NBCC share price order win

NBCC Shares Rally Over 8% on Significant ₹411.45 Crore Order Win

Shares of NBCC (India) rallied over 8% in intra-day trading on Monday after the state-owned construction major announced a significant order win by its subsidiary, HSCC (India) Limited. This development marks another milestone for NBCC as it continues to expand its portfolio of high-value projects. In this post, we will explore the details of the order, NBCC’s stock performance, and the company’s financial health.

HSCC (India) Secures Major Order

Project Overview

HSCC (India) Limited, a wholly-owned subsidiary of NBCC (India), has secured an order worth ₹411.45 crore from the Medical Education & Ayush Department, Government of Maharashtra. The order involves constructing a new government medical college with a capacity of 100 students and a 430-bed hospital in Buldhana, Maharashtra.

Scope of Work

Under the terms of the order, HSCC (India) will be responsible for the entire construction project, which includes developing the medical college and the hospital. This project is a significant addition to HSCC’s portfolio and aligns with NBCC’s strategic goal of expanding its presence in the healthcare infrastructure sector.

Stock Performance

Recent Surge

Following the announcement, NBCC’s stock surged as much as 8.1%, reaching a day’s high of ₹188.80. This rally positions the stock just around 5% below its 52-week high of ₹198.25, achieved on July 9, 2024. The stock has shown remarkable growth, soaring 344% from its 52-week low hit on July 28 last year.

Year-to-Date Growth

Over the past year, NBCC shares have rallied over 303%, with a notable jump of over 131% in 2024 year-to-date (YTD). The stock has provided positive returns in six of the seven months this year, advancing 17.5% in July alone, extending gains for the fourth consecutive month. It saw a 10% rise in June, 2.2% in May, and a 17.5% gain in April. The only exception was March 2024, where the stock dipped by 12%. Earlier in the year, the stock also added 4.5% in January and 58.7% in February.

Financial Performance

Strong Quarterly Results

Financially, NBCC has shown robust performance. The company’s profit rose 24.6% year-on-year to ₹141.5 crore in the March quarter of FY24, up from ₹113.6 crore in the same quarter the previous year. Additionally, NBCC’s revenue surged 43% annually to ₹4,025 crore in Q4FY24, compared to ₹2,814 crore in Q4FY23.

Operating Performance

On the operating front, earnings before interest, taxes, depreciation, and amortisation (EBITDA) more than doubled to ₹240.2 crore in Q4FY24 from ₹104.5 crore in Q4FY23. The EBITDA margin also improved significantly, increasing by 230 basis points to 6% in Q4FY24 from 3.7% in Q4FY23.

About NBCC (India)

NBCC (India) is a prominent construction company that provides a wide range of services, including project management consultancy, real estate development, engineering procurement, construction, and civil engineering. The company also specializes in water treatment plants, water supply networks, and solid waste management. With a strong track record of executing high-value projects, NBCC continues to play a crucial role in India’s infrastructure development.

Conclusion

NBCC’s recent ₹411.45 crore order win from the Government of Maharashtra is a significant boost for the company, reflected in the surge in its share price. With strong financial performance and a growing portfolio of high-value projects, NBCC is well-positioned for continued growth. Stay tuned for more updates on NBCC’s projects and market performance.

FAQs

1. What caused NBCC’s share price to surge on Monday?

A. NBCC’s share price surged following the announcement of a significant ₹411.45 crore order win by its subsidiary HSCC (India) Limited.

2. What is the value of the order secured by HSCC (India)?

A. The order is valued at ₹411.45 crore.

3. What project will HSCC (India) be working on?

A. HSCC (India) will be constructing a new government medical college with a capacity of 100 students and a 430-bed hospital in Buldhana, Maharashtra.

4. How has NBCC’s stock performed over the past year?

A. NBCC’s stock has rallied over 303% over the past year, with a notable jump of over 131% in 2024 year-to-date.

5. What are NBCC’s primary services?

A. NBCC provides project management consultancy, real estate development, engineering procurement, construction, civil engineering, water treatment plants, water supply networks, and solid waste management.