Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 100 crore from REC Ltd

The stock gave multibagger returns of over 300 per cent in just 1 year whereas BSE Sensex is up by 24 per cent.

NBCC (India) Limited was awarded a new work order valued at approximately Rs 100 crore to act as a Project Management Consultant (PMC) for the new construction and renovation of the existing RECIPMT Building at RECIPMT, Shivarampally, Hyderabad from REC Limited. This project is considered a normal course of business for NBCC.

Earlier, NBCC (India) Ltd significantly bolstered its business by securing multiple orders totalling Rs 1,369.62 crore, showcasing its diverse construction expertise across India. The largest project, a 17.4-acre development named "Coine Bliss City" in Kochi for Rs 700 crore, highlights its urban development capabilities. Additionally, NBCC will construct a new Boys College building for Hindu College, University of Delhi (Rs 69.71 crore), demonstrating its experience in educational infrastructure. Further solidifying its well-rounded portfolio, NBCC will build an office-cum-training institute for the Institute of Company Secretaries of India (ICSI) in Hyderabad (Rs 8.62 crore) and a centralized core repository with advanced laboratory facilities for Oil India Limited in Guwahati (Rs 99.84 crore), showcasing its ability to handle projects for various government and public sector entities. These wins follow several other significant project acquisitions totalling Rs 491.45 crore, signifying strong demand for NBCC's services and solidifying its position as a leading Indian construction company.

On Tuesday, shares of NBCC (India) Ltd gained 1.53 per cent to an intraday high of Rs 165.45 per share from its previous closing of Rs 162.95. The company has a market cap of over Rs 28,000 crore and has been maintaining a healthy dividend payout of 35 per cent.

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About NBCC (India) Ltd

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 FY24.

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

The stock gave multibagger returns of over 300 per cent in just 1 year whereas BSE Sensex is up by 24 per cent. Investors should keep an eye on this stock.

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