NBCC (India) Ltd

NBCC (India) Ltd

₹ 125 -3.05%
10 Jun - 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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,441 1,799 2,030 2,136 2,813 1,918 2,059 2,424 3,996 2,144 2,459 2,808 4,643
2,368 1,747 1,941 2,041 2,709 1,861 1,963 2,306 3,753 2,053 2,359 2,665 4,353
Operating Profit 73 52 88 95 104 57 96 117 243 92 100 142 290
OPM % 3% 3% 4% 4% 4% 3% 5% 5% 6% 4% 4% 5% 6%
-18 -55 44 1 48 48 11 36 -44 54 67 55 -38
Interest 1 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 2 1 1 1 1 1 1 2 3
Profit before tax 53 -6 131 95 151 104 105 152 198 144 166 196 249
Tax % 22% -13% 26% 25% 25% 25% 22% 25% 28% 25% 25% 27% 27%
41 -5 98 71 114 77 82 114 141 107 125 142 183
EPS in Rs 0.13 -0.02 0.35 0.26 0.40 0.28 0.29 0.41 0.50 0.39 0.45 0.51 0.65
Raw PDF

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%

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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