NCC Limited (IN:NCC)
:NCC
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NCC Limited
(NCC)
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Rating:64Neutral
Price Target:
₹147.00
▼(-8.95% Downside)
Action:DowngradedDate:11/11/25
NCC Limited's strong financial performance is the most significant factor, supported by consistent revenue growth and solid cash flow. However, bearish technical indicators and a reasonable valuation suggest caution. The lack of recent earnings call data or corporate events limits additional insights.
Positive Factors
Revenue & Profit Growth
Sustained multi-year revenue expansion and improving net margins indicate the business is scaling across segments. Such durable top-line growth supports economies of scale, enhances bidding credibility for large EPC projects, and underpins long-term profitability and reinvestment capacity.
Negative Factors
Near-term Revenue/EPS Weakness
Recent negative revenue and EPS growth metrics point to short-to-medium term softness in project flows or execution timing. For an EPC firm this can signal delayed billings or project slowdowns that could compress margins and working-capital cycles, stressing cash conversion if prolonged.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profit Growth
Sustained multi-year revenue expansion and improving net margins indicate the business is scaling across segments. Such durable top-line growth supports economies of scale, enhances bidding credibility for large EPC projects, and underpins long-term profitability and reinvestment capacity.
Read all positive factors
NCC Limited (NCC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹86.08B
Dividend Yield1.37%
Average Volume (3M)144.16K
Price to Earnings (P/E)20.6
Beta (1Y)1.51
Revenue Growth-5.66%
EPS Growth-4.66%
CountryIN
Employees6,586
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.80
Shares Outstanding627,846,560
10 Day Avg. Volume128,816
30 Day Avg. Volume144,160
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)1.83
Price to Sales (P/S)0.60
P/FCF Ratio31.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹180.00Price Target Upside11.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.84
Revenue Forecast (FY)₹177.85B
NCC Limited Business Overview & Revenue Model
Company Description
NCC Limited engages in the construction business in India and internationally. The company constructs industrial and commercial buildings, housing projects, IT parks, shopping malls, sports complexes, and hospitals, as well as stadia; and roads, h...
How the Company Makes Money
NCC primarily makes money by executing construction and infrastructure projects under contract for customers, with revenue recognized based on progress/performance on those contracts (i.e., as work is completed) rather than only at final delivery....
NCC Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 211.97B | 221.99B | 208.45B | 155.53B | 111.38B | 79.49B |
| Gross Profit | 30.81B | 33.86B | 29.95B | 25.46B | 18.99B | 16.19B |
| EBITDA | 18.85B | 19.15B | 17.69B | 14.59B | 10.28B | 9.19B |
| Net Income | 7.94B | 8.20B | 7.11B | 6.09B | 4.82B | 2.68B |
Balance Sheet | ||||||
| Total Assets | 234.40B | 210.06B | 180.97B | 165.50B | 144.58B | 135.40B |
| Cash, Cash Equivalents and Short-Term Investments | 7.68B | 10.08B | 6.28B | 3.29B | 3.00B | 3.46B |
| Total Debt | 29.23B | 15.94B | 9.80B | 9.74B | 13.02B | 20.62B |
| Total Liabilities | 157.27B | 135.04B | 112.86B | 100.65B | 85.62B | 80.70B |
| Stockholders Equity | 75.34B | 73.24B | 66.40B | 61.67B | 56.03B | 51.71B |
Cash Flow | ||||||
| Free Cash Flow | -15.39B | 4.22B | 10.74B | 7.53B | 11.97B | 6.32B |
| Operating Cash Flow | -13.43B | 7.42B | 13.59B | 11.00B | 14.16B | 8.24B |
| Investing Cash Flow | -2.47B | -585.50M | -3.19B | -1.92B | -660.40M | -1.89B |
| Financing Cash Flow | 8.13B | -2.47B | -7.71B | -8.93B | -12.75B | -5.58B |
NCC Limited Technical Analysis
Negative
161.45
Price Trends
147.36
Negative
158.95
Negative
187.78
Negative
Market Momentum
-3.30
Positive
41.06
Neutral
36.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NCC, the sentiment is Negative. The current price of 161.45 is above the 20-day moving average (MA) of 143.58, above the 50-day MA of 147.36, and below the 200-day MA of 187.78, indicating a bearish trend. The MACD of -3.30 indicates Positive momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 36.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NCC.
NCC Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹86.92B | 25.50 | ― | 0.18% | 196.22% | 71.39% | |
69 Neutral | ₹118.85B | 10.37 | ― | 1.18% | -13.69% | -30.57% | |
67 Neutral | ₹115.81B | 23.48 | ― | 0.62% | 64.80% | 151.92% | |
64 Neutral | ₹86.08B | 20.56 | ― | 1.37% | -5.66% | -4.66% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹106.90B | 64.48 | ― | ― | 5.09% | 458.10% |
* Basic Materials Sector Average
IN:NCC
NCC Limited
137.10
-70.33
-33.91%
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185.85
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-30.55%
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299.30
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-2.84%
IN:PARADEEP
Paradeep Phosphates Ltd.
111.55
8.73
8.49%
IN:SANDUMA
Sandur Manganese & Iron Ores Ltd
178.80
32.55
22.26%
NCC Limited Corporate Events
Delhi High Court Puts NHAI Debarment of NCC in Abeyance
Feb 21, 2026
NCC Limited has informed the stock exchanges that the Delhi High Court has granted interim relief in relation to a debarment order issued by the National Highways Authority of India. The court has directed that the NHAI debarment remain in abeyanc...
NCC Limited Confirms SEBI Compliance on Share Dematerialisation for Q3 FY2025-26
Jan 5, 2026
NCC Limited has disclosed that its registrar and transfer agent, KFin Technologies Limited, has certified compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025, cover...
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.