NNextResearch

NCC NCC

Large contractor whose buildings segment (housing, hospitals, institutions) sits alongside water, roads and power work

Mapped in 1 theme: Real Estate.

From publicly available information

Where NCC sits in the supply chain

NCC appears in 1 supply-chain layer in one theme, Real Estate.

Revenue and profit

₹ CrFY24FY25FY26
Revenue20,84522,19920,823
Net profit740868724

Latest-year revenue ₹20,823 Cr (FY26, company-wide). Wider screens show FY22 onwards.

Strengths

  • Scale (~₹21,000 Cr revenue) and a large order book
  • Cheap valuation

Risks

  • FY26 revenue fell ~6% as state-funded projects slowed
  • Heavy dependence on state government payments
  • Stock has fallen sharply in the year to Oct 2026

Common questions

What does NCC do?

Large contractor whose buildings segment (housing, hospitals, institutions) sits alongside water, roads and power work.

Where does NCC sit in the supply chain?

NCC (NSE: NCC) is mapped in 1 supply-chain layer: Construction & EPC (Real Estate).

Who are NCC's peers?

In the Construction & EPC layer of Real Estate: Larsen & Toubro, Ahluwalia Contracts (India), PSP Projects and Capacit'e Infraprojects.

What is NCC's market cap and valuation?

As of 30 Oct 2026: market cap ₹7,184 Cr, P/E 9.9x, ROCE 16.8%, ROE 9.2%, dividend yield 1.92%.