NCC Ltd Shares Jump After Rs.2,090 Cr Bihar Order; Order Book at Rs.70,087 Cr

Infrastructure giant NCC Ltd saw its stock rise nearly 5% intraday after winning a Rs.2,090 crore project from the Bihar government. The contract involves the construction of the Barnar reservoir, dam structures, irrigation channels, and associated works, to be completed within 30 months.

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Market performance of NCC Ltd

The company’s shares were trading at Rs.216.15 apiece, up around 2% from the previous close of Rs.212.10, giving it a market capitalization of Rs.13,316.63 crore. The positive momentum was driven by investor confidence in its expanding project pipeline.

Q1 financial update

Despite the fresh order, Q1FY26 results reflected a slowdown. Revenue slipped 6% YoY to Rs.5,179 crore from Rs.5,528 crore, while net profit declined 8% to Rs.205 crore from Rs.223 crore. Margin pressures and weak demand weighed on overall performance.

Strong order book

As of Q1FY26, NCC maintained a robust Rs.70,087 crore order book. Buildings contributed 34%, transportation 26%, and electrical (T&D) 22%, while water & railways (6%), mining (7%), and irrigation (5%) ensured a diversified portfolio.

New orders and execution

During the quarter, NCC secured Rs.3,658 crore in fresh orders, primarily in the buildings segment (79%) and transportation (21%). Execution stood at Rs.5,139 crore, led by buildings (34%), mining (16%), and electrical works (18%).

Outlook and guidance

The management remains confident about FY26 guidance, backed by a tender pipeline of Rs.2.55 lakh crore and expected inflows of Rs.22,000–25,000 crore. This includes Rs.5,000–6,000 crore of L1 orders, signaling a steady flow of upcoming projects.

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