Login
Products
Login
Home
Alerts
Search
Watchlist
Products

NLC India Ltd

NLCINDIA
NSE
315.70
1.47%
Last Updated:
05 May '26, 2:12 PM
Company Overview
Alert
Watchlist
Note

NLC India Ltd

NLCINDIA
NSE
315.70
1.47%
05 May '26, 2:12 PM
Company Overview
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
43,776Cr
Close
Close Price
315.70
Industry
Industry
Power - Generation/Distribution
PE
Price To Earnings
15.88
PS
Price To Sales
2.69
Revenue
Revenue
16,283Cr
Rev Gr TTM
Revenue Growth TTM
8.66%
PAT Gr TTM
PAT Growth TTM
16.85%
Peer Comparison
How does NLCINDIA stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
NLCINDIA
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
5,1343,3162,9783,1643,5413,3763,6574,4113,8363,8264,1784,443
Growth YoY
Revenue Growth YoY%
66.4-14.2-14.7-14.0-31.01.822.839.48.313.314.30.7
Expenses
ExpensesCr
3,4122,1222,1432,2602,9382,2942,5812,5882,9752,8912,7792,964
Operating Profit
Operating ProfitCr
1,7221,1948359056021,0821,0761,8248619351,4001,479
OPM
OPM%
33.536.028.028.617.032.029.441.322.424.433.533.3
Other Income
Other IncomeCr
71311225785494265713489136290168364
Interest Expense
Interest ExpenseCr
221231214205199189180237325299289269
Depreciation
DepreciationCr
472461455446462433413458581539548597
PBT
PBTCr
1,2566141,7014021658221,133830912594921843
Tax
TaxCr
42020061514852255151134444-246197119
PAT
PATCr
8374141,086254114567982696468839725724
Growth YoY
PAT Growth YoY%
152.8-27.3160.6164.1-86.437.0-9.5173.9311.748.1-26.24.0
NPM
NPM%
16.312.536.58.03.216.826.915.812.221.917.316.3
EPS
EPS
6.03.07.81.80.84.17.15.03.46.05.25.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
6,0887,79311,18611,2889,87110,3219,84611,94816,16513,00115,28316,283
Growth
Revenue Growth%
2.028.043.50.9-12.64.6-4.621.435.3-19.617.66.5
Expenses
ExpensesCr
4,1365,2696,9257,2757,5776,8737,0437,78510,3249,46610,44311,608
Operating Profit
Operating ProfitCr
1,9512,5244,2614,0142,2943,4472,8034,1635,8413,5364,8404,675
OPM
OPM%
32.032.438.135.623.233.428.534.836.127.231.728.7
Other Income
Other IncomeCr
1,0554655345862,0881,4062,3441,333-9732,0201,673959
Interest Expense
Interest ExpenseCr
1504675885487001,1741,3139841,0128499321,183
Depreciation
DepreciationCr
4419101,0441,2321,1211,3341,6111,9091,8011,8251,8842,264
PBT
PBTCr
2,3831,6113,1632,8212,5612,3452,2232,6032,0562,8823,6973,270
Tax
TaxCr
804637-1678641,0248939091,4886311,014984513
PAT
PATCr
1,5809743,3301,9571,5371,4521,3141,1151,4251,8672,7132,756
Growth
PAT Growth%
5.2-38.3241.8-41.2-21.4-5.5-9.5-15.127.831.045.31.6
NPM
NPM%
25.912.529.817.315.614.113.39.38.814.417.816.9
EPS
EPS
9.40.414.712.810.410.59.78.110.313.519.619.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
1,6781,6781,5291,5291,3871,3871,3871,3871,3871,3871,3871,387
Reserves
ReservesCr
13,19011,10410,59811,82311,38311,51812,09812,80313,78215,14417,33618,579
Current Liabilities
Current LiabilitiesCr
2,5394,0106,2067,61510,94613,08612,0866,2497,0777,94710,7079,394
Non Current Liabilities
Non Current LiabilitiesCr
7,97812,25514,48016,78720,46325,73025,82427,16228,36527,62925,19927,045
Total Liabilities
Total LiabilitiesCr
25,75229,68833,48738,44045,28053,48853,29249,78553,06854,94257,85160,943
Current Assets
Current AssetsCr
7,5759,8449,83510,13610,48813,08712,5807,5959,7809,2788,0217,619
Non Current Assets
Non Current AssetsCr
18,17719,84423,65228,30434,79240,40240,71242,19043,28845,66349,83052,446
Total Assets
Total AssetsCr
25,75229,68833,48738,44045,28053,48853,29249,78553,06854,94257,85160,943

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
1,0361,3011,2254,5331,6201,6474,3907,7464,1715,5128,977
Investing Cash Flow
Investing Cash FlowCr
-502-1,380-4,332-4,593-6,119-5,812-2,212-763-2,499-3,059-7,160
Financing Cash Flow
Financing Cash FlowCr
-1,23163-68984,4164,163-2,037-7,001-1,735-1,985-2,196
Net Cash Flow
Net Cash FlowCr
-696-17-3,17439-83-2140-18-62468-379
Free Cash Flow
Free Cash FlowCr
-196-390-2,998-104-4,627-4,2462,0686,8321,6182,3571,709
CFO To PAT
CFO To PAT%
65.6133.536.8231.7105.4113.4334.1694.6292.7295.2330.9
CFO To EBITDA
CFO To EBITDA%
53.151.528.8112.970.647.8156.6186.171.4155.9185.5

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
11,79411,89516,40912,8179,6446,1016,9968,67310,70331,62233,924
Price To Earnings
Price To Earnings
8.0139.07.46.66.44.25.57.97.717.112.9
Price To Sales
Price To Sales
1.91.51.51.11.00.60.70.70.72.42.2
Price To Book
Price To Book
0.80.91.41.00.80.50.50.60.71.91.8
EV To EBITDA
EV To EBITDA
7.36.16.26.012.28.911.97.35.615.111.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
103.4104.7103.999.497.599.2100.596.098.7101.8101.2
OPM
OPM%
32.032.438.135.623.233.428.534.836.127.231.7
NPM
NPM%
25.912.529.817.315.614.113.39.38.814.417.8
ROCE
ROCE%
12.110.516.513.610.39.38.79.98.29.611.3
ROE
ROE%
10.67.627.514.712.011.39.77.99.411.314.5
ROA
ROA%
6.13.39.95.13.42.72.52.22.73.44.7
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** NLC India Limited (NLCIL), established in 1956, is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, Government of India. With over 60 years of operational history, the company began as a key player in **lignite mining and thermal power generation**, and has since evolved into a diversified energy conglomerate with a growing focus on **renewable energy, critical minerals, clean technologies, and sustainable development**. NLCIL operates an integrated **mine-to-power business model**, ensuring fuel security, cost efficiency, and operational resilience across its portfolio. The company is on a strategic transformation journey toward becoming a **leader in green energy**, while concurrently expanding its conventional power and mining footprint. --- ### **Core Business Segments** NLCIL's operations span four core sectors: 1. **Mining** – Lignite and coal 2. **Thermal Power Generation** – Lignite and coal-based 3. **Renewable Energy** – Solar, wind, hybrid & storage 4. **Marketing & Diversification** – Coal, raw materials, M-sand, critical minerals, and innovative byproduct utilization --- ### **Strategic Transformation: From Fossil Fuels to Green Energy** NLCIL has marked a **pivotal shift** from fossil-based operations to clean energy leadership: - **First CPSE to surpass 1 GW of renewable energy capacity**, underscoring its commitment to India's energy transition. - Targeting **10.11 GW of renewable energy capacity by 2030**, up from 1.43 GW currently, an over **sevenfold increase**. - Strategic investments in **solar parks (including Gujarat’s Khavda Solar Park), floating solar, hybrid projects, and battery storage systems (BESS)**. - **Waste-to-wealth initiatives** include installing solar on reclaimed mine land, M-sand production from overburden, and hydroponic/aeroponic farming in mined-out areas. --- ### **Mining Operations & Capacity Expansion** NLCIL is actively transforming into a **multi-mineral resource enterprise** beyond lignite: - **Current Mining Capacity:** - **Lignite:** 30.10 MTPA (from four mines in Tamil Nadu & Rajasthan) - **Coal:** 20 MTPA (Talabira II & III, Odisha) - **Future Targets (by FY 2029–30):** - **Total Mining Capacity:** **104.35 MTPA** - Lignite: **41.35 MTPA** (Mine-III, Neyveli – 11.5 MTPA; Bithnok expansion) - Coal: **62 MTPA** (via new blocks and projects) - **New Mining Projects:** - **Pachwara South (Jharkhand, 9 MTPA)** – via NUPPL, to fuel Ghatampur Power Plant - **Machhakata (Odisha, 30 MTPA)** – one of India’s largest coal mines - **North Dhadu (Jharkhand, 3 MTPA)**, **New Patrapara South (Jharkhand, 12 MTPA)** - **Investment in Mining:** ~₹15,226–15,600 crore (FY2025–30) #### **Entry into Critical Minerals** NLCIL has expanded into **strategic and critical minerals**: - **Awarded Semhardih and Raipura Phosphorite-Limestone blocks (Chhattisgarh)** under Tranche-V auction. - Plans to develop **1.0 MTPA critical minerals mining** by 2030. - Exploring **overseas critical minerals acquisitions** with MoCoal and MoMines guidance. --- ### **Power Generation Portfolio** NLCIL operates a diversified power generation fleet: #### **Thermal Power** - **3,640 MW** from **five lignite-based thermal power stations** (Neyveli: 4, Barsingsar: 1) - **1,000 MW** coal-based power via joint venture **NTPL** - **Total Operational Thermal Capacity:** **5,300 MW** - **Future Expansion:** - **Ghatampur Thermal Power Project (1,980 MW)** – 660 MW already commissioned in Dec 2024; remaining units under construction. Uses **supercritical technology** with FGD and SCR for low emissions. - **Talabira Thermal Power Project (3x800 = 2,400 MW)** – Ultra-Supercritical plant with conveyor-based coal supply; ~Rs 27,000 crore investment. - **Total Target Thermal Capacity by 2030:** **10,020 MW** #### **Renewable Energy (RE)** - **Current RE Capacity:** ~1.43 GW - **2,115 MW Under Implementation** across Gujarat, Rajasthan, Tamil Nadu, and Assam - **Key Projects:** - **600 MW Solar, Khavda (Gujarat)** – via Power Purchase Agreement (PPA) with GUVNL - **250 MW / 500 MWh BESS (Tamil Nadu)** – under Viability Gap Funding (VGF) - **200 MW Wind Project** – acquired from SJVN - **150 MW Wind-Solar Hybrid** – pan-India rollout - **50 MW Solar on Mined-Out Land (Neyveli)** – India’s first - **Joint Ventures for RE:** - **NIRL + RVUNL (Rajasthan):** 2,000 MW solar - **NIRL + APDCL (Assam):** 1,000 MW RE - **NIRL + MAHAPREIT (Maharashtra):** 5,000 MW RE (MoU signed May 2025) --- ### **Innovation & Clean Technology Initiatives** NLCIL is investing in **R&D and pilot projects** to unlock value from lignite and mining waste: #### **Lignite Gasification & Derivatives** - **Lignite-to-Methanol Project (0.4 MTPA, Neyveli):** ₹4,395 crore capex; 1,200 TPD design with **EIL as PMC**; targeted completion: March 2027 - **Lignite-to-Diesel Feasibility Study:** In collaboration with LEMAR (USA) - **Integrated Gasification Combined Cycle (IGCC):** MoU with BHEL for lignite-to-syngas pilot #### **Byproduct Utilization** - **Fly Ash to Rare Earth Elements (REEs):** MoU with **BARC** to extract REEs for clean energy and defense applications - **Activated Carbon from Lignite Sludge:** Eco-friendly, high-value product from industrial waste - **Geopolymer Bricks from Ash:** Solar-powered, chemical-free production - **M-Sand from Overburden:** 2.62 LCM production at Neyveli; replicable model #### **Hydroponics & Aeroponics** - High-tech farming using IoT sensors on reclaimed land - Collaboration with **IISc, Anna University**, and NIT Trichy - Projects include **smart aeroponics, chemical-free wastewater treatment, and solar greenhouses** --- ### **Subsidiaries and Partnerships** NLCIL has strengthened its strategic position through dedicated subsidiaries and alliances: #### **Subsidiaries** - **NLC India Renewables Ltd (NIRL):** Manages and scales all renewable assets - **NLC India Green Energy Ltd (NIGEL):** Focus on future RE projects (6 GW target by 2030) - **Neyveli Lignite Mining Company Ltd (NUPPL):** 51:49 JV with UPRVUNL for Ghatampur Power Project - Various state-level JVs: e.g., **NIRL + RVUNL, APDCL, MAHAPREIT** #### **Key Partnerships** - **IIT Madras:** R&D on carbon capture and clean energy - **IISc Bangalore, NIT Trichy, NIT Puducherry:** Innovations in farming, materials, and clean tech - **BHEL, BARC, PDIL, WAPCOS, L&T, Tata:** Engineering, R&D, and EPC support - **PKF International Network (via PKF Sridhar & Santhanam LLP):** Audit, tax, compliance --- ### **Sustainability & Environmental Initiatives** - **Digital Logistics Management System (DLMS)** at Talabira for real-time dispatch tracking - **Membrane-less wastewater treatment** via electrocoagulation (scalable, eco-friendly) - **Reclaimed land utilization:** 85 hectares repurposed for solar; 510 MW CPSU solar projects - **Flash graphene R&D** with NIT Puducherry: Enhances concrete strength using coal/lignite - **Innovation Incubation Centre (IIC)** with IISc and Anna University: Focus on environment, energy, and agriculture --- ### **Governance & Leadership** - **CMD:** Driving transformation into renewables, coal mining, and critical minerals - **Shri Kalasani Mohan Reddy** (Director - Planning & Projects): Key architect of geographic expansion and MoUs with Assam, Rajasthan. - **Shri Rakesh Kumar** (Former leadership contributor): Spearheaded SDO and MDO model adoption and capacity expansion. ---