Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India with operations in project management consultancy and development in focus upon receiving a new work order worth Rs. 1,261 Crores to build AIIMS in Bihar.
Price Action
With a market capitalization of Rs. 31,950 Crores, the shares of NBCC (India) Limited were trading at Rs. 177.50 per equity share, up 2 percent from its previous day’s close price of Rs. 174.10.
What Happened
NBCC (India) Limited’s wholly-owned subsidiary HSCC (India) Limited has received a new work order from the Ministry of Health and Family Welfare, Government of India, for the establishment work of AIIMS in Darbhanga, Bihar, for a consideration of Rs. 1,261 Crores.
In Addition, the board of directors of NBCC (India) Limited has considered and approved issuing bonus shares in the ratio of 1:2 where one equity share will be issued to every 2 equity shares held by the shareholders of the company as on the Record date i.e., October 7, 2024.
Also Read: Defence stock jumps after receiving order worth ₹ 15.4 Cr for combustors from DRDL
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.
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Written by: Bharath K.S
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