Key Metrics of Naseeb Construction Co.
About Naseeb Construction Co.
Sectors
Company details
Operational Areas of Naseeb Construction Co.
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 10 Aug 2026 | ICRA | Assigned | BB | A4 | Stable | ₹29.0 Cr | View |
Credit strengths (ICRA, Aug 2026)
—
Credit challenges
− Moderate scale of operations although healthy increase in FY2026
NCC remains a mid-sized player in a highly competitive EPC industry, as reflected in its moderate provisional operating income of around Rs. 115 crore in FY2026.
− Moderate order book position
NCC’s order book position remains moderate, providing medium-term revenue visibility, as reflected in an unexecuted order book of around Rs. 230 crore as on June 30, 2026.
− Risks related to partnership firm structure
NCC is exposed to risks associated with its partnership structure, including the risk of capital withdrawals by the partners.
− High geographical and client concentration risks
NCC remains exposed to significant geographical and client concentration risks.
Could lead to an upgrade
The ratings of Naseeb may be upgraded, in case of sustained improvement in revenue and earnings leading to strengthening of net worth, credit metrics and
Could lead to a downgrade
Pressure on the ratings could arise, if the firm’s scale and earnings decline significantly, leading to a deterioration in its debt protection metrics and
Agency-reported financials (ICRA, 10 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹46.70 Cr | ₹116 Cr |
| PAT | ₹2.50 Cr | ₹6.00 Cr |
| OPBDIT/OI | 7.5% | 7.1% |
| PAT/OI | 5.3% | 5.2% |
| Total outside liabilities/Tangible net worth (times) | 1.50× | 3.10× |
| Total debt/OPBDIT (times) | 2.70× | 1.20× |
| Interest coverage (times) | 7.60× | 8.10× |
| Revenue growth (YoY) | — | 147.5% |
| EBITDA (margin × income) | ₹3.50 Cr | ₹8.21 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹9.45 Cr | ₹9.85 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.46 Cr | ₹1.01 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund based – Working capital facilities | Working capital & bank lines | — | ₹2.90 Cr | — | BB (Stable) | Assigned | ICRA |
| Short-term – Non fund based – Bank guarantees | Non-fund based limits | — | ₹26.1 Cr | — | A4 | Assigned | ICRA |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 44% |
| Information on file | 33% · missing: Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 39% chance the next rating action is stable or better
- Current rating BB (below investment grade)
- Interest coverage 8.1×
Rated limits by facility
Timeline
From the report
The liquidity is also constrained on account of limited sanctioned working capital facility of Rs. 4.9 crore with moderate utilisation of around 60% during last 15 months ending on June 30, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Naseeb Construction Co.
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Reliance Infrastructure Limited |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
 KEC International |
Discovered Companies · Other Industries | kecrpg.com | 1945 | Mumbai, India |
| NCC Limited | Discovered Companies · Other Industries | — | — | Hyderabad, Telangana, India |
| Lodha Developers Limited | · Construction | — | — | Mumbai, Maharashtra, India |
 Ircon International Limited |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| Dilip Buildcon Limited | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R Infraprojects Limited | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
| Sterling And Wilson Renewable Energy Limited | Renewable Power · Oil, Gas & Energy | — | — | Mumbai, Maharashtra, India |
 GMR Power And Urban Infra Limited |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.