The shares of this navratna company jumped 3 percent after the company’s board fixed the record date as October 07, 2024, for the bonus issue in the ratio of 1:2.
NBCC (India) Ltd has a market capitalization of Rs 33,867.00 crore, the shares of NBCC (India) Ltd were trading at Rs 187.95 per share, increasing around 1 percent as compared to the previous closing price of Rs 186.35 apiece.
Reason for Rise:-
According to the company filing, NBCC (India) Ltd’s board of directors fixed a record date of October 07, 2024, and approved the issue of bonus shares in a 1:2 ratio which means 1 new fully paid-up equity share of Rs 1 each for every 2 existing fully paid up equity share of Rs 1 each to the eligible members of the company.
Moreover, the company received two work orders for the construction of two multi-stories Residential Building, Guwahati, Assam, and Rehabilitation of Platinum Jubilee Hostel, New Delhi from Oil India Ltd and Indian Statistical Institute Delhi, respectively. The total value of the projects of Rs 182.50 crore.
Analyzing to the company’s financial performance, revenue increased by 12 percent from Rs 1,918 crore in Q1FY24 to Rs 2,144 crore in Q1FY25. During the same period, net profit increased by 39 percent, from Rs 77 crore to Rs 107 crore.
Recent Development:-
The Haryana Directorate of Medical Education and Research placed an order with the PSU business for Rs. 528.21 crore. According to the document, the business obtained an order for Bio Medical Equipment and Hospital Furniture from Pt. Deen Dayal Upadhayaya University of Health Sciences in Kutail, Karnal.
Previously, NBCC received a Rs. 15,000 crore contract from the Srinagar Development Authority to build a satellite township. The project would span 406 acres near Rakh-e-Gund Akshah in Bemina, Srinagar. In FY23-24, the company received new business orders totaling Rs. 23,500 crores and achieved record revenues, notably in the commercial real estate industry.
Order Book:-
As per the recent filing, the company has a commendable order book on a current standalone basis of Rs. 70,000 crores, while the consolidated order book totals Rs. 81,000 crores. The company has a vision to grow to Rs. 1,00,000 crores by the end of the year, boosted by ongoing projects and new orders.
Management Comment:-
Looking ahead, the management is aiming for a top-line of Rs. 12,500 crores to Rs. 13,000 crores for the current financial year, with expected EBITDA margins of 5.75 percent to 6 percent and PAT margins of 5.25 percent to 6 percent.
Additionally, the company is planning to expand its presence into international markets such as Fiji, Maribor, the Philippines, Dubai, and Kuwait.
Company Snapshot:-
NBCC (India) Limited is an India-based firm that offers value-added services. The company is divided into three business segments: project management consulting (PMC), real estate development, and engineering procurement and construction (EPC).
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