Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India with operations in project management consultancy and development jumped 5 percent in the day’s trade upon receiving a work order worth Rs. 36 Crores from NIT.
Price Action
With a market capitalization of Rs. 31,438 Crores, the shares of NBCC (India) Limited were trading at Rs. 174.70 per equity share, up 3.37 percent from its previous day’s close price of Rs. 169
What Happened
NBCC (India) Limited has received a new work order from the National Institute of Technology (NIT), Patna for providing Project Management Consultancy services for the Supervision of Construction & Development of the incubation Centre at NIT Patna for a consideration of Rs. 36 Crores.
About the company
NBCC (India) Limited is a Navratna central public sector enterprise, it is one of the largest realty CPSEs in India with operations in project management consultancy and realty development businesses in the domestic as well as foreign markets. As of Q4FY24, it has a consolidated order book of ~Rs. 64000 Crores
It has a strong business clientele base, consisting of its well-known clients like SJVN, BHEL, NTPC the Republic of Mauritius, the Republic of Maldives, IIT, IIM, and many others.
Some of the prestigious projects completed or in progress are the World Trade Center, Bharat Mandapam in which the G20 summit was hosted, Garvi Gujarat Sadan, AIIMS Bilaspur, and many more.
Financials and Ratios
Its revenue from operations grew by 19.17 percent from Rs. 8,754 Crores in FY23 to Rs. 10,433 Crores in FY24, accompanied by profits of Rs. 278 Crores to Rs. 414 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 25.6 percent, and a return on capital employed (ROCE) of 32.7 percent. It is debt debt-free company with a debt-to-equity ratio of 0.
Written by: Bharath K.S
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.
