NLC India Ltd

NLC India Ltd

₹ 234 -0.36%
24 Jun - 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 32,415 Cr.
  • Current Price 234
  • High / Low 294 / 96.2
  • Stock P/E 17.5
  • Book Value 119
  • Dividend Yield 1.50 %
  • ROCE 9.13 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 25.4%

Cons

  • Promoter holding has decreased over last quarter: -7.00%
  • The company has delivered a poor sales growth of 5.66% over past five years.
  • Company has a low return on equity of 11.0% over last 3 years.
  • Contingent liabilities of Rs.11,582 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2,020 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,840 3,036 3,094 2,732 3,086 3,863 3,489 3,679 5,134 3,316 2,978 3,164 3,541
1,994 2,060 1,880 1,828 2,018 2,455 2,310 3,957 3,898 2,123 2,143 2,260 3,208
Operating Profit 845 977 1,213 904 1,068 1,408 1,179 -278 1,236 1,194 835 905 333
OPM % 30% 32% 39% 33% 35% 36% 34% -8% 24% 36% 28% 29% 9%
1,016 284 777 101 171 103 207 300 713 112 1,535 149 494
Interest 306 268 269 232 215 221 337 232 221 231 214 205 199
Depreciation 440 429 423 438 618 436 434 460 472 461 455 446 462
Profit before tax 1,114 563 1,298 335 407 854 616 -670 1,256 614 1,701 402 165
Tax % 35% 37% 85% 31% 19% 33% 32% 41% 33% 33% 36% 37% 31%
726 358 197 230 331 569 417 -396 837 414 1,086 254 114
EPS in Rs 5.20 2.51 1.34 1.67 2.37 4.05 2.96 -2.93 5.98 2.92 7.82 1.81 0.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 6,075 7,828 11,094 11,289 9,871 10,325 9,936 12,070 16,165 12,999
3,588 4,013 4,535 5,334 5,998 7,401 7,614 6,904 7,320 8,119 10,452 9,463
Operating Profit 1,992 1,932 1,540 2,494 5,097 3,887 2,257 3,420 2,616 3,951 5,714 3,536
OPM % 36% 32% 25% 32% 46% 34% 23% 33% 26% 33% 35% 27%
760 976 1,434 -412 -1,176 713 2,125 1,433 2,531 1,544 -845 2,020
Interest 193 182 150 467 588 548 700 1,174 1,313 984 1,012 849
Depreciation 512 517 441 910 1,044 1,232 1,121 1,334 1,611 1,909 1,801 1,825
Profit before tax 2,046 2,209 2,383 705 2,289 2,821 2,561 2,345 2,223 2,603 2,056 2,882
Tax % 29% 32% 34% 90% -7% 31% 40% 38% 41% 57% 31% 35%
1,458 1,502 1,580 68 2,457 1,957 1,537 1,453 1,314 1,116 1,426 1,868
EPS in Rs 8.69 8.95 9.42 0.51 16.01 12.71 10.87 10.39 9.24 7.88 10.07 13.37
Dividend Payout % 32% 31% 30% 588% 46% 35% 42% 68% 27% 19% 35% 22%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 9%
TTM: -20%
Compounded Profit Growth
10 Years: 2%
5 Years: 4%
3 Years: 18%
TTM: -18%
Stock Price CAGR
10 Years: 9%
5 Years: 29%
3 Years: 55%
1 Year: 138%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 11,272 12,225 13,198 11,104 10,598 11,823 11,383 11,518 12,098 12,803 13,782 15,144
6,414 6,587 6,601 8,423 11,479 13,215 20,598 27,230 27,234 22,086 22,333 22,415
3,859 4,226 4,279 8,488 9,888 11,880 11,917 12,493 12,594 13,542 15,605 15,995
Total Liabilities 23,223 24,716 25,756 29,693 33,493 38,448 45,285 52,628 53,313 49,818 53,107 54,942
6,703 6,548 6,655 16,327 15,997 16,765 17,658 24,109 25,824 24,875 24,058 23,391
CWIP 7,731 9,372 10,985 2,542 5,219 8,397 13,856 12,662 11,597 13,022 14,636 17,726
Investments 310 206 103 13 13 13 13 14 14 7 8 8
8,480 8,590 8,014 10,812 12,265 13,273 13,759 15,844 15,879 11,914 14,405 13,817
Total Assets 23,223 24,716 25,756 29,693 33,493 38,448 45,285 52,628 53,313 49,818 53,107 54,942

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,207 3,737 1,036 1,301 1,225 4,533 1,620 1,647 4,390 7,746 3,761 5,624
-1,108 -1,393 -502 -1,380 -4,332 -4,593 -6,119 -5,812 -2,212 -763 -2,089 -3,151
-569 -946 -1,231 63 -68 98 4,416 4,163 -2,037 -7,001 -1,735 -1,985
Net Cash Flow -471 1,398 -696 -16 -3,174 39 -83 -2 140 -18 -62 487

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 249 135 137 174 158 147 229 301 276 112 96 106
Inventory Days
Days Payable
Cash Conversion Cycle 249 135 137 174 158 147 229 301 276 112 96 106
Working Capital Days 175 46 82 104 173 139 132 198 295 128 139 102
ROCE % 11% 12% 10% 10% 21% 13% 11% 9% 8% 8% 13%

Shareholding Pattern

Numbers in percentages

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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