Rs 54,110 crore order book, company bagged order worth Rs 8,398 crore within a month, heavy buying witnessed in the stock and hits 52-week high on Friday!
Shares of the company have generated a multibagger return of 405 per cent in just three years.
NCC Limited has informed in the latest exchange filing, that the company has secured four orders amounting to Rs 8398 crore (excluding GST) during the month of August 2023, related to its Electrical Division. Let's delve into the orders in detail.
The initial two orders, one valued at Rs 2822 crore and another at Rs 2933 crore have been acquired from the Maharashtra State Electricity Distribution Co Ltd. (MSEDCL).
These orders pertain to the Advanced Metering Infrastructure (AMl) Project and will be executed under the Design, Build, Finance, Own, Operate, Transfer (DBFOOT) basis as part of the RDSS Scheme.
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The contract duration spans 9 years and 3 months, including a 7-year period for operation and maintenance. These two projects will be undertaken through Special Purpose Vehicles.
The third order, worth Rs 2324 crore, has been secured from North Bihar Power Distribution Co Ltd. This order involves the Advanced Metering Infrastructure Project (AMl) and follows the Design, Build, Finance, Own, Operate, Transfer (DBFOOT) model. The contract, spanning 9 years and 3 months, will be executed directly by NCC.
The fourth order, valued at Rs 319 crore, has been received from Bangalore Electricity Supply Company Limited. This order pertains to the upgrade of the Distribution Automation System (DAS) and is scheduled to be completed in 18 months.
The cumulative value of these orders, totaling Rs 5755 crore, will be included in the order book of the Subsidiary Companies (SPVs), while the remaining balance of Rs 2643 crore will be part of NCC's standalone order book.
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On Friday, the stock opened at Rs 172.60 and closed at Rs 170.30, representing a gain of Rs 0.60 or 0.35 per cent compared to the previous closing price of Rs 169.70 per share on the BSE.
Regarding the stock performance of the company, the shares have delivered an impressive return of 87 per cent over the last six months and a remarkable return of 405 per cent over the past three years.
Investors must keep this stock on their radar.