Rs 1,00,000 Crore Order Book: Civil Construction Company Bags Orders Worth Rs 64.67 Crore From Odisha, Hyderabad & Delhi
The stock is up by 43.5 per cent from its 52-week low is Rs 70.82 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 recently been awarded three significant projects with a total approximate value of Rs 64.67 crore (excluding GST). The first project, valued at Rs 16.97 crore, involves the planning, designing, and construction for various developmental works of Dhamnagar College in Odisha. The second project, worth Rs 18.05 crore, encompasses the planning, designing, and execution of construction for various infrastructure works at NALSAR University of Law in Hyderabad. Finally, the third project, with an approximate value of Rs 29.65 crore, entails the planning, designing, and execution of the construction of a hostel block for Sewa Bharti in Delhi-110093.
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Results
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's order book as of December 31, 2024, stands at Rs 1,00,000 crore. As of December 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 43.5 per cent from its 52-week low is Rs 70.82 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.