RITES vs IRCON vs NBCC: Which Stock Should You Track

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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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.

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.