The company is an infrastructure company engaged in turnkey EPC contracts and BOT projects across various infrastructure segments. Its operations cover buildings, transportation, water and environment, electrical transmission and distribution, mining, irrigation and railways. According to Screener, construction accounted for around 99% of its business in Q1 FY27.
The shares of NCC are currently trading at Rs.128.90, down by 1.07%. The company has a market capitalization of Rs. 8,092.94 crore. The stock’s 52 week high is Rs. 217.25 and its 52 week low is Rs. 128.41. In the past 6 months the stock has delivered a return of 2.04%.
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What’s The News
NCC has received a Letter of Acceptance dated September 26, 2026, from the Rural Water Supply and Sanitation Department, Visakhapatnam, Government of Andhra Pradesh.
The order is for providing drinking water supply under the Multi Village Scheme on Yeleru Reservoir for the Anakapalli segment in Anakapalli district, Andhra Pradesh. The contract is valued at Rs. 1,076.71 crore, excluding GST.
The project carries an execution period of 24 months. The order has been awarded by a domestic entity, with the applicable terms and conditions governed by the General Conditions of the Contract. NCC Limited has received a Letter of Acceptance (LoA) from the Rural Water Supply and
Key Project Details
Sanitation Department, Visakhapatnam, Government of Andhra Pradesh, for a drinking water supply project under the Multi Village Scheme in Anakapalli district.
The project involves supplying drinking water from the Yeleru Reservoir to villages covered under the scheme. The order has a value of Rs. 1,076.71 crore, excluding GST, and is scheduled to be executed over a period of 24 months.
The LoA for the project was received on September 26, 2026, strengthening NCC Limited’s order book in the water infrastructure segment and adding to its ongoing project execution pipeline in Andhra Pradesh.
Focus on Drinking Water Infrastructure
The latest order strengthens NCC’s presence in the water and environment segment. The company undertakes projects covering water supply systems, treatment facilities, distribution networks, underground drainage, sewage treatment plants and lift irrigation schemes.
The project will focus on providing drinking water supply to villages in the Anakapalli segment through infrastructure linked to the Yeleru Reservoir. The order therefore adds to NCC’s ongoing exposure to large-scale public infrastructure and water supply projects.
Order Book Provides Execution Visibility
NCC’s latest order comes at a time when the company has maintained a sizable project pipeline. According to Screener, NCC’s consolidated order book stood at Rs. 81,214 crore as highlighted in its Q1 FY27 earnings call information. The Rs. 1,076.71 crore project adds further order inflow to the company’s construction portfolio and provides execution visibility over the next 24 months.
Stock Market Reaction
NCC shares closed at around Rs. 130.30 on September 28, 2026, declining 1.92% on the BSE on the day the order announcement was reported. According to Screener, the stock was trading at a market capitalization of approximately Rs. 8,181 crore, with a price-to-earnings ratio of 11.3 times as of September 28, 2026.
Order Book Provides Execution Visibility
NCC’s latest order comes at a time when the company has maintained a sizeable project pipeline. According to Screener, NCC’s consolidated order book stood at Rs. 81,214 crore as highlighted in its Q1 FY27 earnings call information. The Rs. 1,076.71 crore project adds further order inflow to the company’s construction portfolio and provides execution visibility over the next 24 months.
Financial Performance
Looking at the quarterly results of NCC Limited, the company’s consolidated sales stood at Rs. 5,812 crore in Q1 FY27, compared with Rs. 5,179 crore in Q1 FY26, registering growth of around 12.22% YoY. On a sequential basis, sales increased from Rs. 4,868 crore in Q4 FY26, marking a growth of around 19.41% QoQ.
The company’s consolidated operating profit stood at Rs. 545 crore in Q1 FY27, compared with Rs. 456 crore in Q1 FY26, while the operating profit margin remained at around 9%. Consolidated net profit increased to Rs. 229 crore in Q1 FY27, compared with Rs. 205 crore in Q1 FY26, representing growth of around 11.71% YoY. On a sequential basis, net profit increased from Rs. 135 crore in Q4 FY26, registering growth of around 69.63% QoQ. The company’s EPS stood at Rs. 3.45 in Q1 FY27, compared with Rs. 3.06 in Q1 FY26 and Rs. 1.95 in Q4 FY26.
Investor Perspective
With the Rs. 1,076.71 crore drinking water project, the company acquires yet another significant order in its infrastructure order book, thus increasing its exposure towards the spending of the government on water infrastructure in the state of Andhra Pradesh. Being an order that has a two-year period of execution, the order should be a positive addition to the order execution pipeline of NCC for the coming quarters. As far as the NCC investors go, there are several things which need to be kept in mind while watching the performance of the company.