NCC Ltd
NSE:NCC

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NCC Ltd
NSE:NCC
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Price: 165.29 INR 0.8% Market Closed
Market Cap: ₹103.8B

EV/EBIT

5.9
Current
16%
Cheaper
vs 3-y average of 7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.9
=
Enterprise Value
₹86.4B
/
EBIT
₹16.2B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
5.9
=
Enterprise Value
₹86.4B
/
EBIT
₹16.2B

Valuation Scenarios

NCC Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (7), the stock would be worth ₹197.49 (19% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+297%
Average Upside
124%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 5.9 ₹165.29
0%
3-Year Average 7 ₹197.49
+19%
5-Year Average 6.6 ₹185.59
+12%
Industry Average 15.7 ₹442.77
+168%
Country Average 23.3 ₹656.09
+297%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹86.4B
/
Jan 2026
₹16.2B
=
5.9
Current
₹86.4B
/
Mar 2026
₹13.2B
=
6.5
Forward
₹86.4B
/
Mar 2027
₹16.3B
=
5.3
Forward
₹86.4B
/
Mar 2028
₹18.8B
=
4.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
NCC Ltd
NSE:NCC
103B INR 5.9 14.3
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 11.5 19.9
US
Quanta Services Inc
NYSE:PWR
94.7B USD 64.3 92.3
FR
Vinci SA
PAR:DG
72.9B EUR 9.7 14.8
US
Comfort Systems USA Inc
NYSE:FIX
62.4B USD 46.8 61
IN
Larsen & Toubro Ltd
NSE:LT
5.5T INR 24.1 34.2
IN
Larsen and Toubro Ltd
F:LTO
47B EUR 21.8 30.8
NL
Ferrovial SE
AEX:FER
43.2B EUR 51.4 48.7
ES
Ferrovial SA
MAD:FER
43B EUR 51.1 48.7
DE
Hochtief AG
XETRA:HOT
35.2B EUR 17.2 38.9
US
EMCOR Group Inc
NYSE:EME
38.9B USD 24.1 30.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
NCC Ltd
NSE:NCC
Average EV/EBIT: 29.8
5.9
3%
2
JP
Sumitomo Densetsu Co Ltd
TSE:1949
11.5
N/A N/A
US
Quanta Services Inc
NYSE:PWR
64.3
24%
2.7
FR
Vinci SA
PAR:DG
9.7
7%
1.4
US
Comfort Systems USA Inc
NYSE:FIX
46.8
22%
2.1
IN
Larsen & Toubro Ltd
NSE:LT
24.1
20%
1.2
IN
Larsen and Toubro Ltd
F:LTO
21.8
20%
1.1
NL
Ferrovial SE
AEX:FER
51.4
14%
3.7
ES
Ferrovial SA
MAD:FER
51.1
14%
3.7
DE
H
Hochtief AG
XETRA:HOT
17.2
5%
3.4
US
EMCOR Group Inc
NYSE:EME
24.1
11%
2.2
P/E Multiple
Earnings Growth PEG
IN
NCC Ltd
NSE:NCC
Average P/E: 39.5
14.3
6%
2.4
JP
Sumitomo Densetsu Co Ltd
TSE:1949
19.9
3%
6.6
US
Quanta Services Inc
NYSE:PWR
92.3
39%
2.4
FR
Vinci SA
PAR:DG
14.8
10%
1.5
US
Comfort Systems USA Inc
NYSE:FIX
61
18%
3.4
IN
Larsen & Toubro Ltd
NSE:LT
34.2
21%
1.6
IN
Larsen and Toubro Ltd
F:LTO
30.8
21%
1.5
NL
Ferrovial SE
AEX:FER
48.7
6%
8.1
ES
Ferrovial SA
MAD:FER
48.7
6%
8.1
DE
H
Hochtief AG
XETRA:HOT
38.9
18%
2.2
US
EMCOR Group Inc
NYSE:EME
30.5
8%
3.8

Market Distribution

Lower than 96% of companies in India
Percentile
4th
Based on 2 572 companies
4th percentile
5.9
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

NCC Ltd
Glance View

NCC Ltd., originally founded in 1978 as Nagarjuna Construction Company, has carved out a formidable presence in India’s infrastructure and construction sector. Over the years, starting from modest beginnings, NCC has strategically expanded its operations to cover a wide array of construction activities ranging from residential and commercial buildings to complex infrastructure projects such as roads, highways, bridges, and water supply systems. Their expertise and portfolio extend well beyond mere construction, encompassing urban infrastructure development, which includes railways, airports, and even electrical and power transmission projects. NCC’s business model thrives on executing large-scale public sector projects, effectively securing contracts through competitive bidding and optimizing construction processes to ensure cost-efficiency and timely delivery. A significant portion of the company's revenue is generated from government contracts, bolstered by India’s increasing focus on infrastructure development. Their operations are underpinned by a robust management system that handles the intricacies of project life cycles, from planning and design to execution and maintenance. NCC also leverages joint ventures and strategic partnerships, enhancing its capability to undertake formidable projects requiring substantial technical know-how and resources. Its revenue streams, thus, are a blend of project-based payments coupled with long-term maintenance contracts, ensuring a steady and diversified financial flow. This adept management of resources and strategic execution positions NCC Ltd. as a stalwart in the infrastructure industry, continually expanding its horizon beyond national borders, tapping into international markets for sustained growth.

NCC Intrinsic Value
206.27 INR
Undervaluation 20%
Intrinsic Value
Price ₹165.29
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