NCCNSE:NCC -1.15%80 Gross Margin % is 14.13% as of Mar. 2026, which is 9% below its 10-year median of 15.60. GuruFocus rates NSE:NCC with a GF Score™ of 80/100 and a GF Value™ of ₹212.84 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,718 Construction companies, NCC ranks worse than 65.6% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. NCC's Gross Profit for the
three
months ended in Mar. 2026 was ₹8,805 Mil. NCC's Revenue for the
three
months ended in Mar. 2026 was ₹62,327 Mil. Therefore, NCC's Gross Margin % for the quarter that ended in Mar. 2026 was 14.13%.
Warning Sign:
NCC Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.8%.
The historical rank and industry rank for NCC's Gross Margin % or its related term are showing as below:
NSE:NCC'
s Gross Margin % Range Over the Past 10 Years
Min: 12.68 Med: 15.6 Max: 20.5
Current: 14.72
During the past 13 years, the highestGross Margin % of NCC was 20.50%. The lowest was 12.68%. And the median was 15.60%.
NSE:NCC's Gross Margin % is ranked worse than 65.6% of 1718
companies
in the Construction industry
Industry Median: 20.72
vs NSE:NCC: 14.72
NCC had a gross margin of 14.13% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for NCC was -3.80% per year.
NCC (NSE:NCC) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
NCC had a gross margin of 14.13% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
NCC Gross Margin % Related Terms
NCC Gross Margin % Historical Data
* Premium members only.
The historical data trend for NCC's Gross Margin % 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.
NSE:NCC vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, NCC's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, NCC's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NCC's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
NCC (NSE:NCC) has a Gross Margin % of 14.13% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NCC and its competitors. This is near median its historical median of 15.60. Over the past decade, NCC's Gross Margin % has ranged from 12.68 to 20.50. According to the industry distribution chart, NCC ranks #1127 out of 1718 companies in the Construction industry, placing it in the top 65.6%.
Is NCC's Gross Margin % too high?
NCC's current Gross Margin % of 14.13% is near median its 10-year median of 15.60. Over the past 10 years, this metric has ranged from a low of 12.68 to a high of 20.50. The Construction industry median Gross Margin % is 20.72. NCC's value of 14.13% is 31.8% below this industry median. Based on the distribution chart, NCC ranks #1127 out of 1718 companies in the Construction industry, which is below the industry midpoint. Overall, NCC has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NCC's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, NCC ranks #1127 out of 1718 companies for Gross Margin %. This places NCC in the lower half of its industry. The industry median Gross Margin % is 20.72. NCC's value of 14.13% is 31.8% below this benchmark. Historically, NCC's own Gross Margin % has ranged from 12.68 to 20.50 over the past decade. While the company's 10-year median is 15.60 vs. the industry median of 20.72, NCC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.72, based on 1,718 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NCC's current Gross Margin % of 14.13% is 31.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on NCC and its competitors. For the Construction industry, the median Gross Margin % is 20.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCC's current Gross Margin % is 14.13%, which is near median its own 10-year median of 15.60. 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 Possible Value Trap. The stock's GF Value™ is ₹212.84, compared to a current price of ₹148.21 — trading 30.4% below its estimated fair value. The current Gross Margin % is 14.13%, which is near median its 10-year median of 15.60 and 31.8% below the Construction industry median of 20.72. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For NCC (NSE:NCC), the current Gross Margin % is 14.13% 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 ₹148.21 is trading 30.4% below its estimated GF Value™ of ₹212.84.
GuruFocus considers NCC to be Possible Value Trap.
Key valuation signals for NSE:NCC:
Gross Margin %: 14.13% (near median its 10-year median of 15.60)
GF Value™: ₹212.84 vs. price of ₹148.21 (30.4% below fair value)
Industry Position: 31.8% below the Construction median (#1127 of 1718)
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 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.
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