Rs 31,885 crore order book and DIIs increase stake: This multibagger construction company bags new orders worth Rs 1,480.34 crore!
The stock gave returns of negative 6.53 per cent in 1 year and multibagger 837 per cent in the last 5 years.
On Monday, shares of NCC Ltd jumped over 2 per cent to Rs 210 per share in early trade. Last week, the stock price surged over 10 per cent, recording the highest gains in the last 18 weeks. This rally was backed by several orders bagged by NCC Ltd. On March 23, 2025, NCC Ltd secured a major contract worth Rs 1,480.34 crore (excluding GST) for the redevelopment of Darbhanga Medical College & Hospital (DMCH) in Laheriasarai, Darbhanga. The contract was awarded by Bihar Medical Services & Infrastructure Corporation Limited (BMSICL), a domestic entity. The redevelopment project includes the construction of new hospital buildings, college infrastructure, and other essential facilities within the existing campus.
Earlier on Thursday, the company bagged another project order. The project, valued at Rs 2,129.60 crore (excluding GST), involves the construction of roads, drains, water supply systems, sewage networks, utility ducts for power and ICT, a reuse water pipeline, and avenue plantation in Zone-12 villages of Amaravati. The contract has been awarded on a lump sum (percentage tender) basis.
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According to the company’s disclosure, the contract execution will take three years, followed by a Defects Liability Period (DLP) of two years. The order is classified as a 'Major Order' under NCC’s internal policies, which label contracts above Rs 1,000 crore as significant.
The company posted its Quarterly Results of December 2024. The revenue of the company for Q3FY24 stood at Rs 5,345 crore, which increased by 1.61 per cent YoY. The operating profit of the company stood at Rs 441 crore, while the PAT of the company stood at Rs 206 crore, which was Rs 231 crore in the same quarter of the previous year.
As of December 2024, the shareholding pattern shows promoters holding 22.02 per cent, FIIs at 18.13 per cent, DIIs at 14.17 per cent, and the public at 45.68 per cent. There is a notable decline in FII holdings from 20.86 per cent in the previous quarter to 18.13 per cent, while DII holdings have increased from 12.34 per cent to 14.17 per cent.
NCC Ltd is a Hyderabad-based construction company engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways. Apart from executing projects across India, the company has a presence in the Middle East through its subsidiaries in Muscat and Dubai. NCC also has interests in road and energy projects through its 62.1 per cent-owned subsidiary NCC Infrastructure Holdings Limited and in real estate through its 80 per cent owned subsidiary NCC Urban Infrastructure. The company has an order book of Rs 61,796 crore.
The stock gave returns of negative 6.53 per cent in 1 year and multibagger 837 per cent in the last 5 years. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.