NBCC (India) Ltd Q3 FY26 Earnings Analysis
Published 16 Aug 2026 | Construction | Market Cap: ₹25.9K Cr
Price
₹89.2
Market Cap
₹25.9K Cr
P/E Ratio
39.2
Revenue Rank
Margin Rank
Earnings Summary
FY26 revenue forecast is around INR 14,000 crores with EBITDA margins of 5-6% and PAT margins of 6-7%. For FY26, NBCC expects a PAT of INR 700-800 crores, with turnover around INR 14,000 crores and EBITDA margins of 5-6% (Page 36, 20).
📊 Revenue & Sales Performance
Rank 2- →FY26 revenue forecast is around INR 14,000 crores with EBITDA margins of 5-6% and PAT margins of 6-7%.
- →PAT expected for FY26: INR 700-800 crores.
- →FY27 revenue target is conservative INR 16,000 to 18,000 crores with PAT around INR 1,000 to 1,200 crores.
- →Large projects like Supertech (INR 10,000 crores top line), Rajasthan Mandapam, J&K, Mumbai Port Trust expected to boost FY27-28 order book and execution.
- →FY28 bottom line conservatively projected at INR 2,000 crores, potentially doubling in FY29 with real estate projects (Ghitorni, 37D).
- →Order inflow for FY26 expected to reach INR 20,000 crores minimum, possibly higher if Delhi redevelopment projects are awarded.
- →Anticipated execution phase for INR 40,000-50,000 crores worth projects in FY27.
- →Strategic MoUs with foreign governments (Australia, Seychelles) may drive future international revenue.
📈 Profitability & Margins
Rank 3- →For FY26, NBCC expects a PAT of INR 700-800 crores, with turnover around INR 14,000 crores and EBITDA margins of 5-6% (Page 36, 20).
- →FY27 projections include revenues of INR 16,000-18,000 crores and PAT of INR 1,000-1,200 crores (Page 8, 21; Page 11).
- →By FY28-FY29, NBCC aims for a PAT of INR 2,000 crores, driven mainly by real estate projects like Ghitorni and 37D, which will realize profits upon possession and handover (Page 15, 28).
- →Real estate projects contribute higher profit margins post-possession; PMC projects provide steady revenue and profit earlier (Page 28).
- →Order inflows are expected to remain strong, with targets around INR 20,000 crores annually and potential large redevelopment projects in Delhi adding to the pipeline (Page 20, 33).
- →Strategic international MoUs may contribute to future revenues, targeting projects in Australia and Seychelles (Page 16).
🏗️ Capital Expenditure Plans
Yes💰 Fundraising & Capital Structure
Yes📋 Order Book & Pipeline
Yes- →Consolidated order book stands at approximately INR 1,26,000 crores (includes Supertech project).
- →Standalone order book split: ~40% PMC (around INR 45,000 crores), ~60% redevelopment (around INR 67,000 crores).
- →Ongoing projects value approximately INR 30,500 crores (NBCC standalone INR 26,000 crore, HSCL INR 2,300 crore, HSCC INR 2,072 crore, NSL INR 250 crore).
- →Expected new awards next financial year: minimum INR 20,000 crores (including Supertech, Rajasthan Mandapam, J&K projects).
- →Pending order book in Sarojini Nagar: approx. INR 4,000 crores; Netaji Nagar: INR 1,400-1,600 crores; 7 GPRA projects expected to complete in 2 years.
- →J&K project issues near resolution and tendering soon.
- →Mumbai Port Trust project valued around INR 10,000-10,500 crores in pipeline, not yet included in order book.
- →Delhi redevelopment project expected to add INR 30,000-40,000 crores order book, potential start within 6-8 months after award.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were NBCC (India) Ltd Q3 FY26 results?
FY26 revenue forecast is around INR 14,000 crores with EBITDA margins of 5-6% and PAT margins of 6-7%. For FY26, NBCC expects a PAT of INR 700-800 crores, with turnover around INR 14,000 crores and EBITDA margins of 5-6% (Page 36, 20).
What is NBCC (India) Ltd share price analysis?
NBCC (India) Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 39.2 with a market cap of ₹25,920 Cr. Investors should review the full earnings analysis for detailed insights.
Is NBCC (India) Ltd planning capital expenditure?
NBCC is strategically investing in real estate projects like the Ghitorni project (~₹8,500 crore revenue potential) expected to create long-term value. - The company is adopting new construction technologies, including Mivan shuttering and pre-cast technology, to reduce dust and improve efficiency. - NBCC plans to invest in the Supertech project with a top line of around ₹10,000 crore and a bottom line of ₹800-900 crore, with completion in phases over 12 to 36 months. - There is a recent acquisition of a land parcel in Dubai International City (~14,760 sq.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.