NBCC wins massive Rs 15,000 cr order! The company has bagged a contract to develop a 406-acre satellite township at Rakh-e-Gund Akshah, Bemina in Srinagar.
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NBCC (India) Limited has secured new contracts valued at approximately Rs. 720 crores. The larger project involves the development of two land parcels in Jhansi on a self-sustainable basis for the Jhansi Development Authority. This contract, worth around Rs. 710 crores, represents the bulk of the new business. A smaller, Rs. 9.97 crore contract for the construction of a new building in Hyderabad for the Institute of Company Secretaries of India
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While the stock is doing well and my investment returns are decent, my one worry is about their margins.
Read somewhere that being a PSu they have limit restrictions of 5-6 .
Anyone has info on this ?
E.g. is it only for pay projects?
Will they ever be able to increase margins > 6%.
If not then the growth is limited to rev growth with sentiments (pe) volatility.
Pl share your thoughts.
Disc: invested in 2021 at lower levels and holding.
- 75 Crore Order win.
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Superb. Also making very good Cup with Handle Pattern. With highest TTM profit.
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Another order win
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