What the business is, and whether it's a good one at a fair price.
Acts primarily as a Project Management Consultancy (PMC), managing construction projects on behalf of government clients on a deposit-work basis rather than executing them with its own crews. PMC accounted for 96.3% of FY26 segment revenue at ₹9,392.89 crore, with EBIT of ₹673.68 crore. The EPC segment — where it actually builds — contributed just 2.4% of segment revenue at ₹233.85 crore, and the Real Estate segment contributed 1.0% at ₹100.10 crore but generated ₹106.94 crore of EBIT, making it disproportionately profitable. The consolidated order book stood at ₹1,27,000 crore (standalone ₹1,12,000 crore) at the Q3 FY26 mark, of which about ₹50,000 crore of projects (J&K, MAHAPREIT, Supertech) were yet to start execution. The dominant pipeline is government asset redevelopment: the 7 GPRA Delhi colonies (Sarojini Nagar at ₹4,600 cr, Netaji Nagar at ₹2,500 cr), the Amrapali stuck housing projects, a Supreme Court-mandated takeover of Supertech's ~50,000 units (receivable ~₹16,000 cr, construction cost ~₹9,500 cr), and a freshly-settled 21.23-acre South Delhi plot at Ghitorni with ₹8,500 cr of revenue potential. Real estate income comes largely from selling commercial built-up area — for instance, an e-auction of ~7.08 lakh sq ft at Sarojini Nagar's Bharat Business Park for ~₹2,857 cr earns NBCC a 1% marketing fee. Cost structure is dominated by other operating expenses at 90.4% of revenue, with employee cost at 2.9% and depreciation at 0.1%, reflecting the asset-light consultancy model. The subsidiary HSCC (healthcare infrastructure PMC, FY26 turnover ~₹1,850 cr) is being merged into the parent with appointed date April 1, 2026, and another subsidiary HSCL continues to bag state-level PMC orders in Odisha and elsewhere. International work is nascent — a USD 75 million, 1,008-unit Seychelles housing project signed in July 2026 and a Dubai launch in March.
Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from NBCC (INDIA) LIMITED's filed financials and exchange disclosures
NBCC (INDIA) LIMITED is a Construction company listed on NSE and BSE, trading under the symbol NBCC.
Yes. Over the trailing twelve months NBCC (INDIA) LIMITED reported a net profit of ₹765 Cr on revenue of ₹12,752 Cr.
Yes. The dividend yield is 0.89% at the current price. It paid out 27% of its profit as dividend in FY26.
Effectively yes. It holds ₹3,487 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, NBCC (INDIA) LIMITED ranks 82 of 107 in Civil Construction — cheaper than 24% of them, against an industry median of 14.9×. This is a position, not a valuation judgement.
On a typical session NBCC (INDIA) LIMITED moves 1.39% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by NBCC (INDIA) LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
