NSE: NCC · BSE: 500294 · ISIN INE868B01028
NCC Limited stock analysis
NCC Limited ranks #3950 in the TickerSutra evidence-ranked universe with a score of 37/100 and 95% data confidence. The latest captured fundamentals show ROCE of 16.8%, quarterly sales growth of 12.2% and quarterly profit growth of 12.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
Risks and constraints
- CFO/EBITDA is below 0.6×
- Promoter holding is below 25%
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹11,138cr | ₹1,028cr | ₹494cr | 9.0% |
| 2023 | ₹15,553cr | ₹1,459cr | ₹646cr | 9.0% |
| 2024 | ₹20,845cr | ₹1,769cr | ₹740cr | 8.0% |
| 2025 | ₹22,199cr | ₹1,918cr | ₹868cr | 9.0% |
| 2026 | ₹20,823cr | ₹1,836cr | ₹724cr | 9.0% |
| TTM | ₹21,456cr | ₹1,925cr | ₹748cr | 9.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Disclosure regarding receipt of Major Order
Positive CatalystBagging/Receiving of orders/contracts (Sub-para 4-Para B)NSE · 28 Sept 2026NCC Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B)
RoutineTrading Window-XBRLBSE · 26 Sept 2026NCC LIMITED has informed the Exchange about Closure of Trading Window
RoutineCopy of Newspaper PublicationNSE · 25 Sept 2026NCC Limited has informed the Exchange about Copy of Newspaper Publication
RoutineNCC Ltd - 500294 - Announcement under Regulation 30 (LODR)-Newspaper PublicationBSE · 25 Sept 2026Newspaper Publication-Special Window for Transfer and Dematerialization of Physical Securities.
MANAGEMENT COMMENTARY
Signals from filed documents
Twenty new National Waterways announced in Union Budget 2026-27. Economic Survey 2025-26; Union Budget 2026-27 Nuclear Energy Mission Long-horizon capacity expansion to 100 GWe by 2047 from the current base. Enabling legislative amendments to the Atomic Energy Act announced in Union Budget 2026-27 to enable private participation.
Sanjay Pusarla: As far as the commodity prices are concerned, like regular commodities, steel, cement, we are not seeing any price increase. But t he commodities which are related to the link ed to the petroleum products and aluminum and copper, we are looking at little price increase. And also the OFC cable which we are using in our BharatNet projects, there also we seeing there is a price increase.
All the grievances received are duly investigated and appropriate actions are taken to resolve the issue /complaint. Whenever required, disciplinary actions are initiated as deemed fit and assistance from regulatory authority is sought. Number of Complaints on the following made by employees and workers: FY 2025-26 (Current Financial Year) FY 2024-25 (Previous Financial Year) Filed during the year Pending Resolution
Whistle Blower Policy/ Vigil Mechanism Pursuant to Section 177 of the Companies Act, 2013 and the Rules framed thereunder and pursuant to the provisions of the SEBI Listing Regulations, the Company has established a mechanism through which all the stakeholders can report the suspected frauds and genuine grievances to the appropriate authority. The Whistle Blower Policy which has been approved by the Board of Director
Contract and claims risks Competitive environment can lead to disputes and claims. Litigation, delayed recoveries and margin pressure. Robust documentation, follow- up and in-house contracts and claims capabilities.
These presentations and schedule of analyst or institutional investors meet are also hosted on the Company’s website and can be accessed at https://ncclimited.com/analyst-column.html as well as sent to the Stock Exchanges. No unpublished price-sensitive information is discussed in meetings/presentations with institutional investors and financial analysts. Website The Company’s website (https://www.ncclimited.com/) co
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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