NCC Limited (NCC) - Net Assets

Latest as of September 2025: Rs77.13 Billion INR ≈ $834.16 Million USD

Based on the latest financial reports, NCC Limited (NCC) has net assets worth Rs77.13 Billion INR (≈ $834.16 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs234.40 Billion ≈ $2.53 Billion USD) and total liabilities (Rs157.27 Billion ≈ $1.70 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NCC financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs77.13 Billion
% of Total Assets	32.91%
Annual Growth Rate	16.99%
5-Year Change	37.17%
10-Year Change	97.43%
Growth Volatility	40.68

NCC Limited - Net Assets Trend (2005–2025)

This chart illustrates how NCC Limited's net assets have evolved over time, based on quarterly financial data. Also explore NCC Limited assets under control for the complete picture of this company's asset base.

Annual Net Assets for NCC Limited (2005–2025)

The table below shows the annual net assets of NCC Limited from 2005 to 2025. For live valuation and market cap data, see NCC stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs75.02 Billion ≈ $811.36 Million	+10.14%
2024-03-31	Rs68.12 Billion ≈ $736.68 Million	+5.03%
2023-03-31	Rs64.85 Billion ≈ $701.38 Million	+9.99%
2022-03-31	Rs58.96 Billion ≈ $637.65 Million	+7.80%
2021-03-31	Rs54.69 Billion ≈ $591.50 Million	+6.01%
2020-03-31	Rs51.59 Billion ≈ $557.96 Million	+5.89%
2019-03-31	Rs48.72 Billion ≈ $526.94 Million	+11.17%
2018-03-31	Rs43.83 Billion ≈ $473.98 Million	+16.06%
2017-03-31	Rs37.76 Billion ≈ $408.38 Million	-0.63%
2016-03-31	Rs38.00 Billion ≈ $410.95 Million	+2.07%
2015-03-31	Rs37.23 Billion ≈ $402.61 Million	+18.79%
2014-03-31	Rs31.34 Billion ≈ $338.92 Million	+10.14%
2013-03-31	Rs28.45 Billion ≈ $307.73 Million	-11.28%
2012-03-31	Rs32.07 Billion ≈ $346.83 Million	+16.71%
2011-03-31	Rs27.48 Billion ≈ $297.17 Million	+14.80%
2010-03-31	Rs23.94 Billion ≈ $258.85 Million	+33.15%
2009-03-31	Rs17.98 Billion ≈ $194.40 Million	+11.56%
2008-03-31	Rs16.11 Billion ≈ $174.26 Million	+49.99%
2007-03-31	Rs10.74 Billion ≈ $116.18 Million	+13.67%
2006-03-31	Rs9.45 Billion ≈ $102.20 Million	+190.35%
2005-03-31	Rs3.25 Billion ≈ $35.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to NCC Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1935870000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs19.36 Billion	26.43%
Common Stock	Rs1.26 Billion	1.71%
Other Comprehensive Income	Rs25.20 Billion	34.41%
Other Components	Rs27.42 Billion	37.44%
Total Equity	Rs73.24 Billion	100.00%

NCC Limited Competitors by Market Cap

The table below lists competitors of NCC Limited ranked by their market capitalization.

Company	Market Cap
SINOPEC Engineering (Group) Co. Ltd F:1NS	$1.11 Billion
Indika Energy Tbk JK:INDY	$1.11 Billion
SMA SOLAR T. UNSP.ADR/01 F:S93	$1.11 Billion
BIRLASOFT LIMITED NSE:BSOFT	$1.11 Billion
Upbound Group Inc. NASDAQ:UPBD	$1.11 Billion
Shenzhen Coship Electronics Co Ltd SHE:002052	$1.11 Billion
Wangneng Environment Co Ltd SHE:002034	$1.11 Billion
POLESTAR AUTO.ADR/A F:A4N1	$1.11 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in NCC Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 66,397,000,000 to 73,237,100,000, a change of 6,840,100,000 (10.3%).
Net income of 8,198,800,000 contributed positively to equity growth.
Dividend payments of 1,381,300,000 reduced retained earnings.
New share issuances of 4,900,000 increased equity.
Other comprehensive income increased equity by 3,513,600,000.
Other factors decreased equity by 3,495,900,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs8.20 Billion	+11.19%
Dividends Paid	Rs1.38 Billion	-1.89%
Share Issuances	Rs4.90 Million	+0.01%
Other Comprehensive Income	Rs3.51 Billion	+4.8%
Other Changes	Rs-3.50 Billion	-4.77%
Total Change	Rs-	10.30%

Book Value vs Market Value Analysis

This analysis compares NCC Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.40x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 10.94x to 1.40x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs14.98	Rs163.84	x
2006-03-31	Rs33.14	Rs163.84	x
2007-03-31	Rs29.84	Rs163.84	x
2008-03-31	Rs43.33	Rs163.84	x
2009-03-31	Rs46.98	Rs163.84	x
2010-03-31	Rs57.69	Rs163.84	x
2011-03-31	Rs61.27	Rs163.84	x
2012-03-31	Rs64.86	Rs163.84	x
2013-03-31	Rs105.10	Rs163.84	x
2014-03-31	Rs63.32	Rs163.84	x
2015-03-31	Rs77.95	Rs163.84	x
2016-03-31	Rs63.19	Rs163.84	x
2017-03-31	Rs62.02	Rs163.84	x
2018-03-31	Rs72.49	Rs163.84	x
2019-03-31	Rs76.51	Rs163.84	x
2020-03-31	Rs81.46	Rs163.84	x
2021-03-31	Rs84.69	Rs163.84	x
2022-03-31	Rs91.24	Rs163.84	x
2023-03-31	Rs98.87	Rs163.84	x
2024-03-31	Rs105.75	Rs163.84	x
2025-03-31	Rs116.65	Rs163.84	x

Capital Efficiency Dashboard

This dashboard shows how efficiently NCC Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.19%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.69%
• Asset Turnover: 1.06x
• Equity Multiplier: 2.87x
Recent ROE (11.19%) is above the historical average (7.68%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	17.52%	4.87%	1.29x	2.78x	Rs244.72 Million
2006	10.94%	5.62%	0.99x	1.96x	Rs88.91 Million
2007	9.49%	3.27%	0.89x	3.24x	Rs-51.85 Million
2008	10.82%	4.61%	0.68x	3.47x	Rs126.44 Million
2009	10.57%	3.81%	0.70x	3.94x	Rs99.04 Million
2010	12.14%	4.75%	0.69x	3.68x	Rs493.01 Million
2011	8.63%	3.56%	0.60x	4.08x	Rs-350.94 Million
2012	2.07%	0.84%	0.55x	4.44x	Rs-2.16 Billion
2013	2.09%	0.81%	0.62x	4.15x	Rs-2.13 Billion
2014	1.95%	0.57%	0.78x	4.40x	Rs-2.22 Billion
2015	1.58%	0.57%	0.76x	3.69x	Rs-2.86 Billion
2016	3.43%	1.26%	0.75x	3.62x	Rs-2.31 Billion
2017	0.92%	0.35%	0.81x	3.21x	Rs-3.13 Billion
2018	4.13%	2.01%	0.68x	3.04x	Rs-2.40 Billion
2019	12.59%	4.49%	0.88x	3.19x	Rs1.19 Billion
2020	6.86%	3.78%	0.64x	2.82x	Rs-1.54 Billion
2021	5.19%	3.38%	0.59x	2.62x	Rs-2.49 Billion
2022	8.61%	4.33%	0.77x	2.58x	Rs-778.64 Million
2023	9.88%	3.92%	0.94x	2.68x	Rs-74.83 Million
2024	10.70%	3.41%	1.15x	2.73x	Rs467.20 Million
2025	11.19%	3.69%	1.06x	2.87x	Rs875.09 Million

Industry Comparison

This section compares NCC Limited's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $6,007,484,960
Average return on equity (ROE) among peers: 2.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
NCC Limited (NCC)	Rs77.13 Billion	17.52%	2.04x	$1.11 Billion
A2Z Infra Engineering Limited (A2ZINFRA)	$1.53 Billion	-117.78%	8.34x	$32.19 Million
AFCONS INFRASTRUCTURE LTD (AFCONS)	$27.03 Billion	13.18%	3.80x	$1.35 Billion
Akash Infra-Projects Limited (AKASH)	$445.41 Million	21.94%	1.00x	$4.86 Million
Ashoka Buildcon Limited (ASHOKA)	$1.53 Billion	2.79%	1.89x	$407.57 Million
AXISCADES Technologies Limited (AXISCADES)	$959.73 Million	12.58%	0.80x	$923.53 Million
Capacit'e Infraprojects Limited (CAPACITE)	$8.43 Billion	11.54%	1.43x	$230.95 Million
Consolidated Construction Consortium Limited (CCCL)	$4.51 Billion	19.32%	1.22x	$79.43 Million
Ceigall India (CEIGALL)	$5.93 Billion	28.20%	2.08x	$637.91 Million
Dilip Buildcon Limited (DBL)	$9.32 Billion	24.65%	5.73x	$816.55 Million
Dhruv Consultancy Services Limited (DHRUV)	$395.72 Million	12.22%	1.09x	$7.28 Million

About NCC Limited

NSE:NCC India Engineering & Construction

Market Cap

$1.11 Billion

Rs102.87 Billion INR

Market Cap Rank

#8657 Global

#415 in India

Share Price

Rs163.84

Change (1 day)

-0.64%

52-Week Range

Rs130.94 - Rs239.93

All Time High

Rs355.49