NCC Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+11.9%); Feb the lowest (-5.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.5%Negative MonthJan 2026: -8.48% | +4.1%Positive MonthFeb 2026: +4.12% | -14.3%Negative MonthMar 2026: -14.33% | +25.0%Positive MonthApr 2026: +24.98% | -7.1%Negative MonthMay 2026: -7.12% | -2.5%Negative MonthJun 2026: -2.53% | -7.1%*Negative MonthJul 2026: -7.06% | β | β | β | β | β |
| 2025 | -7.9%Negative MonthJan 2025: -7.90% | -30.6%Negative MonthFeb 2025: -30.64% | +19.7%Positive MonthMar 2025: +19.71% | +1.2%Neutral MonthApr 2025: +1.19% | +9.0%Positive MonthMay 2025: +9.03% | -0.3%Neutral MonthJun 2025: -0.30% | -5.4%Negative MonthJul 2025: -5.45% | -6.1%Negative MonthAug 2025: -6.10% | +1.4%Neutral MonthSep 2025: +1.44% | +2.3%Positive MonthOct 2025: +2.34% | -19.3%Negative MonthNov 2025: -19.28% | -6.5%Negative MonthDec 2025: -6.47% |
| 2024 | +29.2%Positive MonthJan 2024: +29.15% | +14.8%Positive MonthFeb 2024: +14.79% | -6.0%Negative MonthMar 2024: -5.97% | +4.1%Positive MonthApr 2024: +4.09% | +18.7%Positive MonthMay 2024: +18.75% | +10.1%Positive MonthJun 2024: +10.11% | +13.2%Positive MonthJul 2024: +13.17% | -10.8%Negative MonthAug 2024: -10.83% | -5.5%Negative MonthSep 2024: -5.45% | -1.1%Neutral MonthOct 2024: -1.06% | +3.8%Positive MonthNov 2024: +3.77% | -11.6%Negative MonthDec 2024: -11.59% |
| 2023 | +7.1%Positive MonthJan 2023: +7.13% | -1.1%Neutral MonthFeb 2023: -1.11% | +19.3%Positive MonthMar 2023: +19.30% | +12.6%Positive MonthApr 2023: +12.56% | -0.3%Neutral MonthMay 2023: -0.29% | +2.3%Positive MonthJun 2023: +2.35% | +30.1%Positive MonthJul 2023: +30.06% | +6.9%Positive MonthAug 2023: +6.86% | -8.6%Negative MonthSep 2023: -8.60% | -6.8%Negative MonthOct 2023: -6.80% | +15.4%Positive MonthNov 2023: +15.36% | -0.0%Neutral MonthDec 2023: -0.03% |
| 2022 | +6.6%Positive MonthJan 2022: +6.61% | -16.8%Negative MonthFeb 2022: -16.81% | -6.1%Negative MonthMar 2022: -6.09% | +16.6%Positive MonthApr 2022: +16.57% | -5.5%Negative MonthMay 2022: -5.49% | -16.0%Negative MonthJun 2022: -15.97% | +8.1%Positive MonthJul 2022: +8.12% | +19.5%Positive MonthAug 2022: +19.54% | +2.4%Positive MonthSep 2022: +2.36% | +4.0%Positive MonthOct 2022: +4.04% | +10.9%Positive MonthNov 2022: +10.92% | +1.6%Neutral MonthDec 2022: +1.63% |
| 2021 | β | β | β | β | β | +4.3%Positive MonthJun 2021: +4.26% | +1.1%Neutral MonthJul 2021: +1.09% | -10.0%Negative MonthAug 2021: -9.95% | +4.1%Positive MonthSep 2021: +4.11% | -13.5%Negative MonthOct 2021: -13.53% | -0.6%Neutral MonthNov 2021: -0.63% | -0.7%Neutral MonthDec 2021: -0.71% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ19.20 K Cr | β | βΉ761.00 Cr | β | β | 10.2% | 4.9% | 20.6% |
| Mar 2024 | βΉ18.31 K Cr | β | βΉ631.00 Cr | β | β | 9.3% | 37.2% | 10.9% |
| Mar 2023 | βΉ13.35 K Cr | β | βΉ569.00 Cr | β | β | 9.0% | 34.5% | 16.1% |
| Mar 2022 | βΉ9.93 K Cr | β | βΉ490.00 Cr | β | β | 8.4% | 36.9% | 87.7% |
| Mar 2021 | βΉ7.26 K Cr | β | βΉ261.00 Cr | β | β | 4.9% | -11.7% | -31.7% |
| Mar 2020 | βΉ8.22 K Cr | β | βΉ382.00 Cr | β | β | 7.5% | -32.0% | -32.3% |
| Mar 2019 | βΉ12.08 K Cr | β | βΉ564.00 Cr | β | β | 11.9% | 59.8% | 96.5% |
| Mar 2018 | βΉ7.56 K Cr | β | βΉ287.00 Cr | β | β | 6.8% | -4.2% | 27.0% |
| Mar 2017 | βΉ7.89 K Cr | β | βΉ226.00 Cr | β | β | 6.6% | -5.2% | -5.8% |
| Mar 2016 | βΉ8.32 K Cr | β | βΉ240.00 Cr | β | β | 7.4% | 0.3% | 114.3% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 5,926 | 8,297 | 8,325 | 7,892 | 7,559 | 12,080 | 8,219 | 7,256 | 9,930 | 13,351 | 18,314 | 19,205 | 18,152 |
| Total Expenses | 5,521 | 7,648 | 7,557 | 7,205 | 6,704 | 10,657 | 7,189 | 6,401 | 8,934 | 12,009 | 16,666 | 17,460 | 16,574 |
| EBIT / Operating Profit | 406 | 649 | 769 | 687 | 856 | 1,423 | 1,030 | 855 | 996 | 1,343 | 1,648 | 1,746 | 1,577 |
| OPM % | 7% | 8% | 9% | 9% | 11% | 12% | 13% | 12% | 10% | 10% | 9% | 9% | 9% |
| Other Income | 153 | 195 | 173 | 87 | 9 | 59 | 119 | 116 | 254 | 152 | 68 | 148 | 178 |
| Finance Costs | 466 | 574 | 509 | 396 | 379 | 451 | 518 | 458 | 460 | 510 | 595 | 653 | 639 |
| Depreciation & Amortisation | 90 | 112 | 110 | 112 | 117 | 149 | 178 | 174 | 182 | 200 | 209 | 213 | 216 |
| Profit Before Tax | 3 | 159 | 322 | 267 | 368 | 882 | 453 | 339 | 608 | 785 | 911 | 1,028 | 901 |
| Tax % | -1,302% | 30% | 26% | 16% | 22% | 36% | 16% | 23% | 19% | 27% | 31% | 26% | - |
| Net Profit / PAT | 41 | 112 | 240 | 226 | 287 | 564 | 382 | 261 | 490 | 569 | 631 | 761 | 691 |
| EPS (βΉ) | 0.73 | 2.01 | 4.32 | 4.06 | 4.77 | 9.39 | 6.26 | 4.29 | 8.04 | 9.07 | 10.06 | 12.12 | 11 |
| Dividend Payout % | 13% | 20% | 14% | 10% | 21% | 16% | 3% | 19% | 25% | 24% | 22% | 18% | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| NCC Limitedthis co. | βΉ9.41 K Cr | βΉ19.20 K Cr | 13.10 | 1.24 | 4.34 | 4.9% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |
