Leading Navratna CPSE NBCC shares today plunged 2.22% and 8.48% in last 1-week on Bombay Stock Exchange (BSE). The state-owned company today informed about its upcoming meeting of Board of Directors scheduled to be held on February 11, 2025. The company will consider financial results for the quarter and nine-months ended on December 31, 2024 and interim dividend. Last trading price of NBCC on BSE today stood at Rs 87.04 per share. Its market capitalisation is Rs 23,500.80 crore.
The stock has been backed by Life insurance corporation of India (LIC) as it has stake of 5.11% in NBCC as of December 2024 quarter. The company on January 24, 2025 bagged two orders worth Rs 148.40 crore and 81.35 crore from Health Ministry & Family Welfare and Indian Institute of Management, Visakhapatnam. Check more details about NBCC (India) Ltd below:
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As per the exchange filing of NBCC dated January 28, 2025, “Board of Directors of the Company is scheduled to be held on Tuesday, February 11, 2025, inter alia to:
The regulatory filing of the PSU stated, “February 14, 2025 would be the “Record date” for the purpose of payment of interim dividend on equity shares for the Financial Year 2024-25, if declared by the Board in their meeting to be held on February 11, 2025 (Tuesday).”
Record date is crucial in determining shareholders’ eligibility for dividend. Shareholders whose name appears in firm’s record on the record date for dividend will become eligible for dividend. Record date is the date when the firm finalises list of shareholders qualified for the company’s dividend distribution. In the case of NBCC, the record date has been fixed as February 14, 2025. Therefore, shareholders must buy NBCC shares (only after taking SEBI’s registered advisor’s advice) before the record date to receive dividend.
The PSU recommended a total of 15 dividends since August 30, 2012. In last 1-year, NBCC (India) recommended an equity dividend amounting to Rs 0.63 per share. At last trading price of Rs 87.04 apiece, NBCC offers a dividend yield of 0.72%. And, after adjusting for bonus issue/ stock split the dividend yield is 0.48%, according to Trendlyne.
It recommended 2 bonuses since February 17, 2017. The PSU’s last bonus was recommended in the proportion of 1:2 with ex-date set as October 7, 2024.
The 52-week high price of NBCC (India) Ltd shares on BSE is Rs 139.90 per share (as on 28/08/2024) and 52-week low price is Rs 70.14 per share (as on 14/03/2024), respectively. It offers a return on equity (ROE) at 18.18%. NBCC shares slipped 25.26% in last 6-months, gained over 13.73% in last 1-year, and surged 267.10% in last 2-years.
Its consolidated net profit rallied by 53% to Rs 125.13 crore for September 2024 quarter as compared to Rs 81.90 crore net profit in the corresponding quarter of last year. It announced the total income jumped to Rs 2525.95 crore for September 2024 quarter as against Rs 2134.36 crore in the similar quarter of last year, as per the BSE filing. NBCC’s revenue for the quarter under consideration declared at Rs 2458.7 crore from Rs 2085.5 crore in the year ago period, indicating a growth of 19.4%.
Founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce, according to its official website.
The story highlights dividend and Q3 results and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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