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 ₹ 33,691 Cr.
- Current Price ₹ 125
- High / Low ₹ 140 / 70.8
- Stock P/E 55.2
- Book Value ₹ 9.18
- Dividend Yield 0.42 %
- ROCE 33.5 %
- ROE 25.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 51.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 32.7%
Cons
- Stock is trading at 13.6 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.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE 500 BSE Capital Goods BSE PSU Nifty 500 BSE SmallCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,067 | 4,394 | 5,826 | 7,425 | 8,447 | 9,943 | 8,087 | 6,953 | 7,691 | 8,876 | 10,433 | 12,039 | |
3,827 | 4,105 | 5,510 | 7,017 | 7,992 | 9,574 | 7,982 | 6,821 | 7,483 | 8,532 | 9,916 | 11,415 | |
Operating Profit | 240 | 289 | 317 | 408 | 455 | 369 | 105 | 133 | 207 | 345 | 517 | 624 |
OPM % | 6% | 7% | 5% | 5% | 5% | 4% | 1% | 2% | 3% | 4% | 5% | 5% |
134 | 147 | 98 | 84 | 163 | 207 | 207 | 180 | 121 | 38 | 51 | 138 | |
Interest | 24 | 41 | 3 | 31 | 28 | 3 | 8 | 15 | 9 | 6 | 4 | 0 |
Depreciation | 1 | 2 | 2 | 5 | 6 | 4 | 6 | 6 | 5 | 5 | 5 | 7 |
Profit before tax | 349 | 393 | 409 | 454 | 584 | 569 | 297 | 292 | 315 | 372 | 559 | 755 |
Tax % | 26% | 29% | 29% | 28% | 32% | 31% | 66% | 18% | 24% | 25% | 26% | 26% |
257 | 278 | 289 | 326 | 396 | 392 | 100 | 240 | 238 | 278 | 414 | 557 | |
EPS in Rs | 0.95 | 1.03 | 1.07 | 1.31 | 1.40 | 1.39 | 0.29 | 0.84 | 0.83 | 0.99 | 1.49 | 2.00 |
Dividend Payout % | 23% | 24% | 41% | 41% | 26% | 31% | 31% | 37% | 40% | 36% | 28% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 16% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 51% |
3 Years: | 30% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 51% |
3 Years: | 81% |
1 Year: | 20% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 21% |
3 Years: | 24% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,021 | 1,218 | 1,421 | 1,514 | 1,886 | 1,328 | 1,270 | 1,463 | 1,588 | 1,764 | 2,046 | 2,209 |
0 | 0 | 12 | 6 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | |
3,067 | 3,426 | 3,906 | 6,366 | 10,202 | 11,592 | 11,080 | 11,778 | 11,715 | 10,968 | 10,588 | 11,161 | |
Total Liabilities | 4,207 | 4,764 | 5,459 | 8,066 | 12,269 | 13,101 | 12,531 | 13,422 | 13,483 | 12,913 | 12,814 | 13,641 |
23 | 26 | 62 | 123 | 129 | 182 | 165 | 159 | 175 | 182 | 185 | 531 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 2 | 4 | 12 | 4 |
Investments | 100 | 146 | 236 | 74 | 28 | 42 | 28 | 20 | 18 | 21 | 276 | 265 |
4,084 | 4,592 | 5,161 | 7,868 | 12,111 | 12,876 | 12,337 | 13,227 | 13,287 | 12,705 | 12,341 | 12,840 | |
Total Assets | 4,207 | 4,764 | 5,459 | 8,066 | 12,269 | 13,101 | 12,531 | 13,422 | 13,483 | 12,913 | 12,814 | 13,641 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-447 | -155 | 176 | 605 | 907 | 638 | 113 | 456 | 80 | -374 | 73 | 657 | |
828 | -2 | -36 | 282 | -474 | -209 | 88 | 151 | 33 | 272 | -218 | 573 | |
-53 | -70 | -84 | -502 | -247 | -150 | -160 | -41 | -95 | -90 | -103 | -269 | |
Net Cash Flow | 328 | -227 | 56 | 385 | 185 | 279 | 41 | 567 | 19 | -192 | -249 | 961 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 118 | 142 | 115 | 126 | 115 | 90 | 84 | 109 | 96 | 82 | 102 | 93 |
Inventory Days | 33 | |||||||||||
Days Payable | 162 | |||||||||||
Cash Conversion Cycle | 118 | 142 | 115 | 126 | 115 | 90 | 84 | 109 | 96 | 82 | 102 | -36 |
Working Capital Days | -18 | 7 | -1 | -30 | -122 | -149 | -235 | -285 | -241 | -190 | -130 | -117 |
ROCE % | 35% | 28% | 32% | 29% | 30% | 18% | 18% | 21% | 27% | 32% | 33% |
Documents
Announcements
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Intimation Of Work Order Received By NBCC In Normal Course Of Business, Amounting Rs. 50.54 Crore (Approx.)
15h - NBCC awarded Rs. 50.54 Cr project for Maa Chintpurni Temple development by Ministry of Tourism.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Jun - NBCC Q4 FY25 earnings: INR12,039 Cr revenue, INR557 Cr PAT, record INR120,000 Cr order book, strong future guidance.
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Corrigendum To The Audited Financial Results (Standalone) For The Quarter And Financial Year Ended March 31, 2025
4 Jun - Corrigendum issued for audited FY25 standalone financial results with detailed notes and auditor's report.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - NBCC's FY25 secretarial report shows board composition non-compliance; fines imposed; govt appointed directors post-report.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May
Annual reports
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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 2025TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Mar 2018TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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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]