NBCC (India) (534309) Investor Day 2026 summary

Strategic direction and business model

• Focus on three core segments: project management consultancy (PMC), engineering procurement and construction (EPC), and real estate development, with a growing emphasis on redevelopment and monetization of government assets.

• Redevelopment projects leverage commercial exploitation of land to fund government housing, creating a budget-neutral, self-sustaining model that is attracting increasing interest from state governments.

• Real estate activities are conducted as a full developer, with RERA registration and direct sales, targeting significant profit from owned land parcels.

• Overseas expansion includes a Dubai subsidiary, new partnerships in Dubai, Seychelles, and Australia, and ongoing projects in Mauritius, Maldives, and Dubai, aligning with export targets set by the Department of Public Enterprises.

• Strategic acquisitions and synergy initiatives, such as the proposed full acquisition of HSCL, are underway to consolidate operations in overlapping business areas.

Financial performance and growth outlook

• Consolidated total income for FY26 reached ₹13,195.88 crore, up 7.52% year-over-year, with PAT rising 33.19% to ₹742.44 crore and a final dividend of ₹0.46 per share declared.

• Standalone revenue from operations grew 12% in FY26, with standalone PAT up 48% and a strong, debt-free balance sheet maintained.

• EBITDA margin for FY26 stood at 5.5% standalone and 4.8% consolidated, with PAT margins at 7.2% and 7.7% respectively.

• Revenue is projected to grow 40%-50% in the current year to INR 14,000–15,000 crore, with further increases to INR 21,000–22,000 crore next year and INR 25,000–28,000 crore in the following year.

• Profitability targets are set at nearly 10% margin, with a vision to achieve INR 5,000–6,000 crore profit in the medium term, aiming for Maharatna status.

Order book, business secured, and major projects

• Consolidated order book as of March 31, 2026, stood at ₹1,27,820 crore, with expectations to reach INR 200,000 crore by year-end, driven by major new work orders.

• New business secured in FY26 totaled ₹18,780 crore, with ₹5,186 crore secured in Q4; works awarded in FY26 amounted to ₹11,546 crore.

• Major projects secured include urban development for RIICO (₹4,916 crore), Naveen Nagpur (₹2,966 crore), and redevelopment of DDA staff quarters and GPRA colonies.

• Execution of large projects such as MAHAPREIT, J&K, Naveen Nagpur, and Supertech is set to commence within the year, collectively valued at over INR 40,000 crore.

• Appointed to complete 50,000 stalled Supertech housing units (₹10,000 crore topline) and resolved the Ghitorni land dispute, unlocking ₹8,500 crore revenue potential.