Rs 57,536 Crore Order Book: Rekha Rakesh Jhunjhunwala-Backed Construction Company Bagged Order Worth Rs 335 Crore in June, Stock Gains Over 160 Per cent in Just 1 Year!

The company’s shares have delivered an impressive return of over 480 per cent in the past 2 years.

NCC Limited specializes in executing turnkey EPC contracts and BOT projects under Public-Private Partnership arrangements. The company engages in a wide spectrum of construction activities including roads, buildings, irrigation, water management, environmental projects, electrical works, metals, mining, and railways. It has expanded its footprint to the Middle East, operating through subsidiaries in Muscat and Dubai. In FY24, the company ventured into the emerging segment of Smart Meters, securing contracts valued at Rs 8080 crore. It has initiated field trials of Smart Meters in Bihar and plans to commence similar trials in Maharashtra next month.

In June 2024, NCC Limited secured orders worth 335 crore (excluding GST) in its Building Division. These orders were obtained from a Private Limited Company and do not encompass any internal orders.

Currently while writing this article NCC Limited shares are at Rs 320 per share. The company’s current market capitalisation stands at Rs 20091 crore. The stock has delivered a return of over 160 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, NCC Limited recorded a revenue of Rs 6485 crore. The operating profit for Q4 FY24 stood at Rs 551 crore. The net profit for Q4 FY24 was Rs 239 crore. Looking at the annual performance, the company generated a revenue of Rs 20845 crore in FY24, compared to Rs 15553 crore in FY23. The operating profit for FY24 was Rs 1769 crore, with a net profit of Rs 740 crore.

Investors must keep this Small-Cap stock on their radar.

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