Share price of a blue-chip Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs surged 11.6 percent to hit an intraday high at Rs. 159.5, after the company received work orders for a total of Rs. 878.17 crore from different clients including Oil India Limited.
At 03:03 p.m., the shares of NBCC (India) Limited were trading in the green at Rs. 156.15, up by 9.3 percent, compared to its previous closing price of Rs. 142.9.
NBCC informed the stock exchanges receiving work orders from four different clients, with the amount totalling approximately Rs. 878.17 crore.
The company received an order worth Rs. 700 crore from Kochi Metro Rail Limited (KMRL) for the development of 17.4 Acres (5 Contiguous land parcels) located in Kakkanad Ernakulam District Kochi and Coine “Bliss City”.
The second order of Rs. 69.71 crore is for the construction of a Boys College from Hindu College, University of Delhi, New Delhi.
The third order is from the Institute of Company Secretaries of India (ICSI) for the construction of an Office cum training Institute for ICSI at Khaitabad, Hyderabad, for a total amount of Rs. 8.62 crore.
Finally, Oil India Limited (OIL) has awarded an order worth Rs. 99.84 crore for the construction of OIL’s Centralized Core Repository with Advance Laboratory Facilities at Guwahati, Assam.
Earlier on 8th May, NBCC received work orders worth nearly Rs. 400 crore from the Hon’ble Court Receiver of the Supreme Court of India.
In terms of financials, the company’s consolidated revenue from operations stood at Rs. 3,937 crore in Q4 FY23-24 from Rs. 2,732.42 crore Q4 FY22-23, indicating a rise by 44 percent YoY, while the net profit grew by 24.5 percent from Rs. 113.63 crore to Rs. 141.5 crore, during the same period.
The return on equity (ROE) stood at 18.04 percent in FY23-24, up from 13.71 percent in FY22-23, as well as a rise in the Return on Capital Employed (ROCE) from 21.12 percent in FY22-23 to 27.57 percent in FY23-24.
As per the shareholding pattern of March 2024, the Promoters hold a 61.75 percent stake in the company, FIIs hold a 4.33 percent stake, while Retail Investors and DIIs hold a 23.97 percent and 9.94 percent stake in NBCC, respectively.
The stock has delivered multibagger returns of around 275.3 percent in one year, and nearly 91.5 percent of positive returns year-to-date.
Established in 1960, NBCC (India) Limited is a Navratna CPSE (Central Public Sector Enterprises) of the Government of India, and is classified into three verticals: Project Management Consultancy (PMC), Engineering Procurement and Construction (EPC) and Real Estate.
Written by Shivani Singh
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