MarketFriction

NCC Ltd

NSE NCC · BSE 500294 · Civil Construction
₹130.06 +0.92%
NSE close2026-10-01
52 week range126.65 - 217.25
Market cap₹8,053 Cr.
P/E11.2
Nifty 500Smallcap 250 Price band 20% Delivery 23.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,7205,2606,4855,5285,1965,3456,1315,1794,5434,8686,2335,812
Expenses4,4164,7555,9345,0504,7534,9045,5764,7234,1504,4325,6825,267
Operating Profit304505551478443441555456393436550545
OPM %6%10%8%9%9%8%9%9%9%9%9%9%
Other Income28291331294858314402134
Interest153156153155167166193164172196213198
Depreciation535352545554545557596569
Profit before tax125325358300250270367268209182294312
Tax %31%29%33%26%30%24%28%24%20%26%26%27%
Net Profit86231239223175206265205167135217229
EPS in Rs1.233.513.813.342.603.084.043.062.461.953.283.45
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,5279,0018,39112,8968,9017,94911,13815,55320,84522,19920,82321,456
Expenses8,5408,3267,51811,3037,8247,03010,11014,09419,07620,28118,98719,531
Operating Profit9876758731,5921,0779191,0281,4591,7691,9181,8361,925
OPM %10%8%10%12%12%12%9%9%8%9%9%9%
Other Income7187-231763105272144991659699
Interest643513460522554480478515595680745780
Depreciation248203172193199181187203212216235249
Profit before tax167462198943873636358851,0611,187952995
Tax %51%82%37%37%19%22%22%27%30%27%24%
Net Profit828139568314283494646740868724748
EPS in Rs2.170.572.819.635.524.407.919.7011.3213.0610.7611.14
Dividend Payout %28%70%36%16%4%18%25%23%19%17%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%21%10%-2%
Compounded Profit Growth18%22%6%-10%
Stock Price CAGR5%9%-6%-38%
Return on Equity9%10%11%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111120120122122122126126126126
Reserves3,2913,2813,3363,9624,4754,7845,0495,4816,0416,5147,1987,743
Borrowings3,3903,2082,5722,0612,6912,1812,0621,3029749801,5943,457
Other Liabilities5,7535,7215,0906,2657,3746,7246,3077,5539,40910,47512,08314,639
Total Liabilities12,54512,32111,10912,40814,66013,81213,54014,45816,55018,09521,00025,965
Fixed Assets2,4461,6741,0991,1581,5511,4131,4171,4431,5031,5651,6502,056
CWIP1181231315227224137351
Investments1,1331,128729619475448440346352155148153
Other Assets8,9559,5109,28110,60812,62111,93511,66112,66214,67316,33419,16523,405
Total Assets12,54512,32111,10912,40814,66013,81213,54014,45816,55018,09521,00025,965
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8673953145866739318421,4161,1001,359742-459
Cash from Investing Activity-95193376-188-61911-207-66-192-319-59-766
Cash from Financing Activity-643-551-818-45389-1,047-558-1,275-893-771-247878
Net Cash Flow12937-129-56143-105777516270436-346
Free Cash Flow7561201623142348797021,2488771,109477-1,401
CFO/OP91%50%53%82%57%100%94%156%96%98%45%-7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days64141167216971121268375555566
Inventory Days2182652903381031661801171028785129
Days Payable175301335428328491565447393325384478
Cash Conversion Cycle107105122126-127-213-258-246-217-184-244-283
Working Capital Days29416891121901078162454881
ROCE %12%12%8%12%21%13%11%12%19%22%22%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters22.00%22.00%22.00%22.00%22.00%22.02%22.10%22.10%22.11%22.25%22.81%23.09%
FIIs24.18%23.89%27.33%23.65%20.86%18.13%13.79%12.70%12.87%11.49%12.11%11.29%
DIIs11.03%10.52%10.63%11.40%12.34%14.17%15.60%17.50%16.65%15.30%16.40%17.88%
Public42.81%43.59%40.03%42.96%44.78%45.68%48.49%47.69%48.37%50.96%48.68%47.75%
No. of Shareholders3,29,4983,67,8224,05,0374,71,5325,02,0875,17,7095,78,4355,57,5855,60,0565,69,3705,57,4185,43,274

Fundamentals

Market Cap₹ 8,053 Cr.
Current Price₹ 128
Stock P/E11.2
Book Value₹ 125
ROCE16.8 %
ROE9.19 %
Dividend Yield1.72 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-10%
Consolidated figures.
Valuation
Market capRs 8,166 Cr
Enterprise valueRs 10,334 Cr
P/E (TTM)11.67x
Price to book1.04x
Price to sales0.38x
EV / EBITDA5.10x
EV / EBIT5.82x
EV / sales0.48x
Earnings yield8.57%
Dividend yield1.69%
P/E, 3-year average16.25x
P/B, 3-year average1.68x
P/E, 5-year average13.42x
P/B, 5-year average1.35x
Profitability
Operating margin (excl. other income)8.82%
Operating margin (incl. other income)9.28%
EBITDA margin9.44%
Pre-tax margin4.64%
Net profit margin3.26%
Net margin, latest quarter3.72%
ROE8.89%
ROCE16.77%
ROA2.88%
ROE, 3-year average10.58%
ROCE, 3-year average20.60%
ROA, 3-year average3.72%
ROE, 5-year average10.21%
ROCE, 5-year average19.49%
ROA, 5-year average3.71%
ROIC (approx.)13.45%
Tax rate23.97%
Other income / net worth1.23%
Growth
Sales growth (latest year)-6.20%
Profit growth (latest year)-17.63%
Sales CAGR, 3 years10.21%
Sales CAGR, 5 years21.24%
Profit CAGR, 3 years3.49%
Profit CAGR, 5 years20.27%
Sales growth QoQ-6.75%
Profit growth QoQ5.04%
Sales growth YoY (latest quarter)12.22%
Profit growth YoY (latest quarter)12.63%
Per share
EPS (TTM)Rs 11.14
EPS (latest year)Rs 10.76
EPS (latest quarter)Rs 3.45
EPS, 3-year averageRs 11.71
EPS, 5-year averageRs 10.55
Book value per shareRs 125.33
Sales per shareRs 341.74
Cash flow per shareRs -7.30
Free cash flow per shareRs -22.31
Dividend per share (latest year)Rs 2.20
Dividend per share, 3-year averageRs 2.20
Dividend per share, 5-year averageRs 2.16
Dividends
Dividend payout20.45%
Dividend payout, 3-year average18.91%
Dividend payout, 5-year average20.94%
Efficiency
Asset turnover0.80x
Fixed asset turnover10.13x
Inventory turnover7.29x
Inventory days50 days
Debtor days66 days
Debtors turnover5.50x
Creditor days478 days
Cash conversion cycle-283 days
Working capital days81 days
Leverage
Total debtRs 3,457 Cr
Cash and bankRs 1,289 Cr
Net debtRs 2,168 Cr
Debt to equity0.44x
Net debt / EBITDA1.07x
Interest coverage2.28x
Current ratio (filing 2026-03-31)1.36x
Quick ratio (filing 2026-03-31)1.21x
Trade payables (filing 2026-03-31)Rs 7,896 Cr
Owners' fund to total sources30.31%
Debt to assets13.31%
Cash flow
Cash from Operating Activity (latest year)Rs -459 Cr
Cash from Investing Activity (latest year)Rs -766 Cr
Cash from Financing Activity (latest year)Rs 878 Cr
Net Cash Flow (latest year)Rs -346 Cr
Free cash flow (latest year)Rs -1,401 Cr
FCFE (approx.: FCF + change in debt)Rs 462 Cr
Cash from ops / profit, 5 years1.20x
Statement figures
Net sales (TTM)Rs 21,456 Cr
Net sales (latest year)Rs 20,823 Cr
Sales (latest quarter)Rs 5,812 Cr
Operating profit excl. other income (latest year)Rs 1,836 Cr
Operating profit (latest quarter)Rs 545 Cr
Other income (TTM)Rs 99 Cr
EBITDA (TTM)Rs 2,025 Cr
PBDT (TTM)Rs 1,245 Cr
Profit before tax (TTM)Rs 995 Cr
Tax (latest year)Rs 228 Cr
Net profit (TTM)Rs 700 Cr
Net profit (latest year)Rs 675 Cr
Net profit (latest quarter)Rs 216 Cr
Depreciation (TTM)Rs 249 Cr
Depreciation (latest quarter)Rs 69 Cr
Interest (TTM)Rs 780 Cr
Cost of goods sold (latest year)Rs 17,825 Cr
Total expenditure (latest year)Rs 18,987 Cr
Total income (latest year)Rs 20,919 Cr
Share capitalRs 126 Cr
ReservesRs 7,743 Cr
Shareholders' fundsRs 7,869 Cr
Total assetsRs 25,965 Cr
Net blockRs 2,056 Cr
Capital work in progressRs 351 Cr
InvestmentsRs 153 Cr
ReceivablesRs 3,784 Cr
InventoryRs 2,445 Cr
Other liabilitiesRs 14,639 Cr
Shares outstanding (crore)62.78
Ownership
Promoter holding23.09% (+0.99 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 11.7 is at the 27th percentile of its own 9.4-year range (median 16.2, low 2.0, high 265.1).
P/B 1.04 is at the 36th percentile (median 1.30).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNCCNifty 50Difference
1 week-2.5%-2.8% +0.3 pts
1 month-11.2%-6.8% -4.4 pts
3 months-13.0%-7.6% -5.4 pts
6 months-0.7%+0.4% -1.1 pts
1 year-37.0%-9.9% -27.0 pts
2 years-58.7%-13.6% -45.2 pts
3 years-16.1%+14.2% -30.3 pts
5 years+58.8%+27.9% +30.9 pts
58 mutual fund schemes hold about ₹1,323 Cr. Over three months 55 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund0.72%257 +6%
ICICI Pru Infrastructure Fund2.54%218 +15%
ICICI Pru Multi Asset Allocation Fund0.20%178 +7%
Quant Infrastructure Fund4.08%129 +17%
ICICI Pru Aggressive Hybrid Fund(A0.19%98 +13%
Bandhan Small Cap Fund0.27%92 +9%
Quant Multi Cap Fund0.69%54 +16%
Franklin Build India Fund1.46%46 +19%
Abakkus Small Cap Fund1.54%43 +27%
HDFC Infrastructure Fund1.50%35 +21%
Quant Value Fund1.29%25 +14%
ICICI Pru Small Cap Fund0.25%24 +10%
ICICI Pru Small Cap Fund0.25%24 +10%
Templeton India Value Fund0.96%19 +23%
Bandhan Infrastructure Fund0.85%12 +21%
Old Bridge Flexi Cap Fund2.86%11 +48%
Sundaram Infra Advantage Fund0.99%10 +18%
Nippon India Nifty Smallcap 250 Index Fund0.27%10 +11%
iSIF Equity Ex-Top 100 Long-Short Fund0.31%8 -11%
UTI Nifty 500 Value 50 Index Fund0.63%5 +16%
SBI Nifty Smallcap 250 Index Fund0.27%5 +11%
The Wealth Company Flexi Cap Fund1.72%4 +100%
Motilal Oswal Nifty Smallcap 250 Index Fund0.27%4 +11%
ICICI Pru Nifty Smallcap 250 Index Fund0.27%2 +11%
HDFC NIFTY Smallcap 250 Index Fund0.27%2 +11%

Red flags

F-score 3 of 8
explainDebt up, profit down Borrowings up 117% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 35% vs sales -6% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹5,812 Cr +12.2% vs Jun 2025. Net profit ₹229 Cr +11.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-14Dividend - Rs 2.20 Per Share
2025-08-14Dividend - Rs 2.20 Per Share
2024-08-30Dividend - Rs 2.20 Per Share
2023-08-25Dividend - Rs 2.20 Per Share
2022-08-11Dividend - Rs 2 Per Share
2021-08-05 Annual General Meeting/Dividend - Rs 0.80 Per Share
2020-09-07 Dividend - Rs 0.20 Per Share
2019-08-08 Dividend - Rs 1.50 Per Share
2018-07-30 Dividend- Re 1 Per Share
2017-08-07 Dividend - Re 0.40 Per Share
2016-08-08 Dividend - Re 0.60/- Per Share
2015-08-10Annual General Meeting/Dividend - Re 0.40/- Per Share
2014-09-18Rights 7 : 6 @ Premium Rs 18/- Per Share
2014-07-08Annual General Meeting / Dividend - Re 0.20/- Per Share
2013-09-12Annual General Meeting/Dividend Re 0.30/- Per Share
2012-09-13Annual General Meeting/ Dividend Rs. 0.30 Per Share
2011-07-21Annual General Meeting And Dividend Re.1/- Per Share
2010-07-22Annual General Meeting And Dividend Rs.1.30 Per Share
2009-07-14Agm/Div-Rs.1.10 Per Share
2008-07-17Agm/Dividend - 65%
2007-07-12Agm/Dividend-20%
2007-03-26Interim Dividend-40% Purpose Revised
2006-09-20Bonus 1:10.5000
2006-08-10Agm/Dividend-80%
DateTypeWhat it says
2026-09-30Order winBagging/Receiving of orders/contracts
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-08NCLATNCC Ltd. VS Golden Jubilee Hotels
2021-04-07NCLATNCC Ltd. VS Golden Jubilee Hotels
2021-03-30NCLTSangha Erectors Pvt Ltd Vs NCC Ltd
2021-03-08NCLTSangha Erectors Pvt Ltd Vs NCC Ltd
2021-03-03NCLATNCC Ltd. VS Golden Jubilee Hotels
2021-01-25NCLTVaidehi Avenues Ltd (Transferor Co.1) & Aster Rail Pvt Ltd (Transferor Co.2) & NCC Ltd (Transferee Co.) Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of NCC Ltd?

NCC Ltd (NCC) has a market capitalisation of Rs 8,053 Cr. at the 2026-10-01 close.

What is the P/E ratio of NCC Ltd?

NCC Ltd trades at a P/E of 11.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were NCC Ltd's latest quarterly results?

In the Jun 2026 quarter, NCC Ltd sales was Rs 5,812 Cr (+12.2% vs Jun 2025) and net profit was Rs 229 Cr.

What is the 52-week high and low of NCC Ltd?

The 52-week high is Rs 217.25 and the 52-week low is Rs 126.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03