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NBCC (India) Ltd

₹ 116-2.10%
07 Jan – close price
🔗nbccindia.in•BSE: 534309•NSE: NBCC
Market Cap₹ 31,331 Cr.
Current Price₹ 116
High / Low₹ 131
Stock P/E50.3
Book Value₹ 9.34
Dividend Yield0.58 %
ROCE32.1 %
ROE24.1 %
Face Value₹ 1.00
Sales₹ 8,995 Cr.
OPM5.94 %
Mar Cap₹ 31,331 Cr.

ABOUT

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.[1]

KEY POINTS

Business Segments1) Project Management Consultancy (PMC) (91% in 9M FY25 vs 92% in FY22):[1][2]The company undertakes civil construction projects, including residential, commercial, and government redevelopment. It also handles national security infrastructure like border fencing, and civil infrastructure including roads and water systems, and executes projects under PMGSY and North Eastern development initiatives. Its clientele includes the Ministry of Defense, Ministry of Home Affairs, Ministry of Finance, Central Universities, IITs, IIMs, AIIMs, Govt of Haryana, Govt of Rajasthan, Govt of Maharashtra, etc. The segment revenue grew by 13% YoY in 9M FY25.[3][4]

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersAggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionOrder Book PositionLarge Order ReceiptsLarge Order ReceiptsLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesCredit Rating UpdatesRed Flags And Poor PerformanceRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4157.0035.57571732.320.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.644.981.32
2.Rail Vikas357.4065.5674435.520.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.806.400.52
3.NBCC116.0550.2831330.860.58172.5539.492093.5213.0532.128995.105.94623.11172.5512.435.930.00
4.IRB Infra.Devl.42.3329.2125569.190.71140.8241.001751.0210.427.828024.6748.08875.41140.821.252.011.02
5.Kalpataru Proj.1173.7024.3119958.360.77237.3991.276528.5732.4315.9525498.998.25821.04240.052.882.360.69
6.KEC International717.0527.9519094.430.77160.7588.216091.5619.1317.9823335.947.26683.11160.753.382.750.94
7.Ircon Intl.177.4227.7716682.861.49136.51-32.681976.75-19.2311.609787.967.43600.65138.652.583.740.80
–Median: 116 Co.132.9818.54526.960.09.2123.05149.5710.7318.3510.6712.7931.749.162.266.930.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
1,5871,9192,0291,4781,6271,6552,2273,0083,2181,5561,6221,8522,094
Expenses
1,5081,8161,9151,4301,5491,5582,1372,8062,9761,4721,5331,7742,011
Operating Profit
781021134878979020224184897883
Other Income
-8245837395840-58-53461578131
Profit before tax
6912617185116153130143186130103156211
Tax %
30%25%25%25%25%26%26%28%26%24%17%21%18%
Net Profit
49941296387114961021379985124173
EPS in Rs
0.180.350.480.230.320.420.360.380.510.370.320.460.64

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4,0404,3965,8126,2795,9057,2455,2104,9475,5476,7368,0278,7258,995
Expenses
3,8154,1085,5045,8755,5046,8695,1944,8615,3886,4317,5838,2108,461
Operating Profit
2252883094044013761787159305444516535
Other Income
13314710189106187235173881518122194
Interest
2441322281285350
Depreciation
1223333222247
Profit before tax
334391404488503558241244237312456630722
Net Profit
24727728735133438480202183231344476552
EPS in Rs
0.921.031.061.301.241.420.300.750.680.861.281.762.05
Dividend Payout %
24%24%42%42%45%30%30%42%49%42%33%38%–

Compounded Profit Growth

10 Years:7%
5 Years:47%
3 Years:28%
TTM:28%

Compounded Sales Growth

10 Years:7%
5 Years:11%
3 Years:16%
TTM:7%

Return on Equity

10 Years:19%
5 Years:19%
3 Years:22%
Last Year:24%

Stock Price CAGR

10 Years:10%
5 Years:40%
3 Years:65%
1 Year:30%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
120120120180180180180180180180180270270
Reserves
1,0071,2041,4051,4941,6411,3851,3441,5121,5951,7351,9592,0582,251
Borrowings
00126000000000
Other Liabilities
3,0643,4203,8984,8435,8296,7406,2656,6676,7616,3206,3327,3766,754
Total Liabilities
4,1914,7445,4356,5237,6508,3057,7898,3588,5368,2348,4729,7039,275
Fixed Assets
2326626564746058576568410407
Gross Block
35.4441.5464.2370.0371.0982.9171.7671.9472.6081.7386.89429.74–
Accumulated Depreciation
12.9015.322.455.057.589.2611.4813.5915.1716.9118.4419.56–
CWIP
00000000018014
Investments
11415223110559359344334332332586576520
Other Assets
4,0554,5665,1426,3537,5287,8727,3857,9668,1477,8377,8098,7178,334
Total Assets
4,1914,7445,4356,5237,6508,3057,7898,3588,5368,2348,4729,7039,275

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-439-1541684392121205186270-1483671,045
Cash from Investing Activity
818-5-30145174153319245-44-229-48672
Cash from Financing Activity
-53-70-85-208-184-127-131-31-90-88-97-258
Net Cash Flow
327-22953376203146239299135-466-217859

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
119141115127140106961211068510093
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
119141115127140106961211068510093
Working Capital Days
-206-0-11-9-38-139-153-146-107-51-81
ROCE %
34%35%28%30%29%33%16%16%20%26%31%32%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%61.75%
FIIs
3.36%3.43%3.84%4.14%4.46%4.33%4.43%4.11%4.15%4.20%4.99%5.34%
DIIs
10.90%10.61%10.33%10.21%10.41%9.94%9.47%9.10%8.94%8.93%11.23%10.97%
Public
24.00%24.21%24.09%23.89%23.37%23.98%24.35%25.03%25.15%25.13%22.02%21.95%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

NBCC India to provide Project Management Consultancy for Seychelles housing project worth USD 75 Million

30th March 2026, 6:47 pm

NBCC India to close trading window from April 1, 2026

25th March 2026, 9:51 pm

NBCC India Secures Rs 319.78 Cr. New Work Orders

19th March 2026, 8:31 pm

NBCC Awarded Rajasthan Convention Centre Project Worth Approx. ₹5,800 Crore

19th March 2026, 8:27 pm

NBCC (India) Secures Work Orders Worth Rs. 76.27 Crore

23rd February 2026, 8:46 pm

Published by Other Websites

External media mentions & references

Breakout Stocks Surge: Top 10 Gainers Set to Dominate Tomorrow's Trading

1st April 2026, 5:36 pm

Midcaps Surge 3% on Geopolitical De-escalation Hopes

1st April 2026, 10:25 am

NBCC Bags $75 Million Housing Deal in Seychelles

30th March 2026, 6:19 pm

NBCC Secures $75M Seychelles Housing Project, Bolstering Global Footprint

30th March 2026, 2:14 pm

NBCC Secures ₹59 Cr Odisha Project Amidst 5.7% Stock Drop

23rd March 2026, 6:34 pm

News Articles

Editorial & research coverage

India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift
India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift

13th February 2026, 8:17 am

SC prioritizes homebuyers, burdens NBCC with Supertech project takeover
SC prioritizes homebuyers, burdens NBCC with Supertech project takeover

5th February 2026, 6:32 pm

SC Mandates NBCC for Supertech Projects: Homebuyers Prioritized
SC Mandates NBCC for Supertech Projects: Homebuyers Prioritized

5th February 2026, 3:45 pm

NBCC Secures ₹271 Cr Orders Amid Valuation Scrutiny
NBCC Secures ₹271 Cr Orders Amid Valuation Scrutiny

3rd February 2026, 4:58 pm

Institutions Eye Penny Stocks: MSWIL, NBCC, Dolat Algotech in Focus
Institutions Eye Penny Stocks: MSWIL, NBCC, Dolat Algotech in Focus

30th January 2026, 11:33 am

Documents

Announcements

Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 134.05 Cr. Approx.

2d - Two Odisha PM consultancy contracts totalling Rs134.05 Cr (Rs45.87Cr; Rs88.18Cr); announced Jan 05, 2026.

Announcement under Regulation 30 (LODR)-Change in Management

31 Dec - Reshma Dudani (Senior Executive Director, Engg.) and Devendra Kumar (Executive Director, Engg.) superannuated effective December 31, 2025.

Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 220.31 Cr. Approx.

31 Dec - NBCC received work orders worth Rs.220.31 Cr for Canara Bank and two JNV campuses (Dec 31, 2025).

NBCC Successfully Concludes E-Auction Of Residential Units At Aspire Leisure Valley, (2 Towers: Tower No 7 & 8) At Gr. Noida (W), UP And Aspire Silicon City, Ph-IV (Tower No.05) At Sec-76, Noida, UP; Sub-Package-4

30 Dec - Sold 417 residential units across Towers 7,8 (Aspire Leisure Valley) and Tower 5 (Aspire Silicon City) for ~Rs.1,045.40 crore.

Settlement Of Land Disputes Between NBCC (India) Limited And The Government, NCT Of Delhi (GNCTD)

26 Dec - NBCC to receive 21.23 acres via perpetual lease; 42.46-acre land split with GNCTD; development/sub-lease rights per MPD-2021.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

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Financial Year 2021

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Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2017

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Financial Year 2016

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Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2007

(from bse)

Credit Ratings

Rating update

16 Dec from crisil

Rating update

17 Sep 2024 from crisil

Rating update

1 Aug 2023 from crisil

Rating update

3 Jun 2022 from crisil

Rating update

26 May 2022 from crisil

Rating update

19 Apr 2021 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

  1. NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments: Project Management Consultancy (PMC), Engineering Procurement & Construction (EPC), and Real Estate.

Key Growth Triggers

  1. The company benefits from consistent government spending on infrastructure, urban development, and redevelopment projects. Its strong track record in Project Management Consultancy, coupled with strategic real estate ventures and potential international expansion, drives growth. Regular securing of large domestic orders from public sector banks, educational institutions, and government bodies supports its business pipeline.

Order Book

  1. Order Book: June 2025 = ₹ 1,20,307 Cr. This new order adds ₹55.02 Cr.

Key Red Flags

  1. Previous auditor reports have highlighted ongoing matters concerning land, project issues, and tax disputes, although these have typically concluded with unmodified opinions.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

30th Mar 26
Impact Rating: 8
NBCC India has received a Letter of Intent to be appointed Project Management Consultant for affordable housing and infrastructure works in Seychelles, valued at USD 75 Million and funded by EXIM bank.
25th Mar 26
Impact Rating: 8
NBCC India has informed exchanges about the closure of its trading window starting April 1, 2026. This closure, related to the quarter and financial year ending March 31, 2026, will persist for 48 hours post financial results announcement.
19th Mar 26
Impact Rating: 7
NBCC (India) Limited secured three significant work orders valued at approximately Rs 319.78 crore (excluding GST). These contracts are for housing complex construction, major bridges, and incubation centres.
19th Mar 26
Impact Rating: 8
NBCC (India) Limited will develop the Rajasthan Mandapam Convention Centre and allied urban infrastructure projects. The total project value is estimated at approximately ₹5,800 crore.
23rd Feb 26
Impact Rating: 7
NBCC (India) Limited announced receiving work orders totalling approximately ₹76.27 crore for construction of academic and hostel buildings and external development works for Dharanidhar University in Keonjhar.