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, especially in Delhi and other major cities, are a key growth driver, leveraging budget-neutral models that monetize land to fund new government housing.

• Expansion into real estate as a pure developer, with RERA registration and direct sales, is expected to generate significant profits from owned land parcels.

• Overseas operations, including Dubai, Seychelles, Australia, and Mauritius, are being scaled up, with new subsidiaries, partnerships, and land acquisitions to support export targets and international growth.

• Strategic partnerships and MoUs, such as with HUDCO, support funding and execution of large-scale projects.

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.

• Revenue guidance for standalone operations: INR 14,000–15,000 crore in FY2025 (40–50% YoY growth), INR 21,000–22,000 crore in FY2026, and INR 25,000–28,000 crore in FY2027.

• Profitability targets align with aspirations for Maharatna status, aiming for INR 5,000–6,000 crore profit in the next four years, up from INR 750 crore last year.

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

Order Book, Major Projects, and Execution

• Consolidated order book as of March 31, 2026, stood at ₹1,27,820 crore, with 286 running projects and 275 projects yet to be awarded or started.

• Order book expected to reach INR 200,000 crore by year-end, with major new work orders anticipated.

• 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.

• Amrapali project completion delivered over 32,550 houses, with additional 8,269 houses under construction and 4,625 units sold in FY26.

• All seven GPRA redevelopment colonies awarded and under execution, with completion targeted in two years; pipeline includes 150 more colonies in Delhi and other cities.