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NBCCNSENBCC (India) Limited· ConstructionHighNeutral
Announced Mon, 25 May, 2026 · 13:35 IST

NBCC (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Profit growth above 25%Exceptional itemEmphasis of matterNegative operating cash flowContingent liabilities increasedEBITDA margin compressionResults View source PDFExplain this filing

NBCC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+2.2%Reaction day
₹94.75
prior close
₹96.84
announcement price
In-mkt
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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%+1.0% vs market
Civil Construction peers, median of 99sector+0.8%+1.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 1.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NBCC reported standalone revenue from operations of Rs. 9,755.31 Cr for FY2025-26, up ~11.7% from Rs. 8,730.56 Cr in FY2024-25. Net profit surged 47.7% to Rs. 703.29 Cr from Rs. 476.11 Cr. Statutory auditors issued an unmodified (clean) opinion. Key audit emphasis items include: (1) Land disputes at Naya Raipur (Rs. 20.99 Cr book value) and Faridabad (Rs. 131.78 Cr, pending environmental clearance); (2) NBCC Green View, Gurugram project with cumulative provisions/write-offs of Rs. 468.82 Cr due to structural cracks and NCDRC-ordered refunds; (3) Kochi project write-down of Rs. 8,015.53 Lakh reversed in the current year following a Supreme Court review order reversing its earlier ruling; (4) DVAT demand of Rs. 404.80 Cr set aside by tribunal and remanded for recalculation. Q4 revenue stood at Rs. 3,913.75 Cr. Operating cash flow turned negative at Rs. -250.94 Cr (vs +Rs. 1,048.64 Cr in prior year), driven by large increases in trade receivables and inventory build-up. Board recommended a final dividend of Rs. 0.46 per share (vs Rs. 0.14 prior year). DIPAM has given no-objection for merger of subsidiary HSCC (India) Limited into NBCC.

Likely market impact

Strong profit growth of 47.7% YoY with 3x dividend increase signals management confidence; however, negative operating cash flow despite higher profitability is a red flag, indicating working capital stress. Multiple legal disputes and contingent liabilities (especially Gurugram Rs. 468 Cr+ and DVAT Rs. 404 Cr) keep risk elevated. Clean audit opinion provides comfort on financial statement accuracy.