Rs 52,370 crore order book: Civil construction company bags new order worth Rs 3,389.49 crore from Ministry of Jal Shakti, Govt. of India

The stock gave multibagger returns of over 100 per cent from its 52-week low and a whopping 275 per cent in 2 years.

NCC Limited is proud to announce that it has been selected as the successful bidder for the EPC execution of the Daudhan Dam under the Ken-Betwa Link Project. The Letter of Acceptance was received from the Ken-Betwa Link Project Authority. This domestic contract, awarded by the Department of Water Resources, River Development, and Ganga Rejuvenation, Ministry of Jal Shakti, Government of India, ¹ entails planning, design, engineering, and hydro-mechanical works. The project is expected to be completed within 72 months from the date of the order. The total contract value, excluding GST, is Rs 3,389.49 crore.  

Earlier, NCC Limited received orders valued at Rs 3,496 crore (Excluding GST) in the month of October 2024. Out of these orders, Rs 2,694 crore relates to the building division, Rs 538 crore relates to the electrical division and Rs 274 crore relates to water &other Divisions. These orders are received from state and central Government Agencies and Private Limited Company and does not include any internal order.

NCC Limited, a prominent construction company established in 1978, specializes in undertaking turnkey EPC contracts and BOT projects under the Public-Private Partnership model. Their diverse portfolio encompasses the construction of roads, buildings, irrigation systems, water and environmental projects, electrical infrastructure, metal and mining facilities, and railway networks. NCC also extends its operations to road and energy sectors through its subsidiary NCC Infrastructure Holdings Limited, and into real estate development via NCC Urban Infrastructure. Notably, the company has a significant international presence, particularly in the Middle East, with subsidiaries in Muscat and Dubai.

Quarterly Results: In its quarterly results, the net sales increased by 10 per cent to Rs 5,195.98 crore, the operating profit increased by 43 per cent to Rs 471.33 crore and the net profit increased by 111 per cent to Rs 162.96 crore in Q2FY25 compared to Q2FY24.

Half-Yearly Results: In its half-yearly results, the net sales increased by 34 per cent to Rs 11,744.96 crore, the operating profit increased by 22 per cent to Rs 1,128.76 crore and the net profit increased by 29 per cent to Rs 467.83 crore in H1FY25 compared to H1FY24.

Annual Results: In its annual results, the net sales increased by 34 per cent to Rs 20,845 crore, the operating profit increased by 18 per cent to Rs 1,894.8 crore and the net profit increased by 16 per cent to Rs 735.1 crore in FY24 compared to FY23.

Order Book: In the second quarter of the current year, the company has secured orders aggregating to Rs 4,760 crore and the order book stood at Rs 52,370 crore on o consolidated basis as of September 30, 2024.

On Friday, shares of NCC Ltd gained 2.33 per cent to Rs 310 per share from its previous closing of Rs 302.95. The stock’s 52-week high is Rs 364.50 and its 52-week low is Rs 154.70. The company has a market cap of over Rs 19,000 crore. An ace investor, the Late Rakesh Jhunjhunwala’s portfolio owns a 12.48 per cent stake in the company as of September 2024 (After Rakesh Jhunjhunwala the stake was transferred to her wife Rekha Rakesh Jhunjhunwala).

The stock gave multibagger returns of over 100 per cent from its 52-week low and a whopping 275 per cent in 2 years. Investors should keep an eye on this mid-cap stock.

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