NCC Limited has informed the Exchange about Transcript
NCC · price
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NCC Limited filed the transcript of its Q4 FY26 earnings call held on May 16, 2026. The company reported its highest-ever consolidated order book of ₹83,004 crores (up 16% YoY), with a book-to-bill ratio of ~4x, providing strong multi-year revenue visibility. However, full-year standalone revenue declined 9% to ₹17,669 crores and consolidated revenue fell 6% to ₹20,944 crores, while Q4 standalone EBITDA margin contracted to 8.44% from 9.21% in Q4 FY25. EPS dropped to ₹9.19 (FY26) from ₹12.12 (FY25). Net debt rose YoY to ₹1,667 crores (from ₹706 crores), though it declined ₹729 crores sequentially within Q4. Debt-to-equity stood at 0.30x. Notably, management declined to provide any FY27 guidance on revenue, margins, order inflows, or capex, citing macroeconomic uncertainties, and said it would revisit the decision after Q1 FY27 results.
Mixed-to-negative sentiment for shareholders: revenue decline and margin compression in FY26 raise concerns about execution and profitability, while the management's refusal to give FY27 guidance — despite multiple analyst pushes — may be viewed negatively by the market. The record order book and improved payment cycle offer some cushion, but the absence of forward visibility and rising debt levels could weigh on the stock in the near term.