1:2 bonus share & Rs 81,000 crore order book: PSU civil construction company bags new order worth Rs 101 crore from National Highways Authority of India

The stock gave multibagger returns of 200 per cent in just 1 year whereas BSE Sensex is up by 28 per cent.

NBCC (India) Limited has been awarded the prestigious contract of Project Management Consultant (PMC) for National Highways 101.00. This project involves the construction of a permanent office building for the Regional Offices (ROs) cum Project Implementation Units (PIUs) of the National Highways Authority of India (NHAI). This significant win adds to NBCC's growing portfolio of infrastructure projects.

Earlier, NBCC (India) Limited had secured another important project, the Project Management Consultant (PMC) for the construction and development of various infrastructure works at the Indian Institute of Information Technology (IIIT), Nagpur. This project, valued at approximately Rs 75.00 crore, will be executed under the EPC mode and further strengthens NBCC's position in the education and research sector.

Furthermore, the Board of Directors of the company approved bonus shares in the ratio 1:2 i.e., 1 new fully paid-up equity share of Re 1 each for every 2 existing fully paid-up equity shares of Re 1 each to the eligible members of the company as on record date. The Board has fixed Monday, October 07, 2024, as the Record date to determine the eligibility of members to receive bonus shares.

About NBCC (India) Ltd

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 specialize 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. This diversified approach has positioned them as a leading construction enterprise in India.

Results

According to the Quarterly Results, the net sales increased by 11.32 per cent to Rs 2,144.16 crore and the net profit increased by 38.4 per cent to Rs 107.20 crore in Q1FY25 over Q1FY24. In its annual results, the net sales increased by 17.53 per cent to Rs 10,432.64 crore and the net profit increased by 49.54 per cent to Rs 414.27 crore in FY24 over FY24.

Order Book: The company's order book as of June 30, 2024, crosses Rs 81,000 crore. The current year target is around Rs 10,000 crore turnover at the standalone and Rs 13,000 crore at the consolidated level

As of June 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.96 per cent stake in the company. The stock gave multibagger returns of 200 per cent in just 1 year whereas BSE Sensex is up by 28 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.