NLC India Limited
₹227.90-₹9.70 (-4.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹35,415 Cr
- P/E
- 18.5x
- EV / EBITDA
- 8.5x
- Revenue
- ₹10,286 Cr
- Net margin
- 17.6%
- ROCE
- 12.6%
Price chart
Technical chartScreen technicals →-13.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.8%
- 3M
- -22.1%
- 6M
- -28.1%
- 1Y
- -13.6%
- 5Y
- +237.1%
52-week range
Day change -₹9.70 (-4.1%) from ₹238 to ₹228 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NLCINDIA, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 23.0%
Concerns1
- Other income is 66.3% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
NLC India Limited engages in the mining and power generation business in India. The company mines for lignite and coal; and generates power through lignite and coal, as well as through thermal, solar, and wind power plants. It also operates open cast lignite mines with a mining capacity of 28.0 million tonnes per annum (MTPA) in Tamil Nadu and 30.10 MTPA in Rajasthan; and has total coal mining capacity of 20.00 MTPA.
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NLC India Limited engages in the mining and power generation business in India. The company mines for lignite and coal; and generates power through lignite and coal, as well as through thermal, solar, and wind power plants. It also operates open cast lignite mines with a mining capacity of 28.0 million tonnes per annum (MTPA) in Tamil Nadu and 30.10 MTPA in Rajasthan; and has total coal mining capacity of 20.00 MTPA. In addition, it provides consultancy services to the mining sector and firms in the solar power generation sector. Further, the company has a total installed thermal power generation capacity of 5,300 MW; and renewable energy generation capacity of 1,483.89 MW. It serves state distribution firms, commercial enterprises, and industrial consumers. The company was formerly known as Neyveli Lignite Corporation Limited and changed its name to NLC India Limited in April 2016. The company was incorporated in 1956 and is based in Cuddalore, India.
- Sector
- Energy
- Shares outstanding
- 139 Cr shares
- ISIN
- INE589A01014
- BSE code
- 513683
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹35,415 Cr
- P/E
- 18.5x
- P/B
- 1.9x
- EV / EBITDA
- 8.5x
- EV / Sales
- 3.9x
- P/S
- 3.4x
- Earnings yield
- 5.4%
- 52-week high
- ₹371.15
- 52-week low
- ₹227.90
Profitability
- Operating margin
- 28.7%
- Net margin
- 17.6%
- EBITDA margin
- 46.3%
- ROE
- 11.5%
- ROCE
- 12.6%
- ROA
- 5.2%
- Dividend payout
- 23.0%
- Tax rate
- 34.0%
- Other income, % of PBT
- 66.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹10,286 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,873 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,141 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 34.5%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹390 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.2%
Solvency and efficiency
- Current ratio
- 1.35
- Debt / Equity
- 0.50
- Debt / Assets
- 0.23
- Debt / EBITDA
- 1.64
- Interest coverage
- 4.70
- Financial leverage
- 2.20
- CFO / Net profit
- 2.78
- Cash / Market cap
- 29.6%
- Cash per share
- ₹75.60
- Asset turnover
- 0.30
- Fixed asset turnover
- 0.58
- Capital intensity
- 1.72
- Debtor days
- 115 days
- Cash conversion cycle
- 115 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹18 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,931 Cr |
| Sales | Operating profit | ₹2,355 Cr |
| Operating profit | Interest | ₹562 Cr |
| Operating profit | Depreciation | ₹1,368 Cr |
| Operating profit | Profit before tax | ₹425 Cr |
| Other income | Profit before tax | ₹2,433 Cr |
| Profit before tax | Tax and other | ₹958 Cr |
| Profit before tax | Net profit | ₹1,900 Cr |
Revenue and net profit
Revenue fell 2.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹7,340 Cr | ₹1,010 Cr |
| FY2022 | ₹9,979 Cr | ₹1,237 Cr |
| FY2023 | ₹12,955 Cr | ₹1,248 Cr |
| FY2024 | ₹10,520 Cr | ₹1,847 Cr |
| FY2025 | ₹10,286 Cr | ₹1,900 Cr |
Cash flows
FY2025: ₹5,645 Cr from operations, ₹1,586 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,052 Cr | ₹3,241 Cr |
| FY2022 | ₹6,062 Cr | ₹5,939 Cr |
| FY2023 | ₹3,823 Cr | ₹1,935 Cr |
| FY2024 | ₹5,141 Cr | ₹2,997 Cr |
| FY2025 | ₹5,645 Cr | ₹1,586 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹10,286 Cr-2.2%1Y
- Net profit
- ₹1,900 Cr+2.9%1Y
- Cash from operations
- ₹5,645 Cr
- Free cash flow
- ₹1,586 Cr-47.1%1Y
- Revenue CAGR, 5Y
- 5.8%
- EBITDA CAGR, 5Y
- 4.1%
- Net profit CAGR, 5Y
- 5.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹10,286 Cr | ₹2,355 Cr | — | ₹1,900 Cr | ₹5,645 Cr | ₹1,586 Cr | 10.9% | -2.2% | +2.9% |
Monthly returns
Month-by-month returns of NLCINDIA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹36,325 Cr |
| Equity capital | ₹1,387 Cr |
| Reserves | ₹16,079 Cr |
| Borrowings | ₹7,561 Cr |
| Other liabilities | ₹11,299 Cr |
| Assets | ₹36,325 Cr |
| Fixed assets | ₹17,664 Cr |
| Capital work in progress | ₹4,320 Cr |
| Investments | ₹5,092 Cr |
| Other assets | ₹9,250 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NLCINDIA trades at 18.5x earnings against a peer median of 24.8x (a 25% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| NLC India LimitedNLCINDIAthis companyP/E ↓ discount | ₹35,415 Cr | 18.5x | 1.9x | 11.5% | 8.5x |
| ADANI TOTAL GAS LIMITEDATGL | ₹61,127 Cr | 99.1x | 13.6x | 18.3% | 54.2x |
| PETRONET LNG LTD.PETRONET | ₹43,065 Cr | 12.0x | 2.1x | 20.8% | 7.4x |
| Premier Energies LimitedPREMIERENE | ₹33,913 Cr | 191.0x | 18.2x | 1.5% | 967.5x |
| SJVN LIMITEDSJVN | ₹31,207 Cr | 39.0x | 2.1x | 6.5% | 18.0x |
| Gujarat Gas LimitedGUJGASLTD | ₹28,087 Cr | 25.2x | 3.2x | 14.9% | 13.4x |
| Mangalore Refinery & PetrochemicalsMRPL | ₹25,464 Cr | 24.6x | 1.9x | 27.1% | 4.5x |
| Indraprashtha Gas Ltd.IGL | ₹25,331 Cr | 18.6x | 2.6x | 20.4% | 9.0x |
| CESC LimitedCESC | ₹21,217 Cr | 25.2x | 2.1x | 7.8% | 11.6x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
NLCINDIA since 1 January, against earlier years.
Historical volatility
NLCINDIA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 28.0% |
| FY2022 | 37.0% |
| FY2023 | 38.0% |
| FY2024 | 29.0% |
| FY2025 | 23.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹10,286 Cr |
| Costs | |
| Interest | ₹562 Cr |
| Expenses | ₹7,931 Cr |
| Operating profitOperating Profit | ₹2,355 Cr |
| Other income and charges | |
| Profit before tax | ₹2,858 Cr |
| Tax | |
| Net profitNet Profit | ₹1,900 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹36,325 Cr |
| Equity capitalEquity Capital | ₹1,387 Cr |
| Reserves | ₹16,079 Cr |
| Borrowings | ₹7,561 Cr |
| Other liabilitiesOther Liabilities | ₹11,299 Cr |
| AssetsTotal Assets | ₹36,325 Cr |
| Fixed assetsFixed Assets | ₹17,664 Cr |
| Capital work in progressCWIP | ₹4,320 Cr |
| Investments | ₹5,092 Cr |
| Other assetsOther Assets | ₹9,250 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹5,645 Cr |
| Investing cash flowCash from Investing Activity | -₹4,059 Cr |
| Financing cash flowCash from Financing Activity | -₹1,976 Cr |
| Change in cashNet Cash Flow | -₹390 Cr |
Learn while you research
Academy chapters picked for NLC India Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read