PSU Navratna Company Bags Multiple Orders Worth Rs 720 Crore: FIIs Increased Stake in Q1, Stock Gains Over 250 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 400 per cent in the past 2 years only.
This PSU Navratna company has bagged two significant contracts. The first is for the construction of a new building at the Hyderabad Chapter of the Institute of Company Secretaries of India (ICSI), which involves demolishing the existing structure at Anand Nagar Colony, Khairatabad, Hyderabad. This project is valued at approximately Rs 9.97 crore. The second contract is for the development of two land parcels in Jhansi in a self-sustainable mode, awarded by the Jhansi Development Authority, with an approximate value of Rs 710 crore. The total value of these contracts is Rs 719.97 crore.
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.
NBCC (India) Limited shares closed the Tuesday's trading session at Rs 173.50 per share. The company’s current market capitalization stands at Rs 31,230 crore. The stock has delivered a return of over 250 per cent in just 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, NBCC (India) Limited recorded a revenue of Rs 4024 crore. The operating profit for Q4 FY24 stood at Rs 243 crore. The net profit for Q4 FY24 was Rs 141 crore. Looking at the annual performance, the company generated a revenue of Rs 10433 crore in FY24, compared to Rs 8754 crore in FY23. The operating profit for FY24 was Rs 513 crore, with a net profit of Rs 414 crore.
Regarding the shareholding pattern, the promoters own 61.75 per cent of the company, while public or retail investors hold 24.35 per cent. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) own 4.43 per cent and 9.47 per cent, respectively.
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Disclaimer: The article is for informational purposes only and not investment advice.