Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹10.76 (vs ₹13.06 in FY 2025) Full year 2026 results: EPS: ₹10.76 (down from ₹13.06 in FY 2025). Revenue: ₹209.4b (down 5.7% from FY 2025). Net income: ₹6.75b (down 18% from FY 2025). Profit margin: 3.2% (down from 3.7% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 16
NCC Limited announces Annual dividend, payable on September 26, 2026 NCC Limited announced Annual dividend of INR 2.2000 per share payable on September 26, 2026, ex-date on August 14, 2026 and record date on August 14, 2026. Annonce • May 15
NCC Limited, Annual General Meeting, Aug 27, 2026 NCC Limited, Annual General Meeting, Aug 27, 2026. Annonce • May 04
NCC Limited to Report Q4, 2026 Results on May 15, 2026 NCC Limited announced that they will report Q4, 2026 results on May 15, 2026 Buy Or Sell Opportunity • Apr 10
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to ₹153. The fair value is estimated to be ₹123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.7%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Price Target Changed • Feb 10
Price target decreased by 10% to ₹212 Down from ₹236, the current price target is an average from 12 analysts. New target price is 34% above last closing price of ₹158. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹9.43 for next year compared to ₹13.06 last year. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹1.95 (vs ₹3.08 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.95 (down from ₹3.08 in 3Q 2025). Revenue: ₹49.0b (down 8.3% from 3Q 2025). Net income: ₹1.22b (down 37% from 3Q 2025). Profit margin: 2.5% (down from 3.6% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 20
NCC Limited to Report Q3, 2026 Results on Feb 05, 2026 NCC Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Buy Or Sell Opportunity • Jan 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to ₹149. The fair value is estimated to be ₹191, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Buy Or Sell Opportunity • Dec 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to ₹153. The fair value is estimated to be ₹192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Price Target Changed • Nov 20
Price target decreased by 8.4% to ₹243 Down from ₹266, the current price target is an average from 13 analysts. New target price is 36% above last closing price of ₹179. Stock is down 34% over the past year. The company is forecast to post earnings per share of ₹12.29 for next year compared to ₹13.06 last year. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹2.46 (vs ₹2.60 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.46 (down from ₹2.60 in 2Q 2025). Revenue: ₹45.9b (down 12% from 2Q 2025). Net income: ₹1.55b (down 5.1% from 2Q 2025). Profit margin: 3.4% (up from 3.1% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 27
NCC Limited to Report Q2, 2026 Results on Nov 06, 2025 NCC Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Upcoming Dividend • Aug 07
Upcoming dividend of ₹2.20 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 03
Full year 2025 earnings released: EPS: ₹13.06 (vs ₹11.32 in FY 2024) Full year 2025 results: EPS: ₹13.06 (up from ₹11.32 in FY 2024). Revenue: ₹222.0b (up 6.5% from FY 2024). Net income: ₹8.20b (up 15% from FY 2024). Profit margin: 3.7% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 02
NCC Limited announces Annual dividend, payable on September 28, 2025 NCC Limited announced Annual dividend of INR 2.2000 per share payable on September 28, 2025, ex-date on August 14, 2025 and record date on August 14, 2025. Annonce • Jul 25
NCC Limited to Report Q1, 2026 Results on Aug 05, 2025 NCC Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Price Target Changed • Jun 11
Price target decreased by 7.8% to ₹274 Down from ₹297, the current price target is an average from 12 analysts. New target price is 15% above last closing price of ₹238. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₹14.49 for next year compared to ₹13.06 last year. Annonce • May 16
NCC Limited, Annual General Meeting, Aug 29, 2025 NCC Limited, Annual General Meeting, Aug 29, 2025. Reported Earnings • May 16
Full year 2025 earnings released: EPS: ₹13.06 (vs ₹11.32 in FY 2024) Full year 2025 results: EPS: ₹13.06 (up from ₹11.32 in FY 2024). Revenue: ₹223.5b (up 7.2% from FY 2024). Net income: ₹8.20b (up 15% from FY 2024). Profit margin: 3.7% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 01
NCC Limited to Report Q4, 2025 Results on May 15, 2025 NCC Limited announced that they will report Q4, 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹198, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Construction industry in India. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹116 per share. New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Price Target Changed • Feb 08
Price target decreased by 13% to ₹317 Down from ₹365, the current price target is an average from 12 analysts. New target price is 53% above last closing price of ₹207. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of ₹12.60 for next year compared to ₹11.32 last year. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹3.08 (vs ₹3.51 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.08 (down from ₹3.51 in 3Q 2024). Revenue: ₹53.8b (up 2.3% from 3Q 2024). Net income: ₹1.93b (down 12% from 3Q 2024). Profit margin: 3.6% (down from 4.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 28
NCC Limited to Report Q3, 2025 Results on Feb 06, 2025 NCC Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹2.60 (vs ₹1.23 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.60 (up from ₹1.23 in 2Q 2024). Revenue: ₹52.2b (up 11% from 2Q 2024). Net income: ₹1.63b (up 111% from 2Q 2024). Profit margin: 3.1% (up from 1.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 28
NCC Limited to Report Q2, 2025 Results on Nov 07, 2024 NCC Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Annonce • Sep 14
NCC Limited Approves Declaration of Dividend for the Fiscal Year 2023-24 NCC Limited approved declaration of dividend for the fiscal year 2023-24 @ INR 2.20 per share, at the AGM to be held on September 14, 2024. Upcoming Dividend • Aug 23
Upcoming dividend of ₹2.20 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.6%). Annonce • Aug 19
NCC Limited, Annual General Meeting, Sep 14, 2024 NCC Limited, Annual General Meeting, Sep 14, 2024, at 15:00 Indian Standard Time. Price Target Changed • Aug 07
Price target increased by 8.8% to ₹336 Up from ₹309, the current price target is an average from 13 analysts. New target price is 5.2% above last closing price of ₹319. Stock is up 108% over the past year. The company is forecast to post earnings per share of ₹16.08 for next year compared to ₹11.32 last year. Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: ₹3.34 (vs ₹2.76 in 1Q 2024) First quarter 2025 results: EPS: ₹3.34 (up from ₹2.76 in 1Q 2024). Revenue: ₹55.3b (up 26% from 1Q 2024). Net income: ₹2.10b (up 21% from 1Q 2024). Profit margin: 3.8% (down from 4.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 24
NCC Limited to Report Q1, 2025 Results on Aug 06, 2024 NCC Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Annonce • May 16
NCC Limited Recommends Dividend for the Financial Year 2023-2024 The Board of Directors of NCC Limited at its meeting held on May 15, 2024 has recommended payment of Dividend of INR 2.20 (110%) per Equity share of the face value of INR 2/- each, for the Financial year 2023-2024 for the consideration and the approval of the Members at the upcoming Annual General Meeting. Reported Earnings • May 16
Full year 2024 earnings released: EPS: ₹11.32 (vs ₹9.77 in FY 2023) Full year 2024 results: EPS: ₹11.32 (up from ₹9.77 in FY 2023). Revenue: ₹209.7b (up 35% from FY 2023). Net income: ₹7.11b (up 17% from FY 2023). Profit margin: 3.4% (down from 3.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 16
Ncc Limited Appoints Approves Appointment of Sri Rajender Mohan Malla as an Additional Director NCC Limited informed that the Board of Directors of the Company at its meeting has inter-alia considered and approved the Appointment of Sri Rajender Mohan Malla (DIN- 00136657) as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company with effect from July 1, 2024. The details of the aforesaid appointee as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are furnished in the Annexure A forming part of this letter. Sri Rajender Mohan Malla (71 Years) holds a Post Graduate Degree in Business Administration (MBA) from the Faculty of Management Studies, University ofDelhi, a Post Graduate Diploma in Business Management (PGDBM) from MDI Gurgaon and is a Certified Associate of Indian Institute of Bankers (CAIIB). He was the Former CMD of IDBI Bank, CMD of SIDBI and CEO of IFCI & MD and CEO of PTC India Financial Services Ltd. He is on the Board of several leading companies.,Appointed up to period of 14th May, 2028 and he shall not be liable to retire by rotation. Reason for change: Appointment . Disclosure of relationships between directors "Not related to any other director or Key Managerial Personnel. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹273, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹294 per share. Buy Or Sell Opportunity • Mar 28
Now 21% undervalued Over the last 90 days, the stock has risen 39% to ₹232. The fair value is estimated to be ₹295, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹211, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Construction industry in India. Total returns to shareholders of 160% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹296 per share. Buy Or Sell Opportunity • Mar 12
Now 20% undervalued Over the last 90 days, the stock has risen 37% to ₹236. The fair value is estimated to be ₹297, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Price Target Changed • Feb 09
Price target increased by 11% to ₹214 Up from ₹192, the current price target is an average from 12 analysts. New target price is 5.2% below last closing price of ₹225. Stock is up 140% over the past year. The company is forecast to post earnings per share of ₹12.53 for next year compared to ₹9.77 last year. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹3.51 (vs ₹2.54 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.51 (up from ₹2.54 in 3Q 2023). Revenue: ₹52.6b (up 37% from 3Q 2023). Net income: ₹2.21b (up 40% from 3Q 2023). Profit margin: 4.2% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 09
NCC Limited Announces Executive Changes NCC Limited announced the appointment of Sri Ramesh Kailasam (DIN-07648920) as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company. Appointment of Smt Uma Shankar (DIN-07165728) as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company. Approval of Notice of Postal Ballot seeking the consent of the Shareholders for the appointment of Sri Ramesh Kailasam and Smt Uma Shankar as Independent Directors. Sri Ramesh Kailasam (49 Years) is a Chartered Accountant and Cost Accountant with over 20 years of Experience in Industry & Government. Core strengths in Leadership, Strategy formulation/implementation, building business,coalitions, Policy, Advocacy, Government relations, Crisis management, Business Development. Part of various Government and industry committees on ICT, Education, Health, Governance, Policy, Security, Energy etc. Buy Or Sell Opportunity • Jan 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to ₹204. The fair value is estimated to be ₹169, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 9 highly experienced directors. Non-Executive Independent Director Om Jagetiya was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹1.23 (vs ₹2.08 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.23 (down from ₹2.08 in 2Q 2023). Revenue: ₹47.5b (up 41% from 2Q 2023). Net income: ₹773.4m (down 41% from 2Q 2023). Profit margin: 1.6% (down from 3.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 18
Upcoming dividend of ₹2.20 per share at 1.4% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 30 September 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.9%). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹2.76 (vs ₹2.13 in 1Q 2023) First quarter 2024 results: EPS: ₹2.76 (up from ₹2.13 in 1Q 2023). Revenue: ₹44.1b (up 33% from 1Q 2023). Net income: ₹1.74b (up 34% from 1Q 2023). Profit margin: 3.9% (in line with 1Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 01
NCC Limited to Report Q1, 2024 Results on Aug 10, 2023 NCC Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Price Target Changed • May 30
Price target increased by 12% to ₹135 Up from ₹121, the current price target is an average from 10 analysts. New target price is 18% above last closing price of ₹115. Stock is up 78% over the past year. The company is forecast to post earnings per share of ₹11.38 for next year compared to ₹9.77 last year. Annonce • May 28
NCC Limited, Annual General Meeting, Sep 08, 2023 NCC Limited, Annual General Meeting, Sep 08, 2023. Agenda: To consider approval of dividend. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹9.77 (vs ₹7.91 in FY 2022) Full year 2023 results: EPS: ₹9.77 (up from ₹7.91 in FY 2022). Revenue: ₹157.0b (up 41% from FY 2022). Net income: ₹6.09b (up 26% from FY 2022). Profit margin: 3.9% (down from 4.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • May 15
Now 22% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be ₹147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 25%. Buying Opportunity • Apr 27
Now 22% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be ₹148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 25%. Buying Opportunity • Apr 27
Now 22% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be ₹148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 25%. Price Target Changed • Feb 10
Price target increased by 9.1% to ₹107 Up from ₹98.33, the current price target is an average from 8 analysts. New target price is 14% above last closing price of ₹93.80. Stock is up 33% over the past year. The company posted earnings per share of ₹7.91 last year.