NBCC (India) Limited is a leading public sector enterprise under the Ministry of Housing and Urban Affairs, Government of India, engaged in project management consultancy (PMC), engineering-procurement-construction (EPC), and real estate development. Incorporated in 1960 and headquartered in New Delhi, NBCC has emerged as a key player in India’s urban transformation—executing landmark projects like the redevelopment of government colonies, affordable housing under PMAY, and smart city infrastructure. As of January 2026, NBCC is delivering strong growth—38.26% profit growth and 21.32% ROE—with a zero-debt balance sheet, high order book visibility, and strategic alignment with national infrastructure priorities. This article provides a data-driven outlook on the NBCC share price target 2026–2030.
NBCC (India) Limited: Company Overview
- Founded: 1960
- Chairman & Managing Director: Shri K. Mahadevaswamy
- NSE Symbol: NBCC
- Core Segments:
- Project Management Consultancy (PMC – 50%)
- EPC Contracts (30%)
- Real Estate Development (20%)
- Market Position: Navratna CPSE; executing ₹50,000+ Cr order book across 150+ projects
NBCC benefits from sovereign backing, low capital intensity, and a unique “land-for-development” model that minimizes upfront investment while maximizing revenue from premium real estate.
NBCC: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹98.65 |
| Market Capitalization | ₹26,635.50 Cr |
| No. of Shares Outstanding | 270 Cr |
| P/E Ratio (TTM) | 48.22 |
| P/B Ratio | 10.57 |
| EPS (TTM) | ₹2.05 |
| Book Value (TTM) | ₹9.34 |
| ROE | 21.32% |
| ROCE | 31.76% |
| Dividend Yield | 0.68% |
| Face Value | ₹1 |
| Cash | ₹3,213.05 Cr |
| Debt | ₹0 Cr |
| Promoter Holding | 61.75% |
| Sales Growth (YoY) | 8.70% |
| Profit Growth (YoY) | 38.26% |
NBCC Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹108 – ₹122 |
| 2027 | ₹118 – ₹138 |
| 2028 | ₹128 – ₹158 |
| 2029 | ₹138 – ₹180 |
| 2030 | ₹148 – ₹205 |
NBCC Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹108 | ₹122 |
NBCC reported 38.26% YoY profit growth and 8.70% sales growth in FY2025, driven by accelerated execution of redevelopment projects and higher-margin real estate monetization. With zero debt, ROCE of 31.76%, and ₹3,213 Cr cash, the company exemplifies capital efficiency. Trading at a P/E of 48.2x and P/B of 10.6x, the stock reflects premium valuation—but justified by quality and policy tailwinds. A 2026 target range assumes continued order inflows and no major execution delays.
NBCC Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹118 | ₹138 |
If NBCC sustains 20–25% earnings growth and benefits from new PMC mandates under Smart Cities Mission, EPS could reach ₹2.30–₹2.50 by FY27. Assuming a P/E of 49–51x, the 2027 target range is justified.
NBCC Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹128 | ₹158 |
By 2028, benefits from large-scale redevelopment (e.g., Nauroji Nagar, Sarojini Nagar) and asset monetization should reflect in margins. A P/E of 50–52x on projected EPS of ₹2.50–₹2.80 supports the ₹128–₹158 band.
NBCC Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹138 | ₹180 |
Long-term tailwinds include India’s urban housing shortage, government land monetization, and green building mandates. If competition doesn’t erode pricing, EPS could reach ₹2.80–₹3.10 by FY29. At a P/E of 51–54x, the 2029 target is ₹138–₹180.
NBCC Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹148 | ₹205 |
Over a five-year horizon, NBCC remains a high-quality PSU compounder in urban infrastructure. A terminal P/E of 52–55x on FY30 EPS (~₹3.00–₹3.40) justifies the ₹148–₹205 range.
NBCC: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Govt. of India) | 61.75% |
| Public & Retail | 20.81% |
| Domestic Institutional Investors (DII) | 12.23% |
| Foreign Institutional Investors (FII) | 5.20% |
High promoter holding ensures policy alignment. Strong DII interest reflects confidence in execution capability.
NBCC: Strengths vs Risks
Strengths:
- Zero debt and ₹3,213 Cr cash provide unmatched flexibility
- Industry-leading ROCE (31.76%) and ROE (21.32%)
- Monopoly-like position in government colony redevelopment
- Order book of ₹50,000+ Cr offers 3–4 years of revenue visibility
Risks:
- High P/B (10.6x) leaves little room for execution misses
- Dependence on government approvals and land clearances
- Contingent liabilities of ₹1,200 Cr require monitoring
- Low dividend yield limits income appeal
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than market average |
| Dividend/Income Potential | Low (0.68% yield) |
| Best For | Growth investors seeking exposure to India’s urban infrastructure boom |
Final Verdict
NBCC (India) Limited is a high-return, zero-leverage PSU with irreplaceable strategic relevance in India’s urban transformation. While not cheap, its premium valuation is backed by consistent execution and policy tailwinds.
Our NBCC share price target 2026–2030 (₹108 to ₹205) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is substantial if redevelopment momentum accelerates; downside is cushioned by cash reserves and sovereign backing.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Groww.in – NBCC Stock Profile
- Finology Ticker – NBCC Financials & Analysis
- Ministry of Housing & Urban Affairs – Redevelopment Policy 2025
- NBCC Investor Presentation (Q3 FY26, Jan 2026)
- CARE Ratings – NBCC Credit Update (Dec 2025)
