NBCC IndiaNSE:NBCC -3.82%91 Return-on-Tangible-Equity is 32.01% as of Mar. 2026, which is 63% above its 10-year median of 19.69. GuruFocus rates NSE:NBCC with a GF Score™ of 91/100 and a GF Value™ of ₹115.34 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,706 Construction companies, NBCC India ranks better than 82.3% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. NBCC India's annualized net income for the quarter that ended in Mar. 2026 was ₹9,656 Mil. NBCC India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹30,166 Mil. Therefore, NBCC India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 32.01%.
The historical rank and industry rank for NBCC India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:NBCC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.29 Med: 19.69 Max: 26.45
Current: 26.45
During the past 13 years, NBCC India's highest Return-on-Tangible-Equity was 26.45%. The lowest was 5.29%. And the median was 19.69%.
NSE:NBCC's Return-on-Tangible-Equity is ranked better than 82.3% of 1706
companies
in the Construction industry
Industry Median: 8.235
vs NSE:NBCC: 26.45
NBCC India (NSE:NBCC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
NBCC India Return-on-Tangible-Equity Related Terms
NBCC India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NBCC India's Return-on-Tangible-Equity 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:NBCC vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, NBCC India's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
NBCC India Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, NBCC India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NBCC India's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 32.01% mean?
NBCC India (NSE:NBCC) has a Return-on-Tangible-Equity of 32.01% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NBCC India and its competitors. This is 63% above median its historical median of 19.69. Over the past decade, NBCC India's Return-on-Tangible-Equity has ranged from 5.29 to 26.45. According to the industry distribution chart, NBCC India ranks #302 out of 1706 companies in the Construction industry, placing it in the top 17.7%.
Is NBCC India's Return-on-Tangible-Equity too high?
NBCC India's current Return-on-Tangible-Equity of 32.01% is 63% above median its 10-year median of 19.69. Over the past 10 years, this metric has ranged from a low of 5.29 to a high of 26.45. The Construction industry median Return-on-Tangible-Equity is 8.24. NBCC India's value of 32.01% is 288.7% above this industry median. Based on the distribution chart, NBCC India ranks #302 out of 1706 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, NBCC India has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NBCC India's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, NBCC India ranks #302 out of 1706 companies for Return-on-Tangible-Equity. This places NBCC India in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.24. NBCC India's value of 32.01% is 288.7% above this benchmark. Historically, NBCC India's own Return-on-Tangible-Equity has ranged from 5.29 to 26.45 over the past decade. While the company's 10-year median is 19.69 vs. the industry median of 8.24, NBCC India has consistently been above 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 Return-on-Tangible-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.24, based on 1,706 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NBCC India's current Return-on-Tangible-Equity of 32.01% is 288.7% above 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NBCC India and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NBCC India's current Return-on-Tangible-Equity is 32.01%, which is 63% above median its own 10-year median of 19.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBCC India stock overvalued right now?
Based on GuruFocus' analysis, NBCC India (NSE:NBCC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹115.34, compared to a current price of ₹94.78 — trading 17.8% below its estimated fair value. The current Return-on-Tangible-Equity is 32.01%, which is 63% above median its 10-year median of 19.69 and 288.7% above the Construction industry median of 8.24. NBCC India's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For NBCC India (NSE:NBCC), the current Return-on-Tangible-Equity is 32.01% 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 NBCC India (NSE:NBCC) Overvalued in 2026?
Based on GuruFocus' analysis, NBCC India stock appears to be undervalued.
The current stock price of ₹94.78 is trading 17.8% below its estimated GF Value™ of ₹115.34.
GuruFocus considers NBCC India to be Modestly Undervalued.
Key valuation signals for NSE:NBCC:
Return-on-Tangible-Equity: 32.01% (63% above median its 10-year median of 19.69)
GF Value™: ₹115.34 vs. price of ₹94.78 (17.8% below fair value)
Industry Position: 288.7% above the Construction median (#302 of 1706)
No single metric tells the full story. See the NSE:NBCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NBCC India Ltd is engaged in the urban and regional development sector. The operating segment includes Project Management Consultancy which offers management and consultancy services for civil construction projects, Real Estate Development which focuses on residential and commercial projects and Engineering Procurement, and Construction segment which covers chimneys, cooling towers, roads, water and sewage treatment plants. Business activity of the company functions through India and it derives the majority of its revenue from Project Management Consultancy segment.
91GF Score
Get the complete analysis for NSE:NBCC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:NBCC has been successfully added to your 
