Rs 1,00,000 Crore Order Book: Civil Construction Company Bags Orders Worth Rs 120.90 Crore From Andhra Pradesh & New Delhi

The stock is up by 17.4 per cent from its 52-week low is Rs 70.82 per share

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.

Order Bagged

NBCC (India) Limited has announced the receipt of new work orders totalling approximately Rs 120.90 crore. These projects, secured in the normal course of business, include the construction of a multistoried building to house six courts for the High Court of Andhra Pradesh in Gudivada (valued at Rs 46.69 crore), the construction of a 14-court building complex in Bhimavaram, Andhra Pradesh (valued at Rs 72.17 crore), and an upgradation/renovation work on the 5th floor of the TEC Building in New Delhi for C-DOT (valued at Rs 2.04 crore).

Results

According to the Quarterly Results, the net sales increased by 16.6 per cent to Rs 2,826.96 crore and the net profit increased by 25.4 per cent to Rs 142.43 crore in Q3FY25 over Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 7,429.84 crore and the net profit increased by 37 per cent to Rs 374.76 crore in 9MFY25 over 9MFY24.

The company's order book as of December 31, 2024, stands at Rs 1,00,000 crore. As of December 2024, 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 17.4 per cent from its 52-week low is Rs 70.82 per share. Investors should keep an eye on this Mid-Cap stock. 

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