Is NCC the Best Stock in Its Sector? A Look at the Numbers

Is NCC the best stock in its sector? The stock trades on the NSE at Rs 124 as of 16 October 2026, within its 52-week range of Rs 119.01 to Rs 217.25. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About NCC

NCC Ltd is a Hyderabad based construction company with a long record in civil and infrastructure work. It builds buildings, roads, water and irrigation projects, electrical works and mining projects, and a large part of its orders come from government bodies. At a market capitalisation of Rs 7,773 Cr, it is tracked as part of the Infrastructure sector on Univest.

Is NCC the Best Stock in Its Sector?

NCC makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. NCC's 10.39x P/E is below the 22.80x Industry P/E and KEC International at 17.32x, though above Patel Engineering at 8.60x, while its 8.58% ROE is lower than KEC International at 9.83% and Patel Engineering at 9.07%, and its debt to equity ratio of 0.44 is below KEC International at 0.87, though above Patel Engineering at 0.27.

Metric	NCC
CMP (NSE)	Rs 123.78
52-Week High / Low	Rs 217.25 / Rs 119.01
Market Cap	Rs 7,773 Cr
P/E (TTM) vs Industry P/E	10.39x vs 22.80x
P/B	0.99
ROE	8.58%
EPS (TTM)	Rs 11.92
Dividend Yield	1.78%
Debt to Equity	0.44

Compare NCC Against Other Infrastructure Sector Stocks

How NCC Compares Against Its Infrastructure Sector Peers

The table below sets NCC against 2 other Infrastructure sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
NCC	7,773	10.39	8.58%	0.44
KEC International	9,589	17.32	9.83%	0.87
Patel Engineering	2,466	8.60	9.07%	0.27
Peer average (2 companies)	-	12.96	9.45%	0.57

Measured against the peer averages, NCC's P/E is 20 percent below the 12.96x average, and its ROE is 0.87 percentage points below the 9.45% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.

What Makes NCC Worth Watching in Infrastructure

• Scale: At Rs 7,773 Cr, its market capitalisation is larger than Patel Engineering (Rs 2,466 Cr), though smaller than KEC International (Rs 9,589 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
• Sector drivers: Order inflows from housing, water and road projects, and the pace of billing and payments from government clients, drive revenue.
• Key risk: Its ROE is below 10%, and the stock sits near its 52-week low, which may reflect worries about execution and working capital.

NCC Valuation: Is It Justified?

At a P/B ratio of 0.99, the market pays about Rs 0.99 for every rupee of book value, and the EPS (TTM) of Rs 11.92 is the earnings base behind the P/E. The stock trades about 43 percent below its 52-week high and about 4 percent above its 52-week low. The dividend yield of 1.78% is a modest income component, so returns depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.

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Download the Univest iOS App or Univest Android App to track NCC and other Infrastructure sector stocks.

How to Track NCC Before You Invest

Before deciding whether NCC deserves its label as the best stock in its sector for your own portfolio, compare it directly against Infrastructure sector peers using the steps below.

1. Open the Univest Screener and search for NCC to view live price, valuation ratios, and peer comparisons within the Infrastructure sector.
2. Compare its P/E, P/B, and ROE against other Infrastructure sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

NCC gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Infrastructure depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is NCC the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. NCC has an 8.58% ROE and trades at 10.39x P/E against a 22.80x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 9.45% peer average and its P/E is below the 12.96x peer average. Its debt to equity ratio of 0.44 is below the 0.57 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of NCC?

Ans. NCC was trading at Rs 123.78 on the NSE as of 16 October 2026, and its 52-week range runs from Rs 119.01 to Rs 217.25. That leaves the share price 43 percent short of the 52-week high and 4 percent clear of the 52-week low. Its market capitalisation is Rs 7,773 Cr and its EPS (TTM) is Rs 11.92, which is the earnings figure behind the 10.39x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does NCC belong to?

Ans. NCC is classified under the Infrastructure sector on Univest, and that group of listed companies is the reference point for the 22.80x Industry P/E used in this article. The 2 named peers compared here are KEC International and Patel Engineering, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Infrastructure sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does NCC compare to its sector peers on P/E?

Ans. NCC's P/E of 10.39x is below the 12.96x average of the 2 named peers, with KEC International at 17.32x and Patel Engineering at 8.60x. It also sits below the 22.80x Industry P/E, which is the benchmark for the wider Infrastructure sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 0.99 gives one more view of how the market values its book value.

What is NCC's return on equity?

Ans. NCC reported a return on equity of 8.58%, which is below the 9.45% average of its named peers, with KEC International at 9.83% and Patel Engineering at 9.07%. ROE shows how much profit a company generates on every rupee of shareholders' equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.44 against a peer average of 0.57. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in NCC based on its sector position?

Ans. Sector position is only one input into an investment decision. NCC has an 8.58% ROE and a 10.39x P/E, which make it worth researching further, and its dividend yield is 1.78%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.