Rs 50,000 crore order book: NBCC bags new orders worth Rs 687 crore in January; do you hold it?

These contract wins solidify NBCC’s position as a leading player in the construction sector, particularly in the education and public infrastructure domains.

NBCC (India) Limited, a construction giant, is experiencing a lot of new project wins in January, exceeding even their own massive Rs 50,000 crore order book. With new contracts exceeding Rs 687 crore secured in just this month.

About the work orders

One major win involves building multiple Jawahar Navodaya Vidyalaya (JNV) schools in the Northeastern states. These Phase-A and Phase-B projects, range from Rs 12 crore to Rs 50 crore each.

The company recently bagged a Rs 3.13 crore contract to renovate the swimming pool at the prestigious Civil Services Officers Institute (CSOI) in New Delhi, showcasing its versatility and ability to handle diverse construction needs.

Adding another feather to their cap, NBCC was awarded the interior and fit-out works of the Lokpal of India’s new office at the World Trade Centre. This Rs 25.38 crore project highlights their expertise in public infrastructure and positions them as a trusted partner for sensitive government projects.

Continuing their momentum, NBCC secured the construction of the National Institute of Fashion Technology (NIFT) campus in Varanasi, Uttar Pradesh, valued at Rs 218 crore. This not only expands their geographic reach but also demonstrates their expertise in specialized infrastructure projects.

These wins come along with administrative approval for a cost increase on the BPS Government Medical College project, further solidifying their presence in the healthcare sector.

Furthermore, NBCC’s wholly-owned subsidiary, HSCC (India) Limited, bagged a Rs 76.62 crore project management consultancy contract for the Research Institute of Yoga & Naturopathy in Assam. This further reinforces NBCC’s commitment to diversified projects and national development.

With a robust order book, diverse project portfolio, and expertise across sectors, NBCC is poised for continued growth. Their dedication to social impact and public infrastructure development makes them a strong investment prospect for those seeking a well-positioned, socially conscious construction giant.

Financial Performance

NBCC (India) Limited reported a strong robust quarter for FY24, with a net sales increase of 1.72% to Rs 2,047.70 crore, compared to Rs 2,013.08 crore in the same quarter last year. The operating profit also experienced a significant increase of 29.29%. The net profit for the quarter stood at Rs 81.79 crore, which was Rs 97.69 crore in the previous year’s same quarter.

Business Overview

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs.

Stock Price Movement

Today, the stock opened at Rs 92.20, with a high and low of Rs 92.94 and Rs 89.66, respectively. The stock is currently trading at Rs 89.93, which decreased by 2.28%. The stock has a 52-week high of Rs 94.37 and a 52-week low of Rs 30.96. The company has an ROCE of 26.4% and an ROE of 19.0%, with a market capitalization of Rs 16,137 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

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.