Market Performance
The NCC share price opened Monday’s session on a strong note, gaining as much as 4.77% to ₹218.23 apiece on the NSE. The rally came after the company announced a major contract win worth over ₹2,090 crore.
Despite today’s upmove, NCC has witnessed sharp swings in recent months:
- +17% in the last six months
- -31% over the past one year
- +560% multibagger return in the last five years
This mix of short-term volatility and long-term wealth creation has kept NCC on the radar of both institutional and retail investors.
NCC Bags ₹2,090.5 Crore Project in Bihar
In a regulatory filing dated 15th September 2025, NCC confirmed that it has received a letter of award from the Water Resources Department, Bihar for a large-scale infrastructure project.
The contract includes:
- Construction of Barner Reservoir Scheme in Jamui district
- Development of reservoir and dam structures
- Setting up irrigation canals and other supporting works
Key details of the contract:
- Project Value: ₹2,090.5 crore (excluding GST)
- Execution Timeline: 30 months construction phase
- Defect Liability Period (DLP): 60 months post-completion
- Awarded under domestic contract category
- Not related to any party transaction
This order further strengthens NCC’s position in India’s infrastructure growth story, especially in the water management and irrigation space.
Company Financials – Q1 FY26 Highlights
Alongside this fresh project win, NCC recently reported its Q1 FY26 results, showing a mixed performance.
Revenue & Income
- Revenue from operations: ₹5,178.9 crore (↓ 6.3% YoY)
- Total income: ₹5,207.9 crore (↓ 6% YoY)
Profitability
- Net Profit: ₹192.1 crore (↓ 8.4% YoY vs. ₹209.9 crore in Q1 FY25)
- EBITDA: ₹456.12 crore (↓ 4.3% YoY)
- EBITDA Margin: 8.8% (↑ from 8.6% in Q1 FY25)
Order Book
- Fresh orders in Q1 FY26: ₹3,658 crore
- Consolidated order book as of June 2025: ₹70,087 crore
Summary
The NCC share price surged on Monday after the company secured a ₹2,090.5 crore reservoir project in Bihar. While Q1 FY26 results showed a dip in revenue and profit, margins held steady, and the company’s strong order book of ₹70,087 crore provides visibility for future growth.
In the near term, the stock has seen both ups and downs—rising 17% in six months but losing 31% over a year. Yet, its five-year journey tells a different story, with returns soaring more than 560%, making NCC one of the standout performers in the construction and infrastructure space.
