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NLC India Ltd (NLCINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513683 NSE: NLCINDIA Power Generation/Distribution | Mid Cap | Neyveli Lignite Share Price

₹327.85 -7.80 (-2.32%)

As on 09-Jun'26 16:59

NLC India Ltd (NLCINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513683 NSE: NLCINDIA Power Generation/Distribution | Mid Cap | Neyveli Lignite Share Price

₹327.85 -7.80 (-2.32%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹46,542 Cr.
Current Price
₹327.9
52-Week Low / High
₹220 / 388
TTM EPS
₹18.2
TTM Sales
₹10,864 Cr.
Book Value per Share
₹139
P/E Ratio
18.43
Higher than its 5-year historical median
Industry PE
29.8
Price to Book (P/B)
2.42
Higher than its 5-year historical median
Price to Sales (P/S)
4.28
Higher than its 5-year historical median
EV/EBITDA
11.28
Higher than its 5-year historical median
Dividend Yield
1.23%
Profitability Efficiency
Return on Equity (ROE)
11.36%
Outperforms industry median
Return on Capital Employed (ROCE)
13.97%
Outperforms industry median
Return on Assets (ROA)
5.20%
Operating Profit Margin
23.6%
Net Profit Margin
18.47%
Gross Profit Margin
29.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.23%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-20.83%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.89%
Asset Quality
Promoter Holding
72.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17,884 Cr.
Equity
₹1,386.6 Cr.
Face Value
₹10
All Time Low / High
₹4.90 / 387.70

NLC India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is NLC India Ltd a good quality company?
NLC India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does NLC India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of NLC India Ltd vs industry peers?
NLC India Ltd revenue CAGR is 5.38%, compared to the industry median CAGR of 5.38%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of NLC India Ltd?
Promoters hold 72.20% of the NLC India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of NLC India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.7% based on the current price.
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NLC India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ6.6%13%13.8%10.6%11%9.4%13.1%10.3%14.3%14%-
Value Creation
Index ⓘ		-0.50.00.0-0.2-0.2-0.30.0-0.20.30.2-

Growth Parameters ⓘ
Sales ⓘ6,6528,6538,4967,1467,9167,2509,85612,95510,52010,28610,864
Sales YoY Gr.-30.1%-1.8%-15.9%10.8%-8.4%36%31.4%-18.8%-2.2%-
Adj EPS ⓘ5.320.3124.910.25.95.620.68.67.618.2
YoY Gr.-287.1%-40.8%-59.1%108.1%-42.8%-5.3%271.2%-58.5%-11.1%-
BVPS (₹) ⓘ7779.887.290.291.293.599.6105.6115.3126139
Adj Net
Profit ⓘ		8813,1061,8416831,4198137702,8571,1871,0552,525
Cash Flow from Ops. ⓘ1,3148103,7614991,1684,0526,0623,8235,1415,645-
Debt/CF from Ops. ⓘ2.78.62.326.414.43.71.72.51.61.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ5%5.4%1.4%-2.2%
Adj EPS ⓘ4.2%-5.8%11.1%-11.1%
BVPSⓘ5.6%6.7%8.2%9.2%
Share Price 16.5% 39% 48.6% 35.7%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		6.324.714.45.311.36.45.820.17.86.313.8
Op. Profit
Mgn % ⓘ		32.939.136.621.635.126.93538.329.123.635.3
Net Profit
Mgn % ⓘ		13.235.921.79.617.911.27.822.111.310.323.2
Debt to
Equity ⓘ		0.30.60.71.11.31.20.70.60.50.40.3
Working Cap
Days ⓘ		37038051962557565442730337435994
Cash Conv.
Cycle ⓘ		1411481601702072781388112392-31

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6,6528,6538,4967,1467,9167,2509,85612,95510,52010,286
Operating Expenses ⓘ + 4,4635,2675,3875,6125,1425,3006,4077,9917,4747,874
Manufacturing Costs1,6182,0922,0491,9122,0842,0272,5673,3413,6233,973
Material Costs-368-4376724382-51476268-189-205
Employee Cost 2,2522,2953,0822,9642,8052,6892,6242,5262,6462,997
Other Costs ⓘ 9611,3171894931716357401,8561,3941,109
Operating Profit ⓘ 2,1893,3853,1101,5342,7741,9503,4494,9643,0462,412
Operating Profit Margin (%) 32.9%39.1%36.6%21.5%35.0%26.9%35.0%38.3%29.0%23.4%
Other Income ⓘ + 5256755879131,2171,7178061,2418731,202
Exceptional Items ⓘ -935-1,05410824-8268663-2,3059531,175
Interest ⓘ 188169205390820981784756643563
Depreciation ⓘ 6416838617469581,2321,5281,4201,4421,368
Profit Before Tax ⓘ 9502,1542,6412,1362,2051,7222,6061,7242,7882,858
Tax ⓘ 722-2157928697917121,370476941958
Profit After Tax 2282,3691,8491,2671,4141,0101,2371,2481,8471,900
PAT Margin (%) 3.4%27.4%21.8%17.7%17.9%13.9%12.6%9.6%17.6%18.5%
Adjusted EPS (₹)1.415.512.19.110.27.38.99.013.313.7
Dividend Payout Ratio (%)220.80%47.40%37.20%49.60%69.20%34.30%33.60%38.90%22.50%21.90%

Valuation of Neyveli Lignite - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12,92612,19913,33512,51112,64012,95913,80714,63915,99417,465
Share Capital ⓘ 1,6781,5291,5291,3871,3871,3871,3871,3871,3871,387
Reserves ⓘ 11,24810,67011,80611,12511,25311,57212,42013,25214,60716,079
Debt +3,1806,5877,50811,98515,01213,3989,1118,3157,0555,007
Long Term Debt3,1665,0416,0508,31711,3709,6988,8267,8177,0555,007
Short Term Debt151,5461,4583,6683,6413,70028549800
Minority Interest0000000000
Trade Payables9717071,5531,9881,8311,5121,0776327701,234
Others Liabilities ⓘ 6,6119,69210,5829,02010,03610,53710,66811,85411,88313,673
Total Liabilities ⓘ 23,68729,18532,97735,50439,51838,40634,66335,44035,70237,379

Fixed Assets

Net Fixed Assets ⓘ +9,6549,62510,57411,68418,30820,16219,18518,73218,13317,664
Gross Block10,29110,86112,66914,52822,11125,80326,36227,31128,10128,997
Accumulated Depreciation6371,2362,0952,8433,8035,6417,1778,5799,96811,333
CWIP ⓘ 2,4575,1157,0758,8534,2111,1211,1261,0121,9234,320
Investments ⓘ 1,9492,4212,4212,8243,5193,6223,9334,1964,6405,092
Inventories1,2951,8131,6891,4641,3251,4221,0258341,0481,370
Trade Receivables3,0113,7503,3664,6066,6925,6113,1293,7913,3121,884
Cash Equivalents 3,158474279317373617237200679289
Others Assets ⓘ 2,1635,9877,5735,7555,0905,8506,0286,6745,9676,760
Total Assets ⓘ 23,68729,18532,97735,50439,51838,40634,66335,44035,70237,379

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 1,3148103,7614991,1684,0526,0623,8235,1415,645
PBT ⓘ 1,8563,0282,6412,1362,2051,7222,6061,7242,7882,858
Adjustment ⓘ 3796641,4397931,5762,0422,2061,4982,2852,128
Changes in Working Capital ⓘ -394-237850-2022-22374842048606624970
Tax Paid ⓘ -526-504-463-405-378-219-802-5-577-409
Cash Flow From Investing Activity ⓘ + -1,154-3,581-3,099-3,183-3,146-811-123-1,888-2,144-4,059
Capex -1,459-3,472-3,232-3,050-2,698-883-211-1,773-1,903-3,945
Net Investments -118-4720-402-696-103-311-264-444-453
Others ⓘ 423362134269248175399148203338
Cash Flow From Financing Activity ⓘ + -32613-6722,6861,977-3,101-5,968-1,987-2,514-1,976
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 3763,2881,8492,2363,641-1,921-872-1,009-762-2,049
Interest Paid ⓘ -271-321-488-768-1,157-1,099-762-677-629-565
Dividend Paid ⓘ -445-1,591-775-669-1,160-139-416-416-485-416
Others ⓘ 15-1,363-1,2581,88765359-3,919116-6391,054
Net Cash Flow ⓘ -167-2,759-91-1139-29-52483-390

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.6418.8614.489.811.247.899.248.7812.0611.36
ROCE (%)6.5913.0413.8110.5810.989.4313.0610.3314.3113.97
Asset Turnover Ratio0.280.330.270.210.210.190.270.370.30.28
PAT to CFO Conversion(x)5.760.342.030.390.834.014.93.062.782.97
Working Capital Days
Receivable Days145.20142.60152.90203.60260.50309.70161.8097.50123.2092.20
Inventory Days60.2065.6075.2080.5064.3069.1045.3026.2032.6042.90
Payable Days-793.50-701.306,115.702,6608,500.600991.501,161.40-1,351.20-1,783.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NLC India Ltd FAQs

The current trading price of Neyveli Lignite on 09-Jun-2026 16:59 is ₹327.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Neyveli Lignite stood at ₹46,542.5 Cr

The latest P/E ratio of Neyveli Lignite as of 08-Jun-2026 is 18.43.

The latest P/B ratio of Neyveli Lignite as of 08-Jun-2026 is 2.42.

The 52-week high of Neyveli Lignite is ₹387.7 and the 52-week low is ₹220.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Neyveli Lignite is ₹10,864 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that NLC India Ltd is a average quality company.

The key valuation ratios of NLC India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of NLC India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About NLC India Ltd

NLC India Limited (formerly Neyveli Lignite Corporation Limited) is a Government Company registered under the erstwhile Companies Act, 1956 with its registered office located at Chennai and is listed with the Bombay Stock Exchange Ltd and the National Stock Exchange of India Ltd. The main activity of NLC India is Mining (Coal & Lignite) and Power Generation (Thermal and Renewable Energy). 

Business area of the company

The company is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources.

Awards

2014-15:

  • Productivity Award instituted by World Academy of Productivity Science (WAPS).
  • Greentech Gold Award 2014 instituted by Greentech Foundation for the best safety performance of TPS-II.
  • National Award instituted by ‘Governance Now’ for Best HR Practices (Training).
  • National Energy Conservation Award -2014 for Mine-I instituted by Bureau of Energy Efficiency.
  • IE (I) Industry Excellence Award 2014, instituted by Institution of Engineers (India).
  • First Prize in the category of Best Public Sector Undertaking Unit implementing Right to Information Act, Instituted by Public Relation Society of India (PRSI).
  • Green Rating Project (GRP) Award, instituted by the Centre for Science & Environment for Barsingsar TPS and TPS-II, Neyveli.

2015-16:

  • “Excellence in Cost Management Award 2014” from the Institute of Cost Accountants of India in recognition of cost control measures undertaken by Company.
  • “Star PSU Award” from Bureaucracy Today, for excellence in Corporate Social Responsibility in recognition of commitment and continuous engagement by Company with communities towards empowering development for a sustainable growth.
  • “Excellence in Integrated Water Resource Management Award” from Central Board of Irrigation and Power.
  • “National Golden Peacock Award for CSR-2015” from the Institution of Directors, New Delhi.
  • “Gold Award” for outstanding achievement in CSR from Greentech Foundation.

2016-17:

  • Gold Trophy & a Citation of Scope Excellence Award - Institutional Category (Maharatna/Navratna PSE’s) for the year 2011-12.
  • National award for outstanding Industrial Relations for the year 2014-15 instituted by the All India Organisation of Employers (AIOE). 
  • Golden Peacock Environment Award 2016 instituted by Institute of Directors, New Delhi in appreciation of its adoption of environment friendly technologies.

2017-18:

  • “Golden Peacock Environment Management Award” for the year 2017 in appreciation of its adoption of environment friendly technology presented in the World Congress on Environment Management.
  • Four National Awards and a Special Jury Award for Corporate video, bestowed by The Public Relations Society of India (PRSI) recognising the Company’s achievements in public relations and performance.
  • “NIPM National Award” for Best HR Practices 2017 by National Institute of Personnel Management (NIPM) for implementing modern HR strategies in the Company.
  • “Golden Peacock Award for Sustainability 2017” presented in Golden Business Meet.

2018-19:

  • Prestigious “Brands of the Decade” award, in recognition of its Vision and Mission in accordance with an exigent business model for massive expansion projects spreading across India.
  • Apex India CSR Excellence Award for its outstanding achievement in Corporate Social Responsibility at the Apex India Excellence Awards 2017 presentation.
  • Adjudged as the fastest growing Public Sector Enterprise (Navratna Category) by the Hindustan times group based on a study/survey by Price Waterhouse Cooper under the Navratna Category.
  • Bagged the prestigious Dun & Bradstreet PSU Award 2018 in the Best Growth Performance – Power Generation category.
  • Bagged the most prestigious NIPM Award for Best HR Practices in category A Organisations, NIPM Best IR Strategist Award and Best Development Programme in PSU for Middle Management at World HRD Congress, Mumbai.
  • Best Enterprise Award 2019 instituted by National WIPS Forum.

2019-20:

  • Platinum awards from GROW CARE INDIA for Environment Management.
  • 'National Project Excellence Award 2019' for successful commissioning of Clean and Green Solar Power Project
  • PRSI National Awards for outstanding contributions in the field of RTI and CSR.
  • Mine-I received the prestigious National Safety Award
  • 'Best Enterprise Award' in the Navratna category instituted by the Forum of Women in Public Sector (WIPS)
  • Apex India CSR Excellence Award 2019 in Platinum Category
  • Aqua Excellence Award 2019 for CSR
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