NCC Limited (formerly Nagarjuna Construction Company Limited) is one of India’s leading construction and infrastructure development companies. With a diverse portfolio that spans buildings, transportation, water, power, and urban infrastructure, NCC is recognized for its engineering excellence, timely project delivery, and focus on sustainability. The company has played a pivotal role in shaping India’s infrastructure landscape. As of December 19, 2024, the NCC share price on the BSE is ₹300. Below are the projected NCC share price target for the years 2025, 2030, 2035 And 2040.
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NCC Limited Company Overview
Founded in 1978 and headquartered in Hyderabad, Telangana, NCC Limited operates across multiple sectors, including roads and highways, railways, water supply and irrigation, residential and commercial buildings, power transmission, and industrial infrastructure. The company is known for executing large-scale, complex projects both in India and abroad.
| Company type | Public |
| Traded as | BSE: 500294 NSE: NCC |
| Industry | Construction |
| Founded | 1978 |
| Founder | AVS Raju |
| Headquarters | Hyderabad, Telangana, India |
| Key people | A A V Ranga Raju, (M.D) A G K Raju, Executive Director |
| Brands | transportation, power, water, agriculture, real-estate, residential and commercial building |
| Revenue | ₹22,469 crore(FY24) |
| Net income | ₹867 crore(FY24) |
| Total assets | ₹19,662 crore(FY24) |
| Number of employees | 6,586 (2024) |
| Website | www.ncclimited.com |
NCC Share Price Target 2025-2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹360 | ₹150 | ₹325 |
| 2025 | ₹430 | ₹220 | ₹390 |
| 2026 | ₹510 | ₹300 | ₹460 |
| 2027 | ₹600 | ₹380 | ₹530 |
| 2028 | ₹720 | ₹420 | ₹650 |
| 2029 | ₹850 | ₹510 | ₹780 |
| 2030 | ₹1010 | ₹650 | ₹960 |
| 2035 | ₹1950 | ₹850 | ₹1700 |
| 2040 | ₹3250 | ₹1450 | ₹2950 |
Technical Analysis for NCC Ltd
NCC Share Price Target For 2025
| Year | 1st Target | 2nd Target |
| 2025 | 390 | 430 |
NCC Ltd, a leading infrastructure development company in India, is poised for steady growth in 2025. With its expertise in executing large-scale projects in areas such as transportation, real estate, and water management, NCC is well-positioned to benefit from the increasing demand for infrastructure development. For 2025, the first target share price is projected at ₹390, with a second target of ₹430, reflecting its strong execution capabilities and consistent growth.
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NCC Share Price Target For 2026
| Year | 1st Target | 2nd Target |
| 2026 | 470 | 510 |
In 2026, NCC is expected to continue benefiting from government initiatives focused on infrastructure development and urbanization. Its robust order book and timely project execution are likely to drive further growth. The first target share price for 2026 is estimated at ₹470, with a second target of ₹510, showcasing the company steady progress in the sector.
NCC Ltd Share Price Target For 2027
| Year | 1st Target | 2nd Target |
| 2027 | 560 | 600 |
By 2027, NCC is anticipated to strengthen its market position through its continued focus on project diversification and efficiency improvements. With a strong presence in the infrastructure domain, the first target share price is projected at ₹560, with a second target of ₹600, reflecting its ability to deliver value to stakeholders.
NCC Share Price Target For 2028
| Year | 1st Target | 2nd Target |
| 2028 | 670 | 720 |
In 2028, NCC expansion into newer geographies and increasing investments in sustainable infrastructure projects are likely to contribute to its growth. The first target share price for 2028 is forecasted at ₹670, with a second target of ₹720, highlighting the company’s long-term potential in the infrastructure sector.
NCC Share Price Target For 2029
| Year | 1st Target | 2nd Target |
| 2029 | 800 | 850 |
The year 2029 is expected to mark significant growth for NCC as it capitalizes on favorable market conditions and government spending on large-scale infrastructure projects. The first target share price for 2029 is projected at ₹800, with a second target of ₹850, showcasing its consistent upward trajectory.
NCC Share Price Target For 2030
| Year | 1st Target | 2nd Target |
| 2030 | 920 | 1010 |
By 2030, NCC is likely to achieve substantial growth as it continues to execute high-value projects and explore opportunities in emerging markets. The first target share price is estimated at ₹920, with a second target of ₹1010, reflecting its strong operational performance and strategic expansion.
NCC Share Price Target For 2035
| Year | 1st Target | 2nd Target |
| 2035 | 1550 | 1950 |
Looking ahead to 2035, NCC is expected to emerge as a major player in the global infrastructure industry, supported by its extensive expertise and focus on innovation. The first target share price is projected at ₹1550, with a second target of ₹1950, reflecting its ability to create long-term value for investors.
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NCC Share Price Target For 2040
| Year | 1st Target | 2nd Target |
| 2040 | 2500 | 3250 |
By 2040, NCC sustained focus on technological advancements, efficient project management, and a growing presence in international markets is anticipated to result in exponential growth. The first target share price is forecasted at ₹2500, with a second target of ₹3250, underscoring the company potential to be a leader in the infrastructure sector over the long term.
NCC Limited Competitors Comparison
| Sector: Construction | Industry: Construction | ||||
| Name | P/E | Mar Cap Rs.Cr. | NP Qtr Rs.Cr. | Sales Qtr Rs.Cr. | ROCE % |
| NCC | 22.02 | 18829.09 | 174.79 | 5195.98 | 22.1 |
| Man Infra | 32.78 | 8841.33 | 47.25 | 230.32 | 28.06 |
| Mahindra Life. | 60.5 | 7,274 | -14.01 | 7.61 | 2.01 |
| Arkade | 24.7 | 3036.53 | 43.36 | 201.65 | 45.21 |
| PSP Projects | 29.02 | 2,705 | 11.15 | 578.09 | 19.08 |
| Elpro Internatio | 15.85 | 2,018 | 32.22 | 207.42 | 7.85 |
| B.L.Kashyap | 31.24 | 1741.76 | 9.38 | 267.28 | 14.29 |
NCC Limited Fundamentals
| Metric | Value |
| Market Cap | ₹19,005 Cr |
| P/E Ratio (TTM) | 22.83 |
| P/B Ratio | 2.77 |
| Industry P/E | 25.33 |
| Debt to Equity | 0.25 |
| Return on Equity (ROE) | 12.12% |
| EPS (TTM) | 13.26 |
| Dividend Yield | 0.73% |
| 52 Week High | ₹364.5 |
| 52 Week Low | ₹154.6 |
| Book Value | 109.43 |
| Face Value | 2 |
NCC Limited Financial Results
| Value In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 7,949 | 11,138 | 15,553 | 20,845 | 22,469 |
| Expenses | 7,030 | 10,110 | 14,094 | 19,076 | 20,492 |
| Operating Profit | 919 | 1,028 | 1,459 | 1,769 | 1,977 |
| OPM % | 12% | 9% | 9% | 8% | 9% |
| Other Income | 105 | 272 | 144 | 99 | 102 |
| Interest | 480 | 478 | 515 | 595 | 631 |
| Depreciation | 181 | 187 | 203 | 212 | 214 |
| Profit before tax | 363 | 635 | 885 | 1,061 | 1,233 |
| Tax % | 22% | 22% | 27% | 30% | |
| Net Profit | 283 | 494 | 646 | 740 | 867 |
| EPS in Rs | 4.40 | 7.91 | 9.70 | 11.32 | 13.26 |
| Dividend Payout % | 18% | 25% | 23% | 19% |
NCC Limited Balance Sheet
| Value In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 122 | 122 | 126 | 126 | 126 |
| Reserves | 5,049 | 5,481 | 6,041 | 6,514 | 6,745 |
| Borrowings | 2,062 | 1,302 | 974 | 980 | 1,726 |
| Other Liabilities | 6,307 | 7,553 | 9,409 | 10,475 | 11,064 |
| Total Liabilities | 13,540 | 14,458 | 16,550 | 18,095 | 19,662 |
| Fixed Assets | 1,417 | 1,443 | 1,503 | 1,565 | 1,598 |
| CWIP | 22 | 7 | 22 | 41 | 41 |
| Investments | 440 | 346 | 352 | 155 | 149 |
| Other Assets | 11,661 | 12,662 | 14,673 | 16,334 | 17,873 |
| Total Assets | 13,540 | 14,458 | 16,550 | 18,095 | 19,662 |
NCC Limited Shareholding Pattern
| No. in % | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Promoters | 19.68% | 19.68% | 22.00% | 22.00% | 22.00% |
| FIIs | 13.12% | 8.89% | 19.96% | 27.33% | 20.86% |
| DIIs | 12.20% | 12.25% | 12.86% | 10.63% | 12.34% |
| Public | 55.00% | 59.18% | 45.16% | 40.03% | 44.78% |
| No. of Shareholders | 2,67,934 | 3,38,342 | 2,87,451 | 4,05,037 | 5,02,087 |
NCC Limited Dividends History
| Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
| 15 May, 2024 | 30 Aug, 2024 | Final | 2.20 |
| 26 May, 2023 | 25 Aug, 2023 | Final | 2.20 |
| 11 May, 2022 | 11 Aug, 2022 | Final | 2.00 |
| 28 May, 2021 | 05 Aug, 2021 | Final | 0.80 |
| 29 May, 2020 | 07 Sep, 2020 | Final | 0.20 |
| 24 May, 2019 | 08 Aug, 2019 | Final | 1.50 |
| 24 May, 2018 | 30 Jul, 2018 | Final | 1.00 |
| 26 May, 2017 | 07 Aug, 2017 | Final | 0.40 |
| 24 May, 2016 | 08 Aug, 2016 | Final | 0.60 |
| 14 May, 2015 | 10 Aug, 2015 | Final | 0.40 |
| 15 May, 2014 | 08 Jul, 2014 | Final | 0.20 |
| 22 May, 2013 | 12 Sep, 2013 | Final | 0.30 |
| 29 May, 2012 | 13 Sep, 2012 | Final | 0.30 |
| 02 Jun, 2011 | 21 Jul, 2011 | Final | 1.00 |
| 25 May, 2010 | 22 Jul, 2010 | Final | 1.30 |
| 28 May, 2009 | 14 Jul, 2009 | Final | 1.10 |
| 30 May, 2008 | 17 Jul, 2008 | Final | 1.30 |
| 28 May, 2007 | 12 Jul, 2007 | Final | 0.40 |
| 12 Mar, 2007 | 26 Mar, 2007 | Interim | 0.80 |
| 30 May, 2006 | 10 Aug, 2006 | Final | 1.60 |
| 16 May, 2005 | 21 Jul, 2005 | Final | 6.00 |
| 21 Jun, 2004 | 09 Sep, 2004 | Final | 4.00 |
| 28 Jun, 2003 | 10 Sep, 2003 | Final | 3.00 |
| 05 Jul, 2002 | 09 Sep, 2002 | Final | 0.00 |
NCC Limited Bonus History
| Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
| 29 May, 2006 | 20 Sep, 2006 | 1:1 | For every 1 share held; Holder will receive 1 bonus shares |
NCC Limited Split History
| Announcement Date | Ex-Split Date | Old FV | New FV | Remarks |
| 16 May, 2005 | 24 Aug, 2005 | 10 | 2 | For every share held, the holder will receive 5 shares post the split adjustment. |
FAQs
Q1. What is the share price target for NCC in 2025?
Ans: The predicted share price targets for NCC in 2025 are ₹390 for the first target and ₹430 for the second target. With a strong order book and ongoing projects, NCC is expected to see steady growth
Q2. What is the share price target for NCC in 2026?
Ans: In 2026, NCC share price is projected to reach ₹470 for the first target and ₹510 for the second target, driven by increased government spending on infrastructure.
Q3. What is the share price target for NCC in 2027?
Ans: By 2027, the share price targets are ₹560 for the first target and ₹600 for the second target. The company is expected to benefit from securing more contracts as infrastructure demand continues to grow.
Q4. What is the share price target for NCC in 2028?
Ans: For 2028, the expected share price targets are ₹670 for the first target and ₹720 for the second target. Efficient project execution and diversification into new sectors could fuel this growth.
Q5. What is the share price target for NCC in 2029?
Ans: In 2029, NCC is likely to achieve ₹800 for the first target and ₹850 for the second target as it expands operations and maintains consistent revenue growth.
Q6. What is the share price target for NCC in 2030?
Ans: The predicted share price targets for 2030 are ₹920 for the first target and ₹1010 for the second target. Focus on cost management and an expanding client base will contribute to sustained growth.
Q7. What is the share price target for NCC in 2035?
Ans: Looking at the long term, NCC share price could reach ₹1550 for the first target and ₹1950 for the second target by 2035 as it becomes a leading player in the infrastructure sector.
Q8. What is the share price target for NCC in2040?
Ans: By 2040, NCC share price targets are ₹2500 for the first target and ₹3250 for the second target, supported by its market leadership and continuous expansion in infrastructure projects.
Q9. Who is the current CEO of NCC?
Ans: The current CEO of the Nagarjuna Construction Company Limited (NCC) is Mr. A A V Ranga Raju.
Q10. How can I contact NCC Limited?
Ans: You can contact NCC Limited via phone at +91-40-23268888 or visit their website at www.ncclimited.com.
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