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 ₹ 25,958 Cr.
- Current Price ₹ 96.0
- High / Low ₹ 126 / 77.2
- Stock P/E 39.2
- Book Value ₹ 11.2
- Dividend Yield 0.70 %
- ROCE 31.0 %
- ROE 24.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 24.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 33.3%
Cons
- Stock is trading at 8.59 times its book value
- Earnings include an other income of Rs.388 Cr.
- Debtor days have increased from 113 to 144 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,394 | 5,826 | 7,425 | 8,447 | 9,943 | 8,087 | 6,953 | 7,691 | 8,876 | 10,407 | 12,039 | 12,889 | |
| 4,105 | 5,510 | 7,017 | 7,992 | 9,574 | 7,982 | 6,821 | 7,483 | 8,532 | 9,890 | 11,409 | 12,272 | |
| Operating Profit | 289 | 317 | 408 | 455 | 369 | 105 | 133 | 207 | 345 | 517 | 629 | 617 |
| OPM % | 7% | 5% | 5% | 5% | 3.7% | 1.3% | 1.9% | 2.7% | 3.9% | 5.0% | 5% | 4.8% |
| 147 | 98 | 84 | 163 | 207 | 207 | 180 | 121 | 38 | 51 | 138 | 388 | |
| Interest | 41 | 3 | 31 | 28 | 3 | 8 | 15 | 9 | 6 | 4 | 5 | 0 |
| Depreciation | 2 | 2 | 5 | 6 | 4 | 6 | 6 | 5 | 5 | 5 | 7 | 13 |
| Profit before tax | 393 | 409 | 454 | 584 | 569 | 297 | 292 | 315 | 372 | 559 | 755 | 991 |
| Tax % | 29% | 29% | 28% | 32% | 31% | 66% | 18% | 24% | 25% | 26% | 26% | 25% |
| 278 | 289 | 326 | 396 | 392 | 100 | 240 | 238 | 278 | 414 | 557 | 742 | |
| EPS in Rs | 1.03 | 1.07 | 1.31 | 1.40 | 1.39 | 0.29 | 0.84 | 0.83 | 0.99 | 1.49 | 2.00 | 2.67 |
| Dividend Payout % | 24% | 41% | 41% | 26% | 31% | 31% | 37% | 40% | 36% | 28% | 33% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 24% |
| 3 Years: | 20% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 24% |
| 3 Years: | 45% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 23% |
| 3 Years: | 25% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,218 | 1,421 | 1,514 | 1,886 | 1,328 | 1,270 | 1,463 | 1,588 | 1,764 | 2,046 | 2,209 | 2,747 |
| 0 | 12 | 6 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | |
| 3,426 | 3,906 | 6,366 | 10,202 | 11,592 | 11,080 | 11,778 | 11,715 | 10,968 | 10,513 | 11,208 | 13,256 | |
| Total Liabilities | 4,764 | 5,459 | 8,066 | 12,269 | 13,101 | 12,531 | 13,422 | 13,483 | 12,913 | 12,739 | 13,688 | 16,274 |
| 26 | 62 | 123 | 129 | 182 | 165 | 159 | 175 | 182 | 185 | 531 | 614 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 2 | 4 | 12 | 4 | 38 |
| Investments | 146 | 236 | 74 | 28 | 42 | 28 | 20 | 18 | 21 | 276 | 265 | 19 |
| 4,592 | 5,161 | 7,868 | 12,111 | 12,876 | 12,337 | 13,227 | 13,287 | 12,705 | 12,266 | 12,887 | 15,603 | |
| Total Assets | 4,764 | 5,459 | 8,066 | 12,269 | 13,101 | 12,531 | 13,422 | 13,483 | 12,913 | 12,739 | 13,688 | 16,274 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -155 | 176 | 605 | 907 | 638 | 113 | 456 | 80 | -374 | -6 | 657 | 439 | |
| -2 | -36 | 282 | -474 | -209 | 88 | 151 | 33 | 272 | -184 | 573 | 250 | |
| -70 | -84 | -502 | -247 | -150 | -160 | -41 | -95 | -90 | -103 | -269 | -201 | |
| Net Cash Flow | -227 | 56 | 385 | 185 | 279 | 41 | 567 | 19 | -192 | -293 | 961 | 489 |
| Free Cash Flow | -161 | 152 | 591 | 902 | 633 | 130 | 454 | 74 | -385 | -50 | 338 | 402 |
| CFO/OP | -37% | 80% | 168% | 228% | 208% | 135% | 356% | 44% | -105% | 1% | 107% | 85% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 142 | 115 | 126 | 115 | 90 | 84 | 109 | 96 | 82 | 102 | 93 | 144 |
| Inventory Days | 38 | |||||||||||
| Days Payable | 200 | |||||||||||
| Cash Conversion Cycle | 142 | 115 | 126 | 115 | 90 | 84 | 109 | 96 | 82 | 102 | 93 | -18 |
| Working Capital Days | 7 | -1 | -30 | -122 | -149 | -235 | -285 | -241 | -190 | -123 | -122 | -120 |
| ROCE % | 35% | 28% | 32% | 29% | 30% | 18% | 18% | 21% | 27% | 32% | 33% | 31% |
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 ・Standalone data |
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| New Business Secured INR Crore |
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| Revenue per Employee INR Crore ・Standalone data |
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| Works Awarded to Contractors INR Crore |
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| Redevelopment Share of Order Book % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 801.20 Cr. Approx.
4h - NBCC won work orders worth Rs 801.20 crore from OSEPA and RBI.
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Board Meeting Intimation for Intimation Of Board Meeting For The Approval Of Financial Results And Consideration Of Declaration Of Interim Dividend, If Any.
1d - Board meets August 11, 2026 to approve Q1 FY27 results and consider first interim dividend.
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Announcement under Regulation 30 (LODR)-Change in Management
31 Jul - NBCC Executive Director (HRM) Debasis Satapathy superannuated on July 31, 2026.
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Intimation Of Signing Of Agreement Between Govt. Of Republic Of Seychelles And NBCC In Seychelles For Execution Of Housing And Associated Infrastructure Works
29 Jul - NBCC signed Seychelles agreement for 1,008 housing units; USD 75 million project funded by EXIM Bank.
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Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 108.85 Cr. Approx.
25 Jul - NBCC won two domestic PMC work orders worth Rs 108.85 crore: Srinagar lab and Odisha hostels.
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 2020TranscriptPPT
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Sep 2020TranscriptPPT
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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]