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NCC Ltd.

NCCIndustrials filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

5 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 5 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205182022-03-31yes
TRANSCRIPT202408132024-06-30yes
TRANSCRIPT202411112024-09-30yes
TRANSCRIPT202502112024-12-31yes
TRANSCRIPT202505212025-03-31yes
TRANSCRIPT202508122025-06-30yes
TRANSCRIPT202511122025-09-30yes
DUPLICATE202511122025-09-30no
TRANSCRIPT202602102025-12-31yes
TRANSCRIPT202605202026-03-31yes
TRANSCRIPT202608112026-06-30yes

NCC

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close133.42
52-week range130.94 – 214.02
Return 1M-10.04%
Return 3M-13.13%
Return 1Y-35.97%
Return 3Y-10.37%
Return 5Y63.71%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations5,812.00
Other income31.00
Total income5,842.00
Cost of materials consumed1,858.00
Purchases of stock-in-trade0.00
Changes in inventories-58.00
Employee benefit expense234.00
Finance costs198.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.230.00
institutions foreign0.11-0.01
institutions domestic0.180.01
mutual funds0.14-0.00
public0.77-0.00

Documents on file

ClassMost recentOn file
DUPLICATE2025-09-301
TRANSCRIPT2026-06-3010

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations3,373.003,850.004,949.004,380.004,720.005,260.006,485.005,528.005,196.005,345.006,131.005,179.004,543.004,868.006,233.005,812.00
Other income32.0054.0032.0026.0027.0028.0045.0030.0028.0038.0058.0029.0042.0032.0018.0031.00
Total income3,405.003,904.004,981.004,407.004,746.005,288.006,530.005,558.005,224.005,383.006,189.005,208.004,585.004,900.006,251.005,842.00
Cost of materials consumed1,180.001,208.001,217.003,783.001,723.001,904.002,198.002,003.001,703.001,927.002,298.001,820.001,649.001,686.001,985.001,858.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories17.00-4.0034.00-28.0023.00-16.00-3.00-13.0016.00-34.00-94.00-74.009.00-99.00-71.00-58.00
Employee benefit expense137.00139.00146.00143.00158.00179.00188.00182.00196.00202.00209.00203.00209.00207.00226.00234.00
Finance costs123.00138.00143.00132.00153.00156.00153.00155.00167.00166.00193.00164.00172.00196.00213.00198.00
Depreciation and amortisation50.0052.0053.0053.0053.0053.0052.0054.0055.0054.0054.0055.0057.0059.0065.0069.00
Other expenses1,730.002,131.003,087.0074.002,512.002,687.003,552.002,878.002,838.002,810.003,163.002,773.002,282.002,638.003,543.003,232.00
Total expenses3,236.003,663.004,680.004,156.004,623.004,964.006,140.005,259.004,974.005,123.005,821.004,942.004,378.004,687.005,960.005,534.00
Profit before exceptional items and tax169.00241.00301.00250.00124.00324.00390.00299.00250.00260.00368.00266.00207.00213.00291.00308.00
Exceptional items0.000.00-14.000.000.000.00-33.000.000.000.000.000.000.00-34.000.000.00
Profit before tax169.00241.00287.00250.00124.00324.00358.00299.00250.00260.00368.00266.00207.00180.00291.00308.00
Current tax33.0061.0090.0073.0017.0097.00131.0082.0070.0069.0076.0050.0031.0038.0069.0079.00
Deferred tax-1.0013.00-0.00-5.0021.00-3.00-12.00-5.006.00-5.0026.0013.0010.008.008.004.00
Tax expense32.0074.0090.0068.0039.0094.00119.0077.0076.0064.00102.0064.0041.0046.0077.0083.00
Profit for the period138.00168.00203.00184.0086.00231.00239.00223.00175.00206.00265.00205.00167.00135.00217.00229.00
Profit attributable to owners132.00158.00191.00174.0076.00221.00—210.00163.00193.00254.00192.00155.00122.00206.00216.00
Profit attributable to non-controlling interests7.0011.0012.0011.009.0010.00—13.0012.0013.0011.0012.0013.0013.0011.0012.00
Other comprehensive income1.00-0.00-3.001.00-2.00-1.001.00-1.00-2.00-0.006.00-0.000.005.00-1.000.00
Total comprehensive income138.00168.00200.00185.0085.00230.00240.00221.00173.00205.00271.00204.00167.00141.00216.00229.00
Earnings per share, basic2.082.543.042.761.233.513.813.342.603.084.043.062.461.953.283.45
Earnings per share, diluted2.092.533.042.761.233.513.813.342.603.084.043.062.461.953.283.45

Annual results, as filed

Line2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations12,896.008,901.007,949.0011,138.0015,553.0020,845.0022,199.0020,823.00
Other income124.00113.00116.0071.00148.00126.00156.00121.00
Total income13,020.009,014.008,065.0011,209.0015,701.0020,971.0022,355.0020,944.00
Cost of materials consumed4,875.003,032.002,427.003,485.004,855.007,450.007,930.007,141.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.00
Changes in inventories155.0030.0049.00105.0069.00-24.00-126.00-234.00
Employee benefit expense495.00484.00380.00453.00546.00667.00789.00845.00
Finance costs522.00554.00480.00478.00515.00595.00680.00745.00
Depreciation and amortisation193.00199.00181.00187.00203.00212.00216.00235.00
Other expenses5,771.004,268.004,174.006,071.008,624.0010,983.0011,688.0011,236.00
Total expenses12,011.008,567.007,692.0010,779.0014,812.0019,883.0021,177.0019,967.00
Profit before exceptional items and tax1,009.00447.00374.00430.00889.001,088.001,178.00977.00
Exceptional items-108.00-50.00-13.00204.00-14.00-33.000.00-34.00
Profit before tax901.00398.00361.00633.00874.001,056.001,178.00943.00
Current tax315.00102.0017.00147.00234.00319.00298.00188.00
Deferred tax12.00-29.0063.00-6.004.002.0021.0040.00
Tax expense327.0073.0079.00141.00239.00320.00319.00228.00
Profit for the period568.00314.00283.00494.00646.00740.00868.00724.00
Profit attributable to owners579.00337.00——609.00—821.00675.00
Profit attributable to non-controlling interests-11.00-22.00——37.00—48.0049.00
Other comprehensive income-7.00-1.00-14.00-3.00-1.00-1.002.004.00
Total comprehensive income560.00313.00269.00491.00645.00739.00870.00728.00
Earnings per share, basic9.635.594.407.919.7711.3213.0610.76
Earnings per share, diluted9.635.594.397.869.7711.3213.0610.76

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets15,584.0016,550.0017,567.0018,097.0019,662.0021,006.0023,440.0026,006.00
Non-current assets2,999.003,304.003,320.003,222.003,279.003,372.003,597.003,763.00
Current assets12,585.0013,246.0014,247.0014,875.0016,383.0017,635.0019,844.0022,243.00
Property, plant and equipment1,186.001,238.001,224.001,253.001,288.001,348.001,428.001,758.00
Capital work-in-progress14.0015.0019.0041.0041.0037.0038.00351.00
Goodwill1.001.001.001.001.001.001.001.00
Other intangible assets1.001.001.0017.0016.0021.0019.0017.00
Inventories1,206.001,374.001,641.001,764.001,807.001,810.002,236.002,445.00
Trade receivables2,832.003,176.003,456.003,117.003,225.003,355.003,515.003,784.00
Cash and cash equivalents174.00282.00238.00552.00198.00988.00212.00642.00
Total equity and liabilities15,584.0016,550.0017,567.0018,097.0019,662.0021,006.0023,440.0026,006.00
Equity6,123.006,485.006,608.006,812.007,052.007,502.007,713.008,029.00
Equity share capital126.00126.00126.00126.00126.00126.00126.00126.00
Other equity5,696.006,041.006,154.006,514.006,745.007,198.007,408.007,743.00
Total liabilities9,461.0010,065.0010,959.0011,286.0012,610.0013,504.0015,727.0017,977.00
Non-current liabilities164.00174.00165.00170.00165.00376.001,073.001,644.00
Current liabilities9,297.009,891.0010,794.0011,116.0012,444.0013,128.0014,654.0016,333.00
Borrowings, non-current81.0089.0073.0070.0057.00265.00941.001,493.00
Borrowings, current1,921.00885.001,366.00910.001,669.001,329.001,982.001,964.00
Trade payables4,444.005,306.005,364.006,710.007,612.008,206.008,181.007,896.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities-349.001,100.0087.001,359.00-519.00742.00-1,343.00-459.00
Net cash from investing activities-162.00-192.00-162.00-319.00-124.00-59.00-247.00-766.00
Net cash from financing activities415.00-893.0031.00-771.00290.00-247.00813.00878.00
Purchase of property, plant and equipment157.00347.00112.00285.00149.00320.000.00955.00
Net increase in cash-96.0016.00-44.00270.00-354.00436.00-777.00642.00
con:CFO.BEFORE_TAX-250.001,404.00242.001,730.00-464.00858.00-1,223.00-127.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING99.00304.00155.00371.0055.00116.00120.00332.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD14.000.000.000.007.000.001.004.00
con:PPE_DISPOSALS4.00124.0025.0034.007.0055.000.0013.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.00-47.000.00-115.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group22.0022.0022.0022.0022.0022.0022.0022.0222.1122.110.220.220.230.23
Domestic institutions12.8712.2911.0310.5210.6411.4012.3414.1715.6117.490.170.150.160.18
Mutual funds—————————15.230.140.130.140.14
Insurance companies3.292.820.830.020.170.750.480.310.500.390.000.000.000.03
Foreign institutions19.9622.4624.1723.8927.3323.6520.8718.1313.7912.700.130.110.120.11
Government—————————0.000.000.000.000.00
Public78.0078.0078.0078.0078.0078.0078.0077.9877.8977.890.780.780.770.77
Non-institutional45.1743.2542.8043.5940.0342.9544.7945.6848.5047.690.480.510.490.48
Shares outstanding627846588627846588627846588627846588627846588627846588627846588627846588627846588627846588627846588627846588627846588627846588

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
J.Kumar NCC Private LimtiedSubsidiaryAny other transaction, Investment1,097,700,000.004
Pachhwara Coal Mining Private LtdSubsidiaryAdvance, Any other transaction, Dividend received435,000,000.003
UHPFRC Nagapur LLPSubsidiaryAny other transaction, Interest received, Loan181,900,000.007
A V S R Holdings Private LtdEnterprises owned or significantlyDividend paid146,600,000.001
Sirisha Projects Private LimitedEnterprises owned or significantlyAny other transaction, Dividend paid108,800,000.003
Nagarjuna Construction Company International L.L.CWhollyowned SubsidiaryAny other transaction, Loan91,500,000.003
Sri A A V Ranga RajuKMPDividend paid, Remuneration61,300,000.003
VARAPRADHA REAL ESTATES PRIVATE LIMITEDAssociate Company of NCC Urban InfAny other transaction, Loan52,700,000.002
Sri A S N RajuKMPDividend paid, Remuneration38,000,000.003
Sri A V N RajuKMPDividend paid, Remuneration37,900,000.003
Sri A G K RajuKMPDividend paid, Remuneration36,900,000.003
NCC FoundationEnterprises owned or significantlyAny other transaction33,700,000.001
OB Infrastructure LimitedStepdown SubsidiaryAny other transaction29,700,000.003
NCC AMISP Marathwada Private LimitedSubsidiaryAny other transaction28,100,000.002
Paschal Form Work (India) Private LimitedAssociate CompanyAdvance, Any other transaction, Purchase of goods or20,600,000.005

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-02-10Q3FY26LIMITEDRead the call
2025-11-12Q2FY26LIMITED, SECURITIES LIMITEDRead the call
2025-05-21Q4FY25Read the call
2025-02-11Q3FY25LIMITEDRead the call
2022-05-18Q4FY22Read the call

What they said about it, quarter by quarter

TopicQ2FY26Q3FY25Q3FY26Q4FY22Q4FY25
CapexWe have incurred a capex of INR77 crores in Q2 and cumulatively, we incurred INR169 crores for the first half of '26 as against the budgeted capex of …To give you a brief wrap up of the Indian economy, according to the Economic Survey 2024-25, the pace of the Union Government’s capital expenditure in…We have incurred a capex of INR96 crores in the current quarter and INR265 crores in the 9 months period in FY '26.Also in terms of the interest cost if you can just give us a breakup of the total interest cost we have reported and the capex requirement for 2023?We have incurred a capex of INR305 crores in the current financial year as against the budgeted capex of INR250 crores for the regular projects.
Capital allocation—So, the effective tax rate is lesser actually because we have received dividend which is a pass- through mechanism.——So as far as the dividend is concerned, this year, it was decided to declare a dividend of 110%, which will be INR2.20 per share.
Debt and cashThe debt at the beginning of the quarter stood at INR1,852 crores and net debt after cash and cash equivalents is INR1,497 crores.1,005 crores and net debt after cash and cash equivalent is Rs.The debt at the beginning of the quarter stood at INR2,115 crores and net debt after cash and cash equivalent is INR1,890 crores.Other than that in the meantime because of our work pressures and working capital requirements the working capital limits utilization may go up that a…The debt at the beginning of the year stood at INR1,005 crores and net debt after cash and cash equivalent standing at INR517 crores.
DemandAs of 30th September '25, our order book stands at INR71,957 crores compared to INR7,087 crores at the end of the previous quarter.We are seeing a healthy pipeline for future projects.As of 31st December, ' 25, NCC's consolidated order book stood at INR79,571 crores, supported by fresh order inflows of INR12,430 crores during Q3 FY …Closing order book with regard to the old project is Rs.We are sitting at the highest ever order book of INR71,568 crores.
GuidanceI will first present a brief overview of the business environment, operational highlights and our outlook for the remaining part of the financial year…We take this opportunity to share with you the fact that we have decided to revise the guidance earlier shared with you.And will that also mean that you will give guidance for FY '26 now?Some big orders we expect in the Q4 could not materialize because other competing construction companies have bidded better rates or lower rates than …In the first part, I will talk about a brief overview of the business environment, our prospects and also an update on the guidance.
MarginThe EBITDA margin stood at 8.7% on a consol basis.Next, coming to the Profitability at the Standalone level: We achieved EBITDA of 8.77% for Q3 as against 10.1% of the corresponding quarter of the pre…Despite moderation in revenue, profitability remained resilient with EBITDA margin approximately at 9%, remaining consistent with the company's margin…Sir the main question is on the margin so I understand given the kind of commodity pressure so far this quarter we have seen a significant contraction…We achieved EBITDA margin of 9.21% for Q4 as against 9.36% of the corresponding quarter of the previous year.
People—The first one is there is an increase in the headcount.———
Pricing———The prime reason is you are aware that the material prices are increasing and in order to curtail the price increase the conscious decision was taken …—
Revenue growthMr. Kapoor, I mean, we don't only look at the revenue growth as a prudent measure, we also try to limit or try to look at the working capital that we …But we are revising the revenue growth downwards to around 5% and EBITDA margin around 9.25% for the current financial year.Though that means that FY '27, because of the low base of FY '26, we should be doing a 28% to 34% kind of a revenue growth.The Board has not yet decided the topline and turnover numbers of shorter attrition so at this stage we will not be able to say with you anything on t…The revenue growth of 10% and EBITDA margin between 9% to 9.25%.