NCC Ltd (NCC) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

NCC is a leading infrastructure and construction enterprise headquartered in Hyderabad, India. Established in 1978, the company has built a strong legacy in the Indian infrastructure sector, with a diverse portfolio spanning multiple verticals such as Buildings, Transportation, Water and Environment, Irrigation, Mining, Railways and Electrical (T&D). The company stands tall as a conglomerate encompassing various facets of construction and infrastructure building. The key focus of the company has always been to deliver on time adopting the best practices in the industry and conforming to high quality standards. Not restricting its operations to the city of its inception, the company has forayed into multifaceted ventures across the country.

The company was established as a Partnership firm in 1978, which was subsequently converted into a limited Company in 1990. The shares of the Company, was listed on the stock exchanges in India, in 1992 pursuant to Public offer of equity shares. 

Business verticals

• Buildings: Buildings & housing are key measures of the growth and development of a nation, reflecting the living standards of its citizens. NCC has been a major player in this area, having contributed to construction, including industrial buildings, commercial buildings, housing projects, IT parks, shopping malls, sports complexes, hospitals and stadiums.
• Transportation: A strong transportation network shortens the mile, paving the way for better connectivity. Roads form the heart-line of transportation, establishing accessibility to the remotest part of the country, helping maximise economic and social benefits. NCC has proved to be a reliable executor of large-scale contracts within tight schedules. Working hand-in-hand with the government, NCC is working to transform the roads & highways network in the country.
• Water & Environment: Water has become a source of concern across the globe with the rapid degradation of the environment and unbridled exploitation of natural water resources. Management of water and waste water has assumed enormous significance and NCC plays a crucial role in this field. NCC has augmented its expertise to be able to execute various water supply, drainage systems and sewage treatment plants through specialised systems for high-value projects.
• Irrigation: The lifeline of farmers and the basic necessity to feed the vast population, irrigation infrastructure includes a network of major, medium and minor canals from Indian rivers, groundwater, well-based systems, tanks, and other rainwater harvesting projects for agricultural activities.
• Mining: Spurred by the government of India's firm plans for private sector participation in the mining sector, NCC is digging into this business through Mine Developer-cum- Operator (MDO), removal of overburden and extraction and transportation of coal from Open Cast Mines in India.
• Railways: The development of the nation is kept on track by the smooth movement of people and goods. NCC has undertaken to keep the wheels of growth in constant motion by engaging in projects involving dedicated freight corridors, zonal railway projects and private railway sidings.
• Electrical (T&D): The growing need for electrification across the nation has resulted in the impetus given by the government to speedily impart accessibility to power. NCC’s Electrical Division is equipped to handle extensive and demanding electrical construction projects. The vast repertoire of expertise in design, engineering, erection, testing and commissioning of EHV/ HV sub-stations & transmission lines, high voltage distribution systems, feeder separation schemes, have helped NCC plug in its strengths to various projects.

Business area of the company

NCC is primarily engaged in the construction of public assets such as buildings, roads, water supply networks, and urban infrastructure.

Awards and recognitions

1999-02

• Awarded Safety Certificate by National Aluminum Company (NALCO) for maintaining highest standards of safety while constructing a factory at Damanjodi, Odisha
• Received “Outstanding Concrete Structure of the Year” award for Shilpakalavedika, a state-of-the-art auditorium in Hyderabad

2003-04

• Received “Outstanding Concrete Structure of the Year” award for Main Athletic Stadium, Gachibowli, Hyderabad
• Awarded for “Excellent Aesthetics Matching with Environment” for a project encompassing flyover, bridge, pedestrian subway and allied structures at Latur, Maharashtra

2005-06

• Only construction company in India to be ranked in Forbes Asia’s 200 “Best Under a Billion” list in Asia Pacific
• Rated as the “Fastest Growing Construction Company in India” by Construction World-NICMAR study

2007-10

• Ranked as the “2nd Largest Construction Company in India” by Construction World-NICMAR study
• NCC’s Annual Report and Accounts for Year ended 31st March, 2009 were adjudged as “2nd best” under the category “Infrastructure & Construction Sector” by ICAI Awards for Excellence in Financial Reporting

2015-16

• National Award for “Excellence in Cost Management” for the year 2015 by The Institute of Cost Accountants of India
• Viswakarma Awards 2016 by Construction Industry Development council (CIDC) New Delhi

2018-19

• NCC Ltd has received an Award for “Top 100 Best Organizations with Innovative HR Practices” 
• NCC Ltd has received “Telangana’s Best Employer Brand” awards at 13th Employer Branding Awards hosted by World HRD Congress & CHRO Asia 

2019-20

• NCC Ltd consecutively for the third time received “Telangana’s Best Employer Brand” awards at 14th Employer Branding Awards hosted by World HRD Congress & CHRO Asia 
• NCC Ltd received “Dun & Bradstreet Best HR Practices 2019” in the functions of Talent Acquisition, Recruitment, Retention, Compensation & Benefits, Employee Engagement, Training & Development, Performance Management, Talent Management, Team Management & Leadership, Industrial Relations and CSR.

2023-24

• NCC was honoured with the prestigious BUILD INDIA INFRA 2024 AWARD for the Nagpur Metro Project in the category of Sustainability.
• NCC won multiple Public Relations Society of India (PRSI) National Awards For Corporate Communications & CSR.
• NCC won multiple excellence awards at Public Relations Council of India (PRCI’s) 17th Global Communication Conclave in various categories - Gold for Samashti - In-house Magazine; Silver for CSR; Bronze for Social Media.
• NCC Won Three Awards at The 21st Edition of The Construction World Global Awards held in New Delhi in October 2023.
• In June,2023, NCC was awarded the first position under the category of ‘Infrastructure & Construction’ by the Institute of Cost Accountants of India for Excellence in Cost Management.
• NCC won the first prize in the Amazon Web Series (AWS) Innovation Program for ground-breaking and innovative approach of its Asset Management Division (AMD) to digitize operational value chain and improve productivity.

2024-25

• KREIS awarded NCC a Certificate of Excellence for constructing the Babu Jagjivan Ram Auditorium, a 2,000-seat facility known for its hyperbolic roof and innovative space-frame structure.
• NCC received a Certificate of Appreciation for timely completion of critical works in Chapra’s RDSS Power Distribution Project ahead of Bihar CM’s visit, showcasing superior planning and execution under pressure.
• NCC was honoured with the ET Feather Touch Business Innovation Award 2024 for its impactful CSR initiatives in skill development, received at a grand event in Bengaluru by the Corporate Communications team.
• NCC bagged 3rd place as the fastest growing construction company in the ultra-large category at the 22nd CW Global Awards, underscoring its scale, speed, and consistent sectoral leadership.
• NCC received the HMTV Business Excellence Award for Real Estate & Infrastructure in Hyderabad, affirming its leadership and innovation in delivering landmark infrastructure and urban development projects.
• NCC won four PRSI National Awards in Raipur: Best CSR (Childcare), Social Media for PR, Sustainability Development Report, and Annual Report, marking excellence in communication, outreach, and transparency.
• NCC was felicitated for the successful execution of Phases 1-3 of UP’s SWSM projects under the Jal Jeevan Mission. State dignitaries presented the recognition in recognition of efforts to enhance rural drinking water infrastructure.

Milestones 

• 1978: NCC took birth as a partnership company.
• 1990: Transformed into a Public Limited Co.
• 1992: Listed in BSE with Initial Public Offering.
• 1995: Achieved a turnover of Rs 100 crore.
• 2002: Crossed a milestone of Rs 1000 crore turnover.
• 2011: Further strides to cross Rs 5000 crore.
• 2018: The company had order value at Rs 32,500 crore.
• 2019: In FY19, NCC's turnover surpassed Rs 12,000 crore.
• 2022: In the year 2022 its Order Book touches the figure of Rs 40,000 crore.
• 2023: Achieved revenue of Rs 13,504 crore with an order book of Rs 50,244 crore.
• 2024: Recorded revenue of Rs 20,971 crore with an order book of Rs 57,536 crore.
• 2025: Registered revenue of Rs 22,355 crore with an orderbook of Rs 71,568 crore.