Navratna CPSE, NBCC continues to win back-to-back new orders, although, its share price stays volatile. After crossing Rs 100 mark during Muhurat trading session, the PSU stock could not retain the levels by end of November 4, 2024. Nonetheless, NBCC stock has risen by more than 117% since last year, and even rewarded investors with bonus issue of 1:2 ratio in Q2 of FY25.
NBCC (India) Ltd Share Price:
At the time of writing, NBCC shares were down by 1.6% to trade at Rs 96.08 apiece on BSE, with market cap at Rs 25,941.60 crore. NBCC continues to witness bearish trend.
The stock closed at Rs 97.68 apiece on November 4th, with market cap of Rs 26,373.60 crore. The stock's 52-week high and low is at Rs 139.90 apiece and Rs 42.55 apiece respectively.
Price-to-equity ratio is at 47.80x, while return on equity is around 17.20%. YTD, NBCC shares zoomed by over 79% on BSE, while in a year, the upside is more than 117%. NBCC's 5-year gains are around 259.51%.
NBCC (India) Ltd New Order:
At the latest, as per the regulatory filing on Monday, NBCC announced that it bagged a new order of Rs 65 crore from Bank of Baroda. The order was signed by its subsidiary Hindustan Steelworks Construction Limited (HSCL) for the development works at the Bank's Commercial plot at Financial City, Bengaluru Hardware Park, Bengaluru on a deposit work basis.
Earlier on November 1st, the company won the order for the Construction of the Multipurpose Examination Hall Cum Innovation Centre at Mahatma Gandhi Kashi Vidyapith University Varanasi amounting to Rs. 44 core approximately. It also won a new order of Rs 05 crore for the repair and renovation of the Panani Bhawan/ academic block at Sampurnanana Sanskrit University, Varanasi.
NBCC Upcoming Event:
As per the regulatory filing, the company is scheduled to meet on November 13, to approve the unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2024.
NBCC has a long history of bonus issues, stock splits and dividend payout.
Dividends: Since August 2012, the company distributed 15 dividends, as per Trendlyne data. In the past 12 months, the dividend payout was Rs 0.63 per share. Currently, it has a dividend yield of 0.36%.
Stock Splits: NBCC has split its shares twice. The first stock split was of a 1:5 ratio in June 2016, where its face value of Rs 10 was cut to Rs 2 each. Further, the second split was 1:2, where the face value of Rs 2 was cut to Rs 1 each.
Bonus Issues: NBCC has carried only one bonus issue that was of 1:2 ratio in February 2017. Meaning, that NBCC distributed 1 free share of existing 2 shares to eligible shareholders.
BUY/SELL NBCC?
The consensus recommendation from 4 analysts for NBCC (India) Ltd. is SELL, as per the Trendlyne data. NBCC (India) Ltd.'s Revenue was higher than average estimate 3 times in past 3 years
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