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Prices as of 8 Oct 2026 close · Not investment advice

NCC Limited

NSE: NCCCivil Construction

Share price

₹119.93

-5.48% close of 8 Oct 2026

Market cap ₹7,556 CrP/E 10.5

Business score

How strong the business is, in one number. The parts behind it are in Pro.

61

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹7,556 Cr

P/E ratio

10.5

P/B ratio

1.0

ROCE

16.8%

ROE

9.2%

Dividend yield

1.8%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹214.0252-week low ₹119.93

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 1.8% over the past year. Meanwhile what it keeps of every 100 rupees of sales held steady, near 9.0% over the last four years.

Whether it grew faster than its sector

It grew 10.1% a year against a sector median of 9.1% — 1.0 percentage points faster.

Room to re-rate, or risk of de-rating

At 10.5× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.3×, across 5 companies. It is against its own five-year median of 15.6×, the 8th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.7 times its growth rate, on earnings growth of 6%.

Profit growthPrice per ₹1 profitPer 1% growth
NCC Limited — this one6%/yr10.5×₹1.7
Larsen & Toubro17%/yr28.3×₹1.7
Rail Vikas Nigam Limited-13%/yr43.4×—
Kalpataru Projects International Limited36%/yr21.4×₹0.60
IRB Infrastructure Developers Limited8%/yr21.6×₹2.7
NBCC (India) Limited13%/yr29.2×₹2.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 31 of 89 on returns, 41 of 84 on growth, 61 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.8% on capital, ahead of 65% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹4158 crore of cash from the business, spent ₹1848 crore on plant and equipment, and returned ₹2308 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 178 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

March-quarter revenue rose 1.7%, while net profit fell 18.2%.

Announced 1 Sep 2026 · Consolidated · Audited

Revenue

₹6,233 Cr

Revenue vs last year

+1.7%

Revenue vs last quarter

+28.0%

Net profit

₹217 Cr

Profit vs last year

-18.2%

Profit vs last quarter

+60.6%

Net margin

3.5%

EPS

₹3.28

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹7,556 Cr
Prev close
₹119.93
52w High
₹217
52w Low
₹119
Enterprise value
₹9,722 Cr
Beta
1.5
Price CAGR 1y
-38.0%
Price CAGR 3y
-6.0%
Price CAGR 5y
9.0%
Price CAGR 10y
4.0%

Ratios

Return on assets
2.8%
PEG ratio
1.7
P/E ratio
10.5
P/B ratio
1.0
EV / EBITDA
5.1
Industry P/E
15.6
ROCE
16.8%
ROCE 5y average
18.4%
ROE
9.2%
Debt / Equity
0.4
Interest coverage
2.3
Dividend yield
1.8%
ROE 3y average
11.0%
ROE last year
9.0%

Annual P&L

Annual revenue
₹20,823 Cr
Annual profit
₹724 Cr
Operating margin
9.0%
Net profit margin
3.5%
EBITDA margin
8.8%
Sales growth 3y
10.2%
Sales growth 5y
21.2%
Profit growth 3y
6.0%
Profit growth 5y
22.0%
EPS
₹10.8
Sales growth TTM
-2.0%
Profit growth TTM
-10.0%
Dividend payout
20.0%

Quarter P&L

Sales latest quarter
₹5,812 Cr
Profit latest quarter
₹229 Cr
YoY quarterly sales growth
12.2%
YoY quarterly profit growth
11.7%
OPM latest quarter
9.4%

Balance Sheet

Book Value
₹125
Face Value
₹2.0
Total debt
₹3,457 Cr
Total cash
₹1,289 Cr
Borrowings
₹3,457 Cr
Reserves / Equity
61.5

Cash Flow

Operating cash flow
-₹459 Cr
Free cash flow
-₹1,401 Cr
FCF yield
-28.4%
Net cash flow
-₹346 Cr

Shareholding

Promoter holding
23.2%
FII holding
10.4%
DII holding
18.2%
Public holding
48.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,661.3528.65,03,7631.044,988.014.067,941.76.714.6
Rail Vikas191.1544.339,8550.87159.518.54,321.210.610.8
Kalpataru Proj.1,434.9022.024,5040.75311.545.16,408.03.818.3
IRB Infra.Devl.17.4421.421,0640.87306.351.32,137.31.87.5
NBCC75.4829.820,3801.30158.017.22,259.5-5.529.3
Cemindia Project1,167.2533.420,0520.24140.82.62,720.95.632.8
Engineers India283.2020.315,9171.83157.9141.5819.8-5.830.4
NCC122.9510.77,7191.79228.912.65,811.812.216.8
Median128.0015.86740.0011.018.3185.811.815.7

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,3804,7205,2606,4855,5285,1965,3456,1315,1794,5434,8686,2335,812
Expenses3,9714,4164,7555,9345,0504,7534,9045,5764,7234,1504,4325,6825,267
Material Cost2,2981,8201,6491,6861,9851,858
Change in Inventories-94-749.19-99-71-58
Purchases of Stock-in-Trade000000
Employee Cost209203209207226234
Other Expenses3,1632,7732,2822,6383,5433,232
Operating Profit409304505551478443441555456393436550545
OPM %9.346.449.618.498.658.528.259.068.818.668.968.839.38
Other Income2828291331294858314402134
Exceptional items (within Other Income)000-3400
Interest132153156153155167166193164172196213198
Depreciation53535352545554545557596569
Profit before tax252125325358300250270367268209182294312
Tax %27312933263024282420262627
Net Profit18486231239223175206265205167135217229
EPS in Rs2.761.233.513.813.342.603.084.043.062.461.953.283.45
Diluted EPS in Rs4.043.062.461.953.283.45

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,5139,5279,0018,39112,8968,9017,94911,13815,55320,84522,19920,82321,456
Expenses8,5138,5408,3267,51811,3037,8247,03010,11014,09419,07620,28118,98719,531
Material Cost7,9307,141
Change in Inventories-126-234
Purchases of Stock-in-Trade00
Employee Cost789845
Other Expenses11,68811,236
Operating Profit1,0009876758731,5921,0779191,0281,4591,7691,9181,8361,925
OPM %1110810121212998999
Other Income1277187-231763105272144991659699
Exceptional items (within Other Income)0-34
Interest737643513460522554480478515595680745780
Depreciation277248203172193199181187203212216235249
Profit before tax113167462198943873636358851,0611,187952995
Tax %455182373719222227302724
Net Profit48828139568314283494646740868724748
EPS in Rs0.972.170.572.819.635.524.407.919.7011131111
Diluted EPS in Rs1311
Dividend Payout %41287036164182523191720

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
8%
5 years
21%
3 years
10%
TTM
-2%

Compounded profit growth

10 years
18%
5 years
22%
3 years
6%
TTM
-10%

Stock price CAGR

10 years
4%
5 years
9%
3 years
-6%
1 year
-38%

Return on equity

10 years
9%
5 years
10%
3 years
11%
Last year
9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111120120122122122126126126126
Reserves3,2913,2813,3363,9624,4754,7845,0495,4816,0416,5147,1987,743
Borrowings3,3903,2082,5722,0612,6912,1812,0621,3029749801,5943,457
Other Liabilities5,7535,7215,0906,2657,3746,7246,3077,5539,40910,47512,08314,639
Minority Interest179160
Total Liabilities12,54512,32111,10912,40814,66013,81213,54014,45816,55018,09521,00025,965
Fixed Assets2,4461,6741,0991,1581,5511,4131,4171,4431,5031,5651,6502,056
CWIP1181231315227224137351
Investments1,1331,128729619475448440346352155148153
Other Assets8,9559,5109,28110,60812,62111,93511,66112,66214,67316,33419,16523,405
Total Assets12,54512,32111,10912,40814,66013,81213,54014,45816,55018,09521,00626,006

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8673953145866739318421,4161,1001,359742-459
Cash from Investing Activity-95193376-188-61911-207-66-192-319-59-766
Cash from Financing Activity-643-551-818-45389-1,047-558-1,275-893-771-247878
Net Cash Flow12937-129-56143-105777516270436-346
Free Cash Flow7561201623142348797021,2488771,109477-1,401

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days64141167216971121268375555566
Inventory Days2182652903381031661801171028785129
Days Payable175301335428328491565447393325384478
Cash Conversion Cycle107105122126-127-213-258-246-217-184-244-283
Working Capital Days29416891121901078162454881
ROCE %12128122113111219222217

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters222222222222222222232323
FIIs242724211814131311121110
DIIs111111121416181715161818
Public444043454648484851494848
No. of Shareholders3,67,8224,05,0374,71,5325,02,0875,17,7095,78,4355,57,5855,60,0565,69,3705,57,4185,43,2745,44,657

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -42.8% (₹209.61 → ₹119.93)Brick size ₹4.26 (fixed)Bricks 49
₹150₹200₹120Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹119.93 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

2,166inr_cr

2026-03-31

order book, Rs crore

81,214inr_cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,27,03,445inr

2026-03-31

News

News and filings about NCC Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Bitumen
  • Ductile iron / PVC pipes
  • Ready-mix concrete
  • Stone aggregates and sand (from crushers)

Depends on the price of

  • cement
  • diesel
  • steel

Buys from

Sells to

  • Central Coalfields Limited · mining services: overburden removal, coal extraction, transportation and wagon loading
  • Central Public Works Department (CPWD) · building and civil construction EPC
  • Chennai Metro Rail Limited · metro rail civil infrastructure / elevated viaduct
  • Maharashtra State Road Development Corporation (MSRDC) · EPC / design-build civil construction and roads
  • Ministry of Housing and Urban Affairs (MoHUA) · urban infrastructure, housing and public-building construction
  • State Water and Sanitation Mission, Uttar Pradesh · rural water supply schemes under Jal Jeevan Mission (groundwater + surface water)
  • Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) · expressway / transport infrastructure EPC

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE868B01028

Business segments

  • Construction · 99%
  • Real Estate · 1%

Plants

  • UHPFRC Nagpur LLP manufacturing unit · Nagpur, Maharashtra

News impact

Big market events that reach NCC Limited, and how the effect spreads.

Who it hits first

  • NCC Limited won a Rs 1,076.71 crore drinking water order, excluding GST, for the Yeleru Reservoir multi-village scheme in Anakapalli, Andhra Pradesh.
  • Shares rallied 5% as the win adds clear revenue visibility for the construction firm.
  • The job will be built over coming quarters, turning into billed sales as villages get connected.

Who may gain

  • NCC Limited, a construction firm, as it bills the Rs 1,076.71 crore water contract over time.
  • ACE, a Capital Goods supplier to NCC, as site machines and equipment get ordered.
  • APL Apollo and Jindal Saw, suppliers to NCC, as pipes and materials are procured for the network.
  • Local villages in Anakapalli, as the multi-village scheme brings piped drinking water.

Along the supply chain

Downstream

Downstream, the Andhra Pradesh Rural Water Supply Department, the government buyer, pays NCC as work completes, and village households receive the drinking water.

Upstream

Upstream vendors such as Electrosteel Castings and Jindal Steel, both suppliers to NCC, plus pipe and steel makers, get a chance at project orders, though NCC may split buying across many vendors. Note: SIGIND and CROWN also supply to NCC per the graph but have no fundamentals row, so no signal was emitted for them.

Where demand moves

Business

NCC orders pipes, steel, cement and machines to build the network, so its suppliers see fresh purchase orders while villagers gain water.

Capital

Investors bid up NCC 5% on the win and look at its suppliers, while rivals without new orders stay flat.

How it spreads across sectors

Capital Goods

Makers of pipes and site equipment see a chance for fresh project orders.

Construction

Order-book sentiment improves as a Rs 1,076.71 crore water win shows state spending is flowing.

When it plays out

Immediate

NCC shares hold the 5% gain while the market checks order terms and margin scope this week.

Medium term

Billing builds over quarters as the Yeleru network is laid; state payment pace decides cash flow.

Short term

NCC mobilises men and machines in Anakapalli and starts placing pipe and material orders.

Who it hits first

  • Kalpataru Projects International, which builds transmission lines and infrastructure, rose 2.5% on September 28 after its Swedish unit Linjemontage i Grastorp listed on Nasdaq Stockholm at SEK 46.
  • Kalpataru keeps about 65.9% of the listed unit, so the listing puts a public price on a holding that was hard to value before.
  • The gain came despite a wider market sell-off, showing the listing news outweighed weak sentiment that day.

Who may gain

  • Kalpataru Projects International shareholders, who now see a market value for the kept 65.9% stake in the Swedish grid builder.
  • Linjemontage i Grastorp, the Swedish grid contractor, which gains its own listed shares and easier access to Swedish capital.
  • No rival builder gains work from this listing — the benefit stays with the owner of the stake.

Along the supply chain

Downstream

No change for buyers — grid owners such as Power Grid and GAIL buy finished lines, not shares, so their costs and timelines are untouched.

Upstream

No extra pull for suppliers — pipe and cable makers such as Welspun Corp, which supplies Kalpataru, see no new orders from a share listing.

Where demand moves

Business

No new building work changes hands — selling existing shares in Linjemontage at SEK 46 does not create transmission-line orders for Kalpataru or any rival.

Capital

Money flows toward Kalpataru as investors pay up for the newly priced 65.9% stake, while the Swedish unit collects its IPO funds in Stockholm for future grid work.

How it spreads across sectors

Capital Goods

No real lift for equipment and cable makers, since a single owner's stake listing creates no extra demand.

Construction

Mild positive mood as one builder shows a hidden asset can be priced, but no new orders spread to peers.

When it plays out

Immediate

Kalpataru shares hold the 2.5% listing pop over 1-7 days while traders compare the SEK 46 price to the kept 65.9% stake.

Medium term

Over 1-6 months value depends on the Swedish unit's grid orders and Kalpataru's debt and delivery, not the listing day.

Short term

Over 1-4 weeks focus shifts to whether the Swedish shares hold above SEK 46 and how Kalpataru uses any proceeds.

Who it hits first

  • PNC Infratech order book grows — visibility improves

Who may gain

  • Construction peers (KNR, NCC) on sector flow
  • Cement + steel suppliers near Pantnagar

Along the supply chain

Downstream

Airport developer + concessionaire ecosystem improves

Upstream

Cement, steel, aggregate suppliers near Uttarakhand gain order pull

Where demand moves

Business

Order pull-through for cement/steel suppliers in Uttarakhand belt

Capital

Sector-flow lift in construction names with airport / aviation infra exposure

How it spreads across sectors

Aviation

Capacity addition at tier-2 airport supports IndiGo/SpiceJet network plans

Construction

Sentiment positive on order-book visibility

Who it hits first

  • AFCONS order book +Rs 7,544 cr (~25% of order book uplift)
  • Re-rating opportunity if execution proceeds smoothly

Who may gain

  • Construction sector sentiment lift
  • Suppliers / sub-contractors (rail equipment, steel) — TITAGARH, BEML may benefit

Along the supply chain

Downstream

Croatia ports / Croatian Railways customer

Upstream

Steel, rail wagon, electrification suppliers benefit

Where demand moves

Business

Construction capacity utilization rises; capex on equipment

Capital

Re-rating opportunity for infra mid-caps; PE expansion

How it spreads across sectors

Capital Goods

Mildly positive — equipment demand

Construction

Positive — India global capability proven

When it plays out

Immediate

AFCONS +5-10% sentiment rally (capped by pledge risk)

Medium term

Re-rating if revenue conversion shows up in FY27 Q1-Q2

Short term

Order book details + execution clarity over 4-6 weeks

Who it hits first

  • Bengal politics: BJP wins → infra/defense visibility; TN: TVK new govt = uncertainty premium near-term but populist push expected

Who may gain

  • Defense (HAL, BEL, BDL, MAZDOCK), Infra (LT, NCC, RVNL), FMCG (ITC, HUL), Fertilizers (CHAMBLFERT, FACT)

Along the supply chain

Downstream

Capex contractors, rural distribution networks

Upstream

n/a

Where demand moves

Business

State capex continuity in Bengal (BJP-led); TN rural welfare expected

Capital

Election cascade rotation to defense/infra/rural names

How it spreads across sectors

Defense

Positive — capex continuity

FMCG

Positive — rural welfare boost

Fertilizers

Positive — subsidy continuity

Infrastructure

Positive — bipartisan continuity

Rural Economy

Positive — state welfare push

A pattern seen before

Cascade chain

  • BJP wins Bengal → defense/infra capex continuity
  • TVK in TN → rural welfare push → FMCG/fertilizer positive
  • Defense (HAL, BEL, BDL) order book visibility
  • Infrastructure (LT, NCC, RVNL) beneficiary
  • Mass consumption (ITC, HUL, HEROMOTOCO) positive

Pattern name

Election Cascade

Sectors queried

  • Defense
  • Infrastructure
  • Rural Economy
  • FMCG
  • Fertilizer

When it plays out

Immediate

Defense/infra pop on news

Medium term

Pre-2027 state capex push could be material; rural consumption supportive

Short term

TN governance setup + Bengal Cabinet — execution test 1-2 months

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

14 Aug 2026unspecified₹2.2
14 Aug 2025unspecified₹2.2
30 Aug 2024unspecified₹2.2
25 Aug 2023unspecified₹2.2
11 Aug 2022unspecified₹2
5 Aug 2021unspecified₹0.8
7 Sep 2020unspecified₹0.2
8 Aug 2019unspecified₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
19 Aug 2026Sirisha Projects Private Limited · PromoterBUY2,14,5462.98
13 Aug 2026Sirisha Projects Private Limited · PromoterBUY4,42,8556.47

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.