NCC.NS vs. TECHM.NS

Last updated Jun 5, 2026

NCC.NS (NCC Limited) and TECHM.NS (Tech Mahindra Limited) are both stocks. NCC.NS operates in Engineering & Construction (Industrials), while TECHM.NS operates in Information Technology Services (Technology). Over the past 10 years, NCC.NS returned 8.67%/yr vs 14.12%/yr for TECHM.NS. At a 0.22 correlation, their price movements are largely independent.

Performance

NCC.NS vs. TECHM.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in NCC Limited (NCC.NS) and Tech Mahindra Limited (TECHM.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NCC.NS achieves a -8.42% return, which is significantly lower than TECHM.NS's -6.51% return. Over the past 10 years, NCC.NS has underperformed TECHM.NS with an annualized return of 8.67%, while TECHM.NS has yielded a comparatively higher 14.12% annualized return.

NCC.NS

• 1D: -0.21%
• 1M: -12.22%
• YTD: -8.42%
• 6M: -13.31%
• 1Y: -37.05%
• 3Y*: 6.71%
• 5Y*: 14.19%
• 10Y*: 8.67%

TECHM.NS

• 1D: 1.02%
• 1M: 2.42%
• YTD: -6.51%
• 6M: -4.80%
• 1Y: -1.69%
• 3Y*: 13.72%
• 5Y*: 11.70%
• 10Y*: 14.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NCC.NS vs. TECHM.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCC.NS NCC Limited	-8.42%	-40.84%	65.40%	101.61%	22.97%	23.16%	3.56%	-35.14%	-33.38%	66.71%
TECHM.NS Tech Mahindra Limited	-6.51%	-4.06%	37.78%	29.88%	-40.54%	90.80%	32.94%	7.70%	46.72%	5.54%

Correlation

The correlation between NCC.NS and TECHM.NS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Aug 29, 2006	0.22

Return for Risk

NCC.NS vs. TECHM.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NCC.NS

NCC.NS Risk / Return Rank: 5
NCC.NS Sharpe Ratio Rank: 1
NCC.NS Sortino Ratio Rank: 3
NCC.NS Omega Ratio Rank: 4
NCC.NS Calmar Ratio Rank: 10
NCC.NS Martin Ratio Rank: 9

TECHM.NS

TECHM.NS Risk / Return Rank: 36
TECHM.NS Sharpe Ratio Rank: 38
TECHM.NS Sortino Ratio Rank: 33
TECHM.NS Omega Ratio Rank: 32
TECHM.NS Calmar Ratio Rank: 39
TECHM.NS Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NCC.NS vs. TECHM.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NCC Limited (NCC.NS) and Tech Mahindra Limited (TECHM.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NCC.NS	TECHM.NS	Difference
Sharpe ratio: Return per unit of total volatility	-1.30	-0.06	-1.23
Sortino ratio: Return per unit of downside risk	-1.97	0.09	-2.06
Omega ratio: Gain probability vs. loss probability	0.78	1.01	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.83	-0.07	-0.76
Martin ratio: Return relative to average drawdown	-1.38	-0.13	-1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCC.NS vs. TECHM.NS - Sharpe Ratio Comparison

The current NCC.NS Sharpe Ratio is -1.30, which is lower than the TECHM.NS Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of NCC.NS and TECHM.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NCC.NS	TECHM.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.30	-0.06	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.43	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.50	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.41	-0.08

Drawdowns

NCC.NS vs. TECHM.NS - Drawdown Comparison

The maximum NCC.NS drawdown since its inception was -95.19%, which is greater than TECHM.NS's maximum drawdown of -89.43%. Use the drawdown chart below to compare losses from any high point for NCC.NS and TECHM.NS.

Drawdown Indicators

	NCC.NS	TECHM.NS	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-89.43%	-5.76%
Max Drawdown (1Y) Largest decline over 1 year	-44.88%	-24.69%	-20.19%
Max Drawdown (3Y) Largest decline over 3 years	-62.80%	-29.15%	-33.65%
Max Drawdown (5Y) Largest decline over 5 years	-62.80%	-46.57%	-16.23%
Max Drawdown (10Y) Largest decline over 10 years	-87.99%	-46.57%	-41.42%
Current Drawdown Current decline from peak	-58.26%	-15.90%	-42.36%
Average Drawdown Average peak-to-trough decline	-49.42%	-31.31%	-18.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.89%	13.43%	+13.46%

Volatility

NCC.NS vs. TECHM.NS - Volatility Comparison

The current volatility for NCC Limited (NCC.NS) is 8.28%, while Tech Mahindra Limited (TECHM.NS) has a volatility of 11.85%. This indicates that NCC.NS experiences smaller price fluctuations and is considered to be less risky than TECHM.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCC.NS	TECHM.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	11.85%	-3.57%
Volatility (6M) Calculated over the trailing 6-month period	23.26%	22.19%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	28.58%	26.13%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.78%	27.49%	+13.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.79%	29.04%	+18.75%

Dividends

NCC.NS vs. TECHM.NS - Dividend Comparison

NCC.NS's dividend yield for the trailing twelve months is around 1.50%, less than TECHM.NS's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCC.NS NCC Limited	1.50%	1.37%	0.80%	1.32%	2.38%	1.14%	0.35%	2.68%	1.13%	0.30%	0.74%	0.53%
TECHM.NS Tech Mahindra Limited	3.03%	2.83%	2.52%	3.46%	4.72%	2.51%	3.08%	1.84%	1.94%	1.79%	2.45%	1.15%

Financials

Frequently Asked Questions

Can I hold both NCC.NS and TECHM.NS in my portfolio?

NCC.NS and TECHM.NS have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.