NLC India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 9.9x vs industry 44.5x)
- Regular dividends — yield 1.7%
- Near 52-week low — potential value zone (₹222)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹185 | ₹3.5L Cr | 19.3 | 4.64 | 21.1 | 17.2 | 0.82 |
| NTPC NTPC Limited | ₹304 | ₹2.9L Cr | 10.4 | 1.45 | 15.1 | 8.92 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹251 | ₹2.3L Cr | 14.5 | 2.33 | 15.3 | 9.1 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,269 | ₹2.0L Cr | 99.9 | 9.69 | 11.4 | 7.39 | 5.48 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,294 | ₹1.5L Cr | 40.2 | 5.05 | 9.44 | 9.65 | 1.65 |
| TATAPOWER Tata Power Company Limited | ₹335 | ₹1.1L Cr | 28.4 | 2.7 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹483 | ₹82K Cr | 41 | 2.76 | 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 September 30, 2026, dividend and Fund Raising
Dividend - Re 0.25 Per Share
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 newsMBL wins **₹1,200Cr** arbitration award against NLC India
*MBL wins **₹1,200Cr** arbitration award against NLC India.* The tribunal ruled in favor of MBL Infrastructure over a long-pending dispute related to a power project contract. The award is binding and enforceable, potentially triggering a cash inflow or settlement. NLC India may challenge the decision legally. 📊 *STOCKS:* MBLINFRA, NLCINDIA | 🏢 *SECTOR:* Legal | #HIGHIMPACT #Arbitration
Vikram Solar wins **289.87 MWp** solar order from NLC India
*Vikram Solar wins **289.87 MWp** solar order from NLC India.* The order, secured in Rajasthan, marks a significant grid-scale solar project win. This boosts Vikram Solar’s order book and reinforces its position in the renewable energy space. The development underscores growing momentum in India’s clean energy transition. 📊 *STOCKS:* $VIKRAM | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Solar
NLC India shares hit upper circuit on bonus announcement
*NLC India shares surged after announcing a bonus issue of 1:1.* The stock hit the upper circuit on the NSE following the corporate action. The bonus shares will be allotted to shareholders as of the record date. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #bonus
Inox 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 shares unchanged on general corporate updates
*NLC India shares traded flat after general corporate updates.* No major financial figures or strategic announcements were disclosed. The filing did not reveal any **₹500Cr+** deals, leadership changes, or operational shifts. Traders await clearer catalysts for momentum. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* Energy | #LOWIMPACT #corporate
NLC India to announce Q2 results and dividend on Nov 2
*NLC India to announce Q2 results and dividend on Nov 2.* The board meeting on November 2, 2026, will review financial performance for the quarter. Dividend declaration is expected, following the company's consistent payout history. Investors await clarity on earnings and returns. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Earnings
NLC India Renewables wins ₹134 crore solar project order
*NLC India Renewables wins ₹134 crore solar project order.* The company has received a Letter of Award (LOA) from West Bengal State Electricity Distribution Company (WBSEDCL) for a 50 MW solar project. This **₹134 crore** order strengthens its renewable portfolio and execution pipeline. The project will be developed on an EPC basis. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
NLC India issues ₹1,000 crore commercial paper
*NLC India issues ₹1,000 crore commercial paper* to augment short-term funding. The move strengthens liquidity and supports ongoing operations. Commercial papers are unsecured debt instruments typically used for working capital. This reflects a routine corporate finance activity with no immediate impact on stock fundamentals. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Funding
NLC India subsidiary wins 265 MW Haryana battery project
*NLC India subsidiary NIRL wins 265 MW/530 MWh Haryana BESS project.* The Letter of Award (LoA) marks a significant step in grid-scale energy storage. This **₹1,200 crore** project strengthens NLC’s renewable portfolio. 📊 *STOCKS:* $NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Energy
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 14.3% | ₹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 | ₹12.0K Cr 13.1% | ₹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 17.1% | ₹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 8.6% | ₹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 | ₹15.4K Cr 8.2% | ₹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 | ₹64.8K Cr 11.9% | ₹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 11.1% | ₹9 Cr 12.5% | ₹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 | ₹13.9K Cr 16.8% | ₹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 | ₹64.8K Cr 11.9% | ₹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 28.6% | 98d 7.5% | 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 28.6% | 98d 7.5% | 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 | -61d 1.6% | -62d 426.3% | 19d 66.1% | 56d 80.6% | 31d 410.0% | -10d 33.3% | -15d 58.3% | -36d 151.4% | 70d 32.0% | 103d |
| ROCE | 8.0% 27.3% | 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