NBCC

NBCC (India) Limited

Central PSU that builds and manages government projects — PMC, EPC and real estate

Industrials›Construction›Construction›Civil Construction

nbccindia.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹75.51
Market cap
20,388 Cr
Stock P/E
27.4
P/B
6.79
Dividend yield
1.0%
ROE (FY26)
22.4%
ROCE (FY26)
30.8%
Operating margin (FY26)
4.7%
OCF / EBITDA (FY26)
71.3%
OCF / EBITDA (3Y)
66.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

NBCC is a government-owned (central public sector) construction and project management company that manages and builds projects, including redevelopment of Delhi housing colonies, for ministries, state governments and other public clients.

Company snapshot

6thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 90.6% of revenue

SegmentRevenue shareRevenuePBTAssets
EPC
7.2%
203 Cr-9 Cr763 Cr
PMC
90.6%
2,561 Cr165 Cr6,280 Cr
Real Estate
0.2%
7 Cr3 Cr1,707 Cr
Unallocated
2.0%
56 Cr37 Cr3,505 Cr

What we see

Positives
  • ✓Interest coverage of 17702.4x — earnings comfortably cover interest obligations.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,053 Cr2,413 Cr4,025 Cr2,144 Cr2,459 Cr2,827 Cr4,643 Cr2,391 Cr2,910 Cr3,022 Cr4,560 Cr2,260 Cr
Operating expenses (approx.)1,958 Cr2,295 Cr3,781 Cr2,053 Cr2,359 Cr2,685 Cr4,352 Cr2,281 Cr2,809 Cr2,909 Cr4,273 Cr2,105 Cr
EBITDA96 Cr117 Cr243 Cr92 Cr100 Cr142 Cr290 Cr110 Cr101 Cr114 Cr287 Cr155 Cr
OPM %4.7%4.9%6.0%4.3%4.1%5.0%6.2%4.6%3.5%3.8%6.3%6.9%
Other income76 Cr59 Cr51 Cr54 Cr67 Cr55 Cr58 Cr74 Cr107 Cr72 Cr59 Cr61 Cr
Interest0.02 Cr0.01 Cr0.02 Cr0.01 Cr0.01 Cr0.0081 Cr0.0091 Cr0.0071 Cr0.01 Cr0.0054 Cr0.0096 Cr0.0041 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr
Profit before tax105 Cr152 Cr198 Cr144 Cr166 Cr196 Cr249 Cr181 Cr205 Cr265 Cr342 Cr213 Cr
Tax %21.8%25.5%28.4%25.5%24.6%27.4%26.7%25.6%23.5%25.6%25.9%25.7%
Net profit82 Cr114 Cr141 Cr107 Cr125 Cr142 Cr183 Cr135 Cr157 Cr197 Cr254 Cr158 Cr
EPS (₹)₹0.44₹0.62₹0.76₹0.58₹0.45₹0.51₹0.65₹0.49₹0.57₹0.71₹0.89₹0.57

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7,425 Cr6,942 Cr9,943 Cr8,087 Cr6,832 Cr7,691 Cr8,754 Cr10,433 Cr12,039 Cr12,889 CrSign in free for the trailing twelve months
Operating expenses (approx.)7,020 Cr6,519 Cr9,578 Cr7,984 Cr6,713 Cr7,487 Cr8,414 Cr9,919 Cr11,414 Cr12,272 CrSign in free for the trailing twelve months
EBITDA405 Cr422 Cr365 Cr104 Cr119 Cr204 Cr340 Cr513 Cr624 Cr617 CrSign in free for the trailing twelve months
OPM %5.5%6.1%3.7%1.3%1.7%2.7%3.9%4.9%5.2%4.8%Sign in free for the trailing twelve months
Other income151 Cr154 Cr208 Cr206 Cr180 Cr194 Cr207 Cr234 Cr234 Cr307 CrSign in free for the trailing twelve months
Interest29 Cr25 Cr0.61 Cr7 Cr7 Cr6 Cr1 Cr0.05 Cr0.06 Cr0.03 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr4 Cr7 Cr6 Cr5 Cr5 Cr5 Cr7 Cr13 CrSign in free for the trailing twelve months
Profit before tax454 Cr547 Cr569 Cr297 Cr287 Cr315 Cr372 Cr559 Cr755 Cr991 CrSign in free for the trailing twelve months
Tax %28.4%32.0%31.2%66.4%17.7%24.4%25.2%25.8%26.2%25.1%Sign in free for the trailing twelve months
Net profit325 Cr372 Cr392 Cr100 Cr236 Cr238 Cr278 Cr414 Cr557 Cr742 CrSign in free for the trailing twelve months
EPS (₹)₹1.97₹1.97₹2.08₹0.43₹1.23₹1.25₹1.48₹2.23₹2.00₹2.67Sign in free for the trailing twelve months
Dividend payout %————14.2%37.3%33.0%24.9%47.9%26.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr270 Cr270 Cr
Reserves1,514 Cr1,786 Cr1,328 Cr1,270 Cr1,457 Cr1,588 Cr1,765 Cr2,046 Cr2,209 Cr2,747 Cr
Borrowings——————————
Other liabilities6,134 Cr7,113 Cr11,439 Cr10,930 Cr11,367 Cr11,506 Cr10,755 Cr10,367 Cr10,970 Cr13,058 Cr
Total liabilities8,066 Cr9,231 Cr13,095 Cr12,536 Cr13,164 Cr13,444 Cr12,879 Cr12,779 Cr13,641 Cr16,274 Cr
Fixed assets (net)122 Cr121 Cr180 Cr163 Cr158 Cr158 Cr165 Cr168 Cr168 Cr595 Cr
CWIP0.17 Cr0.17 Cr0.17 Cr0.17 Cr16 Cr2 Cr4 Cr12 Cr4 Cr38 Cr
Investments74 Cr28 Cr44 Cr30 Cr21 Cr35 Cr38 Cr292 Cr628 Cr37 Cr
Inventories1,571 Cr1,658 Cr1,833 Cr1,768 Cr1,694 Cr1,571 Cr1,408 Cr1,202 Cr974 Cr1,194 Cr
Trade receivables2,567 Cr2,543 Cr2,449 Cr1,856 Cr2,071 Cr2,021 Cr1,945 Cr2,902 Cr3,062 Cr5,092 Cr
Cash & bank1,272 Cr1,527 Cr1,908 Cr1,949 Cr2,517 Cr2,535 Cr2,342 Cr2,094 Cr3,010 Cr3,487 Cr
Other assets2,459 Cr3,354 Cr6,682 Cr6,771 Cr6,688 Cr7,123 Cr6,977 Cr6,109 Cr5,795 Cr5,830 Cr
Total assets8,066 Cr9,231 Cr13,095 Cr12,536 Cr13,164 Cr13,444 Cr12,879 Cr12,779 Cr13,641 Cr16,274 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity605 Cr239 Cr638 Cr113 Cr431 Cr80 Cr-440 Cr73 Cr657 Cr439 Cr
Cash from investing282 Cr201 Cr-209 Cr88 Cr178 Cr33 Cr339 Cr-218 Cr573 Cr250 Cr
Cash from financing-502 Cr-184 Cr-150 Cr-160 Cr-41 Cr-95 Cr-90 Cr-103 Cr-269 Cr-201 Cr
Net cash flow385 Cr255 Cr279 Cr41 Cr568 Cr19 Cr-192 Cr-249 Cr961 Cr489 Cr
Free cash flow (OCF − Capex)591 Cr234 Cr632 Cr104 Cr425 Cr73 Cr-452 Cr57 Cr337 Cr402 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %25.0%27.0%34.4%18.9%16.3%16.5%17.6%23.2%28.3%30.8%
ROE %18.4%17.6%22.6%4.9%12.3%11.6%12.6%16.6%20.3%22.4%
Debtor days1261339084110968110293144
Inventory days53109590643488278594465046209524550669110385146634
Days payable1043441257248060215794989660843601113052703784257160179
Cash conversion cycle-51108-66526-45630-79271-431451-22554-6754520-267938-5601-2
OCF / EBITDA %149.4%56.5%174.7%n.m.n.m.n.m.-129.4%14.2%105.3%71.3%
OCF / EBITDA % (3 years)——124.2%111.0%n.m.n.m.n.m.-27.2%19.6%66.7%
Debt / equity———————0.00——
Current ratio1.281.261.081.111.021.051.041.171.181.18
Net debt / EBITDA-3.14—-5.22-18.82-21.11-12.43-6.88-4.08-4.82-5.65