NBCC (India) Ltd shares opened its trading hour today at Rs 37 and currently trade at Rs 37.15. The stock is up 4.2 percent as compared to the previous closing price of Rs 35.65. In the past week period, the scrip has gained around 16.5 percent.
In a recent filing with the exchange, the company announced the receipt of a work order from the Department of Border Management under the Ministry of Home Affairs worth Rs 448 crores. The order is pertaining to the construction of a border and road in the state of Mizoram along the Indo Bangladesh Border (IBB).
NBCC (India) Ltd is engaged in the urban and regional development sector with operating segments including Project Management Consultancy, Real Estate Development, and the Construction segment. The business activity of the company functions in India and derives a majority of its revenue from the Project Management Consultancy segment.
Having a quick glance at the financials, it can be observed that there is a contrasting movement in the numbers pertaining to the revenues and net profits of the company. Revenues moved up from Rs 2,030 crores in Q2 to Rs 2,136 crores in Q3. Whereas, the net profit figures moved down from Rs 98 crores in Q2 to Rs 71 crores in Q3.
The profitability ratios of the company are on a downward trend in the past two financial years. ROE took a shift from 15.52 percent in FY20-21 to 13.95 percent in FY21-22. Moreover, ROCE moved from 33.18 percent in FY20-21 to 28.95 percent in FY21-22.
As per the quarter ending December 2022, promoters hold a constant 61.75 percent stake in the company. FIIs, showing confidence in the company, have increased their stake from 3.31 percent in Q2 to 3.36 percent in Q3.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
