NLC India Ltd

About [ edit ]

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 8,486 Cr.
  • Current Price 61.2
  • High / Low 73.9 / 40.2
  • Stock P/E 7.92
  • Book Value 96.1
  • Dividend Yield 11.5 %
  • ROCE 9.58 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.64 times its book value
  • Stock is providing a good dividend yield of 11.54%.
  • Company has been maintaining a healthy dividend payout of 48.33%

Cons

  • The company has delivered a poor sales growth of 11.19% over past five years.
  • Company has a low return on equity of 12.59% for last 3 years.
  • Contingent liabilities of Rs.5918.27 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1723.93 Cr.
  • Company has high debtors of 300.83 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,438 2,284 2,686 2,463 2,082 2,426 2,743 3,069 2,699 2,093 2,215
1,853 1,668 1,913 2,143 1,551 1,727 1,750 1,882 1,738 1,573 1,738
Operating Profit 585 617 772 320 532 700 993 1,188 961 519 477
OPM % 24% 27% 29% 13% 26% 29% 36% 39% 36% 25% 22%
Other Income 373 278 176 1,261 351 345 350 395 334 484 512
Interest 143 150 175 233 250 287 283 355 362 330 315
Depreciation 279 297 270 275 264 289 331 450 402 384 385
Profit before tax 536 448 504 1,074 369 469 729 778 532 289 288
Tax % 32% 26% 31% 54% 23% 42% 45% 36% 35% 79% 36%
Net Profit 355 331 347 473 288 266 399 487 338 51 171
EPS in Rs 2.32 2.16 2.50 3.41 2.08 1.92 2.88 3.51 2.44 0.37 1.23

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,316 4,078 4,289 4,912 5,580 5,945 6,075 7,828 11,094 11,289 9,871 10,325 10,076
1,777 2,710 2,676 3,178 3,662 4,013 4,188 5,336 5,998 7,341 7,614 6,907 6,931
Operating Profit 1,539 1,368 1,613 1,734 1,918 1,932 1,887 2,492 5,097 3,947 2,257 3,418 3,145
OPM % 46% 34% 38% 35% 34% 32% 31% 32% 46% 35% 23% 33% 31%
Other Income -18 599 597 836 833 976 1,086 -410 -1,176 653 2,125 1,436 1,724
Interest 8 34 113 150 193 182 150 467 588 548 700 1,174 1,361
Depreciation 467 329 413 436 512 517 441 910 1,044 1,232 1,121 1,334 1,621
Profit before tax 1,046 1,605 1,684 1,984 2,046 2,209 2,383 705 2,289 2,821 2,561 2,345 1,887
Tax % 22% 22% 23% 29% 29% 32% 34% 90% -7% 31% 40% 38%
Net Profit 821 1,247 1,298 1,411 1,458 1,502 1,580 86 2,447 1,943 1,508 1,441 1,047
EPS in Rs 4.89 7.44 7.74 8.41 8.69 8.95 9.42 0.51 16.01 12.71 10.87 10.39 7.55
Dividend Payout % 41% 27% 30% 33% 32% 31% 30% 588% 46% 35% 42% 68%
Compounded Sales Growth
10 Years:10%
5 Years:11%
3 Years:-2%
TTM:4%
Compounded Profit Growth
10 Years:1%
5 Years:1%
3 Years:-30%
TTM:-25%
Stock Price CAGR
10 Years:-5%
5 Years:-2%
3 Years:-9%
1 Year:47%
Return on Equity
10 Years:13%
5 Years:14%
3 Years:13%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1,678 1,678 1,678 1,678 1,678 1,678 1,678 1,678 1,529 1,529 1,387 1,387 1,387
Reserves 7,792 8,647 9,497 10,362 11,272 12,225 13,198 11,104 10,598 11,823 11,383 11,518 11,934
Borrowings 4,210 4,349 5,114 5,758 6,414 6,587 6,601 8,423 11,479 13,215 20,598 27,230 26,947
3,548 3,783 3,480 3,746 3,859 4,226 4,279 8,488 9,888 11,880 11,917 13,361 14,806
Total Liabilities 17,228 18,457 19,768 21,544 23,223 24,716 25,756 29,693 33,493 38,448 45,285 53,496 55,073
4,503 5,283 6,873 6,804 6,703 6,548 6,655 16,327 15,997 16,765 17,658 24,109 23,690
CWIP 4,353 4,756 4,123 5,932 7,731 9,372 10,985 2,542 5,219 8,397 13,856 12,662 13,528
Investments 722 619 516 413 310 206 103 13 13 13 13 14 43
7,649 7,799 8,256 8,395 8,480 8,590 8,014 10,812 12,265 13,273 13,759 16,712 17,813
Total Assets 17,228 18,457 19,768 21,544 23,223 24,716 25,756 29,693 33,493 38,448 45,285 53,496 55,073

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
587 532 183 -27 1,207 3,737 1,036 1,301 1,225 4,533 1,620 1,647
-866 -443 -757 -767 -1,108 -1,393 -502 -1,380 -4,332 -4,593 -6,119 -5,812
1,036 -744 171 -283 -569 -946 -1,231 63 -68 98 4,416 4,163
Net Cash Flow 757 -656 -403 -1,077 -471 1,398 -696 -16 -3,174 39 -83 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 12% 12% 11% 12% 10% 10% 21% 13% 11% 10%
Debtor Days 86 144 187 271 249 135 137 174 158 147 229 301
Inventory Turnover 0.17 0.17 0.19 0.02 0.04 -0.10 0.56 0.61 0.82 1.11 1.09

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
83.93 83.94 82.80 81.91 81.91 80.85 80.70 79.20 79.20 79.20 79.20 79.20
0.32 0.25 0.31 0.39 0.37 0.34 0.41 0.46 0.43 0.44 0.42 0.40
9.05 9.03 9.77 10.23 9.73 11.25 11.18 12.13 11.51 11.42 10.91 9.41
3.92 3.91 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31 4.31
2.78 2.87 2.82 3.17 3.69 3.25 3.40 3.91 4.56 4.63 5.16 6.68

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