Arthneeti

NCC Q1 FY27 Share Price & Earnings Call Analysis

₹118.11+1.28% today
Market cap
₹7,395 Cr
P/E
10.23
ROE
9.19%
PEG
1.72
Price to sales
0.35
Debt to equity
0.44
52W high / low
₹214 / ₹115
Sales growth (5Y)
21.24%
EBITDA margin
8.97%
Net profit margin
3.59%
Promoter holding
23.19%
Sales (last year)
₹21,456 Cr

Incorporated in 1978, NCC Limited undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis[1]

Guidance scorecard · Q1 FY27 call

What NCC Ltd's management guided
and where it ranks in Construction

#56of 58 in
Construction
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • NCC Limited has provided FY '27 guidance with revenue growth expected between 8% to 10%.
  • The company reported a 12% growth in turnover in Q1 FY '27 compared to the previous year.
  • The order book as of June 30, 2026, stands strong at INR 81,214 crores, supporting multi-year revenue visibility with a book-to-bill ratio of about 3.5x.
  • New order inflows for FY '27 are guided between INR 22,000 to INR 25,000 crores.
  • Execution and revenue growth are subject to client fund availability, approvals, and site conditions; these factors contribute to uncertainty.

2 more points from NCC Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what NCC Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • CAPEX guidance for FY '27 remains at INR 500 crores.
  • CAPEX incurred in Q1 FY '27 stood at INR 170 crores.
  • Equipment loans of about INR 160-170 crores raised at the HoldCo level to meet CAPEX requirements.

2 more points from NCC Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what NCC Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • As of June 30, 2026, NCC Limited's order book stands at INR 81,214 crores.
  • Beginning of the year order book was INR 83,004 crores.
  • Orders received in the current quarter: INR 3,889 crores.
  • Order book breakdown: Standalone INR 71,312 crores; subsidiaries INR 9,902 crores.
  • Orders received in the current quarter (INR 3,889 crores) will begin contributing to turnover from Q3 FY '27 due to mobilization time.
  • Orders span execution periods from 2 to 7 years, with some mining orders lasting up to 7 years.

2 more points from NCC Ltd's call on the order book

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Full Q1 FY27 analysis
Full Construction ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Construction
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does NCC Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Construction companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,531 Cr11.7
240%+Flat₹1,089 Cr9.3
340%+Flat₹898 Cr7.6
440%+Flat₹807 Cr14.7
540%+Flat₹554 Cr13.1
640%+Flat₹516 Cr30.7

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Pro shows every company guiding 40%+ revenue growth →Full Construction ranking

NCC Ltd announcements

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Financials of NCC Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of NCC Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +4,9494,3804,7205,2606,4855,5285,1965,3456,1315,1794,5434,8686,233
Expenses +4,4843,9714,4164,7555,9345,0504,7534,9045,5764,7234,1504,4325,682
Operating Profit465409304505551478443441555456393436550
OPM %9%9%6%10%8%9%9%8%9%9%9%9%9%
Other Income +2428282913312948583144021
Interest143132153156153155167166193164172196213
Depreciation53535353525455545455575965
Profit before tax293252125325358300250270367268209182294
Tax %31%27%31%29%33%26%30%24%28%24%20%26%26%
Net Profit +20318486231239223175206265205167135217
EPS in Rs3.042.761.233.513.813.342.603.084.043.062.461.953.28

Financials of NCC Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +9,5139,5279,0018,39112,8968,9017,94911,13815,55320,84522,19920,823
Expenses +8,5138,5408,3267,51811,3037,8247,03010,11014,09419,07620,28118,987
Operating Profit1,0009876758731,5921,0779191,0281,4591,7691,9181,836
OPM %11%10%8%10%12%12%12%9%9%8%9%9%
Other Income +1277187-2317631052721449916596
Interest737643513460522554480478515595680745
Depreciation277248203172193199181187203212216235
Profit before tax113167462198943873636358851,0611,187952
Tax %45%51%82%37%37%19%22%22%27%30%27%24%
Net Profit +48828139568314283494646740868724
EPS in Rs0.972.170.572.819.635.524.407.919.7011.3213.0610.76
Dividend Payout %41%28%70%36%16%4%18%25%23%19%17%20%

Financials of NCC Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111120120122122122126126126126
Reserves3,2913,2813,3363,9624,4754,7845,0495,4816,0416,5147,1987,743
Borrowings +3,3903,2082,5722,0612,6912,1812,0621,3029749801,5943,457
Other Liabilities +5,7535,7215,0906,2657,3746,7246,3077,5539,40910,47512,08314,680
Total Liabilities12,54512,32111,10912,40814,66013,81213,54014,45816,55018,09521,00026,006
Fixed Assets +2,4461,6741,0991,1581,5511,4131,4171,4431,5031,5651,6502,056
CWIP1181231315227224137351
Investments1,1331,128729619475448440346352155148153
Other Assets +8,9559,5109,28110,60812,62111,93511,66112,66214,67316,33419,16523,446
Total Assets12,54512,32111,10912,40814,66013,81213,54014,45816,55018,09521,00026,006

Financials of NCC Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +8673953145866739318421,4161,1001,359742-459
Cash from Investing Activity +-95193376-188-61911-207-66-192-319-59-766
Cash from Financing Activity +-643-551-818-45389-1,047-558-1,275-893-771-247878
Net Cash Flow12937-129-56143-105777516270436-346
Free Cash Flow7561201623142348797021,2488771,109477-1,401
CFO/OP91%50%53%82%57%100%94%156%96%98%45%-7%

Financials of NCC Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days64141167216971121268375555566
Inventory Days2182652903381031661801171028785102
Days Payable175301335428328491565447393325384329
Cash Conversion Cycle107105122126-127-213-258-246-217-184-244-161
Working Capital Days29416891121901078162454881
ROCE %12%12%8%12%21%13%11%12%19%22%22%17%

Guidance history

How NCC Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned——
Q4 FY26 call →—Down 0–2%PlannedPlannedRising
Q3 FY26 call →10–20%FlatPlannedPlannedRising
Q2 FY26 call →Decline—Planned—Flat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

6out of 100

Momentum score · price trend

6 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−44.8%8%
Last 6 months−27.9%9%
Last 3 months−16.2%26%

The price is 65.7% below its all-time high of ₹344.15 (2 Aug 2024). Stocks more than 20% below their peak have their score halved, so 12 became 6.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For NCC Ltd: 0.4 × 8 + 0.4 × 9 + 0.2 × 26 = 12, halved to 6 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What NCC Ltd's management said in earlier quarters

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