Nbcc (India) Limited (NBCC)

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Nbcc (India) Limited (NBCC) · mywealthgrid

About

NBCC is a civil construction company in India's Industrials sector with a market cap of ₹24,070.5 Cr. It operates at a thin 4.78% OPM typical of construction but achieves a strong 26.2% ROE with zero debt, indicating efficient capital deployment. Recent quarterly revenues range ₹1.8–4.5 Cr with consistent net profitability of ₹150–253 Cr.

Face value: ₹1

Market cap

₹20,898 Cr

P/E

28.1×

P/B

6.9×

Dividend yield

1.4%

ROE

26.2%

ROCE

29.3%

Debt / equity

OPM

4.8%

EPS (TTM)

₹2.8

Book value

₹11.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin thin at 4.78% average and volatile (3.46%–8.77% recent quarters) leaves minimal buffer for cost inflation or pricing pressure
Stock down 18.69% over 1 year despite 26.2% ROE and zero debt; market pricing concerns on order book visibility or execution risk — verify project pipeline and contract backlog
PE of 32.41 implies 26.2% earnings growth just to justify valuation; limited margin for disappointment
Construction industry cyclicality and project concentration risk — verify order book depth, pipeline stability, and contract backlog duration

Generated analysis · source review pending

Growth drivers

OPM recovered to 8.77% (Jun 2026) from 3.76% (Dec 2025) showing operational turnaround; margin expansion at stable volumes drives profit growth
Quarterly net profit stability at ₹150–253 Cr (EPS ₹0.56–0.89) provides earnings base for organic growth
Zero debt with consistent dividends (5 payouts in last 12 months) signal strong cash generation capacity to fund growth without leverage
Government infrastructure capex cycles and tender awards — verify annual budget allocation and project award frequency to assess growth opportunity

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹77.4-0.8%1Y

Quick read

rule-based

Pros

+Strong return on equity of 22.8% (3-yr avg)
+High return on capital employed of 29.4%
+Profit CAGR of 26.6% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 30363.7×
+Dividend payout of 39.3% of profit
+High promoter holding of 61.8% with no pledge

Cons

−Thin operating margin of 4.8%

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 73
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 50 NIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	8,087	6,832	7,691	8,754	10,433	12,039	12,889
COGS	55	38	64	109	99	385	241
Gross profit	—	—	—	8,645	—	11,654	12,647
	7,928	6,675	7,423	8,304	9,820	11,030	12,030
	104	119	204	341	513	624	617
OPM %	1.3%	1.7%	2.7%	3.9%	4.9%	5.2%	4.8%
Depreciation	7	6	5	5	5	7	13
Interest	7	7	6	1	0	0	0
	206	180	121	37	50	138	387
Profit before tax	297	287	315	372	559	755	991
Tax	197	51	77	94	144	198	249
Tax %	66.4%	17.7%	24.4%	25.3%	25.8%	26.2%	25.1%
	100	236	238	278	414	557	742
PAT margin %	1.2%	3.5%	3.1%	3.2%	4%	4.6%	5.8%
EPS (₹)	0.4	1.2	1.3	1.5	2.2	2	2.7
EPS adjusted (₹)	—	0.8	0.8	1	1.5	2	2.7
	31.4%	38.2%	40%	36.5%	28.3%	33.5%	37.5%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	120	180	180	180	180	180	180	180	270	270
Reserves	1,385	1,514	1,886	1,328	1,512	1,595	1,765	2,046	2,209	2,747
Minority interest	—	238	154	148	—	—	180	187	192	198
	—	—	—	—	0	0	0	0	0	0
	4,040	6,134	10,048	11,439	6,619	6,723	10,755	10,367	10,970	13,058
Total equity & liabilities	5,545	8,066	12,269	13,095	8,310	8,498	12,879	12,780	13,641	16,274
	62	122	128	180	57	56	165	169	169	596
CWIP	—	0	0	0	—	—	4	12	4	38
Investments	219	11	26	11	—	—	38	292	628	37
	5,264	7,933	12,115	12,904	—	—	12,671	12,307	12,840	15,603
Total assets	5,545	8,066	12,269	13,095	8,310	8,498	12,879	12,780	13,641	16,274

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
PMC	12,375.1	790.53	10,984.37	11,829.52	—	—
EPC	382.01	27.86

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	98.8%	—	96.8%	98.1%
EBITDA margin %	1.3%	1.7%	2.7%	3.9%	4.9%	5.2%	4.8%
EBIT margin %	1.2%	1.7%	2.6%	3.8%	4.9%	5.1%	4.7%
PAT margin %	1.2%	3.5%	3.1%	3.2%	4%	4.6%	5.8%
Working capital
Receivable days	—	—	—	81	102	93	144
Inventory days	—	—	—	4,714	44	924	1,806
Payable days	—	—	—	11,712	152	4,512	9,614
NWC days	—	—	—	-6,916	-6	-3,495	-7,663
Leverage
Current ratio	—	0.98	1.01	1.04	1.17	1.18	1.18
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	45.3	44.4	69.3	366.3	14,841	14,184.7	30,363.7
Asset turnover	—	0.82	0.91	0.68	0.82	0.88	0.79
Return ratios
Return on assets %	—	2.8%	2.8%	2.2%	3.2%	4.1%	4.6%
Return on capital employed %	—	15.3%	20%	23.6%	28.2%	30.5%	29.3%
Return on equity %	—	14%	13.4%	14.3%	18.6%	22.5%	24.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%	61.75%
	4.14%	4.45%	4.33%	4.42%	4.05%	4.16%	4.2%	4.99%	5.33%	5.19%	4.99%	4.77%
	10.23%	10.44%	9.94%	9.48%	9.15%	8.94%	8.92%	11.22%	10.96%	12.25%	10.75%	11.27%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	23.88%	23.36%	23.98%	24.35%	25.05%	25.15%	25.13%	22.04%	21.96%	20.81%	22.51%	22.21%
No. of shareholders	—	—	—	—	—	—	—	—	13,54,135	12,76,534	12,77,277	12,26,689

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹78.5 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹79.1	-0.4	-0.6%	₹79.1	14,115	-44	1,164	6500
23 Nov 2026	₹79.5	-0.7	-0.9%	₹79.5	488	+67	152	6500
29 Dec 2026	₹80.0	+0.8	+1%	₹79.8	2	+2	2	6500

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 16 fund houses

Held by these funds

2.75%

of the company's equity

All mutual funds

6.3%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

43 schemes · 16 fund houses

		Shares
CPSE ETF	Nippon India Mutual Fund	2.94 Cr	253.83	1.33%	1.091%	+33,311
Arbitrage FundNEW	SBI Mutual Fund	1.07 Cr	92.06	0.19%	0.396%	—
Flexi Cap Fund	Helios Mutual Fund	1.01 Cr	87.15	1%	0.374%	-0
Arbitrage Fund	Axis Mutual Fund	46.35 L	39.95	0.38%	0.172%	-2.34 L
BHARAT 22 ETF	ICICI Prudential Mutual Fund	34.97 L	30.02	0.3%	0.13%	-7,230
Mid Cap FundNEW	Helios Mutual Fund	24.63 L	21.23	0.95%	0.091%	—
Arbitrage Fund	Nippon India Mutual Fund	21.13 L	18.21	0.1%	0.078%	-0
Parag Parikh Arbitrage FundNEW	PPFAS Mutual Fund	20.09 L	17.31	0.62%	0.074%	—

1–8 of 43

1 / 6

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

177 announcementsExport CSV

1 Oct 2026, 11:26 amCompany Update

Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 28.78 Cr. Approx.

General

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	98.8%	—	96.8%	98.1%
EBITDA margin %	1.3%	1.7%	2.7%	3.9%	4.9%	5.2%	4.8%
EBIT margin %	1.2%	1.7%	2.6%	3.8%	4.9%	5.1%	4.7%
PAT margin %	1.2%	3.5%	3.1%	3.2%	4%	4.6%	5.8%
Working capital
Receivable days	—	—	—	81	102	93	144
Inventory days	—	—	—	4,714	44	924	1,806
Payable days	—	—	—	11,712	152	4,512	9,614
NWC days	—	—	—	-6,916	-6	-3,495	-7,663
Leverage
Current ratio	—	0.98	1.01	1.04	1.17	1.18	1.18
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	45.3	44.4	69.3	366.3	14,841	14,184.7	30,363.7
Asset turnover	—	0.82	0.91	0.68	0.82	0.88	0.79
Return ratios
Return on assets %	—	2.8%	2.8%	2.2%	3.2%	4.1%	4.6%
Return on capital employed %	—	15.3%	20%	23.6%	28.2%	30.5%	29.3%
Return on equity %	—	14%	13.4%	14.3%	18.6%	22.5%	24.6%

62 deals · 14 Sept 2023 – 28 Aug 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Aug 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	1,08,79,199	₹197.27	₹214.61 Cr
28 Aug 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,02,92,500	₹198.84	₹204.66 Cr
28 Aug 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,02,92,500	₹198.92	₹204.74 Cr
28 Aug 2024	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	1,01,02,732	₹199.90	₹201.95 Cr
28 Aug 2024	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	1,01,02,732	₹199.79	₹201.84 Cr
28 Aug 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	93,39,190	₹197.22	₹184.19 Cr
28 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	90,98,355	₹195.09	₹177.50 Cr
28 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	90,98,355	₹195.26	₹177.65 Cr
4 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	91,80,353	₹180.75	₹165.93 Cr
4 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	91,80,353	₹180.66	₹165.85 Cr

1–10 of 62

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

32

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	65	₹0.0	0	0	0
0	0	0	₹0.0	66	₹0.0	0	0	0
0	0	0	₹0.0	68	₹0.0	0	0	0
1	0	0	₹11.0	70	₹0.3	178	+53	93
0	0	0	₹0.0	71	₹0.0	0	0	0
0	0	0	₹0.0	72	₹0.5	63	+42	42
0	0	0	₹0.0	73	₹0.5	133	+46	56
0	0	0	₹0.0	73	₹0.6	73	+28	28

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
1 Oct 2026, 11:26 am	Company Update General	Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 28.78 Cr. Approx.	PDF
15 Sept 2026, 3:50 pm	Company Update General	Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 144.98 Cr. Approx.	PDF
14 Sept 2026, 9:39 pm	Company Update General	Intimation Of Opening Of Branch Office In Australia	PDF
14 Sept 2026, 9:13 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
11 Sept 2026, 5:24 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
8 Sept 2026, 2:56 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
28 Aug 2026, 4:15 pm	Company Update General	Signing Of Mou Between NBCC And NHPC	PDF
27 Aug 2026, 7:17 pm	Company Update General	Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 134.27 Cr. Approx.	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	146	605	907	638	113	431	80	-440	73	657	439
	-11	282	-474	-209	88	178	33	339	-218	573	250
	-78	-502	-247	-150	-160	-41	-95	-90	-103	-269	-201
Net cash flow	57	385	185	279	41	568	19	-192	-249	961	489
Free cash flow	136	600	902	635	104	425	73	-452	57	337	402
CFO / Operating profit %	—	—	—	—	109%	361.2%	39.2%	-129.4%	14.2%	105.3%	71.3%

Nbcc (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

3

22

1

2

32

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

EPC · revenue

Nbcc (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Quarterly record

Futures3

Dividends22

Board meetings1

Stock splits2

Bulk & block deals

Board and management

Option chain32

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

EPC · revenue

3

3

22

1

2

32