NCC Share Price

NCC Limited, with operations in Hyderabad, is an infrastructure and construction company. The company operates across segments engaged in the buildings, transportation, water and environment, irrigation, minaing, and electrical projects. NCC also undertakes large public and private sector projects that support urban development, industrial expansion, and public infrastructure in India. The NCC share price on NSE and BSE indicates how market participants react to the company’s project execution, financial performance and developments in the infrastructu­re and construction sector.  

NCC Limited share price is affected by factors such as order inflows, execution timelines, working capital cycles, trends in input costs, government expenditure on infrastructure, and interest rate conditions. Over longer periods, elements like order book visibility, margin stability, project diversification and timely completion affect how the market values the company. These operational and sector factors determine how NCC stock ͏price move across͏ market cycles.  

NCC live share price gives you real-time information on the last traded price of NCC, along with the bid and ask prices and volumes. These indicators are a measure of market activity and liquidity and illustrate how investors respond to company announcements, sector news, and macroeconomic events. Continuous monitoring of NCC live price helps in tracking the short-term volatility and the stock’s movement in relation to the broader market ͏movements.  

Furthermore, tracking NCC share price today enables you to compare it with other listed infrastructure and construction firms and relevant market indices. Thi͏s comparison illustrate͏s how the stock performs within the infrastructure sector and relative to the broader equity market.  

͏NCC Company Fundamentals 

Company Background 

NCC Limited is an Indian infrastructure and construction company incorporated in 1978. The company operates across Buildings, Transportation, Water and Environment, Irrigation, Electrical (Transmission and Distribution), Railways, and Mining. NCC Limited applies technology-led methods in the planning, execution, and monitoring of infrastructure projects, particularly in sectors where measurement accuracy, network control, and operational visibility are critical. For instance, under the Jal Jeevan Mission – Har Ghar Jal, announced in 2019, NCC Limited has executed rural drinking water projects in Odisha, West Bengal, and Uttar Pradesh.  

The company has received the Vishwakarma Award 2025 for the Jabalpur Flyover Project, the GRIHA Exemplary Performance Award 2024 for AIIMS Rishikesh, the GRIHA 1st Runner-Up Award 2023–24 for AIIMS Bibinagar, and the Build India Infra Award 2024 for the Nagpur Metro Project (Sustainability Category). NCC was also ranked the “2nd Largest Construction Company in India” in the Construction World–NICMAR Study and listed in Forbes Asia’s “Best Under a Billion.” 

NCC Limited Company Product Lines 

Buildings 

• Industrial buildings 
• Commercial complexes 
• Housing and residential townships 
• IT parks 
• Institutional buildings (education, healthcare) 
• Stadiums and sports infrastructure 

Water & Environment 

• Drinking water supply pipelines 
• Water treatment plants 
• Distribution networks 
• Lift irrigation schemes 
• Sewage pumping stations and STPs 

Transportation 

• Expressways and highways 
• Flyovers and bridges 
• Metro viaducts and stations 
• Airport runways and landing grounds 
• Advanced Landing Grounds in Arunachal Pradesh 

Railways 

• Earthwork and track formation 
• Track linking and doubling 
• Railway bridges 
• Overhead electrification 

Irrigation 

• Dams and reservoirs 
• Canals and distributary networks 
• Barrages and spillways 
• Lift irrigation systems 

Mining 

• Mine Developer-cum-Operator (MDO) services 
• Overburden removal 
• Coal and mineral extraction 
• Bulk material handling 

Electrical (T&D) 

• EHV / HV substations 
• Transmission lines 
• High Voltage Distribution Systems (HVDS) 
• Underground cabling (HDD method) 

NCC Limited Company Revenue Model 

Project-Based Engineering, Procurement and Construction (EPC) Contracts 

• Core revenue from construction and execution of infrastructure projects awarded through contracts.  
• Revenue recognised over time as work progresses under percentage-of-completion accounting.  

Sectoral Revenue Streams (Contract Execution)  

Revenue is generated through execution of projects in multiple business verticals:  

• Buildings (residential, commercial, institutional, healthcare) 
• Transportation (highways, bridges, metro viaducts) 
• Water & Environment (drinking water supply, sanitation works) 
• Irrigation (canals, barrages, reservoirs) 
• Electrical (T&D) (substations, transmission lines, distribution systems) 
• Railways (track works, bridges, electrification) 
• Mining and related services (MDO, extraction, overburden removal) 

Government and Public Sector Projects 

• Major portion of revenue comes from central/state government contracts and public sector units (PSUs) under national missions like Jal Jeevan Mission, metro projects, expressways, and rural connectivity schemes.  

Smart Infrastructure and Technology Contracts 

• Revenue from smart metering and advanced infrastructure projects (e.g., smart meters / AMI projects secured by the company) 

NCC Limited Geographic Presence 

• NCC Limited operates as a pan-India infrastructure and construction company with diversified activities across Buildings, Transportation, Water & Environment, Irrigation, Electrical (Transmission & Distribution), Mining, and Railways. 
• The company follows a region-based execution model with projects spread across multiple states depending on contract awards. 
• The corporate headquarters is located in Hyderabad, Telangana. 
• NCC Limited maintains regional and branch offices across key cities in India to support bidding, execution, and administration. 
• Office locations, as reflected in the company’s operational footprint and map representation, include: 
• Ahmedabad, Gujarat 
• Delhi (NCR) 
• Lucknow, Uttar Pradesh 
• Patna, Bihar 
• Kolkata, West Bengal 
• Mumbai, Maharashtra 
• Pune, Maharashtra 
• Bengaluru, Karnataka 
• Chennai, Tamil Nadu 
• Amaravati, Andhra Pradesh (regional presence as indicated on the map) 

NCC Limited Leadership  

Some of the key leaders of NCC Limited, as of January 2026 are — 

• A. A. V. Ranga Raju — Managing Director 
• A. G. K. Raju — Executive Director 
• A. S. N. Raju — Wholetime Director 
• J. V. Ranga Raju — Wholetime Director 
• A. V. N. Raju — Wholetime Director 
• Dr. A. S. Durga Prasad — Independent Director & Chairman 
• Rajender Mohan Malla — Independent Director 
• Uma Shankar — Independent Director 

NCC Limited Key Milestones 

• 1978 — NCC was incorporated as a partnership firm. 
• 1990 — Converted into a Public Limited Company. 
• 1992 — Listed on the BSE through an Initial Public Offering. 
• 1995 — Achieved a turnover milestone of ₹100 crore. 
• 2002 — Crossed ₹1,000 crore in turnover. 
• 2011 — Surpassed the ₹5,000 crore revenue mark. 
• 2018 — Order book reached ₹32,500 crore. 
• 2019 — Turnover crossed ₹12,000 crore in FY19. 
• 2022 — Order book exceeded ₹40,000 crore. 
• 2023 — Revenue of ₹13,504 crore with an order book of ₹50,244 crore. 
• 2024 — Revenue of ₹20,971 crore with an order book of ₹57,536 crore. 
• 2025 — Revenue of ₹22,355 crore with an order book of ₹71,568 crore. 

Industry Perspective 

The Indian construction industry has shown robust expansion and continues to be a key driver of economic growth. Between 2020 and 2024, the sector recorded a strong CAGR of around 14.2%, demonstrating sustained momentum in residential, commercial, and infrastructure projects. Going forward, the market is forecast to grow at a CAGR of around 8.8% during 2025–2029, with total industry value expected to rise from approximately ₹22.8 trillion in 2024 to about ₹39.1 trillion by 2029.  

In the near term, industry revenues are expected to increase by about 8–10% in FY 2026, supported by healthy order books, public infrastructure spending, and renewed execution activity. This growth is driven by government initiatives on transport networks, housing, urban development, and water projects, as well as rising private investment. Steady capital outlays and policy support help maintain a broad pipeline of construction demand, positioning the industry for long-term expansion. 

NCC Limited stands to gain from this structural growth through its diversified project portfolio and strong order book. With significant contract wins across infrastructure, metro, and telecom projects, NCC’s revenue visibility and execution pipeline improve, allowing it to capture a fair share of rising industry activity and benefit from accelerating project flows and public spending. 

NCC Limited Stock Market Presence: Listings & Index Representation 

NCC Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India. The company became publicly listed in the early 2000s, enabling public investors to participate in its growth as India’s infrastructure sector expanded alongside economic development and urbanisation. 

NCC Limited is a constituent of key market indices, including the BSE 500, the S&P BSE Central Public Sector Index, and the S&P BSE India Infrastructure Index. Its inclusion in these indices reflects its scale, liquidity, and relevance within India’s listed infrastructure universe and its linkage to broader market movements and sectoral trends. 

NCC stock price is actively tracked by market participants because index inclusion connects the stock to passive fund flows, institutional benchmarking, and sector allocation strategies. Listing on both NSE and BSE supports liquidity and transparent price discovery, while index presence integrates NCC into infrastructure-focused and diversified market portfolios. 

NCC Stock Performance and Share Price History 

NCC Limited’s stock performance captures the journey of a major Indian infrastructure and construction company navigating project cycles, government contracts, and macroeconomic shifts. The company’s diversified project portfolio, spanning urban development, roads, bridges, and water infrastructure, has significantly shaped NCC share price history. Over the years, the stock has seen periods of strong growth, sharp corrections, and moderate consolidation, reflecting sectoral dynamics and company-specific developments. 

From 2002 to 2010, NCC shares experienced volatility associated with early expansion and market maturity. The stock hit its lowest end-of-day price of ₹1.80 in September 2002 as the company scaled operations and financial markets responded to early-stage project execution risks. Between 2003 and 2009, the stock delivered strong gains, with annual returns exceeding 100% in 2003 and 2009, driven by project wins and execution growth, though the global financial crisis in 2008 saw a decline of nearly 79.63%, illustrating vulnerability to macroeconomic shocks. 

In the 2010s, NCC share price witnessed cycles of recovery and correction. The company posted strong performance in 2012, 2014, and 2017, with annual growth reaching 70.62%, 296.65%, and 60.82% respectively, reflecting robust order inflows and sectoral tailwinds in infrastructure spending. Conversely, the stock declined sharply in 2013 and 2015 due to lower earnings visibility and execution delays. 

In recent years, NCC shares showed significant movements. The 2023 rally of 84.46% corresponded with renewed infrastructure investments, while the 2025 decline of 41.61% was driven by execution challenges, rising raw material costs, and mixed quarterly earnings. The 2026 YTD decline of 7.21% continues to reflect cautious investor sentiment amid macroeconomic and project-specific uncertainties. 

The stock’s 52-week high of ₹351.97 in July 2024 and low of ₹147.85 in January 2026 highlights the extremes of valuation influenced by order momentum, investor confidence, and operational pressures. These long-term fluctuations provide context beyond daily movements, showing how NCC shares respond to contract flows, earnings visibility, sectoral policy changes, and broader market cycles, offering insights into potential trends over extended periods. 

NCC Investor Relevance and Portfolio Role 

NCC Limited holds relevance for investors seeking exposure to the Indian infrastructure and construction sector. Its inclusion in sectoral indices like S&P BSE India Infrastructure and BSE-500 demonstrates its role as a key public-sector and infrastructure company, forming part of diversified portfolios focused on cyclical and capital-intensive sectors. Institutional investors often consider NCC shares for medium- to long-term allocations based on project backlog, execution capability, and sector outlook rather than short-term stock fluctuations. 

The company’s equity is held by a mix of domestic and international institutional investors, including Avsr Holdings Private Ltd, ICICI Prudential Asset Management Company Limited, Quant Money Managers Ltd, Sirisha Projects Private Limited, The Vanguard Group, HSBC Global Asset Management (UK) Limited, Dimensional Fund Advisors LP, BlackRock, Inc., Bandhan AMC Limited, and Unifi Umbrella AIF – Blend Fund 2. These holdings reflect confidence in NCC’s project execution and infrastructure positioning. 

Prominent mutual fund holders include Quant Mutual Fund – Quant Small Cap Fund, ICICI Prudential Mutual Fund – ICICI Prudential Infrastructure Fund, ICICI Prudential Multi-Asset Fund, Quant Mutual Fund – Quant Infrastructure Fund, ICICI Prudential Large & Mid Cap Fund, Stichting Depositary APG Emerging Markets Equity Pool, Vanguard STAR Funds – Vanguard Total International Stock ETF, Vanguard International Equity Index Funds – Vanguard FTSE Emerging Markets ETF, iShares, Inc. – iShares Core MSCI Emerging Markets ETF, and Kotak Mahindra Mutual Fund – Kotak Equity Arbitrage. 

NCC derivatives activity, open interest trends, and technical indicators provide additional short-term insight. Active participation in futures and options, along with shifts in volume, highlights market positioning around contract wins, policy announcements, and execution expectations. Daily, weekly, and monthly beta values of NCC indicate higher volatility relative to the market, with a long-term beta of 1.38, daily one-month range of 2.37, daily three-month range of 1.51, weekly one-year range of 1.60, weekly two-year range of 2.00, two-week two-year range of 1.79, and monthly two-year range of 2.15. These figures suggest that while NCC carries sectoral and execution risks, its stock remains actively monitored and responsive to operational and macro developments. 

NCC Limited Sectoral Relevance and Peer Positioning 

NCC Limited’s sectoral relevance stems from its scale in construction and infrastructure projects, its diversified order book, and its capabilities in executing government and private-sector contracts across roads, bridges, urban infrastructure, and water resources. Peer comparisons with Larsen & Toubro, GMR Infrastructure, IRB Infrastructure Developers, and Dilip Buildcon focus on project execution, order backlog, margin management, and adherence to regulatory standards rather than short-term stock movements. Monitoring sectoral trends, government capital expenditure, and infrastructure policies provides insight into NCC’s operational positioning relative to peers. 

NCC Limited P/E ratio as of January 2026 stands at 11.6, reflecting market valuation of its earnings relative to project execution, sector volatility, and revenue visibility. Historically, NCC’s P/E has varied widely, reaching 127 in 2017 during investor optimism, and dropping to 7.03 in 2022 amid macroeconomic pressures and sector slowdown. These figures highlight the cyclical nature of valuation within the construction sector and investor sensitivity to earnings and project risks. 

NCC Limited earnings trends indicate steady growth in recent years, with 2025 TTM earnings of ₹11.55 billion, following ₹11.78 billion in 2024 and ₹9.95 billion in 2023. Historical data show periods of strong recovery, such as 2022’s 73.85% growth over 2021, driven by renewed infrastructure investment and contract wins, contrasting with declines in 2019 (-19.91%) and 2025 (-1.89%) due to operational pressures and cost challenges. NCC’s EPS mirrors these earnings trends, rising to ₹13.79 in 2025 TTM from ₹12.25 in 2024, demonstrating performance tied closely to order execution, margins, and sector health. 

NCC Limited market cap of ₹94.17 billion as of January 2026 underscores its stature as a leading mid- to large-cap infrastructure player in India, reflecting investor interest, project scale, and economic relevance. Historical market cap trends show significant fluctuations, from ₹8.53 billion in 2013 to ₹176.07 billion in 2024, highlighting sensitivity to project flow, sectoral sentiment, and macroeconomic cycles. 

NCC Limited EPS reflects its project-driven performance and sector cycles. The company’s current EPS (TTM) stands at ₹12.89, up from ₹12.27 in 2024, supported by efficient project execution and cost management. Historical EPS shows fluctuations, from ₹5.43 in 2021 to ₹12.53 in 2019, reflecting pandemic disruptions, project delays, and sector recovery. Earnings in 2025 (TTM) reached ₹11.55 billion, slightly down from ₹11.78 billion in 2024, while earlier years demonstrate growth linked to infrastructure inflows, operational efficiency, and execution momentum, highlighting NCC’s cyclical yet resilient performance. 

The long-term earnings trajectory of NCC illustrates operational maturity and execution capability. From early years with modest profits, the company expanded its earnings steadily across 2012–2025, with key growth years corresponding to strong order inflows and sector policy support. These trends, alongside historical P/E, EPS, and market cap movements, provide a comprehensive understanding of NCC’s sectoral positioning, peer benchmarks, and investment relevance in infrastructure-focused portfolios. 

Summary 

NCC Limited has evolved into a prominent infrastructure and construction company in India, with a diversified portfolio spanning buildings, transportation, water, irrigation, electrical, railways, and mining projects. The company’s stock performance reflects project execution, order inflows, and sector dynamics, with notable 52-week highs of ₹261.8 and lows of ₹145.05. Earnings and EPS trends, including 2025 TTM earnings of ₹11.55 billion and EPS of ₹12.89, illustrate cyclicality and operational resilience. Market capitalization, P/E, and index inclusion highlight its significance within the Indian infrastructure sector.