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Sanjay Ahuja

9th Jul 2025 · SEBI-Registered Analyst

FUNDAMENTALLY STRONG STOCK WITH ORDER BOOK OF 10 TIMES MORE THAN IT'S ANNUAL REVENUE

NBCC
is a Navratna PSU company which specializes in project management consultancy, engineering procurement & construction, and real estate development. With a market cap of Rs 31,000 crore, the stock price has risen by more than 50% in the last quarter. NBCC is seen as a preferred Central Public Sector Enterprise (CPSE) due to its expertise in redeveloping government land, reviving stalled private real estate projects, and constructing buildings and hospitals. The company has delivered a 47% compound annual growth rate (CAGR) in earnings between FY2020 and FY2025, significantly outperforming the average 8% CAGR seen in the broader PSU engineering consultancy space. Further, the company’s EBITDA margin improved to 6.25% from 6.09% in the previous year, showing a steady improvement in profitability.
NBCC
has a consolidated order book of Rs 1.20 lakh crore through it's key subsidiaries such as HSCC, HSCL, and NSL. This large order book will further strengthen it's diversified portfolio and leadership in the industry.

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