NCC Limited
NSE: NCC · Civil Construction · sector
₹115.62NSE close 2026-10-26
Key numbers
Market cap₹7,259 cr
Price₹115.62
52w high / low₹217 / ₹116
P/E10.4xSector median 12.2x
P/B0.9xSector median 1.3x
Book value₹125.3
Dividend yield1.90%Sector median 0.76%
ROE9.2%Sector median 10.2%
ROCE15.6%Sector median 12.9%
OPM8.8%Sector median 10.7%
Debt / equity0.44xSector median 0.36x
EV/EBITDA5.0xSector median 8.8x
Interest cover2.3x
Current ratio1.36x
Sales growth 3y+10.2%Sector median +6.7%
Profit growth 3y+3.5%Sector median +5.8%
PEG3.18x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,291 cr vs borrowings ₹3,457 cr (FY26): borrowings are higher by ₹2,166 cr.
- Borrowings rose in each of the last 3 years (₹974 cr → ₹3,457 cr).
- Operating profit covered interest 2.3x in the last 12 months.
- 3.78% of the promoters' shares are pledged (0.9% of all shares).
- Promoter holding rose by 1.08 percentage points in a year, to 23.19% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 18% of net profit in the last 12 months.
- Debtor days went from 55 (FY24) to 66 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹115.62 on 2026-10-26: -46.8% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹315.25 · low ₹115.62
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,196 | 5,345 | 6,131 | 5,179 | 4,543 | 4,868 | 6,233 | 5,812 |
| EBITDA | 443 | 441 | 556 | 456 | 393 | 403 | 550 | 545 |
| OPM % | 8.5% | 8.2% | 9.1% | 8.8% | 8.7% | 8.3% | 8.8% | 9.4% |
| Other income | 28 | 38 | 58 | 29 | 42 | 32 | 18 | 31 |
| Net profit | 163 | 193 | 254 | 192 | 155 | 122 | 206 | 216 |
| EPS (₹) | 2.60 | 3.08 | 4.04 | 3.06 | 2.46 | 1.95 | 3.28 | 3.45 |
| Revenue YoY | -12.6% | -8.9% | +1.7% | +12.2% | ||||
| Profit YoY | -5.1% | -36.6% | -18.8% | +12.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 11,138 | 15,553 | 20,845 | 22,199 | 20,823 | 21,456 |
| EBITDA | 1,227 | 1,445 | 1,736 | 1,918 | 1,802 | 1,891 |
| Net profit | 494 | 609 | 740 | 821 | 675 | 700 |
| EPS (₹) | 7.91 | 9.77 | 11.32 | 13.06 | 10.76 | 11.14 |
| Revenue growth | +39.6% | +34.0% | +6.5% | -6.2% | -1.8% | |
| Profit growth | +23.3% | +21.5% | +10.9% | -17.8% | -12.8% | |
| Dividend / share (₹) | 0.80 | 2.00 | 2.20 | 2.20 | 2.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.2% | +21.2% | -1.8% |
| Net profit | +3.5% | +19.0% | -12.8% |
| EPS | +3.3% | +19.6% | – |
| Share price | – | -36.3% (2y) | -41.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 6,167 | 6,640 | 7,324 | 7,869 |
| Borrowings | – | 974 | 980 | 1,594 | 3,457 |
| Cash & equivalents | – | 724 | 1,171 | 1,586 | 1,291 |
| Total assets | – | 16,550 | 18,097 | 21,006 | 26,006 |
| Fixed assets | – | 1,238 | 1,253 | 1,348 | 1,758 |
| Capital work in progress | – | 15 | 41 | 37 | 351 |
| Investments | – | 338 | 133 | 143 | 151 |
| Receivables | – | 3,176 | 3,117 | 3,355 | 3,784 |
| Inventory | – | 1,374 | 1,764 | 1,810 | 2,445 |
| Payables | – | 5,306 | 6,710 | 8,206 | 7,896 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,416 | 1,100 | 1,359 | 742 | -459 |
| Cash from investing | -66 | -192 | -319 | -59 | -766 |
| Cash from financing | -1,275 | -893 | -771 | -247 | 878 |
| Capex | 215 | 347 | 285 | 320 | 955 |
| Free cash flow | 1,201 | 753 | 1,074 | 422 | -1,414 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.9% | 11.2% | 11.2% | 8.6% |
| ROCE % | – | 19.5% | 21.7% | 20.8% | 14.9% |
| Debtor days | – | 75 | 55 | 55 | 66 |
| Inventory days | – | 102 | 87 | 85 | 129 |
| Payable days | – | 393 | 330 | 384 | 417 |
| Cash conversion cycle (days) | – | -216 | -188 | -244 | -222 |
| Working capital days | – | 79 | 66 | 74 | 104 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 23.19% |
| FIIs | 10.45% |
| DIIs | 18.16% |
| of which Mutual funds | 14.38% |
| of which Insurance | 3.11% |
| Government | 0.00% |
| Public (non-institutions) | 48.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 22.02% | 22.11% | 22.11% | 22.11% | 22.25% | 22.81% | 23.08% | 23.19% |
| Promoter group | % |
|---|---|
| A V S R Holdings Private Limited | 11.06% |
| Sirisha Projects Private Limited | 4.03% |
| U Sunil | 1.12% |
| Suguna A | 0.69% |
| Alluri Venkata Narasimha Raju | 0.64% |
| Arundhati Alluri | 0.59% |
| Alluri Srimannarayana Raju | 0.58% |
| Gopala Krishnamraju Alluri | 0.57% |
| Ramya Uddaraju | 0.55% |
| Jampana Venkata Ranga Raju | 0.39% |
| Narasimha Developers Private Limited | 0.35% |
| Rangaraju A A V | 0.32% |
| Alluri Bharathi | 0.29% |
| SRI Harsha Varma Alluri | 0.28% |
| Alluri Vishnu Varma | 0.28% |
| Public holders above 1% | % |
|---|---|
| Rekha Jhunjhunwala | 10.63% |
| ICICI Prudential Smallcap Fund | 5.80% |
| Quant Mutual Fund - Quant Multi CAP Fund | 4.99% |
| Tata AIA Life Insurance Co Ltd-pension Equity Fund | 2.30% |
| Rekha Jhunjhunwala | 1.85% |
| Bandhan Infrastructure Fund | 1.13% |
| Ishares Core Msci Emerging Markets ETF | 1.01% |
5,44,657 shareholders. Pledged: 3.78% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| NCC | ₹7,259 cr | 10.4x | 0.9x | 9.2% | 15.6% | 8.8% | +10.2% | 1.90% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Construction | ₹20,559 cr | 98.7% | ₹1,117 cr | 5.4% |
| Real Estate | ₹264 cr | 1.3% | ₹31 cr | 11.6% |
| Others | ₹0 cr | – | ₹-2 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-14 | Dividend | Dividend - Rs 2.20 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 2.20 Per Share |
| 2024-08-30 | Dividend | Dividend - Rs 2.20 Per Share |
| 2023-08-25 | Dividend | Dividend - Rs 2.20 Per Share |
| 2022-08-11 | Dividend | Dividend - Rs 2 Per Share |
| 2021-08-05 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2020-09-07 | Dividend | Dividend - Rs 0.20 Per Share |
| 2019-08-08 | Dividend | Dividend - Rs 1.50 Per Share |
| 2018-07-30 | Dividend | Dividend- Re 1 Per Share |
| 2017-08-07 | Dividend | Dividend - Re 0.40 Per Share |
| 2016-08-08 | Dividend | Dividend - Re 0.60/- Per Share |
| 2015-08-10 | Dividend | Annual General Meeting/Dividend - Re 0.40/- Per Share |
| 2014-09-18 | Rights | Rights 7 : 6 @ Premium Rs 18/- Per Share |
| 2014-07-08 | Dividend | Annual General Meeting / Dividend - Re 0.20/- Per Share |
| 2013-09-12 | Dividend | Annual General Meeting/Dividend Re 0.30/- Per Share |
| 2012-09-13 | Dividend | Annual General Meeting/ Dividend Rs. 0.30 Per Share |
| 2011-07-21 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-07-22 | Dividend | Annual General Meeting And Dividend Rs.1.30 Per Share |
| 2009-07-14 | Other | Agm/Div-Rs.1.10 Per Share |
| 2008-07-17 | Dividend | Agm/Dividend - 65% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction & Civil Engineering: Construction of Industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, real estate development, etc.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | NCC |
| BSE code | 500294 |
| ISIN | INE868B01028 |
| Face value | ₹2.0 |
| Incorporated | 1990-03-22 |
| Website | www.ncclimited.com |
| Plants (India / abroad) | 171 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.