NLC India Ltd

₹ 78.0 -0.13%
31 Jan - 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 10,823 Cr.
  • Current Price 78.0
  • High / Low 95.3 / 56.0
  • Stock P/E 6.84
  • Book Value 108
  • Dividend Yield 3.84 %
  • ROCE 8.03 %
  • ROE 5.49 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.72 times its book value
  • Company has been maintaining a healthy dividend payout of 38.0%
  • Debtor days have improved from 230 to 112 days.
  • Company's working capital requirements have reduced from 207 days to 128 days

Cons

  • The company has delivered a poor sales growth of 1.70% over past five years.
  • Company has a low return on equity of 8.14% over last 3 years.
  • Contingent liabilities of Rs.7,654 Cr.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2,426 2,743 3,069 2,699 2,093 2,215 2,840 3,036 3,094 2,732 3,086 3,863 3,489
1,727 1,750 1,882 1,738 1,573 1,738 1,994 2,060 1,880 1,828 2,018 2,455 2,310
Operating Profit 700 993 1,188 961 519 477 845 977 1,213 904 1,068 1,408 1,179
OPM % 29% 36% 39% 36% 25% 22% 30% 32% 39% 33% 35% 36% 34%
345 350 395 334 484 512 1,016 284 777 101 171 103 207
Interest 287 283 355 362 330 315 306 268 269 232 215 221 337
Depreciation 289 331 450 402 384 385 440 429 423 438 618 436 434
Profit before tax 469 729 778 532 289 288 1,114 563 1,298 335 407 854 616
Tax % 42% 45% 36% 35% 79% 36% 35% 37% 85% 31% 19% 33% 32%
Net Profit 271 400 498 343 62 183 726 358 197 230 331 569 417
EPS in Rs 1.92 2.88 3.51 2.44 0.37 1.23 5.20 2.51 1.34 1.67 2.37 4.05 2.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
4,289 4,912 5,580 5,945 6,075 7,828 11,094 11,289 9,871 10,325 9,936 12,070 13,170
2,676 3,260 3,588 4,013 4,535 5,334 5,998 7,401 7,614 6,904 7,320 8,119 8,610
Operating Profit 1,613 1,652 1,992 1,932 1,540 2,494 5,097 3,887 2,257 3,420 2,616 3,951 4,560
OPM % 38% 34% 36% 32% 25% 32% 46% 34% 23% 33% 26% 33% 35%
597 918 760 976 1,434 -412 -1,176 713 2,125 1,433 2,531 1,544 582
Interest 113 150 193 182 150 467 588 548 700 1,174 1,313 984 1,005
Depreciation 413 436 512 517 441 910 1,044 1,232 1,121 1,334 1,611 1,909 1,926
Profit before tax 1,684 1,984 2,046 2,209 2,383 705 2,289 2,821 2,561 2,345 2,223 2,603 2,212
Tax % 23% 29% 29% 32% 34% 90% -7% 31% 40% 38% 41% 57%
Net Profit 1,298 1,411 1,458 1,502 1,580 68 2,457 1,957 1,537 1,453 1,314 1,116 1,547
EPS in Rs 7.74 8.41 8.69 8.95 9.42 0.51 16.01 12.71 10.87 10.39 9.24 7.88 11.05
Dividend Payout % 30% 33% 32% 31% 30% 588% 46% 35% 42% 68% 27% 19%
Compounded Sales Growth
10 Years: 9%
5 Years: 2%
3 Years: 7%
TTM: 18%
Compounded Profit Growth
10 Years: -6%
5 Years: -29%
3 Years: -21%
TTM: 18%
Stock Price CAGR
10 Years: -1%
5 Years: -5%
3 Years: 11%
1 Year: 19%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 8%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
1,678 1,678 1,678 1,678 1,678 1,678 1,529 1,529 1,387 1,387 1,387 1,387 1,387
Reserves 9,497 10,362 11,272 12,225 13,198 11,104 10,598 11,823 11,383 11,518 12,098 12,803 13,568
5,114 5,758 6,414 6,587 6,601 8,423 11,479 13,215 20,598 27,230 27,234 22,086 22,144
3,480 3,746 3,859 4,226 4,279 8,488 9,888 11,880 11,917 12,493 12,594 13,542 14,506
Total Liabilities 19,768 21,544 23,223 24,716 25,756 29,693 33,493 38,448 45,285 52,628 53,313 49,818 51,605
6,873 6,804 6,703 6,548 6,655 16,327 15,997 16,765 17,658 24,109 25,824 24,875 24,636
CWIP 4,123 5,932 7,731 9,372 10,985 2,542 5,219 8,397 13,856 12,662 11,597 13,022 13,455
Investments 516 413 310 206 103 13 13 13 13 14 14 7 7
8,256 8,395 8,480 8,590 8,014 10,812 12,265 13,273 13,759 15,844 15,879 11,914 13,507
Total Assets 19,768 21,544 23,223 24,716 25,756 29,693 33,493 38,448 45,285 52,628 53,313 49,818 51,605

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
183 -27 1,207 3,737 1,036 1,301 1,225 4,533 1,620 1,647 4,390 7,770
-757 -767 -1,108 -1,393 -502 -1,380 -4,332 -4,593 -6,119 -5,812 -2,212 -763
171 -283 -569 -946 -1,231 63 -68 98 4,416 4,163 -2,037 -7,025
Net Cash Flow -403 -1,077 -471 1,398 -696 -16 -3,174 39 -83 -2 140 -18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 187 271 249 135 137 174 158 147 229 301 276 112
Inventory Days
Days Payable
Cash Conversion Cycle 187 271 249 135 137 174 158 147 229 301 276 112
Working Capital Days 20 129 175 46 82 104 173 139 132 198 295 128
ROCE % 12% 12% 11% 12% 10% 10% 21% 13% 11% 9% 8% 8%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20 79.20
0.46 0.43 0.44 0.42 0.40 0.41 0.56 0.62 1.05 1.21 1.16 0.83
12.13 11.51 11.42 10.91 9.41 6.87 6.57 6.16 5.71 5.49 5.33 5.88
4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31
3.91 4.56 4.63 5.16 6.68 9.22 9.37 9.71 9.74 9.79 10.02 9.79

* 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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