recorded a revenue of Rs 2144 crore compared to Rs 1918 crore. The operating profit for Q1 FY25 stood at Rs 92 crore. The net profit for Q1 FY25 was Rs 107 crore compared to Rs 77 crore. Looking at the annual performance, the company generated a revenue of Rs 10433 crore in FY24, compared to Rs 8876 crore in FY23. The operating profit for FY24 was Rs 517 crore, with a net profit of Rs 414 crore compared to Rs 278 crore.
Regarding the shareholding pattern, the promoters own 61.75 per cent of the company, while public or retail investors hold 24.35 per cent. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) own 4.43 per cent and 9.47 per cent, respectively.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.