NCC Limited opens special window for share dematerialization until February 4, 2027

1 min read     Updated on 26 May 2026, 12:46 AM
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NCC Limited has opened a special window for the transfer and dematerialization of physical securities until February 4, 2027. This facility targets investors who bought shares before April 1, 2019, and faced issues with transfer or dematerialization. Eligibility requires the submission of original share certificates and supporting documents to KFin Technologies Limited.

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NCC Limited has announced a special window for the transfer and dematerialization of physical securities, which will remain open until February 4, 2027. This facility is available to investors who purchased physical shares prior to April 1, 2019, and either did not lodge them for transfer or had their requests rejected or returned due to documentation deficiencies.

The initiative follows a SEBI circular dated January 30, 2026, aimed at easing the process of investment and compliance for shareholders holding physical share certificates. The company has clarified that only requests accompanied by original share certificates, along with transfer deeds and other supporting documents, will be considered under this special window.

To determine eligibility, the company has provided a matrix outlining the conditions under which investors can avail of the facility. Investors who executed transfer deeds before April 1, 2019, and possess the original certificates are eligible, regardless of whether they lodged the shares earlier. However, those who do not have the original certificates or whose requests were previously rejected without the original documents are not eligible.

Transfer Deed Executed Lodged Earlier Original Certificate Available Eligible
Before 01-Apr-2019 No Yes
Before 01-Apr-2019 Yes Yes
Before 01-Apr-2019 (Rejected/Returned) No X
Before 01-Apr-2019 Yes No X
Before 01-Apr-2019 No No X

Investors wishing to utilize this special window must contact the company's Registrar and Transfer Agent, KFin Technologies Limited. The unit handling NCC Limited is located at Selenium Tower - B, Plot No. 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500 032. Queries can be directed via email to einward.ris@kfinfintech.com or through the toll-free number 1800 309 4001.

For further details regarding the regulatory framework, investors have been advised to refer to the specific SEBI circular on the ease of doing investment and the special window for transfer and dematerialization of physical securities.

Historical Stock Returns for NCC

1 Day5 Days1 Month6 Months1 Year5 Years
-1.82%+2.12%-9.48%-12.92%-36.86%+84.40%

How will this special window impact NCC Limited's shareholder base and trading volumes?

Could this initiative set a precedent for other companies to offer similar facilities?

What are the potential risks for investors missing the February 2027 deadline?

NCC FY26 Net Profit at ₹675.32 Cr; Order Book at ₹83,004 Cr

5 min read     Updated on 21 May 2026, 04:43 AM
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NCC Limited reported a consolidated net profit of ₹675.32 Crore for the financial year ended March 31, 2026, down from ₹819.88 Crore in the previous year, while revenue decreased to ₹20,944.40 Crore. The company's order book reached a record ₹83,004 Crore, and the Board recommended a dividend of ₹2.20 per share. Leadership changes included the appointment of a new Chairman and key directors, alongside several industry awards.

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NCC Limited reported a consolidated net profit of ₹675.32 Crore for the financial year ended March 31, 2026, compared to ₹819.88 Crore in the previous year. Revenue from operations for FY2025-26 stood at ₹20,944.40 Crore, a decrease from ₹22,354.91 Crore in FY2024-25. The Board of Directors has recommended an equity dividend of ₹2.20 per share (110%) for the fiscal year, subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 27, 2026. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the analyst conference call held on May 16, 2026, discussing the audited financial results for the quarter and financial year ended March 31, 2026, has been made available on the company's website.

Consolidated Financial Performance

For the fourth quarter ended March 31, 2026, the company reported a consolidated turnover of ₹6,250.98 Crore against ₹6,189.36 Crore in the corresponding quarter of the previous year. Net profit attributable to shareholders for Q4 was ₹206.02 Crore, compared to ₹253.82 Crore in the year-ago quarter. EBITDA for the quarter stood at ₹550.41 Crore, with an EBITDA margin of 8.84%, compared to 9.10% in the same period last year. Basic and Diluted EPS for Q4 FY2025-26 was ₹3.28, down from ₹4.04 in the same period last year.

Metric: Q4 FY2025-26 Q4 FY2024-25 FY2025-26 FY2024-25
Turnover (incl. other income): ₹6,250.98 Crore ₹6,189.36 Crore ₹20,944.40 Crore ₹22,354.91 Crore
EBITDA: ₹550.41 Crore ₹556.31 Crore ₹1,836.08 Crore ₹1,918.07 Crore
EBITDA Margin: 8.84% 9.10%
Net Profit (attributable to shareholders): ₹206.02 Crore ₹253.82 Crore ₹675.32 Crore ₹819.88 Crore
Basic & Diluted EPS (₹): ₹3.28 ₹4.04 ₹10.76 ₹13.06

Standalone Financial Performance

On a standalone basis, NCC Limited reported a turnover of ₹17,669.28 Crore for FY2025-26, compared to ₹19,392.79 Crore in the previous year. Net profit for the year stood at ₹576.76 Crore versus ₹759.44 Crore in the prior year. For the fourth quarter, standalone turnover was ₹5,382.19 Crore, with a net profit of ₹202.88 Crore.

Metric: Q4 FY2025-26 Q4 FY2024-25 FY2025-26 FY2024-25
Turnover (incl. other income): ₹5,382.19 Crore ₹5,445.29 Crore ₹17,669.28 Crore ₹19,392.79 Crore
EBITDA: ₹448.76 Crore ₹495.08 Crore ₹1,448.34 Crore ₹1,744.42 Crore
Net Profit: ₹202.88 Crore ₹213.76 Crore ₹576.76 Crore ₹759.44 Crore
Basic & Diluted EPS (₹): ₹3.23 ₹3.40 ₹9.19 ₹12.10

Group Revenue Composition

The investor presentation shared ahead of the analyst conference call provides a breakdown of consolidated group revenue for FY26 across NCC's diversified business verticals. The construction segment, representing NCC Limited excluding inter-group revenues, remained the dominant contributor.

Segment: Entity FY26 Revenue (₹ Crore)
Construction: NCC Limited (Excl. revenue from group companies) 17,463
Coal Mining: Pachhwara Coal Mining Pvt Ltd 2,710
Smart Meters: 2 AMI SPVs – MSEDCL Maharashtra 1,267
Tunnels: GMLR Project 404
Real Estate: NCC Urban Infrastructure Ltd 264
Others: Inter Company Eliminations (1,285)
Total: 20,823

Debt Position

The investor presentation also disclosed the company's debt snapshot as of March 31, 2026. On a standalone basis, gross debt stood at ₹2,251 Crore, up 52% year-on-year from ₹1,484 Crore in Q4 FY25, while net debt rose 136% to ₹1,667 Crore. On a consolidated basis, gross debt stood at ₹3,457 Crore, up 117% year-on-year, with net debt at ₹2,815 Crore. The management noted that standalone gross debt rose on peak working-capital needs through Q1–Q3 FY26, with net debt-to-equity remaining within prudent thresholds. The debt mix is diversified across working capital demand loans (61%), short-term loans and PIDs (21%), and long-term loans (18%) on a standalone basis.

Metric: Q4 FY25 Q3 FY26 Q4 FY26 % YoY % QoQ
Standalone Gross Debt: ₹1,484 Crore ₹2,980 Crore ₹2,251 Crore 52% (24%)
Standalone Net Debt: ₹706 Crore ₹2,846 Crore ₹1,667 Crore 136% (41%)
Consolidated Gross Debt: ₹1,594 Crore ₹4,165 Crore ₹3,457 Crore 117% (17%)
Consolidated Net Debt: ₹605 Crore ₹3,966 Crore ₹2,815 Crore 365% (29%)

Dividend, Order Book and Subsidiary Performance

The Board has fixed Friday, August 14, 2026, as the Record Date to determine shareholder eligibility for the proposed dividend of ₹2.20 per share. During the financial year, NCC Limited secured new orders worth ₹31,884 Crore, including changes in scope. The company's order book as of March 31, 2026, stood at ₹83,004 Crore on a consolidated basis and ₹72,259 Crore on a standalone basis. NCC Urban Infrastructure Limited, the company's real estate subsidiary in which NCC holds an 80% stake, reported revenue of ₹276 Crore for FY26 against ₹267 Crore in FY25, while PAT declined to ₹29 Crore from ₹45 Crore in the prior year.

Metric: Q4 FY25 Q4 FY26 FY25 FY26
NCC Urban Revenue (₹ Crore): 38 55 267 276
NCC Urban PAT (₹ Crore): 5 1 45 29
NCC Urban Net Worth (₹ Crore): 460 449 460 449
NCC Urban Total Debt (₹ Crore): 73 124 73 124

Leadership, Governance and Recognition

The Board approved several key leadership appointments effective May 2026. Sri A V N Raju was reappointed as Whole-time Director for a term of five years from May 30, 2026. Smt. Kauslya Bhupathi Raju was appointed as Director (Commercial) effective September 1, 2026, and Sri A Karthik was appointed as Company Secretary & Compliance Officer effective May 15, 2026. Sri Rajender Mohan Malla was elected as the new Chairman of the Board effective May 24, 2026, succeeding Dr A S Durga Prasad, whose term concludes on May 23, 2026. On the recognition front, NCC received several awards during FY26, including the Construction World Global Award for Fastest Growing Construction Company (Ultra Large Category), the Best Infrastructure Developer Award from Engineers Club Kerala, and the Vishwakarma Award for the Jabalpur Flyover Project from the Government of Madhya Pradesh. Multiple project-level accolades were also received for health, safety, and environment (HSE) excellence across metro, airport, and infrastructure projects.

Historical Stock Returns for NCC

1 Day5 Days1 Month6 Months1 Year5 Years
-1.82%+2.12%-9.48%-12.92%-36.86%+84.40%

With consolidated net debt surging 365% year-on-year to ₹2,815 Crore, how might NCC's elevated working capital requirements impact its ability to bid for and execute new large-scale infrastructure projects in FY2026-27?

Given NCC's strong order book of ₹83,004 Crore against FY26 revenue of ~₹20,944 Crore, what execution risks or project mix shifts could prevent the company from converting this backlog into revenue growth in the near term?

As the Smart Meters segment (AMI SPVs) contributed ₹1,267 Crore in FY26, how could the pace of India's national smart metering rollout and potential new state-level contracts shape this segment's contribution to NCC's overall revenue in the next two to three years?

More News on NCC

1 Year Returns:-36.86%