NCC Ltd.

NSE: NCC · Construction

₹122.84+0.33%06 Nov 2026

Ask the data

Instant answers about NCC Ltd. — computed from its filings, no language model

Market cap₹7,713 cr

Current price₹122.84

High / Low₹214 / ₹115

P/E10.6

P/B0.95

Book value₹129.5

ROE9.0%

ROCE15.3%

Debt / equity0.51

Dividend yield1.79%

EPS (TTM)₹11.61

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	12,896	8,901	7,949	11,138	15,553	20,845	22,199	20,823
EBITDA	1,599	1,087	919	1,024	1,459	1,769	1,918	1,836
Operating margin	12.4%	12.2%	11.6%	9.2%	9.4%	8.5%	8.6%	8.8%
Interest	522	554	480	478	515	595	680	745
Depreciation	193	199	181	187	203	212	216	235
Profit before tax	901	398	361	633	874	1,056	1,178	943
Tax	327	73	79	141	239	320	319	228
Net profit	579	337	283	494	609	740	821	675
EPS ₹	9.63	5.59	4.40	7.91	9.77	11.32	13.06	10.76
Operating cash flow	—	—	—	1,416	1,100	1,359	742	-459
Capex	—	—	—	215	347	285	320	955
Dividend paid	—	—	—	49	126	173	180	138
Total assets	14,660	13,812	13,540	14,458	16,550	18,097	21,006	26,006
Equity	4,595	4,906	5,171	5,603	6,167	6,640	7,324	7,869

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	3,243	3,379	3,761	2,347	1,938	2,281	2,334	1,298	1,708	2,127	2,817	2,064	2,581	3,015	3,477	3,321	3,373	3,850	4,949	4,380	4,720	5,260	6,485	5,528	5,196	5,345	6,131	5,179	4,543	4,868	6,233	5,812	6,015
Operating profit	401	414	475	279	258	263	287	125	232	256	306	211	266	276	270	308	310	376	465	409	304	505	551	478	443	441	556	456	393	436	550	545	528
Operating margin	12.4%	12.3%	12.6%	11.9%	13.3%	11.5%	12.3%	9.6%	13.6%	12.0%	10.9%	10.2%	10.3%	9.2%	7.8%	9.3%	9.2%	9.8%	9.4%	9.3%	6.4%	9.6%	8.5%	8.6%	8.5%	8.2%	9.1%	8.8%	8.7%	9.0%	8.8%	9.4%	8.8%
Other income	19	37	51	25	60	2	27	31	35	24	26	19	20	18	14	30	32	54	32	26	27	28	45	30	28	38	58	29	42	32	18	31	27
Interest	126	143	133	137	141	150	126	122	123	112	123	110	120	121	127	111	123	138	143	132	153	156	153	155	167	166	193	164	172	196	213	198	211
Depreciation	48	51	48	51	52	50	46	46	45	45	45	46	47	47	46	48	50	52	53	53	53	53	52	54	55	54	54	55	57	59	65	69	75
Profit before tax	207	258	276	116	112	65	105	-12	99	122	151	75	149	126	283	178	169	241	287	250	124	324	358	299	250	260	368	266	207	180	291	308	269
Tax	82	89	99	41	31	-38	38	-29	30	46	33	21	28	42	49	43	32	74	90	68	39	94	119	77	76	64	102	64	41	46	77	83	71
Net profit	123	166	188	75	82	104	76	16	62	78	118	54	114	76	234	137	132	158	191	174	76	221	239	210	163	193	254	192	155	122	206	216	184
EPS ₹	2.04	2.76	3.12	1.24	1.37	1.73	1.25	0.26	1.06	1.16	1.92	0.82	1.87	1.25	3.97	2.13	2.08	2.54	3.04	2.76	1.23	3.51	3.81	3.34	2.60	3.08	4.04	3.06	2.46	1.95	3.28	3.45	2.93
Revenue YoY	—	—	—	—	-40.2%	-32.5%	-37.9%	-44.7%	-11.9%	-6.8%	20.7%	59.1%	51.1%	41.8%	23.5%	60.9%	30.7%	27.7%	42.3%	31.9%	39.9%	36.6%	31.0%	26.2%	10.1%	1.6%	-5.5%	-6.3%	-12.6%	-8.9%	1.7%	12.2%	32.4%
Profit YoY	—	—	—	—	-32.9%	-37.4%	-59.6%	-79.0%	-24.9%	-25.0%	56.2%	243.9%	84.6%	-1.9%	97.4%	154.8%	15.6%	106.4%	-18.4%	26.9%	-42.5%	39.9%	25.1%	20.4%	115.2%	-12.4%	6.3%	-8.5%	-5.1%	-36.6%	-18.8%	12.6%	19.1%

Earlier results (standalone, Sep '07 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

NCC Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	4,151	4,778	5,074	5,250	5,725	6,117	8,297	8,325	7,892	7,559
Operating profit	374	483	488	399	471	405	649	737	685	855
Operating margin	9.0%	10.1%	9.6%	7.6%	8.2%	6.6%	7.8%	8.9%	8.7%	11.3%
Other income	4	5	15	39	126	154	195	196	140	116
Interest	96	132	168	303	407	466	574	508	396	379
Depreciation	53	53	69	83	92	90	112	110	112	117
Profit before tax	228	353	266	53	98	3	159	296	267	368
Tax	74	120	102	17	35	-38	47	73	42	81
Net profit	154	233	163	36	63	41	112	223	226	287

Quarters

showing latest 8 of 44 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†
Revenue	677	780	1,254	971	1,056	1,027	1,098	1,001	1,067	1,187	1,523	1,086	1,201	1,336	1,450	1,142	1,090	1,264	1,755	1,472	1,328	1,184	1,741	1,379	1,336	1,489	1,913	1,490	2,246	2,351	2,210	1,723	2,096	2,054	2,452	1,901	1,948	1,904	2,139	2,014	1,300	1,851	2,395	2,360
Operating profit	85	86	109	92	108	90	84	104	109	118	153	106	123	128	131	117	103	78	102	117	112	86	157	108	100	92	105	109	181	174	185	158	184	185	209	166	171	174	174	171	124	255	304	268
Operating margin	12.5%	11.1%	8.7%	9.4%	10.3%	8.8%	7.6%	10.4%	10.2%	9.9%	10.0%	9.7%	10.3%	9.6%	9.0%	10.2%	9.5%	6.1%	5.8%	7.9%	8.4%	7.2%	9.0%	7.9%	7.5%	6.2%	5.5%	7.3%	8.1%	7.4%	8.4%	9.2%	8.8%	9.0%	8.5%	8.7%	8.8%	9.2%	8.1%	8.5%	9.6%	13.8%	12.7%	11.3%
Other income	0	1	4	1	1	1	1	1	1	1	1	1	5	2	6	2	2	1	34	24	25	48	29	29	35	35	54	46	39	56	55	52	52	41	51	29	25	39	47	21	42	28	25	30
Interest	23	17	17	24	27	24	21	35	32	31	35	29	37	44	58	64	71	69	98	93	102	99	113	97	107	118	144	138	158	144	134	126	131	120	130	94	99	101	102	86	89	104	100	102
Depreciation	12	12	14	14	15	12	12	13	13	13	14	16	17	17	19	20	20	21	22	23	23	23	23	22	22	22	22	28	28	28	28	27	28	27	27	28	28	28	28	28	29	30	31	34
Profit before tax	50	58	82	54	67	55	52	58	65	76	155	62	74	69	60	35	14	-12	15	25	12	12	50	17	6	-13	-7	-11	34	58	78	57	77	80	83	73	74	76	44	91	-10	119	168	161
Tax	16	19	29	17	25	19	13	20	21	28	52	21	29	28	25	12	3	-2	5	8	4	1	23	7	1	-6	-39	-8	12	16	28	16	22	23	12	20	23	18	-20	27	-30	19	65	58
Net profit	34	40	53	37	42	36	38	38	44	48	103	41	46	40	36	23	11	-9	11	17	8	11	27	11	5	-7	32	-3	22	42	51	41	55	57	70	52	51	58	64	63	20	100	103	104
EPS ₹	1.61	1.74	2.39	1.62	1.85	1.58	1.67	1.67	1.85	1.86	4.00	1.61	1.79	1.58	1.39	0.91	0.44	-0.37	0.42	0.65	0.31	0.42	1.06	0.41	0.20	-0.28	1.25	-0.12	0.86	0.86	0.91	0.74	0.99	1.02	1.26	0.94	0.92	1.05	1.15	1.14	0.37	1.81	1.76	1.73
Revenue YoY	—	—	—	—	55.9%	31.7%	-12.4%	3.1%	1.1%	15.6%	38.7%	8.5%	12.6%	12.5%	-4.7%	5.1%	-9.2%	-5.4%	21.0%	29.0%	21.8%	-6.3%	-0.8%	-6.3%	0.6%	25.7%	9.9%	8.0%	68.1%	58.0%	15.5%	15.6%	-6.6%	-12.6%	11.0%	10.4%	-7.1%	-7.3%	-12.8%	5.9%	-33.3%	-2.8%	11.9%	17.2%
Profit YoY	—	—	—	—	25.7%	-8.5%	-27.4%	3.1%	3.8%	32.0%	168.6%	8.3%	4.7%	-15.5%	-65.3%	-43.8%	-75.2%	-123.4%	-69.7%	-28.7%	-29.4%	—	151.9%	-36.6%	-35.8%	-167.2%	18.0%	-128.8%	327.9%	—	58.0%	—	148.4%	34.8%	38.2%	27.0%	-6.9%	2.9%	-9.1%	21.2%	-60.3%	72.2%	61.2%	63.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	12.0%	11.1%	9.8%	6.9%	5.7%	5.2%	4.7%	5.3%	6.0%	7.0%	7.0%	8.5%	10.0%	10.0%	11.3%	10.0%	10.6%	9.5%	10.5%	10.7%	11.2%	12.1%	11.7%	11.2%	11.0%	10.5%	9.6%	8.6%	8.9%	9.0%
ROCE	20.1%	18.9%	16.2%	14.0%	11.9%	11.5%	11.8%	11.6%	12.7%	13.3%	13.5%	16.1%	17.6%	15.8%	17.5%	19.5%	20.8%	19.0%	20.3%	21.7%	22.6%	21.7%	21.0%	20.8%	20.6%	17.2%	16.7%	14.9%	15.6%	15.3%
Net margin	4.3%	4.5%	4.3%	3.8%	3.5%	3.4%	3.1%	3.4%	3.6%	3.8%	3.5%	4.3%	4.5%	4.4%	4.7%	4.0%	4.0%	3.3%	3.4%	3.4%	3.4%	3.7%	3.6%	3.7%	3.7%	3.7%	3.5%	3.2%	3.3%	3.2%
EBITDA margin	12.3%	12.5%	12.4%	12.2%	11.9%	11.9%	12.1%	11.6%	11.5%	10.8%	10.1%	9.2%	9.0%	8.8%	9.0%	9.4%	9.4%	8.7%	8.7%	8.5%	8.4%	8.8%	8.5%	8.6%	8.7%	8.7%	8.9%	8.8%	9.0%	9.0%
Debt / equity	0.51	0.51	0.51	0.38	0.38	0.38	0.38	0.40	0.40	0.40	0.40	0.23	0.23	0.34	0.34	0.16	0.16	0.23	0.23	0.15	0.15	0.25	0.25	0.22	0.22	0.39	0.39	0.44	0.44	0.51
Interest coverage	2.59	2.38	2.01	1.72	1.50	1.49	1.65	1.75	1.96	2.07	2.06	2.32	2.54	2.57	2.74	2.70	2.76	2.59	2.69	2.77	2.79	2.95	2.82	2.73	2.66	2.59	2.41	2.27	2.26	2.28
Asset turnover	0.87	0.78	0.70	0.64	0.57	0.55	0.54	0.59	0.64	0.71	0.77	0.77	0.86	0.85	0.90	0.94	1.00	1.02	1.10	1.15	1.22	1.14	1.15	1.06	1.04	0.90	0.88	0.80	0.83	0.85

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	51	111	111	111	120	120	122	122	122	126	126	126	126	126	126	126	126	126
Other equity / reserves	2,388	2,970	3,281	3,336	3,962	4,475	4,784	5,049	5,481	5,696	6,041	6,154	6,514	6,745	7,198	7,408	7,743	8,007
Total equity	2,439	3,081	3,392	3,448	4,083	4,595	4,906	5,171	5,603	5,821	6,167	6,279	6,640	6,871	7,324	7,534	7,869	8,132
Borrowings	3,697	3,258	3,065	2,481	1,840	2,362	1,873	2,062	1,302	2,002	974	1,439	980	1,726	1,594	2,923	3,457	4,110
Current liabilities	7,681	7,382	7,349	6,614	7,320	8,985	8,161	7,824	8,358	9,297	9,891	10,794	11,116	12,444	13,128	14,654	16,333	16,648
Non-current liabilities	1,341	1,440	1,256	719	705	803	492	246	204	164	174	165	170	165	376	1,073	1,644	2,022
Total assets	12,116	12,545	12,322	11,109	12,408	14,660	13,812	13,540	14,458	15,584	16,550	17,567	18,097	19,662	21,006	23,440	26,006	26,970
Property, plant & equipment	—	—	1,016	952	1,009	1,291	1,143	1,129	1,138	1,186	1,238	1,224	1,253	1,288	1,348	1,428	1,758	2,141
Capital work-in-progress	24	11	8	1	23	13	15	22	7	14	15	19	41	41	37	38	351	92
Investments	1,108	1,133	408	325	258	132	121	122	116	335	352	360	155	149	148	151	153	155
Inventories	2,470	2,757	2,863	2,718	2,830	1,425	1,391	1,222	1,153	1,206	1,374	1,641	1,764	1,807	1,810	2,236	2,445	2,590
Receivables	1,761	1,657	3,797	4,287	5,179	3,533	2,938	2,879	2,653	2,940	3,333	3,603	3,256	3,362	3,501	3,696	3,976	3,673
Cash & equivalents	163	358	261	132	76	219	114	192	267	174	282	238	552	198	988	212	642	223

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	634	867	395	314	586	673	931	842	1,416	1,100	1,359	742	-459
Cash from investing	-67	-95	193	376	-188	-619	11	-207	-66	-192	-319	-59	-766
Cash from financing	-643	-643	-551	-818	-453	89	-1,047	-558	-1,275	-893	-771	-247	878
Capex	—	—	—	—	—	—	—	—	215	347	285	320	955
Free cash flow	—	—	—	—	—	—	—	—	1,201	753	1,074	422	-1,414
Dividends paid	—	—	—	—	—	—	—	—	49	126	173	180	138

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2,141 cr8%

CWIP

₹92 cr0%

Investments

₹155 cr1%

Inventories

₹2,590 cr10%

Receivables

₹3,673 cr14%

Cash & equivalents

₹223 cr1%

Other assets

₹18,096 cr67%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%
NCC Ltd.	7,713	122.84	10.6	0.95	9.0%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.2%

6 months-27.8%

1 year-42.6%

3Y CAGR-6.9%

5Y CAGR+9.1%

10Y CAGR+3.6%

50-day avg₹131.34

200-day avg₹144.60

RSI (14)46

Compare NCC Ltd. with

IRCON International vs NCC RITES vs NCC Kec International vs NCC Afcons Infrastructure vs NCC

FAQs

What is the share price of NCC Ltd.?

NCC Ltd. (NCC) closed at ₹122.84 on NSE on 06 Nov 2026.

What is the market cap of NCC Ltd.?

₹7,713 crore at the latest close.

What is the P/E ratio of NCC Ltd.?

10.6, on trailing-twelve-month earnings from its filings.

How fast is NCC Ltd. growing?

NCC Ltd.: revenue has compounded at 10.2% a year over three years; net profit at 3.5% a year. Latest-quarter revenue is up 32.4% year on year, profit up 19.1%.

How profitable is NCC Ltd.?

On a trailing-twelve-month basis return on equity is 9.0%, return on capital employed 15.3%, operating margin 9.0%, net margin 3.2%.

How much debt does NCC Ltd. have?

NCC Ltd. is moderately geared: debt to equity is 0.51 with borrowings of ₹4,110 cr against cash of ₹223 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.3 times.

Financials parsed from NCC Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.