NCC share price today

NCC Ltd's share price was ₹121.39 at the close on 4 November 2026. It has been falling for 92 weeks. That is 18.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹115 and ₹195, and at that close it sat 9% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today NCC Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running.

Over the last 11 years the share price moved +79% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit grew again in the June 2026 quarter, promoters raised their stake for 5 quarters in a row and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row.

1. Profit grew again in the June 2026 quarter

   Profit was ₹229 crore, +11.7% on a year earlier (₹205 crore), after 4 quarters of decline.

   Why: The company got more work done and kept a little more profit from each rupee of sales, so profit rose.

   Next results: check whether BharatNet's fixed price fibre work starts to lower profit if fibre prices stay high.

   From the earnings call on 7 Aug 2026.

2. Promoters raised their stake for 5 quarters in a row

   From 22.1% to 23.2% of the company by the September 2026 quarter.

3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 15.3% to 18.2% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), NCC reported revenue of ₹5,812 crore, up 12.2% from ₹5,179 crore a year earlier, and a profit of ₹229 crore, up 11.7% from ₹205 crore.

NCC results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

NCC's management discussed these results on a call held on 7 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

NCC closed at ₹121.39 on 4 November 2026, down 37.8% from ₹195.31 a year earlier (7 November 2025) and up 61.7% over five years. Its highest weekly close since March 2016 was ₹344.15 on 2 August 2024.

NCC share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: NCC closed at ₹121.39, up 6.0% on the week and down 6.7% on the month. 14 Aug 2026: ex-date for a dividend of ₹2.20 a share.

Earlier

• 7 Aug 2026: NCC held its results call for April to June 2026. Management guided: FY27 order inflow ₹22,000-25,000 crore, revenue growth 8-10%, operating margin 8.5-9%.
• Results for April to June 2026: Revenue up 12.2% and profit up 11.7% on a year earlier.

NCC paid ₹2.20 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.81% at the ₹121.39 close on 4 November 2026. The last was a dividend of ₹2.20 a share, ex-date 14 August 2026.

NCC dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. NCC Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 7 August 2026, NCC's management guided: FY27 order inflow ₹22,000-25,000 crore, revenue growth 8-10%, operating margin 8.5-9%.

“The second critical element is the ability of the clients to provide the funds, make the funds available on time, give all the approvals, and make all the ROWs possible.”Neeraj Sharma, on the call for April to June 2026

What management guided

• FY27 capital spending ₹500 crore.
• JJM projects substantially completed in FY27 if payment flow continues; Telangana Mission Bhagiratha balance expected at 15% monthly.
• Smart-meter capital spending and Maharashtra/Bihar project execution completed by March 2027; planned IRR 18% on total capital; O&M about ₹1 crore per 1 lakh operational meters thereafter.
• Vizag receivable fully recovered by December 2026; AP Capital City old-project receivable realized in Q1 or early Q2.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 7 August 2026.

When NCC reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: JJM collections and project closure to progress with payment flow - check receivable reduction and billing momentum.

NCC is on 2 of our India lists: 52 week high & low and Dividend stocks.

NCC Ltd earned ₹229 Cr of net profit in the Jun 2026 quarter, +11.7% on the same quarter a year earlier. Full-year FY26 profit was ₹724 Cr. Over 10 years profit has grown 24.3% a year on average. That is 3.9% of the quarter's revenue. The same quarter a year earlier earned ₹205 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹724 Cr (−16.6% on the year before).

Why profit moved: revenue changed +12.2% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −11.4% and revenue −1.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

NCC Ltd reported ₹5,812 Cr of revenue in the Jun 2026 quarter, +12.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 8.1% a year on average. The last full year, FY26, came in at ₹20,823 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹21,456 Cr.

FY26 revenue was ₹20,823 Cr, −6.2% on the year before.

Recent pace: the last four quarters grew −1.9% on average, against 8.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −1.8%, against −1.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −12.1%, against −2.0% a year (rolling over).

NCC Ltd's operating margin was 9.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 8.0% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed +2.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 70% of NCC Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 its operations used ₹459 Cr of cash, against ₹724 Cr of profit. After ₹955 Cr of spending on assets, free cash was −₹1,414 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 70% of profit came in as cash: the cash cycle got 25 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

NCC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −283 days in FY26, down from −258 days in FY21. It spent ₹1,545 Cr on assets over the last 3 years. Customers take 66 days to pay, and stock sits for 129 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹20,823 Cr, each day of that cycle ties up about ₹57.0 Cr, so roughly −₹16,145 Cr is tied up in the business at any time.

FY26: customers took 66 days to pay and stock sat for 129 days, about 4.2 months of sales sitting as stock, for a full cycle of −283 days, shorter than FY21's −258.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 129 days. Customers pay about 66 days after that. Suppliers are paid at 478 days. Together that makes the −283-day cycle.

Spending on assets: ₹1,545 Cr over the last 3 years, against ₹663 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹351 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

NCC Ltd's P/E is 10.5×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 13.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹11.14.