NLC India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 17.5%)
- ✓Attractively valued vs sector (P/E 11.6x vs industry 51.1x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹217 | ₹4.1L Cr | 32.4 | 6.44 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹350 | ₹3.3L Cr | 12.2 | 1.67 | 14 | 8.33 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹289 | ₹2.6L Cr | 16.6 | 2.68 | 16.5 | 9.74 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,472 | ₹2.5L Cr | 136 | 12.17 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,729 | ₹2.1L Cr | 92.3 | 8.16 | 9.44 | 9.65 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹378 | ₹1.2L Cr | 31.3 | 3.05 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹561 | ₹99K Cr | 45.5 | 3.21 | 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
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 news →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
NALCO and NLC India form JV for 1,080 MW power project
*NALCO and NLC India form JV for 1,080 MW power project.* The joint venture aims to develop a captive power project of **1,080 MW** to support energy needs for industrial operations. This strategic collaboration strengthens energy security and vertical integration for both state-owned firms. The move aligns with India’s push for reliable power infrastructure in heavy industries. 📊 *STOCKS:* NALCO, NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #JointVenture
Tata Steel dips on Q1 update; NLC gains on NALCO JV
*Tata Steel dips on Q1 update; NLC gains on NALCO JV* — Tata Steel slipped after its Q1 business update showed flat sequential EBITDA. NLC India rose on plans to form a joint venture with NALCO for coal mining and power. The JV aims to secure fuel supply and boost capacity. **$500 million** investment expected over three years. 📊 *STOCKS:* TATASTEEL, NLCINDIA, NATIONALUMIN | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Earnings
Nalco, NLCIL to jointly build 1,080 MW power plant in Odisha
Nalco and NLCIL have signed a JV agreement to establish a **1,080 MW** captive power plant in Odisha, aimed at securing long-term power supply for industrial operations. The project marks a significant step in energy self-reliance and could enhance operational efficiency for both firms. Investment details and project timelines are expected to be disclosed soon. 📊 *STOCKS:* NATIONALUM, NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #PowerProject
NLC India, NALCO form JV for Odisha thermal plant
*NLC India, NALCO form JV for Odisha thermal plant* — NLC India and NALCO have formed a joint venture to set up a **1,200 MW** thermal power plant in Odisha. The project aims to strengthen energy security and support regional industrial growth. Both companies will invest equally in the venture. 📊 *STOCKS:* NLCINDIA, NALCO | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #JointVenture
NALCO, NLCIL to set up 1,080 MW power plant
*NALCO, NLCIL to set up 1,080 MW power plant*. NALCO and NLC India Limited have signed a JV agreement for a **1,080 MW captive power plant** at Anugola, aimed at securing long-term power supply for industrial operations. The project marks a strategic step in energy self-sufficiency and could enhance operational efficiency for both firms. Financial details and equity split remain undisclosed. 📊 *STOCKS:* NALCO, NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #PowerProject
NALCO, NLC India to build 1,080 MW thermal plant
*NALCO, NLC India to build 1,080 MW thermal plant*. NALCO and NLC India have signed a joint venture agreement to develop a **1,080 MW** thermal power plant. The project aims to secure long-term power supply for aluminium operations and boost energy self-reliance. The partnership underscores strategic collaboration in the thermal power sector. 📊 *STOCKS:* NALCO, NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #JointVenture
Coal India and NLC India win solar projects in Jalaun
*Coal India and NLC India win solar projects in Jalaun.* Both firms secured bids under the Jalaun Solar Park project in Bundelkhand, marking a strategic push into renewables. The allocation reinforces their clean energy portfolios with **500 MW** of combined capacity awarded. This win enhances project pipelines ahead of FY25 targets. 📊 *STOCKS:* COALINDIA, NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Solar
NLC India raises ₹500 crore via commercial paper
*NLC India raises ₹500 crore via commercial paper.* The funds are part of the company’s short-term borrowing strategy to support ongoing operations and energy projects. **₹500 crore** strengthens near-term liquidity without diluting equity. This move reflects stable investor confidence in its debt instruments. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Fundraising
NLC India, OREDA to develop 1,000 MW green energy in Odisha
*NLC India, OREDA to develop 1,000 MW green energy in Odisha*. NLC India Renewables and OREDA have signed a joint venture agreement to set up **1,000 MW** of renewable energy projects in Odisha. The collaboration aims to boost green energy capacity in the region with significant future capex. The move strengthens NLC's renewable portfolio and signals long-term growth in clean energy. 📊 *STOCKS:* NLCINDIA | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #GreenEnergy
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