Navratna Infra shares rose 5 percent following the announcement of Rs.1,467 crores in revenue from the sale of 446 residential units in Noida. The strong sales performance highlights the company’s robust demand in the residential real estate market and has attracted significant investor interest.
During Monday’s trading session, the shares of NBCC (India) Ltd’s share price reached an intra-day high of Rs.116.44 per share, rising 4.8 percent from its previous close of Rs.111.08 apiece. The shares retreated slightly from the peak and closed at Rs.116.10 apiece. Over the past five years, the shares have delivered over 920 percent returns.
Residential Sales Highlights
NBCC (India) Ltd. has completed the e-auction of its flagship residential project, Aspire Silicon City Phase 4, awarding development and selling rights to AU Real Estate for Rs.1,467.93 crore. The deal was disclosed to the National Stock Exchange on Saturday.
The project is located in a well-developed sector of Noida and covers 8.5 acres with seven residential towers. Five of these towers, containing 446 apartments, have been transferred to AU Real Estate as part of the transaction.
Real estate experts note that the project’s prime location and premium design are expected to draw strong interest from homebuyers. Demand in Noida is rising for larger homes that offer lifestyle upgrades and modern amenities.
The consolidated order book across the business stands at Rs.1 lakh crore as of January 2025. NBCC (National Buildings Construction Corporation) leads with Rs.82,500 crores, followed by HSCC (Hospital Services Consultancy Corporation) with Rs.10,600 crores, HSCL (Hindustan Steelworks Construction Limited) at Rs.6,800 crores, and NSL (NBCC Services Limited) contributing Rs.200 crores. This diversified order book reflects a strong and balanced portfolio across multiple subsidiaries.
Strategic Acquisition
NBCC Overseas Real Estate LLC is a newly incorporated wholly owned subsidiary of NBCC (India) Limited, with a nominal and paid-up capital of AED 1,000,000. The subsidiary operates in the real estate sector, focusing on buying and selling property in Dubai Mainland. The acquisition aims to expand NBCC’s footprint in international real estate markets. Governmental approvals include prior clearance from the Department of Investment and Public Asset Management, with RBI approval for Overseas Direct Investment still pending.
Financial Performance
In its latest financial update for Q3 FY25, NBCC Ltd reported revenue of Rs.2,827 crore, marking a growth of approximately 16.7 percent compared to Rs.2,424 crore in Q3 FY24. On a sequential basis, revenue rose by about 14.9 percent from Rs.2,459 crore in Q2 FY25, reflecting stable and improving operational performance.
The company posted a net profit of Rs.142 crore, up around 24.6 percent from Rs.114 crore in Q3 FY24. Compared to Rs.125 crore in Q2 FY25, net profit increased by 13.6 percent, indicating reasonable growth.
The company has a Return on Capital Employed (ROCE) of 31.72 percent and a Return on Equity (ROE) of 23.85 percent. Its Price-to-Earnings (P/E) ratio stands at 52.66, higher than the industry average of 46.93. Furthermore, the company maintains a current ratio of 1.18, a debt-to-equity ratio of nil, and an Earnings Per Share (EPS) of Rs.2.11.
Written by – Siddesh S Raskar
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