NSE: NCC | BSE: 500294

Value Stock, Under Radar

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149.87 1.42 (0.96%)

New 52W Low in past week

3.1M NSE+BSE Volume

NSE 13 Jan, 2026 3:31 PM (IST)

9,409.5

Market Cap

High in industry

Beta 1Year

Very High Volatility

NCC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NCC, BSE:500294 NCC Ltd.

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NCC Ltd.

02 Jan 2026

149.87

0.96%

We expect the near-term outlook to remain subdued due to continued delays in JJM project payments and challenges in working capital management. However, the strong order book and healthy traction in new project awards provide good revenue visibility. We project a revenue CAGR of 9% over FY25FY27, with a meaningful recovery expected from H2FY26. We maintain BUY rating and value NCC at 11x...

Number of FII/FPI investors decreased from 238 to 197 in Dec 2025 qtr

NCC Ltd.

09 Nov 2025

149.87

0.96%

NCC Ltd.

Buy: NCC Ltd.

Target

ICICI Direct

Weak Quarter; Most of the pain priced in! About the stock: NCC is one of the leading infrastructure companies with Well-diversified order backlog, robust execution capabilities, and a strong focus on working capital to be key over next few years Q2FY26 Performance: NCC on standalone basis, reported a weak set of numbers for Q2FY26, with revenue at 3,726 crore, down 16.2% YoY, impacted by sluggish execution owing to extended monsoon. EBITDA declined 30.8% YoY to 277.5 crore, while margins contracted by 158 bps YoY to 7.4%. PAT stood at 101 crore,...

NCC Ltd. is trading below all available SMAs

NCC Ltd.

09 Nov 2025

149.87

0.96%

Performance undershoots our expectation; execution uncertainty clouds forecast

Hold: NCC Ltd.

Recommendation Target

ICICI Securities Limited

NCC’s Q2FY26 reported a decline of 16% in revenues in Q2FY26 (vs I-Sec’s flat expectation). The execution was negatively impacted on account of low execution in existing order book for water segment (due to payment delays), prolonged monsoon and Co delay in start of work on order received during FY25 (40% of current order book).

Number of MF schemes decreased from 34 to 24 in Dec 2025 qtr

NCC Ltd.

07 Nov 2025

149.87

0.96%

NCC: Q2FY26 Result Review

Buy: NCC Ltd.

Target

IDBI Capital

NCC Limited reported a soft quarter as execution headwinds and workingcapital strain weighed on results. Consolidated revenue declined 12% YoY to Rs45.8bn vs 52.2bn in Q2FY25 with EBITDA at Rs3.9bn, reflecting a margin of 8.7% versus 8.5% last year. PAT stood at Rs1.55bn with a net margin of 3.4%. On a standalone basis, revenue fell 16% YoY to Rs37.7bn while PAT dropped 37% YoY to Rs1.bn. H1 FY26 revenue was Rs97.9bn, down 9.3% YoY, reflecting a calibrated execution approach amid delayed project mobilization, extended monsoons, and elongated client payment cycles. Management cited heavy rainfall across multiple states, ROW delays, and slower receipts in water/JJM...

NCC has lost -32.43% in the last 6 Months

NCC Ltd.

07 Aug 2025

149.87

0.96%

NCC: Q1FY26 Result Review

Buy: NCC Ltd.

Recommendation Target

IDBI Capital

NCC Limited reported a muted financial performance for Q1 FY26, with consolidated revenue declining by 6.3% YoY to Rs52bn. PAT stood at Rs1.9bn, reflecting an 8.5% drop YoY. This decline was largely driven by execution delays and slower turnover, which echoed the concerns raised in Q3 FY25. Despite the revenue softness, EBITDA margins remained relatively stable at approximately 8.8%, aided by disciplined cost control and project management practices. EPS for the quarter came in at Rs3.06, compared to Rs3.34 in Q1 FY25. We maintain our rating to BUY, revising the target price to Rs247, valued at 12x FY27E EPS. A...

Geojit BNP Paribas decreased Buy price target of NCC Ltd. to 201.0 on 02 Jan, 2026.

NCC Ltd.

07 Aug 2025

149.87

0.96%

Pick up in execution to drive growth

Buy: NCC Ltd.

ICICI Securities Limited

NCC has a strong orderbook at INR 701bn with book-to-bill ratio of 3.7x TTM revenue – one of the highest in the industry. It has already bagged orders worth INR 65bn in FY26-YTD with guidance of INR 220bn OI for FY26.

NCC has lost -32.43% in the last 6 Months

NCC Ltd.

21 May 2025

149.87

0.96%

NCC LIMITED

Buy: NCC Ltd.

Target

Geojit BNP Paribas

Geojit BNP Paribas decreased Buy price target of NCC Ltd. to 201.0 on 02 Jan, 2026.

NCC Ltd.

18 May 2025, 12:00AM

149.87

0.96%

A muted year; bulging order book bodes well

Buy: NCC Ltd.

Target

ICICI Securities Limited

NCC reported a revenue of INR 193bn, flat YoY despite having a book-to-bill ratio of 3.7x. EBITDA and PAT for the year were down 5% YoY each, at INR 175bn and INR 8bn, respectively.