NCC

NSE

BSE

SectorConstruction

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Company insights, generated from the most recent coverage.

Order book is 96% government/PSU-backed, making NCC a direct beneficiary of public capex tailwinds like Viksit Bharat 2047.
Trading at deep value after a 32% decline in one year; AA- credit rating reaffirmed and debt-equity at 0.5x signal financial stability.
Q1 FY27 revenue up 12% YoY to ₹5,842 Cr with EBITDA margin at 9.4%, signaling steady execution in construction segment.

The Quarter story

The two most recent quarterly results, compared side-by-side.

NCC Ltd shows strong operational recovery and a robust order pipeline, though rising debt levels warrant careful monitoring.

Consolidated Order Book grew from ₹70,087 Cr to ₹81,214 Cr from Q1 FY26 to Q1 FY27 — a robust pipeline secures future project flow.

Consolidated Net Debt rose from ₹2,643 Cr to ₹3,513 Cr from Q2 FY26 to Q1 FY27 — growing leverage requires careful cash management.

Consolidated EBITDA recovered from ₹393 Cr to ₹585 Cr from Q2 FY26 to Q1 FY27 — operational cash generation is strengthening.

New Order Inflow dropped from ₹12,430 Cr to ₹3,889 Cr from Q3 FY26 to Q1 FY27 — cooling bids may slow near-term pipeline expansion.

Consolidated PAT climbed from ₹122 Cr to ₹229 Cr from Q3 FY26 to Q1 FY27 — profitability is improving steadily.

Real Estate Total Debt increased from ₹124 Cr to ₹150 Cr from Q2 FY26 to Q1 FY27 — rising segment leverage needs monitoring.

Order Execution rebounded from ₹4,353 Cr to ₹5,680 Cr from Q2 FY26 to Q1 FY27 — project delivery pace has normalized.

Coal Mining Revenue rose from ₹698 Cr to ₹715 Cr from Q3 FY26 to Q1 FY27 — consistent top-line growth supports segment stability.

About the company

Nagarjuna Construction Company Limited (NCCL), established in 1978 and converted to a limited company in 1990, is an Indian construction and infrastructure enterprise. NCC operates in various sectors including buildings, transportation, water and environment, electrical transmission and distribution, irrigation, mining, and railways. The company has regional offices across India and international presence in Dubai and Muscat. NCC utilizes both conventional and innovative construction methods like the NBS Cellular System and NCC Pre Fab System. The company has expanded into property development, electrical projects, water and environment projects, and power plant construction. NCC has undertaken international projects, particularly in Oman. As of March 31, 2021, the company had 35 subsidiaries. NCC's main focus is on infrastructure projects such as industrial and commercial buildings, housing, roads, bridges, water supply, mining, power transmission, and irrigation.

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