Construction
Valuation | |
|---|---|
| Market Cap | 9.43 kCr |
| Price/Earnings (Trailing) | 11.88 |
| Price/Sales (Trailing) | 0.44 |
| EV/EBITDA | 6.03 |
| Price/Free Cashflow | 31.21 |
| MarketCap/EBT | 8.56 |
| Enterprise Value | 12.14 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 1.1% |
| Price Change 1M | -3.3% |
| Price Change 6M | -34% |
| Price Change 1Y | -39.3% |
| 3Y Cumulative Return | 17.5% |
| 5Y Cumulative Return | 19.3% |
| 7Y Cumulative Return | 8% |
| 10Y Cumulative Return | 9.2% |
| Revenue (TTM) |
| 21.37 kCr |
| Rev. Growth (Yr) | -12.2% |
| Earnings (TTM) | 842.9 Cr |
| Earnings Growth (Yr) | -4.3% |
Profitability | |
|---|---|
| Operating Margin | 5% |
| EBT Margin | 5% |
| Return on Equity | 10.93% |
| Return on Assets | 3.6% |
| Free Cashflow Yield | 3.2% |
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 | 0.59 |
| Interest/Cashflow Ops | 2.08 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2.2 |
| Dividend Yield | 1.46% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Past Returns: In past three years, the stock has provided 17.5% return compared to 12.5% by NIFTY 50.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Momentum: Stock has a weak negative price momentum.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Past Returns: In past three years, the stock has provided 17.5% return compared to 12.5% by NIFTY 50.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 1.46% |
| Dividend/Share (TTM) | 2.2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 12.64 |
Financial Health | |
|---|---|
| Current Ratio | 1.35 |
| Debt/Equity | 0.38 |
Technical Indicators | |
|---|---|
| RSI (14d) | 31.79 |
| RSI (5d) | 13.83 |
| RSI (21d) | 37.99 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
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.
Management's outlook for NCC Limited reflects caution due to significant challenges in the business environment, specifically citing unprecedented rains and elongated payment cycles as key factors impacting operations. Consequently, the management has withdrawn its revenue guidance for fiscal year 2026, stating that a clearer outlook may emerge by March 2026.
Key forward-looking points include:
Order Book Status: The order book stands at INR 71,957 crores as of September 30, 2025, reflecting growth from INR 71,568 crores at the beginning of the fiscal year. New orders worth INR 6,223 crores were secured in Q2 FY26, mainly from Buildings, Water, and Irrigation divisions.
Financial Performance: Turnover for Q2 FY26 was reported at INR 4,585 crores, down from INR 5,224 crores in the corresponding quarter last year, indicating a decline of 12%. For the first half of FY26, cumulative turnover was INR 9,793 crores versus INR 10,783 crores the previous year.
Segment Breakdown: The order book consists of INR 22,492 crores from Buildings (31%), INR 17,361 crores from Transportation (24%), and INR 15,013 crores from Electrical (21%), among others.
Debt Levels: The company's debt increased to INR 2,115 crores by the end of Q2 from INR 1,852 crores at the beginning of the quarter, with net debt standing at INR 1,890 crores.
Operational Challenges: The management cited prolonged rainfall disrupting project execution and delayed client payments leading to revenue shortfalls, emphasizing a need for improved cash flow management.
Future Capex: Capital expenditure has been raised to INR 1,050 crores for the year, driven by a significant mining order received in October.
In summary, while the company is poised with a substantial order book, management expresses caution amidst operational challenges, reflecting an intention to reassess the outlook after addressing the current hurdles.
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% |
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 | 5.3 LCr | 2.76 LCr | -5.10% | +9.90% | 32.34 | 1.93 | - | - |
| KEC | KEC International | 18.14 kCr | 23.37 kCr | -3.30% |
Comprehensive comparison against sector averages
NCC metrics compared to Construction
| Category | NCC | Construction |
|---|---|---|
| PE | 11.86 | 22.55 |
| PS | 0.44 | 1.64 |
| Growth | -5.5 % | 5.1 % |
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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
NCC vs Construction (2021 - 2026)
Question 1: "What exactly has changed compared to the last quarter that you have dropped the guidance despite having a very large order book? Is it that the work has not started for a very significant part of the order book and you're finding it difficult to book revenues?"
Answer: "The drop in guidance is primarily due to unprecedented rains in Q2 and elongated payment cycles, which impacted turnover. While our order book remains strong, these factors hindered our ability to execute effectively. We are optimistic about recovery in upcoming quarters."
Question 2: "Are we seeing a recovery now, as you're already in the midst of Q3? Are you seeing a recovery that can help us post a better number compared to last year's H2?"
Answer: "We will provide an update by the end of March. Current indicators suggest potential improvement, but it is premature to make definitive claims about recovery at this stage."
Question 3: "In the last call, you had said that almost INR28,000 crores worth of orders are yet to receive notice to proceed. What quantum of the orders have work that has not started?"
Answer: "The INR28,000 crores mentioned encompasses orders yet to start due to mobilization periods and required design clearances. These will begin execution in Q3 and Q4."
Question 4: "Have you seen any payment coming in for the JJM receivables? Is it still around INR1,700 crores?"
Answer: "The receivables are approximately at INR1,700 crores, with some traction occurring. We expect payments to happen soon, providing a boost in cash flow."
Question 5: "What is the current executable order book where work is already underway?"
Answer: "The entire order book is executable. Apart from the water projects facing delays, we are progressing on other segments effectively, and projects awarded in Q1 and Q2 should generate revenue by Q4."
Question 6: "Is there a reason you're deferring guidance for H2? Given a strong order book, what stops you from providing insight?"
Answer: "With elongated payments affecting a significant segment of our operations, it is prudent not to predict growth. We aim to remain transparent and will revisit guidance later."
Question 7: "What is the incremental investment required for the smart meter projects and the time frame?"
Answer: "We anticipate needing an additional INR280 crores for the smart meters, with a completion timeline of approximately 1 to 1.5 years."
These summarized responses encapsulate the main concerns and insights from the earnings call within the specified character limits while maintaining the accuracy of numbers and information provided.
| 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
| -31.20% |
| 26.54 |
| 0.78 |
| - |
| - |
| PNCINFRA | PNC Infratech | 6.04 kCr | 5.89 kCr | -5.40% | -22.70% | 7.52 | 1.03 | - | - |
| HGINFRA | H.G. Infra Engineering | 4.44 kCr | 5.03 kCr | -9.40% | -51.00% | 10.74 | 0.88 | - | - |
| -22.3% |
| 207 |
| 266 |
| 368 |
| 260 |
| 250 |
| 299 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -22.3% | 207 | 266 | 368 | 260 | 250 | 299 |
| Current tax | -38.8% | 31 | 50 | 76 | 69 | 70 | 82 |
| Deferred tax | -25% | 10 | 13 | 26 | -5.32 | 5.68 | -4.99 |
| Total tax | -36.5% | 41 | 64 | 102 | 64 | 76 | 77 |
| Total profit (loss) for period | -18.6% | 167 | 205 | 265 | 206 | 175 | 223 |
| Other comp. income net of taxes | 27.5% | 0.05 | -0.31 | 5.51 | -0.4 | -2.21 | -1.31 |
| Total Comprehensive Income | -18.2% | 167 | 204 | 271 | 205 | 173 | 221 |
| Earnings Per Share, Basic | -29.1% | 2.46 | 3.06 | 4.04 | 3.08 | 2.6 | 3.34 |
| Earnings Per Share, Diluted | -29.1% | 2.46 | 3.06 | 4.04 | 3.08 | 2.6 | 3.34 |
| 9.8% |
| 653 |
| 595 |
| 510 |
| 460 |
| 458 |
| 518 |
| Depreciation and Amortization | 1.9% | 213 | 209 | 200 | 182 | 174 | 178 |
| Other expenses | 2% | 8,923 | 8,749 | 6,737 | 5,111 | 3,674 | 3,809 |
| Total Expenses | 4.9% | 18,325 | 17,471 | 12,719 | 9,576 | 7,033 | 7,884 |
| Profit Before exceptional items and Tax | 10.2% | 1,067 | 968 | 785 | 462 | 338 | 486 |
| Exceptional items before tax | 31.1% | -38.63 | -56.55 | 0 | 146 | 0 | -32.67 |
| Total profit before tax | 12.9% | 1,028 | 911 | 785 | 608 | 338 | 453 |
| Current tax | -13.8% | 250 | 290 | 208 | 130 | 7.37 | 100 |
| Deferred tax | 253.8% | 18 | -10.05 | 8.01 | -12.31 | 70 | -28.73 |
| Total tax | -4.7% | 267 | 280 | 216 | 118 | 77 | 71 |
| Total profit (loss) for period | 20.6% | 761 | 631 | 569 | 490 | 261 | 382 |
| Other comp. income net of taxes | 103.7% | 1.13 | -2.54 | -4.56 | -2.82 | -11.67 | -6.93 |
| Total Comprehensive Income | 21.2% | 762 | 629 | 565 | 487 | 249 | 375 |
| Earnings Per Share, Basic | 22.8% | 12.12 | 10.058 | 9.13 | 8.04 | 4.28 | 6.34 |
| Earnings Per Share, Diluted | 22.8% | 12.12 | 10.058 | 9.13 | 7.98 | 4.28 | 6.34 |
| 4.4% |
| 1,319 |
| 1,263 |
| 1,209 |
| 1,175 |
| 1,145 |
| 1,163 |
| Capital work-in-progress | -2.8% | 36 | 37 | 41 | 40 | 18 | 15 |
| Investment property | -45.4% | 131 | 239 | 252 | 145 | 213 | 222 |
| Goodwill | -105% | 0 | 21 | 0 | 0 | 0 | 0 |
| Non-current investments | 11.8% | 1,191 | 1,065 | 1,034 | 1,033 | 873 | 873 |
| Loans, non-current | 39.3% | 426 | 306 | 256 | 238 | 175 | 176 |
| Total non-current financial assets | 26.2% | 2,016 | 1,598 | 1,533 | 1,555 | 1,629 | 1,296 |
| Total non-current assets | 11.9% | 4,311 | 3,851 | 3,742 | 3,693 | 3,398 | 3,379 |
| Total assets | 10.4% | 21,905 | 19,834 | 18,698 | 17,336 | 16,498 | 15,600 |
| Borrowings, non-current | 0% | 109 | 109 | 31 | 53 | 65 | 83 |
| Total non-current financial liabilities | -3.9% | 123 | 128 | 53 | 75 | 88 | 105 |
| Provisions, non-current | 10.1% | 88 | 80 | 78 | 69 | 64 | 56 |
| Total non-current liabilities | 1.4% | 211 | 208 | 132 | 144 | 151 | 161 |
| Borrowings, current | 45.9% | 2,006 | 1,375 | 1,702 | 952 | 1,405 | 896 |
| Total current financial liabilities | 7.4% | 9,976 | 9,292 | 8,744 | 7,303 | 6,290 | 5,804 |
| Provisions, current | 5.7% | 93 | 88 | 87 | 81 | 76 | 73 |
| Total current liabilities | 15.7% | 14,105 | 12,189 | 11,532 | 10,379 | 9,933 | 9,116 |
| Total liabilities | 15.5% | 14,316 | 12,397 | 11,663 | 10,523 | 10,084 | 9,278 |
| Equity share capital | 0% | 126 | 126 | 126 | 126 | 126 | 126 |
| Total equity | 2% | 7,589 | 7,437 | 7,034 | 6,813 | 6,413 | 6,322 |
| Total equity and liabilities | 10.4% | 21,905 | 19,834 | 18,698 | 17,336 | 16,498 | 15,600 |
| -37.2% |
| 816 |
| 1,299 |
| 873 |
| 1,296 |
| - |
| - |
| Cashflows used in obtaining control of subsidiaries | 361.5% | 61 | 14 | 0 | 0 | - | - |
| Proceeds from sales of PPE | 60.6% | 54 | 34 | 124 | 24 | - | - |
| Purchase of property, plant and equipment | 11.3% | 307 | 276 | 342 | 211 | - | - |
| Proceeds from sales of investment property | -1100% | 0 | 1.1 | 0 | 24 | - | - |
| Purchase of investment property | - | 0 | 0 | 0.03 | 4 | - | - |
| Purchase of intangible assets | - | 0 | 0 | 0 | 0.02 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -105.6% | 0.04 | 18 | 84 | 167 | - | - |
| Dividends received | 126.3% | 44 | 20 | 12 | 12 | - | - |
| Interest received | 60.5% | 70 | 44 | 49 | 62 | - | - |
| Other inflows (outflows) of cash | 113.1% | 21 | -151.22 | -33.52 | -120.97 | - | - |
| Net Cashflows From Investing Activities | 34.1% | -218.83 | -332.51 | -132.38 | -131.06 | - | - |
| Proceeds from issuing shares | - | 0 | 0 | 80 | 0 | - | - |
| Proceeds from borrowings | 801.4% | 1,290 | 144 | 184 | 105 | - | - |
| Repayments of borrowings | 568.9% | 817 | 123 | 389 | 709 | - | - |
| Dividends paid | 0% | 138 | 138 | 126 | 49 | - | - |
| Interest paid | 9.9% | 646 | 588 | 498 | 446 | - | - |
| Net Cashflows from Financing Activities | 55.8% | -311.14 | -705.8 | -748.73 | -1,099.19 | - | - |
| Net change in cash and cash eq. | 9.6% | 286 | 261 | -7.98 | 66 | - | - |
Analysis of NCC's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Construction | 96.8% | 4.4 kCr |
| Real estate | 3.2% | 145.4 Cr |
| Total | 4.5 kCr |