NCC Ltd

NCC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NCC Ltd

₹ 233 1.04%
21 May 4:01 p.m.
ncclimited.com BSE: 500294 NSE: NCC
About

Incorporated in 1978, NCC Limited undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis[1]

Key Points

Business Segments
1. Construction (98.5% of 9MFY25 revenue): The company’s construction activities encompass Buildings, Transportation, Water and Environment, Electrical Transmission & Distribution, Irrigation, Mining, and Railways projects. [1] [2] It has also entered the smart meters segment.[3] It has completed 500+ building projects, 20,700 + km water pipelines and irrigated 3,50,000 acres of land.[4]

Website BSE NSE
  • Market Cap ₹ 14,651 Cr.
  • Current Price ₹ 233
  • High / Low ₹ 364 / 170
  • Stock P/E 18.5
  • Book Value ₹ 118
  • Dividend Yield 0.95 %
  • ROCE 20.6 %
  • ROE 11.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 21.4%

Cons

  • Company has a low return on equity of 10.1% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Sector: Infrastructure Developers & Operators Industry: Construction

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 Nifty High Beta 50

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
3,134 2,959 3,004 3,373 4,016 3,838 4,283 4,747 5,446 4,713 4,445 4,671 5,376
2,867 2,677 2,715 3,024 3,592 3,458 4,005 4,268 4,936 4,274 4,044 4,261 4,881
Operating Profit 267 281 289 349 424 381 279 479 510 440 401 410 495
OPM % 9% 10% 10% 10% 11% 10% 6% 10% 9% 9% 9% 9% 9%
179 31 33 57 31 28 28 26 -15 34 35 49 30
Interest 123 109 122 138 141 132 154 155 154 153 165 161 174
Depreciation 46 48 49 51 52 52 53 53 52 53 54 53 53
Profit before tax 278 156 150 218 261 224 101 298 289 267 218 244 299
Tax % 12% 23% 19% 31% 32% 28% 31% 29% 35% 25% 26% 24% 28%
243 120 122 150 178 162 69 213 187 201 161 185 214
EPS in Rs 3.99 1.93 1.94 2.39 2.83 2.58 1.10 3.39 2.98 3.20 2.56 2.95 3.41
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5,926 8,297 8,325 7,892 7,559 12,080 8,219 7,256 9,930 13,351 18,314 19,205
5,521 7,648 7,557 7,205 6,704 10,657 7,189 6,401 8,934 12,009 16,666 17,460
Operating Profit 406 649 769 687 856 1,423 1,030 855 996 1,343 1,648 1,746
OPM % 7% 8% 9% 9% 11% 12% 13% 12% 10% 10% 9% 9%
153 195 173 87 9 59 119 116 254 152 68 148
Interest 466 574 509 396 379 451 518 458 460 510 595 653
Depreciation 90 112 110 112 117 149 178 174 182 200 209 213
Profit before tax 3 159 322 267 368 882 453 339 608 785 911 1,028
Tax % -1,302% 30% 26% 16% 22% 36% 16% 23% 19% 27% 31% 26%
41 112 240 226 287 564 382 261 490 569 631 761
EPS in Rs 0.73 2.01 4.32 4.06 4.77 9.39 6.26 4.29 8.04 9.07 10.06 12.12
Dividend Payout % 13% 20% 14% 10% 21% 16% 3% 19% 25% 24% 22% 18%
Compounded Sales Growth
10 Years: 9%
5 Years: 19%
3 Years: 25%
TTM: 5%
Compounded Profit Growth
10 Years: 24%
5 Years: 16%
3 Years: 28%
TTM: 18%
Stock Price CAGR
10 Years: 11%
5 Years: 62%
3 Years: 53%
1 Year: -20%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 51 111 111 111 120 120 122 122 122 126 126 126
Reserves 2,469 3,093 3,150 3,331 4,122 4,637 4,984 5,243 5,681 6,196 6,687 7,311
2,475 1,995 1,883 1,577 1,300 1,993 1,910 1,789 1,184 980 1,005 1,484
4,133 4,234 4,112 3,925 5,259 6,409 5,755 5,545 6,839 8,298 9,518 10,913
Total Liabilities 9,127 9,433 9,256 8,944 10,801 13,159 12,770 12,699 13,827 15,600 17,336 19,834
692 632 584 640 808 1,310 1,260 1,291 1,328 1,386 1,445 1,523
CWIP 10 8 8 1 23 13 15 22 7 22 40 37
Investments 1,164 1,157 993 1,029 1,024 919 889 999 894 875 1,033 1,065
7,261 7,636 7,671 7,274 8,946 10,916 10,607 10,387 11,597 13,318 14,818 17,209
Total Assets 9,127 9,433 9,256 8,944 10,801 13,159 12,770 12,699 13,827 15,600 17,336 19,834

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
370 514 489 197 447 345 636 710 1,296 873 1,299 816
-173 -79 365 455 -359 -425 -164 64 -131 -132 -333 -219
-217 -409 -713 -755 -137 217 -583 -689 -1,099 -749 -706 -311
Net Cash Flow -20 26 141 -103 -50 137 -111 84 66 -8 261 286

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 89 60 135 164 218 92 107 127 88 76 53 56
Inventory Days 224 148 155 178 223 39 64 81 85 83 72 54
Days Payable 215 145 259 334 445 336 488 565 458 369 306 298
Cash Conversion Cycle 97 63 31 7 -5 -204 -317 -358 -286 -210 -181 -187
Working Capital Days 161 133 134 134 126 99 142 185 125 92 63 73
ROCE % 9% 14% 16% 14% 16% 22% 14% 11% 13% 17% 21% 21%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
21.11% 21.99% 21.99% 22.00% 22.00% 22.00% 22.00% 22.00% 22.00% 22.00% 22.02% 22.10%
9.77% 12.80% 15.76% 19.96% 22.46% 24.18% 23.89% 27.33% 23.65% 20.86% 18.13% 13.79%
11.30% 13.10% 12.35% 12.86% 12.29% 11.03% 10.52% 10.63% 11.40% 12.34% 14.17% 15.60%
57.82% 52.10% 49.89% 45.16% 43.24% 42.81% 43.59% 40.03% 42.96% 44.78% 45.68% 48.49%
No. of Shareholders 3,40,9693,25,1802,95,8842,87,4512,94,5813,29,4983,67,8224,05,0374,71,5325,02,0875,17,7095,78,435

* 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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