NBCC (INDIA) LIMITED (NBCC) AI Stock Analysis

12 Followers

NBCC (INDIA) LIMITED

(NSE:NBCC)

Select Model

Rating:66Neutral

Price Target:INR 82.00▲(3.60% Upside)

Action:reiterated

Date:11/03/26

The company's financial health is a major strength, driven by high growth, expanding profitability, and a debt-free balance sheet. However, the stock's technical picture is weak, trading below key moving averages, and its valuation is not compelling. The overall score reflects a strong fundamental business facing near-term market headwinds.

Positive Factors

Very Low LeverageExtremely low leverage reduces refinancing and interest-rate exposure, preserving financial flexibility as NBCC expands. Steadily growing equity provides a stronger capital base for managing large projects and absorbing execution variability without relying heavily on debt.

Negative Factors

Volatile Operating Cash FlowLarge year-to-year swings in operating cash flow make internally generated funding less predictable, even when accounting earnings are growing. This volatility can complicate project planning and capital allocation, particularly when multiple long-duration contracts progress unevenly.

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

Market Cap: INR 213.30B
Dividend Yield: 1.24%
Average Volume (3M): 570.18K
Price to Earnings (P/E): 27.0
Beta (1Y): 1.68
Revenue Growth: 3.65%
EPS Growth: 32.60%
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 revenue growth and expanding margins, supported by an exceptionally robust, debt-free balance sheet. Cash flow is positive but volatile, slightly tempering the overall financial picture.

Income Statement

85Very Positive

Balance Sheet

95Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	132.37B	128.89B	121.68B	105.00B	87.84B	75.92B
Gross Profit	12.59B	12.66B	14.26B	10.52B	7.19B	5.02B
EBITDA	10.53B	10.04B	7.32B	6.09B	3.34B	1.76B
Net Income	7.96B	7.20B	5.41B	4.02B	2.67B	2.24B
Balance Sheet
Total Assets	155.44B	162.74B	136.41B	127.79B	128.79B	134.44B
Cash, Cash Equivalents and Short-Term Investments	63.82B	74.47B	59.62B	52.57B	52.31B	55.66B
Total Debt	5.60M	2.58M	4.03M	6.32M	4.53M	4.57M
Total Liabilities	121.37B	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	0	4.02B	7.90B	282.58M	-4.52B	734.26M
Operating Cash Flow	0	4.39B	11.10B	730.52M	-4.40B	798.82M
Investing Cash Flow	0	2.50B	1.20B	-2.18B	3.39B	333.36M
Financing Cash Flow	0	-2.01B	-2.69B	-1.03B	-902.74M	-946.75M

NBCC (INDIA) LIMITED Technical Analysis

Technical Analysis SentimentNeutral

Last Price79.15

Price Trends

50DMA78.28Positive

100DMA86.65Negative

200DMA90.11Negative

Market Momentum

MACD0.68Negative

RSI55.55Neutral

STOCH79.14Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NBCC, the sentiment is Neutral. The current price of 79.15 is above the 20-day moving average (MA) of 74.50, above the 50-day MA of 78.28, and below the 200-day MA of 90.11, indicating a neutral trend. The MACD of 0.68 indicates Negative momentum. The RSI at 55.55 is Neutral, neither overbought nor oversold. The STOCH value of 79.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	78Outperform	INR 175.50B	19.58	―	2.09%	6.00%	66.97%
IN:NBCC	66Neutral	INR 213.71B	26.96	―	1.24%	3.65%	32.60%
IN:LT	62Neutral	INR 5.69T	29.33	―	0.92%	11.15%	17.37%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NCC	55Neutral	INR 84.45B	11.59	―	1.64%	8.16%	-8.15%
IN:AFCONS	38Underperform	INR 81.61B	102.37	―	0.90%	-14.83%	-83.97%
IN:IRCON	36Underperform	INR 104.55B	21.43	―	1.71%	-2.58%	-18.78%

* 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	79.15	-36.03	-31.28%
IN:AFCONS	Afcons Infrastructure Limited	221.90	-178.12	-44.53%
IN:ENGINERSIN	Engineers India Limited	312.25	112.34	56.19%
IN:IRCON	IRCON International Ltd.	111.16	-54.84	-33.04%
IN:LT	Larsen & Toubro Limited	4139.00	149.87	3.76%
IN:NCC	NCC Limited	134.50	-47.00	-25.89%

NBCC (INDIA) LIMITED Corporate Events

NBCC Signs MoUs for Four Patna Redevelopment Projects

Nov 2, 2026

NBCC (India) Limited is a public-sector construction and project management consultancy company serving government-led redevelopment, infrastructure and real-estate needs across India. Its work centers on delivering large-scale public projects and ur...

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 2026-27, with Au...

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: Nov 03, 2026

NBCC (INDIA) LIMITED AI Stock Analysis