NBCC (India) (NBCC) had a P/E of 26.5× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 38% below their 52-week high. Its ROCE of 34% is the second-highest among the 7 largest Engineering & Construction peers, and sales and net profit grew 13% and 39% a year over 3 years. It has almost no debt, and its dividend yield is 1.3%. It is a small-cap company with a market cap of ₹21,060 Cr, ranked 5th of 156 Engineering & Construction companies by market cap; the shares fell 30% over the past year.
- ₹80.00
- ₹80.00
- ₹76.51
- ₹80.33
- 2 Cr
Health check
- ReturnsBehind
−29.5% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 26.5 vs industry 16.4.
- GrowthSteady
Sales +12.9%, profit +39.2% a year over 3 years.
- ProfitabilityStrong
ROCE 34.3% vs peer median 16.7%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags2 to check
P/E of 26.5 against an industry P/E of 16.4.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹21,060 Cr
- Small cap
- P/E
- 26.5
- Industry 16.4
- Price to book
- 6.59
- Peers 4.92
- Dividend yield
- 1.28%
- ROE
- 26.1%
- Peers 16.1%
- ROCE
- 34.3%
- Peers 16.7%
- Debt to equity
- 0.00
- Debt ₹0.56 Cr
- EPS (TTM)
- ₹2.94
- Face value ₹1
- OPM (TTM)
- 6.9%
- Net margin 6.0%
- Sales growth
- +16.5%
- Latest quarter vs a year ago
- Profit growth
- +34.5%
- Latest quarter vs a year ago
- Price to sales
- 1.60
- EV/EBITDA 21.0
Strengths and risks
Strengths
- Return on equity of 26.1%.
- Return on capital employed of 34.3%.
- Practically debt-free.
- Quarterly profit up 34.5% on a year ago.
- Quarterly sales up 16.5% on a year ago.
Risks to check
- P/E of 26.5 against an industry P/E of 16.4.
- 38% below its 52-week high.
About NBCC (India)
NBCC (India) Limited engages in project management consultancy, engineering procurement and construction, and real estate development businesses in India and internationally. The company operates through three segments: PMC; EPC; and Real Estate. It offers services for various civil construction projects, including residential and commercial complexes, re-development of old government colonies, education and medical institutions, infrastructure project…
- Headquarters
- New Delhi
- Employees
- 1,150
- Sector
- Industrials
- ISIN
- INE095N01031
- Website
- nbccindia.in
Price range
- Avg volume (3M)
- 62 L
- 1-year return
- minus 29.5%
- From 52-week high
- minus 38.0%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| LOTUSDEVSri Lotus Developers and Realty | 233.82 | minus 0.16% | 11,427 | 39.0 | 38.2 | 16.7% | 36.7% | 0.06 | 66.4% | plus 31.7% |
| Median of 7 peers | – | −0.04% | 23,410 | 31.7 | 21.5 | 16.7% | 10.4% | 0.35 | 16.1% | 31.7% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2,914 | 3,022 | 4,560 | 2,260 | 3,396 | |
| 2,806 | 2,889 | 4,176 | 2,101 | 3,160 | |
| 108 | 134 | 384 | 158 | 236 | |
| 3.7% | 4.4% | 8.4% | 7.0% | 6.9% | |
| 103 | 72.2 | 58.9 | 61.4 | 60.4 | |
| 0 | 0 | 0 | 0 | 0 | |
| 3 | 3.1 | 3.9 | 3.5 | 3.6 | |
| −3.8 | 60 | −97 | −3.3 | −10.4 | |
| 205 | 263 | 342 | 213 | 282 | |
| 23.5% | 25.0% | 25.9% | 25.7% | 25.6% | |
| 154 | 193 | 241 | 155 | 206 | |
| 0.57 | 0.71 | 0.89 | 0.57 | 0.76 |
Profit & loss
- Sales CAGR 3Y
- +12.9%
- Profit CAGR 3Y
- +39.2%
- EPS CAGR 3Y
- +39.3%
- ROE
- 26.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8,771 | 10,328 | 11,637 | 12,608 | |
| – | +17.8% | +12.7% | +8.3% | |
| 8,361 | 9,785 | 10,788 | 11,859 | |
| 410 | 543 | 848 | 749 | |
| 4.7% | 5.3% | 7.3% | 5.9% | |
| 391 | 416 | 376 | 408 | |
| 192 | 212 | 165 | 154 | |
| 5.2 | 5.3 | 7.4 | 13.1 | |
| −232 | −183 | −297 | 1.2 | |
| 372 | 559 | 755 | 991 | |
| 25.2% | 25.8% | 26.2% | 25.1% | |
| 267 | 402 | 541 | 720 | |
| – | +50.6% | +34.8% | +33.1% | |
| 0.99 | 1.49 | 2.00 | 2.67 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 180 | 180 | 270 | 270 | |
| 1,765 | 2,046 | 2,209 | 2,747 | |
| 0.5 | 0.6 | 0.4 | 0.3 | |
| 10,934 | 10,479 | 10,864 | 13,256 | |
| 12,879 | 12,705 | 13,344 | 16,274 | |
| 170 | 181 | 173 | 633 | |
| 4.4 | 12.2 | 4.4 | 37.8 | |
| 152 | 123 | 34.9 | 54.7 | |
| 5,078 | 5,132 | 5,754 | 6,244 | |
| 7,475 | 7,257 | 7,378 | 9,304 | |
| 12,879 | 12,705 | 13,344 | 16,274 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −374 | −5.6 | 661 | 439 | |
| 272 | −184 | 575 | 250 | |
| −90.3 | −103 | −269 | −201 | |
| −192 | −293 | 967 | 489 | |
| −11.2 | −44.8 | −320 | −37.4 | |
| −385 | −50.4 | 341 | 402 | |
| −91.6 | −103 | −267 | −200 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 14.5% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.