NCC Limited Submits Business Responsibility and Sustainability Report for FY 2025-26

6 min read     Updated on 27 Jul 2026, 07:10 PM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

NCC Limited filed its BRSR for FY 2025-26 on July 27, 2026, covering standalone operations across 186 sites with reasonable assurance by SGS India Private Limited. The company reported a turnover of ₹ 17,669 Crores and net worth of ₹ 7,574 Crores, with a total workforce of 12,371 employees and 19,117 workers. Environmental disclosures show total energy consumption of 13,91,292 GJ, total water consumption of 22,58,696 kiloliters, Scope 1 GHG emissions of 88,331 MTCO2e, and Scope 2 emissions of 21,573 MTCO2e for FY 2025-26, all reflecting reductions from the prior year. The report also details governance structures, CSR beneficiary data, value chain partner assessments, and nil regulatory penalties across all NGRBC principles.

powered bylight_fuzz_icon
46705218

*this image is generated using AI for illustrative purposes only.

NCC Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the stock exchanges on July 27, 2026, in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report forms part of the company's Integrated Annual Report 2025-26 and has been independently assured at a reasonable level by SGS India Private Limited in accordance with ISAE 3000 (Revised) and ISAE 3410 standards. Disclosures are made on a standalone basis, covering the corporate office and all operational sites across India.

Corporate Overview and Business Activities

NCC Limited, incorporated in 1990 and headquartered at NCC House, Madhapur, Hyderabad, carries a paid-up capital of ₹ 125.57 Crores. The company's turnover for CSR applicability stood at ₹ 17,669 Crores, with a net worth of ₹ 7,574 Crores. Construction and civil engineering constitutes 100% of the company's business activity, encompassing industrial and commercial buildings, housing projects, roads, bridges, water supply, mining, power transmission, irrigation, and hydrothermal power projects.

The following table summarises the key products and services contributing to the company's turnover:

Product/Service: NIC Code % of Total Turnover
Construction of buildings 41001, 41002, 41003 42%
Construction and maintenance of Roads 42101 19%
Construction and maintenance of Electrical works 42202 22%
Construction and maintenance of water main and line connection 42204 9%

The company operates across 186 national locations (171 operational sites and 15 offices) and 1 international office, serving clients across 27 states in India and 1 international country. Exports contribute nil to total turnover.

Workforce and Employee Well-being

As at the end of FY 2025-26, NCC Limited's total workforce comprised 12,371 employees and 19,117 workers. The workforce profile is detailed below:

Category: Total Male Male % Female Female %
Permanent Employees 7,692 7,520 97.76% 172 2.24%
Other than Permanent Employees 4,679 4,633 99.02% 46 0.98%
Total Employees 12,371 12,153 98.24% 218 1.76%
Other than Permanent Workers 19,117 18,712 97.88% 405 2.12%
Total Workers 19,117 18,712 97.88% 405 2.12%

Of the 11 Board of Directors, 1 (9%) is female. The company reported a total employee turnover rate of 23.03% for FY 2025-26, compared to 16.97% in FY 2024-25. Well-being expenditure as a percentage of total revenue stood at 0.24% in FY 2025-26, up from 0.17% in FY 2024-25. All permanent and other-than-permanent employees are covered under health insurance and accident insurance. Gross wages paid to females as a percentage of total wages were 1.80% in FY 2025-26.

Health, Safety, and Human Rights

NCC Limited has implemented an occupational health and safety management system in accordance with ISO 45001:2018, covering all construction project sites and offices. Key safety metrics for FY 2025-26 are presented below:

Safety Metric: Category FY 2025-26 FY 2024-25
LTIFR (per one million-person hours worked) Employees 0.06 0.06
LTIFR (per one million-person hours worked) Workers 0.12 0.23
Total recordable work-related injuries Employees 2 2
Total recordable work-related injuries Workers 6 10
No. of fatalities Employees 1 1
No. of fatalities Workers 1 1
High consequence work-related injury/ill-health (excl. fatalities) Employees 0 0
High consequence work-related injury/ill-health (excl. fatalities) Workers 0 0

All 12,371 employees and 19,117 workers received human rights training, achieving 100% coverage in FY 2025-26. No complaints related to sexual harassment, discrimination, child labour, forced labour, wages, or other human rights issues were filed or pending during the year.

Environmental Performance

NCC Limited's environmental disclosures for FY 2025-26 cover energy, water, GHG emissions, and waste across 186 reported sites. Key environmental metrics are summarised below:

Environmental Parameter: FY 2025-26 FY 2024-25
Total energy from renewable sources (GJ) 1,527 514
Total energy from non-renewable sources (GJ) 13,89,765 18,67,031
Total energy consumed (GJ) 13,91,292 18,67,545
Energy intensity (GJ/crore of turnover) 78.7 96.3
Total water withdrawal/consumption (kiloliters) 22,58,696 26,57,535
Water intensity (kiloliters/crore of turnover) 127.8 137.0
Total Scope 1 emissions (MTCO2e) 88,331 1,19,629
Total Scope 2 emissions (MTCO2e) 21,573 26,248
Scope 1 + 2 intensity (MTCO2e/crore of turnover) 6.22 7.52
Total Scope 3 emissions (MTCO2e) 14,00,080 15,87,895
Total waste generated (metric tons) 27,252.11 3,212.70
Waste intensity (metric tons/crore of turnover) 1.54 0.17

Water withdrawal was sourced primarily from third-party municipal supplies (13,91,791 kiloliters), groundwater (8,57,328 kiloliters), and surface water (9,577 kiloliters) in FY 2025-26. Total water discharged in FY 2025-26 was 7,040 kiloliters. Construction and demolition waste constituted the largest share of total waste at 27,115.97 metric tons. The company reported 1.23% of recycled or reused input material (fly ash, GGBS, and PPC/PSC in place of cement) to total material by value in FY 2025-26, with tracking initiated in this year. NCC Limited does not have any sites designated as consumers under the PAT Scheme, and no operations are located in or around ecologically sensitive areas.

Governance, Policies, and Stakeholder Engagement

NCC Limited's ESG Committee, chaired by Sri Ramesh Kailasam (Independent Director), oversees the implementation and monitoring of business responsibility policies. The company holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO/IEC 27001:2022. All nine NGRBC principles are covered by Board-approved policies, which have been translated into procedures and extended to value chain partners. No monetary or non-monetary penalties, fines, or disciplinary actions for bribery or corruption were reported in FY 2025-26.

The company identified 157 value chain partners comprising 29% of FY 2025-26 spend for ESG assessments. Three awareness programmes on sustainability, ESG, labour laws, statutory compliance, and environment health and safety were conducted for value chain partners, covering 37% by value of business. Accounts payable days stood at 113 days in FY 2025-26, compared to 97 days in FY 2024-25. Related party transactions as a share of total purchases were 0.66%, sales 6.34%, loans and advances 49.21%, and investments 99.43% for FY 2025-26.

CSR Activities and Community Impact

NCC Limited's CSR programme spans education, healthcare, rural development, and community building. Key beneficiary data from CSR projects in FY 2025-26 includes:

  • Dhaatri Mother's Milk Bank, Niloufer Hospital, Hyderabad: 4,216 beneficiaries (100% from vulnerable/marginalized groups)
  • CLMC and Milk Bank, BRDMC Hospital, Gorakhpur, UP: 2,598 beneficiaries (100%)
  • Aaryajanani Program for pregnant women: 2,469 beneficiaries (100%)
  • IIT Hyderabad (scholarship, research, infrastructure): 3,800 beneficiaries
  • AAS Vidyalaya Education Café: 370 beneficiaries (100%)
  • Renovation of VR High School Buildings, SPSR Nellore Dist: 977 beneficiaries (100%)
  • Support for education for children who have lost a parent: 39 beneficiaries (100%)

Input material sourced directly from MSMEs/small producers increased to 18% in FY 2025-26 from 10% in FY 2024-25. Wages paid to persons employed in rural locations accounted for 30.29% of total wage cost in FY 2025-26.

Historical Stock Returns for NCC

1 Day5 Days1 Month6 Months1 Year5 Years
+3.68%+1.82%-9.79%+0.72%-36.76%+60.61%

How might NCC Limited's significant increase in employee turnover from 16.97% to 23.03% impact project execution timelines and future labor cost structures?

What specific strategies will NCC Limited implement to address the sharp rise in total waste generation, which increased nearly eightfold from 3,212 to 27,252 metric tons in FY 2025-26?

Given that renewable energy still constitutes less than 0.1% of total energy consumption, what is the company's roadmap for achieving meaningful decarbonization in its Scope 1 and Scope 2 emissions?

NCC reappoints A V N Raju, approves related party pay hike at AGM

3 min read     Updated on 27 Jul 2026, 07:04 PM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

NCC Limited shareholders will vote on key governance resolutions including the reappointment of A V N Raju and a pay hike for a related party director, alongside reviewing FY26 financials that showed improved EBITDA margins and a growing order book despite lower revenues.

powered bylight_fuzz_icon
46704737

*this image is generated using AI for illustrative purposes only.

NCC Limited shareholders will vote on the reappointment of promoter A V N Raju as Whole-time Director for five years and approve a significant remuneration revision for Smt. Kausalya Bhupathi Raju, Director (Commercial), at the 36th Annual General Meeting scheduled for August 27, 2026. The governance updates accompany the company’s FY 2025-26 integrated annual report, which recorded a consolidated order book growth of 16% to ₹83,004 crore despite a 6% decline in revenue.

The Board of Directors, meeting on May 15, 2026, recommended these resolutions under the Companies Act, 2013 and SEBI Listing Regulations. A V N Raju, who heads the Electrical & Irrigation Division, will continue his role with effect from May 30, 2026, overseeing strategic projects including BharatNet and smart meter installations. His remuneration structure allows for a basic salary between ₹4.00 lakhs and ₹10.00 lakhs per month, plus perquisites up to 75% of salary and commission up to 0.5% of net profits.

Key Governance Resolutions

Shareholders are also asked to ratify the appointment and pay hike of Smt. Kausalya Bhupathi Raju, who is related to the promoter directors as their sister. Her basic salary will increase from ₹1.06 lakhs to ₹4.00 lakhs per month, effective September 1, 2026, with potential revisions up to ₹10.00 lakhs per month based on performance. The Board deemed this an arm’s length transaction but sought shareholder approval for transparency.

Resolution Item: Description Type Effective Date
Item 4: Reappointment of Sri A G K Raju (DIN: 00019100) Ordinary N/A
Item 5: Reappointment of Sri Utpal H Sheth (DIN: 00081012) Ordinary N/A
Item 7: Reappointment of Sri A V N Raju as WTD Special May 30, 2026
Item 8: Remuneration approval for Smt. Kausalya Bhupathi Raju Ordinary Sept 1, 2026

Sri A G K Raju and Sri Utpal H Sheth retire by rotation and offer themselves for reappointment. Sri Utpal H Sheth, a non-executive non-independent director, brings expertise in financial investments and capital markets.

FY26 Financial Context

The governance changes occur against a backdrop of moderated financial performance in FY 2025-26. Consolidated revenue fell 6% to ₹20,823.00 crore from ₹22,199.36 crore in the prior year, driven by delayed realizations and project execution phasing. However, the company improved its consolidated EBITDA margin by 18 basis points to 8.82%, reflecting cost discipline.

Metric: FY 2025-26 FY 2024-25 Change
Revenue from Operations: ₹20,823.00 crore ₹22,199.36 crore -6%
EBITDA Margin: 8.82% 8.64% +18 bps
Net Profit: ₹675.32 crore ₹819.88 crore Declined
Order Book: ₹83,004 crore ₹71,568 crore +16%

The order book composition remains diversified, with Buildings contributing 27%, Transportation 20%, Mining 17%, and Electrical 17%. The construction segment accounted for ₹17,463 crore (78%) of total revenue, while Coal Mining contributed ₹2,710 crore (13%).

Dividend and Shareholder Details

The Board recommended a dividend of ₹2.20 per equity share (110% on face value), totaling ₹138.13 crore, consistent with the previous year. The record date for dividend payment is August 14, 2026. Shareholders must ensure their bank details are KYC-compliant for electronic dividend credits, as physical warrants have been discontinued since November 19, 2025.

Remote e-voting for the AGM commences on August 24, 2026, at 9.00 AM and closes on August 26, 2026, at 5.00 PM. The cut-off date for voting eligibility is August 20, 2026. The meeting will be conducted via Video Conferencing or Other Audio Visual Means, with no physical attendance permitted.

Historical Stock Returns for NCC

1 Day5 Days1 Month6 Months1 Year5 Years
+3.68%+1.82%-9.79%+0.72%-36.76%+60.61%

How might the 6% revenue decline despite a 16% order book growth impact NCC Limited's cash flow stability and working capital requirements in FY27?

What are the potential governance risks associated with the significant remuneration hike for Smt. Kausalya Bhupathi Raju, given her familial relationship to the promoters?

Will the continued focus on BharatNet and smart meter projects under A V N Raju's leadership help offset delays in traditional construction segments?

More News on NCC

1 Year Returns:-36.76%