Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 1,369.62 crore from various clients; Stock up by 4.9 per cent!

The stock gave multibagger returns of 285 per cent in just 1 year whereas BSE Sensex is up by 22 per cent.

On Friday, shares of NBCC (India) Ltd gained 4.9 per cent to an intraday high of Rs 162.75 per share from its previous closing of Rs 155.15. The company has a market cap of over Rs 28,000 crore and has been maintaining a healthy dividend payout of 35 per cent.

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.

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

In a significant boost to its business, NBCC (India) Ltd secured four new orders valued at a total of Rs 878.17 crore. These projects span across various sectors and regions in India, showcasing NBCC's diverse capabilities in the construction industry.

The largest order, valued at Rs 700 crore, involves the development of a 17.4-acre site in Kakkanad, Ernakulam district, Kochi, for Kochi Metro Rail Limited (KMRL). This project, named "Coine Bliss City", highlights NBCC's expertise in large-scale urban development projects. Additionally, the company secured an order from Hindu College, University of Delhi, for the construction of a new Boys College building for Rs 69.71 crore. This demonstrates NBCC's experience in educational infrastructure development.

The two other orders further solidify NBCC's well-rounded portfolio. The company will construct an office-cum-training institute for the Institute of Company Secretaries of India (ICSI) in Hyderabad for Rs 8.62 crore. They will also build a centralized core repository with advanced laboratory facilities for Oil India Limited in Guwahati, Assam, for Rs 99.84 crore. These projects showcase NBCC's ability to handle projects for various government and public sector entities.

It's important to note that these new orders come on the heels of several other significant project wins for NBCC, totalling Rs 491.45 crore. This signifies a strong demand for NBCC's services across various sectors and strengthens its position as a leading construction company in India. The stock gave multibagger returns of 285 per cent in just 1 year whereas BSE Sensex is up by 22 per cent. Investors should keep an eye on this stock.

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