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NBCC (INDIA) LIMITED
(NBCC)
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Rating:63Neutral
Price Target:
₹95.00
▲(1.23% 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
Revenue and Profitability Growth
Sustained revenue expansion alongside higher net and EBIT margins indicates improving operating execution. If maintained, this combination can strengthen earnings capacity and provide greater resilience across NBCC’s multi-year infrastructure project portfolio.
Negative Factors
Volatile Cash Generation
Uneven cash conversion creates working-capital and project-timing risk, even though latest free cash flow was about 91% of net income. Recurring volatility could constrain reinvestment, delay distributions or increase dependence on project receipts.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Growth
Sustained revenue expansion alongside higher net and EBIT margins indicates improving operating execution. If maintained, this combination can strengthen earnings capacity and provide greater resilience across NBCC’s multi-year infrastructure project portfolio.
Read all positive factors
NBCC (INDIA) LIMITED (NBCC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹240.79B
Dividend Yield1.06%
Average Volume (3M)662.73K
Price to Earnings (P/E)32.3
Beta (1Y)1.80
Revenue Growth3.51%
EPS Growth30.62%
CountryIN
Employees1,271
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.74
Shares Outstanding2,700,000,000
10 Day Avg. Volume434,748
30 Day Avg. Volume662,731
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)7.40
Price to Sales (P/S)1.73
P/FCF Ratio55.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.27
Revenue Forecast (FY)₹155.08B
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 developme...
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) ...
NBCC (INDIA) LIMITED Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
56
Neutral
| 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 | 7.29B | 6.08B | 3.34B | 1.76B |
| Net Income | 7.43B | 7.20B | 5.41B | 4.02B | 2.67B | 2.24B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 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
Negative
93.85
Price Trends
97.23
Negative
96.43
Negative
99.77
Negative
Market Momentum
-2.29
Positive
37.23
Neutral
33.11
Neutral
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 93.85 is above the 20-day moving average (MA) of 91.76, below the 50-day MA of 97.23, and below the 200-day MA of 99.77, indicating a bearish trend. The MACD of -2.29 indicates Positive momentum. The RSI at 37.23 is Neutral, neither overbought nor oversold. The STOCH value of 33.11 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹140.82B | 17.70 | ― | 2.51% | 16.30% | 41.66% | |
63 Neutral | ₹240.79B | 32.30 | ― | 0.72% | 3.51% | 30.62% | |
62 Neutral | ₹5.56T | 30.89 | ― | 1.00% | 9.78% | 13.15% | |
56 Neutral | ₹92.36B | 13.49 | ― | 1.37% | -1.81% | -12.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹116.67B | 22.09 | ― | 1.74% | -9.92% | -21.56% | |
44 Neutral | ₹104.84B | 73.09 | ― | 0.70% | -11.87% | -73.37% |
* General Sector Average
IN:NBCC
NBCC (INDIA) LIMITED
88.72
-9.62
-9.78%
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IN:NCC
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150.40
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-26.52%
NBCC (INDIA) LIMITED Corporate Events
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 2...
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.