Rs 84,000 crore order book: LIC-backed multibagger penny stock bags multiple new orders; do you hold it?
The stock has delivered multibagger returns of over 224 per cent in the last two years.
NBCC (India) Limited has received a work order from the Department of Irrigation & Water Resources, Government of Mizoram, for the planning, designing, and implementation of three hydro projects. These projects aim to enhance water security and promote sustainable development in the region.
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The awarded projects include:
- Mat River Hydro Project, Serchhip – A sustainable dam project focused on water security and community development.
- Multipurpose Rainwater Harnessing Dam, Ngur-Vapar, Champhai District – Designed to optimize rainwater utilization.
- Vantawng Dual Mini-Dam Project, Thenzawl – Aims to transform waterfalls into economic and ecological assets.
In the Quarterly Results of December 2024, the company reported revenue of Rs 2,826.96 crore, reflecting a year-on-year growth of 16.65 per cent and a quarter-on-quarter growth of 14.98 per cent. The net profit stood at Rs 138.48 crore, increasing by 25.05 per cent YoY and 13.40 per cent QoQ. The net profit margin for the quarter was 4.90 per cent, compared to 4.97 per cent in September 2024 and 4.57 per cent in December 2023.
For the financial year 2024, the company recorded revenue of Rs 10,432.64 crore, marking a 17.53 per cent increase from the previous year's Rs 8,876.37 crore. The net profit for the year was Rs 501.30 crore, up by 51.82 per cent from Rs 363.81 crore in FY23. The net profit margin improved to 3.49 per cent from 2.70 per cent in the previous year.
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 stock has delivered multibagger returns of over 224 per cent in the last two years. The company has an order book worth more than Rs 84,000 crore and LIC owns a 5.11 per cent stake in the company.
Investors can keep this Mid-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.