Rs 52,626 crore order book: Rakesh Jhunjhunwala's portfolio multibagger civil construction stock in green as the company announces stellar quarterly results!

The stock gave multibagger returns of 110 per cent in just 1 year whereas BSE Sensex Index is up by 21 per cent.

NCC Limited undertakes turnkey EPC contracts and BOT projects on a public-private partnership basis. The company announced Quarterly Results (Q1FY25) and a robust order book. Details below:

Consolidated Results: NCC Limited [NCCL] has reported o turnover of (Rs 5,558.33 crore (including other income) on a consolidated basis in the first quarter of the financial year 2024-25 as against Rs 4,406.72 crore in the corresponding quarter of the previous year, an increase of 26.7 per cent on year-on-year basis. The Company has reported EBIDTA of Rs 409.21 crore and (Rs 173.54 crore respectively in the corresponding quarter of the previous year. The company reported Basic & Diluted EPS of Rs 3.34 for the first quarter as against Bosic & Diluted EPS of Rs 2.76 in the corresponding quarter of the previous year.

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: The company’s order book stands at Rs 52,626 crore as of June 30, 2024. ln the first quarter of 2024-25, the company has secured orders aggregating to Rs 408 crore (including change in scope).

Today, shares of NCC Ltd gained 5.6 per cent to Rs 328.50 per share from its previous closing of Rs 311.10. The stock’s 52-week high is Rs 364.50 and its 52-week low is Rs 136.55. The company has a market cap of over Rs 20,000 crore. An ace investor, the Late Rakesh Jhunjhunwala’s portfolio owns a 12,48 per cent stake in the company as of June 2024 (After Rakesh Jhunjhunwala the stake was transferred to her wife Rekha Rakesh Jhunjhunwala).

The stock gave multibagger returns of 110 per cent in just 1 year whereas BSE Sensex Index is up by 21 per cent. Investors should keep an eye on this mid-cap stock.

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

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