NBCC (India) Ltd

NBCC (India) Ltd

₹ 118 0.31%
04 Jul - close price
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 Segments
1) 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]

  • Market Cap 31,825 Cr.
  • Current Price 118
  • High / Low 140 / 70.8
  • Stock P/E 58.0
  • Book Value 8.62
  • Dividend Yield 0.45 %
  • ROCE 32.5 %
  • ROE 24.6 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 47.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.7%

Cons

  • Stock is trading at 13.7 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,800 1,366 1,556 1,587 2,227 1,478 1,622 1,919 3,008 1,627 1,865 2,029 3,218
1,737 1,317 1,472 1,508 2,137 1,430 1,533 1,816 2,806 1,549 1,787 1,915 2,976
Operating Profit 63 49 84 78 90 48 89 102 202 78 78 113 241
OPM % 4% 4% 5% 5% 4% 3% 5% 5% 7% 5% 4% 6% 8%
-40 -64 46 -8 40 37 15 24 -58 39 78 58 -53
Interest 1 1 0 -0 -0 -0 0 -0 -0 -0 0 -0 -0
Depreciation 0 0 0 0 1 0 0 0 1 1 1 1 2
Profit before tax 21 -17 130 69 130 85 103 126 143 116 156 171 186
Tax % 1% -22% 24% 30% 26% 25% 17% 25% 28% 25% 21% 25% 26%
21 -13 99 49 96 63 85 94 102 87 124 129 137
EPS in Rs 0.08 -0.05 0.37 0.18 0.36 0.23 0.32 0.35 0.38 0.32 0.46 0.48 0.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,040 4,396 5,812 6,279 5,905 7,245 5,210 4,947 5,547 6,736 8,051 8,725
3,815 4,108 5,504 5,875 5,504 6,869 5,194 4,861 5,388 6,431 7,607 8,214
Operating Profit 225 288 309 404 401 376 17 87 159 305 444 511
OPM % 6% 7% 5% 6% 7% 5% 0% 2% 3% 5% 6% 6%
133 147 101 89 106 187 235 173 88 15 18 122
Interest 24 41 3 2 2 2 8 12 8 5 3 0
Depreciation 1 2 2 3 3 3 3 2 2 2 2 4
Profit before tax 334 391 404 488 503 558 241 244 237 312 456 630
Tax % 26% 29% 29% 28% 34% 31% 67% 17% 23% 26% 25% 24%
247 277 287 351 334 384 80 202 183 231 344 476
EPS in Rs 0.92 1.03 1.06 1.30 1.24 1.42 0.30 0.75 0.68 0.86 1.28 1.76
Dividend Payout % 24% 24% 42% 42% 45% 30% 30% 42% 49% 42% 33% 38%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 16%
TTM: 8%
Compounded Profit Growth
10 Years: 7%
5 Years: 48%
3 Years: 28%
TTM: 18%
Stock Price CAGR
10 Years: 11%
5 Years: 48%
3 Years: 82%
1 Year: -6%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 22%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 120 120 120 180 180 180 180 180 180 180 180 270
Reserves 1,007 1,204 1,405 1,494 1,641 1,385 1,344 1,512 1,595 1,735 1,959 2,058
-0 -0 12 6 -0 -0 -0 0 0 0 0 0
3,064 3,420 3,898 4,843 5,829 6,740 6,265 6,667 6,761 6,320 6,330 7,330
Total Liabilities 4,191 4,744 5,435 6,523 7,650 8,305 7,789 8,358 8,536 8,234 8,469 9,657
23 26 62 65 64 74 60 58 57 65 68 410
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 1 8 -0
Investments 114 152 231 105 59 359 344 334 332 332 586 576
4,055 4,566 5,142 6,353 7,528 7,872 7,385 7,966 8,147 7,837 7,807 8,671
Total Assets 4,191 4,744 5,435 6,523 7,650 8,305 7,789 8,358 8,536 8,234 8,469 9,657

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-439 -154 168 439 212 120 51 86 270 -148 367 1,045
818 -5 -30 145 174 153 319 245 -44 -229 -486 72
-53 -70 -85 -208 -184 -127 -131 -31 -90 -88 -97 -258
Net Cash Flow 327 -229 53 376 203 146 239 299 135 -466 -217 859

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 119 141 115 127 140 106 96 121 106 85 100 93
Inventory Days 46
Days Payable 152
Cash Conversion Cycle 119 141 115 127 140 106 96 121 106 85 100 -13
Working Capital Days -20 6 -0 -11 -9 -38 -139 -153 -146 -107 -51 -72
ROCE % 34% 35% 28% 30% 29% 33% 16% 16% 20% 26% 31% 32%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
61.75% 61.75% 61.75% 61.75% 61.75% 61.75% 61.75% 61.75% 61.75% 61.75% 61.75% 61.75%
3.43% 3.31% 3.36% 3.43% 3.84% 4.14% 4.46% 4.33% 4.43% 4.11% 4.15% 4.20%
10.78% 10.46% 10.90% 10.61% 10.33% 10.21% 10.41% 9.94% 9.47% 9.10% 8.94% 8.93%
24.04% 24.49% 24.00% 24.21% 24.09% 23.89% 23.37% 23.98% 24.35% 25.03% 25.15% 25.13%
No. of Shareholders 5,45,7835,39,9085,29,5505,28,2985,09,8795,56,0806,42,05313,19,44612,84,15115,24,80216,02,80716,09,626

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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