NBCC (INDIA) LIMITED (NBCC) AI Stock Analysis

• Market Cap: ₹300.78B
• Dividend Yield: 0.61%
• Average Volume (3M): 662.73K
• Price to Earnings (P/E): 52.9
• Beta (1Y): 2.18
• Revenue Growth: 15.84%
• EPS Growth: 31.93%
• Country: IN
• Employees: 1,271
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): 0.50
• Shares Outstanding: 2,700,000,000
• 10 Day Avg. Volume: 434,748
• 30 Day Avg. Volume: 662,731
• PEG Ratio: 1.22
• Price to Book (P/B): 8.94
• Price to Sales (P/S): 1.84
• P/FCF Ratio: 28.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ₹118.00 ▲(2.39% Upside)

NBCC (INDIA) LIMITED's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and improving profitability. Technical analysis indicates moderate strength, with short-term bullish signals. However, the high P/E ratio suggests potential overvaluation, which tempers the overall score.

NBCC (INDIA) LIMITED Business Overview & Revenue Model

Company Description

NBCC (India) Limited engages in project management consultancy and real estate development businesses in India and internationally. The company operates through three segments: Project Management Consultancy (PMC); Engineering Procurement and Construction (EPC); and Real Estate Development. The PMC segment offers services for various civil construction projects, including residential and commercial complexes, re-development of colonies, hospitals, educational institutions, infrastructure works for security personnel, and border fencing projects, as well as infrastructure projects, such as roads, water supply systems, storm water drainage systems, water storage solutions, and solid waste management schemes. The EPC segment executes various projects, which include chimneys, cooling towers, coal handling plants, roads, TV towers, airports, runways, etc.; and project conceptualization, feasibility studies, detailed project reports, engineering, tender specifications and packages covering basic and detailed engineering, review of projects, procurement, construction drawings, commissioning, testing, and handing projects services. The Real Estate Development segment develops residential, commercial, and institutional projects. It is also involved in the provision of post-construction maintenance services; implementation of integrated steel plants; consultancy services in the field of hospital planning, design, detail engineering, quality control, project management, and monitoring, as well as procurement, supply, installation, and commissioning of medical equipment; construction, real estate, and project management consultancy; and environment and sustainability business. The company was formerly known as National Buildings Construction Corporation Limited and changed its name to NBCC (India) Limited in May 2016. NBCC (India) Limited was incorporated in 1960 and is headquartered in New Delhi, India.

How the Company Makes Money

NBCC makes money primarily through its three main business segments: Project Management Consultancy (PMC), Real Estate Development, and Engineering, Procurement, and Construction (EPC) services. In the PMC segment, NBCC offers consultancy services for government projects, wherein it charges a fee based on the project cost and completion. This segment is the largest contributor to the company's revenue. In real estate, NBCC engages in the development and sale of residential and commercial properties, earning profits from property sales and leasing. The EPC segment involves executing construction projects, where NBCC earns revenue through contractual agreements for building infrastructure. Additionally, NBCC benefits from government support, given its status as a public sector undertaking, which often provides it with preferential access to government projects.

NBCC (INDIA) LIMITED Financial Statement Overview

Summary

NBCC (INDIA) LIMITED demonstrates strong financial health with robust revenue growth and improving profitability. The balance sheet is stable with low leverage, and cash flows are positive, though there is room for improvement in cash conversion efficiency.

Income Statement

NBCC (INDIA) LIMITED shows strong revenue growth with a consistent upward trajectory over the years. The gross profit margin has remained stable, indicating efficient cost management. Net profit margin has improved markedly, suggesting enhanced profitability. The EBIT and EBITDA margins, though modest, reflect steady operational efficiency.

Balance Sheet

The company maintains a low debt-to-equity ratio, highlighting prudent financial management and low leverage risk. Return on equity has shown an improving trend, indicating effective use of shareholders' funds. However, the equity ratio suggests moderate reliance on liabilities for asset financing, which is typical for the industry.

Cash Flow

Cash flow from operations has improved significantly, demonstrating better cash conversion from revenues. The free cash flow growth rate is positive, supporting strategic investments and financial flexibility. However, the operating cash flow to net income ratio indicates room for improvement in translating income into cash flows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	124.15B	121.68B	105.00B	87.84B	75.92B	68.85B
Gross Profit	14.47B	14.26B	10.52B	7.19B	5.02B	4.70B
EBITDA	8.10B	7.29B	6.08B	3.34B	1.76B	985.30M
Net Income	5.69B	5.41B	4.02B	2.67B	2.24B	2.26B
Balance Sheet
Total Assets	0.00	136.41B	127.79B	128.79B	134.44B	131.64B
Cash, Cash Equivalents and Short-Term Investments	59.62B	59.62B	52.57B	52.31B	55.66B	55.16B
Total Debt	0.00	4.03M	6.32M	4.53M	4.57M	5.14M
Total Liabilities	-26.71B	109.70B	103.67B	107.55B	115.06B	113.67B
Stockholders Equity	26.71B	24.79B	22.26B	19.45B	17.68B	16.37B
Cash Flow
Free Cash Flow	0.00	7.90B	282.58M	-4.52B	734.26M	4.25B
Operating Cash Flow	0.00	11.10B	730.52M	-4.40B	798.82M	4.31B
Investing Cash Flow	0.00	1.20B	-2.18B	3.39B	333.36M	1.78B
Financing Cash Flow	0.00	-2.69B	-1.03B	-902.74M	-946.75M	-405.29M

NBCC (INDIA) LIMITED Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 115.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NBCC, the sentiment is Positive. The current price of 115.25 is above the 20-day moving average (MA) of 111.82, above the 50-day MA of 108.09, and above the 200-day MA of 101.77, indicating a bullish trend. The MACD of 1.00 indicates Positive momentum. The RSI at 59.74 is Neutral, neither overbought nor oversold. The STOCH value of 51.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NBCC.

NBCC (INDIA) LIMITED Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MINDSPACE	―	₹283.27B	55.22	―	0.00%	9.83%	-4.94%
BRIGADE	―	₹247.32B	32.80	―	0.24%	-0.80%	43.41%
KPIL	―	₹215.61B	30.09	―	0.71%	19.67%	40.16%
NBCC	―	₹300.78B	52.89	―	0.61%	15.84%	31.93%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HUDCO	―	₹458.23B	16.16	―	1.76%	32.45%	24.80%

NBCC (INDIA) LIMITED Corporate Events

NBCC (India) Limited Successfully Concludes 65th AGM with All Resolutions Passed

NBCC (India) Limited held its 65th Annual General Meeting on September 24, 2025, using video conferencing and other audio-visual means. The company provided e-voting facilities to its members, which were available from September 21 to September 23, 2025. During the AGM, members who had not participated in remote e-voting were given the opportunity to vote electronically. The scrutinizer, Sachin Agarwal from Agarwal S. & Associates, confirmed that all resolutions were duly passed, and the results are available on the company’s website.

NBCC (India) Limited Releases Q1 FY 2025-26 Earnings Call Transcript

NBCC (India) Limited has released the transcript of its Q1 FY 2025-26 investors’ earnings conference call, highlighting the company’s un-audited financial results. The release provides insights into the company’s financial performance and strategic direction, which could impact its market positioning and stakeholder interests.

NBCC Secures ₹45.30 Crore Project with Madhya Pradesh Gramin Bank

NBCC (India) Limited has secured a work order valued at approximately ₹45.30 crore from Madhya Pradesh Gramin Bank for developing a modern institutional campus in Indore, Madhya Pradesh. This project, which includes the construction of a head office, training center, and executive quarters, aligns with NBCC’s strategy to enhance infrastructure in Tier-II cities and reflects a commitment to promoting financial inclusion in rural and semi-urban India.

NBCC Partners with Indian Postal Department for Nationwide Land Development

NBCC (India) Limited has signed a Memorandum of Understanding with the Department of Post of the Government of India to develop various land parcels across India using NBCC’s redevelopment self-sustainable model. This collaboration will see NBCC acting as the Project Management and Marketing Consultant to optimize the monetization of these projects, aligning with the company’s regular business operations.