Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India with operations in project management consultancy and development jumped 6 percent in the day’s trade upon receiving a new work order for a consideration of Rs. 411.45 Crores.
Price Action
With a market capitalization of Rs. 33,327 Crores, the shares of NBCC (India) Limited were trading at Rs. 184.80 per equity share, up 6 percent from its previous day’s close price of Rs. 174.60.
What Happened
NBCC (India) Limited’s wholly-owned subsidiary HSCC (India) Limited has received a new work order from the Medical Education & Ayush Govt. of Maharashtra for the Construction of a New Government Medical College of 100 student capacity & 430 bedded Hospital at Buldhana for a consideration of Rs. 411.45 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 a debt-free company with a debt-to-equity ratio of 0.
Written by: Bharath K.S
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