Navratna PSU which is one of the largest realty CPSEs in India with operations in project management consultancy and development in focus upon receiving new work orders worth ~Rs. 236 Crores.
Price Action
With a market capitalization of Rs. 26,192 Crores, the shares of NBCC (India) Limited were trading at Rs. 97.11 per equity share, down 2.86 percent from its previous day’s close price of Rs. 99.97.
What Happened
NBCC (India) Limited, a Navratna central public sector enterprise, one of India’s largest realty CPSEs with operations in project management consultancy and realty development businesses, has received multiple work orders for a consideration of Rs. 235.46 Crores.
The first work order was received from Power Grid Corporation of India Limited for the Renovation of Power Grid Corporation of India Limited’s Corporate Office Building for a consideration of Rs. 186.46 Crores
Followed by a work order from Mahatma Gandhi Kashi Vidyapith University Varanasi for the Construction of the Multipurpose Examination Hall Cum Innovation Centre at their premises for a consideration of Rs. 44 Crores.
Lastly, a new work order was received by Sampurnanand Sanskrit University, Varanasi, for the Repair and Renovation of Panani Bhawan/ academic block at the university premises for a consideration of Rs. 50 Lakhs
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 Q1FY25, it has a consolidated order book of ~Rs. 81,000 Crores
NBCC (India) Limited 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 by the company are the World Trade Center, Bharat Mandapam in which the G20 summit was hosted, Garvi Gujarat Sadan, AIIMS Bilaspur, and many more.
Financials & Ratios
Its revenue from operations grew by 11.80 percent from Rs. 1,918 Crores in Q1FY24 to Rs. 2,144 Crores in Q1FY25, accompanied by profits of Rs. 77 Crores to Rs. 107 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 24.8 percent and a return on capital employed (ROCE) of 32 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.
Written by: Bharath K.S
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