Infrastructure investments are a form of “real assets,” which include physical assets such as bridges, roads, highways, and energy systems. These investments are crucial for the development of a country and are known for offering stable and predictable cash flows, making them attractive to investors.
The Interim Budget of 2024 has had a positive impact on infrastructure stocks, with the increased outlay for infrastructure development being a key driver of growth in this sector. The Government has proposed to raise CAPEX for the fourth consecutive year by 11.1 percent to Rs. 11.11 lakh crores.
Listed below are such Infrastructure stock with a high order book:
NCC Ltd
With a market capitalization of Rs. 14,218 crores, the shares of NCC Ltd started Thursday’s trading session on a higher note at Rs. 223.80 compared to its previous close of Rs. 222. During the trading session, the shares hit a high of Rs. 231.20, gaining around 3 percent and currently trading at Rs. 226 apiece.
As of December 2023, the company has a diversified order book of Rs. 57,440 crores. The company received 33 percent of its orders for the construction of buildings and the remaining 67 percent of orders were received from Transportation, Water and Railways, Electrical, Mining, Irrigation and other sectors.
Looking at the latest financial statement, the revenue zoomed by 11 percent from Rs. 4,720 crores during the September quarter to Rs. 5,260 crores during the December quarter. In addition, the net profits magnified by 168 percent from Rs. 86 crores to Rs. 231 crores during the same timeframe.
NBCC (India) Ltd
With a market capitalization of Rs. 24,705 crores, the shares of NBCC Ltd started Thursday’s trading session on a higher note at Rs. 137.10. During the trading session, the shares hit a 5 percent upper circuit at Rs. 137.10 apiece.
As of November 2023, the company has a consolidated order book of Rs. 55,300 crores. Recently, NBCC (India) through its wholly-owned subsidiary HSCC (India) received a work order worth Rs. 76.62 crore from the Central Council for Research Yoga and Naturopathy.
Looking at the latest financial statement, the revenue zoomed by 11 percent from Rs. 2,053 crores during the September quarter to Rs. 2,413 crores during the December quarter. In addition, the net profits magnified by 39 percent from Rs. 82 crores to Rs. 114 crores during the same timeframe.
Dilip Buildcon Ltd
With a market capitalization of Rs.6,713 crores, the shares of Dilip Buildcon Ltd started Thursday’s trading session on a flatter note at Rs. 455. During the trading session, the shares hit a low of Rs. 446, making a loss of around 2 percent and are currently trading at Rs. 452 apiece.
As of 31st December 2023, the company has a diversified order book of Rs. 21,842 crores from 8 verticals. The majority of the orders were received for roads and highway construction, which amounts to 33 percent of the order book and the remaining 67 percent of orders were received for irrigation, metro, water supply, tunnels, airports, mining and special bridges and urban development.
Looking at the latest financial statements, the revenue increased marginally by 1 percent from Rs. 2,849 crores during the September quarter to Rs. 2,877 crores during the December quarter. In addition, the net profits zoomed by 55 percent from Rs. 73 crores to Rs. 113 crores during the same timeframe.
Written By Vaibhav Patil
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