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NLC India Limited
(NLCINDIA)
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Rating:56Neutral
Price Target:
₹235.00
▼(-19.78% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weakened cash conversion and negative free cash flow in the latest year, alongside elevated leverage. These risks outweigh the strong reported profitability trend. Technicals also remain bearish (below key moving averages with negative MACD), while a reasonable P/E and modest dividend yield provide partial support.
Positive Factors
Revenue Growth
The multi-year revenue growth trend, together with a solid 2026 rebound, indicates that NLC India continues to expand its operating base despite some annual variability. Sustained top-line growth supports utilization of its mining and power assets and provides a foundation for maintaining earnings capacity over the next several quarters.
Negative Factors
Weak Cash Conversion
The recent deterioration in operating cash flow and the shift to negative free cash flow show that reported profits are not converting into liquidity as effectively as before. Persistently weaker conversion could increase reliance on external funding, constrain investment flexibility, and make execution of ongoing projects more financially demanding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The multi-year revenue growth trend, together with a solid 2026 rebound, indicates that NLC India continues to expand its operating base despite some annual variability. Sustained top-line growth supports utilization of its mining and power assets and provides a foundation for maintaining earnings capacity over the next several quarters.
Read all positive factors
NLC India Limited (NLCINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹316.01B
Dividend Yield1.69%
Average Volume (3M)66.17K
Price to Earnings (P/E)9.7
Beta (1Y)0.93
Revenue Growth16.85%
EPS Growth12.22%
CountryIN
Employees10,368
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)23.56
Shares Outstanding1,386,636,700
10 Day Avg. Volume96,566
30 Day Avg. Volume66,167
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)1.77
Price to Sales (P/S)2.13
P/FCF Ratio-7.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23.75
Revenue Forecast (FY)₹215.94B
NLC India Limited Business Overview & Revenue Model
Company Description
NLC India Limited is an Indian enterprise primarily engaged in mineral extraction and electricity production, structured around two core divisions: lignite mining and power generation. The company utilizes a diverse range of energy sources, includ...
NLC India Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 183.81B | 174.90B | 152.83B | 130.01B | 163.02B | 119.48B |
| Gross Profit | 110.29B | 91.94B | 131.93B | 114.87B | 138.89B | 102.84B |
| EBITDA | 75.15B | 74.76B | 52.10B | 37.01B | 64.86B | 47.82B |
| Net Income | 32.09B | 35.22B | 26.21B | 18.54B | 13.96B | 10.93B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 647.44B | 578.51B | 549.42B | 530.68B | 497.85B |
| Cash, Cash Equivalents and Short-Term Investments | 8.43B | 8.43B | 1.89B | 5.65B | 824.80M | 1.39B |
| Total Debt | 0.00 | 278.92B | 224.29B | 224.15B | 223.33B | 220.86B |
| Total Liabilities | -252.74B | 399.28B | 359.07B | 355.76B | 354.42B | 334.11B |
| Stockholders Equity | 252.74B | 210.67B | 187.23B | 165.31B | 151.69B | 141.89B |
Cash Flow | ||||||
| Free Cash Flow | -7.33B | -46.72B | 16.37B | 23.64B | 11.58B | 68.53B |
| Operating Cash Flow | 32.05B | 32.73B | 89.77B | 56.24B | 37.61B | 77.70B |
| Investing Cash Flow | -38.22B | -76.39B | -71.60B | -31.51B | -20.89B | -7.63B |
| Financing Cash Flow | 8.35B | 48.90B | -21.96B | -19.85B | -17.35B | -70.25B |
NLC India Limited Technical Analysis
Negative
292.95
Price Trends
257.29
Negative
280.36
Negative
282.34
Negative
Market Momentum
-8.53
Positive
35.57
Neutral
26.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NLCINDIA, the sentiment is Negative. The current price of 292.95 is above the 20-day moving average (MA) of 242.23, above the 50-day MA of 257.29, and above the 200-day MA of 282.34, indicating a bearish trend. The MACD of -8.53 indicates Positive momentum. The RSI at 35.57 is Neutral, neither overbought nor oversold. The STOCH value of 26.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NLCINDIA.
NLC India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹3.06T | 11.05 | ― | 2.85% | 2.36% | 15.88% | |
61 Neutral | ₹87.24B | 23.20 | ― | 1.90% | 5.95% | -31.46% | |
56 Neutral | ₹316.01B | 9.68 | ― | 1.69% | 16.85% | 12.22% | |
56 Neutral | ₹3.65T | 20.00 | ― | ― | 8.20% | 51.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹916.74B | 38.67 | ― | 0.40% | 26.38% | 11.53% | |
48 Neutral | ₹73.99B | -23.59 | ― | 2.08% | 2.87% | -109.96% |
* General Sector Average
IN:NLCINDIA
NLC India Limited
227.90
-27.62
-10.81%
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NLC India Limited Corporate Events
NLC India inks MoUs for Rs 37,000 crore power and mineral projects in Odisha
Oct 22, 2026
NLC India Limited has signed multiple Memoranda of Understanding with the Industrial Promotion and Investment Corporation of Odisha Limited to drive major energy and mineral projects in Odisha. The collaboration underlines NLCIL’s strategy t...
NLC India Updates AGM Notice to Formalize New CMD Appointment
Sep 18, 2026
NLC India Limited has issued a corrigendum to its notice for the 70th Annual General Meeting, scheduled for September 29, 2026, to reflect a key leadership change approved by the Ministry of Coal. The President of India has cleared the appointment...
NLC India Files Consolidated Sustainability Report for FY 2025-26
Sep 7, 2026
NLC India Limited has submitted its Business Responsibility and Sustainability Report for the 2025-26 financial year to the stock exchanges, integrating it into its annual reporting cycle in line with SEBI’s disclosure requirements. The repo...
NLC India to Hold 70th AGM via Video Conferencing, Streamlines E-Voting and Investor Data Updates
Sep 6, 2026
NLC India Limited has announced that its 70th Annual General Meeting will be held on September 29, 2026, at 3:00 p.m. IST via video conferencing and other audio-visual means, in line with applicable provisions of the Companies Act and regulatory c...
NLC India Wins Composite Licence for Critical Mineral Blocks in Telangana
Aug 31, 2026
NLC India Limited has received a Letter of Intent from the Government of Telangana granting a composite licence for the Govindpur and Parvathapur Vanadium, Titanium and Aluminous Laterite blocks in Sangareddy district. The company secured these as...
NLC India to Hold Mumbai Investor Meetings Under SEBI Disclosure Norms
Aug 27, 2026
NLC India Limited has scheduled one-on-one physical meetings with institutional investors in Mumbai on September 1, 2026, between 11:00 and 16:00 hours, in line with its disclosure obligations under SEBI’s Listing Regulations. The company ha...
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.