Rs 84,400 Crore Order Book: Civil Construction Company Bags Order Worth Rs 272.33 Crore; Reports Stellar Results & Declares 53% Dividend

The stock is up by 30 per cent from its 52-week low is Rs 70.14 per share.

NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialize in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls.

Order Bagged

NBCC (India) Limited has received a new work order totalling approximately Rs 272.33 crore. This order encompasses two projects: the first, valued at Rs 170.33 crore, involves planning, designing, and developing infrastructure facilities and related works at the Central University of Punjab's Bathinda campus. The second project, worth Rs 102 crore, consists of multiple components for the Navodaya Vidyalaya Samiti (NVS), including the construction of a regional office building in Guwahati, a central covered courtyard at various JNVs in Assam, and a multipurpose hall at various JNVs in Meghalaya and Nagaland.

Results & dividend

According to the Quarterly Results, the net sales increased by 16.6 per cent to Rs 2,826.96 crore and the net profit increased by 25.4 per cent to Rs 142.43 crore in Q3FY25 over Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 7,429.84 crore and the net profit increased by 37 per cent to Rs 374.76 crore in 9MFY25 over 9MFY24.

The company has announced an interim dividend of Rs 0.53 per share for the financial year 2024-25. This represents a 53 per cent dividend on the face value of Re 1 per share. The record date to determine eligible shareholders for this dividend is Tuesday, February 18, 2025.

Earlier, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 new fully paid-up equity share of Re 1 each for every 2 existing fully paid-up equity shares of Re 1 each to the eligible members of the company as on record date. The ex-date for bonus shares was Monday, October 07, 2024. The company's order book as of September 30, 2024, stands at Rs 84,400 crore. As of October 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock is up by 30 per cent from its 52-week low is Rs 70.14 per share. Investors should keep an eye on this mid-cap stock. 

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