Is It the Right Time to Buy NCC Stock in India in 2025?
Is it the right time to buy NCC?
ScoreAs of early July 2025, NCC Limited is trading at approximately ₹224.77 on the NSE, with an average daily trading volume of 4.33 million shares. The past year has seen the stock undergo a technical correction, down around 34% over twelve months. Nevertheless, NCC's fundamentals remain robust: FY25 net profits grew by 16.8% and annual revenue increased by 6.5%, driven by a strong order book and successful diversification into water, energy, and transport projects. Notably, in recent months, NCC secured new orders worth over ₹3,350 crore, supporting visibility and growth prospects for the next 2-3 years. Market sentiment is stabilizing, with technical indicators suggesting current valuations are approaching key support levels. Against the backdrop of ongoing government infrastructure investment and a healthy 9% EBITDA margin, the consensus target price from over 11 national and international banks stands at ₹292—significantly above current levels. While short-term volatility persists, India's infrastructure boom positions NCC as a resilient sector leader, offering investors a constructive long-term opportunity.
- ✅Strong project order book provides earnings visibility for the next 2-3 years.
- ✅Consistent annual revenue and net profit growth backed by sector expansion.
- ✅Leader in civil construction with over 45 years of technical expertise.
- ✅High return on capital employed (ROCE) at 22.1%, indicating operational efficiency.
- ✅Expanding into water, energy, and international markets enhances diversification.
- ❌Profit margins remain under pressure amidst an intensely competitive industry landscape.
- ❌Revenue growth partly sensitive to future shifts in government infrastructure spending.
Score- ✅Strong project order book provides earnings visibility for the next 2-3 years.
- ✅Consistent annual revenue and net profit growth backed by sector expansion.
- ✅Leader in civil construction with over 45 years of technical expertise.
- ✅High return on capital employed (ROCE) at 22.1%, indicating operational efficiency.
- ✅Expanding into water, energy, and international markets enhances diversification.
Is it the right time to buy NCC?
- ✅Strong project order book provides earnings visibility for the next 2-3 years.
- ✅Consistent annual revenue and net profit growth backed by sector expansion.
- ✅Leader in civil construction with over 45 years of technical expertise.
- ✅High return on capital employed (ROCE) at 22.1%, indicating operational efficiency.
- ✅Expanding into water, energy, and international markets enhances diversification.
- ❌Profit margins remain under pressure amidst an intensely competitive industry landscape.
- ❌Revenue growth partly sensitive to future shifts in government infrastructure spending.
Score- ✅Strong project order book provides earnings visibility for the next 2-3 years.
- ✅Consistent annual revenue and net profit growth backed by sector expansion.
- ✅Leader in civil construction with over 45 years of technical expertise.
- ✅High return on capital employed (ROCE) at 22.1%, indicating operational efficiency.
- ✅Expanding into water, energy, and international markets enhances diversification.
- What is NCC?
- What is the price of NCC stock?
- Our Full Analysis of the NCC Stock
- How to buy NCC stock in India?
- Our 7 Tips for Buying NCC Stock
- The latest news about NCC
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of NCC for over three years. Every month, lakhs of users in India trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by NCC.
What is NCC?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | India | Leading Indian infrastructure and construction firm with strong local sector presence. |
| 💼 Market | NSE, BSE | Listed on both major Indian exchanges for high liquidity and accessibility. |
| 🏛️ ISIN code | INE868B01028 | Official security identifier for NCC on Indian stock markets. |
| 👤 CEO | Alluri Ananta Venkata Ranga Raju | The Managing Director has led the company’s growth since 2012. |
| 🏢 Market cap | ₹14,106 crores | Solid large mid-cap, with significant institutional and retail ownership. |
| 📈 Revenue | ₹22,199 crores (FY25) | Strong annual growth driven by new project orders and sector momentum. |
| 💹 EBITDA | ~9% margin (FY25); ~₹2,000 crores estimated | Stable profit margins despite competitive construction sector pressures. |
| 📊 P/E Ratio (Price/Earnings) | 17.2 | Attractive and in line with industry—reflects steady earnings expectations. |
What is the price of NCC stock?
The price of NCC stock is down this week. Currently, the share is trading at ₹224.77, showing a 24-hour decrease of ₹0.23 and a weekly decline of 2.18%. NCC’s market capitalization stands at ₹14,106 crores, supported by an average three-month daily trading volume of about 4.33 million shares. The P/E Ratio is 17.2, the dividend yield is 0.98%, and the stock beta is 1.54, pointing to moderate volatility. This strong trading activity and stable fundamentals may offer medium-term opportunity as market sentiment improves.
Our Full Analysis of the NCC Stock
After a thorough review of NCC’s most recent financial statements and its share price evolution over the past three years, this analysis integrates diverse perspectives using our proprietary algorithms—blending financial metrics, technical signals, market positioning, and competitive benchmarking. Such a multifaceted approach enables us to identify key value drivers for investors. So, why might NCC stock once again become a strategic entry point into the infrastructure and construction sector in 2025?
Recent performance and market context
NCC’s stock price currently trades at ₹224.77, following a recent weekly decline of 2.18% and a more pronounced correction of 33.85% over the last year. Despite these setbacks, the company’s five-year track record places it at the forefront of India’s robust infrastructure theme. Fiscal 2025 marked significant contract wins, with over ₹3,350 crores in new building and engineering orders secured in the last quarter alone, bolstering a forward order book that provides strong revenue visibility for the next two to three years. The company’s ability to maintain steady cash flows and deliver above-consensus quarterly earnings in volatile market conditions speaks to experienced management and resilience. Importantly, the broader macroeconomic environment remains highly favorable: major government infrastructure spending initiatives are ramping up, urbanization continues, and initiatives targeting water, energy, and transport modernization ensure sustained demand for leading contractors like NCC.
Technical analysis
A close look at technical signals for NCC suggests that the stock is approaching a compelling inflection point. The RSI (14-day) stands at 45.8, in the neutral zone and edging upward, indicating dissipating selling pressure. The MACD (-0.4) points to mild bearishness, but this is largely a function of prior sharp declines rather than a sign of underlying weakness. Short-term moving averages (20- and 50-day) are just above the current price, while the 100-day trendline acts as support around ₹213, signaling a potential base for recovery. Critically, the 200-day moving average rests at ₹249.5, marking a key upside resistance; a breach of this level could trigger a momentum-driven rally. With strong support at ₹223 and robust volume observed at these levels, technical structure now appears strongly favorable for a risk-managed entry, especially if positive catalysts reinforce the trend.
Fundamental analysis
NCC’s fundamentals remain among the most solid in India's infrastructure landscape. Annual revenues grew 6.5% to ₹22,199 crores in FY25, while net profits increased 16.8% to ₹868 crores and EPS improved to ₹13.06, reflecting operational discipline. An EBITDA margin of approximately 9% and a healthy ROCE of 22.1% outpace the sector average, underlining financial quality and project execution prowess. The current P/E ratio of 17.2 stands at a discount to many industry peers, despite NCC’s larger scale and proven ability to secure high-margin projects. Furthermore, dividend yield at 0.98% signals steady cash generation and a commitment to shareholder returns—features often associated with mature, reliable businesses. The company’s unmatched depth in civil engineering, successful geographic expansion into high-growth regions (Oman, UAE), and sectoral diversification (including energy and water) provide further de-risking and strengthen long-term earnings potential.
Structural advantages worth noting:
- Market leadership in Indian civil and industrial construction.
- A multi-year order book, delivering high revenue visibility and pricing power.
- Innovation in execution, with strong technical teams and digital project management driving efficiency.
- A history of adapting rapidly to sector trends, including sustainable “green” infrastructure projects.
Volume and liquidity
Market confidence in NCC is reinforced by consistently high trading volumes, averaging 4.33 million shares per day over the last quarter. With a market capitalization of ₹14,106 crores, NCC maintains a healthy balance between institutional and retail investor participation. The stock’s float structure features increasing promoter holdings, now at 22.1%, reflecting management alignment with long-term value creation, while nearly 29% is held by domestic and foreign institutional investors—a testament to widespread confidence. Liquidity remains strong across both NSE and BSE, ensuring that investors can efficiently adjust positions even during periods of heightened volatility. The stock’s beta of 1.54 (1-year) suggests responsiveness to both market upswings and sector-specific rallies, yet risk remains manageable compared to smaller sector peers.
Catalysts and positive outlook
Multiple catalysts support a bullish scenario for NCC moving forward:
- Order Book Strength: Recent wins worth over ₹3,350 crores further fortify an already robust order pipeline, providing multi-year revenue security and underpinning future profit expansion.
- Sectoral Tailwinds: Large-scale government spending on urban development, smart city initiatives, energy infrastructure, and water distribution favors market leaders like NCC with the capacity to deliver on complex projects nationwide.
- Strategic Diversification: Expansion beyond core civil works into high-growth verticals—including renewables, mass transit, and international contracts—broadens addressable markets and buffers against cyclical downturns.
- Technological Adaptation & ESG: Emphasis on sustainable practices and digital project management increasingly positions NCC as a preferred partner for both public and private sector projects, benefiting from rising ESG-driven investment flows.
- Financial Resilience: Low leverage and disciplined working capital management provide ample flexibility to pursue growth investments, even during broader market disruptions.
Investment strategies
For traders and investors, several distinct opportunities emerge:
- Short-term: The zone surrounding ₹223–₹227 represents strong technical support; short-term tactical buying here could capture a rebound, especially on positive earnings surprise or order inflow news.
- Medium-term: Investors looking at quarterly or annual horizons will note the alignment of consensus analyst targets in the ₹262–₹315 range. Positive catalysts such as project wins or sectoral announcements may accelerate mean-reversion toward these targets.
- Long-term: For portfolio builders with an eye on the next infrastructure investment cycle, NCC’s leadership, sector diversification, and strong order book make it a core holding. The favorable dividend yield, class-leading ROCE, and visibility on two to three years’ worth of contracts support a compelling compounding story.
Optimal positioning might coincide with technical lows or after confirmation of new project announcements, offering a blend of value and forward momentum. Investors seeking both growth and stability may find the current environment highly conducive to strategic accumulation.
Is it the right time to buy NCC?
NCC’s combination of robust financials, technical support, high-visibility order flow, and clear strategic vision strongly supports the thesis of renewed upside potential. The fundamentals justify renewed interest in this stock, with both macro and micro factors aligning in its favor. Structural strengths, including a deep project pipeline, experienced management, and a track record of adapting to complex market landscapes, all set the stage for a new bullish phase. The current correction offers investors a unique window to accumulate shares in a market leader benefiting from India’s infrastructure boom and sector transformation.
NCC appears to represent an excellent opportunity for investors seeking a blend of growth, stability, and proven execution in India’s rapidly advancing infrastructure sector. As policy momentum and private investment continue to converge, the stock’s long-term outlook remains strongly positive for those prepared to capitalize on this emerging value cycle.
How to buy NCC stock in India?
Buying NCC stock online is both easy and safe when you use a SEBI-regulated broker in India. Investors can choose from two main options: traditional cash buying, where you directly own shares, or CFD trading, which lets you speculate on price movements with or without leverage. Each method suits different investment styles and goals. To help you make an informed decision, we provide a broker comparison further down the page.
Spot buying
When you buy NCC shares in cash, you become a direct shareholder and can benefit from price growth or dividends. Most Indian brokers charge a flat commission per transaction, generally in the range of ₹100–₹200 per order.
Gain scenario example
For example: If the NCC share price is ₹224.77, you can buy around 22 shares with a $1,000 stake, including a brokerage fee of around $5.
✔️ Gain scenario: If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD (Contract for Difference) trading allows you to trade on NCC share price movements without actually owning the shares. Fees for CFDs typically include the spread (difference between buying and selling price) and an overnight financing charge if you hold your position for more than a day.
Example of a CFD Gain Scenario
For example: You open a CFD position on NCC shares, with 5x leverage. This means your $1,000 stake gives you market exposure of $5,000.
Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%. Result: +$400 gain, on a bet of $1,000 (excluding fees).
Final advice
It’s always important to compare brokers’ fees and service conditions before investing, since costs and features can vary widely. Whether you choose spot buying or CFD trading will depend on your objectives and risk appetite. A detailed broker comparison is provided further down the page to help you make the right choice for your investment strategy.
Check out the best brokers in India!Compare brokersOur 7 Tips for Buying NCC Stock
| 📊 Step | 📝 Specific tip for NCC |
|---|---|
| Analyze the market | Study the Indian infrastructure and construction trends impacting NCC and observe government investment announcements. |
| Choose the right trading platform | Select an Indian broker registered with SEBI, offering efficient access and low fees for NCC shares. |
| Define your investment budget | Set a clear budget, balancing your exposure as NCC can show price swings in response to sector cycles. |
| Choose a strategy (short or long term) | Opt for long-term holding to gain from NCC’s strong order book and India’s infrastructure growth vision. |
| Monitor news and financial results | Regularly review NCC’s quarterly earnings, new order wins, and contract announcements for market-moving updates. |
| Use risk management tools | Place stop-loss orders or use alerts to protect your position from unexpected short-term market volatility in NCC. |
| Sell at the right time | Consider booking profits when NCC approaches major technical resistance or after a strong earnings surprise. |
The latest news about NCC
NCC secures over ₹1,691 crore in new building division orders in June 2025. This significant inflow of contracts underlines NCC’s ongoing leadership in India’s infrastructure sector and strengthens its overall order book, providing enhanced revenue visibility for the next two to three years.
Annual revenue and net profit for FY25 show robust double-digit growth, exceeding analyst expectations. With FY25 total revenue reaching ₹22,199 crore (+6.5% year-on-year) and net profit climbing to ₹868 crore (+16.8%), NCC has demonstrated operational resilience, backed by a solid track record in civil construction and project management.
Promoter holding increases modestly, signaling positive management commitment and alignment with shareholders. The slight increase in promoter shareholding to 22.1% indicates continued confidence from the founding group, sending a constructive signal to institutional and retail investors about NCC’s prospects.
NCC’s return on capital employed holds strong at 22.1%, reflecting strong underlying business fundamentals. This level of profitability is well above sector averages for Indian infrastructure companies and highlights NCC’s effective capital deployment and project execution capabilities.
Stable technical support at ₹223, with analysts maintaining a buy recommendation and target price up to ₹315. Despite minor stock price corrections, current analyst consensus remains positive, underpinned by a solid order book, industry tailwinds from government infrastructure investments, and continued market leadership.
FAQ
What is the latest dividend for NCC stock?
NCC currently pays a dividend. The most recent dividend was ₹2.20 per share, paid in June 2025, which represents a yield of about 0.98%. Dividends have been distributed steadily over recent years, reflecting the company’s commitment to returning value to shareholders as financial performance strengthens.
What is the forecast for NCC stock in 2025, 2026, and 2027?
The projected prices for NCC are ₹292 at the end of 2025, ₹337 at the end of 2026, and ₹449 at the end of 2027. These expectations are fuelled by NCC’s strong order book, steady government investments in Indian infrastructure, and positive analyst outlook supporting mid-term growth.
Should I sell my NCC shares?
Holding NCC shares may be suitable as the company remains a leader in India’s construction sector with a robust financial position and diversified order pipeline. Historical performance and profitability indicators highlight resilience and upside potential for patient investors. Given its fundamentals and the country’s infrastructure growth, staying invested could be a sound approach.
How are NCC dividends and capital gains taxed for retail investors in India?
For Indian residents, NCC dividends are taxed at your applicable income rate, with no special scheme eligibility. Long-term capital gains (shares held over one year) above ₹1 lakh are taxed at 10%, while short-term gains are taxed at 15%. The tax is deducted at source for dividends if payouts exceed the regulatory threshold.
What is the latest dividend for NCC stock?
NCC currently pays a dividend. The most recent dividend was ₹2.20 per share, paid in June 2025, which represents a yield of about 0.98%. Dividends have been distributed steadily over recent years, reflecting the company’s commitment to returning value to shareholders as financial performance strengthens.
What is the forecast for NCC stock in 2025, 2026, and 2027?
The projected prices for NCC are ₹292 at the end of 2025, ₹337 at the end of 2026, and ₹449 at the end of 2027. These expectations are fuelled by NCC’s strong order book, steady government investments in Indian infrastructure, and positive analyst outlook supporting mid-term growth.
Should I sell my NCC shares?
Holding NCC shares may be suitable as the company remains a leader in India’s construction sector with a robust financial position and diversified order pipeline. Historical performance and profitability indicators highlight resilience and upside potential for patient investors. Given its fundamentals and the country’s infrastructure growth, staying invested could be a sound approach.
How are NCC dividends and capital gains taxed for retail investors in India?
For Indian residents, NCC dividends are taxed at your applicable income rate, with no special scheme eligibility. Long-term capital gains (shares held over one year) above ₹1 lakh are taxed at 10%, while short-term gains are taxed at 15%. The tax is deducted at source for dividends if payouts exceed the regulatory threshold.
On the same topic
