NLC India Ltd

NLC India Ltd

₹ 230 2.48%
15 May - close price
About

NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources.(Source : 202003 Annual Report Page No:89)

Key Points

A Navaratna Company[1] NLC India Limited (NLC) (formerly Neyveli Lignite Corporation Limited) is a Navratna Government corporation in the fossil fuel mining sector in India and thermal power generation under the ownership of the Ministry of Coal, Government of India.

  • Market Cap 31,830 Cr.
  • Current Price 230
  • High / Low 294 / 85.0
  • Stock P/E 17.2
  • Book Value 115
  • Dividend Yield 1.52 %
  • ROCE 14.3 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 26.1%

Cons

  • Promoter holding has decreased over last quarter: -7.00%
  • The company has delivered a poor sales growth of 8.04% over past five years.
  • Company has a low return on equity of 11.4% over last 3 years.
  • Earnings include an other income of Rs.1,826 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,171 2,360 2,494 2,424 2,579 3,094 2,753 2,812 4,296 2,601 2,471 2,516 2,931
1,543 1,597 1,499 1,605 1,707 1,906 1,755 3,349 3,335 1,661 1,746 1,758 2,638
Operating Profit 628 763 995 819 873 1,188 998 -536 961 940 725 758 293
OPM % 29% 32% 40% 34% 34% 38% 36% -19% 22% 36% 29% 30% 10%
906 206 898 52 312 82 129 347 731 89 1,525 101 443
Interest 232 210 218 186 170 171 254 169 162 174 162 156 151
Depreciation 342 335 329 344 520 342 338 366 374 367 361 351 363
Profit before tax 961 424 1,346 341 495 757 535 -724 1,156 488 1,727 351 222
Tax % 35% 37% 78% 33% 11% 33% 31% 45% 33% 32% 35% 37% 22%
623 267 300 230 440 506 367 -399 774 331 1,121 221 173
EPS in Rs 4.50 1.93 2.17 1.66 3.17 3.65 2.65 -2.88 5.58 2.39 8.09 1.59 1.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,580 5,945 6,074 6,561 8,561 8,496 7,146 7,921 7,340 9,979 12,955 10,519
3,583 4,025 4,524 4,381 4,308 5,511 5,632 5,167 5,269 6,322 7,993 7,472
Operating Profit 1,997 1,920 1,550 2,180 4,253 2,986 1,514 2,754 2,071 3,657 4,962 3,046
OPM % 36% 32% 26% 33% 50% 35% 21% 35% 28% 37% 38% 29%
757 988 1,424 -400 -1,247 721 1,758 1,230 1,863 1,262 -1,062 1,826
Interest 193 182 150 188 169 205 390 820 981 784 756 643
Depreciation 512 517 441 641 683 861 746 958 1,232 1,528 1,420 1,442
Profit before tax 2,048 2,209 2,383 950 2,154 2,641 2,136 2,205 1,722 2,606 1,724 2,788
Tax % 29% 32% 34% 76% -10% 30% 41% 36% 41% 53% 28% 34%
1,460 1,502 1,580 228 2,369 1,849 1,267 1,414 1,010 1,237 1,248 1,847
EPS in Rs 8.70 8.95 9.42 1.36 15.50 12.09 9.14 10.20 7.29 8.92 9.00 13.32
Dividend Payout % 32% 31% 30% 221% 47% 37% 50% 69% 34% 17% 39% 23%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 13%
TTM: -19%
Compounded Profit Growth
10 Years: 2%
5 Years: 7%
3 Years: 26%
TTM: -12%
Stock Price CAGR
10 Years: 10%
5 Years: 29%
3 Years: 55%
1 Year: 169%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 11%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,678 1,678 1,678 1,678 1,529 1,529 1,387 1,387 1,387 1,387 1,387 1,387
Reserves 11,274 12,226 13,199 11,248 10,670 11,806 11,125 11,253 11,572 12,420 13,252 14,607
3,524 3,150 3,164 3,555 6,959 8,720 13,166 16,784 14,922 10,266 9,376 8,005
3,043 3,396 3,326 7,207 8,358 10,459 9,009 9,043 9,222 9,600 11,237 11,154
Total Liabilities 19,518 20,450 21,367 23,687 27,516 32,514 34,687 38,466 37,102 33,673 35,251 35,153
6,635 6,471 6,426 9,654 9,625 10,574 11,684 18,308 20,162 19,185 18,732 18,133
CWIP 3,146 3,701 4,406 2,457 5,115 7,075 8,853 4,211 1,121 1,126 1,012 1,923
Investments 1,432 1,617 1,934 1,949 2,421 2,421 2,824 3,519 3,622 3,933 4,196 4,640
8,304 8,662 8,601 9,626 10,354 12,443 11,326 12,427 12,197 9,430 11,311 10,456
Total Assets 19,518 20,450 21,367 23,687 27,516 32,514 34,687 38,466 37,102 33,673 35,251 35,153

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,222 3,211 850 1,314 810 3,761 499 1,168 4,052 6,062 3,479
-327 -640 -830 -1,154 -3,581 -3,099 -3,183 -3,146 -811 -123 -1,544
-1,357 -1,179 -1,014 -326 13 -672 2,686 1,977 -3,101 -5,968 -1,987
Net Cash Flow -462 1,392 -993 -166 -2,759 -9 1 -1 139 -29 -52

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 249 135 137 168 160 145 235 308 279 114 107 115
Inventory Days
Days Payable
Cash Conversion Cycle 249 135 137 168 160 145 235 308 279 114 107 115
Working Capital Days 190 92 153 181 234 239 220 237 323 136 148 110
ROCE % 13% 15% 12% 12% 24% 14% 11% 11% 9% 11% 20%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
79.20% 79.20% 79.20% 79.20% 79.20% 79.20% 79.20% 79.20% 79.20% 79.20% 79.20% 72.20%
0.41% 0.56% 0.62% 1.05% 1.21% 1.16% 0.83% 0.67% 0.81% 0.95% 1.21% 2.39%
6.87% 6.57% 6.16% 5.71% 5.49% 5.33% 5.88% 6.89% 8.02% 9.18% 8.85% 13.38%
4.31% 4.31% 4.31% 4.31% 4.31% 4.31% 4.31% 4.31% 4.31% 4.31% 4.31% 4.31%
9.22% 9.37% 9.71% 9.74% 9.79% 10.02% 9.79% 8.94% 7.66% 6.37% 6.44% 7.73%
No. of Shareholders 1,69,5681,74,6332,01,6281,94,1111,99,7661,92,4261,86,3441,82,4501,68,9391,69,6001,90,1642,58,498

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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