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RITES vs IRCON vs NBCC: Which Stock Should You Track

  • September 28, 2026
  • Posted by: Ankit Jaiswal
  • Category: Market
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RITES vs IRCON vs NBCC: Which Stock Should You Track

RITES PE 20.78, mkt cap Rs 9,586 crore. IRCON International PE 19.18, mkt cap Rs 9,974 crore. NBCC India PE 29.17, mkt cap Rs 22,289 crore.

Quick Answer

RITES vs IRCON International vs NBCC India is a side-by-side comparison of three companies from the PSU Engineering and Construction space. On this comparison, RITES carries a market capitalisation of about Rs 9,586 crore against Rs 9,974 crore for IRCON International and Rs 22,289 crore for NBCC India, with return on equity of 15.30%, 8.97% and 23.86% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.

RITES vs IRCON International vs NBCC India starts with the core numbers most investors compare within the PSU Engineering and Construction segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the PSU Engineering and Construction bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Table of Contents

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  • RITES, IRCON International and NBCC India: Company Overview
  • RITES vs IRCON International vs NBCC India: Valuation and Profitability Snapshot
  • RITES vs IRCON International vs NBCC India: Latest Quarterly Results
  • What Should Investors Look at Beyond These Numbers?
  • Conclusion
  • FAQs on RITES vs IRCON International vs NBCC India
    • What is the market cap difference between RITES, IRCON International and NBCC India?
    • Which of the three has the highest PE ratio?
    • Which of the three has the highest ROE?
    • Which of these three stocks pays the highest dividend yield?
    • What is the debt to equity ratio for RITES, IRCON International and NBCC India?
    • Which of the three trades at the highest price to book value?
    • Is one of RITES, IRCON International or NBCC India better than the others?

RITES, IRCON International and NBCC India: Company Overview

RITES is a listed Indian company in the PSU Engineering and Construction space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

IRCON International is a listed Indian company in the PSU Engineering and Construction space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

NBCC India is a listed Indian company in the PSU Engineering and Construction space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

RITES vs IRCON International vs NBCC India: Valuation and Profitability Snapshot

Metric RITES IRCON International NBCC India
Market Cap (approx.) Rs 9,586 crore Rs 9,974 crore Rs 22,289 crore
PE Ratio (TTM) 20.78 19.18 29.17
PB Ratio 3.58 1.50 7.39
Return on Equity (ROE) 15.30% 8.97% 23.86%
EPS (TTM, Rs) 9.60 5.53 2.83
Dividend Yield 3.63% 1.79% 1.21%
Debt to Equity 0.00 0.86 0.00
Book Value per Share (Rs) 55.79 70.59 11.18

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On valuation, RITES trades at a PE of 20.78 and a PB of 3.58, IRCON International at a PE of 19.18 and a PB of 1.50, while NBCC India trades at a PE of 29.17 and a PB of 7.39. On return on equity, the three post 15.30%, 8.97% and 23.86% respectively, and on dividend yield they stand at 3.63%, 1.79% and 1.21%.

RITES vs IRCON International vs NBCC India: Latest Quarterly Results

Company Latest Quarter Revenue Latest Quarter Net Profit YoY Change (Revenue) QoQ Change (Revenue)
RITES Rs 560.68 crore Rs 97.78 crore +9.6% -29.8%
IRCON International Rs 2,042.73 crore Rs 92.03 crore +7.9% -37.9%
NBCC India Rs 2,320.90 crore Rs 158.01 crore -5.9% -49.7%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three psu engineering and construction names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

RITES vs IRCON International vs NBCC India highlights how differently three companies in the same psu engineering and construction segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on RITES vs IRCON International vs NBCC India

What is the market cap difference between RITES, IRCON International and NBCC India?

Ans. As of September 2026, RITES has a market cap of approximately Rs 9,586 crore, IRCON International is at approximately Rs 9,974 crore, and NBCC India is at approximately Rs 22,289 crore.

Which of the three has the highest PE ratio?

Ans. Among RITES, IRCON International and NBCC India, the PE ratios stand at 20.78, 19.18 and 29.17 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. RITES, IRCON International and NBCC India post ROE of 15.30%, 8.97% and 23.86% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. RITES, IRCON International and NBCC India carry dividend yields of 3.63%, 1.79% and 1.21% respectively.

What is the debt to equity ratio for RITES, IRCON International and NBCC India?

Ans. RITES carries a debt to equity of 0.00, IRCON International of 0.86, and NBCC India of 0.00.

Which of the three trades at the highest price to book value?

Ans. RITES, IRCON International and NBCC India trade at price to book ratios of 3.58, 1.50 and 7.39 respectively.

Is one of RITES, IRCON International or NBCC India better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.



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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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