NCC Ltd
Incorporated in 1978, NCC Limited undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis[1]
- Market Cap ₹ 14,786 Cr.
- Current Price ₹ 236
- High / Low ₹ 364 / 170
- Stock P/E 18.0
- Book Value ₹ 117
- Dividend Yield 0.95 %
- ROCE 22.1 %
- ROE 11.7 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 19.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.6%
Cons
- Company has a low return on equity of 11.1% 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7,272 | 9,513 | 9,527 | 9,001 | 8,391 | 12,896 | 8,901 | 7,949 | 11,138 | 15,553 | 20,845 | 22,199 | |
6,514 | 8,513 | 8,540 | 8,326 | 7,518 | 11,303 | 7,824 | 7,030 | 10,110 | 14,094 | 19,076 | 20,281 | |
Operating Profit | 758 | 1,000 | 987 | 675 | 873 | 1,592 | 1,077 | 919 | 1,028 | 1,459 | 1,769 | 1,918 |
OPM % | 10% | 11% | 10% | 8% | 10% | 12% | 12% | 12% | 9% | 9% | 8% | 9% |
105 | 127 | 71 | 87 | -23 | 17 | 63 | 105 | 272 | 144 | 99 | 165 | |
Interest | 654 | 737 | 643 | 513 | 460 | 522 | 554 | 480 | 478 | 515 | 595 | 680 |
Depreciation | 235 | 277 | 248 | 203 | 172 | 193 | 199 | 181 | 187 | 203 | 212 | 216 |
Profit before tax | -27 | 113 | 167 | 46 | 219 | 894 | 387 | 363 | 635 | 885 | 1,061 | 1,187 |
Tax % | -138% | 45% | 51% | 82% | 37% | 37% | 19% | 22% | 22% | 27% | 30% | 27% |
-9 | 48 | 82 | 8 | 139 | 568 | 314 | 283 | 494 | 646 | 740 | 868 | |
EPS in Rs | 0.06 | 0.97 | 2.17 | 0.57 | 2.81 | 9.63 | 5.52 | 4.40 | 7.91 | 9.70 | 11.32 | 13.06 |
Dividend Payout % | 156% | 41% | 28% | 70% | 36% | 16% | 4% | 18% | 25% | 23% | 19% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 20% |
3 Years: | 26% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 19% |
3 Years: | 35% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 62% |
3 Years: | 53% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 9% |
3 Years: | 11% |
Last Year: | 12% |
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 | 51 | 111 | 111 | 111 | 120 | 120 | 122 | 122 | 122 | 126 | 126 | 126 |
Reserves | 2,715 | 3,291 | 3,281 | 3,336 | 3,962 | 4,475 | 4,784 | 5,049 | 5,481 | 6,041 | 6,514 | 7,198 |
3,914 | 3,390 | 3,208 | 2,572 | 2,061 | 2,691 | 2,181 | 2,062 | 1,302 | 974 | 980 | 1,594 | |
5,435 | 5,753 | 5,721 | 5,090 | 6,265 | 7,374 | 6,724 | 6,307 | 7,553 | 9,409 | 10,475 | 12,089 | |
Total Liabilities | 12,115 | 12,545 | 12,321 | 11,109 | 12,408 | 14,660 | 13,812 | 13,540 | 14,458 | 16,550 | 18,095 | 21,006 |
2,608 | 2,446 | 1,674 | 1,099 | 1,158 | 1,551 | 1,413 | 1,417 | 1,443 | 1,503 | 1,565 | 1,650 | |
CWIP | 24 | 11 | 8 | 1 | 23 | 13 | 15 | 22 | 7 | 22 | 41 | 37 |
Investments | 1,108 | 1,133 | 1,128 | 729 | 619 | 475 | 448 | 440 | 346 | 352 | 155 | 148 |
8,375 | 8,955 | 9,510 | 9,281 | 10,608 | 12,621 | 11,935 | 11,661 | 12,662 | 14,673 | 16,334 | 19,171 | |
Total Assets | 12,115 | 12,545 | 12,321 | 11,109 | 12,408 | 14,660 | 13,812 | 13,540 | 14,458 | 16,550 | 18,095 | 21,006 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
634 | 867 | 395 | 314 | 586 | 673 | 931 | 842 | 1,416 | 1,100 | 1,359 | 742 | |
-67 | -95 | 193 | 376 | -188 | -619 | 11 | -207 | -66 | -192 | -319 | -59 | |
-643 | -643 | -551 | -818 | -453 | 89 | -1,047 | -558 | -1,275 | -893 | -771 | -247 | |
Net Cash Flow | -75 | 129 | 37 | -129 | -56 | 143 | -105 | 77 | 75 | 16 | 270 | 436 |
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 | 88 | 64 | 141 | 167 | 216 | 97 | 112 | 126 | 83 | 75 | 55 | 55 |
Inventory Days | 312 | 218 | 265 | 290 | 338 | 103 | 166 | 180 | 117 | 102 | 87 | 70 |
Days Payable | 255 | 175 | 301 | 335 | 428 | 328 | 491 | 565 | 447 | 393 | 330 | 316 |
Cash Conversion Cycle | 145 | 107 | 105 | 122 | 126 | -127 | -213 | -258 | -246 | -217 | -189 | -192 |
Working Capital Days | 134 | 106 | 119 | 150 | 153 | 121 | 157 | 194 | 120 | 83 | 61 | 70 |
ROCE % | 9% | 12% | 12% | 8% | 12% | 21% | 13% | 11% | 12% | 19% | 22% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording of NCC's Q4 and FY 2025 financial results conference call available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Submission of Newspaper publications for Audited Financial Results for the Fourth Quarter and Financial Year ended March 31, 2025
- Announcement under Regulation 30 (LODR)-Investor Presentation 15 May
- Audited Financial Results For The 4Th Quarter And Year Ended 31St March 2025 15 May
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Corporate Action-Board approves Dividend
15 May - NCC Limited Q4 and FY25 audited results; Rs.2.20 dividend recommended; 35th AGM on Aug 29, 2025.
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 2011
from nse
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Financial Year 2011
from bse
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
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]