NBCC (India) Ltd
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]
- Market Cap ₹ 26,500 Cr.
- Current Price ₹ 98.2
- High / Low ₹ 126 / 77.2
- Stock P/E 41.3
- Book Value ₹ 10.5
- Dividend Yield 0.68 %
- ROCE 32.2 %
- ROE 24.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.7%
Cons
- Stock is trading at 9.31 times its book value
- Earnings include an other income of Rs.380 Cr.
- Company has high debtors of 158 days.
* 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.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE 500 BSE PSU Nifty 500 Nifty Smallcap 100 Nifty High Beta 50
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,396 | 5,812 | 6,279 | 5,905 | 7,245 | 5,210 | 4,947 | 5,547 | 6,736 | 8,027 | 8,725 | 9,755 | |
| 4,108 | 5,504 | 5,875 | 5,504 | 6,869 | 5,194 | 4,861 | 5,388 | 6,431 | 7,583 | 8,210 | 9,213 | |
| Operating Profit | 288 | 309 | 404 | 401 | 376 | 17 | 87 | 159 | 305 | 444 | 516 | 542 |
| OPM % | 7% | 5% | 6% | 7% | 5% | 0% | 2% | 3% | 5% | 6% | 6% | 6% |
| 147 | 101 | 89 | 106 | 187 | 235 | 173 | 88 | 15 | 18 | 122 | 380 | |
| Interest | 41 | 3 | 2 | 2 | 2 | 8 | 12 | 8 | 5 | 3 | 5 | 0 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 4 | 9 |
| Profit before tax | 391 | 404 | 488 | 503 | 558 | 241 | 244 | 237 | 312 | 456 | 630 | 913 |
| Tax % | 29% | 29% | 28% | 34% | 31% | 67% | 17% | 23% | 26% | 25% | 24% | 23% |
| 277 | 287 | 351 | 334 | 384 | 80 | 202 | 183 | 231 | 344 | 476 | 703 | |
| EPS in Rs | 1.03 | 1.06 | 1.30 | 1.24 | 1.42 | 0.30 | 0.75 | 0.68 | 0.86 | 1.28 | 1.76 | 2.60 |
| Dividend Payout % | 24% | 42% | 42% | 45% | 30% | 30% | 42% | 49% | 42% | 33% | 38% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 15% |
| 3 Years: | 13% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 26% |
| 3 Years: | 22% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 23% |
| 3 Years: | 53% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 22% |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 120 | 120 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 270 | 270 |
| Reserves | 1,204 | 1,405 | 1,494 | 1,641 | 1,385 | 1,344 | 1,512 | 1,595 | 1,735 | 1,959 | 2,058 | 2,576 |
| 0 | 12 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 3,420 | 3,898 | 4,843 | 5,829 | 6,740 | 6,265 | 6,667 | 6,761 | 6,320 | 6,332 | 7,376 | 8,702 | |
| Total Liabilities | 4,744 | 5,435 | 6,523 | 7,650 | 8,305 | 7,789 | 8,358 | 8,536 | 8,234 | 8,472 | 9,703 | 11,547 |
| 26 | 62 | 65 | 64 | 74 | 60 | 58 | 57 | 65 | 68 | 410 | 494 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 8 | 0 | 30 |
| Investments | 152 | 231 | 105 | 59 | 359 | 344 | 334 | 332 | 332 | 586 | 576 | 332 |
| 4,566 | 5,142 | 6,353 | 7,528 | 7,872 | 7,385 | 7,966 | 8,147 | 7,837 | 7,809 | 8,717 | 10,691 | |
| Total Assets | 4,744 | 5,435 | 6,523 | 7,650 | 8,305 | 7,789 | 8,358 | 8,536 | 8,234 | 8,472 | 9,703 | 11,547 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -154 | 168 | 439 | 212 | 120 | 51 | 86 | 270 | -148 | 367 | 1,045 | -251 | |
| -5 | -30 | 145 | 174 | 153 | 319 | 245 | -44 | -229 | -486 | 72 | 503 | |
| -70 | -85 | -208 | -184 | -127 | -131 | -31 | -90 | -88 | -97 | -258 | -184 | |
| Net Cash Flow | -229 | 53 | 376 | 203 | 146 | 239 | 299 | 135 | -466 | -217 | 859 | 68 |
| Free Cash Flow | -161 | 144 | 426 | 211 | 116 | 76 | 85 | 269 | -155 | 326 | 734 | -280 |
| CFO/OP | -37% | 79% | 128% | 80% | 67% | 477% | 116% | 177% | -46% | 85% | 204% | -33% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 141 | 115 | 127 | 140 | 106 | 96 | 121 | 106 | 85 | 100 | 93 | 158 |
| Inventory Days | 48 | |||||||||||
| Days Payable | 200 | |||||||||||
| Cash Conversion Cycle | 141 | 115 | 127 | 140 | 106 | 96 | 121 | 106 | 85 | 100 | 93 | 6 |
| Working Capital Days | 6 | -0 | -11 | -9 | -38 | -139 | -153 | -146 | -107 | -51 | -81 | -56 |
| ROCE % | 35% | 28% | 30% | 29% | 33% | 16% | 16% | 20% | 26% | 31% | 32% | 32% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Order Book INR Crore |
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| Total Regular Employees count |
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| New Business Secured INR Crore |
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| Revenue per Employee INR Crore |
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| Works Awarded to Contractors INR Crore |
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| Redevelopment Share of Order Book % |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Outcome for Outcome Of The NBCC'S Board Meeting Held On 14Th July 2026.
11h - NBCC board approved merger of HSCC into NBCC on July 14, 2026, subject to regulatory approvals.
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Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 501.45Cr. Approx.
16h - NBCC won domestic work orders worth about Rs 501.45 crore from Rajasthan, BEL and PFC.
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Intimation Of Work Orders Received By Hindustan Steelworks Construction Limited (HSCL), A Subsidiary Of NBCC (India) Ltd. In The Ordinary Course Of Business Amounting To Rs. 158.95Cr. Approx.
10 Jul - HSCL won four Odisha projects worth about Rs 158.95 crore from DMF Keonjhar and KVS.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jul
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Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 132.28 Cr. Approx.
3 Jul - NBCC won Rs132.28 crore domestic work orders for two JNV campuses and a sports hostel.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2007
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Concalls
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May 2026TranscriptAI SummaryPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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Jun 2018TranscriptAI SummaryPPT
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Apr 2018TranscriptAI SummaryPPT
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Mar 2018TranscriptAI SummaryPPT
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Oct 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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Feb 2016TranscriptPPT
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Dec 2015TranscriptPPT
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]