NCC Ltd

Meeting Details

• Date: August 7, 2026; Time: not specified.
• Type: earnings conference call; Mode: virtual group.
• Organiser: NCC Limited; JM Financial moderated.

Participants

• Director, Projects (NCC Limited).
• Executive Vice President, Finance & Accounts (NCC Limited).
• Head, Strategy & Investor Relations (NCC Limited).

Purpose

• Discuss Q1 FY27 unaudited results and outlook.
• Provide FY27 guidance; investor interaction.

Availability

• Conference recording available.
• Transcript and investor presentation available on NCC website.

Meeting Details

• Date: 7 August 2026; time not disclosed; analyst conference call (virtual).

Participants

• Key company participant: Company Secretary.

Purpose

• Discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.

Availability

• Audio recording of the call is available on NCC Limited's website.

Order details

• Three orders in July 2026 totaling Rs 1,052.71 crore (excl. GST).
• Breakup: Buildings Division Rs 590.38 crore; Water Division Rs 462.33 crore.
• Orders are in the normal course of business; no internal order.
• Promoters/Promoter Group/Group Companies have no interest; no related party transaction.

Meeting Details

• Date and time: August 7, 2026 at 11:30 AM IST.
• Type and mode: group conference call; virtual teleconference.
• Organizer: JM Financial Institutional Securities Limited.
• Purpose: discuss unaudited Q1 FY27 results for quarter ended June 30, 2026.
• Key company participants: Director (Projects); EVP Finance & Accounts; Head Strategy & Investor Relations.

Overview

• NCC Limited is an infrastructure construction and civil engineering contractor reporting on a standalone basis for FY2025-26.
• Main activities account for 100% turnover; 186 sites/offices nationwide (171 sites, 15 offices) and 1 international site.
• Markets served include government, PSUs, and private clients across 27 Indian states plus 1 international country.
• CSR is applicable; CSR turnover reported as 17,669 Crores with net worth of 7,574 Crores.

Key ESG Risks & Opportunities

• Governance risk: legal, reputational and shareholder impacts; mitigated by defined leadership and ESG oversight.
• Opportunity: improved customer experience and satisfaction driving loyalty and profitability.
• Opportunity: enhanced employee engagement for productivity gains and safety on site.
• Opportunity: social engagement and community impact through CSR and stakeholder collaboration.
• Environment risk: climate extremes and water scarcity; mitigated by resilient design and water/ waste management.

Governance & Policy Highlights

• ESG governance rests with an ESG Committee and multiple board-level committees (Audit, NRD, CSR, Risk).
• Certifications: ISO 9001, ISO 14001, ISO 45001, ISO/IEC 27001; SGS provides reasonable assurance.
• Policies: anti-bribery, whistleblower, ESG, CSR, sustainable procurement, RPT, equal opportunity, POSH.
• All policies approved by the Board and periodically reviewed by relevant committees.
• Company reports compliance with applicable regulations; no bribery penalties disclosed; training conducted for governance.
• Training: Board/KMPs trained; employees (739) and workers (571) trained on health/safety.

Social Responsibility & Workforce

• Total workforce: 12,371 employees; 7,692 permanent; 19,117 workers.
• Board has 1 female director of 11 (9% representation).
• LTIFR: employees 0.06, workers 0.12; total injuries 2 employees and 6 workers; fatalities 1 each.
• All employees/workers receive minimum wage; PF/ESI coverage 100%; gratuity coverage 100%.
• Grievance mechanisms in place; 0 complaints across communities, employees/workers, or customers in FY2025-26.
• CSR initiatives include healthcare (milk banks, clinics), education, rural development, and community facilities.

Environmental Performance

• Total energy use 13,91,292 GJ; renewable share 1,527 GJ; non-renewable 13,89,765 GJ.
• Energy intensity 78.7 GJ per crore turnover; PPP-adjusted 1,601.6 (IMF rate).
• Scope 1 emissions: 88,331 tCO2e; Scope 2 emissions: 21,573 tCO2e; Scope 3: 1,400,080 tCO2e.
• Total GHG (Scope 1+2+3): 1,509,984 tCO2e; intensity 6.22 MTCO2e/Cr turnover.
• Water withdrawal: surface 9,577 KL; groundwater 857,328 KL; third-party 1,391,791 KL; total 22,58,696 KL.
• Waste generated: total 27,252 MT; recycled 0, reused 278 MT; landfilled 12,361 MT; other disposal 14,063 MT.
• Certifications include ISO 9001/14001/45001/27001; EPR not applicable; SGS-assured reporting.
• LED lighting and energy-saving measures implemented to reduce emissions.

Stakeholder Engagement & Complaints

• Key stakeholder groups: employees, clients, suppliers, local communities, media, government, shareholders, investors/banks.
• Engagement channels include email, meetings, CSR programs; frequency is as required by topic.
• Community complaints: 0; investor/shareholder complaints: 0; employee/worker complaints: 0; value-chain complaints: 0.

Other Notable Metrics

• Inputs: 18% of purchases from MSMEs; 99.96% sourced from within India.
• Related-party transactions: purchases 0.66%, sales 6.34%, loans 49.21%, investments 99.43% of totals.
• Data privacy/cybersecurity: policy in place; no data breaches reported.
• Green credits: none; independent assurance by SGS on BRSR core indicators.

AGM Details

• 36th AGM on Aug 27, 2026 at 3:00 PM IST via VC/OAVM.
• E-voting from Aug 24 to Aug 26, 2026.
• Cut-off date for voting eligibility: Aug 20, 2026.
• Record date for dividend: Aug 14, 2026.
• Dividend proposed: ₹2.20 per equity share.
• Last date for publishing results: Aug 31, 2026.

Resolutions & Topics

• Ordinary: Adopt standalone financial statements for FY 2025-26.
• Ordinary: Adopt consolidated financial statements for FY 2025-26.
• Ordinary: Declare dividend of ₹2.20 per equity share.
• Ordinary: Reappoint director A G K Raju (retiring by rotation).
• Ordinary: Reappoint director Utpal H Sheth (retiring by rotation).
• Ordinary: Ratify remuneration of Cost Auditors for FY 2025-26.
• Special: Re-appoint Sri A V N Raju as Whole-time Director for five years.
• Ordinary: Approve remuneration for Director (Commercial) as RPT within ₹4–₹10 LPA scale.

Dividend

• Dividend: ₹2.20 per equity share; Record date Aug 14, 2026.

Director Changes

• Reappointment of A G K Raju (retiring by rotation).
• Reappointment of Utpal H Sheth (retiring by rotation).
• Reappointment of A V N Raju as Whole-time Director for five years.

Auditors

• Cost Auditor remuneration ratified for FY 2025-26.

Related Party Transactions

• Director (Commercial) remuneration proposed up to ₹10 LPA within ₹4–₹10 LPA scale.

Financial highlights

• Consolidated revenue ₹20,823 crore; down from ₹22,199.36 crore.
• Standalone revenue ₹17,463.49 crore; down from ₹19,205.78 crore.
• Consolidated EBITDA ₹1,836.08 crore; margin 8.82%.
• Standalone EBITDA ₹1,448.34 crore; margin 8.29%.
• Consolidated PAT ₹675.32 crore; standalone PAT ₹576.76 crore.
• Consolidated order book ₹83,004 crore; up 16% YoY.
• Order inflows ₹31,884 crore; order execution ₹20,447 crore.
• Dividend recommended ₹2.20 per equity share; record date 14 Aug 2026.
• Consolidated equity ₹8,029.12 crore; standalone net worth ₹7,574.42 crore.
• Net debt ₹2,814.85 crore; gearing 0.35x.
• Cash and cash equivalents ₹642.15 crore.

Operational mix and key orders

• Segment revenue: Construction ₹20,558.84 cr; Real Estate ₹264.16 cr; Others ₹2.44 cr.
• Geography: Within India ₹20,809.31 cr; Outside India ₹13.69 cr.
• Consolidated segment profit: Construction ₹1,117.25 cr; Real Estate ₹30.76 cr; Others ₹-2.40 cr.
• Customer concentration: one customer exceeded 10% of consolidated revenue.
• Notable completions: Silchar Medical College, Kasara Dantiwada Pipeline, Jabalpur Flyover.
• Order book mix: Buildings 27%, Transportation 20%, Mining 17%, Electrical 17%, Water & Railways 12%, Irrigation & Others 7%.

Capital structure and cash flows

• Total equity: ₹7, is ₹7,574.42 crore (standalone).
• Net debt to equity ratio: 0.35x; net debt ₹2,814.85 crore.
• Consolidated cash from operations ₹886.05 crore; investing activities ₹-765.92 crore; financing ₹878.18 crore.
• Capital expenditure: ₹653.39 crore consolidated; ₹603.33 cr (Construction) in FY26.
• Cost auditor Vajralingam & Co. remuneration ₹2.50 lakh ratified.

ESG and sustainability

• GHG footprint: Scope 1 88,331 tCO2e; Scope 2 21,573 tCO2e; total 109,904 tCO2e.
• Energy: total 13,91,292 GJ; renewable energy 1,527 GJ; energy intensity 78.7 GJ/₹ crore turnover.
• Water: withdrawal 22,58,696 KL; water intensity 127.8 KL/₹ crore turnover.
• Waste: 27,252 MT generated; 12,361 MT landfilled; 14,063 MT other disposal; 278 MT recycled.
• 157 value-chain partners assessed (29% of FY26 spend); ISO 27001, 9001, 14001, 45001 certified.
• BRSR: SGS India provided reasonable assurance.

Governance and risk management

• Board size 11; Independent Directors 6; Sumit Banerjee appointed Independent Director from 1 Jan 2026.
• Board meetings: eight in FY26; Audit Committee chaired by Sri Rajender Mohan Malla; six meetings.
• Management reiterates governance transparency; Independent Directors declarations on independence.
• CSR and ESG oversight via Board committees; risk management function central to oversight.
• Secretarial audit: no qualifications; cost and internal financial controls reviewed.

Dividend policy and CSR

• Dividend payout for FY26 planned at ₹2.20 per share; ₹138.13 crore payout.
• CSR outlay FY26: ₹9.12 crore; ₹14.24 crore excess carried forward for set-off in future years.
• CSR 12 projects; beneficiaries around 16,355; key programs include AAS Vidyalaya, milk banks, maternal health.
• NCC Foundation contributed ₹3.75 crore in FY26; CSR impact assessments conducted.

AGM and corporate actions

• 36th AGM scheduled August 27, 2026 via VC/OAVM; record date Aug 14, 2026.
• E-voting window: 24-26 August 2026; results to stock exchanges after the AGM.
• Cost Auditor remuneration ratified; cost audit to cover FY2025-26.
• Reappointment of Sri A V N Raju as Whole-time Director for five years approved; enhanced remuneration framework.