NBCCConstruction

NBCC (India) Limited

Civil Construction · ISIN INE095N01031 · BSE 534309 · NSE EQ · FV ₹1
Last price
₹82
+0.88%today
What this company does

NBCC (India) Limited operates in Civil Construction, part of the Construction sector. It booked ₹2,260 cr of revenue in its latest quarter (Q1 FY27) and kept 6.9% of sales as profit. It is the 5th largest of 9 Civil Construction companies we track, by market value.

In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 19–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
30

At close. Not part of the score.

Profitability & returns85

How much profit it earns on the money it employs

Balance sheet87

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation16

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 17% vs last year
Promoters hold 62%
No promoter shares pledged
Strong 21% return on equity
Virtually debt-free
Watch-outs
! Thin 6.9% net margin
! Sales down 6% vs last year
! Operating cash flow is negative

What if I invest in NBCC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹82 +0.88%
latest close · 2026-09-17
1-year return
+179.4%
52-wk low ₹1852-wk high ₹99
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.0High
LowAverageHigh
P/B ratio7.35High
Below bookModerateHigh
EV / EBITDA21.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.5%Strong
WeakFairStrong ▸15%
Return on capital25.5%Strong
WeakFairStrong
Net margin6.9%Decent
ThinDecentStrong
EBITDA margin9.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover51,892.9×Strong
RiskyOkayStrong ▸5×
Current ratio1.18Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹22,175 cr
Book value
₹11
EPS
₹0.57
latest quarter
Net debt
₹-3,487 cr
more cash than debt
Enterprise value
₹18,688 cr
EBITDA
₹865 cr
annualised
EBIT
₹851 cr
annualised
Operating margin
9.4%
Return on assets
3.8%
Earnings yield
2.78%
P/S
2.45
Sales / share
₹33.5
Tax rate
25.7%
Face value
₹1
Shares
270.0 cr
Working capital
₹2,288 cr
Current assets
₹15,226 cr
Current liabilities
₹12,939 cr
Delivery %
40.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹23₹41, midpoint ₹24

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,260 cr
Other Income₹61 cr
Total Income₹2,321 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹42 cr
Inventory Change (±)₹20 cr
Employee Benefit Expense₹94 cr
Finance Costs₹0.41 L
Depreciation & Amortisation₹4 cr
Other Expenses₹1,949 cr
Total Expenses₹2,108 cr
Profit before Tax₹213 cr
Tax Expense₹55 cr
Share of JV / Associates₹3.4 L
Net Profit₹158 cr
Net margin on total income6.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹62 cr2.7%
Employee benefit expense₹94 cr4.0%
Finance costs₹0.41 L0.0%
Depreciation & amortisation₹4 cr0.2%
Other expenses₹1,949 cr84.0%
Tax expense₹55 cr2.4%
Profit for the period₹158 cr6.8%
Total income ₹2,321 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,022 cr4,560 cr2,260 cr
Total income3,095 cr4,619 cr2,321 cr
Expenses2,912 cr4,276 cr2,108 cr
Profit before tax263 cr342 cr213 cr
Tax68 cr89 cr55 cr
Net profit (owners' share)193 cr241 cr155 cr
Net margin (owners' share, on revenue)6.4%5.3%6.9%
EPS (₹)0.710.890.57
YoY (latest quarter): total income -5.9% · net profit +17.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹16,274 cr
Shareholder equity
₹3,017 cr
parent shareholders
Total debt
₹0 cr
Cash
₹3,487 cr
Cash flow · H1 FY26
Operating
₹-1,098 cr
Investing
₹224 cr
Financing
₹-110 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limitedthis company₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.14%
trailing 12 months
Dividend / share (TTM)
₹0.94
Last dividend
₹0.46
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹0.46 / share28 Aug 2026
Dividend₹0.15 / share17 Aug 2026
Dividend₹0.12 / share25 Feb 2026
Dividend₹0.21 / share19 Nov 2025
Dividend₹0.14 / share29 Aug 2025
Dividend₹0.21 / share13 Aug 2025
Who owns it · 2026-06-30
No pledge
Promoter
61.8%
FII / Foreign
4.8%
DII / Domestic
11.3%
Retail / others
22.2%
Smart-money activity
Insider trades
BoughtThe President of India acting through Ministry of Housing and Urban Affairs · Promoters19.34 cr · ₹19.3 cr4 Feb 20
SoldThe President of India acting through Ministry of Housing and Urban Affairs · Promoters25.09 cr · ₹25.1 cr28 Jan 20
BoughtPresident of India, acting through Ministry of Housing and Urban Affairs, Government of India · Promoters8.82 L · ₹8.8 L15 Oct 19
Bulk / block deals
short · NSE52,00026 Aug 26
short · NSE45,50025 Aug 26
short · NSE1,27019 Aug 26
Stake changes
BoughtLife Insurance Corporation of India→ 4.48% · 30.25 L24 Nov 25
BoughtLife Insurance Corporation of India→ 4.47% · 30.25 L24 Nov 25
BoughtThe President of lndia acting through the Ministry of Housing and Urban Affairs · promoter→ 61.75% · 19.34 cr4 Feb 20
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2025
See the official result
1
To consider, approve and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, and the Reports of the Board of Directors, the Statutory Auditors and the Comments of the Comptroller and Auditor General of India thereon.
Backed by 100% of shareholders other than promotersneeded 50%
40.54 cr votes for, 17,533 against · 0% of mutual funds and other big investors said no
2
To take note of the payment of interim dividend of Rs. 0.53/- (i.e. 53%) per fully paid-up Equity Share of Rs. 1/- each for the Financial Year 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
40.74 cr votes for, 18,859 against · 0% of mutual funds and other big investors said no
3
To declare final dividend of Rs. 0.14/-(i.e.14%) per fully paid-up Equity Share of Rs. 1/- each for the Financial Year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
40.74 cr votes for, 19,622 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Dr. Suman Kumar (DIN: 06945624), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 62% of shareholders other than promotersneeded 50%
25.16 cr votes for, 15.58 cr against · 38% of mutual funds and other big investors said no
5
To appoint a Director in place of Shri Sanjeet (DIN:09833776), who retires by rotation and being eligible, offers himself for re-appointment
⚑ Passed only because promoters voted yes
Backed by 46% of shareholders other than promotersneeded 50%
18.58 cr votes for, 22.17 cr against · 55% of mutual funds and other big investors said no
10
Appointment of Dr. Deepak Singh (DIN: 08568480) as an Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 70% of shareholders other than promotersneeded 75%
28.69 cr votes for, 12.05 cr against · 30% of mutual funds and other big investors said no
12
Re-Appointment of Shri Rajeev Kumar (DIN- 01610012) as an Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 52% of shareholders other than promotersneeded 75%
21.05 cr votes for, 19.69 cr against · 49% of mutual funds and other big investors said no
13
Appointment of Shri Vishal Puri (DIN: 11121276) as an Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 70% of shareholders other than promotersneeded 75%
28.69 cr votes for, 12.05 cr against · 30% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 61.8% between them · as of 2026-06-30
PRESIDENT OF INDIA61.75%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.