NLC India Limited (IN:NLCINDIA)
:NLCINDIA
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NLC India Limited
(NLCINDIA)
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Rating:69Neutral
Price Target:
₹347.00
▲(27.64% Upside)
Action:ReiteratedDate:10/23/25
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
Integrated lignite-to-power model with PPAs
Vertical integration of lignite mining and thermal generation secures fuel supply and reduces fuel-cost volatility. Combined with long-term PPAs with state utilities, this provides multi-period revenue visibility and stable fixed-capacity cash flows that support predictable operations and investment planning.
Negative Factors
Elevated total debt load
A high aggregate debt burden increases interest and refinancing risk, reducing financial flexibility. If generation, tariff outcomes, or PPA collections weaken, elevated leverage could constrain capital allocation, force higher financing costs, or delay investments in renewables and mine development.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated lignite-to-power model with PPAs
Vertical integration of lignite mining and thermal generation secures fuel supply and reduces fuel-cost volatility. Combined with long-term PPAs with state utilities, this provides multi-period revenue visibility and stable fixed-capacity cash flows that support predictable operations and investment planning.
Read all positive factors
NLC India Limited (NLCINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹439.22B
Dividend Yield1.2%
Average Volume (3M)250.76K
Price to Earnings (P/E)12.0
Beta (1Y)1.07
Revenue Growth8.66%
EPS Growth15.85%
CountryIN
Employees10,368
SectorEnergy
Sector Strength52
IndustryRegulated Electric
Share Statistics
EPS (TTM)5.20
Shares Outstanding1,386,636,700
10 Day Avg. Volume192,573
30 Day Avg. Volume250,756
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)1.80
Price to Sales (P/S)2.21
P/FCF Ratio20.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹300.00Price Target Upside10.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)21.55
Revenue Forecast (FY)₹206.29B
NLC India Limited Business Overview & Revenue Model
Company Description
NLC India Limited operates in the mining and power generation business in India. It operates in two segments, Lignite Mining and Power Generation. The company generates power through thermal, wind, and solar photo voltaic power plants. The company...
How the Company Makes Money
NLC India Limited primarily earns revenue from (1) selling electricity generated from its thermal and renewable power assets and (2) mining-related income, including lignite sales and lignite-linked arrangements supporting its power business. A si...
NLC India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 162.54B | 152.83B | 130.01B | 163.02B | 119.48B | 98.46B |
| Gross Profit | 125.74B | 131.93B | 114.87B | 138.89B | 102.84B | 83.20B |
| EBITDA | 55.60B | 52.00B | 36.96B | 64.82B | 47.78B | 46.38B |
| Net Income | 26.13B | 26.21B | 18.54B | 13.96B | 10.93B | 12.82B |
Balance Sheet | ||||||
| Total Assets | 609.43B | 578.51B | 549.42B | 530.68B | 497.85B | 539.06B |
| Cash, Cash Equivalents and Short-Term Investments | 7.43B | 1.87B | 5.65B | 824.80M | 1.39B | 1.85B |
| Total Debt | 243.68B | 224.29B | 224.15B | 223.33B | 220.86B | 272.34B |
| Total Liabilities | 376.64B | 359.07B | 355.76B | 354.42B | 334.11B | 379.09B |
| Stockholders Equity | 199.66B | 187.23B | 165.31B | 151.69B | 141.89B | 134.85B |
Cash Flow | ||||||
| Free Cash Flow | -7.33B | 16.37B | 23.64B | 11.58B | 68.53B | 20.68B |
| Operating Cash Flow | 32.05B | 89.77B | 56.24B | 37.61B | 77.70B | 43.90B |
| Investing Cash Flow | -38.22B | -71.60B | -31.51B | -20.89B | -7.63B | -22.12B |
| Financing Cash Flow | 8.35B | -21.96B | -19.85B | -17.35B | -70.25B | -20.37B |
NLC India Limited Technical Analysis
Positive
271.85
Price Trends
263.18
Positive
254.76
Positive
249.64
Positive
Market Momentum
7.44
Negative
70.40
Negative
73.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NLCINDIA, the sentiment is Positive. The current price of 271.85 is above the 20-day moving average (MA) of 271.38, above the 50-day MA of 263.18, and above the 200-day MA of 249.64, indicating a bullish trend. The MACD of 7.44 indicates Negative momentum. The RSI at 70.40 is Negative, neither overbought nor oversold. The STOCH value of 73.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NLCINDIA.
NLC India Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹3.87T | 14.56 | ― | 2.66% | 0.88% | 10.00% | |
70 Outperform | ₹985.49B | 50.05 | ― | 0.41% | 55.52% | 18.59% | |
69 Neutral | ₹439.22B | 11.98 | ― | 1.20% | 8.66% | 15.85% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹4.28T | 22.72 | ― | ― | -1.75% | -0.85% | |
62 Neutral | ₹135.22B | 780.79 | ― | ― | -2.10% | -58.76% | |
62 Neutral | ₹118.61B | 143.50 | ― | ― | 1.43% | -88.43% |
* Energy Sector Average
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NLC India Limited Corporate Events
NLC India Elevates Kalaga Venkata Ramachandra Subbarao to Executive Director Role
May 2, 2026
NLC India Limited has promoted Shri Kalaga Venkata Ramachandra Subbarao to the role of Executive Director, classified as senior management personnel, effective 1 May 2026. A seasoned finance professional with over 29 years of experience across eng...
NLC India Wins Composite Licences for Phosphorite-Limestone Blocks in Chhattisgarh
Apr 25, 2026
NLC India Limited has secured composite licences for the Semhardih and Raipura Phosphorite Limestone blocks in Balod district, Chhattisgarh, following its success as preferred bidder in the Ministry of Mines’ Tranche-V auction for critical ...
NLC India JV Begins Coal Production at Pachwara South for Ghatampur Plant
Mar 29, 2026
Neyveli Uttar Pradesh Power Limited, a joint venture of NLC India Limited and U.P. Rajya Vidyut Utpadan Nigam with a 51:49 equity structure, is developing a 3 x 660 MW Ghatampur Thermal Power Plant in Uttar Pradesh. To secure fuel for this project...
NLC India Secures AAA Rating on New ECB and Existing Term Loan
Mar 10, 2026
NLC India Limited announced that Acuite Ratings Research has assigned a top-tier ACUITE AAA with Stable outlook to its new ₹1,000 crore External Commercial Borrowing facility. The rating agency also reaffirmed the ACUITE AAA with Stable out...
NLC India Elevates Ashok Kumar Mali to Executive Director Role
Feb 28, 2026
NLC India Limited has promoted Shri Ashok Kumar Mali to the position of Executive Director, a senior management role, effective 1 March 2026. The move reflects an internal elevation in line with company policy and signals continuity in leadership ...
NLC India Seeks Waiver After BSE Fine Over Board Composition Lapse
Feb 28, 2026
NLC India Limited has disclosed that BSE has levied a fine of Rs. 5,42,800 for non-compliance with SEBI’s board composition rules, specifically the requirement to appoint a woman director, though the company stated the penalty has no impact ...
NLC India Announces Superannuation-Based Exit of Executive Director Vanchinathan T
Feb 28, 2026
NLC India Limited has announced that Executive Director and senior management member Shri Vanchinathan T has ceased to hold office as of February 28, 2026, upon attaining the age of superannuation. The company has notified the National Stock Excha...
NLC India Raises ₹1,300 Crore via Commercial Paper Issue
Feb 6, 2026
NLC India Limited has raised short-term funds through the issuance and allotment of 26,000 commercial papers with a face value of ₹5 lakh each, aggregating to ₹1,300 crore, on 6 February 2026. The move signals active use of money-marke...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.