Construction
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Reasonably good balance sheet.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.5% in last 30 days.
Smart Money: Smart money is losing interest in the stock.
Technicals: SharesGuru indicator is Bearish.
Valuation | |
|---|---|
| Market Cap | 8.98 kCr |
| Price/Earnings (Trailing) | 12.42 |
| Price/Sales (Trailing) | 0.43 |
| EV/EBITDA | 5.93 |
| Price/Free Cashflow | 31.21 |
| MarketCap/EBT | 8.79 |
| Enterprise Value | 11.69 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 20.88 kCr |
| Rev. Growth (Yr) | -9% |
| Earnings (TTM) | 772.26 Cr |
| Earnings Growth (Yr) | -34.3% |
Profitability | |
|---|---|
| Operating Margin | 5% |
| EBT Margin | 5% |
| Return on Equity | 10.01% |
| Return on Assets | 3.29% |
| Free Cashflow Yield | 3.2% |
Growth & Returns | |
|---|---|
| Price Change 1W | -6.8% |
| Price Change 1M | -6.5% |
| Price Change 6M | -30.8% |
| Price Change 1Y | -23.3% |
| 3Y Cumulative Return | 15.2% |
| 5Y Cumulative Return | 10% |
| 7Y Cumulative Return | 5.7% |
| 10Y Cumulative Return | 7.2% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -58.55 Cr |
| Cash Flow from Operations (TTM) | 741.7 Cr |
| Cash Flow from Financing (TTM) | -246.68 Cr |
| Cash & Equivalents | 211.88 Cr |
| Free Cash Flow (TTM) | 422.19 Cr |
| Free Cash Flow/Share (TTM) | 6.72 |
Balance Sheet | |
|---|---|
| Total Assets | 23.44 kCr |
| Total Liabilities | 15.73 kCr |
| Shareholder Equity | 7.71 kCr |
| Current Assets | 19.84 kCr |
| Current Liabilities | 14.65 kCr |
| Net PPE | 1.43 kCr |
| Inventory | 2.24 kCr |
| Goodwill | 63 L |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.12 |
| Debt/Equity | 0.38 |
| Interest Coverage | 0.41 |
| Interest/Cashflow Ops | 2.08 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2.2 |
| Dividend Yield | 1.44% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Reasonably good balance sheet.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.5% in last 30 days.
Smart Money: Smart money is losing interest in the stock.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 1.44% |
| Dividend/Share (TTM) | 2.2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 11.51 |
Financial Health | |
|---|---|
| Current Ratio | 1.35 |
| Debt/Equity | 0.38 |
Technical Indicators | |
|---|---|
| RSI (14d) | 32.62 |
| RSI (5d) | 47.7 |
| RSI (21d) | 53.49 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of NCC's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
NCC Limited's management provided a cautiously optimistic outlook during the Q3 FY '26 earnings call. The consolidated order book stood at INR 79,571 crores as of December 31, 2025, supported by fresh order inflows of INR 12,430 crores in Q3 FY '26. Management emphasized the order book's diversification across segments"”Buildings (31%), Transportation (22%), Electrical T&D (18%), Mining (13%), Water & Railway (10%), and Irrigation and others (7%).
For Q3 FY '26, the company reported consolidated revenue of INR 4,900 crores, down from INR 5,383 crores in the corresponding quarter of the previous year. The EBITDA margin remained resilient at approximately 9%, reflecting operational discipline and cost rationalization. On a 9-month basis, cumulative revenue was INR 14,693 crores, with cumulative order inflows reaching INR 22,311 crores.
Looking ahead, management did not provide explicit guidance for FY '26 but stated that they expect a robust Q4 as projects transition from mobilization to execution. They noted a significant increase in debt from INR 2,115 crores to INR 2,980 crores due to mobilization and capex needs, despite receiving only a small amount from the Jal Jeevan Mission (JJM) projects.
Importantly, management highlighted the importance of timely payments from clients, particularly for JJM, which is pending around INR 1,200 crores receivables. They expect improvements in payment flows, resulting in better execution momentum. There is also mention of investments and operational readiness in upcoming projects, indicating a focus on regaining execution strength in the coming quarters.
Q: My first question is on the execution. Can you help us understand the movement of INR28,000 crores of orders won in March and INR7,000 crores of JJM into execution?
A: We are seeing some progress. We have received approximately INR560 crores from JJM recently, and we are optimistic about future payments based on the significant budget allocation for FY '27. Once payments start flowing in, we can evaluate our next steps. Execution will depend largely on the payment release pattern from our clients.
Q: Is the entire order book of INR72,000 crores now under execution? Are we expecting substantial ramp-up in Q4?
A: Not all projects have commenced execution yet. While large projects are moving along, formal guidance for FY '26 has been withdrawn. That said, we expect good progress in Q4 as many projects reach operational phases properly.
Q: Why has the debt increased by INR1,000 crores despite receiving from JJM? Where did this increase come from?
A: The increase in debt is due to limited cash inflow from JJM in Q3; most funds arrived in January. Additionally, we have incurred costs for capex and new loans associated with our smart meter projects, contributing to the elevated debt levels.
Q: Can you provide an update on the status of the Vizag receivable? Is it still on track for expected recovery?
A: Yes, we anticipate receiving the expected amount from Vizag in the current quarter. There was an agreement in place, and we remain hopeful about this recovery process.
Q: What would be the outstanding order backlog in JJM? Also, what are the total receivables across all states?
A: Our outstanding JJM backlog stands at INR7,000 crores, while total receivables across all JJM projects are approximately INR3,700 crores after accounting for recent payments from UP.
Q: Can you discuss the capex plans for FY '27? What's the expected number?
A: For FY '27, the capex requirement should be around INR400 crores, reflecting ongoing needs in our mining division and the phased manner in which equipment will be acquired.
Q: What impact will the current high commodity prices have on your margins, given a large portion of contracts?
A: Roughly 79% of our contracts include escalation clauses, which should protect us against commodity price fluctuations to a large extent, ensuring we can maintain our margins sufficiently.
Q: Can you clarify how long you are expecting to have outstanding issues like those with JJM? Will this continue into FY '27?
A: The situation with JJM payments has caused some delays, but we expect improvements moving forward. However, ongoing client payment behaviors are critical to operations and we will evaluate the environment going into FY '27.
Q: You mentioned that the merger won't impact stand-alone debt levels. Can you clarify this?
A: Correct; the merger with NCCIHL did not affect our stand-alone debt levels significantly. The adjustments were primarily related to the fair value of investments, with the balance sheet reflecting a reduction in overall numbers but no debts altered as a result.
Analysis of NCC's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Construction | 99.1% | 4.8 kCr |
| Real estate | 0.9% | 41.7 Cr |
| Total | 4.9 kCr |
Understand NCC ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| A V S R HOLDINGS PRIVATE LTD | 10.8% |
| REKHA JHUNJHUNWALA | 10.63% |
| ICICI PRUDENTIAL INFRASTRUCTURE FUND | 5.98% |
| QUANT MUTUAL FUND - QUANT MULTI CAP FUND | 4.99% |
| SIRISHA PROJECTS PRIVATE LIMITED | 3.35% |
| U SUNIL | 1.12% |
| UNIFI BLEND FUND 2 | 1.08% |
| 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% |
| ALLURI VISHNU VARMA | 0.28% |
| SRI HARSHA VARMA ALLURI | 0.28% |
| SRINIVAS RAMARAJU ALLURI | 0.27% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of NCC against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LT | Larsen & Toubro | 5.56 LCr | 2.83 LCr | 0.00% | +24.70% | 34.17 | 1.96 | - | - |
| KEC | KEC International | 14.65 kCr | 24.03 kCr | -10.60% | -23.60% | 21.51 | 0.61 | - | - |
| PNCINFRA | PNC Infratech | 5.06 kCr | 5.62 kCr | -12.70% | -27.40% | 6.33 | 0.9 | - | - |
| HGINFRA | H.G. Infra Engineering | 3.26 kCr | 5.19 kCr | -23.40% | -53.30% | 8.31 | 0.63 | - | - |
Comprehensive comparison against sector averages
NCC metrics compared to Construction
| Category | NCC | Construction |
|---|---|---|
| PE | 12.98 | 24.57 |
| PS | 0.45 | 1.60 |
| Growth | -8 % | 6.7 % |
NCC Limited engages in the construction business in India and internationally. It operates through Construction, Real Estate, and Others segments. The company constructs industrial and commercial buildings, housing projects, IT parks, sports complexes, hospitals, stadiums, and highways, as well as roads, flyovers, bridges, etc. It also undertakes design, engineering, erection, testing, and commissioning of transmission lines, sub-stations, voltage distribution system, and feeder separation schemes, as well as earth works, track linking, and overhead electrification; and railway projects, which include freight corridors and railway sidings. In addition, the company constructs water supply systems, water treatment plants, distribution networks, river intake works, electro-mechanical works, underground drainage networks, lift irrigation schemes, and sewage pumping stations and treatment plants; and dams and reservoirs, canals, tunnels, and hydroelectric power projects, as well as barrages, spillways, and aqueducts. Further, it operates power and metal business; and provision of mine developer-cum-operator services, as well as removal of overburden and extraction of coal, lignite, and other minerals from open cast mines. The company was formerly known as Nagarjuna Construction Company Limited and changed its name to NCC Limited in March 2011. NCC Limited was founded in 1978 and is based in Hyderabad, India.
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NCC vs Construction (2021 - 2026)