NCC Limited
₹114.55-₹3.65 (-3.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹9,406 Cr
- P/E
- 13.1x
- EV / EBITDA
- 4.3x
- Revenue
- ₹19,205 Cr
- Net margin
- 3.4%
- ROCE
- 21.1%
Price chart
Technical chartScreen technicals →-46.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -11.1%
- 3M
- -18.7%
- 6M
- -30.0%
- 1Y
- -46.2%
- 5Y
- +52.7%
52-week range
Day change -₹3.65 (-3.1%) from ₹118 to ₹115 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NCC, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 17.4%
Concerns1
- Low return on equity of 9.3%
Rule-based from financial data. Not advice.
About the company
NCC Limited operates in the construction business in India and internationally. It operates through the Construction, Real Estate, and Others segments.
Read moreShow less
NCC Limited operates in the construction business in India and internationally. It operates through the Construction, Real Estate, and Others segments. The company constructs buildings, including hospitals, medical colleges, airports, sports complexes, housing projects, IT parks, and industrial and commercial buildings; transportation projects comprising access-controlled highways, road EPC projects, airstrips, metros, tunnels, bridges, and flyovers; and water and environment projects, such as water supply projects, water treatment plants, water distribution networks, underground drainage, and sewage treatment plants. It also engages in the irrigation projects, including lift irrigation schemes, dams, reservoirs, canals, tunnels, barrages, spillways, and aqueducts; mining projects that consist of overburden removal, coal excavation and transportation, and mine development and operation; railway projects, which include civil EPC, track laying, signaling and telecommunication, dedicated freight corridor, and high-speed rail; and electrical projects comprising transmission and distribution lines, substations, project electrification, and system improvements and smart meters. The company was formerly known as Nagarjuna Construction Company Limited and changed its name to NCC Limited in March 2011. NCC Limited was founded in 1978 and is headquartered in Hyderabad, India.
- Sector
- Industrials
- Shares outstanding
- 62.7 Cr shares
- ISIN
- INE868B01028
- BSE code
- 500294
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹9,406 Cr
- P/E
- 13.1x
- P/B
- 1.2x
- EV / EBITDA
- 4.3x
- EV / Sales
- 0.4x
- P/S
- 0.5x
- Earnings yield
- 7.6%
- 52-week high
- ₹214.05
- 52-week low
- ₹114.55
Profitability
- Operating margin
- 9.0%
- Net margin
- 3.4%
- EBITDA margin
- 9.4%
- ROE
- 9.3%
- ROCE
- 21.1%
- ROA
- 3.6%
- Dividend payout
- 22.0%
- Tax rate
- 31.0%
- Other income, % of PBT
- 7.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹19,205 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,716 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,299 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 48.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹286 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.1%
Solvency and efficiency
- Current ratio
- 1.67
- Debt / Equity
- 0.15
- Debt / Assets
- 0.06
- Debt / EBITDA
- 0.59
- Interest coverage
- 2.77
- Financial leverage
- 2.54
- CFO / Net profit
- 2.06
- Cash / Market cap
- 157.5%
- Cash per share
- ₹236.31
- Asset turnover
- 1.06
- Fixed asset turnover
- 12.67
- Capital intensity
- 0.08
- Debtor days
- 53 days
- Inventory turnover
- 5.07
- Cash conversion cycle
- -176 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹4 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹17,459 Cr |
| Sales | Operating profit | ₹1,746 Cr |
| Operating profit | Interest | ₹653 Cr |
| Operating profit | Depreciation | ₹213 Cr |
| Operating profit | Profit before tax | ₹880 Cr |
| Other income | Profit before tax | ₹148 Cr |
| Profit before tax | Tax and other | ₹267 Cr |
| Profit before tax | Net profit | ₹761 Cr |
Revenue and net profit
Revenue grew 4.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹7,256 Cr | ₹261 Cr |
| FY2022 | ₹9,930 Cr | ₹490 Cr |
| FY2023 | ₹13,351 Cr | ₹569 Cr |
| FY2024 | ₹18,314 Cr | ₹631 Cr |
| FY2025 | ₹19,205 Cr | ₹761 Cr |
Cash flows
FY2025: ₹816 Cr from operations, ₹597 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹710 Cr | ₹774 Cr |
| FY2022 | ₹1,296 Cr | ₹1,165 Cr |
| FY2023 | ₹873 Cr | ₹741 Cr |
| FY2024 | ₹1,299 Cr | ₹966 Cr |
| FY2025 | ₹816 Cr | ₹597 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹19,205 Cr+4.9%1Y
- Net profit
- ₹761 Cr+20.6%1Y
- Cash from operations
- ₹816 Cr
- Free cash flow
- ₹597 Cr-38.2%1Y
- Revenue CAGR, 5Y
- 17.4%
- EBITDA CAGR, 5Y
- 8.4%
- Net profit CAGR, 5Y
- 10.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹19,205 Cr | ₹1,746 Cr | — | ₹761 Cr | ₹816 Cr | ₹597 Cr | 10.2% | +4.9% | +20.6% |
Monthly returns
Month-by-month returns of NCC across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹19,834 Cr |
| Equity capital | ₹126 Cr |
| Reserves | ₹7,311 Cr |
| Borrowings | ₹1,484 Cr |
| Other liabilities | ₹10,913 Cr |
| Assets | ₹19,834 Cr |
| Fixed assets | ₹1,523 Cr |
| Capital work in progress | ₹37 Cr |
| Investments | ₹1,065 Cr |
| Other assets | ₹17,209 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NCC trades at 13.1x earnings against a peer median of 38.3x (a 66% discount).
Not shown (no positive earnings and no EV / Sales): SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| NCC LimitedNCCthis companyP/E ↓ discount | ₹9,406 Cr | 13.1x | 1.2x | 9.3% | 4.3x |
| SWAN DEFENCE AND HEAVY INDUSTRIES LIMITEDSWANDEF | ₹9,696 Cr | — | 40.4x | -25.5% | -430.0x |
| MMTC Ltd.MMTC | ₹9,542 Cr | 231.0x | 5.8x | 5.0% | 108.9x |
| Aequs LimitedAEQUS | ₹9,489 Cr | 989.0x | — | -22.7% | -89.2x |
| Astra Microwave Products Ltd.ASTRAMICRO | ₹9,363 Cr | 63.5x | 8.1x | 11.7% | 45.3x |
| SKF India Ltd.SKFINDUS | ₹9,269 Cr | 23.2x | 3.4x | — | — |
| RHI MAGNESITA INDIA LIMITEDRHIM | ₹9,221 Cr | 51.1x | 2.3x | -1.4% | 74.9x |
| G R Infraprojects LimitedGRINFRA | ₹9,104 Cr | 10.6x | 1.1x | 27.5% | 3.2x |
| Vesuvius India Ltd.VESUVIUS | ₹9,019 Cr | 37.0x | 5.9x | — | — |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
NCC since 1 January, against earlier years.
Historical volatility
NCC's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 10.0% |
| FY2023 | 10.0% |
| FY2024 | 9.0% |
| FY2025 | 9.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹19,205 Cr |
| Costs | |
| Interest | ₹653 Cr |
| Expenses | ₹17,460 Cr |
| Operating profitOperating Profit | ₹1,746 Cr |
| Other income and charges | |
| Profit before tax | ₹1,028 Cr |
| Tax | |
| Net profitNet Profit | ₹761 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹19,834 Cr |
| Equity capitalEquity Capital | ₹126 Cr |
| Reserves | ₹7,311 Cr |
| Borrowings | ₹1,484 Cr |
| Other liabilitiesOther Liabilities | ₹10,913 Cr |
| AssetsTotal Assets | ₹19,834 Cr |
| Fixed assetsFixed Assets | ₹1,523 Cr |
| Capital work in progressCWIP | ₹37 Cr |
| Investments | ₹1,065 Cr |
| Other assetsOther Assets | ₹17,209 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹816 Cr |
| Investing cash flowCash from Investing Activity | -₹219 Cr |
| Financing cash flowCash from Financing Activity | -₹311 Cr |
| Change in cashNet Cash Flow | ₹286 Cr |
Learn while you research
Academy chapters picked for NCC Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read