Rs 1,20,533 Crore Order Book: Civil Construction Company Reports Stellar Results & Announces 14 Per Cent Dividend
The stock is up by 78.5 per cent from its 52-week low is Rs 70.82 per share.
On Friday, shares of NBCC (India) Ltd-backed by the President of India & LIC; jumped 6.23 per cent to Rs 123.37 per share from its previous closing of Rs 116.14 per share with a spurt in volume by more than 4 times on BSE. The stock’s 52-week high is Rs 139.90 and its 52-week low is Rs 70.82. The company has a market cap of Rs 33,310 crore and has been maintaining a healthy dividend payout of 33 per cent.
NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialise in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls.
Results
According to the Quarterly Results, the net sales increased by 16 per cent to Rs 4,643 crore and the net profit increased by 30 per cent to Rs 183 crore in Q4FY25 over Q4FY24. In its annual results, the net sales increased by 15 per cent to Rs 12,039 crore and the net profit increased by 35 per cent to Rs 557 crore in FY25 over FY24.
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Dividend
The Board of Directors have recommended a final dividend at 14 per cent i.e., Rs 0.14 per paid up equity share of Re 1 each (subject to deduction of TDS) for the FY 2024-25 subject to approval of shareholders in the ensuing Annual General Meeting. The final dividend (if declared) would be paid within 30 days from the date of declaration at the AGM.
The company's order book as of March 31, 2025, stands at Rs 1,20,530 crore. As of March 2025, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock is up by 78.5 per cent from its 52-week low is Rs 70.82 per share.
Disclaimer: The article is for informational purposes only and not investment advice.