Rs 52,370 Crore Order Book: Rakesh Jhunjhunwala’s Portfolio Civil Construction Company Bags New Order Worth Rs 349.70 Crore

The stock is up by 65 per cent from its 52-week low and gave multibagger returns of over 200 per cent in 2 years.

NCC Limited has received an order valuing Rs 349.70 crore (Excluding GST) in the month of December 2024.fhe order is related to Building Division and is received from Private 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.

The company has a market cap of over Rs 17,000 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 is up by 65 per cent from its 52-week low and gave multibagger returns of over 200 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.