NCC (NCC) had a P/E of 10.6× on 6 Nov 2026, below the industry P/E of 16.4×, and the shares are 37% below their 52-week high. It earns ROCE of 15% and ROE of 8.9%, and sales and net profit grew 11% and 3.5% a year over 3 years. Its dividend yield is 1.8%, and debt is 0.57× equity. It is a small-cap company with a market cap of ₹7,712 Cr, ranked 15th of 156 Engineering & Construction companies by market cap; the shares fell 40% over the past year.
- ₹124.00
- ₹126.76
- ₹121.74
- ₹122.44
- 56.6 L
Health check
- ReturnsBehind
−40.5% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 10.6 vs industry 16.4.
- GrowthSlow
Sales +10.5%, profit +3.5% a year over 3 years.
- ProfitabilityAverage
ROCE 15.3% vs peer median 19.9%.
- Balance sheetFair
Debt 0.57× equity, interest covered 2.8×, Piotroski 4 of 9.
- Red flags1 to check
37% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,712 Cr
- Small cap
- P/E
- 10.6
- Industry 16.4
- Price to book
- 0.98
- Peers 4.92
- Dividend yield
- 1.80%
- ROE
- 8.9%
- Peers 17.9%
- ROCE
- 15.3%
- Peers 19.9%
- Debt to equity
- 0.57
- Debt ₹4,608 Cr
- EPS (TTM)
- ₹11.61
- Face value ₹2
- OPM (TTM)
- 9.0%
- Net margin 3.3%
- Sales growth
- +12.2%
- Latest quarter vs a year ago
- Profit growth
- +12.6%
- Latest quarter vs a year ago
- Price to sales
- 0.36
- EV/EBITDA 6.2
Strengths and risks
Strengths
- P/E of 10.6 against an industry P/E of 16.4.
- Promoter stake up from 22.1% to 23.2%.
Risks to check
- 37% below its 52-week high.
About NCC
NCC Limited operates in the construction business in India and internationally. It operates through the Construction, Real Estate, and Others segments. The company constructs buildings, including hospitals, medical colleges, institutional buildings, sports complexes, housing projects, IT parks, hospitals, stadiums, and industrial and commercial buildings; transportation projects comprising construction of expressways and highways, highway realignment and…
- Headquarters
- Hyderabad
- Employees
- 7,692
- Sector
- Industrials
- ISIN
- INE868B01028
- Website
- ncclimited.com
Price range
- Avg volume (3M)
- 30.5 L
- 1-year return
- minus 40.5%
- From 52-week high
- minus 37.3%
Analyst consensus
Next results expected around 4 Feb 2027
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% |
| NCCNCC | 122.84 | plus 0.33% | 7,712 | 10.6 | 4.9 | 15.3% | 9.0% | 0.57 | 10.5% | minus 40.5% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 6,131 | 5,179 | 4,868 | 6,233 | 5,812 | |
| – | – | – | +1.7% | +12.2% | |
| 5,575 | 4,723 | 4,432 | 5,682 | 5,267 | |
| 556 | 456 | 436 | 550 | 545 | |
| 9.1% | 8.8% | 9.0% | 8.8% | 9.4% | |
| 57.4 | 30.9 | 34 | 21.3 | 33.9 | |
| 193 | 164 | 196 | 213 | 198 | |
| 54 | 55 | 58.6 | 64.6 | 69.3 | |
| – | – | −33.7 | – | – | |
| 367 | 268 | 182 | 294 | 312 | |
| 27.8% | 23.7% | 25.5% | 26.2% | 26.5% | |
| 254 | 192 | 122 | 206 | 216 | |
| – | – | – | minus 18.8% | +12.6% | |
| 4.04 | 3.06 | 1.95 | 3.28 | 3.45 |
Profit & loss
- Sales CAGR 3Y
- +10.5%
- Profit CAGR 3Y
- +3.5%
- EPS CAGR 3Y
- +3.3%
- ROE
- 8.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15,390 | 20,704 | 21,999 | 20,767 | |
| – | +34.5% | +6.3% | minus 5.6% | |
| 13,928 | 18,928 | 20,077 | 18,931 | |
| 1,463 | 1,776 | 1,922 | 1,836 | |
| 9.5% | 8.6% | 8.7% | 8.8% | |
| −65.7 | −79.3 | −110 | −94.1 | |
| 339 | 387 | 439 | 523 | |
| 203 | 212 | 216 | 235 | |
| 29.6 | −37.1 | 29.9 | −31.7 | |
| 885 | 1,061 | 1,187 | 952 | |
| 27.0% | 30.2% | 26.9% | 24.0% | |
| 609 | 711 | 820 | 675 | |
| – | +16.7% | +15.4% | minus 17.6% | |
| 9.77 | 11.32 | 13.06 | 10.76 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 126 | 126 | 126 | 126 | |
| 6,041 | 6,514 | 7,198 | 7,743 | |
| 974 | 980 | 1,594 | 3,407 | |
| 9,409 | 10,478 | 12,089 | 14,730 | |
| 16,550 | 18,097 | 21,006 | 26,006 | |
| 1,255 | 1,297 | 1,388 | 2,111 | |
| 1,198 | 1,262 | 1,320 | 1,881 | |
| 211 | 1.5 | 1.5 | 1.6 | |
| 329 | 628 | 1,008 | 2,153 | |
| 13,556 | 14,909 | 17,289 | 19,859 | |
| 16,550 | 18,097 | 21,006 | 26,006 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,100 | 1,359 | 742 | −459 | |
| −192 | −319 | −58.6 | −766 | |
| −893 | −771 | −247 | 878 | |
| 15.9 | 270 | 436 | −346 | |
| −347 | −285 | −320 | −955 | |
| 753 | 1,074 | 422 | −1,414 | |
| −126 | −138 | −138 | −138 |
Shareholding pattern
- Promoters23.19%
- Public76.81%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 23.19% | 76.81% | plus 0.11 | |
| 30 Jun 2026 | 23.08% | 76.92% | plus 0.27 | |
| 31 Mar 2026 | 22.81% | 77.19% | plus 0.56 | |
| 31 Dec 2025 | 22.25% | 77.75% | plus 0.14 | |
| 30 Sep 2025 | 22.11% | 77.89% | – |
Major shareholders
Filings & events
News
No recent news coverage found.