NLC India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 17.5%)
- Attractively valued vs sector (P/E 11.8x vs industry 49.6x)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹207 | ₹4.0L Cr | 28 | 6.15 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹333 | ₹3.2L Cr | 11.6 | 1.58 | 15.1 | 8.92 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹266 | ₹2.5L Cr | 15.6 | 2.46 | 15.3 | 9.1 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,301 | ₹2.1L Cr | 111 | 10.75 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,410 | ₹1.7L Cr | 59 | 6.65 | 9.44 | 9.65 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹368 | ₹1.2L Cr | 30 | 2.97 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹540 | ₹99K Cr | 49.3 | 3.08 | 7.51 | 8.16 | 2.37 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NLCINDIA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 79.20% | 72.20% | 72.20% | 72.20% | 72.20% | 72.20% |
| FII | 1.21% | 2.39% | 2.18% | 2.53% | 2.86% | 2.91% |
| DII | 8.85% | 13.38% | 13.82% | 14.29% | 14.46% | 14.63% |
| Public | 6.44% | 7.73% | 7.48% | 6.65% | 6.17% | 5.96% |
| Govt | 4.31% | 4.31% | 4.31% | 4.31% | 4.31% | 4.31% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
Interim Dividend - Rs 3.60 Per Share
Dividend - Rs 1.50 Per Share
Interim Dividend - Rs 1.50 Per Share
Annual General Meetingdividend - Re 1.50 Per Share
Interim Dividend - Rs 1.50 Per Share
Annual General Meeting/Dividend - Rs 2 Per Share
Latest News
All newsInox Wind wins 200 MW order from NLC India
*Inox Wind wins 200 MW order from NLC India*. Inox Wind secured a **200 MW** turnkey wind power project order from NLC India Limited, marking a significant addition to its order book. The project will be executed on a turnkey basis, boosting near-term revenue visibility. The development strengthens Inox Wind’s position in India’s renewable energy sector. 📊 *STOCKS:* $INOXWIND | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
NLC India signs MoU with CSIR-CECRI for mineral tech collaboration
*NLC India signs MoU with CSIR-CECRI for mineral tech collaboration*. NLC India Limited has signed a Memorandum of Understanding with CSIR-CECRI, Karaikudi, to develop critical and strategic mineral beneficiation and extraction technologies. The collaboration aims to boost indigenous capabilities in mineral processing, supporting India’s energy and tech security goals. The move enhances NLC’s positioning in the strategic minerals space. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MoU
NLC India Renewables forms JV with OREDA for solar projects
*NLC India Renewables forms JV with OREDA for solar projects*. The 51:49 joint venture aims to accelerate solar power development. **51% stake retained by NLC**, marking strategic expansion in renewables. Expected to enhance project execution capability and market presence. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Renewables
NLC India Renewables forms JV for green energy projects
*NLC India Renewables forms JV with OREDA for green energy projects.* The joint venture will operate on a 51:49 equity basis, focusing on renewable energy initiatives. This strategic move aims to expand NLC's footprint in the clean energy sector. The partnership underscores growing momentum in India’s green transition. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #GreenEnergy
NLC India partners OREDA for 1,000 MW green energy projects
*NLC India partners OREDA for 1,000 MW green energy projects*. The joint venture aims to develop **1,000 MW** of renewable energy capacity, boosting NLC's clean energy portfolio. This strategic move enhances growth prospects in the green energy space. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #GreenEnergy
NLC India Renewables wins 200 MW wind project award
*NLC India Renewables wins 200 MW wind project award.* The project was secured through SECI, marking a significant order win in the renewable space. This adds **200 MW** to its renewable portfolio, boosting future capacity and revenue visibility. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Renewables
NLC India unit wins solar power project award
*NLC India unit wins solar power project award.* The company's subsidiary has received a letter of award from Solar Energy Corporation of India for a **500 MW** solar project. This win strengthens NLC’s renewable energy portfolio and supports future revenue growth. The development reflects government support for clean energy expansion. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Solar
NLC India shares unaffected by general updates
*NLC India shares unchanged after general corporate updates.* No significant financial or operational details disclosed. Filing offers no new data on production, revenue, or management changes. Traders await concrete developments for momentum. 📊 *STOCKS:* $NLCIND | 🏢 *SECTOR:* Energy | #LOWIMPACT #corporate
Inox Wind wins ₹1,600 cr order for 200 MW project
*Inox Wind wins ₹1,600 cr order for 200 MW project*. The company secured a **200 MW** wind energy order from NLC India valued at **₹1,600 crore**. This boosts its order book and reinforces its position in the renewable sector. Execution is expected over the next few quarters. 📊 *STOCKS:* $INOXWIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Inox Wind secures ₹1,600 crore 200 MW order from NLC India
*Inox Wind secures ₹1,600 crore 200 MW order from NLC India*. The company has won a turnkey order for 200 MW wind power project, boosting its order book significantly. This contract enhances visibility in renewable energy execution. 📊 *STOCKS:* $INOXWIND | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5.0K Cr 13.5% | ₹4.4K Cr 6.3% | ₹4.2K Cr 9.2% | ₹3.8K Cr 0.3% | ₹3.8K Cr 13.0% | ₹4.4K Cr 20.6% | ₹3.7K Cr 8.3% | ₹3.4K Cr |
| Op. Profit | ₹1.8K Cr 32.0% | ₹1.3K Cr 4.0% | ₹1.4K Cr 49.7% | ₹935 Cr 8.6% | ₹861 Cr 16.8% | ₹1.0K Cr 2.2% | ₹1.0K Cr 6.4% | ₹1.1K Cr |
| OPM | 35.0% 16.7% | 30.0% 11.8% | 34.0% 41.7% | 24.0% 9.1% | 22.0% 4.3% | 23.0% 17.9% | 28.0% 12.5% | 32.0% |
| Net Profit | ₹1.5K Cr 104.6% | ₹724 Cr 0.1% | ₹725 Cr 13.6% | ₹839 Cr 79.3% | ₹468 Cr 32.8% | ₹696 Cr 29.1% | ₹982 Cr 73.2% | ₹567 Cr |
| EPS (₹) | 10.05 109.4% | 4.8 0.0% | 4.8 16.5% | 5.75 65.2% | 3.48 27.8% | 4.82 26.7% | 6.58 63.3% | 4.03 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹17.5K Cr 14.1% | ₹15.3K Cr 17.9% | ₹13.0K Cr 19.6% | ₹16.2K Cr 33.9% | ₹12.1K Cr 21.5% | ₹9.9K Cr 3.8% | ₹10.3K Cr 4.6% | ₹9.9K Cr 12.6% | ₹11.3K Cr 1.8% | ₹11.1K Cr |
| Expenses | ₹11.9K Cr 12.5% | ₹10.6K Cr 10.6% | ₹9.6K Cr 8.3% | ₹10.4K Cr 28.4% | ₹8.1K Cr 11.0% | ₹7.3K Cr 3.9% | ₹7.0K Cr 7.6% | ₹7.6K Cr 2.9% | ₹7.4K Cr 23.4% | ₹6.0K Cr |
| Op. Profit | ₹5.6K Cr 17.7% | ₹4.7K Cr 38.1% | ₹3.4K Cr 40.1% | ₹5.7K Cr 45.3% | ₹4.0K Cr 50.8% | ₹2.6K Cr 20.3% | ₹3.3K Cr 45.6% | ₹2.3K Cr 41.9% | ₹3.9K Cr 23.7% | ₹5.1K Cr |
| OPM | 32.0% 3.2% | 31.0% 19.2% | 26.0% 27.8% | 36.0% 9.1% | 33.0% 26.9% | 26.0% 18.8% | 32.0% 39.1% | 23.0% 32.4% | 34.0% 26.1% | 46.0% |
| Other Income | ₹1.9K Cr 6.9% | ₹1.8K Cr 16.6% | ₹2.1K Cr 342.9% | ₹-872 Cr 156.5% | ₹1.5K Cr 39.0% | ₹2.5K Cr 61.4% | ₹1.6K Cr 26.2% | ₹2.1K Cr 198.0% | ₹713 Cr 160.6% | ₹-1.2K Cr |
| Interest | ₹1.2K Cr 31.1% | ₹932 Cr 9.8% | ₹849 Cr 16.1% | ₹1.0K Cr 2.8% | ₹984 Cr 25.1% | ₹1.3K Cr 11.8% | ₹1.2K Cr 67.7% | ₹700 Cr 27.7% | ₹548 Cr 6.8% | ₹588 Cr |
| Depreciation | ₹2.4K Cr 26.3% | ₹1.9K Cr 3.2% | ₹1.8K Cr 1.3% | ₹1.8K Cr 5.7% | ₹1.9K Cr 20.5% | ₹1.6K Cr 18.7% | ₹1.3K Cr 19.0% | ₹1.1K Cr 9.0% | ₹1.2K Cr 18.0% | ₹1.0K Cr |
| PBT | ₹3.9K Cr 4.8% | ₹3.7K Cr 28.3% | ₹2.9K Cr 40.2% | ₹2.1K Cr 21.0% | ₹2.6K Cr 15.5% | ₹2.3K Cr 3.9% | ₹2.3K Cr 8.4% | ₹2.6K Cr 9.2% | ₹2.8K Cr 23.2% | ₹2.3K Cr |
| Tax % | 3.0% 88.9% | 27.0% 22.9% | 35.0% 12.9% | 31.0% 45.6% | 57.0% 42.5% | 40.0% 5.3% | 38.0% 5.0% | 40.0% 29.0% | 31.0% 542.9% | -7.0% |
| Net Profit | ₹3.8K Cr 38.9% | ₹2.7K Cr 45.3% | ₹1.9K Cr 31.0% | ₹1.4K Cr 27.8% | ₹1.1K Cr 17.0% | ₹1.3K Cr 7.4% | ₹1.5K Cr 5.5% | ₹1.5K Cr 21.5% | ₹2.0K Cr 20.4% | ₹2.5K Cr |
| EPS (₹) | 25.4 34.4% | 18.9 41.4% | 13.37 32.8% | 10.07 27.8% | 7.88 16.8% | 9.47 8.9% | 10.39 4.4% | 10.87 14.5% | 12.71 20.6% | 16.01 |
| Div Payout | 15.0% 6.3% | 16.0% 27.3% | 22.0% 37.1% | 35.0% 84.2% | 19.0% 26.9% | 26.0% 61.8% | 68.0% 61.9% | 42.0% 20.0% | 35.0% 23.9% | 46.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹1.4K Cr 0.0% | ₹1.4K Cr 0.0% | ₹1.4K Cr 0.0% | ₹1.4K Cr 0.0% | ₹1.4K Cr 0.0% | ₹1.4K Cr 0.0% | ₹1.4K Cr 0.0% | ₹1.4K Cr 9.3% | ₹1.5K Cr 0.0% | ₹1.5K Cr |
| Reserves | ₹20.1K Cr 16.2% | ₹17.3K Cr 14.5% | ₹15.1K Cr 9.9% | ₹13.8K Cr 7.6% | ₹12.8K Cr 0.7% | ₹12.7K Cr 10.4% | ₹11.5K Cr 1.2% | ₹11.4K Cr 3.7% | ₹11.8K Cr 11.6% | ₹10.6K Cr |
| Borrowings | ₹27.9K Cr 24.4% | ₹22.4K Cr 0.1% | ₹22.4K Cr 0.4% | ₹22.3K Cr 1.1% | ₹22.1K Cr 18.9% | ₹27.2K Cr 0.0% | ₹27.2K Cr 32.2% | ₹20.6K Cr 55.9% | ₹13.2K Cr 15.1% | ₹11.5K Cr |
| Other Liabilities | ₹15.8K Cr 5.8% | ₹16.8K Cr 4.4% | ₹16.0K Cr 2.8% | ₹15.6K Cr 15.2% | ₹13.5K Cr 7.5% | ₹12.6K Cr 0.8% | ₹12.5K Cr 4.8% | ₹11.9K Cr 0.3% | ₹11.9K Cr 20.1% | ₹9.9K Cr |
| Total Liabilities | ₹65.2K Cr 12.6% | ₹57.9K Cr 5.3% | ₹55.0K Cr 3.5% | ₹53.1K Cr 6.6% | ₹49.8K Cr 7.6% | ₹53.9K Cr 2.5% | ₹52.6K Cr 16.2% | ₹45.3K Cr 17.8% | ₹38.4K Cr 14.8% | ₹33.5K Cr |
Assets | ||||||||||
| Fixed Assets | ₹36.6K Cr 19.2% | ₹30.7K Cr 31.2% | ₹23.4K Cr 2.8% | ₹24.1K Cr 3.3% | ₹24.9K Cr 5.9% | ₹26.4K Cr 9.7% | ₹24.1K Cr 36.5% | ₹17.7K Cr 5.3% | ₹16.8K Cr 4.8% | ₹16.0K Cr |
| CWIP | ₹14.3K Cr 6.6% | ₹15.3K Cr 13.7% | ₹17.7K Cr 21.1% | ₹14.6K Cr 12.4% | ₹13.0K Cr 12.3% | ₹11.6K Cr 8.4% | ₹12.7K Cr 8.6% | ₹13.9K Cr 65.0% | ₹8.4K Cr 60.9% | ₹5.2K Cr |
| Investments | ₹8 Cr 0.0% | ₹8 Cr 0.0% | ₹8 Cr 0.0% | ₹8 Cr 14.3% | ₹7 Cr 50.0% | ₹14 Cr 0.0% | ₹14 Cr 7.7% | ₹13 Cr 0.0% | ₹13 Cr 0.0% | ₹13 Cr |
| Other Assets | ₹14.3K Cr 20.2% | ₹11.9K Cr 14.2% | ₹13.9K Cr 3.8% | ₹14.4K Cr 20.9% | ₹11.9K Cr 24.9% | ₹15.9K Cr 0.2% | ₹15.8K Cr 15.2% | ₹13.8K Cr 3.7% | ₹13.3K Cr 8.2% | ₹12.3K Cr |
| Total Assets | ₹65.2K Cr 12.6% | ₹57.9K Cr 5.3% | ₹55.0K Cr 3.5% | ₹53.1K Cr 6.6% | ₹49.8K Cr 7.6% | ₹53.9K Cr 2.5% | ₹52.6K Cr 16.2% | ₹45.3K Cr 17.8% | ₹38.4K Cr 14.8% | ₹33.5K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹5.2K Cr 42.5% | ₹9.0K Cr 62.9% | ₹5.5K Cr 32.2% | ₹4.2K Cr 46.2% | ₹7.7K Cr 76.4% | ₹4.4K Cr 166.5% | ₹1.6K Cr 1.7% | ₹1.6K Cr 64.3% | ₹4.5K Cr 270.0% | ₹1.2K Cr |
| Investing CF | ₹-7.5K Cr 5.4% | ₹-7.2K Cr 134.1% | ₹-3.1K Cr 22.4% | ₹-2.5K Cr 227.5% | ₹-763 Cr 65.5% | ₹-2.2K Cr 61.9% | ₹-5.8K Cr 5.0% | ₹-6.1K Cr 33.2% | ₹-4.6K Cr 6.0% | ₹-4.3K Cr |
| Financing CF | ₹2.9K Cr 232.4% | ₹-2.2K Cr 10.6% | ₹-2.0K Cr 14.4% | ₹-1.7K Cr 75.2% | ₹-7.0K Cr 243.7% | ₹-2.0K Cr 148.9% | ₹4.2K Cr 5.7% | ₹4.4K Cr 4406.1% | ₹98 Cr 244.1% | ₹-68 Cr |
| Net Cash Flow | ₹525 Cr 238.5% | ₹-379 Cr 181.0% | ₹468 Cr 854.8% | ₹-62 Cr 244.4% | ₹-18 Cr 112.9% | ₹140 Cr 7100.0% | ₹-2 Cr 97.6% | ₹-83 Cr 312.8% | ₹39 Cr 101.2% | ₹-3.2K Cr |
| Free Cash Flow | ₹-2.5K Cr 244.8% | ₹1.7K Cr 27.5% | ₹2.4K Cr 45.7% | ₹1.6K Cr 76.3% | ₹6.8K Cr 230.4% | ₹2.1K Cr 148.7% | ₹-4.2K Cr 8.2% | ₹-4.6K Cr 4349.0% | ₹-104 Cr 96.5% | ₹-3.0K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70d 6.7% | 75d 29.2% | 106d 10.4% | 96d 14.3% | 112d 59.4% | 276d 8.3% | 301d 31.4% | 229d 55.8% | 147d 7.0% | 158d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 70d 6.7% | 75d 29.2% | 106d 10.4% | 96d 14.3% | 112d 59.4% | 276d 8.3% | 301d 31.4% | 229d 55.8% | 147d 7.0% | 158d |
| Working Capital Days | -62d 11.4% | -70d 468.4% | 19d 66.1% | 56d 80.6% | 31d 410.0% | -10d 33.3% | -15d 58.3% | -36d 151.4% | 70d 32.0% | 103d |
| ROCE | 10.0% 9.1% | 11.0% 57.1% | 7.0% 46.2% | 13.0% 62.5% | 8.0% 0.0% | 8.0% 11.1% | 9.0% 18.2% | 11.0% 15.4% | 13.0% 38.1% | 21.0% |
Source: Screener.in · Lower days = better efficiency