NCC Share Price Jumps 5% After Securing ₹2,090.5 Crore Bihar Project: What’s Next for Investors?

NCC Share Price

The NCC share price honestly feels like that acquaintance who’s always up for a weekend adventure — unpredictable, sometimes zooming, sometimes slumping, but always with a story. As of Monday, after bagging a whopping ₹2,090.5 crore project from Bihar’s Water Resources Department, NCC shares rocketed up to ₹218.23 apiece, sending the usual WhatsApp investor groups into a flurry of “Should you hold?” debates. The latest jump was a solid 4.77% in a single trading session. Flashbacks to its six-month gains — over 17% — remind us why NCC sometimes gets called a “multibagger,” especially when you look at that wild 560% five-year ride.

But don’t pop the bubbly just yet. The last year’s been a bit of a bumpy auto-rickshaw ride: after touching new highs, the stock’s down roughly 31% from its last year peaks. Volatile, yes — but isn’t that part of the market’s charm?

The Bihar Reservoir Project: Grit, Grind, and Big Bucks

So, what’s behind the latest NCC rally? Well, this ₹2,090.5 crore project isn’t a small fry — it’s for constructing the Barner Reservoir Scheme in Jamui district, Bihar. That means dam structures, irrigation canals, and probably enough concrete for a small town. I read about the deal while waiting in line for filter coffee and instantly pictured teams of engineers planning for 30 months of non-stop work, all supervised by government folks who know their canals.

For those who read exchange filings for fun (no judgment), this one ticked all the right boxes: standard contract terms, rigorous oversight by Bihar’s Water Resources Department, and a massive project value, minus GST of course. Maybe not the stuff of Netflix dramas, but for infra geeks and value investors, it’s big news.

NCC’s Q1 Results 2025

Q1 FY26 numbers arrived, and honestly, it’s complicated. Net profit for NCC clocked in at ₹192.1 crore — that’s an 8.4% dip from last year’s ₹209.9 crore. Revenue’s down too, about 6.3% year-on-year, settling at ₹5,178.9 crore for the quarter. Yeah, red ink isn’t a good look, but before anyone panics: the EBITDA margin nudged up from 8.6% to 8.8%.

And that order book? Still stacked, with fresh orders worth ₹3,658 crore in the June quarter, totaling a mammoth ₹70,087 crore by quarter’s end. As one market veteran once told me, “Infra companies eat, sleep, and breathe the order book.” NCC seems well-fed.