NCC Limited, formerly known as Nagarjuna Construction Company Limited, stands as a premier player in India’s construction and infrastructure sector. Established in 1978 and headquartered in Hyderabad, NCC has forged a strong presence nationwide and internationally, executing a diverse range of projects across buildings, water and environment, mining, transportation, power, irrigation, and real estate.
For over four decades, NCC has earned a reputation for delivering high-quality projects punctually and within budget, earning the trust and respect of clients, financial institutions, partners, and shareholders. The company’s dedication to excellence and innovation has allowed it to successfully navigate the industry’s complexities and achieve remarkable results.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 22.00% | 22.00% | 22.00% | 22.00% | 22.00% |
| FIIs + | 22.46% | 24.18% | 23.89% | 27.33% | 23.65% |
| DIIs + | 12.29% | 11.03% | 10.52% | 10.63% | 11.40% |
| Public + | 43.24% | 42.81% | 43.59% | 40.03% | 42.96% |
| No. of Shareholders | 2,94,581 | 3,29,498 | 3,67,822 | 4,05,037 | 4,71,532 |
The shareholding patterns of NCC Ltd from June 2023 to June 2024 demonstrate a stable and diverse ownership structure, highlighting confidence from various investor groups. The promoters consistently held a 22.00% stake, reflecting their unwavering commitment to the company’s long-term prospects. Foreign Institutional Investors (FIIs) showed fluctuations, peaking at 27.33% in March 2024 before settling at 23.65% in June 2024, indicating strategic adjustments. Domestic Institutional Investors (DIIs) exhibited a cautious approach, with their holdings initially decreasing but then rising to 11.40% by June 2024. Public shareholding remained relatively stable, fluctuating around the 43% mark and reflecting steady interest from retail investors. The number of shareholders increased significantly from 2,94,581 in June 2023 to 4,71,532 in June 2024, signifying growing trust and participation in NCC Ltd. Overall, these patterns indicate sustained confidence in the company’s performance and future prospects.
Below are the trading platforms that you can use to purchase NCC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| August 2024 | 349.40 | 303.83 |
| September 2024 | 363.38 | 315.98 |
| October 2024 | 356.26 | 309.79 |
| November 2024 | 370.51 | 322.18 |
| December 2024 | 374.21 | 325.40 |
In 2024, NCC Ltd shares are expected to exhibit the following maximum and minimum prices: August is expected to reach ₹349.40 and₹303.83, September is expected to reach ₹363.38 and ₹315.98, October is expected to reach ₹356.26 and ₹309.79, November is expected to reach ₹370.51 and ₹322.18, and December is expected to reach ₹374.21 and ₹325.40.
| When | Maximum Price | Minimum Price |
| January 2025 | 377.95 | 290.73 |
| February 2025 | 381.77 | 293.67 |
| March 2025 | 389.79 | 299.84 |
| April 2025 | 385.93 | 296.87 |
| May 2025 | 374.69 | 288.22 |
| June 2025 | 391.55 | 301.19 |
| July 2025 | 383.87 | 295.29 |
| August 2025 | 395.74 | 304.42 |
| September 2025 | 400.49 | 308.07 |
| October 2025 | 410.90 | 316.08 |
| November 2025 | 421.18 | 323.98 |
| December 2025 | 440.13 | 338.56 |
In 2025, the expected maximum and minimum prices for NCC Ltd shares are as follows: January is expected to reach ₹377.95 and ₹290.73, February is expected to reach ₹381.77 and ₹293.67, March is expected to reach ₹389.79 and ₹299.84, April is expected to reach ₹385.93 and ₹296.87, May is expected to reach ₹374.69 and ₹288.22, June is expected to reach ₹391.55 and ₹301.19, July is expected to reach ₹383.87 and ₹295.29, August is expected to reach ₹395.74 and ₹304.42, September is expected to reach ₹400.49 and ₹308.07, October is expected to reach ₹410.90 and ₹316.08, November is expected to reach ₹421.18 and ₹323.98, and December is expected to reach ₹440.13 and ₹338.56.
| When | Maximum Price | Minimum Price |
| January 2026 | 453.33 | 348.72 |
| February 2026 | 442.00 | 340.00 |
| March 2026 | 450.84 | 346.80 |
| April 2026 | 460.04 | 353.88 |
| May 2026 | 455.49 | 350.37 |
| June 2026 | 466.87 | 359.13 |
| July 2026 | 457.72 | 352.09 |
| August 2026 | 471.88 | 362.98 |
| September 2026 | 481.31 | 370.24 |
| October 2026 | 493.83 | 379.87 |
| November 2026 | 506.17 | 389.36 |
| December 2026 | 518.83 | 399.10 |
| When | Maximum Price | Minimum Price |
| January 2027 | 524.02 | 403.09 |
| February 2027 | 537.45 | 413.42 |
| March 2027 | 558.41 | 429.55 |
| April 2027 | 547.46 | 421.13 |
| May 2027 | 531.52 | 408.86 |
| June 2027 | 555.44 | 427.26 |
| July 2027 | 544.55 | 418.88 |
| August 2027 | 561.39 | 431.84 |
| September 2027 | 581.04 | 446.95 |
| October 2027 | 596.14 | 458.57 |
| November 2027 | 611.05 | 470.04 |
| December 2027 | 626.32 | 481.79 |
| When | Maximum Price | Minimum Price |
| January 2028 | 638.85 | 491.42 |
| February 2028 | 655.23 | 504.02 |
| March 2028 | 680.78 | 523.68 |
| April 2028 | 667.43 | 513.41 |
| May 2028 | 648.00 | 498.46 |
| June 2028 | 677.15 | 520.89 |
| July 2028 | 663.88 | 510.67 |
| August 2028 | 684.41 | 526.47 |
| September 2028 | 708.36 | 544.90 |
| October 2028 | 726.78 | 559.06 |
| November 2028 | 744.95 | 573.04 |
| December 2028 | 763.57 | 587.37 |
| When | Maximum Price | Minimum Price |
| January 2029 | 778.85 | 599.11 |
| February 2029 | 798.82 | 614.47 |
| March 2029 | 829.97 | 638.44 |
| April 2029 | 813.70 | 625.92 |
| May 2029 | 790.00 | 607.69 |
| June 2029 | 825.55 | 635.04 |
| July 2029 | 809.36 | 622.58 |
| August 2029 | 834.39 | 641.84 |
| September 2029 | 863.59 | 664.30 |
| October 2029 | 886.05 | 681.58 |
| November 2029 | 908.20 | 698.61 |
| December 2029 | 930.90 | 716.08 |
| When | Maximum Price | Minimum Price |
| January 2030 | 949.52 | 730.40 |
| February 2030 | 973.87 | 749.13 |
| March 2030 | 1,011.85 | 778.35 |
| April 2030 | 992.01 | 763.08 |
| May 2030 | 963.12 | 740.86 |
| June 2030 | 1,006.46 | 774.20 |
| July 2030 | 986.72 | 759.02 |
| August 2030 | 1,017.24 | 782.49 |
| September 2030 | 1,052.84 | 809.88 |
| October 2030 | 1,080.22 | 830.94 |
| November 2030 | 1,107.22 | 851.71 |
| December 2030 | 1,134.90 | 873.00 |
In 2030, NCC Ltd’s stock price is expected to exhibit an upward trend throughout the year. For January 2030, the maximum price is projected to be ₹949.52, with a minimum of ₹730.40. By December 2030, the stock price is anticipated to reach a maximum of ₹1,134.90 and a minimum of ₹873.00.
Financial Condition of NCC Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 8,901 | 7,949 | 11,138 | 15,553 | 20,845 |
| Expenses + | 7,824 | 7,030 | 10,110 | 14,094 | 19,076 |
| Operating Profit | 1,077 | 919 | 1,028 | 1,459 | 1,769 |
| OPM % | 12% | 12% | 9% | 9% | 8% |
| Other Income + | 63 | 105 | 272 | 144 | 99 |
| Interest | 554 | 480 | 478 | 515 | 595 |
| Depreciation | 199 | 181 | 187 | 203 | 212 |
| Profit before tax | 387 | 363 | 635 | 885 | 1,061 |
| Tax % | 19% | 22% | 22% | 27% | 30% |
| Net Profit + | 314 | 283 | 494 | 646 | 740 |
| EPS in Rs | 5.52 | 4.4 | 7.91 | 9.7 | 11.32 |
| Dividend Payout % | 4% | 18% | 25% | 23% | 19% |
NCC Ltd has demonstrated Strong financial performance from March 2020 to March 2024. Sales significantly increased from ₹8,901 crore in March 2020 to ₹20,845 crore in March 2024, showing strong growth. Expenses grew from ₹7,824 crore to ₹19,076 crore, reflecting the company’s expansion. Operating profit improved from ₹1,077 crore to ₹1,769 crore, though the Operating Profit Margin (OPM) decreased from 12% to 8%, indicating tighter margins. Other income peaked at ₹272 crore in March 2022 but reduced to ₹99 crore by March 2024. Interest expenses slightly rose from ₹554 crore to ₹595 crore, while depreciation costs remained stable around ₹200 crore. Profit before tax increased from ₹387 crore to ₹1,061 crore, highlighting improved profitability. The tax rate rose to 30% in March 2024 from 19% in March 2020, impacting net profit growth. However, net profit more than doubled from ₹314 crore to ₹740 crore, and Earnings per Share (EPS) grew from ₹5.52 to ₹11.32, indicating better returns for shareholders. The dividend payout ratio fluctuated, peaking at 25% in March 2022 and slightly declining to 19% by March 2024. Overall, NCC Ltd’s financials reflect substantial growth in sales and profits despite rising costs and tighter margins.
FAQS
As of July 24th, 2024, the share price of NCC Ltd is around INR ₹338.
Based on various market analyses and expert opinions, the expected share price target of NCC Ltd by 2024 is around INR 374.21.
As per our analysis, NCC Ltd in 2025 is expected to trade between ₹288.22 to ₹440.13.
As per our analysis, NCC Ltd share price target for 2030 would be somewhere between ₹730.40 and ₹1,134.90.
You can invest in NCC Ltd shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
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Conclusion
In conclusion, NCC Limited has demonstrated strong financial growth over the past five years, with sales surging from ₹8,901 crore in March 2020 to ₹20,845 crore in March 2024, and operating profit increasing from ₹1,077 crore to ₹1,769 crore. Despite a reduced Operating Profit Margin, the company’s profit before tax saw a significant rise to ₹1,061 crore. Net profit more than doubled to ₹740 crore, and EPS grew to ₹11.32, reflecting enhanced returns for shareholders. The consistent shareholding patterns and growing number of shareholders indicate robust investor confidence. Overall, NCC Ltd’s financial performance underscores its resilience and promising future.
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