NBCC (INDIA) LIMITED (NBCC) AI Stock Analysis

NBCC (INDIA) LIMITED

(NSE:NBCC)

Select Model

Rating:63Neutral

Price Target:INR 74.00▲(6.00% Upside)

Action:reiterated

Date:08/26/26

The score is driven primarily by strong financial fundamentals—especially the very low leverage and improving profitability—offset by inconsistent cash-flow performance. Technicals are meaningfully weak (below key moving averages with negative MACD and low RSI), and valuation is not particularly supportive given the high P/E and modest dividend yield.

Positive Factors

Very Low LeverageNBCC’s extremely low leverage limits refinancing and interest-rate exposure while preserving financial flexibility. Steadily growing equity provides a stronger base for managing large projects, absorbing execution variability, and supporting expansion without depending heavily on external debt.

Negative Factors

Volatile Cash GenerationUneven operating and free cash flow reduces confidence in the timing and consistency of cash conversion. Project milestones and working-capital movements may create periods where reported earnings do not translate smoothly into funds available for reinvestment or distribution.

NBCC (INDIA) LIMITED (NBCC) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 188.08B
Dividend Yield: 1.35%
Average Volume (3M): 436.07K
Price to Earnings (P/E): 25.4
Beta (1Y): 1.78
Revenue Growth: 3.51%
EPS Growth: 30.62%
Country: India
Employees: 1,150
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

NBCC (INDIA) LIMITED Business Overview & Revenue Model

Company Description

NBCC (India) Limited, established in 1960 and headquartered in New Delhi, India, operates as a diversified enterprise both within India and internationally. Its core business revolves around project management consultancy and real estate development....

How the Company Makes Money

NBCC makes money mainly by providing project management and execution services and earning fees linked to the value of projects it manages, along with revenues from certain development and construction activities. Key revenue streams include: (1) Pro...

NBCC (INDIA) LIMITED Financial Statement Overview

Summary

Strong profitability and growth profile with improving net and EBIT margins over 2022–2026 and a very low-leverage balance sheet. The main drag is volatile cash generation, including a negative operating cash flow year and a sharp free-cash-flow decline in 2026, which raises execution/working-capital timing risk.

Income Statement

78Positive

Balance Sheet

90Very Positive

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	127.52B	128.89B	121.68B	105.00B	87.84B	75.92B
Gross Profit	11.25B	12.66B	14.26B	10.52B	7.19B	5.02B
EBITDA	9.75B	10.04B	7.32B	6.09B	3.34B	1.76B
Net Income	7.43B	7.20B	5.41B	4.02B	2.67B	2.24B
Balance Sheet
Total Assets	0	162.74B	136.41B	127.79B	128.79B	134.44B
Cash, Cash Equivalents and Short-Term Investments	65.16B	74.47B	59.62B	52.57B	52.31B	55.66B
Total Debt	0	2.58M	4.03M	6.32M	4.53M	4.57M
Total Liabilities	-32.15B	130.58B	109.70B	103.67B	107.55B	115.06B
Stockholders Equity	32.15B	30.17B	24.79B	22.26B	19.45B	17.68B
Cash Flow
Free Cash Flow	-11.12B	4.02B	7.90B	282.58M	-4.52B	734.26M
Operating Cash Flow	-10.98B	4.39B	11.10B	730.52M	-4.40B	798.82M
Investing Cash Flow	2.24B	2.50B	1.20B	-2.18B	3.39B	333.36M
Financing Cash Flow	-1.10B	-2.01B	-2.69B	-1.03B	-902.74M	-946.75M

NBCC (INDIA) LIMITED Technical Analysis

Technical Analysis SentimentNegative

Last Price69.81

Price Trends

50DMA80.15Negative

100DMA89.42Negative

200DMA91.61Negative

Market Momentum

MACD-3.14Negative

RSI34.95Neutral

STOCH37.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NBCC, the sentiment is Negative. The current price of 69.81 is below the 20-day moving average (MA) of 73.57, below the 50-day MA of 80.15, and below the 200-day MA of 91.61, indicating a bearish trend. The MACD of -3.14 indicates Negative momentum. The RSI at 34.95 is Neutral, neither overbought nor oversold. The STOCH value of 37.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NBCC.

NBCC (INDIA) LIMITED Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NBCC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ENGINERSIN	79Outperform	INR 141.44B	18.05	―	1.99%	6.00%	66.97%
IN:LT	68Neutral	INR 5.31T	27.40	―	0.99%	11.15%	17.37%
IN:NBCC	63Neutral	INR 188.49B	25.42	―	1.35%	3.51%	30.62%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NCC	55Neutral	INR 71.92B	10.28	―	1.92%	-1.81%	-12.78%
IN:AFCONS	38Underperform	INR 75.80B	52.83	―	0.97%	-11.87%	-73.37%
IN:IRCON	36Underperform	INR 90.90B	17.35	―	1.97%	-9.92%	-21.60%

* General Sector Average

Performance Comparison

IN:NBCC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NBCC	NBCC (INDIA) LIMITED	69.81	-46.57	-40.02%
IN:AFCONS	Afcons Infrastructure Limited	206.10	-240.65	-53.87%
IN:ENGINERSIN	Engineers India Limited	251.65	54.60	27.71%
IN:IRCON	IRCON International Ltd.	96.65	-70.24	-42.09%
IN:LT	Larsen & Toubro Limited	3858.00	-83.60	-2.12%
IN:NCC	NCC Limited	114.55	-96.24	-45.66%

NBCC (INDIA) LIMITED Corporate Events

NBCC Confirms All Resolutions Passed at 66th AGM Through E-Voting

Sep 14, 2026

NBCC (India) Limited has reported that its 66th Annual General Meeting was held on September 11, 2026, via video conferencing and other audio-visual means, with shareholders provided remote e-voting and electronic voting facilities in line with Compa...

NBCC Opens Australia Branch to Expand Global Infrastructure Footprint

Sep 14, 2026

NBCC (India) Limited has registered a new branch office in South Yarra, Victoria, Australia, as part of its strategy to expand into overseas markets and grow revenue from international business. The Australian branch is designated to provide project...

NBCC Board Clears Quarterly Results, Dividends and REIT-Focused Subsidiary Plan

Aug 11, 2026

NBCC (India) Limited’s board has approved the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also declared a first interim dividend of Rs. 0.15 per equity share for FY 2026...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 26, 2026

NBCC (INDIA) LIMITED AI Stock Analysis