NCC order book ₹71,312 crore in Q1 FY27; inflow target

Snapshot: order book scale and FY27 guidance

NCC Ltd. reported a standalone order book of ₹71,312 crore at Q1 FY27, which management said is equivalent to 3.96 times trailing-twelve-month revenue. On a consolidated basis, the order book was stated at ₹81,214 crore as of June 30, 2026. The company also disclosed a prospective bidding pipeline of about ₹2.5 lakh crore (₹250,000 crore). Against this pipeline, management is targeting FY27 order inflows in the range of ₹22,000 crore to ₹25,000 crore. The order book and pipeline figures are closely tracked by investors because they shape revenue visibility and execution planning in EPC businesses.

What NCC said about execution timelines

NCC indicated that orders typically span execution periods ranging from 2 to 7 years, with some mining orders lasting up to 7 years. It also stated that about ₹81,000 crore of orders are in executable mode. The company noted that orders received in the current quarter are expected to begin contributing to turnover from Q3 FY27 due to mobilization time. For infrastructure contractors, mobilization and site readiness can push revenue recognition by a few quarters even after awards are announced. This timing detail matters for near-term revenue expectations.

Order book movement from March 2026 to June 2026

The company disclosed that the beginning-of-the-year order book was ₹83,004 crore. As of June 30, 2026, the consolidated order book stood at ₹81,214 crore, reflecting movement after execution and fresh wins. NCC also provided a split of the order book, with standalone at ₹71,312 crore and subsidiaries at ₹9,902 crore. In the current quarter, orders received were stated at ₹3,889 crore. Separately, NCC said orders received in July 2026 totalled ₹1,052.71 crore, adding to the broader backlog.

Recent order wins across divisions

For July 2026, NCC disclosed total orders of ₹1,052.71 crore, including ₹590.38 crore from the buildings division and ₹462.33 crore from the water division. The company said these orders were in the normal course of business and did not involve related parties. In August 2026, it reported orders worth ₹430.19 crore. In May 2026, NCC received orders worth ₹1,837.01 crore across water, buildings and electrical divisions. These periodic disclosures provide a view of the run-rate of awards against the company’s stated FY27 inflow target.

Financial context: revenue data points disclosed

NCC’s consolidated revenue for the year ended March 2026 was reported at ₹20,944 crore, with a 6% decline. It also reported Jun-2026 quarterly revenue of ₹4,952 crore, which was stated as 11.8% year-on-year growth. Management also framed the standalone order book at Q1 FY27 as 3.96 times trailing-twelve-month revenue, indicating a relatively strong backlog-to-revenue relationship. The combination of annual revenue, quarterly revenue and order book multiples helps investors gauge whether execution capacity and working capital can support delivery.

Jal Jeevan Mission receivables: what was shared earlier

In the Q3 FY26 earnings conference call disclosures, NCC discussed developments related to Jal Jeevan Mission (JJM) payment recoveries. The company said it received approximately ₹560 crore in payments, primarily in January 2026. It also said outstanding receivables for Uttar Pradesh projects reduced from ₹1,700 crore to ₹1,200 crore. It disclosed a total JJM order book of ₹7,000 crore and total JJM receivables (all states) of ₹3,700 crore, alongside execution figures for Q3 FY26 and nine months. These datapoints matter because receivable cycles in government-linked projects can influence cash flow.

Stock snapshots and dividend details disclosed

Market data shared alongside the update included multiple snapshots. One quote showed NCC at ₹132.98 with a day change of -0.33% on 25 Sept 2026, and another snapshot stated that as of 25-09-2026 17:32, the share price was shown as ₹0 with a change of -100.00% from the previous close of ₹133.42, along with an intraday range of ₹131.05 to ₹134.13 and volume of 2,118,247 shares. The dataset also included a separate reference price of ₹132.98 on the NSE and ₹133 on the BSE as of 6 June 2025 at 10:01 AM. NCC also declared a final dividend of ₹2.2 per share for the financial period ending 2026, with the record date set as 2026-08-14 and payment scheduled around 2026-08-14.

Key figures at a glance

Recent announcements and corporate actions

Why the order book and inflow target matter

The disclosed order book indicates multi-year execution coverage, with stated durations of 2 to 7 years and mining orders up to 7 years. Management’s FY27 inflow target of ₹22,000-₹25,000 crore is anchored to a much larger pipeline of about ₹250,000 crore, suggesting the company is positioning for a steady cadence of awards. The quarter-level note that fresh orders may start contributing from Q3 FY27 due to mobilization time provides a timeline for when incremental backlog could translate into reported turnover. For investors, these details frame near-term revenue expectations, execution visibility and the scale of opportunities the company is pursuing.

Company profile in brief

NCC is an infrastructure and construction enterprise headquartered in Hyderabad, Telangana. It operates across buildings, transportation, water and environment, electrical distribution, irrigation, mining, and smart metering. The company executes engineering, procurement and construction (EPC) projects for central and state government agencies, public sector undertakings and private corporate clients across India and international markets. It was established in 1978 and has over 47 years of operational experience, as referenced in the disclosures.

Conclusion

NCC’s Q1 FY27 standalone order book of ₹71,312 crore and the consolidated order book of ₹81,214 crore underline the company’s backlog position going into FY27. Management’s inflow target of ₹22,000-₹25,000 crore, supported by a stated ₹250,000 crore bidding pipeline, sets the reference point for future order announcements through the year. The company has also highlighted mobilization timelines that could shift revenue contribution of new wins toward Q3 FY27. Investors will likely track quarterly order inflows, execution progress and working-capital indicators such as receivable movement in segments like Jal Jeevan Mission.