This Navartana PSU stock which deals in operates in segments like Project Management Consultancy, Engineering Procurement & Construction, and Real Estate was up by 3 percent in the day’s trade after the company received an order worth Rs. 599.35 crores from the National Health Mission, Maharashtra.
Price Action
With a market capitalization of Rs. 27,675 Crores, the shares of NBCC (India) Limited were up by 3.4 percent in the day’s trade touching a day’s high of Rs. 103.4 per share. The stock reiterated from the day’s high and was trading at Rs. 102.48 per share which is up 2.48 percent higher from the previous closing price of Rs. 100 apiece.
What Happened
The stocks of NBCC (India) rose after the company’s subsidiary HSCC (India) received multiple orders worth Rs. 599.35 crore approx. The order was from the National Health Mission, Maharastra for the Establishment and operations of Hinduhridaysamrat Balasaheb Thackery Aapla Dawakhana in Maharashtra worth Rs. 259.35 crore and the Establishment of a Radiation Oncology Unit on a turnkey basis at Ratnagiri, Jalna, Dharashiv and Baramati in Maharashtra worth Rs. 340 crore.
About the Company
NBCC (India) Limited was established in 1960. It is a Navratna public sector enterprise under the Ministry of Housing and Urban Affairs, India. They operate in three segments namely Project Management Consultancy, Engineering Procurement and Construction, and Real Estate Development.
Their business model focuses on managing government projects from inception to completion and focuses on sustainable redevelopment and monetization of land. NBCC generates revenue mainly through consultancy fees and project management services, contributing significantly to infrastructure development across India and internationally, including projects in countries like Iraq and Nepal. The order book of the company stood at around Rs. 84,400 crore.
Products and Services
NBCC (India) Limited provides a range of services, including Project Management Consultancy for government projects, Engineering Procurement and Construction for infrastructure development, and Real Estate Development for residential and commercial properties.
Financials & Ratios
Its Revenue from operations grew by 19.42 percent year on year from Rs. 2,059 Crores in Q2FY24 to Rs. 2,459 Crores in Q2FY25, accompanied by profits of Rs. 82 Crores to Rs. 125 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 25.64 percent and a return on capital employed (ROCE) of 30.87 percent. It has reported a debt-to-equity ratio of 0.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoters stake holding a share of 61.75 percent in NBCC (India), Foreign Institutional Investors (FII) holdings stood at 4.05 percent, Domestic Institutional investors (DII) standing at 9.13 percent, and public holdings standing at 25.05 percent.
Written by Santhosh S
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