Shares of this smallcap construction company owned by the government of India gained 2.9 percent after the company awarded work of Rs. 100.79 crores.
At 10:10, 1st November shares of NBCC (India) Ltd were trading at Rs. 67.55 per share, up by 2.9 percent from previous closing price of Rs. 65.60 per share.
Such bullish stock price movements were observed after the company through regulatory filing on Bombay stock exchange (BSE) that they have received 2 orders worth Rs. 100.79 crores.
Out of which an order of Rs. 60.79 crores is from Directorate General for providing and fixing LED flood light in Dampa tiger reserve forest in Mizoram state. The second order is from Navodaya Vidyalaya Samiti which is for construction of phase A and B works for JNV khagariya (BIhar) and is worth Rs. 40 crores.
Having a glance through financials of the company, revenue increased by 6.61 percent to Rs. 1,917.87 crores in Q1FY24 from Rs. 1,799 crores in Q1FY23, in the same time period net profit went from Rs.-6.29 crores to Rs. 75.14 crores.
Looking at the profitability ratios, the company reported return on equity (ROE) of 14.98 percent and return on capital employed (ROCE) of 30.34 percent in the last financial year.
NBCC (India) Limited is a prestigious public-sector enterprise of the Indian government, operating under the Ministry of Housing and Urban Affairs. The company functions across three key domains, including Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.
Written by: Vinit Israni
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