Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 491.45 crore from various clients!
The stock gave multibagger returns of 230 per cent in just 1 year whereas BSE Sensex is up by 20 per cent.
NBCC (India) Limited, a prestigious Navratna Central Public Sector Enterprise, has recently secured several significant work orders, further strengthening its project portfolio. As of June 5, 2024, NBCC has been entrusted with various construction and renovation projects, highlighting its extensive project management expertise and its vital role in advancing national infrastructure. These projects span multiple sectors, including healthcare, social security, education, financial services, and sustainable development, showcasing NBCC's versatility and commitment to enhancing India's infrastructure landscape.
One of the notable projects awarded to NBCC is the construction of a multi-facility healthcare complex in Mumbai. This project, valued at Rs 112.00 Crore and commissioned by the Central Government Health Scheme (CGHS), involves developing a comprehensive healthcare facility on a plot in Matunga (Agar Rawli), Mumbai. The new complex is expected to significantly improve healthcare services in the region, offering state-of-the-art facilities and contributing to the overall health infrastructure. This project underscores NBCC's capability to handle large-scale healthcare projects and its commitment to improving public health services.
In Odisha, NBCC has been awarded the development of an Integrated Infrastructure Complex (IIC) in Bargarh District, valued at ₹73.27 Crore. This project, commissioned by the Department of Social Security and Empowerment of Persons with Disabilities, aims to create an inclusive infrastructure supporting social security initiatives. Additionally, NBCC will execute building works for the Odisha State Cooperative Bank Ltd., valued at Rs 82.00 Crore. These projects reflect NBCC's strategic focus on enhancing social and financial infrastructure in the state, promoting inclusive growth and development.
NBCC's involvement in educational infrastructure is also noteworthy. The company has secured projects for the repair and renovation of educational facilities at JNV Bhadrak, Odisha, and the construction of multipurpose halls at JNV Sambalpur and Deogarh. These projects, valued at Rs 4.85 crore, Rs 4.29 crore, and Rs 4.54 crore respectively, aim to provide improved learning environments and facilities for students. Furthermore, NBCC will undertake residential construction for the Ministry of External Affairs in New Delhi, valued at ₹130.00 Crore, supporting housing needs for government officials. These projects highlight NBCC's commitment to enhancing educational and residential infrastructure, contributing to the overall development of the country.
Additionally, NBCC is making strides in sustainable development with a Rs 40 crore project to develop a green building property for the Union Bank of India in Visakhapatnam. The company is also executing several interior fit-out works at the World Trade Center (WTC) for clients such as the National Internet Exchange of India, India Optel Limited, Pharmacy Council of India, Armoured Vehicles Nigam Limited, and Artificial Limbs Manufacturing Corporation of India. These projects, with a combined value of Rs 491.45 crore, demonstrate NBCC's ability to deliver specialized infrastructure solutions across various sectors. NBCC's strategic focus on sustainable development and interior infrastructure further underscores its comprehensive capabilities and commitment to national growth and development.
Also Read: 4:1 bonus shares in FY24; Rs 2,460 crore order book & FIIs bought 3.27 per cent stake: Multibagger engineering stock under Rs 21 surges over 4 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.
Order Book: The company's order book as of March 31, 2024, crosses Rs 70,000 crore.
Today, shares of NBCC (India) Ltd gained 6.84 per cent to Rs 139 per share with an intraday high of Rs 141 and an intraday low of Rs 135.60 from its previous closing of Rs 130.10. The shares of the company saw a spurt in volume by more than 1.20 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 230 per cent in just 1 year whereas BSE Sensex is up by 20 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.