NBCC IndiaNSE:NBCC -1.57%87 ROE % is 32.00% as of Mar. 2026, which is 63% above its 10-year median of 19.69. GuruFocus rates NSE:NBCC with a GF Score™ of 87/100 and a GF Value™ of ₹114.52 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,743 Construction companies, NBCC India ranks better than 90.59% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NBCC India's annualized net income for the quarter that ended in Mar. 2026 was ₹9,656 Mil. NBCC India's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹30,173 Mil. Therefore, NBCC India's annualized ROE % for the quarter that ended in Mar. 2026 was 32.00%.
The historical rank and industry rank for NBCC India's ROE % or its related term are showing as below:
NSE:NBCC'
s ROE % Range Over the Past 10 Years
Min: 5.28 Med: 19.69 Max: 26.45
Current: 26.45
During the past 13 years, NBCC India's highest ROE % was 26.45%. The lowest was 5.28%. And the median was 19.69%.
NSE:NBCC's ROE % is ranked better than 90.59% of 1743
companies
in the Construction industry
Industry Median: 6.69
vs NSE:NBCC: 26.45
NBCC India (NSE:NBCC) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
NBCC India ROE % Related Terms
NBCC India ROE % Historical Data
* Premium members only.
The historical data trend for NBCC India's ROE % 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.
For the Engineering & Construction subindustry, NBCC India's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Construction Industry
For the Construction industry and Industrials sector, NBCC India's ROE % distribution charts can be found below:
* The bar in red indicates where NBCC India's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
NBCC India (NSE:NBCC) has a ROE % of 32.00% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total 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 ROE % has ranged from 5.28 to 26.45. According to the industry distribution chart, NBCC India ranks #164 out of 1743 companies in the Construction industry, placing it in the top 9.4%.
Is NBCC India's ROE % too high?
NBCC India's current ROE % of 32.00% is 63% above median its 10-year median of 19.69. Over the past 10 years, this metric has ranged from a low of 5.28 to a high of 26.45. The Construction industry median ROE % is 6.69. NBCC India's value of 32.00% is 378.3% above this industry median. Based on the distribution chart, NBCC India ranks #164 out of 1743 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 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NBCC India's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, NBCC India ranks #164 out of 1743 companies for ROE %. This places NBCC India in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 6.69. NBCC India's value of 32.00% is 378.3% above this benchmark. Historically, NBCC India's own ROE % has ranged from 5.28 to 26.45 over the past decade. While the company's 10-year median is 19.69 vs. the industry median of 6.69, 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 ROE % for a Construction company?
The median ROE % among Construction companies is 6.69, based on 1,743 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NBCC India's current ROE % of 32.00% is 378.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on NBCC India and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NBCC India's current ROE % is 32.00%, 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 Fairly Valued. The stock's GF Value™ is ₹114.52, compared to a current price of ₹107.17 — trading 6.4% below its estimated fair value. The current ROE % is 32.00%, which is 63% above median its 10-year median of 19.69 and 378.3% above the Construction industry median of 6.69. NBCC India's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For NBCC India (NSE:NBCC), the current ROE % is 32.00% 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 ₹107.17 is trading 6.4% below its estimated GF Value™ of ₹114.52.
GuruFocus considers NBCC India to be Fairly Valued.
Key valuation signals for NSE:NBCC:
ROE %: 32.00% (63% above median its 10-year median of 19.69)
GF Value™: ₹114.52 vs. price of ₹107.17 (6.4% below fair value)
Industry Position: 378.3% above the Construction median (#164 of 1743)
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.
87GF Score
Get the complete analysis for NSE:NBCC
ROE % 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 
