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NCCNCC.NSCompetitor analysis, valuation and peers

India · INR·Realty›Homebuilding
Momentum laggard 18
Mkt cap
$816M
US dollars, full cap
Free float
64%
of shares outstanding
$/day
$3.50M
20-day average traded
Fwd P/E
11.1×
forward earnings
ROIC−WACC
+1.5 pp
WACC 14.1%
Hurdle
n/a
no reverse DCF
Next earnings
90 days
4 Feb 2027
Close · INR₹122.84
1D+0.3%
1W+7.3%
1M-3.2%
3M-14.5%
6M-27.8%
YTD-23.4%
1Y-42.3%
ATR %3.5%
Beta1.21
52w lowhigh43.5% off high

What NCC does

Employees: 31,488

NCC at a glance

Size NCC (NCC.NS) is an India Real Estate company (Homebuilding) with a market value of $816M, the 660th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹122.84 on 6 Nov 2026.

Performance Over six months the shares fell 27.8%, against -9.7% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue fell 1.8% over the last twelve months (peer median +25.9%); the operating margin is 7.8% (peer median 21.6%).

Valuation It trades at 11.1× forward earnings against a peer median of 23.5× (cheapest of 11).

Capital Return on invested capital runs 1.5 points above its cost of capital (14.1% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 91NCC.NS 72
Six months, rebased to 100: NCC against the median of its 20 peers (local-currency closes).

NCC financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹215B₹208B₹222B₹208B₹156B
Revenue growth—-6%+6%+34%—
Gross profit₹20.6B₹19.9B₹21.2B₹18.9B₹15.9B
EBITDA₹19.3B₹18.6B₹19.4B₹17.8B₹15.1B
Net income₹7.00B₹6.75B₹8.20B₹7.11B₹6.09B
Free cash flown/a-₹21.3B-₹1.80B₹5.35B₹3.02B
Capital expendituren/a₹9.55B₹3.20B₹2.85B₹3.47B
Total debtn/a₹34.6B₹16.1B₹9.84B₹9.74B

Quarterly statements and history in the cockpit →

NCC 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.

Performance: 6-month against 1-month return

-25%0%+25%+50%-10%0%INDUSINVITMAXESTATESEMBDLMAHLIFEIBULLSLTDWEWORKSMARTWORKSNIRLONSIGNATUREGANESHHOULOTUSDEVKALPATARUPURVADBREALTYRUSTOMJEESUNTECKSOBHAKOLTEPATILNCC.NS6-month return →1-month return →
Up and to the right = strong over both horizons. NCC is the large dot.

Fundamentals: revenue growth against valuation

0%+250%+500%+750%20×40×60×MAHLIFEWEWORKSMARTWORKSSIGNATURELOTUSDEVPURVARUSTOMJEESUNTECKSOBHANCC.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NCC is the large dot.

NCC competitors and peer comparison

How NCC compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NCC against its 20 peers (data as of 6 Nov 2026)
MeasureNCC.NSPeer medianRank in peer set
1-month return-3.2%-5.5%9th highest of 21
6-month return-27.8%-9.7%3rd lowest of 20
Distance from 52-week high-43.5%-26.7%3rd lowest of 21
Revenue growth (TTM)-1.8%+25.9%6th lowest of 21
Operating margin7.8%21.6%7th lowest of 21
Forward P/E11.1×23.5×cheapest of 11
ROIC minus cost of capital+1.5 ppn/a—
EV / EBITDA4.0×n/a—
Net debt / EBITDA1.1×n/a—

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NCC NCC.NSIndia$816M-28%-2%8%11.1×n/an/a
Indus Infra Trust INDUSINVIT.NSIndia$842M+3%+41%74%n/an/an/a
Max Estates MAXESTATES.NSIndia$872M+20%+5%28%n/an/an/a
Embassy Developments EMBDL.NSIndia$760M-26%-60%-48%n/an/an/a
Mahindra Lifespace Developers MAHLIFE.NSIndia$706M-10%+839%0%24.2×n/an/a
Indiabulls IBULLSLTD.NSIndia$704M+48%+86%32%n/an/an/a
WeWork India Management WEWORK.NSIndia$1.00B+26%+25%24%62.0×n/an/a
Smartworks Coworking Spaces SMARTWORKS.NSIndia$623M+12%+31%21%54.9×n/an/a
Nirlon NIRLON.NSIndia$611M+9%+5%69%n/an/an/a
Signatureglobal (India) SIGNATURE.NSIndia$1.11B-17%-23%-7%22.8×n/an/a
Ganesh Housing GANESHHOU.NSIndia$569M-7%-29%62%n/a23.0%+24.9%
Sri Lotus Developers and Realty LOTUSDEV.NSIndia$1.21B+59%+40%38%33.4×n/an/a
Kalpataru KALPATARU.NSIndia$541M-33%+27%2%n/an/an/a
Puravankara PURVA.NSIndia$501M-10%+118%20%20.5×n/an/a
Horizon Industrial Parks HORIZONIND.NSIndia$1.33Bn/a+83%44%n/an/an/a
Valor Estate DBREALTY.NSIndia$482M-40%-54%12%n/an/an/a
Man Infraconstruction MANINFRA.NSIndia$472M-18%-30%22%n/an/an/a
Keystone Realtors RUSTOMJEE.NSIndia$463M-19%+55%8%15.5×n/an/a
Sunteck Realty SUNTECK.NSIndia$463M-14%+45%29%15.8×n/an/a
Sobha SOBHA.NSIndia$1.44B-12%+10%4%29.9×n/an/a
Kolte-Patil Developers KOLTEPATIL.NSIndia$430M+19%+8%9%21.1×n/an/a

Questions

Which companies are NCC's closest peers?
The cockpit's peer set: Indus Infra Trust (INDUSINVIT.NS), Max Estates (MAXESTATES.NS), Embassy Developments (EMBDL.NS), Mahindra Lifespace Developers (MAHLIFE.NS), Indiabulls (IBULLSLTD.NS), WeWork India Management (WEWORK.NS), Smartworks Coworking Spaces (SMARTWORKS.NS), Nirlon (NIRLON.NS).
Is NCC expensive compared with its peers?
On forward p/e it trades at 11.1× against a peer median of 23.5×, cheapest of 11 in its peer set.
How has NCC stock performed?
Over six months to 6 Nov 2026 the shares returned -27.8% against -9.7% for the median peer; over one year -42.3%.

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.