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NBCC (India) Ltd logo

NBCC (India) Ltd

NSE: NBCC BSE: 534309

â‚ą94.80

(1.31%)

Wed, 05 Aug 2026, 00:26 am

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NBCC (India) Analysis

dividend

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Pros

  • Dividends paid are covered by earnings (1.2x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
  • NBCC (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Dividend payments have increased, but NBCC (India) only paid a dividend in the past 8 years.
  • NBCC (India) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • NBCC (India)'s dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • Cash flow for NBCC (India) is expected to increase by more than 50% in 2 years time.
  • NBCC (India)'s earnings are expected to grow significantly at over 20% yearly.
  • NBCC (India)'s earnings growth is expected to exceed the India market average.
  • NBCC (India)'s earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • NBCC (India)'s earnings are expected to exceed the low risk growth rate next year.
  • NBCC (India)'s net income is expected to increase by more than 50% in 2 years time.
  • NBCC (India) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
  • Performance (ROE) is expected to be above the current IN Construction industry average.
  • An improvement in NBCC (India)'s performance (ROE) is expected over the next 3 years.
  • NBCC (India)'s revenue growth is expected to exceed the India market average.
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Cons

  • NBCC (India)'s revenue is expected to increase but not above the 50% threshold in 2 years time.
  • NBCC (India)'s revenue is expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).

health

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Pros

  • NBCC (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NBCC (India) is profitable, therefore cash runway is not a concern.
  • NBCC (India) is profitable, therefore cash runway is not a concern.
  • NBCC (India) has no debt, it does not need to be covered by operating cash flow.
  • NBCC (India) has no debt, it does not need to be covered by short term assets.
  • NBCC (India)'s cash and other short term assets cover its long term commitments.
  • NBCC (India) currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • NBCC (India) has no debt, therefore coverage of interest payments is not a concern.
  • NBCC (India) has no debt.
  • Low level of unsold assets.
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Cons

    management

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    Pros

    • The tenure for the NBCC (India) management team is about average.
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    Cons

    • The average tenure for the NBCC (India) board of directors is less than 3 years, this suggests a new board.

    misc

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    Pros

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      Cons

      • NBCC (India) is covered by less than 3 analysts.
      • NBCC (India) has significant price volatility in the past 3 months.

      past

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      Pros

      • NBCC (India)'s year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
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      Cons

      • NBCC (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
      • It is difficult to establish if NBCC (India) has efficiently used its assets last year compared to the IN Construction industry average (Return on Assets) as it is loss-making.
      • NBCC (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • NBCC (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
      • NBCC (India)'s 1-year earnings growth is negative, it can't be compared to the IN Construction industry average.

      value

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      Pros

      • NBCC (India)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
      • NBCC (India)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
      • NBCC (India) is good value based on expected growth next year.
      • BSE:534309 is up 24.1% outperforming the Construction industry which returned 7.1% over the past month.
      • BSE:534309 is up 24.1% outperforming the market in India which returned 8% over the past month.
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      Cons

      • NBCC (India) is overvalued based on assets compared to the IN Construction industry average.
      • NBCC (India) is overvalued based on earnings compared to the IN Construction industry average.
      • NBCC (India) is overvalued based on earnings compared to the India market.
      • 534309 underperformed the Construction industry which returned -40% over the past year.
      • 534309 underperformed the Market in India which returned -14.5% over the past year.

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