NBCC (India) Ltd
NSE: NBCC BSE: 534309Infra
NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. [1]
₹91.5
52W: ₹77.2 — ₹131
PE 39.4 · Book ₹9.34 · +880% vs bookMarket Cap₹24,708 Cr
Stock P/E39.4Price to Earnings
ROCE32.1%Return on Capital
ROE24.1%Return on Equity
Div. Yield0.72%Face Value ₹1
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has delivered good profit growth of 47.4% CAGR over last 5 years
- +Company has been maintaining a healthy dividend payout of 37.7%
Weaknesses
- −Stock is trading at 9.72 times its book value
- −Earnings include an other income of Rs.277 Cr.
Shareholding Pattern
Promoters61.75%
FIIs4.99%
DIIs10.75%
Public22.5%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 61.75% | 61.75% | 61.75% | 61.75% | 61.75% | 61.75% | 61.75% | 61.75% |
| FIIs | 4.43% | 4.11%▼0.3 | 4.15%▲0.0 | 4.2%▲0.0 | 4.99%▲0.8 | 5.34%▲0.3 | 5.2%▼0.1 | 4.99%▼0.2 |
| DIIs | 9.47% | 9.1%▼0.4 | 8.94%▼0.2 | 8.93%▼0.0 | 11.23%▲2.3 | 10.97%▼0.3 | 12.25%▲1.3 | 10.75%▼1.5 |
| Public | 24.35% | 25.03%▲0.7 | 25.15%▲0.1 | 25.13%▼0.0 | 22.02%▼3.1 | 21.95%▼0.1 | 20.81%▼1.1 | 22.5%▲1.7 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,622 | 1,919 | 3,008 | 1,627 | 1,852 | 2,030 | 3,218 | 1,655 | 2,097 | 2,088 |
| Expenses | 1,533 | 1,816 | 2,806 | 1,549 | 1,774 | 1,915 | 2,976 | 1,558 | 2,011 | 1,975 |
| Operating Profit | 89 | 102 | 202 | 78 | 78 | 115 | 241 | 97 | 86 | 112 |
| OPM % | 5% | 5% | 7% | 5% | 4% | 6% | 8% | 6% | 4% | 5% |
| Net Profit | 85 | 94 | 102 | 87 | 124 | 129 | 137 | 114 | 173 | 197 |
| EPS ₹ | 0.32 | 0.35 | 0.38 | 0.32 | 0.46 | 0.48 | 0.51 | 0.42 | 0.64 | 0.73 |
AI Insights
Revenue Trend
TTM revenue at ₹9,058Cr, up 3.8% YoY. OPM at 6%.
Debt Position
Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Capex Cycle
CWIP at ₹14Cr (3% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 10.75% (+0.42pp change). FIIs: 4.99% (+1.15pp change). Promoters hold 61.75%.
Margin & Efficiency
ROCE declining from 34% (Mar 2014) to 32% (Mar 2025). Working capital days: -81.
Valuation
PE 39.4x with 32.1% ROCE. Price is 880% above book value of ₹9.34. Dividend yield: 0.72%.
Recent Announcements
- Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 52.14 Cr. Approx. 2d - NBCC won two domestic work orders worth Rs. 52.14 Cr: IOB office building and SIC O&M.
- Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 131.02 Cr. Approx. 13 May - NBCC wins two domestic work orders worth Rs 131.02 crore for Amravati office and Andhra Pradesh Bhavan.
- Board Meeting Intimation for Intimation Of Board Meeting (I) To Consider Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2026 (FY 2025-26); And (Ii) Recommendation Of Final Dividend (If Any) For The FY 2025-26. 13 May - NBCC board meets May 25, 2026 to approve FY26 audited results and consider final dividend.
- Announcement under Regulation 30 (LODR)-Change in Directorate 8 May - Independent Director Rajeev Kumar ceased on May 8, 2026 after completing tenure.
- Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 252.80 Cr. Approx. 8 May - NBCC won Odisha school scheme work order worth Rs. 252.80 Cr on May 08, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse