Rs 55,300 crore order book: This multibagger civil construction company receives new orders worth Rs 1,500 crore from National Cooperative Development Corporation!
The stock gave multibagger returns of 100 per cent in just 1 year whereas BSE Sensex is up by 15.7 per cent.
NBCC (India) Ltd informed that the company have received an order worth Rs 1,500 crore from the National Cooperative Development Corporation (NCDC) statutory Corporation under the Ministry of Cooperation/ Primary Agriculture Cooperative Society (PACS) in various States. The order includes the construction of 1469 nos. of warehouses and other agri infrastructure under the world's largest grain storage plan in the cooperative sector at various locations across India.
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 company has a market cap of over Rs 14,000 crore.
Results: According to the Quarterly Results, the net sales increased by 1.16 per cent to Rs 2,053.3 crore and the net profit decreased by 16.3 per cent to Rs 81.8 crore in Q2FY24 over Q2FY23. According to the half-yearly results, the net sales increased by 3.72 per cent to Rs 3,971.1 crore and the net profit increased by 73.28 per cent to Rs 159.2 crore in H1FY24 over H1FY23. In its annual results, the net sales increased by 13.83 per cent to Rs 8,754.4 crore and the net profit increased by 16.44 per cent to Rs 277 crore in FY23 over FY22.
Order Book: The company's standalone order book stands at Rs 44,700 crore while its consolidated order book stands at Rs 55,300 crore. The consolidated new order secured in the current FY23-24 is Rs 7,094 crore. The order book is 6 per cent to 8 per cent margin.
On Friday, shares of NBCC (India) Ltd plunged 0.61 per cent to Rs 82.02 per share with an intraday high of Rs 83.95 and an intraday low of Rs 81.56. The company has been maintaining a healthy dividend payout of 44.4 per cent. The stock gave multibagger returns of 100 per cent in just 1 year whereas BSE Sensex is up by 15.7 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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