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 ₹ 28,755 Cr.
- Current Price ₹ 106
- High / Low ₹ 131 / 70.8
- Stock P/E 45.2
- Book Value ₹ 9.18
- Dividend Yield 0.63 %
- ROCE 33.2 %
- ROE 25.5 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 51.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 32.7%
Cons
- Stock is trading at 11.6 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 PSU Nifty 500 BSE SmallCap Nifty Smallcap 100
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,067 | 4,394 | 5,826 | 7,425 | 8,447 | 9,943 | 8,087 | 6,953 | 7,691 | 8,876 | 10,407 | 12,039 | 12,300 | |
3,827 | 4,105 | 5,510 | 7,017 | 7,992 | 9,574 | 7,982 | 6,821 | 7,483 | 8,532 | 9,890 | 11,409 | 11,658 | |
Operating Profit | 240 | 289 | 317 | 408 | 455 | 369 | 105 | 133 | 207 | 345 | 517 | 629 | 642 |
OPM % | 6% | 7% | 5% | 5% | 5% | 4% | 1% | 2% | 3% | 4% | 5% | 5% | 5% |
134 | 147 | 98 | 84 | 163 | 207 | 207 | 180 | 121 | 38 | 51 | 138 | 159 | |
Interest | 24 | 41 | 3 | 31 | 28 | 3 | 8 | 15 | 9 | 6 | 4 | 5 | 0 |
Depreciation | 1 | 2 | 2 | 5 | 6 | 4 | 6 | 6 | 5 | 5 | 5 | 7 | 9 |
Profit before tax | 349 | 393 | 409 | 454 | 584 | 569 | 297 | 292 | 315 | 372 | 559 | 755 | 793 |
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 | 585 | |
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 | 2.10 |
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: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 51% |
3 Years: | 30% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 44% |
3 Years: | 65% |
1 Year: | -11% |
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 | 10,513 | 11,208 | |
Total Liabilities | 4,207 | 4,764 | 5,459 | 8,066 | 12,269 | 13,101 | 12,531 | 13,422 | 13,483 | 12,913 | 12,739 | 13,688 |
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 | 12,266 | 12,887 | |
Total Assets | 4,207 | 4,764 | 5,459 | 8,066 | 12,269 | 13,101 | 12,531 | 13,422 | 13,483 | 12,913 | 12,739 | 13,688 |
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 | -6 | 657 | |
828 | -2 | -36 | 282 | -474 | -209 | 88 | 151 | 33 | 272 | -184 | 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 | -293 | 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 | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 118 | 142 | 115 | 126 | 115 | 90 | 84 | 109 | 96 | 82 | 102 | 93 |
Working Capital Days | -18 | 7 | -1 | -30 | -122 | -149 | -235 | -285 | -241 | -190 | -123 | -122 |
ROCE % | 35% | 28% | 32% | 29% | 30% | 18% | 18% | 21% | 27% | 32% | 33% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - NBCC signs MoU with RIICO for Rs 3,700 crore, 95-acre Rajasthan Mandapam project; Rs 50 crore advance, 30-month timeline.
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Intimation Of Memorandum Of Understanding (Mou) Between NBCC (India) Limited And Nagpur Metropolitan Region Development Authority (NMRDA)
9 Sep - MoU on 08.09.2025: NBCC appointed PMC for 1,710-acre Naveen Nagpur development (1000-acre business district).
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Announcement under Regulation 30 (LODR)-Change in Management
8 Sep - Manas Kaviraj relieved from NBCC effective 08 Sep 2025; appointed HR Director at Advanced Weapons & Equipment India Ltd.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep
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Business Responsibility and Sustainability Reporting (BRSR)
2 Sep - Filed BRSR FY2024-25; discloses NSE/BSE penalties ₹34.30L each; reporting period Apr 1, 2024–Mar 31, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2022
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Financial Year 2021
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Financial Year 2019
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Financial Year 2018
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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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Aug 2025Transcript PPT REC
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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]