NLC India Limited (NLCINDIA) AI Stock Analysis

• Market Cap: ₹363.44B
• Dividend Yield: 1.23%
• Average Volume (3M): 250.76K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.68
• Revenue Growth: 18.29%
• EPS Growth: 42.31%
• Country: IN
• Employees: 10,368
• Sector: Energy
• Sector Strength: 52
• Industry: Regulated Electric
• EPS (TTM): 3.50
• Shares Outstanding: 1,386,636,700
• 10 Day Avg. Volume: 192,573
• 30 Day Avg. Volume: 250,756
• PEG Ratio: 0.31
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 2.21
• P/FCF Ratio: 20.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹293.00 ▲(20.23% Upside)

NLC India's stock score is driven primarily by its strong financial performance and fair valuation. The company's robust revenue growth and profitability metrics are positive, but the high debt load is a concern. Technical indicators present a mixed picture, with some bullish signals tempered by oversold conditions. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

The company's robust revenue growth indicates a successful expansion of its operations and market reach, enhancing its ability to generate consistent income over the long term.

Renewable Energy Development

NLC India's investment in solar and wind energy projects aligns with global trends towards sustainable energy, positioning the company for future growth as demand for clean energy increases.

Stable Cash Flow

Strong operating cash flow supports the company's ability to fund operations and investments, ensuring financial stability and the capacity to pursue growth opportunities.

Negative Factors

High Debt Load

The significant debt level could strain financial resources, especially if interest rates rise or cash flows decrease, potentially impacting long-term financial flexibility.

Volatility in Margins

Fluctuations in operating margins suggest potential operational challenges, which could affect profitability and indicate inefficiencies that need addressing for sustained growth.

Declining Free Cash Flow Growth

A declining trend in free cash flow growth may limit the company's ability to invest in new projects or expand operations, potentially hindering future growth prospects.

NLC India Limited Business Overview & Revenue Model

Company Description

NLC India Limited (NLCINDIA) is a public sector enterprise in India, primarily engaged in the generation of electricity through thermal and renewable sources. The company operates in the coal mining sector, extracting lignite for use in its power generation plants. NLCINDIA is also involved in the development of solar and wind energy projects, contributing to India's transition towards sustainable energy. With a diverse portfolio, the company plays a crucial role in meeting the energy demands of the nation while focusing on environmentally sustainable practices.

How the Company Makes Money

NLC India Limited generates revenue primarily through the sale of electricity produced from its thermal power plants, which harness lignite and coal as fuel sources. The company's revenue model is bolstered by long-term Power Purchase Agreements (PPAs) with state electricity boards and private entities, ensuring a steady income stream. Additionally, NLCINDIA earns revenue from its coal mining operations, supplying lignite to other power producers. The company's investments in renewable energy projects, such as solar and wind farms, also contribute to its earnings, especially as the demand for clean energy increases. Partnerships with governmental organizations and private sector players for infrastructure development and energy projects further enhance its revenue potential.

NLC India Limited Financial Statement Overview

Summary

NLC India Limited demonstrates strong revenue growth and efficient profitability metrics, with a stable balance sheet position. The company effectively manages its debt levels, but the high debt load remains a potential risk. Cash flows are generally positive, supporting ongoing operations and investments.

Income Statement

NLC India Limited has shown a strong financial performance with a notable increase in total revenue from previous periods. The gross profit margin has been consistently high, indicating efficient cost management. Net income has also increased, resulting in a strong net profit margin. However, there is volatility in EBIT and EBITDA margins, which could suggest operational challenges or fluctuations in expenses.

Balance Sheet

The company maintains a balanced debt-to-equity ratio, reflecting prudent financial leverage. The return on equity has improved, indicating better profitability for shareholders. The equity ratio is stable, suggesting a solid balance between assets and liabilities. However, the significant total debt could pose a risk if interest rates rise or cash flows decrease.

Cash Flow

NLC India has a solid operating cash flow, which covers its capital expenditure needs, leading to positive free cash flow in recent periods. However, there is a declining trend in free cash flow growth, which could affect future investment capabilities. The operating cash flow to net income ratio is robust, indicating good cash conversion efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	157.33B	152.83B	130.01B	163.02B	119.48B	98.46B
Gross Profit	132.43B	131.93B	114.87B	138.89B	102.84B	83.20B
EBITDA	48.88B	52.00B	36.96B	64.82B	47.78B	46.38B
Net Income	28.59B	26.21B	18.54B	13.96B	10.93B	12.82B
Balance Sheet
Total Assets	0.00	578.51B	549.42B	530.68B	497.85B	539.06B
Cash, Cash Equivalents and Short-Term Investments	3.20B	1.87B	5.65B	824.80M	1.39B	1.85B
Total Debt	0.00	224.29B	224.15B	223.33B	220.86B	272.34B
Total Liabilities	-219.45B	359.07B	355.76B	354.42B	334.11B	379.09B
Stockholders Equity	219.45B	187.23B	165.31B	151.69B	141.89B	134.85B
Cash Flow
Free Cash Flow	0.00	16.37B	23.64B	11.58B	68.53B	20.68B
Operating Cash Flow	0.00	89.77B	56.24B	37.61B	77.70B	43.90B
Investing Cash Flow	0.00	-71.60B	-31.51B	-20.89B	-7.63B	-22.12B
Financing Cash Flow	0.00	-21.96B	-19.85B	-17.35B	-70.25B	-20.37B

NLC India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 243.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NLCINDIA, the sentiment is Neutral. The current price of 243.7 is above the 20-day moving average (MA) of 243.50, below the 50-day MA of 256.88, and above the 200-day MA of 240.97, indicating a neutral trend. The MACD of -5.07 indicates Negative momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 52.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NLCINDIA.

NLC India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COALINDIA	77 Outperform	₹2.33T	7.46	―	6.92%	-0.76%	-10.84%
NLCINDIA	69 Neutral	₹363.44B	13.91	―	1.23%	18.29%	42.31%
IOC	68 Neutral	₹2.39T	9.37	―	1.83%	-0.93%	42.85%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
JSWENERGY	63 Neutral	₹922.38B	45.53	―	0.41%	39.71%	1.33%
ADANIPOWER	62 Neutral	₹2.71T	23.15	―	―	-0.70%	-5.41%
RPOWER	58 Neutral	₹155.88B	51.13	―	―	-0.06%	-74.64%

NLC India Limited Corporate Events

NLC India Limited Strengthens Leadership with New Executive Appointments

NLC India Limited has announced the appointment of Shri Durai Kumar S as Executive Director, effective December 6, 2025. This change in senior management is part of the company’s compliance with SEBI regulations and reflects its ongoing efforts to strengthen leadership. The appointment of experienced personnel like Shri Durai Kumar S and Shri Ramachandra R Parashar, who has extensive IT management experience, is expected to enhance the company’s operational capabilities and support its strategic objectives.

NLC India Limited Strengthens Leadership with New Executive Director Appointments

NLC India Limited has announced the appointment of Shri Ramachandra R Parashar and Shri Durai Kumar S as Executive Directors, effective December 6, 2025. This strategic move is expected to strengthen the company’s senior management team, leveraging Parashar’s extensive experience in IT management and Kumar’s expertise, which could enhance operational efficiency and support the company’s growth objectives.

NLC India Limited Strengthens Leadership with Key Executive Appointments

NLC India Limited has announced the appointment of Shri Vanchinathan T as Executive Director, effective December 6, 2025. This change in senior management is part of the company’s compliance with SEBI regulations and reflects its ongoing commitment to strengthening its leadership team. The appointment of experienced professionals like Shri Ramachandra R Parashar and Shri Durai Kumar S as Executive Directors is expected to enhance the company’s operational capabilities and strategic direction, potentially impacting its market position and stakeholder interests positively.

NLC India Limited Strengthens Leadership with New Executive Director Appointments

NLC India Limited has announced the appointment of Shri Anandaramanujam K as Executive Director, effective from December 6, 2025. This move is part of a broader change in the company’s senior management, which also includes the promotion of Shri Ramachandra R Parashar and Shri Durai Kumar S to Executive Directors. These appointments, subject to vigilance clearance, are expected to strengthen the company’s leadership team, leveraging their extensive experience in IT management and operations, which could enhance NLC India’s operational efficiency and strategic positioning in the energy sector.

NLC India Limited Strengthens Leadership with New Executive Director Appointments

NLC India Limited has announced the appointment of Shri Devendra Pratap Singh as Executive Director, effective December 6, 2025. This change in senior management is part of the company’s compliance with SEBI regulations and reflects its ongoing efforts to strengthen its leadership team. The appointment of experienced professionals like Shri Ramachandra R Parashar and Shri Durai Kumar S as Executive Directors is expected to enhance the company’s operational capabilities and strategic direction.

NLC India Limited Appoints New Director of Planning & Projects

NLC India Limited announced the appointment of Shri Rajesh Pratap Singh Sisodia as the new Director of Planning & Projects. With over 35 years of experience in core engineering sectors, including a significant tenure at Bharat Heavy Electricals Limited, Sisodia is expected to drive NLCIL’s strategic initiatives and project management, aligning with the company’s vision for innovation and growth.

NLC India Limited Faces Fines for Board Composition Non-Compliance

NLC India Limited has been fined by the National Stock Exchange and BSE for non-compliance with SEBI regulations regarding board composition, specifically the appointment of a woman director. The company has requested a waiver of these fines, citing that the appointment of directors is controlled by the government, and the Ministry of Coal is being informed of the compliance requirements. The fines do not impact the company’s operations or activities.

NLC India Limited Expands Solar Power Operations in Rajasthan

NLC India Limited has announced the commencement of commercial operations for the second phase of its 300 MW Solar Power Project in Barsingsar, Rajasthan, adding 106 MW to its operational capacity. This development marks a significant step in the company’s renewable energy expansion, with a total of 158.83 MW now operational, enhancing its position in the solar energy sector.

NLC India Limited Receives ESG Rating from CRISIL

NLC India Limited has been assigned an ESG rating of ‘CRISIL ESG 49’ by CRISIL ESG Ratings & Analytics Ltd. This rating, based on publicly available data, reflects the company’s environmental, social, and governance performance, potentially impacting its reputation and stakeholder trust in the industry.

NLC India Limited Successfully Concludes 69th AGM with All Resolutions Passed

NLC India Limited held its 69th Annual General Meeting on September 27, 2025, via video conferencing, where all proposed resolutions were passed with the requisite majority. The company provided e-voting facilities to shareholders, ensuring broad participation, and the results were made available on their website, indicating a smooth and transparent voting process.

NLC India Secures Strategic Mining Blocks in Chhattisgarh

NLC India Limited has received a Letter of Intent from the Government of Chhattisgarh for the Semhardih and Raipura Phosphorite & Limestone Blocks in Balod, Chhattisgarh. This development signifies a strategic expansion in NLC India’s resource base, potentially enhancing its market position and operational capabilities in the mining sector.