This Infra stock, which deals in the business of construction of roads, irrigation, buildings, water and environment, metals, electrical, mining, and railways, surged upto 6 percent after receiving LoA from Andhra Pradesh Govt. worth Rs. 2,129.60 Cr for Amaravati Development.
Share Price Movement
In Thursday’s trading session, NCC‘s share price touched a day’s high of Rs. 208.65 which was up by 5.94 percent. The stock reiterated from the day’s high and was trading at Rs. 203.05 which is 3.10 percent higher than the previous closing price of Rs. 196.95 apiece.
In the past year, the stock has given around 7 percent negative returns, and compared to the Nifty Index, NCC has underperformed.
What happened
NCC stock is in focus after the company received a Letter of Acceptance (LoA) dated 19th March 2025 worth Rs. 2,129.60 crore from the Andhra Pradesh Capital Region Development Authority for the Construction of roads, drains, sewage, water supply, reuse water line, utility ducts for power and ICT, and avenue plantation on lumpsum contract (percentage tender) basis.
This development is to be undertaken in Zone 12 villages area in Amaravati Capital City, Andhra Pradesh. The time period for completion of the project is 3 years for Construction and 2 years for DLP as per the company’s recent exchange filing.
Financials
In its latest filing for the quarter ending December 2024, the company reported a 1.61 percent rise in revenue, reaching Rs. 5,345 crore compared to Rs. 5,260 crore in Q3FY24. During the same period, net profit declined by 10.82 percent from Rs. 231 crore in Q3FY24 to Rs. 206 crore in Q3FY25.
Business Mix
The company earned 98.90 of its operational revenue under the Construction Business, and the remaining 1.09 percent from Real Estate for the December 2024 quarter. Most of their operating profit is from the Construction Business followed by Real Estate for the same quarter.
Order Book
As of 31st December 2024, the order book stood at Rs. 55,548 crores. It comprises 38 percent from Building, 19 percent from Transportation, 19 percent from Electrical (T&D), 10 percent from Water & Railways, 9 percent from Irrigation, and 5 percent from Mining.
State-wise, the orders are dominated by Maharashtra state with 39 percent, followed by 13 percent from Uttar Pradesh, 8 percent from Karnataka, 7 percent from Madhya Pradesh, and remaining from other states in India.
Company Profile
NCC Limited is a leading construction and infrastructure company. It operates across diverse sectors, including buildings, transportation, water and environment, irrigation, mining, and railways. With a pan-India presence and international projects in Sri Lanka, Kuwait, Oman, and the UAE, NCC is known for its high-quality projects.
Written by – Santhosh S
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