NBCC (India) Ltd.
NSE: NBCCNBCC (India) Ltd.: A 30-second snapshot
NBCC trades at ₹93.57, 25.56% below its 52-week high and below both its 50-day (₹101.48) and 200-day (₹101.70) moving averages, down 13.21% over the past year though nearly flat over the past 3 months (+0.7%). The balance sheet carries near-zero debt (D/E of 0.008, trending lower) and a 25.23% ROE, but a 5.46% profit margin, -2.5% five-year revenue CAGR, and free cash flow positive in only 2 of the years assessed sit alongside a reported 37.8% five-year earnings CAGR. Recent news flow is dominated by a string of new work-order announcements and a planned merger of subsidiary HSCC into the parent.
P/E
35.5
Forward P/E
30.6
ROE
+25.2%
Debt / Equity
0.01
Profit Margin
+5.5%
Div. Yield
+0.7%
5Y ROE > 15%
3/5
5Y FCF > 0
2/5
Quality
54/100
News
8 headlines · 7 positive · 0 negative
NBCC bags ₹109 crore work orders for Odisha hostels and Srinagar laboratory project - CNBC TV18
CNBC TV18
NBCC TO MERGE WHOLLY OWNED SUBSIDIARY HSCC - IndianMandarins
IndianMandarins
NBCC wins orders worth ₹85.64 Cr from NALCO, IDPL, ASI, and PFC - scanx.trade
scanx.trade
NBCC Subsidiary HSCL Wins Rs 1,589.5 mn Odisha Education Contracts - Construction World
Construction World
NBCC bags orders worth Rs 501-cr across education, infrastructure projects - Business Standard
Business Standard
Recent context
- ·Between July 14 and July 24, 2026, NBCC and its subsidiaries announced a series of new work orders: ₹501 crore in education/infrastructure projects, ₹1,589.5 mn in Odisha education contracts via subsidiary HSCL, ₹85.64 crore from NALCO, IDPL, ASI and PFC, and ₹109 crore for Odisha hostels and a Srinagar laboratory.
- ·NBCC announced plans to merge wholly-owned subsidiary HSCC into the parent, reported July 18, 2026.
- ·News sentiment across the 8 most recent headlines is positive (7 positive, 1 neutral, 0 negative), concentrated in order-win announcements rather than earnings or governance news.
Strengths
- +Debt-to-equity of 0.008 with a falling trend, leaving the balance sheet essentially unlevered.
- +ROE of 25.23%, with ROE above 15% in 3 of the years assessed (consistency score of 75).
- +Five-year earnings CAGR of 37.8%.
- +Order-book momentum: headlines between July 14-24, 2026 report new work worth ₹501 crore (education/infrastructure), ₹1,589.5 mn (Odisha education, via subsidiary HSCL), ₹85.64 crore (NALCO/IDPL/ASI/PFC) and ₹109 crore (Odisha hostels/Srinagar laboratory), plus a planned merger of wholly-owned subsidiary HSCC.
Weaknesses
- −Free cash flow was positive in only 2 of the years assessed, an inconsistent cash-conversion record set against the reported earnings growth.
- −Profit margin of 5.46% is thin, and quality score of 37 ranks 5th of 6 Infrastructure peers (BEL, LT, ABB, CGPOWER, CUMMINSIND).
- −Price sits 7.8% below the 50-DMA and 7.9% below the 200-DMA, 25.56% below the 52-week high, and down 13.21% over 12 months.
- −Five-year revenue CAGR of -2.5% despite a five-year earnings CAGR of +37.8%, a divergence worth scrutiny.
Open questions
- ?Does the 37.8% five-year earnings CAGR reflect genuine operating leverage, or is it disconnected from the -2.5% revenue trend by margin timing or one-off items?
- ?What explains free cash flow being positive in only 2 of the years assessed despite a 25.23% ROE — billing-cycle timing typical of government project execution, or a more structural issue?
- ?How durable is the recent order inflow (NALCO, IDPL, ASI, PFC, education contracts) relative to the company's historical order-to-revenue conversion?
- ?What would it take for the quality-score ranking (5th of 6 Infrastructure peers) or the thin 2-analyst coverage to change, and how would that affect how the stock is benchmarked against peers?
Peer comparison: Infrastructure
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| NBCC | NBCC (India) Ltd.You're viewing | 35.5 | +25.2% | 37 |
| Industry avg | across 5 peers | 70.3 | +29.5% | 47 |
| CUMMINSIND | Cummins India Ltd. | 64.7 | +29.5% | 65 |
| BEL | Bharat Electronics Ltd. | 46.2 | — | 50 |
| ABB | ABB India Ltd. | 98.9 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 109.2 | — | 38 |
| LT | Larsen & Toubro Ltd. | 32.7 | — | 37 |
Technical state
Current price
₹93.57
SMA 50
₹101.48
SMA 200
₹101.70
RSI (14)
36.9 (neutral)
From 52w high
-25.6%
1Y return
-13.2%
3M return
+0.7%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highFree cash flow was positive in only 2 of the years assessed despite a 25.23% ROE and 37.8% five-year earnings CAGR, indicating an inconsistent cash-conversion record behind the reported profitability.
- mediumPrice (₹93.57) is below both the 50-DMA (₹101.48) and 200-DMA (₹101.70), 25.56% below its 52-week high, and down 13.21% over the past 12 months, though roughly flat over the past 3 months (+0.7%).
- mediumProfit margin of 5.46% is thin for a project-execution contractor, and quality score of 37 ranks 5th of 6 Infrastructure peers listed (BEL, LT, ABB, CGPOWER, CUMMINSIND).
- lowAnalyst coverage is sparse (2 analysts, no consensus rating available), and sector peer ROE and priceChange1Y data is null for most of the 5 comparables, limiting relative benchmarking.
Cross-section contradictions
- News flow is strongly positive (7 of 8 recent headlines, driven by a run of contract wins between July 14-24, 2026) and ROE stands at 25.23%, yet the stock is 25.56% below its 52-week high, down 13.21% over 12 months, and below both the 50-DMA and 200-DMA.
- Five-year revenue CAGR of -2.5% contrasts with a five-year earnings CAGR of +37.8% — an unusual divergence for a project-execution contractor worth checking against margin or one-off items.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 11 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 31 Jul 2026 · rotates through NIFTY 500 every ~5 days