NCC (500294) Stock Overview
Operates in the construction business in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
500294 Community Fair Values
Create NarrativeSee what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
CE
Ceazar
Community ContributorCA$5.25FV • 1.3% overvalued intrinsic discount
30989.3%Revenue growth p.a.
770
4
0
18
Price History & Performance
Recent News & Updates
500294: Recent Water Division Orders Will Support Future Upside
Analysts have kept NCC's fair value estimate stable around ₹211.69, with only marginal tweaks to the discount rate, revenue growth, profit margin and forward P/E inputs. This has led to a largely unchanged price target grounded in updated risk and earnings assumptions.500294: Recent Water And Infrastructure Orders Will Support Future Upside
Analysts have maintained their fair value estimate for NCC at around ₹211.69 per share, with only marginal adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions shaping the updated price target narrative. What's in the News NCC received one order in February 2026 valued at ₹3,260.6 million, excluding GST, for its Water Division.500294: Water And Infrastructure Orders Will Support Future Upside
Analysts have maintained their fair value estimate for NCC at ₹211.69 per share, making only minor adjustments to inputs such as a slightly higher discount rate and a marginally revised future P/E assumption. This reflects a broadly unchanged view of the stock's risk and earnings profile.500294: Water Division Orders Will Drive Future Upside
Analysts now place NCC's fair value price target at ₹211.69, up from ₹209.83, reflecting slightly lower assumed risk and a marginally higher future P/E multiple in their updated models. What's in the News NCC reported a single order in February 2026, valued at ₹3,260.6 million (excluding GST), for its Water Division.500294: Medical College Contract And Water Orders Will Drive Future Upside
Analysts have trimmed their fair value estimate for NCC from ₹228.00 to about ₹209.83, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News NCC received five orders in January 2026 totaling ₹24,568.9 million, with ₹19,222.6 million for the Water Division, ₹2,900.2 million for the Transportation Division, and ₹2,446.1 million for the Electrical Division (client announcement).Recent updates
500294: Recent Water Division Orders Will Support Future Upside
Analysts have kept NCC's fair value estimate stable around ₹211.69, with only marginal tweaks to the discount rate, revenue growth, profit margin and forward P/E inputs. This has led to a largely unchanged price target grounded in updated risk and earnings assumptions.500294: Recent Water And Infrastructure Orders Will Support Future Upside
Analysts have maintained their fair value estimate for NCC at around ₹211.69 per share, with only marginal adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions shaping the updated price target narrative. What's in the News NCC received one order in February 2026 valued at ₹3,260.6 million, excluding GST, for its Water Division.500294: Water And Infrastructure Orders Will Support Future Upside
Analysts have maintained their fair value estimate for NCC at ₹211.69 per share, making only minor adjustments to inputs such as a slightly higher discount rate and a marginally revised future P/E assumption. This reflects a broadly unchanged view of the stock's risk and earnings profile.500294: Water Division Orders Will Drive Future Upside
Analysts now place NCC's fair value price target at ₹211.69, up from ₹209.83, reflecting slightly lower assumed risk and a marginally higher future P/E multiple in their updated models. What's in the News NCC reported a single order in February 2026, valued at ₹3,260.6 million (excluding GST), for its Water Division.500294: Medical College Contract And Water Orders Will Drive Future Upside
Analysts have trimmed their fair value estimate for NCC from ₹228.00 to about ₹209.83, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News NCC received five orders in January 2026 totaling ₹24,568.9 million, with ₹19,222.6 million for the Water Division, ₹2,900.2 million for the Transportation Division, and ₹2,446.1 million for the Electrical Division (client announcement).
Order Book Strength And Smart Meter Projects Will Support Fairly Valued Outlook
Catalysts About NCC NCC Limited is an Indian construction and engineering company with a diversified order book across buildings, transportation, electrical transmission and distribution, mining, water, railways and irrigation projects. What are the underlying business or industry changes driving this perspective?500294: Medical College And Water Orders Will Support Future Performance
Analysts have reduced their price target on NCC from $235.67 to $228.00. This reflects updated assumptions around discount rates, revenue growth, margins and future P/E that they see as better aligned with current conditions.
Large Order Book And Escalation Clauses Will Support Multi Year Infrastructure Upside
Catalysts About NCC NCC is a diversified construction and infrastructure company with operations across buildings, transportation, electrical T&D, mining, water, railways and irrigation. What are the underlying business or industry changes driving this perspective?500294: Medical College Expansion Orders Will Support Future Performance
Analysts have made a small upward adjustment to their price target for NCC to approximately $235.67. This reflects slightly updated views on fair value, required return, revenue growth, profit margins and future P/E assumptions.500294: Medical And Mining Orders Will Drive Future Performance
Analysts have reduced their price target for NCC from $240.85 to $235.38, reflecting minor updates to assumptions on the discount rate, revenue growth, profit margin, and future P/E ratio. What's in the News Cambi and NCC signed a Letter of Intent for a medium construction contract at the Malad wastewater treatment plant in Mumbai, involving thermal hydrolysis technology to modernise sludge processing and support biogas production, with THP system delivery to site scheduled for 2027 (Client Announcements).500294: Major Medical And Mining Contracts Will Drive Future Performance
Narrative Update on Analyst Price Target for NCC Analysts have modestly adjusted their price target for NCC to 240.85, reflecting a slightly lower discount rate and future P/E assumptions that indicate marginally improved perceived risk and valuation efficiency. What's in the News NCC received a Letter of Acceptance from the Public Works (Health and Education) Department, Assam, for the expansion and modernization of Gauhati Medical College and Hospital in Guwahati.500294: New Infrastructure And Mining Orders Will Drive Performance Ahead
Analysts have nudged their price target on NCC slightly higher to approximately $241 per share, reflecting modestly increased discount rate assumptions alongside broadly unchanged views on the company’s long term growth, margins, and valuation multiples. What's in the News Secured a Letter of Acceptance from Assam Public Works (Health and Education) Department for expansion and modernization of Gauhati Medical College and Hospital in Guwahati, with a contract value of about INR 20,627.1 million and an execution timeline of 42 months plus 5 years of O and M for civil and services (Key Developments) Won four additional orders in October 2025 totaling INR 7,100 million, primarily in the Buildings Division (INR 5,909 million) and the Transportation Division (INR 1,191 million), all awarded in the normal course of business with no related party involvement (Key Developments) Received a major mining contract from Central Coalfields Limited for overburden and coal extraction and transportation at Amrapali OCP in Jharkhand, valued at INR 68,289.4 million over a development and production period of about 8 years (Key Developments) Awarded an order from the Water Resources Department, Bihar, for construction of the Barner Reservoir Scheme in Jamui district, with a contract value of approximately INR 20,905 million and a 30 month construction period plus 60 month defect liability period (Key Developments) Scheduled a board meeting on November 6, 2025 to consider and approve unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025 (Key Developments) Valuation Changes Fair Value Estimate remains essentially unchanged at about ₹241 per share, indicating no material shift in intrinsic value assumptions.500294: Major New Orders Will Drive Performance Despite Margin Pressures
Analysts have lowered their price target for NCC from $258.38 to $240.85, citing revised estimates for revenue growth and profit margins as key factors in the adjustment. What's in the News NCC Limited received four new orders totaling INR 7,100 million in October 2025.500294: Record New Orders And Strong Margins Will Drive Upside Potential
Analysts have updated their price target for NCC downward from $265.69 to $258.38. They cite expectations for higher revenue growth and profit margins, as well as a rising discount rate impacting valuation.
Union Budget's Increased Capital Expenditure Will Boost Infrastructure Projects
Strong project pipeline and infrastructure focus suggest robust potential for long-term revenue and earnings growth.Shareholder Returns
| 500294 | IN Construction | IN Market | |
|---|---|---|---|
| 7D | -0.9% | 1.0% | -0.2% |
| 1Y | -22.8% | 10.5% | 5.1% |
Return vs Industry: 500294 underperformed the Indian Construction industry which returned 10.5% over the past year.
Return vs Market: 500294 underperformed the Indian Market which returned 5.1% over the past year.
Price Volatility
| 500294 volatility | |
|---|---|
| 500294 Average Weekly Movement | 5.1% |
| Construction Industry Average Movement | 7.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in IN Market | 10.2% |
| 10% least volatile stocks in IN Market | 4.7% |
Stable Share Price: 500294 has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: 500294's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1978 | 7,366 | Alluri Ananta Venkata Raju | ncclimited.com |
NCC Limited operates in the construction business in India and internationally. It operates through the Construction, Real Estate, and Others segments. The company constructs buildings, including hospitals, medical colleges, airports, sports complexes, housing projects, IT parks, and industrial and commercial buildings; transportation projects comprising access-controlled highways, road EPC projects, airstrips, metros, tunnels, bridges, and flyovers; and water and environment projects, such as water supply projects, water treatment plants, water distribution networks, underground drainage, and sewage treatment plants.
Fundamentals Summary
| 500294 fundamental statistics | |
|---|---|
| Market cap | ₹102.72b |
| Earnings (TTM) | ₹7.23b |
| Revenue (TTM) | ₹207.21b |
14.2x
P/E Ratio0.5x
P/S RatioIs 500294 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 500294 income statement (TTM) | |
|---|---|
| Revenue | ₹207.21b |
| Cost of Revenue | ₹173.81b |
| Gross Profit | ₹33.40b |
| Other Expenses | ₹26.17b |
| Earnings | ₹7.23b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 11.52 |
| Gross Margin | 16.12% |
| Net Profit Margin | 3.49% |
| Debt/Equity Ratio | 37.9% |
How did 500294 perform over the long term?
See historical performance and comparisonDividends
1.3%
Current Dividend Yield17%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 00:16 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NCC Limited is covered by 43 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | 360 ONE Capital Market Private Limited |
| Kunal Sheth | 360 ONE Capital Market Private Limited |
| Saurabh Mukherjea | Ambit Capital |