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NBCC - NBCC

📊 NSE: NBCC 🏢 Miscellaneous 📅 Last Updated: 12/14/2025 10:24

📢 Recent Corporate Announcements

NBCC Bags ₹775.27 Crore Redevelopment Orders from DDA

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 26 Feb 2026, 09:13 PM

NBCC (India) Limited has secured two significant work orders from the Delhi Development Authority (DDA) totaling approximately ₹775.27 crore. The projects involve the redevelopment of staff quarters in Old Rajinder Nagar (₹437.79 crore) and Safdarjung Development Area (₹337.48 crore) in New Delhi. These projects will be executed on a self-sustainable model, where funds are generated by selling a portion of the built-up area. This addition to the order book enhances revenue visibility for the company's Project Management Consultancy (PMC) segment.

Total contract value of ₹775.27 crore for two redevelopment projects in New Delhi.
Old Rajinder Nagar project valued at ₹437.79 crore with approximately 99,635 SQM built-up area.
Safdarjung Development Area project valued at ₹337.48 crore with approximately 65,925 SQM built-up area.
Projects to be executed as Project Management Consultancy (PMC) on a self-sustainable basis.
Contract values exclude GST and potential marketing fees to be determined later.

💡 This order reinforces NBCC's strong relationship with government bodies like DDA and significantly boosts its order book. Investors should maintain a positive outlook as these high-value PMC projects typically offer stable margins and long-term revenue visibility.

NBCC Secures Work Order Worth Rs 76.27 Crore from Dharanidhar University

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 23 Feb 2026, 03:11 PM

NBCC (India) Limited has bagged a new work order worth approximately Rs 76.27 crore for project management consultancy services. The contract involves the construction of academic buildings, hostels, and other infrastructure for Dharanidhar University in Keonjhar, Odisha. This domestic project is part of the company's regular business operations and adds to its existing order book in the institutional segment. While the order size is modest relative to NBCC's total portfolio, it reflects steady business momentum.

Total work order value is approximately Rs 76.27 crore excluding GST
Nature of the contract is Project Management Consultancy (PMC)
Project includes construction of academic buildings, hostels, and external development works
Client is Dharanidhar University, a domestic entity based in Keonjhar, Odisha
The order was received in the ordinary course of business on February 23, 2026

💡 Investors should treat this as a routine positive development that contributes to the company's revenue visibility. Focus on the company's overall execution efficiency and total order book growth for long-term assessment.

NBCC Discusses 139-Acre Island Infrastructure Project with Seychelles Delegation

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 23 Feb 2026, 12:34 PM

NBCC (India) Limited hosted a high-level delegation from the Republic of Seychelles to discuss a massive infrastructure development project covering approximately 139 acres. The proposed development includes diverse segments such as affordable social housing, premium villas, hospitality, and sports arenas. This initiative follows the CMD's visit to Seychelles in January 2026 and leverages NBCC's successful track record, such as the 2000-unit social housing project in the Maldives. NBCC is already executing the Indian Chancery Building and other residential units in Seychelles, indicating a strengthening international order book.

Proposed development of approximately 139 acres of island infrastructure in Seychelles.
Project scope includes affordable housing, premium villas, hospitality, and social infrastructure.
Builds on NBCC's international track record, including the 2000-unit Maldives housing project.
NBCC is currently executing the Indian Chancery Building and Cultural Centre in Seychelles.
The visit follows high-level deliberations by NBCC CMD in Seychelles in January 2026.

💡 Investors should monitor for formal contract signings or MoUs regarding the 139-acre project, as international projects typically offer better margins. The stock remains a key beneficiary of India's diplomatic infrastructure outreach.

NBCC Q3 FY26: Standalone PAT Jumps 53% YoY; Consolidated Order Book Hits ₹1.27 Lakh Cr

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 20 Feb 2026, 05:19 PM

NBCC reported a strong Q3 FY26 with standalone PAT growing 53% YoY to ₹196 crore and a consolidated order book reaching ₹1.27 lakh crore. The company secured a landmark Supreme Court verdict to complete Supertech projects, which includes 50,000 units and estimated receivables of ₹16,000 crore. Management also settled the Ghitorni land dispute, unlocking a revenue potential of ₹8,500 crore with an estimated profit of ₹4,000-5,000 crore expected by FY27-28. For FY27, the company has provided an ambitious top-line guidance of ₹16,000-18,000 crore.

Standalone PAT increased 53% YoY to ₹196 crore; Consolidated income rose 8% YoY to ₹3,022 crore.
Consolidated order book stands at ₹1.27 lakh crore, with ₹13,400 crore in new business secured during 9M FY26.
Supreme Court upheld NBCC's appointment for Supertech projects, involving ₹16,000 crore receivables and ₹9,500 crore construction cost.
Settlement of Ghitorni land dispute enables development of 21.23 acres with ₹8,500 crore revenue potential.
Management guides for FY27 revenue of ₹16,000-18,000 crore and a bottom line of ₹1,000-1,200 crore.

💡 Investors should focus on the company's massive order book and the resolution of major legal hurdles like Ghitorni and Supertech as long-term value creators. The stock remains a strong play on government redevelopment and stressed real estate resolution, though execution speed remains the key metric to monitor.

NBCC Sets Feb 25 as Record Date for 3rd Interim Dividend; Issues TDS Guidelines

🟡 NEUTRAL ⭐ 6/10

DIVIDEND 📅 20 Feb 2026, 01:03 PM

NBCC (India) Limited has finalized February 25, 2026, as the record date for its third interim dividend for the financial year 2025-26. This follows the board's approval of the dividend in their meeting held on February 18, 2026. The company has issued a formal communication regarding Tax Deduction at Source (TDS) requirements for shareholders. Investors seeking tax exemptions or lower deduction rates must submit necessary documentation by February 26, 2026.

Record date for the 3rd interim dividend (FY 2025-26) is Wednesday, February 25, 2026.
Deadline for submitting tax exemption documents is Thursday, February 26, 2026.
Shareholders must email documents to dividend.tax@nbccindia.com to claim TDS exemptions.
The dividend declaration was previously approved by the Board on February 18, 2026.
TDS will be deducted as per the Income Tax Act, 1961, following the Finance Act 2020 amendments.

💡 Eligible shareholders should ensure their PAN and bank details are updated and submit forms 15G/15H or other exemption certificates by Feb 26 to avoid higher tax deductions. Monitor the official website for the specific dividend amount per share if not already noted.

NBCC Declares 3rd Interim Dividend of Rs 0.12 per Share for FY 2025-26

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 18 Feb 2026, 04:56 PM

NBCC (India) Limited has announced its third interim dividend for the financial year 2025-26 during its board meeting on February 18, 2026. The board approved a dividend of Rs. 0.12 per equity share, which translates to 12% of the face value of Rs. 1 per share. The company has established February 25, 2026, as the record date to identify eligible shareholders. This consistent dividend payout reflects the company's commitment to returning value to its shareholders throughout the fiscal year.

Declared 3rd interim dividend of Rs. 0.12 per equity share for FY 2025-26
Dividend payout represents 12% of the paid-up equity share capital of face value Rs. 1
Record date for determining shareholder eligibility is fixed as February 25, 2026
The dividend will be paid within the statutory period stipulated under the Companies Act, 2013

💡 Investors interested in the dividend should ensure they hold the stock before the record date of February 25, 2026. The frequent interim dividends suggest stable cash flows, making it a point of interest for income-focused portfolios.

NBCC Secures New Work Orders Worth Rs 104.95 Crore from SAIL and NLC India

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 17 Feb 2026, 11:49 AM

NBCC (India) Limited has bagged two new work orders totaling approximately Rs 104.95 crore in its Project Management Consultancy (PMC) segment. The primary order, worth Rs 90.23 crore, involves the construction of a rehabilitation colony for NLC India Limited in Jharkhand. A secondary order of Rs 14.72 crore from SAIL's Rourkela Steel Plant covers sports infrastructure and hospital facility upgrades. These domestic projects reinforce NBCC's position as a preferred PMC partner for major Public Sector Undertakings (PSUs).

Total order value stands at Rs 104.95 crore excluding GST.
Rs 90.23 crore contract from NLC India for PMC services in Dumka, Jharkhand.
Rs 14.72 crore contract from SAIL Rourkela for infrastructure and modular OT renovation.
Both orders are domestic and secured in the ordinary course of business.

💡 Investors should consider this a positive but minor addition to NBCC's massive order book. Maintain focus on the company's ability to execute its larger redevelopment projects which drive significant revenue.

NBCC (India) Releases Audio Recording for Q3 and 9M FY26 Earnings Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 16 Feb 2026, 03:45 PM

NBCC (India) Limited has released the audio recording of its investor conference call held on February 16, 2026. The call focused on the company's financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure allows investors to review management's commentary on operational progress and future outlook. The recording is accessible via the company's official website and a direct MP3 link.

Investor conference call conducted on February 16, 2026, following Q3 FY26 results.
Management discussed financial performance for the nine months ended December 31, 2025.
Audio recording made available to the public via the company's investor relations portal.
Direct link provided for transparency: nbccindia.in/pdfData/investorPresentation/NBCC-Q39MFY26-16022026.mp3.

💡 Investors should listen to the recording to understand management's guidance on the current order book and execution timelines. No immediate trading action is required based on this routine administrative filing.

NBCC Board to Consider 3rd Interim Dividend on Feb 18; Record Date Set for Feb 25

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 13 Feb 2026, 08:21 PM

NBCC (India) Limited has scheduled a board meeting on February 18, 2026, to consider and potentially declare a third interim dividend for the financial year 2025-26. The company has proactively set February 25, 2026, as the record date to identify eligible shareholders should the dividend be approved. The trading window for insiders remains closed until 48 hours after the announcement. This follows the company's trend of regular dividend payouts during the current fiscal year.

Board meeting scheduled for February 18, 2026, to discuss a 3rd interim dividend for FY 2025-26
Record date for dividend eligibility fixed as February 25, 2026, subject to board approval
Trading window for insiders has been closed since January 01, 2026, and will remain so until 48 hours post-meeting
Dividend payment will be processed within the statutory timelines of the Companies Act, 2013

💡 Investors should watch for the dividend amount announcement on February 18 to calculate the yield. To be eligible for the payout, shares must be held in the demat account by the record date of February 25.

NBCC Board to Consider 3rd Interim Dividend on Feb 18; Record Date Set for Feb 25, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 13 Feb 2026, 08:19 PM

NBCC (India) Limited has scheduled a board meeting on February 18, 2026, to consider and potentially declare a third interim dividend for the financial year 2025-26. The company has already fixed February 25, 2026, as the record date to determine shareholder eligibility for this payout. This move follows the company's practice of regular dividend distributions to its shareholders. The trading window for insiders remains closed until 48 hours after the board's decision is announced.

Board meeting scheduled for February 18, 2026, to discuss the 3rd Interim Dividend for FY 2025-26.
Record date for determining shareholder eligibility is fixed as February 25, 2026.
Trading window for insiders has been closed since January 01, 2026, to ensure regulatory compliance.
Dividend payment, if approved, will be processed within the timelines stipulated by the Companies Act, 2013.

💡 Investors interested in the dividend should monitor the February 18 announcement for the specific quantum per share. To be eligible for the payout, shares must be held in the demat account by the record date of February 25.

NBCC Q3 FY26 Results: Consolidated PAT Surges 53% YoY to ₹197 Cr; Order Book at ₹1.27 Lakh Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 07:18 PM

NBCC reported a strong bottom-line performance for Q3 FY26, with consolidated Net Profit (PAT) growing by 52.88% YoY to ₹196.60 crore. While revenue growth was modest at 2.84% YoY reaching ₹3,022.39 crore, the company demonstrated significant margin improvement as PBT rose by 49.10%. The consolidated order book remains robust at ₹1,26,790 crore, providing high revenue visibility for the coming years. Additionally, the company secured new business worth ₹3,100 crore during the quarter, led by redevelopment and PMC projects.

Consolidated PAT increased by 52.88% YoY to ₹196.60 crore in Q3 FY26
Consolidated Order Book stands at a massive ₹1,26,790 crore as of December 31, 2025
Secured new business worth ₹3,100 crore during Q3 FY26, including a ₹643 crore redevelopment project in Ghaziabad
Standalone PMC segment revenue grew 11.54% YoY, while EPC revenue saw a sharp decline of 73.95% YoY
Employee productivity improved significantly with PAT per employee rising to ₹0.41 crore from ₹0.28 crore

💡 Investors should focus on the company's transition towards high-margin redevelopment projects and its massive order-book-to-bill ratio. The stock remains a strong play on government infrastructure spending and urban renewal.

NBCC Q3 FY26 Net Profit Jumps 52% to ₹196 Crore; Revenue Grows 18% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 03:50 PM

NBCC (India) Limited reported a robust performance for the quarter ended December 31, 2025, with standalone net profit rising 52.4% YoY to ₹196.03 crore. Revenue from operations increased by 18.6% to ₹2,029.88 crore compared to the same period last year. The bottom line was significantly bolstered by an exceptional gain of ₹80.15 crore following a Supreme Court order reversing a previous inventory write-down for the Kochi project. While operational growth is strong, the company continues to carry a large provision of ₹468.82 crore for structural issues at its Gurugram project.

Standalone Net Profit rose to ₹196.03 crore in Q3 FY26, up from ₹128.60 crore in Q3 FY25.
Revenue from operations grew 18.6% year-on-year to reach ₹2,029.88 crore.
Exceptional gain of ₹80.15 crore recorded due to the reversal of a previous loss provision for the Kochi real estate project.
Earnings Per Share (EPS) increased to ₹0.73 from ₹0.48 in the year-ago quarter.
Total provisions and write-offs for the NBCC Green View Gurugram project remain at ₹468.82 crore due to structural defects.

💡 Investors should view the strong revenue growth and the legal victory in the Kochi project as positive catalysts, but remain cautious regarding the ₹404 crore contingent VAT liability and ongoing Gurugram litigations.

NBCC to Host Q3 FY26 Earnings Conference Call on February 16, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 10 Feb 2026, 03:39 PM

NBCC (India) Limited has scheduled its earnings conference call for Monday, February 16, 2026, at 11:00 AM IST to discuss its Q3 FY25-26 performance. The call will cover the unaudited financial results for the quarter and the nine-month period ended December 31, 2025. Senior management, including the Chairman-Cum-Managing Director and Director of Finance, will be present to address investor queries. This routine interaction is hosted by Ventura Securities Limited and provides a platform for management to share operational updates.

Earnings conference call scheduled for February 16, 2026, at 11:00 AM IST.
Discussion will focus on unaudited financial results for Q3 FY26 and the nine months ended Dec 31, 2025.
Management representation includes CMD Shri K.P Mahadeva Swamy and Director (Finance) Shri Anjeev Kumar Jain.
The call is being hosted by Ventura Securities Limited with international dial-in options for the USA, UK, Hong Kong, and Singapore.
The session will be held at the NBCC Office in New Delhi and is subject to change based on company exigencies.

💡 Investors should attend or review the transcript of the call to understand the company's current order book status and execution guidance for the next fiscal year. Key metrics to watch include revenue growth in the PMC segment and updates on redevelopment projects.

NBCC to Complete 16 Stalled Supertech Projects Worth ₹9,445 Crore After SC Approval

🟢 POSITIVE ⭐ 9/10

LEGAL 📅 06 Feb 2026, 05:29 PM

The Supreme Court has officially approved NBCC (India) Limited to take over and complete 16 stalled projects of Supertech Limited. This massive undertaking involves the construction of 49,748 houses across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The total tentative construction cost is estimated at ₹9,445 crore, providing significant revenue visibility for the company. NBCC will earn a Project Management Consultancy (PMC) fee of 8% on the project cost, reinforcing its position as a specialist in resolving stalled real estate developments.

Supreme Court upholds NCLAT order for NBCC to complete 16 stalled Supertech projects
Project involves the construction of 49,748 houses across four Indian states
Estimated construction cost is approximately ₹9,445 crore including 3% contingency
NBCC to earn a PMC fee of 8%, which includes a 1% marketing fee component

💡 Investors should look favorably on this development as it significantly expands NBCC's order book and guarantees steady fee-based income. Monitor the company's execution progress and the release of the detailed court order for specific timelines.

NBCC Secures New Work Orders Worth Rs 39.5 Crore from Government Clients

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 06 Feb 2026, 05:04 PM

NBCC (India) Limited has secured three new work orders totaling approximately Rs 39.5 crore in its ordinary course of business. The largest contract, valued at Rs 20.35 crore, involves Project Management Consultancy (PMC) services for the Ordnance Factory in Chandigarh. Other projects include civil renovation for Power Grid Corporation in Jammu (Rs 16.99 crore) and O&M support for Bharat Vandana Park in Delhi (Rs 2.16 crore). These wins demonstrate the company's continued ability to secure diverse projects from various government and PSU entities.

Total value of new work orders is approximately Rs 39.5 crore excluding GST.
Ordnance Factory Chandigarh awarded a PMC contract worth Rs 20.35 crore for building construction and clean room facilities.
Power Grid Corporation of India Limited awarded a Rs 16.99 crore contract for civil renovation of its Jammu regional office.
Delhi Development Authority (DDA) provided a Rs 2.16 crore order for interim O&M support for Bharat Vandana Park.

💡 Investors should view this as a routine positive development that adds to the company's order book. While the individual contract sizes are relatively small for NBCC, the steady inflow of government orders remains a key driver for long-term revenue visibility.

View All NBCC Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 14.18% to INR 8,648 Cr in FY23 from INR 7,574 Cr in FY22. Revenue is projected to grow by ~30% in FY25, driven by a 6-7% medium-term growth expectation in the PMC segment and a massive ramp-up in redevelopment projects.

Geographic Revenue Split

While primarily India-focused, NBCC has global footprints in Maldives, Mauritius, Botswana, Niger, and Nepal. Overseas operations contribute to long-term revenue visibility, though specific % split by country is not disclosed in available documents.

Profitability Margins

Net profit ratio improved significantly by 27.27% YoY to 5.46% in FY25 from 4.29% in FY24. PAT increased 16.8% to INR 278 Cr in FY23. Operating margins are expected to remain range-bound at 4-5% over the medium term as execution of high-margin redevelopment projects offsets high overheads.

EBITDA Margin

Standalone operating profit margin (EBITDA) improved to 5.81% in FY25 from 5.47% in FY24. This improvement is attributed to better cost absorption and the normalization of execution cycles across business domains.

Capital Expenditure

NBCC maintains a debt-free position with no major planned debt-funded CAPEX. Cash accruals are projected to exceed INR 550 Cr per annum, which supports internal funding for operational requirements and project-specific needs.

Credit Rating & Borrowing

Maintains a 'CRISIL AA/Stable' rating. The company is debt-free (0% gearing) with no plans to take debt in the future, resulting in negligible borrowing costs and high financial flexibility.

⚙️ Operational Drivers

Raw Materials

As a PMC-led firm, direct raw material costs like steel and cement are largely borne by sub-contractors; however, NBCC manages these through back-to-back arrangements. Employee costs (salaries) represent the primary internal overhead, which impacted margins when projects were stuck.

Import Sources

Not disclosed in available documents as procurement is handled by third-party contractors under NBCC's supervision.

Key Suppliers

NBCC assigns projects to third-party contractors through tenders and back-to-back arrangements, transferring execution and cost pass-through risks to these entities.

Capacity Expansion

Not applicable in a traditional manufacturing sense. Operational capacity is measured by its order book, which stands at INR 1,28,000 Cr (Consolidated) as of November 2025, with INR 44,000 Cr of projects currently in active execution.

Raw Material Costs

Direct material costs are not a fixed % of revenue for NBCC due to its PMC model; however, PMC margins have moderated to 5-8% from 7-10% previously due to increased competition and cost pressures.

Manufacturing Efficiency

Efficiency is tracked via project execution speed. The company targets an annual execution of INR 12,500 Cr to INR 13,000 Cr against its massive INR 1.28 Lakh Cr order book.

Logistics & Distribution

Not disclosed as a standalone metric; logistics are managed by third-party contractors as part of the civil construction process.

📈 Strategic Growth

Expected Growth Rate

30%

Growth Strategy

Growth will be achieved through the execution of the INR 1,28,000 Cr order book, focusing on high-margin redevelopment projects and diversification through subsidiaries like HSCC (healthcare) and HSCL (steel plants). The company is also expanding its PMC fee structure by adding a 1% marketing fee on top of the standard 8% PMC charge.

Products & Services

Project Management Consultancy (PMC) for civil and industrial infrastructure, residential and commercial real estate development, and specialized redevelopment projects.

Brand Portfolio

NBCC (India) Limited, HSCC (India) Ltd (Hospital Services), HSCL (Hindustan Steelworks Construction Limited), and NSL (NBCC Services Limited).

New Products/Services

Expansion into specialized domains like animal hospitals (African Zoo project - INR 355 Cr) and land development for the Department of Posts across India.

Market Expansion

Targeting state-level industrial development (RIICO - INR 3,136 Cr) and urban infrastructure (Naveen Nagpur - INR 3,000 Cr).

Market Share & Ranking

NBCC holds a dominant market position as a 'Navratna' PSU and a leading Public Works Organization (PWO) in the PMC segment in India.

Strategic Alliances

Joint Ventures include NBCC-AB JV (50%), NBCC-MHG JV (50%), and NBCC R.K. Millen (50%). It also partners with HUDCO for project financing.

🌍 External Factors

Industry Trends

The industry is shifting toward large-scale urban redevelopment and specialized infrastructure (healthcare/education). NBCC is positioning itself as a 'turnaround specialist' for failed private projects, such as the Amrapali housing projects.

Competitive Landscape

Competes with other PWOs and private players like L&T, though its PSU status provides a distinct advantage in government contracting.

Competitive Moat

Moat is built on its 'Navratna' status, which allows it to receive government projects on a nomination basis, and its debt-free, asset-light PMC model which provides high financial stability.

Macro Economic Sensitivity

Highly sensitive to government infrastructure spending and economic growth cycles, as the construction sector is inherently cyclical.

Consumer Behavior

Shift in government preference toward transparent, timely execution and specialized infrastructure development is driving demand for NBCC's consultancy services.

Geopolitical Risks

Operations in regions like Libya, Iraq, and Yemen present geopolitical risks that could impact international project timelines and profitability.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Ministry of Urban Development and comply with Section 133 of the Companies Act, 2013.

Environmental Compliance

Follows ISO 31000:2018 and has implemented digital enablement for operational efficiency, though specific ESG costs are not disclosed.

Taxation Policy Impact

Subject to standard Indian corporate tax rates; specific fiscal impacts are not detailed beyond Ind AS compliance.

Legal Contingencies

Exposed to significant off-balance sheet liabilities including pending claims from clients and bank guarantees. These contingent liabilities are a key monitorable for liquidity risk.

⚠️ Risk Analysis

Key Uncertainties

Execution risk is the primary uncertainty, as a large portion of the INR 1.28 Lakh Cr order book is in early stages. A drop in operating margins below 2% is a key downward rating sensitivity.

Geographic Concentration Risk

Heavy concentration in India, particularly in government-led urban development and redevelopment zones.

Third Party Dependencies

High dependency on third-party sub-contractors for physical execution, making NBCC vulnerable to contractor delays or financial instability.

Technology Obsolescence Risk

Low risk, but the company is focusing on digital enablement and structured communication to maintain operational efficiency.

Credit & Counterparty Risk

Strong counterparty profile as most clients are government entities; however, the company faces liquidity risks from potential claims and contingent liabilities.