Rs 70,000 crore order book & 63 per cent dividend announced: This multibagger civil construction company reports a 49.54 per cent jump in PAT

The stock gave multibagger returns of 250 per cent in just 1 year whereas BSE Sensex is up by 19 per cent. I

NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialize in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls. This diversified approach has positioned them as a leading construction enterprise in India.

Results

According to the Quarterly Results, the net sales increased by 43.05 per cent to Rs 4,024.50 crore and the net profit increased by 24.35 per cent to Rs 141.43 crore in Q4FY24 over Q4FY23. According to half-yearly results, the net sales increased by 30.68 per cent to Rs 6,437.11 crore and the net profit increased by 37.76 per cent to Rs 255.03 crore in H2FY24 over h2FY23. In its annual results, the net sales increased by 17.53 per cent to Rs 10,432.64 crore and the net profit increased by 49.54 per cent to Rs 414.27 crore in FY24 over FY23.

dividend Updates

The Board of Directors of NBCC (India) Limited in their Board Meeting held on Tuesday, May 28, 2024, recommended a final dividend of 63 per cent i.e. Rs 0.63 per paid-up equity share of Re 1 each (subject to deduction of TDS) for the FY 2023-24 subject to the approval of shareholders in the ensuing Annual General Meeting. The final dividend (if declared) would be paid within 30 days from the date of declaration at the AGM. 

Also Read: Multibagger penny stock at Rs 11: This civil construction company bags solar PV order worth Rs 90,34,88,913 from NTPC-SAIL Power Company Limited

Order Book: The company's order book as of March 31, 2024, crosses Rs 70,000 crore.

Earlier, NBCC Ltd is expanding into Dubai with plans to incorporate a wholly-owned subsidiary there, pending government approval. This comes after a banner year for NBCC, which achieved record highs in both new business bookings (Rs 23,500 crore) and commercial real estate sales (Rs 6,480 crore) in FY 2023-24. The company secured major projects like additional development work in Amrapali (Rs 10,000 crore), a housing redevelopment project for the Kerala State Housing Board (Rs 2,000 crore), and grain storage construction (Rs 1,500 crore). They also delivered a significant number of housing units (19,000) and are on track to deliver another 19,000 by March 2025, with a strong completion rate exceeding 95% for some projects. NBCC's overall commercial real estate sales surged to Rs 6,500 crore (up from Rs 2,100 crore) and they successfully sold over 30 lakh sq. ft. of property through e-auctions, generating a total value exceeding Rs 12,100 crore.

Today, shares of NBCC (India) Ltd gained 2.49 per cent to Rs 142.25 per share with an intraday high of Rs 145.85 and an intraday low of Rs 140.75 from its previous closing of Rs 138.80. The shares of the company saw a spurt in volume by more than 1.55 times on BSE. The company has a market cap of over Rs 25,000 crore and has been maintaining a healthy dividend payout of 35 per cent. The stock gave multibagger returns of 250 per cent in just 1 year whereas BSE Sensex is up by 19 per cent. Investors should keep an eye on this stock.

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