This data-driven review of NCC Ltd. (NCC) covers financial performance, valuation, and shareholding trends.
NCC Revenue Trend
NCC Ltd.'s top line fell 6.2% to ₹20,823 Cr in FY2026.
Revenue compounded at 8.1% over 10 years, a rate that won't turn heads but points to a fairly stable business.
With a ₹20,823 Cr revenue base, NCC Ltd. ranks among the major names in the Indian construction sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹20,823 Cr | -6.2% |
| FY2025 | ₹22,199 Cr | +6.5% |
| FY2024 | ₹20,845 Cr | +34.0% |
| FY2023 | ₹15,553 Cr | +39.6% |
| FY2022 | ₹11,138 Cr | — |
View NCC Ltd.'s full 10-year revenue trend with CAGR analysis →
NCC Profitability
Net income fell 16.6% to ₹724 Cr in FY2026, a sign profitability came under pressure.
The net margin held at 3.5% in FY2026, pointing to a fairly stable cost structure.
Earnings per share slipped to ₹10.76 in FY2026, down from ₹13.06 in FY2025.
Is NCC Undervalued
Shares of NCC Ltd. currently trade at ₹144.42.
Craytheon calculates intrinsic value using the P/E Ratio and EPS Growth models. Both appear in the Valuation Models cards below.
Valuation Models
NCC Shareholding Pattern
Promoters raised their stake from 22.1% to 23.1% over the past 4 quarters.
FII ownership sits at 11.3%, down from 12.9% a year earlier.
Domestic institutions lifted their stake to 17.9% from 16.6% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 23.1% | 11.3% | 17.9% | 47.7% |
| Mar 2026 | 22.8% | 12.1% | 16.4% | 48.7% |
| Dec 2025 | 22.2% | 11.5% | 15.3% | 51.0% |
| Sep 2025 | 22.1% | 12.9% | 16.6% | 48.4% |
Track quarterly shareholding changes for NCC Ltd. →
NCC Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹260.06B at the end of FY2026, up 23.8% from ₹210.06B a year earlier.
Other Assets is the largest block at 64.8%, followed by Receivables at 14.5% and Inventories at 9.4%.
Equity makes up 30.9% of liabilities and equity, with debt at 13.3% and operating liabilities at 55.8%. Over the year, debt is up 116.9% and equity is up 7.0%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 6.44B |
| Receivables | 37.84B |
| Inventories | 24.45B |
| Property, Plant & Equipment | 21.09B |
| Investments | 1.51B |
| Intangibles & Goodwill | 173.90M |
| Other Assets | 168.56B |
| Category | Value |
|---|---|
| Equity | 80.29B |
| Short-term Debt | 19.64B |
| Long-term Debt | 14.93B |
| Trade Payables | 78.96B |
| Other Liabilities | 66.24B |
NCC Investment Snapshot
Taken together, NCC Ltd. (NCC) presents the following picture for fundamental analysts.
Revenue came in at ₹20,823 Cr in FY2026, down 6.2% year-over-year.
Over 10 years, revenue growth has compounded at 8.1% annually.
Profitability remains intact, with a 3.5% net margin and net income of ₹724 Cr.
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