NBCC (India) Ltd | Mid-Cap Stock Performance Analysis

Stocks
1

Multibagger stock NBCC bags new work order; details inside

This mid-cap stock has given multi-bagger returns of 111.53% in just 3 months and in the past year the company’s shares have yielded a whopping return of 328.08%.

About the Expansion
NBCC (India) Ltd which is Navratna company in the business of Project Management Consultancy, Engineering Procurement & Construction, and Real Estate has reported to the exchange that it has been awarded an order for the construction of a permanent campus of the National Institute of Technology (NIT) Sikkim located at Dung Dung Khamdong, Gangtok, Sikkim. The total cost for the order stands at Rs 560 crore.

Yesterday also company reported that it has awarded three different orders from Rani Lakshmi Bai Central Agriculture University, High Court for the State of Telangana and Institute of Chartered Accounts of India totalling worth Rs 365.05 crore. As of November 1, 2023 company’s consolidated order book stands at Rs 55,300 crore approximately. Consolidated new orders secured in the current financial year FY24 stand at Rs 7,000 crore.

Stock Performance
In the last trading session, the stock closed at Rs 141.30. Today it opened at Rs 142.55 and closed at 142.55, up by 0.88%. The company’s 52-week high stands at Rs 176.50, while its 52-week low stands at Rs 30.96. Currently, the company boasts a market capitalisation of approximately Rs 25,600 crore. In just the last 3 months, the shares of the company have given a multibagger return of 111.53%. In the past six months, shares of the company increased in value by 200.93%, and in the past year, the company’s shares have yielded a whopping return of 328.08%. Over the past year, BSE Industrials have changed by 68.21%.

About the company
National Buildings Construction Corporation (NBCC) was established in 1960 as a government-owned undertaking under the Ministry of Urban Development (MoUD). The President of India holds the majority of the company’s equity share capital. It operates in three primary segments: project management consultancy (PMC), engineering procurement and construction (EPC) and real estate development. PMC focuses on executing landmark projects in various sectors, while EPC focuses on niche markets and constructing power sector chimneys and cooling towers.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

3

NBCC Receives Rs 878.17 Crore worth new work orders; Stock surged nearly 10%

This post examines NBCC’s recent project acquisitions, financial achievements, and future prospects, grounded in its steady growth trajectory.

NBCC (India) Limited, a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs, recently secured several significant projects, highlighting its robust operational performance and steady growth in the construction and real estate sectors. The company, operating in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate segments, has been awarded works amounting to Rs. 878.17 crore, underscoring its capabilities and reputation in the industry.

Project Acquisitions:

NBCC’s recent project acquisitions include the development of 17.4 acres in Kakkanad, Ernakulam District, Kochi & Coine, named “Bliss City,” for Kochi Metro Rail Limited (KMRL), valued at Rs. 700.00 crore. Additionally, the company secured projects such as the construction of a Boys College at Hindu College, University of Delhi, New Delhi, valued at Rs. 69.71 crore, and the construction of an office cum training institute for the Institute of Company Secretaries of India (ICSI) at Khaitabad, Hyderabad, Telangana, worth Rs. 8.62 crore. Moreover, NBCC bagged the construction project of Oil India Limited’s Centralized Core Repository with Advance Laboratory Facilities at Guwahati, Assam, valued at Rs. 99.84 crore.

Financial Achievements and Future Outlook:

In the fiscal year '23-'24, NBCC witnessed all-time high revenues of Rs. 433 crore, marking an 18% increase on a consolidated level, along with a significant jump in profitability, recording a Profit Before Tax (PBT) of Rs. 559 crore, a 50% increase on a consolidated level. The company also secured record new business worth Rs. 23,500 crore, reflecting a 250% increase. Looking ahead, NBCC aims to achieve a top-line of Rs. 12,500 crore to Rs. 13,000 crore in the next financial year, with expected order inflow of around Rs. 25,000 crore and awards of Rs. 12,000 crore to Rs. 15,000 crore.

Conclusion

NBCC’s recent project acquisitions totaling Rs. 878.17 crore, coupled with its impressive financial achievements and optimistic future outlook, underscore the company’s strong position in the construction and real estate sectors. With a robust pipeline of projects, strategic expansion plans, and a commitment to delivering excellence, NBCC continues to be a key player in driving growth and development in the Infrastructure Developers & Operators industry

Shares of NBCC Ltd closed at Rs 157 per piece and saw spurt in Volume by more than 2.41 times following this news. The stock has delivered 91.81% returns for the year till date.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

4

NBCC Bags Rs 100 cr from Oil India to build core repository in Guwahati

NBCC Limited has said it has bagged a contract worth Rs.100 crore with Oil India to construct a centralized core repository in Guwahati, Assam.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The company has a total market capitalization of more than Rs.25,000 crores.

NBCC Bags Rs.100 crore from Oil India

State-owned NBCC (India) Limited has secured a significant contract worth approximately Rs.100 crores from Oil India. This contract involves the construction of a centralized core repository equipped with advanced laboratory facilities in Guwahati, Assam. In an official statement released on Wednesday, NBCC Ltd. announced the signing of a Memorandum of Understanding (MoU) with Oil India for this project. The repository, aimed at enhancing Oil India’s research and development capabilities, will feature state-of-the-art laboratory infrastructure. This collaboration highlights NBCC’s commitment to delivering high-quality construction services and Oil India’s focus on advancing its technological and analytical facilities. This strategic project bagged by NBCC Ltd. is valued at approximately Rs.100 crores.

Recent Orders allotted to NBCC

Recently, NBCC (India) Limited has secured several notable contracts. It received a Rs 700 crore work order from Kochi Metro Rail Ltd to develop 17.4 acres in Kakkanad and Ernakulam, Kerala. Additionally, NBCC will construct a boys’ hostel for Hindu College, University of Delhi, valued at around Rs.70 crores. Moreover, the company will build an office-cum-training institute for the Institute of Company Secretaries of India (ICSI) in Khaitabad, Hyderabad, worth approximately Rs.9 crores.

Conclusion
The Rs.100 crores contract with Oil India highlights NBCC’s capabilities in delivering specialized infrastructure projects. This initiative to build a centralized core repository with advanced laboratory facilities in Guwahati, Assam, demonstrates NBCC’s commitment to supporting technological advancements and contributing to the development of critical research infrastructure. The stock of NBCC Ltd. closed at Rs.155.20 a piece.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

5

NBCC Secures New Order: Stock Price Rises

The stock is buzzing on the bourses due to a significant order worth Rs 36 crore received from the National Institute of Technology, Patna.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.

Recent Stock Performance

On Thursday, the shares of NBCC gained 2.64%, with the stock touching its day’s high of Rs 175. The stock opened at Rs 171.52 and hit a low of Rs 170.72. The recorded trading volume was over 3.2 crore, which is higher than its 10-day and 30-day average volume. This indicates increased investor interest and confidence in the stock.

Reasons for the Buzz

The stock is buzzing on the bourses due to a significant order worth Rs 36 crore received from the National Institute of Technology, Patna. The order is for Project Management Consultancy (PMC) for the supervision of construction and development of an incubation centre at NIT Patna (Bihar Campus), Patna. This new order adds to NBCC’s robust portfolio and demonstrates its expertise in managing large-scale projects.

Financial Targets and Order Book

NBCC is targeting a top-line of Rs 12,500-13,000 crore and expects EBITDA margins of 5.75% to 6%. PAT margins are anticipated to be in the range of 5.25% to 6%. The company expects an order inflow of around Rs 25,000 crore, with awards ranging from Rs 12,000 crore to Rs 15,000 crore. NBCC boasts an impressive order book of Rs 64,000 crore, with 66% from Project Management Consultancy and 34% from redevelopment. These targets reflect the company’s strategic vision and commitment to growth.

Stock Performance Over Different Time Frames

In the last one week, NBCC shares have added 9.91%. Over the past month, the stock has gained 28.25%, and in three months, it has surged by 37.44%. Looking at the long-term performance, the stock has rallied 332.6% in the last year and provided returns of 222% over the last three years. This strong performance highlights the company’s resilience and its ability to deliver consistent returns to shareholders.

Conclusion

NBCC (India) Limited’s recent stock performance, driven by significant new orders and a robust financial outlook, underscores its position as a key player in the sector. The company’s strategic focus on high-margin projects and a substantial order book provides a solid foundation for future growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.