NBCC (India) logo

NBCC (India) share price

NSE: NBCCBSE: 534309ConstructionSmall Cap

NBCC (India) Limited · Formerly National Buildings Construction Corporation · Face value ₹1 · Listed Apr 2012
Last close ₹69.84down ₹0.66 (0.94%)BSE ₹69.52

Share price at the NSE close on 28 Oct 2026. Previous close ₹70.50.

28 Oct: open ₹69.99, high ₹70.48, low ₹69.03

52-week range of traded prices to 28 Oct 2026
₹67.02Low, 26 Oct 2026₹125.85High, 29 Dec 2025
Market cap
₹18,857 Cr294th largest listed
P/E
25.39
P/E without one-offs
28.46
P/B
6.25
Dividend yield
1.35%
ROE
27.0%
ROE without one-offs
24.1%
ROCE
20.0%
Debt to equity
0.00
Volume, NSE
40,55,95029.9% delivered

NBCC (India) share price chart

Daily closes since Apr 2012, adjusted for splits and bonuses

−36.7%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 50,78,943 shares a day, 35.7% delivered

About NBCC (India)

NBCC (India) Limited is a Navratna central public sector enterprise (a company controlled by the central government, with a status that gives its board wider financial powers) under the Ministry of Housing and Urban Affairs.1 NBCC provides project management consultancy, engineering, procurement and construction (EPC) and real estate development services to government departments, public sector undertakings and institutional clients across India, with a presence in select markets abroad.12

Its projects span redevelopment of government colonies, revival of stalled housing projects, hospitals, educational campuses, housing and transport.2 Its operating model gives the physical building work to contractors.1 It delivered Bharat Mandapam, the G20 Summit venue, in 2023.3

It was incorporated in 1960, began overseas work in 1977 and listed on Indian stock exchanges through an initial public offering in 2012.243 It acquired Hindustan Steelworks Construction Limited (HSCL), a construction company in which it holds 51%, on 1 Apr 2017, and HSCC (India) Limited, a healthcare consultant, on 24 Dec 2018.5

The Government of India is the majority owner of NBCC, and the President of India, acting through the Ministry of Housing and Urban Affairs, appoints its board.67 Its other subsidiaries are NBCC Services Limited, which does maintenance work, and NBCC Overseas Real Estate LLC and NBCC DWC-LLC abroad.89

NBCC (India) key points

Results

  • In the year to Mar 2026, consolidated revenue from operations was ₹12,888.61 crore, core EBITDA (operating profit before interest, tax, depreciation and amortisation, leaving out other income) ₹616.99 crore and profit after tax ₹742.45 crore.10
  • On a standalone basis, total income crossed ₹10,000 crore for the first time in the year to Mar 2026, at ₹10,055.45 crore, and profit after tax rose 47.72% to ₹703.29 crore.11
  • Consolidated revenue from operations was ₹2,260 crore in the quarter to Jun 2026; management said subsidiary HSCC's revenue dipped because of the merger and a foreclosed low-fee Maharashtra government project.1213
  • On a standalone basis, revenue from operations rose 10% to ₹1,823 crore and profit after tax rose 32% to ₹150.65 crore in the quarter to Jun 2026.14

Business segments

  • Consolidated revenue by segment15
    Itemyear to Mar 2026year to Mar 2025
    Project management consultancy (PMC)₹12,375.10 crore₹11,003.21 crore
    Engineering, procurement and construction (EPC)₹382.01 crore₹735.63 crore
    Real estate₹100.09 crore₹258.96 crore
  • Project management consultancy. PMC runs government projects in healthcare, education, housing and institutional buildings; its consolidated profit before tax was ₹790.53 crore in the year to Mar 2026.1617
  • Engineering, procurement and construction. EPC covers civil and structural works for power projects, chimneys, cooling towers and housing; the annual report for the year to Mar 2026 states NBCC has completed 2,000 social housing units in the Maldives as an EPC project.1819

Order book

  • The consolidated order book (work won but not yet carried out) was ₹1,26,964 crore at the end of June 2026.20
  • Order book by group company, end of March 202621
    ItemMar 2026
    NBCC₹1,13,004 crore
    HSCC₹7,782 crore
    HSCL₹6,708 crore
    NBCC Services₹326 crore
  • New consolidated business secured was ₹18,780 crore in the year to Mar 2026, excluding goods and services tax (GST).22

Redevelopment and stalled housing

  • Under its self-sustainable redevelopment model, NBCC rebuilds old government colonies and office complexes and sells part of the new commercial and residential space to recover the whole construction cost.23
  • The redevelopment of the 7 General Pool Residential Accommodation (GPRA) government housing colonies is to deliver about 21,000 homes; on its call of 12 Aug 2026, management said it had about ₹10,000 crore of work orders in hand there.2425
  • On a Supreme Court mandate, NBCC is executing 38,000 homes across 25 stalled Amrapali projects in Noida and Greater Noida, sanctioned at ₹8,598 crore; more than 32,500 were complete as of the annual report for the year to Mar 2026.26
  • The Supreme Court upheld NBCC's appointment to complete 50,000 stalled Supertech homes across 16 projects, with an estimated topline (revenue) of ₹10,000 crore.27

What the company expects

  • On its earnings call of 12 Aug 2026, the company said it expects new orders of ₹50,000 to 60,000 crore in the year to Mar 2027, of which it may get about ₹30,000 crore from GPRA redevelopment.28
  • The company said on 12 Aug 2026 that it had committed to award a minimum of ₹20,000 to 25,000 crore of work to contractors in the year to Mar 2027.29
  • The company said on 12 Aug 2026 that it expects consolidated revenue of about ₹21,000 crore in the year to Mar 2028 and ₹24,000 to 25,000 crore in the year to Mar 2029.30
  • The company said on the same call that it expects consolidated profit after tax of ₹1,300 to 1,400 crore in the year to Mar 2028 and about ₹2,000 crore in the year to Mar 2029.31

Recent events

  • In its exchange filing of 29 Jul 2026, NBCC said it had signed an agreement with the Government of Seychelles for the Ile Aurore Housing Project of 1,008 affordable homes, a $75 million project funded by EXIM bank under a line of credit (a loan).32
  • On 14 Jul 2026, the board approved merging the wholly owned subsidiary HSCC (India) Limited into NBCC, with an appointed date of 1 Apr 2026; the scheme was filed with the Ministry of Corporate Affairs on 17 Jul 2026 and is subject to government approval.333435
  • On 14 Jul 2026, NBCC disclosed a ₹430.69 crore order, excluding GST, from the Rajasthan Council of School Education to build 2,256 science laboratories in 922 government schools in Rajasthan.3637

Litigation and regulatory matters

  • NBCC's Green View housing project in Sector 37-D, Gurugram, showed structural cracks; provisions and write-offs on it totalled ₹46,882.51 lakh up to 31 Mar 2026, and NBCC's ₹75,000 lakh recovery suit and 16 other cases were ongoing.38
  • A value added tax demand (DVAT demand) of ₹40,480.01 lakh was set aside by the Appellate Tribunal on 10 Nov 2022 and sent back for recalculation; the annual report for the year to Mar 2026 states no new order had been received.39

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 20 Aug 2026, page 83
  2. 2. Annual report, 20 Aug 2026, page 6
  3. 3. Annual report, 20 Aug 2026, page 12
  4. 4. Annual report, 20 Aug 2026, page 16
  5. 5. Annual report, 20 Aug 2026, page 7
  6. 6. Annual report, 20 Aug 2026, page 32
  7. 7. Annual report, 20 Aug 2026, page 93
  8. 8. Annual report, 20 Aug 2026, page 61
  9. 9. Annual report, 20 Aug 2026, page 111
  10. 10. Annual report, 20 Aug 2026, page 23
  11. 11. Annual report, 20 Aug 2026, page 19
  12. 12. Earnings call, 12 Aug 2026, page 3
  13. 13. Earnings call, 12 Aug 2026, page 15
  14. 14. Investor presentation, 11 Aug 2026, page 8
  15. 15. Annual report, 20 Aug 2026, page 87
  16. 16. Annual report, 20 Aug 2026, page 9
  17. 17. Annual report, 20 Aug 2026, page 19
  18. 18. Annual report, 20 Aug 2026, page 10
  19. 19. Annual report, 20 Aug 2026, page 11
  20. 20. Investor presentation, 11 Aug 2026, page 14
  21. 21. Annual report, 20 Aug 2026, page 19
  22. 22. Annual report, 20 Aug 2026, page 24
  23. 23. Annual report, 20 Aug 2026, page 31
  24. 24. Annual report, 20 Aug 2026, page 19
  25. 25. Earnings call, 12 Aug 2026, page 31
  26. 26. Annual report, 20 Aug 2026, page 19
  27. 27. Annual report, 20 Aug 2026, page 19
  28. 28. Earnings call, 12 Aug 2026, page 7
  29. 29. Earnings call, 12 Aug 2026, page 23
  30. 30. Earnings call, 12 Aug 2026, page 16
  31. 31. Earnings call, 12 Aug 2026, page 16
  32. 32. Exchange filing, 29 Jul 2026, page 1
  33. 33. Exchange filing, 14 Jul 2026, page 1
  34. 34. Exchange filing, 18 Jul 2026, page 1
  35. 35. Annual report, 20 Aug 2026, page 77
  36. 36. Exchange filing, 14 Jul 2026, page 1
  37. 37. Exchange filing, 14 Jul 2026, page 1
  38. 38. Annual report, 20 Aug 2026, page 145
  39. 39. Annual report, 20 Aug 2026, page 249

Results

Consolidated; ₹ crore.NBCC (India) quarterly results

Revenue growth, 12 months
+3.5%
Net profit growth, 12 months
+30.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹2,260 Crdown 50.45%
Net profit
₹158 Crdown 37.67%
Net margin
7.0%

Revenue by quarter

₹2,459 CrSep 24₹2,827 CrDec 24₹4,643 CrMar 25₹2,391 CrJun 25₹2,910 CrSep 25₹3,022 CrDec 25₹4,560 CrMar 26₹2,260 CrJun 26
Peak revenue ₹4,643 Cr, quarter to Mar 2025; lowest ₹2,260 Cr, quarter to Jun 2026

Net profit by quarter, a loss in red

₹125 CrSep 24₹142 CrDec 24₹183 CrMar 25₹135 CrJun 25₹157 CrSep 25₹197 CrDec 25₹254 CrMar 26₹158 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,4592,8274,6432,3912,9103,0224,5602,260
Net profit125142183135157197254158
Net margin5.1%5.0%3.9%5.6%5.4%6.5%5.6%7.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • PMC₹12,375 Crup 12.47%96.3%
  • EPC₹382 Crdown 48.07%3.0%
  • Real Estate₹100 Crdown 60.55%0.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2019: days before it are of the company before the change.NBCC (India) PE ratio and valuation

Price to earnings

At or below today's level on 26% of 2,054 trading days over the last 10 years.

LowestHighest
Its median38.72Industry median13.39
Price to book

At or below today's level on 54% of 1,970 trading days since Nov 2018.

LowestHighest
Its median5.75Industry median1.34
Dividend yield

At or below today's level on 77% of 2,418 trading days over the last 10 years.

LowestHighest
Its median0.93%Industry median0.67%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−4.0%+33.5%−29.1%1.3%
3 years+49.5%+39.4%+6.6%0.9%
5 years+21.1%+26.6%−5.3%1.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023, Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.NBCC (India) shareholding pattern

Shareholding by group

  • Promoters61.75%
  • Foreign institutions4.39%
  • Indian institutions10.19%
  • Individuals and others23.66%
Holder
PRESIDENT OF INDIAPromoter61.75%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies4.50%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.38 pts, Indian institutions −1.08 pts, mutual funds −1.08 pts.

Mutual fund holdings

89 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 69 of the 70 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 89 funds holding NBCC (India)

Added
21
Cut
49
Held unchanged
19
Sold out
1
Fund
Nippon India Mutual Fund logoCPSE ETFNippon India Mutual Fund2,91,76,1991.23%₹229.0 Cr
quant Mutual Fund logoquant Small Cap Fundquant Mutual Fund1,63,41,7500.36%₹128.3 Cr
SBI Mutual Fund logoSBI Arbitrage FundSBI Mutual Fund1,01,72,5000.17%₹79.9 Cr
Helios Mutual Fund logoHelios Flexi Cap FundHelios Mutual Fund1,01,09,7820.90%₹79.4 Cr
Aditya Birla Sun Life Mutual Fund logoAditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund65,97,5000.19%₹51.8 Cr
Kotak Mahindra Mutual Fund logoKotak Arbitrage FundKotak Mahindra Mutual Fund56,81,0000.06%₹44.6 Cr
Mahindra Manulife Mutual Fund logoMahindra Manulife Small Cap FundMahindra Manulife Mutual Fund52,80,0000.77%₹41.4 Cr
Tata Mutual Fund logoTata Arbitrage FundTata Mutual Fund50,37,5000.16%₹39.5 Cr
DSP Mutual Fund logoDSP Arbitrage FundDSP Mutual Fund44,65,5000.52%₹35.1 Cr
ICICI Prudential Mutual Fund logoBharat 22 ETFICICI Prudential Mutual Fund34,71,9830.29%₹27.3 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

NBCC (India) competitors and peers

Civil Construction, 169 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to NBCC (India) in market cap.Construction companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Rail Vikas Nigam logoRail Vikas NigamRVNL38,38542.673.91+5.4%−24.5%9.3%5.8%0.93%
Cemindia Projects logoCemindia ProjectsCEMPRO22,68837.72–+10.0%+46.8%28.4%27.3%0.24%
Kalpataru Projects International logoKalpataru Projects InternationalKPIL22,62219.912.91+14.6%+60.9%15.9%15.9%0.83%
IRB Infrastructure Developers logoIRB Infrastructure DevelopersIRB19,40920.34–−2.2%−85.4%4.7%7.3%1.06%
Engineers India logoEngineers IndiaENGINERSIN14,40818.374.58+16.3%+41.6%27.0%22.5%1.95%
Techno Electric & Engineering Company logoTechno Electric & Engineering CompanyTECHNOE9,88922.942.38+38.7%−6.5%10.9%10.6%0.82%
Ircon International logoIrcon InternationalIRCON9,45118.051.42−9.9%−21.6%8.1%4.9%1.89%
RITES logoRITESRITES9,44722.633.52+10.6%+7.9%15.7%17.4%4.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.NBCC (India) dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.6Mar 180.4Mar 190.1Mar 200.3Mar 210.3Mar 220.4Mar 230.4Mar 240.7Mar 251Mar 260.2Mar 27so far
Highest ₹1.00 a share, year to Mar 2026.
Ex-dateTypePer share
28 Aug 2026Final₹0.46
17 Aug 2026Interim₹0.15
25 Feb 2026Interim₹0.12
19 Nov 2025Interim₹0.21
29 Aug 2025Final₹0.14
13 Aug 2025Interim₹0.21
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.NBCC (India) announcements

NBCC (India) share price by year

Each calendar year to 2025.NBCC (India) share price history

YearClose at year endChangeHighest closeLowest close
2025121.77+31.0%128.7072.86
202492.95+71.0%130.4753.73
202354.37+110.2%55.2320.73
202225.87−15.7%35.5718.30
202130.67+57.8%38.5720.13
202019.43−16.4%26.0710.23
201923.23−39.7%45.0719.50
201838.50−53.2%84.5032.50
201782.30+55.0%95.2054.91
201653.10+20.7%62.4137.24
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 202669.0070.5068.5070.5069.6960,11,43140.4%
26 Oct 202667.9069.4567.0268.6568.4559,44,60334.2%
23 Oct 202670.5070.8067.3067.9068.3373,98,91733.1%
22 Oct 202670.4771.3070.1070.5070.6347,03,39028.6%
21 Oct 202673.9174.0670.7471.4571.8459,69,92741.5%
19 Oct 202675.5175.6973.5073.7074.4733,69,42741.1%
16 Oct 202675.5276.3075.0075.5175.6535,82,89331.0%
15 Oct 202676.2176.4775.2575.4775.9630,19,84733.8%
14 Oct 202677.0877.2076.2076.2176.6136,30,44433.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
7 Oct 2024Bonus0.6667Holders received 1 bonus share for every 2 held.
25 Apr 2018Split0.5000Each share became 2.
17 Feb 2017Bonus0.6667Holders received 1 bonus share for every 2 held.
2 Jun 2016Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details