Stock Price Movement and Market Context
On 27 Jan 2026, NCC Ltd’s share price reached Rs.138.5, marking its lowest level in the past 52 weeks. This represents a sharp contrast to its 52-week high of Rs.261.85, highlighting a substantial depreciation of nearly 47% from the peak. The stock’s performance today was in line with the construction sector, which also faced downward pressure, with indices such as NIFTY MEDIA and NIFTY REALTY hitting new 52-week lows concurrently.
Despite the broader market’s positive momentum, with the Sensex recovering from an initial drop of 100.91 points to close at 81,581.04, NCC Ltd’s shares remain below all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – signalling sustained bearish sentiment.
Financial Performance and Profitability Trends
The stock’s decline is underpinned by recent quarterly results that showed a downturn in key financial metrics. For the quarter ending September 2025, NCC Ltd reported a Profit Before Tax (PBT) of Rs.166.57 crore, down 33.5% compared to the average of the previous four quarters. Similarly, Profit After Tax (PAT) declined by 22.9% to Rs.154.70 crore, while net sales fell by 16.8% to Rs.4,543.01 crore over the same period.
These figures indicate a contraction in profitability and revenue generation, which has contributed to the stock’s underperformance relative to the broader market. Over the last year, NCC Ltd’s stock has delivered a negative return of -37.79%, starkly contrasting with the Sensex’s positive return of 8.33% and the BSE500’s 8.41% gain.
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Valuation and Efficiency Metrics
Despite the recent setbacks, NCC Ltd maintains several positive financial attributes. The company exhibits a high Return on Capital Employed (ROCE) of 16.94%, reflecting efficient utilisation of capital resources. Additionally, the firm’s debt servicing capacity remains robust, with a low Debt to EBITDA ratio of 0.97 times, indicating manageable leverage levels.
Net sales have demonstrated healthy long-term growth, expanding at an annual rate of 22.70%, while operating profit has grown at 17.73% annually. The company’s valuation metrics also suggest an attractive profile, with an Enterprise Value to Capital Employed ratio of 1.1, positioning it fairly relative to peer averages.
Market Position and Institutional Holdings
NCC Ltd’s market capitalisation grade stands at 3, and its Mojo Score is 36.0, with a recent downgrade from a Hold to a Sell rating on 20 Oct 2025. Institutional investors hold a significant 26.8% stake in the company, reflecting confidence from entities with extensive analytical capabilities and resources.
While the stock has underperformed the market over the past year, the company’s operational metrics and capital efficiency remain noteworthy within the construction sector.
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Comparative Market Performance
Over the last twelve months, NCC Ltd’s stock has lagged significantly behind the broader market indices. While the Sensex and BSE500 indices have recorded gains of 8.33% and 8.41% respectively, NCC Ltd’s share price has declined by 37.79%. This divergence underscores the challenges faced by the company in maintaining investor confidence amid fluctuating financial results.
The stock’s current trading below all major moving averages further emphasises the prevailing downward momentum, contrasting with the Sensex’s position where the 50-day moving average remains above the 200-day moving average, signalling a more stable market trend.
Sectoral and Market Environment
The construction sector, to which NCC Ltd belongs, has experienced mixed performance with some indices such as NIFTY MEDIA and NIFTY REALTY also hitting 52-week lows on the same day. This sectoral pressure, combined with company-specific financial results, has contributed to the stock’s recent price movements.
Meanwhile, mega-cap stocks have led the broader market’s modest gains, highlighting a divergence between large-cap stability and mid-cap or sector-specific volatility.
Summary of Key Financial Indicators
To encapsulate, NCC Ltd’s recent quarterly results show declines in PBT, PAT, and net sales by 33.5%, 22.9%, and 16.8% respectively compared to the previous four-quarter averages. Despite this, the company maintains a strong ROCE of 16.94%, a low Debt to EBITDA ratio of 0.97, and steady long-term growth rates in net sales and operating profit.
These mixed signals reflect a company navigating a challenging market environment while retaining certain financial strengths.
Conclusion
NCC Ltd’s stock reaching a 52-week low of Rs.138.5 marks a significant milestone in its recent price trajectory, underscoring the impact of subdued quarterly financial performance and sectoral pressures. While the broader market and mega-cap stocks have shown resilience, NCC Ltd’s share price continues to reflect the challenges faced over the past year, with returns lagging behind key indices. The company’s financial metrics reveal a blend of efficiency and growth potential tempered by recent declines in profitability and sales.
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