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LCC Projects LimitedLCCPROJECT.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Engineering & Construction
Mkt cap
$414M
US dollars, full cap
Free float
10%
of shares outstanding
$/day
$660,703
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+7.7 pp
WACC 12.5%
Hurdle
-35 pp
Req g minus delivered
Close · INR₹134.78
1D+0.2%
1W+2.4%
1M-6.4%
3Mn/a
6Mn/a
YTDn/a
1Yn/a
ATR %5.4%
52w lowhigh28.7% off high

What LCC Projects does

Employees: 2,093

LCC Projects at a glance

Size LCC Projects (LCCPROJECT.NS) is an India Industrials company (Engineering & Construction) with a market value of $414M, the 928th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹134.78 on 6 Nov 2026.

Growth Revenue grew 23.4% over the last twelve months (peer median +0.8%); the operating margin is 12.2% (peer median 6.1%).

Valuation It trades at 1.2× enterprise value to sales against a peer median of 1.4× (9th cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +43%, so the hurdle is -35 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 7.7 points above its cost of capital (12.5% WACC).

LCC Projects financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a₹36.0B₹29.2B₹24.4B₹12.3B
Revenue growth—+23%+20%+99%—
Gross profitn/a₹4.99B₹4.05B₹3.08B₹1.45B
EBITDAn/a₹4.85B₹3.79B₹2.67B₹1.21B
Net incomen/a₹2.83B₹2.22B₹1.22B₹682M
Free cash flown/a₹461M-₹1.07B-₹783M-₹1.12B
Capital expendituren/a₹476M₹765M₹688M₹386M
Total debt₹8.85B₹8.61B₹7.47B₹4.22B₹2.89B

Quarterly statements and history in the cockpit →

LCC Projects competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%0×200×400×1576344330113625201921300560603815E3B0022002546PHOESHALCCPROJECT.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. LCC Projects is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%15763443192118221852E3BGVPIL00220017999743SHALCCPROJECT.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. LCC Projects is the large dot.

LCC Projects competitors and peer comparison

How LCC Projects compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

LCC Projects against its 20 peers (data as of 6 Nov 2026)
MeasureLCCPROJECT.NSPeer medianRank in peer set
1-month return-6.4%-6.0%10th lowest of 20
Distance from 52-week high-28.7%-31.5%10th highest of 21
Revenue growth (TTM)+23.4%+0.8%4th highest of 20
Operating margin12.2%6.1%6th highest of 20
EV / Sales1.2×1.4×9th cheapest of 20
Growth the price implies (Req g, 7 yrs)8.6%-6.0%3rd most demanding of 12
Growth delivered (Del g)+43.2%+6.3%highest of 12
Hurdle (Req g minus delivered)-34.6 pp-10.3 ppleast demanding of 12
ROIC minus cost of capital+7.7 pp-0.7 pp4th highest of 18
EV / EBITDA8.8×6.7×4th most expensive of 12
Net debt / EBITDA0.7×-1.4×5th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
LCC Projects LCCPROJECT.NSIndia$414Mn/a+23%12%1.2×8.6%+43.2%
Qilu Expressway 1576.HKHong Kong$412M-10%-53%29%6.6×5.5%+6.3%
Kawada Technologies 3443.TJapan$411M-17%-11%8%0.5×-10.4%-0.1%
Fujian Tendering 301136.SZChina$409M-39%-5%-4%3.0×n/an/a
Shanxi Installation 2520.HKHong Kong$408M+25%-16%3%1.4×n/an/a
Tomoe 1921.TJapan$408M-5%+3%14%2.1×-2.9%+8.5%
Daiho 1822.TJapan$405M+2%+1%5%0.3×-12.7%-2.9%
Zhong Fu Tong 300560.SZChina$405M-18%+15%-1%2.8×n/an/a
Anhui Gourgen Traffic Construction 603815.SSChina$404M-40%-32%-29%1.4×n/an/a
Asanuma 1852.TJapan$425M-9%-4%5%0.3×-17.6%+4.8%
Wee Hur E3B.SISingapore$425M-18%+22%26%2.1×-14.2%+9.2%
GE Power India GVPIL.NSIndia$427M-10%+19%23%3.1×17.8%-17.6%
YCIC Eco-Technology 002200.SZChina$401M-22%+41%0%3.0×34.5%+14.0%
Daiichi Kensetsu 1799.TJapan$401M-16%+15%10%0.7×-6.4%+1.8%
Da Yi Cheng Technology 7951.TWOTaiwan$398Mn/an/an/an/an/an/a
TANSEISHA 9743.TJapan$432M+1%-7%6%0.5×-6.0%+9.1%
Kedge Construction 2546.TWTaiwan$433M+15%+38%10%0.3×n/an/a
Chengdu Expressway 1785.HKHong Kong$395M-8%+2%27%2.0×n/an/a
Phoenix Asia PHOEUnited States$395M+18%-2%-17%427.7×n/an/a
Shape Australia SHA.AXAustralia$395M-14%+30%3%0.4×-1.0%+16.6%
Nichireki 5011.TJapan$394M0%+1%8%0.8×n/an/a

Questions

Which companies are LCC Projects's closest peers?
The cockpit's peer set: Qilu Expressway (1576.HK), Kawada Technologies (3443.T), Fujian Tendering (301136.SZ), Shanxi Installation (2520.HK), Tomoe (1921.T), Daiho (1822.T), Zhong Fu Tong (300560.SZ), Anhui Gourgen Traffic Construction (603815.SS).
Is LCC Projects expensive compared with its peers?
On ev / sales it trades at 1.2× against a peer median of 1.4×, 9th cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +43%, so the hurdle is -35 pp: the price already allows for a slowdown.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.