NCC Balance Sheet
- Market cap
- ₹8,005 crore
- P/E
- 11.4
- P/B
- 1.02
- ROE
- 8.9%
- Dividend yield
- 1.73%
As of Mar 2022, NCC had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 23.23% from Mar 2023.
NCC balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 126 | 126 | 126 | 126 |
| Reserves | 8,500 | 1,483 | 1,603 | 1,936 | 2,129 |
| Borrowings | 1,200 | 974 | 980 | 1,594 | 3,407 |
| Other liabilities | 3,500 | 9,091 | 10,305 | 11,910 | 14,570 |
| Total liabilities | 13,700 | 16,550 | 18,097 | 21,006 | 26,006 |
| Fixed assets | 6,500 | 1,255 | 1,297 | 1,388 | 2,111 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 3,310 | 3,619 | 4,201 | 5,201 |
| Other assets | 4,300 | 4,965 | 5,429 | 6,302 | 7,802 |
| Total assets | 13,700 | 16,550 | 18,097 | 21,006 | 26,006 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
NCC balance sheet — frequently asked questions
What is the total debt of NCC?
NCC reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹974 crore as of Mar 2023.
What is NCC's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, NCC's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are NCC's total assets?
NCC's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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