AI Summary
✦ ClarthaNBCC (India) is an Indian construction and engineering company focused on project management consultancy, EPC, and real estate development. Consultancy and EPC drive civil projects, while real estate covers residential, commercial, and government-colony redevelopment. June-quarter profit rose 17.2%, with margin expansion supporting earnings despite lower revenue. NBCC is net-cash, with debt/equity of 0.01, but declining margins remain a quality concern despite 33.1% profit growth. ROE is unavailable, limiting returns-based assessment. At 33.5x earnings, the shares look rich relative to 7% revenue growth, leaving execution and margin durability as key open questions.
Valuation Metrics
Trading 2.8% below historical median. Valuation is stable — currently in the undervalued zone (z-score: 0). Confidence: 75%.
Live forward EPS implies next-12-month EPS of ₹3.10. Applying the stock's normalized valuation corridor produces a fair range of ₹94.02 to ₹124.53, with base value near ₹106.95 (+16.0% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹3.10
Forward P/E
29.7x
Base Fair Value
₹106.95
Fair Range
₹94.02 - ₹124.53
Upside To Base
+16.0%
Estimate Source
Live forward EPS
Growth Estimate
+16.3%
5Y Average
24.15
Current
33.52
Overvalued
40.17
Undervalued
30.33
5Y Average
10.43
Current
8.28
Overvalued
11.78
Undervalued
8.97
5Y Average
1.37
Current
1.91
Overvalued
1.58
Undervalued
1.17
Peers & Comparison
Sector: Industrials · Theme: Construction & Engineering
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
AJAX ENGINEERING LIMITED AJAXENGGConstruction & Engineering | +1.7% | 10.8% | 28.6x Undervalued | -77% vs avg | -21.4% |
NCC LIMITED NCCConstruction & Engineering | +12.2% | 3.3% | 12.9x Undervalued | -90% vs avg | -35.0% |
CEIGALL INDIA LIMITED CEIGALLConstruction & Engineering | +37.1% | 7.8% | 17.3x Undervalued | -86% vs avg | +32.8% |
AHLUWALIA CONT IND LTD AHLUCONTConstruction & Engineering | +8.8% | 5.8% | 20.4x Undervalued | -84% vs avg | -12.2% |
GMR AIRPORTS LIMITED GMRAIRPORTConstruction & Engineering | +37.5% | 1.2% | 804.2x Premium | +549% vs avg | +18.6% |
G R INFRAPROJECTS LIMITED GRINFRAConstruction & Engineering | +40.1% | 11.0% | 8.4x Undervalued | -93% vs avg | -28.8% |
AXISCADES TECH LTD AXISCADESConstruction & Engineering | +1.5% | 6.2% | 91.6x Undervalued | -26% vs avg | +26.3% |
PNC INFRATECH LTD. PNCINFRAConstruction & Engineering | -5.1% | 15.5% | 7.8x Undervalued | -94% vs avg | -28.1% |
NBCC (INDIA) LIMITED trades at a discount (33.5x vs peer avg 123.9x), suggesting potential undervaluation relative to the Construction & Engineering cohort. Peers include AJAX ENGINEERING LIMITED, NCC LIMITED, CEIGALL INDIA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹3.91K CrMar 2026Latest net profit
₹220 CrMar 2026Latest EPS
₹0.82Mar 2026Net margin
6.0%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,227 | 1,478 | 1,622 | 1,919 | 3,008 | 1,627 | 1,852 | 2,030 | 3,219 | 1,655 | 2,097 | 2,088 | 3,914 |
| Expenses + | 2,137 | 1,430 | 1,533 | 1,816 | 2,806 | 1,549 | 1,774 | 1,915 | 2,976 | 1,558 | 2,011 | 1,975 | 3,669 |
| Operating Profit | 90 | 48 | 89 | 102 | 202 | 78 | 78 | 115 | 243 | 97 | 86 | 112 | 245 |
| OPM % | 4.0% | 3.2% | 5% | 5% | 7% | 4.8% | 4.2% | 6% | 8% | 6% | 4.1% | 5% | 6% |
| Other Income + | 40 | 37 | 15 | 24 | -58 | 39 | 78 | 57 | -54 | 58 | 127 | 145 | 51 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 130 | 85 | 103 | 126 | 143 | 116 | 156 | 171 | 186 | 153 | 211 | 255 | 293 |
| Tax % | 26% | 25% | 17% | 25% | 28% | 25% | 21% | 25% | 26% | 26% | 18% | 23% | 25% |
| Net Profit + | 96 | 63 | 85 | 94 | 102 | 87 | 124 | 129 | 137 | 114 | 173 | 197 | 220 |
| EPS in Rs | 0.36 | 0.23 | 0.32 | 0.35 | 0.38 | 0.32 | 0.46 | 0.48 | 0.51 | 0.42 | 0.64 | 0.73 | 0.82 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Intimation Of NBCC''s Participation In Investor/Analyst Conference
NBCC Successfully Concludes E-Auction Of Commercial Built-Up Space At Bharat Business Park, Sarojini Nagar, New Delhi.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation Of Work Orders Received By NBCC (India) Limited In The Ordinary Course Of Business Amounting To Rs. 801.20 Cr. Approx.