12 August 2025
6 mins read
Source: Screener.in/Trendlyne/Economic Times/Live Mint/Moneycontrol
NBCC (India) Limited is a Government of India Navratna enterprise under the Ministry of Housing and Urban Affairs. The company operates in 3 main segments, namely, Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. Founded in 1960, NBCC began as a civil engineering firm and has expanded nationally and overseas, earning Navratna status in 2014. Headquartered in New Delhi, it is listed on both the NSE and BSE, and is known for its sustainable engineering, timely project delivery, and public infrastructure development role. Investors often monitor NBCC share price to gauge sentiment and market expectations.
(Source: NBCC website)
Details | Information |
Founded Year | 1960 |
Industry Type | Housing and Urban Infrastructure |
Headquarters | New Delhi, India |
Key People | Mr. K.P. Mahadevaswamy (Chairman & MD) |
Established in 1960 by the Government of India for public sector building projects, NBCC launched overseas operations in 1977, and diversified into real estate in 1988. Its IPO came in 2012, with listings on NSE and BSE, before achieving Navratna status in 2014. By 2018, its order book surpassed ₹80,000 crore. In 2020, NBCC carried out its inaugural smart-city redevelopment. Completed projects include the New Moti Bagh GPRA Complex, East Kidwai Nagar redevelopment, several hospitals, a convention centre, airside infrastructure, and international ventures in the Maldives, Mauritius, Dubai, and Seychelles.
(Source: NBCC website)
NBCC operates across key infrastructure verticals:
Project Management and Consultancy (PMC): Public colony redevelopment, institutional buildings, roads, hospitals, airports, bridges, and international work.
Engineering Procurement and Construction (EPC): Civil construction, including power sector cooling towers and industrial chimneys.
Real Estate Development: Townships, commercial, and residential building construction.
Subsidiaries of NBCC include Hindustan Steel Works Construction Ltd., NBCC Services Ltd., NBCC Gulf LLC, and NBCC Environmental Engineering Ltd.
(Source: NBCC website)
NBCC operates through three main verticals: Project Management Consultancy (PMC), Engineering Procurement & Construction (EPC), and Real Estate Development. As per the NBCC website, PMC contributes around 93% of the company’s total revenue. This includes managing engineering and construction projects from planning to completion across sectors such as housing, healthcare, education, heritage structures, defence, and infrastructure. NBCC also supports large-scale government schemes like PMAY, Smart Cities Mission, and Namami Gange, and is involved in urban redevelopment and environmental infrastructure projects across India and abroad.
In EPC, NBCC handles civil and structural works in the power sector including chimneys, cooling towers, and treatment plants. Services range from feasibility studies and design to procurement and commissioning. NBCC is also active in real estate, being the first Central Public Sector Undertaking in this space. It develops residential, commercial, and institutional projects through land acquisition or joint ventures.
(Source: NBCC website)
NBCC delivers engineering excellence with sustainable governance, leveraging Navratna status and public-sector trust to manage large infrastructure projects efficiently.
Vision: To be a world-class integrated engineering, construction, and consultancy firm promoting sustainable infrastructure with strong governance.
Mission: To contribute to national development by delivering sustainable infrastructure through innovation, quality, and stakeholder value.
(Source: NBCC website)
Achieved 268.5% stock price rise by Jan 2024, outperforming peers.
Secured USD 130 million housing project in Maldives under Exim Bank’s funding.
Completed Indian Pavilion at Expo Dubai, ISLES project in Maldives, and housing in Mauritius.
NBCC (India) Ltd. recently secured a contract worth ₹172.46 crore from UCO Bank for constructing its new head office in New Town, Kolkata. The proposed high-rise building will adhere to green building rating norms, aligning with sustainable development goals. The project highlights NBCC’s expertise in project management consultancy, one of its core business segments along with real estate and engineering procurement & construction (EPC). Following the announcement, NBCC share price rose by 0.81% on 17th June 2025, reaching an intraday high of ₹123.10, reflecting positive investor sentiment on the company’s continued project wins and expanding order book.
FY 2025 revenue rose to ₹12,038.6 crore (from ₹10,432.4 crore), while net profit jumped to ₹557 crore (from ₹414.3 crore in FY 2024). The rise may reflect strong order inflows, government-backed contracts and improved execution efficiency.
Metric | FY 2025 | FY 2024 |
Return on Equity (%) | 21.82 | 18.04 |
Return on Capital Employed (%) | 29.96 | 27.57 |
Return on Assets (%) | 3.96 | 3.14 |
Price to Earnings (x) | 40.98 | 53.48 |
Price to Book (x) | 8.92 | 9.63 |
EV/EBITDA (x) | 19.32 | 21.98 |
EBITDA Margin (%) | 7.13 | 7.16 |
NBCC (India) Ltd. reported a notable performance for the March quarter (Q4 FY25), registering a 29.4% YoY increase in net profit to ₹176 crore. This is a sizable increased when compared to a net profit of ₹136 crore recorded in the same quarter last year. Revenue from operations grew by over 16% to ₹4,642.55 crore from ₹3,996.31 crore. EBITDA increased 19% YoY to ₹290 crore, while the EBITDA margin stood at 6.25%, slightly higher than the previous year’s 6.09%. Following the results and dividend announcement, NBCC share price surged 7% in intraday trade on May 30, reflecting market optimism around its financial performance and growth outlook.
The NBCC share price has experienced notable fluctuations in recent months. For instance, it rose from ₹72.86 in February 2025 to a high of ₹130.70 in June 2025, marking a sharp upward movement driven by positive market sentiment and contract wins. However, the share price showed signs of correction on 1 June 2025, closing at ₹114.69, which represented a 7% decline from its opening price. This pattern indicates that NBCC’s stock is highly responsive to external factors such as project announcements, financial results, and broader market trends, reflecting its volatile but reactive nature.
Over the past 52 weeks, the NBCC share price has exhibited a wide trading range, reaching a high of ₹139.90 on August 1, 2024, and a low of ₹70.80 on February 1, 2025. This wide fluctuation highlights the stock's volatility, influenced by macroeconomic factors, project-related developments, and shifts in investor sentiment. The movement between these levels suggests that NBCC’s stock is particularly sensitive to business performance updates, policy announcements, and broader market trends, which investors should consider when analysing its price behaviour.
Navratna PSU status enhances governance and financing capabilities
Strong order book; diversified across PMC, EPC, and real estate
Expanding overseas footprint
Faces stiff competition from L&T, DLF, HCC
High valuation multiples may limit upside
Project delays can disrupt cash flow
Exposure to construction sector cycles and input-cost inflation
Metric | Value |
P/E Ratio (TTM) | 40.98 |
EPS (TTM) | ₹2.00 |
ROE | 21.82% |
ROCE | 29.96% |
P/B Ratio | 57.69× |
Debt-to-Equity | 0 |
Book Value | ₹8.24 |
Face Value | ₹1.00 |
Dividend Yield | 0.58% |
As of June 2025, NBCC’s shareholder pattern is as follows:
Category | Shareholding (%) |
Promoters | 61.75% |
Foreign Institutional Investors (FII) | 4.20% |
Domestic Institutional Investors (DII) | 8.93% |
Retail & Others | 25.13% |
NBCC competes in the infrastructure space with major players like DLF, Macrotech Developments, Godrej Properties, and Prestige Estates.
Company | Price (₹) | MCap (Cr) | P/E | P/B | ROE (%) | 1-Yr Return (%) |
NBCC (India) | 114.94 | 31,033.8 | 57.47 | 13.95 | 21.82 | 7.03 |
DLF | 838.50 | 207,554.9 | 47.53 | 5.16 | 10.26 | -2.48 |
Macrotech Developments | 1,428.60 | 142,567.1 | 65.11 | 8.07 | 11.46 | -7.56 |
Godrej Properties | 2,387.90 | 71,919.9 | 51.37 | 6.62 | 8.08 | -20.42 |
Prestige Estates | 1,673.10 | 72,065.5 | 154.20 | 4.35 | 3.03 | -10.40 |
NBCC stands out as a government-backed infrastructure builder with strong governance and a diverse project portfolio across India and abroad. Its zero debt, Navratna status, and steady project acquisitions place it firmly in public-sector building and redevelopment leadership.
NBCC aims to capitalise on upcoming government investment in infrastructure, including roads, metro redevelopment, and public-sector revival projects. Its May 2025 efforts in reviving Ghaziabad’s RED Mall and Dubai subsidiary show a diversified growth strategy. As a Navratna PSU, NBCC may win larger contracts and expand its project pipeline.
The sector is competitive, and NBCC must contend with aggressive tendering from large firms. Regulatory changes and inflation can raise compliance and cost pressures. Operational delays due to supply chain issues may cause project backlog. International projects bring foreign exchange risk. Fluctuations in construction costs and interest rates add further uncertainty.
The NBCC share price can be tracked in real time on NSE and BSE via financial news websites, broker apps, and analytical tools. These platforms provide live quotes, trading volumes, and historical charts. Official filings and investor updates are available in NBCC’s investor relations section, helping investors follow market developments.
NBCC is a Government of India-owned Navratna PSU, operating under the Ministry of Housing and Urban Affairs, with strong public-sector governance and zero debt.
NBCC is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), and trades under the ticker NBCC on both platforms.
The face value of NBCC equity shares is ₹1 each.
There’s no recent information on any stock split or bonus issue for NBCC. Share corporate actions can be reviewed via company filings on NSE and BSE.
NBCC’s official site is www.nbccindia.com. Investor and general enquiry contact details are available under “Investor Relations” and “Contact Us”.
NBCC regularly publishes financial statements, performance updates, and project announcements via its investor portal and public disclosures on the website.
NBCC is part of broader public sector and infrastructure indexes like Nifty Smallcap 100, Nifty CPSE, and Nifty Smallcap 50 although it is not included in flagship indices like Nifty 50.
NBCC earns revenue through consultancy, construction contracts, and real estate development. It secures government- and PSU-backed orders, executes projects, and earns profit and fee income linked to project delivery.
In recent years NBCC has delivered and won major projects like redevelopment of Delhi colonies at Nauroji Nagar, Netaji Nagar and Sarojini Nagar, Amrapali housing completions, Goa redevelopment orders worth around ₹10,000 crore, grain storage infrastructure and mixed-use urban developments across states.
Yes, NBCC does undertake international work, executing large overseas construction and social housing projects in the Maldives, plus engagements in Mauritius, Seychelles, Dubai and Jeddah, and exploring opportunities in Fiji, Morocco and the UAE as part of its global expansion.
NBCC generates revenue from redevelopment projects by adopting a self-sustaining model where it redevelops government housing and then commercially monetises adjoining land or facilities, selling or leasing space to fund execution and earn fees without direct budgetary support.
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Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform.
SECURITIES
Securities quoted are exemplary and not recommendatory.
IPV
Account would be open after all procedure relating to IPV and client due diligence is completed.
IMAGES
The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.
THIRD PARTY PRODUCT DISCLAIMER
Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.
As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.
