NBCC (INDIA) LIMITED (IN:NBCC)
:NBCC
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NBCC (INDIA) LIMITED
(NBCC)
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Rating:62Neutral
Price Target:
₹111.00
▼(-9.50% Downside)
Action:Reiterated
Date:05/26/26
The score is driven primarily by solid financial performance—strong growth, expanding margins, and an exceptionally low-debt balance sheet—tempered by cash-flow volatility. Valuation is a key drag due to the high P/E and low dividend yield, while technicals are mixed with improving near-term trend but weaker long-term positioning versus the 200-day average.
Positive Factors
Conservative balance sheet with minimal leverage
Extremely low leverage reduces refinancing and interest-rate risk and preserves financial flexibility. For a project-driven construction firm, this supports bidding capacity, bond limits and ability to fund large government projects without immediate external financing, improving resilience over months.
Negative Factors
Volatile cash generation and recent FCF decline
Large swings in operating cash flow and a sharp FCF decline reflect working-capital and project-timing variability. This undermines consistent internal funding for capex, land or redevelopment milestones, and may force short-term financing or slow project rollouts, reducing execution reliability over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet with minimal leverage
Extremely low leverage reduces refinancing and interest-rate risk and preserves financial flexibility. For a project-driven construction firm, this supports bidding capacity, bond limits and ability to fund large government projects without immediate external financing, improving resilience over months.
Read all positive factors
NBCC (INDIA) LIMITED (NBCC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹283.77B
Dividend Yield0.48%
Average Volume (3M)662.73K
Price to Earnings (P/E)39.6
Beta (1Y)1.80
Revenue Growth6.72%
EPS Growth32.86%
CountryIN
Employees1,271
SectorReal Estate
Sector Strength53
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.22
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)2.75
Revenue Forecast (FY)₹152.53B
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 generates revenue primarily through fees and contract income derived from managing and executing construction and redevelopment projects. (1) Project Management Consultancy (PMC): The core earnings stream is consultancy/project management fee...
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 | 128.67B | 128.89B | 121.68B | 105.00B | 87.84B | 75.92B |
| Gross Profit | 13.66B | 12.66B | 14.26B | 10.52B | 7.19B | 5.02B |
| EBITDA | 8.50B | 10.04B | 7.29B | 6.08B | 3.34B | 1.76B |
| Net Income | 6.00B | 7.20B | 5.41B | 4.02B | 2.67B | 2.24B |
Balance Sheet | ||||||
| Total Assets | 133.95B | 162.74B | 136.41B | 127.79B | 128.79B | 134.44B |
| Cash, Cash Equivalents and Short-Term Investments | 59.70B | 74.47B | 59.62B | 52.57B | 52.31B | 55.66B |
| Total Debt | 3.23M | 2.58M | 4.03M | 6.32M | 4.53M | 4.57M |
| Total Liabilities | 105.40B | 130.58B | 109.70B | 103.67B | 107.55B | 115.06B |
| Stockholders Equity | 26.71B | 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
Positive
122.65
Price Trends
94.66
Positive
94.15
Positive
102.68
Positive
Market Momentum
2.83
Negative
60.05
Neutral
42.79
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 122.65 is above the 20-day moving average (MA) of 99.49, above the 50-day MA of 94.66, and above the 200-day MA of 102.68, indicating a bullish trend. The MACD of 2.83 indicates Negative momentum. The RSI at 60.05 is Neutral, neither overbought nor oversold. The STOCH value of 42.79 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹131.83B | 19.12 | ― | 2.51% | 27.23% | 19.20% | |
66 Neutral | ₹5.57T | 34.64 | ― | 0.84% | 11.79% | 15.95% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ₹283.77B | 39.61 | ― | 0.48% | 6.72% | 32.86% | |
51 Neutral | ₹127.25B | 21.35 | ― | 1.56% | -15.69% | -18.10% | |
51 Neutral | ₹95.15B | 14.11 | ― | 1.37% | -6.20% | -17.64% | |
50 Neutral | ₹119.92B | 47.55 | ― | 0.65% | -4.78% | -50.23% |
* Real Estate Sector Average
IN:NBCC
NBCC (INDIA) LIMITED
107.30
-14.01
-11.55%
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NBCC (INDIA) LIMITED Corporate Events
NBCC Secures Rs 131 Crore Government Infrastructure Orders
May 13, 2026
NBCC (India) Limited has disclosed that it has secured new work orders in the ordinary course of business with a combined value of approximately Rs. 131.02 crore. The contracts cover project management consultancy for constructing Central Bank of ...
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.