NBCC (India) Limited

BSE:534309 Stock Report

Market Cap: ₹242.3b

NBCC (India) Valuation

Is 534309 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 534309 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 534309 (₹89.74) is trading above our estimate of fair value (₹30.9)

Significantly Below Fair Value: 534309 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 534309?

Key metric: As 534309 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 534309. This is calculated by dividing 534309's market cap by their current earnings.
What is 534309's PE Ratio?
PE Ratio51.2x
Earnings₹4.74b
Market Cap₹242.30b

Price to Earnings Ratio vs Peers

How does 534309's PE Ratio compare to its peers?

The above table shows the PE ratio for 534309 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.4x
KEC KEC International
62.8x38.9%₹264.9b
IRB IRB Infrastructure Developers
46.5x29.1%₹286.4b
KPIL Kalpataru Projects International
37.1x29.5%₹194.1b
IRCON Ircon International
19.3x5.7%₹177.5b
534309 NBCC (India)
51.2x17.4%₹242.3b

Price-To-Earnings vs Peers: 534309 is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the peer average (41.4x).

Price to Earnings Ratio vs Industry

How does 534309's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$78.86m
533152 MBL Infrastructures
2.5xn/aUS$68.56m
ATLANTAA Atlantaa
2.5xn/aUS$50.22m
SKIL SKIL Infrastructure
0.1xn/aUS$14.32m
534309 51.2xIndustry Avg. 25.2xNo. of Companies24PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 534309 is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the Indian Construction industry average (25.2x).

Price to Earnings Ratio vs Fair Ratio

What is 534309's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

534309 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.2x
Fair PE Ratio43.5x

Price-To-Earnings vs Fair Ratio: 534309 is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the estimated Fair Price-To-Earnings Ratio (43.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 534309 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹89.74
₹97.25
+8.4%
46.7%₹133.00₹20.00n/a4
Nov ’25₹99.97
₹97.00
-3.0%
46.6%₹132.00₹20.00n/a4
Oct ’25₹120.10
₹97.00
-19.2%
46.6%₹132.00₹20.00n/a4
Sep ’25₹124.23
₹94.83
-23.7%
46.3%₹132.00₹20.00n/a4
Aug ’25₹119.70
₹80.17
-33.0%
45.4%₹117.33₹20.00n/a4
Jul ’25₹104.37
₹71.17
-31.8%
42.2%₹96.00₹20.00n/a4
Jun ’25₹94.87
₹66.67
-29.7%
42.6%₹95.33₹20.00n/a4
May ’25₹93.10
₹66.67
-28.4%
42.6%₹95.33₹20.00n/a4
Apr ’25₹83.33
₹66.67
-20.0%
42.6%₹95.33₹20.00n/a4
Mar ’25₹88.70
₹66.67
-24.8%
42.6%₹95.33₹20.00n/a4
Feb ’25₹94.70
₹36.83
-61.1%
30.3%₹50.67₹20.00n/a4
Jan ’25₹54.53
₹36.33
-33.4%
32.8%₹50.67₹18.00n/a4
Dec ’24₹49.78
₹36.33
-27.0%
32.8%₹50.67₹18.00n/a4
Nov ’24₹43.93
₹29.00
-34.0%
23.1%₹35.33₹18.00₹99.974
Oct ’24₹39.01
₹29.17
-25.2%
22.1%₹35.33₹18.67₹120.104
Sep ’24₹35.17
₹27.11
-22.9%
22.8%₹33.33₹18.67₹124.233
Aug ’24₹30.29
₹25.11
-17.1%
18.9%₹30.00₹18.67₹119.703
Jul ’24₹26.41
₹25.11
-4.9%
18.9%₹30.00₹18.67₹104.373
Jun ’24₹28.79
₹23.78
-17.4%
15.2%₹26.67₹18.67₹94.873
May ’24₹26.20
₹22.89
-12.6%
13.5%₹26.00₹18.67₹93.103
Apr ’24₹23.59
₹22.89
-3.0%
13.5%₹26.00₹18.67₹83.333
Mar ’24₹22.56
₹22.89
+1.5%
13.5%₹26.00₹18.67₹88.703
Nov ’23₹22.30
₹24.33
+9.1%
1.4%₹24.67₹24.00₹43.932

Analyst Forecast: Target price is less than 20% higher than the current share price.

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