PSU Navratna Company Bags Orders Worth Rs 47 Crore from SIDBI and Ministry of Textiles: FIIs Increased Stake in Q1, Stock Gains Around 200 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 430 per cent in the past 2 years only.
This Small-Cap PSU Maharatna company has recently secured two significant projects. The first is an additional sanction of Rs 42.04 crore for the SIDBI Vashi Redevelopment Project, which follows a previous work order of Rs 100 crore announced on March 28, 2023.
The second project, valued at Rs 5 crore, involves the operation and maintenance of the International Craft Complex in Vasant Kunj, New Delhi, for the Office of Development Commissioner (Handicrafts), Ministry of Textiles. The combined value of both projects is approximately Rs 47.04 crore.
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NBCC (India) Ltd 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.
On Friday, the shares of NBCC (India) Ltd shares closed the day at Rs 169.50 per share. The company’s current market capitalization stands at Rs 30,510 crore. The stock has delivered a multibagger return of around 200 per cent in just 1 year.
As per the Quarterly Results, in the first quarter of FY25, NBCC (India) Ltd recorded a revenue of Rs 2144 crore compared to Rs 1918 crore. The operating profit for Q1 FY25 stood at Rs 92 crore. The net profit for Q1 FY25 was Rs 107 crore compared to Rs 77 crore. Looking at the annual performance, the company generated a revenue of Rs 10433 crore in FY24, compared to Rs 8876 crore in FY23. The operating profit for FY24 was Rs 517 crore, with a net profit of Rs 414 crore compared to Rs 278 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. FIIs have increased their stake from 4.33 per cent to 4.43 per cent in the June Quarter of FY25.
Disclaimer: The article is for informational purposes only and not investment advice.
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