Navratna stock 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. 1364 Crores.
Price Action
With a market capitalization of Rs. 26,109 Crores, the shares of NBCC (India) Limited closed at Rs. 96.70 per equity share, down 5.7 percent from its previous close price of Rs. 102.55.
What Happened
NBCC (India) Limited’s wholly owned subsidiary HSCC (India) Limited has received a new work order from Employees State Insurance Corporation, Govt. of India for a consideration of Rs. 1,322.48 Crores.
It involves the Construction of an additional 500 Beds for enhancement of bed strength from 650 to 1150 beds at ESIC Medical College and Hospital at Faridabad and Construction of 500 Bedded ESIC Hospital at Manesar Haryana on a deposit mode basis.
In Addition, it has received another work order from the ST & SC Development, Minorities & Backward Classes Welfare Department, Govt. Of Odisha, for consideration of Rs. 41 Crore.
The work involves Upgradation from Ashram School to High School at Dhansuli Ashram School, Jaipatna, Kalahandi, Upgradation from High School to Higher Secondary School at Govt (SSD) High School, Dhamanpur, Kalakandi, and Construction of Hostel at Bijay Kumar Academy, Govt. High School, Soharia, Bograi, Balasore.
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
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 & 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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