NBCC (India) Ltd
NSE:NBCC
NBCC (India) Ltd
Amidst the vast landscape of India’s public sector enterprises, NBCC (India) Ltd. emerges as a prominent player, intricately woven into the nation’s developmental fabric. Established in 1960 and headquartered in New Delhi, NBCC has carved a niche in the areas of construction and engineering services, operating under the aegis of the Ministry of Housing and Urban Affairs. The company's primary realm of operation is project management consultancy (PMC), and it holds a prestigious status as a Navratna company, indicative of its significance and autonomy. NBCC’s PMC projects span diverse sectors including housing, town and country planning, hospitals, educational institutions, and infrastructure works, providing end-to-end solutions from conceptualization to execution. Its expertise is particularly sought after in redevelopment projects within India’s urban jungle, transforming underutilized assets into modern, efficient spaces that meet contemporary needs.
Additionally, NBCC has strategically ventured into real estate development and EPC (Engineering Procurement and Construction) contracts, further broadening its revenue streams. Within the real estate sector, the company capitalizes on its robust project management capabilities to develop commercial and residential properties, often on government-owned land, thereby minimizing land acquisition costs. The EPC segment underscores NBCC’s engineering prowess, where the company undertakes infrastructure projects such as roads, power plants, and water supply systems, linking its fortunes closely to governmental infrastructure initiatives. Together, these diversified operations not only secure NBCC a stable revenue base but also position it as a pivotal agent of India’s urban transformation and economic progress.
Amidst the vast landscape of India’s public sector enterprises, NBCC (India) Ltd. emerges as a prominent player, intricately woven into the nation’s developmental fabric. Established in 1960 and headquartered in New Delhi, NBCC has carved a niche in the areas of construction and engineering services, operating under the aegis of the Ministry of Housing and Urban Affairs. The company's primary realm of operation is project management consultancy (PMC), and it holds a prestigious status as a Navratna company, indicative of its significance and autonomy. NBCC’s PMC projects span diverse sectors including housing, town and country planning, hospitals, educational institutions, and infrastructure works, providing end-to-end solutions from conceptualization to execution. Its expertise is particularly sought after in redevelopment projects within India’s urban jungle, transforming underutilized assets into modern, efficient spaces that meet contemporary needs.
Additionally, NBCC has strategically ventured into real estate development and EPC (Engineering Procurement and Construction) contracts, further broadening its revenue streams. Within the real estate sector, the company capitalizes on its robust project management capabilities to develop commercial and residential properties, often on government-owned land, thereby minimizing land acquisition costs. The EPC segment underscores NBCC’s engineering prowess, where the company undertakes infrastructure projects such as roads, power plants, and water supply systems, linking its fortunes closely to governmental infrastructure initiatives. Together, these diversified operations not only secure NBCC a stable revenue base but also position it as a pivotal agent of India’s urban transformation and economic progress.
Revenue Growth: NBCC reported consolidated Q2 revenue of INR 3,017 crores, a 20% year-on-year increase. Standalone revenue was INR 2,225 crores.
Profit Rise: Standalone PAT reached INR 173 crores, up 40% YoY, while consolidated PAT was INR 17 crores, up 25% YoY.
Order Book Strength: Consolidated order book stands at INR 1,28,000 crores, with INR 6,800 crores in new orders secured in Q2.
Guidance Maintained: Management reaffirmed full-year revenue guidance of INR 14,000–15,000 crores and expects standalone PAT margin of 6–6.5% and EBITDA margin of 6–6.5%.
Execution & Pipeline: Around INR 44,000 crores of projects are actively running, with significant revenue contribution expected from major redevelopment and Amrapali projects in upcoming quarters.
Real Estate Strategy: Revenue from real estate was muted in H1 but is targeted at INR 64–65 crores for the year, with a shift towards leasing for select properties expected to boost recurring income.
Growth Outlook: Management targets 20% annual topline growth, with potential for faster growth as large delayed projects commence and new opportunities materialize.
