NBCC stock jumps after receiving ₹55 Cr order from Indian overseas bank

Synopsis: NBCC has received a Rs 55.02 crore PMC order from Indian Overseas Bank for its office at Raipur, thereby adding low-risk and asset-light inflows. The PSU-backed mandate further improves revenue visibility, supports stable margins, and strengthens NBCC’s positioning as a trusted government infrastructure partner and for its 1.28 lakh crore order book.

The shares of this company, which is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs and Co. and operates in three major segments: project management consultancy, engineering procurement & construction, and real estate, had its shares in the news following the order it bagged from Indian Overseas Bank.

With the market cap of Rs 27,918 crore, the shares of NBCC (India) Ltd have gained about 2% and reached a high at Rs 106.90, compared to their previous day’s closing price of Rs 105.20. The shares are trading at a PE of 41.8, whereas its industry PE is at 17.4, and the shares have given a return of almost 370% over the last 5 years.

About the order

NBCC India has received a Rs 55.02 crore work order from Indian Overseas Bank for the planning, design, execution, and handover of its new regional office in Raipur, adding steady inflows to its institutional order book. The order, given in the normal course of business, reflects continued traction in PSU-led infrastructure projects.

The contract is structured as a project management consultancy assignment and hence fits into NBCC’s asset-light business model. Such projects have lower working capital intensity and execution risk while providing predictable margins. The additional presence of a PSU bank as a client enhances payment visibility while reducing counterparty risk and supports earnings stability.

Strategically, the order reinforces NBCC’s strong relationship with the government and PSUs, which continues to be a key driver of repeat business. The arm’s-length nature of the contract, with no related-party exposure, enhances governance comfort and adds to NBCC’s credibility as a preferred partner for large public-sector construction and redevelopment projects in the future.

Financials 

The revenue from operations for the company stood at Rs 2,910 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 2,446 crores, up by about 19 per cent YoY. Similarly, the net profit stood at Rs 157 crore in Q2 FY26, up compared to the Rs 125 crore profit in Q2 FY25

As of 30 September 2025, the NBCC Group order book remains solid at Rs 1.28 lakh crore, with the major portion of the order book from the standalone NBCC business of Rs 1.12 lakh crore, highlighting the company’s leadership in government-driven construction and redevelopment programmes. Contributions from order surplus subsidiaries HSCC of Rs 8,368 crore (in the healthcare sector) and HSCL of Rs 7,185 crore (in the engineering sector) are significant, along with the marginal contributions from order surplus subsidiary NSL of Rs 328 crore.

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