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NBCC · NSE · Civil Construction

NBCC (India) Ltd

What the numbers mean, from its filings and the exchange. Data as of 13 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Real Estate
dear low confidence No valuation within 120 days; P/E 27.2 vs peers 21.0 (15th of 20); P/B 7.3 vs peers 2.2 (19th of 19).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is NBCC (India)'s share price today?

NBCC (India) last traded at ₹76.19 on the NSE, as of 13 Oct 2026, 10:45 am IST, up 0.4% on the day, down 33.0% over a year. Its 52-week range is ₹74 to ₹126. The live price is in the app.

₹76.19 +0.4% today
−33.0% over 1 year · NSE, as of 13 Oct 2026, 10:45 am IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range4% of the way up
Low ₹74High ₹126

What is NBCC (India)'s market cap?

NBCC (India)'s market capitalisation is about ₹20,498 crore: what it would cost to buy every share at today's price. That makes it the 116th largest small cap company we cover.

₹20,498 Cr Small Cap116th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: NBCC
ISIN
INE095N01031
Cap bucket
Small Cap, 116th largest by market cap
Industry (NSE)
Industrials › Construction › Civil Construction
Listed since
2012
Futures and options
Traded

Is NBCC (India) overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 27.2 vs peers 21.0 (15th of 20); P/B 7.3 vs peers 2.2 (19th of 19).

Valuation

Latest price and trailing 12 months
P/E 27.18
vs peers 21.0 · 15th of 20
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 7.35
vs peers 2.2 · 19th of 19
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹20,498 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 1.3%
vs peers 0.7% · 5th of 17
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 42.68
vs peers 4.0 · 8th of 9
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.69
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is NBCC (India) a quality business?

Quality score 75, 5th of 20 in its peer set; WATCH on 26 of 30 flags judged.

Quality and risk

Data as of 13 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 75
vs peers 42.5 · 5th of 20
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
26 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 20.9%
vs peers 9.6% · 3rd of 20
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 28.6%
vs peers 14.1% · 3rd of 20
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 5.7%
vs peers 7.6% · 13th of 20
Profit after everything, as a share of revenue. Learn more →
EPS ₹2.75
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
Inside the app

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Has NBCC (India) made money for shareholders?

Mixed: −33.0% over one year and +19.3% a year over five years.

Shareholder returns

1-year return −33.0%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +19.3% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−1.5%
1M
−5.9%
3M
−25.2%
6M
−14.4%
1Y
−33.0%
3Y
+21.5%
5Y
+19.3%

Does NBCC (India) pay a dividend?

Yes. NBCC (India)'s dividend yield is 1.29% at the latest price; the last payout was ₹0.46 a share, ex-dividend 28 Aug 2026.

Dividends

Per share, by ex-dividend date
Dividend yield1.29%
The past 12 months' dividends as a share of today's price.
28 Aug 2026 · Final₹0.46
17 Aug 2026 · Interim 1₹0.15
25 Feb 2026 · Interim 3₹0.12
19 Nov 2025 · Interim 2₹0.21
29 Aug 2025 · Final₹0.14
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is NBCC (India) growing?

Revenue 3 years 13.5% a year; profit 3 years 39.2% a year; revenue 5 years 10.7% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 13.5% a year
vs peers 5.7% · 7th of 19
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 39.2% a year
vs peers 11.9% · 4th of 19
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 10.7% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 27.1% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 39.2% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 26.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -27.8%
vs peers -10.4% · 4th of 16
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did NBCC (India) do last quarter?

NBCC (India) reported revenue of ₹2,260 Cr, up 7.1% on a year earlier and a net profit of ₹158 Cr, up 33.2% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹2,260 Cr
+7.1% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹158 Cr
+33.2% on a year earlier
What was left for shareholders after every cost and tax.

How does NBCC (India) compare with its peers?

Compared with 19 Civil Construction; 15th of 20 on P/E; 5th of 20 on quality score.

Compared with 19 Civil Construction

19 companies
  • NBCC (India) Ltd (this page)
  • Rail Vikas Nigam Ltd
  • Kalpataru Projects International Ltd
  • IRB Infrastructure Developers Ltd
  • Cemindia Projects Ltd
  • Engineers India Ltd
  • Techno Electric & Engineering Company Ltd
  • Welspun Enterprises Ltd
  • Ircon International Ltd
  • KEC International Ltd
  • Rites Ltd
  • Afcons Infrastructure Ltd
  • NCC Ltd
  • G R Infraprojects Ltd
  • Power Mech Projects Ltd
  • ISGEC Heavy Engineering Ltd
  • Ceigall India Ltd
  • Dilip Buildcon Ltd
  • Shrem InvIT
  • Nxt-Infra Trust

NBCC (India) against its peers

Largest 10 of 19 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
NBCC (India) Ltd₹20,498 Cr27.27.320.9%28.6%−33.0%
Rail Vikas Nigam Ltd₹40,187 Cr44.25.99.2%10.7%−43.2%
Kalpataru Projects International Ltd₹24,217 Cr20.92.213.8%18.3%+12.6%
IRB Infrastructure Developers Ltd₹21,595 Cr25.00.86.5%7.3%−16.3%
Cemindia Projects Ltd₹19,934 Cr32.13.728.1%32.4%+44.4%
Engineers India Ltd₹16,662 Cr21.03.422.6%29.2%+48.5%
Techno Electric & Engineering Company Ltd₹11,115 Cr25.82.713.6%14.1%−28.9%
Welspun Enterprises Ltd₹10,045 Cr32.61.910.6%14.9%+36.6%
Ircon International Ltd₹9,850 Cr18.81.69.6%9.9%−39.8%
KEC International Ltd₹9,648 Cr17.82.55.5%12.4%−57.8%
Rites Ltd₹9,554 Cr22.93.315.7%18.3%−21.2%
Peer median—21.02.29.6%14.1%−18.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns NBCC (India)?

NBCC (India) is held by promoters 61.8%, foreign institutions 4.8%, domestic institutions 11.3%.

Shareholding pattern

Latest filing, percent of shares
Promoters61.8%
The founders and controlling group.
Foreign institutions4.8%
Overseas funds investing through the FPI route.
Domestic institutions11.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds6.3%
Indian mutual fund schemes; part of domestic institutions.
Retail and others17.4%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about NBCC (India)?

2 analysts cover NBCC (India), and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

2 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does NBCC (India) do and what is it sensitive to?

NBCC (India) Limited, a government company, sells project management consultancy (PMC), engineering, procurement and construction (EPC), and real estate development services. Sensitive to: foreign exchange (INR/USD).

Business-model card

FY2025 · 36 verified
3Revenue
4Channels
2Regulators
6Reg. dependencies
4Sensitivities
2Costs
3Geographies

NBCC (India) Limited, a government company, sells project management consultancy (PMC), engineering, procurement and construction (EPC), and real estate development services. Its main clients are central and state government ministries, public sector undertakings, municipal bodies and financial institutions, and it earns PMC fees and EPC or development revenue on contracts.

Revenue by segment

Consolidated, year ended March 31, 2025 (FY 2024-25, H in lakh); the consolidated segment table, Note 51, is used
PMC91.8%
Real Estate2.1%
EPC6.1%

Revenue engine

3 verified
Project Management Consultancy (PMC) (89.6%)
Product/service row with NIC code 71100 that the excerpt states is 89.63% of total turnover. Under the back-to-back contractor arrangement, the company recognises gross revenue (cost of work plus PMC fee) per chunk 46.
Real Estate development
Revenue for sale of property and additional parking slots is recognised when control transfers, at a point in time on possession handover (including deemed possession). The excerpt does not state this line's share of turnover.
Engineering, Procurement and Construction (EPC)
Built on contracts to construct an asset for a customer, treated as one performance obligation and recognised over time using the input method. The excerpt does not state this line's share of turnover.

Customers & channels

4 verified
Single major customers (PMC segment) (47.2%)
Two external customers each contributed 10% or more of revenue in FY2025. The combined share is stated as 47.18%, with 17.52% and 29.66% for each customer, so revenue depends heavily on a few clients.
Central and state government ministries and PSUs
Core client base named in the excerpt, alongside municipal bodies and financial institutions. Government-linked clients account for much of the business.
Corporate clients, developers and institutions (bulk sales)
Bulk sales to these buyers are stated to improve cash flow and reduce retail overheads, and to support monetisation of large-scale Government-linked projects.
1 more statement
Overseas projects funded by MEA and EXIM Bank
Overseas work in named countries is funded by the Ministry of External Affairs and EXIM Bank, so the funder decides the project flow.

Regulators

2 verified
Department of Public Enterprises (DPE)
Issues the DPE Guidelines on Corporate Governance for CPSEs, which the company is subject to as a government company.
Department of Investment and Public Asset Management (DIPAM), Ministry of Finance
Issues guidelines on capital restructuring of CPSEs, which governs how the company is capitalised.

Regulatory dependencies

6 verified
Statutory clearances
Delays in obtaining statutory clearances push out project timelines and revenue recognition. Interpretation: a slower clearance regime delays PMC and EPC revenue.
Environmental and financial regulation changes
The company says frequent regulatory changes raise compliance costs and the risk of project delays, which cuts operational efficiency and profitability.
Government redevelopment programmes for government colonies (GPRA)
Opportunities are tied to large-scale government colony redevelopment under urban renewal programmes. Interpretation: changes to these programmes or to access to government land would move the redevelopment pipeline.
3 more statements
Government budget allocation for PMAY-U
Affordable housing policy support is tied to budget allocations. Interpretation: changes in the allocation would move demand for the affordable-housing projects the company runs.
Gross versus net revenue recognition for back-to-back contracts
The auditor says that judging whether the company is a PMC or an agent rather than an EPC contractor needs significant judgment. Interpretation: an agent treatment would cut reported revenue and gross margin.
Government appointment power over directors
The excerpt says the power to appoint directors rests with the Government of India. It also reports NSE and BSE fines of INR 34,30,260 each for board non-compliance, which the company sought to have waived.

Sensitivities

4 verified
Foreign exchange (INR/USD)
The excerpt shows a 5% rise in INR/USD adds 351.52 lakh to profit and equity at 31 March 2025, and a 5% fall removes the same amount. Exposure is partly offset by inflows and outflows in the same currency.
Repo rate and borrowing costs
The excerpt says the RBI cut the repo rate by 100 bps to 5.5%, which it expects to ease borrowing costs and improve credit availability. Direction: lower rates ease financing costs.
Market volatility in tenders and costs
The company says tenders are quoted abnormally high or low in the current volatile market, and that material and labour fluctuation can disrupt supply and site progress.
1 more statement
Client payment delays
Client-side payment delays hamper project cash cycles and contractor payments, which lengthens working-capital needs.

Cost inputs

2 verified
Contractor costs passed through back-to-back
Contractors are paid only after the client pays the company, so contractor cost is matched to client receipts and the company carries no credit risk on it, per the excerpt.
Materials and labour
Driver: fluctuation in material and labour costs. The company names non-availability of labour and disrupted material supply as risks to site progress.

Geographies

3 verified
National operations (India)
The excerpt lists 23 national offices and 0 plants across 28 states and union territories, so operations are office-based rather than plant-based.
International operations (Maldives, Seychelles, Jeddah, Mauritius)
The excerpt lists 4 international offices and 4 countries, with overseas projects in the named locations.
Export contribution to turnover (4.6%)
The excerpt states exports as 4.59% of total turnover.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (11 Aug 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 26 of 30 flags judged; 1 red; 4 could not be judged.
  • Data gapsBusiness quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓174 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 36 verified

Questions people ask

What is NBCC (India)'s share price today?

NBCC (India) last traded at ₹76.19 on the NSE, as of 13 Oct 2026, 10:45 am IST, up 0.4% on the day, down 33.0% over a year. Its 52-week range is ₹74 to ₹126. The live price is in the app.

What is NBCC (India)'s market cap?

NBCC (India)'s market capitalisation is about ₹20,498 crore: what it would cost to buy every share at today's price. That makes it the 116th largest small cap company we cover.

Is NBCC (India) Ltd a large cap, mid cap or small cap?

NBCC (India) Ltd (NBCC) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is NBCC (India) Ltd's P/E ratio?

27.18, vs peers 21.0 · 15th of 20. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is NBCC (India) Ltd overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 27.2 vs peers 21.0 (15th of 20); P/B 7.3 vs peers 2.2 (19th of 19).

How does NBCC (India) Ltd make money?

NBCC (India) Limited, a government company, sells project management consultancy (PMC), engineering, procurement and construction (EPC), and real estate development services. Its main clients are central and state government ministries, public sector undertakings, municipal bodies and financial institutions, and it earns PMC fees and EPC or development revenue on contracts.

Who are NBCC (India) Ltd's peers?

Compared with 19 Civil Construction: Rail Vikas Nigam Ltd, Kalpataru Projects International Ltd, IRB Infrastructure Developers Ltd, Cemindia Projects Ltd, Engineers India Ltd and 14 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did NBCC (India) do last quarter?

NBCC (India) reported revenue of ₹2,260 Cr, up 7.1% on a year earlier and a net profit of ₹158 Cr, up 33.2% in the Jun 2026 quarter.

Who owns NBCC (India)?

NBCC (India) is held by promoters 61.8%, foreign institutions 4.8%, domestic institutions 11.3%.

Does NBCC (India) pay a dividend?

Yes. NBCC (India)'s dividend yield is 1.29% at the latest price; the last payout was ₹0.46 a share, ex-dividend 28 Aug 2026.

What do analysts say about NBCC (India)?

2 analysts cover NBCC (India), and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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