NCC (NSE:NCC) EBIT: ₹16,975 Mil (TTM As of Mar. 2026)


NSE:NCC NCC Ltd NSE:NCC
80 GF Score
Price ₹153.59
GF Value ₹212.27
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is NCC EBIT?

NCC NSE:NCC -2.53% 80 EBIT is ₹16,975 Mil as of Mar. 2026. GuruFocus rates NSE:NCC with a GF Score™ of 80/100 and a GF Value™ of ₹212.27 (Modestly Undervalued). The stock has 5 warning signs investors should review.

NCC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹5,071 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹16,975 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NCC's annualized ROC % for the quarter that ended in Mar. 2026 was 9.44%. NCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NCC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.38%.


NCC  (NSE:NCC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NCC's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=19432.4 * ( 1 - 26.17% )/( (0 + 152000.2)/ 1 )
=14346.94092/152000.2
=9.44 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=260060.7 - 79065.8 - ( 28994.7 - max(0, 163328.8 - 222434.3+28994.7))
=152000.2

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

NCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20282.4/( ( (0 + max(0, 0)) + (21090.2 + max(46383.9, 0)) )/ 1 )
=20282.4/( ( 0 + 67474.1 )/ 1 )
=20282.4/67474.1
=30.06 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37835.4 + 24451 + 127781.5) - (79065.8 + 0 + 64618.2)
=46383.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NCC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=16974.5/103607.957
=16.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NCC EBIT Related Terms


NCC EBIT Historical Data

* Premium members only.

The historical data trend for NCC's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NCC EBIT Chart

NCC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,709.20 12,238.50 14,479.00 18,673.90 16,974.50

NCC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,597.20 4,319.80 3,804.40 3,779.70 5,070.60

NSE:NCC vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, NCC's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NCC EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, NCC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NCC's EV-to-EBIT falls into.


NSE:NCC
80GF Score
NCC Ltd NSE:NCC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCC EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹16,975 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹16,975 Mil mean?
NCC (NSE:NCC) has a EBIT of ₹16,975 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NCC.
Is NCC's EBIT too high?
NCC's current EBIT is ₹16,975 Mil. Overall, NCC has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NCC's EBIT compare to PWR and FIX?
NCC's EBIT of ₹16,975 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NCC. NCC's current EBIT is ₹16,975 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCC stock overvalued right now?
Based on GuruFocus' analysis, NCC (NSE:NCC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹212.27, compared to a current price of ₹153.59 — trading 27.6% below its estimated fair value. The current EBIT is ₹16,975 Mil. NCC's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For NCC (NSE:NCC), the current EBIT is ₹16,975 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NCC (NSE:NCC) Overvalued in 2026?

Based on GuruFocus' analysis, NCC stock appears to be undervalued. The current stock price of ₹153.59 is trading 27.6% below its estimated GF Value™ of ₹212.27. GuruFocus considers NCC to be Modestly Undervalued.

Key valuation signals for NSE:NCC:

  • EBIT: ₹16,975 Mil
  • GF Value™: ₹212.27 vs. price of ₹153.59 (27.6% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the NSE:NCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NCC Business Description

Other Exchanges 500294:India
Address NCC House, Madhapur, Hyderabad, TG, IND, 500 081
NCC Ltd is an India-based company engaged in the construction sector through its two subsidiaries, NCC Urban and NCC Infra. NCC Urban focuses on the development of residential and commercial complexes, serviced apartments, integrated townships, and so on. NCC Infra undertakes the development of infrastructure projects through government concessions. Infrastructure projects developed by the company include roads, bridges, flyovers, water supply and environment projects, power transmission lines, irrigation, and hydrothermal power projects. NCC generates substantially all its sales from the Indian domestic market.
80GF Score

Get the complete analysis for NSE:NCC

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹153.59
Price
₹212.27
GF Value