Shares of this smallcap construction company owned by the government of India gained 1.41 percent after the company received orders worth Rs. 212 crores. The company has a market capitalization of Rs. 12,126 crores.
On 3rd November shares of NBCC (India) Ltd opened at Rs. 68.30 per share, up by 1.41 percent from the previous closing price of Rs. 67.35 per share. The stock has delivered 67.82 percent returns in the last 6 months.
Such bullish stock price movements were observed after the company through regulatory filing on Bombay stock exchange (BSE) that they have received 2 orders worth Rs. 212 Crores.
The Directorate General of Medical Education and Research, Haryana, has awarded an order valued at INR 137 crores for the planning and procurement of hospital furniture, bio-medical equipment, installation, and long-term maintenance. This order is intended for the Government Medical College under construction in Koriyawas, Mahendergarh, and Pt. Neki Ram Sharma Government Medical College in Bhiwani, Haryana.
The client has placed another order, this time worth Rs. 75 crores, for the planning and procurement of hospital furniture, biomedical equipment, installation, and long-term maintenance services for the University of Research, Health Sciences Kutail, which is currently under construction in Karnal, Haryana.
Having a glance through financials of the company, revenue increased by 6.61 percent to Rs. 1,917.87 crores in Q1FY24 from Rs. 1,799 crores in Q1FY23, in the same time period net profit went from Rs.-6.29 crores to Rs. 75.14 crores.
Looking at the profitability ratios, the company reported return on equity (ROE) of 14.98 percent and return on capital employed (ROCE) of 30.34 percent in the last financial year.
NBCC (India) Limited is a prestigious public-sector enterprise of the Indian government, operating under the Ministry of Housing and Urban Affairs. The company functions across three key domains, including Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.
Written by: Vinit Israni
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