This Navratna stock gained around 4.3% to an intraday high of ₹147.50 per share on Tuesday after it received orders worth ₹369 crores from three different clients.
At 11:45 a.m., NBCC (India) Ltd shares were trading at ₹143.70 per share, up 1.70% from the previous close price. The company has a market capitalization of ₹25,740 crore.
According to the exchange filing, the company received a work order worth ₹369.05 crores from three different clients. These include infrastructure development works for Rani Lakshmi Bai Central Agricultural University, Jhansi, valued at ₹331.9 crores, the construction of a Single-court High Court Complex and Residential Quarter in Telangana from the High Court, valued at ₹12.17 crores, and a renovation and furnishing project from the Institute of Chartered Accountants of India, valued at ₹24.98 crores.
In FY22-23, the company reported revenue segmented as follows: 92% from the Project Management Consultancy segment, followed by 6% from EPC projects, and 2% from redevelopment projects
NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Company operates in three major segments – Project Management Consultancy, Engineering Procurement and construction, and Real Estate.
The company’s revenue has increased by 21% year on year, from ₹1,587 crore in Q2FY23 to ₹1,919 crore in Q2FY24.In the same time frame, net profit has increased by 91% from ₹49 crore to ₹94 crore.
The company has wholly-owned subsidiaries such as NBCC Services Limited, HSCC (India) Ltd, and NBCC DWC- LLC (Dubai).
In FY23-24, the company secured major orders from the Kerala State Housing Board (KSHB) valued at ₹2,000 crores, Ravenshaw University Works totaling ₹264 crores, and the Public Works Department, Puducherry, amounting to ₹208 crores. The company has consolidated new orders secured in the current FY 2023-24, approximately Rs. 7000 crores.
NBCC shares have gained 203% in the last six months and 330% in a year. For instance, a shareholder investment of ₹ 1 lakh in the company six months ago, would be worth ₹3.03 lakhs.
Written by Omkar Chitnis
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