NCC Ltd.
NSE: NCC · Civil Construction
Snapshot
Unlock NCC Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
NCC Limited is a diversified construction and infrastructure company based in India, operating across sectors including buildings, transportation, water, railways, and power. The company provides comprehensive engineering, procurement, and construction (EPC) services, alongside mine developer-cum-operator (MDO) capabilities.
Business Model
The company generates revenue primarily through large-scale EPC contracts for government and private sector clients, as well as long-term mine developer-cum-operator service agreements. It leverages its technical expertise to execute complex projects ranging from urban infrastructure and industrial facilities to large-scale irrigation and power transmission networks.
Growth Outlook
Growth is driven by India's sustained focus on infrastructure development, including urbanisation, water supply projects, and railway modernisation. The company's diversified order book across multiple infrastructure verticals provides a stable pipeline for future revenue realisation.
Key Risks
- Project Execution Risk. Delays in project implementation due to land acquisition issues, regulatory approvals, or site-specific challenges can adversely impact profitability.
- Concentration Risk. A significant portion of the company's revenue is derived from government-funded projects, making it sensitive to changes in public spending and budgetary allocations.
- Working Capital Intensity. The construction sector is highly capital-intensive, and delays in client payments can strain liquidity and increase reliance on debt financing.
- Input Cost Volatility. Fluctuations in the prices of raw materials like steel, cement, and fuel can compress margins if contracts lack adequate price escalation clauses.
Price
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Key Metrics
REVENUE
₹21,197 Cr
TTM · consolidated
NET PROFIT
₹843 Cr
TTM · consolidated
EPS
₹12.64
TTM · consolidated
RETURN ON EQUITY
12.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
23.6%
TTM · consolidated
P/E
11.1x
Q2 FY26 · consolidated
EV/EBITDA
5.7x
Q2 FY26 · consolidated
EBITDA MARGIN
9.5%
TTM · consolidated
NET PROFIT MARGIN
3.5%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.4x
Q4 FY26 · consolidated
Peers · Civil Construction
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
NCC Ltd.NCC | 8,598 | 11.15 | 5.74 | -5.7% | 9.5% | 12.0% | 23.6% | -38.4% |
Engineers India Ltd.ENGINERSIN | 10,552 | 18.83 | 14.51 | 27.2% | 22.7% | 24.8% | 30.1% | -6.1% |
Afcons Infrastructure Ltd.AFCONS | 10,202 | 24.52 | 7.90 | — | 14.5% | 8.1% | 13.5% | -32.0% |
Cemindia ProjectCEMPRO | 9,193 | 46.06 | 23.59 | 10.0% | 11.8% | 30.3% | 47.0% | — |
RITES Ltd.RITES | 9,107 | 25.72 | 15.04 | 8.9% | 27.5% | 17.1% | 19.8% | -21.3% |
G R Infraprojects LimitedGRINFRA | 8,125 | 9.65 | 6.56 | 13.6% | 22.8% | 10.4% | 13.1% | -29.4% |
As of Q2 FY26
Financials
NCC Ltd.
NSE: NCC · Civil Construction
Snapshot
Unlock NCC Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
NCC Limited is a diversified construction and infrastructure company based in India, operating across sectors including buildings, transportation, water, railways, and power. The company provides comprehensive engineering, procurement, and construction (EPC) services, alongside mine developer-cum-operator (MDO) capabilities.
Business Model
The company generates revenue primarily through large-scale EPC contracts for government and private sector clients, as well as long-term mine developer-cum-operator service agreements. It leverages its technical expertise to execute complex projects ranging from urban infrastructure and industrial facilities to large-scale irrigation and power transmission networks.
Growth Outlook
Growth is driven by India's sustained focus on infrastructure development, including urbanisation, water supply projects, and railway modernisation. The company's diversified order book across multiple infrastructure verticals provides a stable pipeline for future revenue realisation.
Key Risks
- Project Execution Risk. Delays in project implementation due to land acquisition issues, regulatory approvals, or site-specific challenges can adversely impact profitability.
- Concentration Risk. A significant portion of the company's revenue is derived from government-funded projects, making it sensitive to changes in public spending and budgetary allocations.
- Working Capital Intensity. The construction sector is highly capital-intensive, and delays in client payments can strain liquidity and increase reliance on debt financing.
- Input Cost Volatility. Fluctuations in the prices of raw materials like steel, cement, and fuel can compress margins if contracts lack adequate price escalation clauses.
Price
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Unlock AI insights, financials, peers and live data on NCC Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹21,197 Cr
TTM · consolidated
NET PROFIT
₹843 Cr
TTM · consolidated
EPS
₹12.64
TTM · consolidated
RETURN ON EQUITY
12.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
23.6%
TTM · consolidated
P/E
11.1x
Q2 FY26 · consolidated
EV/EBITDA
5.7x
Q2 FY26 · consolidated
EBITDA MARGIN
9.5%
TTM · consolidated
NET PROFIT MARGIN
3.5%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.4x
Q4 FY26 · consolidated
Peers · Civil Construction
As of Q2 FY26