NLC India Ltd
Utilities | Mid Cap
NLC India Ltd, operating in the Power & Utilities sector, demonstrates a mixed financial performance. The company shows strong growth and profitability, balanced by some weaknesses in liquidity, efficiency and financial ratios. NLC India exhibits robust expansion in revenue, operating profit, and earnings per share, complemented by high return on equity and operating margins. However, the company faces challenges in short-term financial obligations and asset utilization. While solvency is reasonable, there are areas needing attention to optimize asset use and manage debt effectively. Overall, the company presents a blend of high-growth potential and operational challenges, requiring strategic financial management to capitalize on opportunities and mitigate risks.
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- Valuation MetricsUndervalued
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio10.00
- Financial Ratio3.20
- Profitability Ratio9.60
- Efficiency Ratio3.67
- Coverage Ratio8.80
- Solvency Ratio6.80
- Liquidity Ratio3.08
- Peer Assessment
- Management AssessmentBalanced
- Risk AssessmentBalanced
- 1 HourBullish
- 2 HoursNeutral
- 4 HoursBullish
- 1 DayNeutral
- 1 WeekBullish
- 1 MonthBullish
NLC India Ltd, operating in the Power & Utilities sector, demonstrates a mixed financial performance. The company shows strong growth and profitability, balanced by some weaknesses in liquidity, efficiency and financial ratios. NLC India exhibits robust expansion in revenue, operating profit, and earnings per share, complemented by high return on equity and operating margins. However, the company faces challenges in short-term financial obligations and asset utilization. While solvency is reasonable, there are areas needing attention to optimize asset use and manage debt effectively. Overall, the company presents a blend of high-growth potential and operational challenges, requiring strategic financial management to capitalize on opportunities and mitigate risks.
Overall Valuation Score
P/E RATIO (TTM)
17.67
Industry Median
13.10
Mid Cap Median
21.33
P/E RATIO
12.67
P/B RATIO
2.08
Industry Median
3.02
Mid Cap Median
2.94
P/S RATIO
2.56
Industry Median
2.21
Mid Cap Median
2.61
Others
PEG RATIO
0.50
EV/EBITDA RATIO
8.96
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹321.7 as on Jun 20, 2026.
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The growth ratios demonstrate strong expansion across various metrics. High growth in revenue, operating profit, EPS, assets, and net income underscores the company's robust performance and market success. This suggests that the company is effectively expanding its operations and increasing profitability.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 21.48 | 33.93 | -19.57 | 17.85 | 14.15 |
| Operating Profit Growth Rate | 51.03 | 45.28 | -40.1 | 38.07 | 17.72 |
| Earnings Per Share (EPS) Growth | -14.72 | 27.79 | 32.77 | 41.36 | 34.39 |
| Asset Growth Rate | -6.56 | 6.6 | 3.54 | 5.3 | 12.6 |
| Net Income Growth Rate | -15.07 | 27.78 | 31 | 45.29 | 38.87 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
The financial ratios present a mixed picture of the company's financial health. While dividend per share is reasonable, adjusted EPS, cash EPS, book value per share, and capital expenditures need improvement. This mixed performance calls for a more strategic approach to financial management to optimize overall financial health.
| Financial Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | 5.77 | 16.98 | 7.87 | 19.7 | 28.95 |
| Cash Earnings Per Share (Cash EPS) | 21.81 | 23.27 | 26.63 | 33.15 | 44.33 |
| Book Value Per Share | 102.31 | 109.37 | 119.19 | 134.99 | 155.19 |
| Dividend Per Share (DPS) | 1.5 | 3.52 | 2.94 | 3.02 | 3.81 |
| Capital Expenditures (CapEx) | 914 | 2553 | 3156 | 7268 | 7640 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
The profitability ratios indicate a strong performance, marked by high gross profit margin, ROCE, ROE, operating margin, and net margin. Although ROA is average, overall the company is profitable. This suggests effective cost management and operational efficiency. This reflects positively on the company's financial health.
| Profitability Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Profit Margin | 16.92 | 24.37 | 12.41 | 18.69 | 18.35 |
| Return on Capital Employed (ROCE) | 8 | 13 | 7 | 11 | 10 |
| Return on Equity (ROE) | 7.86 | 9.4 | 11.3 | 14.5 | 17.51 |
| Return on Assets (ROA) | 7.93 | 10.81 | 6.25 | 8.2 | 8.57 |
| Operating Margin | 32.73 | 35.51 | 26.44 | 30.98 | 31.95 |
| Net Margin | 9.25 | 8.82 | 14.37 | 17.71 | 21.55 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
The efficiency ratios suggest some challenges in asset management and operational efficiency. While inventory turnover is reasonable, fixed asset and capital turnover are not optimal. Receivable collection also needs attention. The company should focus on optimizing asset utilization and streamlining operations.
| Efficiency Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | 0.49 | 0.67 | 0.56 | 0.5 | 0.48 |
| Inventory Turnover Ratio | 6.96 | 9.96 | 8.27 | 7.13 | 6.73 |
| Receivables Turnover Ratio | 2.15 | 4.05 | 3.24 | 4.44 | 5.4 |
| Days Sales in Inventory Ratio | 52.44 | 36.65 | 44.14 | 51.19 | 54.23 |
| Receivable Days | 169.77 | 90.12 | 112.65 | 82.21 | 67.59 |
| Capital Turnover Ratio | 0.37 | 0.48 | 0.36 | 0.41 | 0.39 |
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Capital Turnover Ratio
The coverage ratios suggest a strong ability to meet interest and dividend obligations. A high interest coverage ratio indicates the company can comfortably pay its interest expenses, while a strong equity dividend coverage ratio signals the company's capacity to sustain dividend payouts. This reflects the company's financial stability and attractiveness to investors.
| Coverage Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Interest Coverage Ratio | 3.65 | 3.03 | 4.39 | 4.97 | 4.17 |
| Equity Dividend Coverage Ratio | 5.26 | 2.86 | 4.55 | 6.25 | 6.67 |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
NLC India Ltd.'s solvency position indicates a stable financial structure. The debt and equity ratios show a balanced approach to funding, while the debt-to-asset ratio reveals effective use of assets to manage debt. A balanced solvency position provides stability and reduces risk. This reflects positively on the company's long-term financial health.
| Solvency Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debt Ratio | 0.57 | 0.55 | 0.54 | 0.5 | 0.52 |
| Debt to Equity Ratio | 1.33 | 1.22 | 1.17 | 1 | 1.08 |
| Equity Ratio | 0.43 | 0.45 | 0.46 | 0.5 | 0.48 |
| Debt To Asset Ratio | 0.38 | 0.35 | 0.35 | 0.32 | 0.35 |
Debt Ratio
Debt to Equity Ratio
Equity Ratio
Debt To Asset Ratio
The liquidity position indicates potential challenges in meeting short-term obligations. While the operating cash flow ratio offers some buffer, the current and cash ratios suggest limited immediate solvency. The quick ratio score indicates the company's ability to meet its short-term liabilities with its most liquid assets. This mixed performance calls for careful management of working capital to ensure smoother operations.
| Liquidity Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Current Ratio | 0.71 | 0.74 | 0.72 | 0.58 | 0.7 |
| Quick Ratio | 0.64 | 0.68 | 0.64 | 0.48 | 0.58 |
| Cash Ratio | 0.02 | 0.01 | 0.04 | 0.02 | 0.04 |
| Operating Cash Flow Ratio | 0.46 | 0.21 | 0.29 | 0.43 | 0.25 |
Current Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Nava Ltd | 8.41 | 22.36 | Neutral | 1717.00 | 32.24 | 1039.00 |
| 2 | Techno Electric & Engineering Company Ltd | 7.62 | 26.49 | Neutral | 462.00 | 44.43 | 474.00 |
| 3 | CESC Ltd | 6.91 | 14.52 | Undervalued | 3447.00 | 6.43 | 1618.00 |
| 4 | NLC India Ltd | 6.29 | 12.67 | Undervalued | 5588.00 | 18.21 | 3769.00 |
| 5 | Reliance Power Ltd | 5.37 | -32.22 | Neutral | 2363.00 | 0.03 | -337.00 |
The management of NLC India exhibits a mixed performance. The company demonstrates robust profit growth and consistent dividend payouts, reflecting positively on financial management. However, fluctuating sales growth, a high debt level, and a reduction in promoter holding raise concerns. The management's ability to balance growth with financial prudence and maintain stakeholder confidence is critical.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Compounded Profit Growth (3Y) | 51% | Strong profit growth |
| Dividend Payout % (Mar 2025) | 16% | Consistent dividend payout | |
| CONS | YOY Sales Growth % (Mar 2024) | -19.59% | Sales growth variability |
| Debt/Equity Ratio (Mar 2025) | 1.29 | High level of debt | |
| Promoter Holding (Mar 2025) | 72.20% | Reduction in Promoter Holding |
Financial Performance & Growth
NLC India's financial performance shows a mix of strengths and weaknesses. While profit growth is strong, sales growth has been inconsistent, impacting overall stability. The company's operating profit margin (OPM) has fluctuated, reflecting changes in operational efficiency. Other income significantly contributes to the profit before tax.
| Metric | 2014-2016 | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Sales Growth % | 12.53% | -1.34% | 10.42% | 33.92% | -19.59% | 17.57% |
| Compounded Profit Growth | N/A | N/A | N/A | 13% | 51% | 144% |
| OPM % | 30% | 34% | 31% | 36% | 26% | 32% |
Capital Efficiency & Returns
NLC India's ROCE and ROE have fluctuated over the years, indicating varying levels of capital productivity and shareholder returns. The cash conversion cycle indicates the efficiency of working capital management.
| Metric | 2014-2016 | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| ROCE % | 11% | 15% | 8% | 13% | 7% | 11% |
| ROE % | N/A | N/A | 10% | 13% | 10% | 12% |
| Cash Conversion Cycle | 152 | 178 | 198 | 96 | 106 | 75 |
Financial Health & Prudence
NLC India's debt management shows a high debt-to-equity ratio. The interest coverage ratio reflects the company's ability to cover its interest obligations. The dividend payout ratio indicates the portion of profits distributed to shareholders.
| Metric | 2014-2016 | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Debt/Equity Ratio | 0.47 | 1.25 | 1.71 | 1.61 | 1.48 | 1.29 |
| Interest Coverage Ratio | 10.67 | 5.21 | 2.38 | 5.67 | 4.03 | 5.20 |
| Dividend Payout % | 393 | 41 | 32 | 35 | 22 | 16 |
Shareholding & Ownership Structure
The shareholding pattern reveals a decrease in promoter holding and an increase in FII and DII participation.
| Metric | Dec 2015 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Promoter Holding | 90.00% | 81.91% | 79.20% | 79.20% | 72.20% | 72.20% |
| FIIs | 0.07% | 0.39% | 1.05% | 0.67% | 2.39% | 2.91% |
| DIIs | 4.79% | 10.23% | 5.71% | 6.89% | 13.38% | 14.63 |
NLC India's risk profile is moderate due to its financial leverage and fluctuating operational performance. While the company has shown strong operating cash flows, its high debt levels and inconsistent sales growth create vulnerabilities. The decrease in promoter holding adds to the risk.
Contingent liability evaluation
There is no specific data available on contingent liabilities. The absence of this information makes it difficult to assess the potential risks associated with off-balance-sheet obligations.
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 10322.36Bearish
- SMA 20317.56Bullish
- SMA 50315.54Bullish
- EMA 10320.88Bullish
- EMA 20319.17Bullish
- EMA 50319.26Bullish
- DEMA 10322.68Bearish
- DEMA 20321.45Bullish
- DEMA 50315.35Bullish
- TEMA 10322.48Bearish
- TEMA 20323.45Bearish
- TEMA 50318.34Bullish
- MACD1.83Bullish
- ADX21.70Weak Trend
- IndicatorValueSignal
- RSI56.86Neutral
- CCI58.73Neutral
- ROC 91.39Bullish
- ROC 143.41Bullish
- ROC 252.58Bullish
- Stoch K59.92Neutral
- Stoch D58.33Neutral
- IndicatorValueSignal
- BB Upper328.20Neutral
- BB Middle317.55Neutral
- BB Lower306.91Neutral
- ATR3.21Low Volatility
- IndicatorValueSignal
- MFI81.80Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 2 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 10318.66Bullish
- SMA 20317.06Bullish
- SMA 50322.76Bearish
- EMA 10319.75Bullish
- EMA 20318.63Bullish
- EMA 50322.75Bearish
- DEMA 10322.09Bearish
- DEMA 20318.33Bullish
- DEMA 50315.45Bullish
- TEMA 10323.31Bearish
- TEMA 20321.96Bearish
- TEMA 50311.76Bullish
- MACD0.26Bullish
- ADX15.39Weak Trend
- IndicatorValueSignal
- RSI54.22Neutral
- CCI84.22Neutral
- ROC 93.49Bullish
- ROC 142.58Bullish
- ROC 254.11Bullish
- Stoch K62.91Neutral
- Stoch D69.66Neutral
- IndicatorValueSignal
- BB Upper325.96Neutral
- BB Middle317.06Neutral
- BB Lower308.17Neutral
- ATR4.58Low Volatility
- IndicatorValueSignal
- MFI83.23Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 4 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10316.65Bullish
- SMA 20318.72Bullish
- SMA 50335.57Bearish
- EMA 10318.40Bullish
- EMA 20320.99Bullish
- EMA 50325.48Bearish
- DEMA 10318.01Bullish
- DEMA 20314.51Bullish
- DEMA 50328.47Bearish
- TEMA 10321.25Bullish
- TEMA 20314.17Bullish
- TEMA 50N/AN/A
- MACD-4.29Bullish
- ADX17.13Weak Trend
- IndicatorValueSignal
- RSI48.57Neutral
- CCI23.54Neutral
- ROC 91.64Bullish
- ROC 144.50Bullish
- ROC 25-6.40Bearish
- Stoch K76.27Neutral
- Stoch D65.47Neutral
- IndicatorValueSignal
- BB Upper335.53Neutral
- BB Middle318.72Neutral
- BB Lower301.91Neutral
- ATR7.80Low Volatility
- IndicatorValueSignal
- MFI68.73Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 33 Technical Indicators From The 1 Day Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10318.75Bullish
- SMA 20331.08Bearish
- SMA 50321.11Bullish
- SMA 100290.18Bullish
- SMA 200272.78Bullish
- EMA 10321.48Bullish
- EMA 20325.64Bearish
- EMA 50317.62Bullish
- EMA 100299.80Bullish
- EMA 200280.20Bullish
- DEMA 10315.76Bullish
- DEMA 20323.10Bearish
- DEMA 50337.80Bearish
- DEMA 100328.09Bearish
- DEMA 200307.55Bullish
- TEMA 10315.70Bullish
- TEMA 20313.50Bullish
- TEMA 50337.38Bearish
- TEMA 100340.82Bearish
- TEMA 200321.49Bullish
- MACD-2.89Bearish
- ADX22.30Weak Trend
- IndicatorValueSignal
- RSI47.71Neutral
- CCI-45.15Neutral
- ROC 14-4.36Bearish
- ROC 25-13.27Bearish
- Stoch K28.06Neutral
- Stoch D21.76Neutral
- IndicatorValueSignal
- BB Upper359.05Neutral
- BB Middle331.08Neutral
- BB Lower303.11Neutral
- ATR13.45Low Volatility
- IndicatorValueSignal
- MFI33.54Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 21 Technical Indicators From The 1 Week Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 20291.31Bullish
- SMA 50265.91Bullish
- EMA 20301.11Bullish
- EMA 50274.84Bullish
- DEMA 20329.19Bearish
- DEMA 50302.21Bullish
- TEMA 20341.75Bearish
- TEMA 50313.29Bullish
- MACD22.14Bullish
- ADX35.90Strong Trend
- IndicatorValueSignal
- RSI59.08Neutral
- CCI152.51Overbought
- ROC 1423.92Bullish
- ROC 2532.34Bullish
- Stoch K64.22Neutral
- Stoch D69.55Neutral
- IndicatorValueSignal
- BB Upper361.62Neutral
- BB Middle291.31Neutral
- BB Lower221.00Neutral
- ATR26.76High Volatility
- IndicatorValueSignal
- MFI73.50Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 25 Technical Indicators From The 1 Month Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 6283.69Bullish
- SMA 12265.88Bullish
- SMA 24257.68Bullish
- EMA 6295.88Bullish
- EMA 12275.48Bullish
- EMA 24250.81Bullish
- DEMA 6322.18Bullish
- DEMA 12301.69Bullish
- DEMA 24296.10Bullish
- TEMA 6335.38Bullish
- TEMA 12311.32Bullish
- TEMA 24297.92Bullish
- MACD50.43Bullish
- ADX43.06Strong Trend
- IndicatorValueSignal
- RSI66.92Neutral
- CCI140.03Overbought
- ROC 2543.41Bullish
- ROC 50455.64Bullish
- Stoch K62.18Neutral
- Stoch D65.17Neutral
- IndicatorValueSignal
- BB Upper317.98Overbought
- BB Middle254.93Neutral
- BB Lower191.89Neutral
- ATR44.27High Volatility
- IndicatorValueSignal
- MFI84.20Overbought