Shares of this midcap company surged around 8 percent in Thursday’s trading session after receiving multiple orders worth Rs. 491.45 crores. The shares have delivered a muti-bagger return of 229 percent to its shareholders in one year.
With a market capitalization of Rs. 25,218 crores, the shares of NBCC (India) Ltd started Thursday’s trading session on a higher note at Rs. 136.75 compared to its previous close of Rs. 130.05. During the trading session, the shares hit a high of Rs. 141, gaining around 8 percent and are currently trading at Rs. 140 apiece.
Such a bullish movement in the share price was observed after the company received orders worth Rs. 491.45 crores from multiple clients. As per the exchange filing, they received orders from the Central Government Health Scheme (CGHS) to construct a multi-facility healthcare complex worth Rs. 112 crores.
Further, it also secured an order worth Rs. 130 crores from the Ministry of External Affairs for the construction of Residences at MEA’s plot in INA New Delhi and bagged another order from Odisha State Cooperative Bank Ltd for the execution of building works of Odisha State Cooperative Bank Ltd.
Additionally, the PSU company won a Rs. 73.27 crores order from the Department of Social Security and Empowerment of Persons with Disabilities for the construction of the Infrastructure Complex (IIC) with peripheral development in Bargarh District, Odisha.
Coming onto the company’s financial statements, the revenue zoomed by 64 percent from Rs. 2,405.51 crores during the December quarter to Rs. 3,936.98 crores during the March quarter. In addition, the net profits jumped around 25 percent from Rs. 113.57 crores to Rs. 141.5 crores during the same period.
As of 31st March 2024, the company has an order book of Rs. 70,000 crores. Further, they are expecting an order inflow of Rs.25,000 crores with awards of Rs. 12,000 crores to Rs.15,000 crores. It has also signed MoUs with BHEL (land monetization), HUDCO, DMRC, and the Institute of Company Secretaries of India (ICSI).
Moreover, NBCC is targeting a top-line of Rs. 12,500 crores to Rs. 13,000 crores in the next financial year and expecting EBITDA margins of 5.75 percent to 6 percent and PAT margins of 5.25 percent to 6 percent.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 18.04 percent and a return on capital employed (RoCE) of 27.57 percent for the period spanning FY23-24.
Headquartered in New Delhi, NBCC is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments, Project Management Consultancy, Engineering Procurement and Construction, and Real Estate.
Written By Vaibhav Patil
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