NLC India Ltd
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)
- Market Cap ₹ 32,332 Cr.
- Current Price ₹ 233
- High / Low ₹ 312 / 186
- Stock P/E 17.0
- Book Value ₹ 126
- Dividend Yield 1.29 %
- ROCE 14.0 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 27.8%
- Debtor days have improved from 96.2 to 66.8 days.
- Company's working capital requirements have reduced from 98.0 days to 28.6 days
Cons
- The company has delivered a poor sales growth of 5.36% over past five years.
- Company has a low return on equity of 11.2% over last 3 years.
- Contingent liabilities of Rs.11,566 Cr.
- Earnings include an other income of Rs.2,376 Cr.
- Promoter holding has decreased over last 3 years: -7.00%
* 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.
Peer comparison
Utilities Power Power Power Generation
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Energy
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,945 | 6,074 | 6,561 | 8,561 | 8,496 | 7,146 | 7,921 | 7,340 | 9,979 | 12,955 | 10,519 | 10,286 | |
4,025 | 4,524 | 4,381 | 4,308 | 5,511 | 5,632 | 5,029 | 5,269 | 6,322 | 7,993 | 7,476 | 7,874 | |
Operating Profit | 1,920 | 1,550 | 2,180 | 4,253 | 2,986 | 1,514 | 2,891 | 2,071 | 3,657 | 4,962 | 3,043 | 2,412 |
OPM % | 32% | 26% | 33% | 50% | 35% | 21% | 36% | 28% | 37% | 38% | 29% | 23% |
988 | 1,424 | -400 | -1,247 | 721 | 1,758 | 1,092 | 1,863 | 1,262 | -1,062 | 1,830 | 2,376 | |
Interest | 182 | 150 | 188 | 169 | 205 | 390 | 820 | 981 | 784 | 756 | 643 | 562 |
Depreciation | 517 | 441 | 641 | 683 | 861 | 746 | 958 | 1,232 | 1,528 | 1,420 | 1,442 | 1,368 |
Profit before tax | 2,209 | 2,383 | 950 | 2,154 | 2,641 | 2,136 | 2,205 | 1,722 | 2,606 | 1,724 | 2,788 | 2,858 |
Tax % | 32% | 34% | 76% | -10% | 30% | 41% | 36% | 41% | 53% | 28% | 34% | 34% |
1,502 | 1,580 | 228 | 2,369 | 1,849 | 1,267 | 1,414 | 1,010 | 1,237 | 1,248 | 1,847 | 1,900 | |
EPS in Rs | 8.95 | 9.42 | 1.36 | 15.50 | 12.09 | 9.14 | 10.20 | 7.29 | 8.92 | 9.00 | 13.32 | 13.70 |
Dividend Payout % | 31% | 30% | 221% | 47% | 37% | 50% | 69% | 34% | 17% | 39% | 23% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 1% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 5% |
3 Years: | 27% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 40% |
3 Years: | 45% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,678 | 1,678 | 1,678 | 1,529 | 1,529 | 1,387 | 1,387 | 1,387 | 1,387 | 1,387 | 1,387 | 1,387 |
Reserves | 12,226 | 13,199 | 11,248 | 10,670 | 11,806 | 11,125 | 11,253 | 11,572 | 12,420 | 13,252 | 14,607 | 16,079 |
3,150 | 3,164 | 3,555 | 6,959 | 8,720 | 13,166 | 16,784 | 14,922 | 10,266 | 9,376 | 8,005 | 7,561 | |
3,396 | 3,326 | 7,207 | 8,358 | 10,459 | 9,009 | 9,043 | 9,222 | 9,600 | 11,237 | 11,197 | 11,254 | |
Total Liabilities | 20,450 | 21,367 | 23,687 | 27,516 | 32,514 | 34,687 | 38,466 | 37,102 | 33,673 | 35,251 | 35,195 | 36,281 |
6,471 | 6,426 | 9,654 | 9,625 | 10,574 | 11,684 | 18,308 | 20,162 | 19,185 | 18,732 | 18,133 | 17,664 | |
CWIP | 3,701 | 4,406 | 2,457 | 5,115 | 7,075 | 8,853 | 4,211 | 1,121 | 1,126 | 1,012 | 1,923 | 4,320 |
Investments | 1,617 | 1,934 | 1,949 | 2,421 | 2,421 | 2,824 | 3,519 | 3,622 | 3,933 | 4,196 | 4,640 | 5,092 |
8,662 | 8,601 | 9,626 | 10,354 | 12,443 | 11,326 | 12,427 | 12,197 | 9,430 | 11,311 | 10,499 | 9,205 | |
Total Assets | 20,450 | 21,367 | 23,687 | 27,516 | 32,514 | 34,687 | 38,466 | 37,102 | 33,673 | 35,251 | 35,195 | 36,281 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,211 | 850 | 1,314 | 810 | 3,761 | 499 | 1,168 | 4,052 | 6,062 | 3,823 | 5,266 | 5,645 | |
-640 | -830 | -1,154 | -3,581 | -3,099 | -3,183 | -3,146 | -811 | -123 | -1,888 | -2,269 | -4,059 | |
-1,179 | -1,014 | -326 | 13 | -672 | 2,686 | 1,977 | -3,101 | -5,968 | -1,987 | -2,514 | -1,976 | |
Net Cash Flow | 1,392 | -993 | -166 | -2,759 | -9 | 1 | -1 | 139 | -29 | -52 | 483 | -390 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 135 | 137 | 168 | 160 | 145 | 235 | 308 | 279 | 114 | 107 | 115 | 67 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 135 | 137 | 168 | 160 | 145 | 235 | 308 | 279 | 114 | 107 | 115 | 67 |
Working Capital Days | 92 | 153 | 181 | 234 | 239 | 220 | 237 | 323 | 136 | 152 | 113 | 29 |
ROCE % | 15% | 12% | 12% | 24% | 14% | 11% | 11% | 9% | 11% | 20% | 10% | 14% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015.
14m - NLC India forms 74% JV with RVUNL to develop lignite mines and thermal power station.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015.
3h - NLC India forms 74:26 JV with RVUNL for green energy projects, incorporated on 2 June 2025.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
30 May - NLC fined Rs.13.92L each by NSE & BSE for board composition non-compliance; rectified by govt appointments.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Audio recording link of NLC India Institutional Investors Meet on May 29, 2025 shared.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 May - NLC India JV with MAHAPREIT to develop up to 5000 MW renewable energy projects in Maharashtra.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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May 2025TranscriptNotesPPT
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May 2023Transcript PPT
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Nov 2022TranscriptPPT
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Sep 2020TranscriptPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptPPT
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May 2019TranscriptPPT
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Mar 2019Transcript PPT
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Nov 2018Transcript PPT
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Sep 2018Transcript PPT
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Mar 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Jul 2017TranscriptNotesPPT
A Navaratna Company
The company is a Navratna Government corporation engaged in the fossil fuel mining sector and the thermal power generation business under the ownership of the Ministry of Coal, Government of India. [1]