NLCINDIA · NLC India Ltd · Electric Utilities
NLCINDIA · NLC India Ltd · Electric Utilities
As of 06 Nov close
52-week range
38.7% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹4,717 Cr
Revenue YoY
PAT YoY
-39.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.7
P/S (TTM)
2
Sector P/E
22.3
Dividend yield
+1.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NLCINDIA (this stock) | 13.4 | 1.7 | +17.5% | +14.9% | 1.3 | +1.5% |
| Adani Power | 30.1 | 6 | +24.1% | +21.9% | 0.84 | 0.0% |
| Power Grid Corporation of India | 16.8 | 2.5 | +40.4% | +18.9% | 1.47 | +3.3% |
| Adani Green Energy | 136.3 | 10.4 | +13.2% | +8.9% | 5.08 | 0.0% |
Promoter
falling 1q
FII
rising 2q
MF
9.46% (-0.03pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 10 Jun 2026 | The President of India acting through and represented by Ministry of Coal, Government of India. | SELL | 1,99,22,367 | ₹646 Cr |
| 10 Jun 2026 | The President of India acting through and represented by Ministry of Coal, Government of India. | SELL | 1,78,70,788 | ₹579 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- mediumcorporate actionbusiness-standard.com· 05 Nov 2026, 09:08 pmNalco's ₹30,000 cr brownfield aluminium smelter expansion gathers pace
- mediumcorporate actionthehindubusinessline.com· 04 Nov 2026, 08:26 pmNLC to sell 10 crore shares in renewable energy IPO
- lowthehindubusinessline.com· 03 Nov 2026, 09:38 amQ2 Results 03rd Nov Oct Live: SBI, NSE, Bajaj Finserv, Solar Ind, Fortis, Gujarat Fluoro, Bajaj Holdings, Lloyds Metals & Energy, Lupin, MCX, Emcure Pharma, AIA Engineering, Zydus Wellness to announce
- loweconomictimes.indiatimes.com· 23 Oct 2026, 06:00 amStocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
- lowthehindubusinessline.com· 15 Oct 2026, 07:32 amBuzzing stocks: Eyes on these 14 including LIC, Reliance, IDBI Bank, NLC India, Dr Reddy’s Lab, Morepen Lab, Aeroflex
- loweconomictimes.indiatimes.com· 30 Sept 2026, 06:00 amStocks in news: Tata Steel, KPI Green Energy, NLC India, Poonawalla Fincorp and Cummins India
- lowthehindubusinessline.com· 23 Sept 2026, 03:29 pmNLC India raises ₹500 crore via issuance of commercial papers
- lowthehindubusinessline.com· 18 Sept 2026, 09:00 amMarket to edge up as oil prices ease; IPO rush to cap upside
- unknownthehindubusinessline.com· 09 Sept 2026, 07:15 amStocks to watch today: Enviro Infra, NLC India, Berger Paints, Sanofi India, Fusion Finance and others
- mediumsector policyeconomictimes.indiatimes.com· 24 Aug 2026, 04:54 pmGlobal energy event poised to unlock Rs 45,000 crore investment potential for India's power sector
- loweconomictimes.indiatimes.com· 10 Aug 2026, 09:41 pmAhead of Market: 10 things that will decide stock market action on Tuesday
- lowthehindubusinessline.com· 10 Aug 2026, 09:03 pmBSE stock to enter the Nifty 50 index
- mediumcorporate actioneconomictimes.indiatimes.com· 04 Aug 2026, 06:18 amGovernment unveils offer for sale to dilute LIC stake
- mediumcorporate actioneconomictimes.indiatimes.com· 29 Jul 2026, 08:41 amInox Wind shares in focus after bagging Rs 1,600-crore order from NLC India
Concalls & investor presentations
AI-generatedKey takeaway: NLC India Limited provided a transcript of an Institutional Investors meet held on May 27, 2026, as part of its compliance with Regulation 30 of the Securities and Exchange Board of India. The document included a link to access the transcript and noted that audio or video recordings and transcripts of such meetings are made available simultaneously with their submission to recognized stock exchanges. The communication was addressed to both the National Stock Exchange of India and BSE Ltd., and it included details about the company's registered and corporate offices, along with contact information for the Company Secretary and Compliance Officer.
The document presented factual information regarding the meeting and compliance without expressing any particular sentiment.
Sourced from an exchange-filed transcript, dated 02 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: NLC India Limited's investor presentation detailed the company's financial and operational highlights for FY2026. The presentation reported a revenue from operations of ₹17,490 crore, reflecting a 14% year-on-year growth, and a profit after tax of ₹3,769 crore, which marked a 39% increase. The company achieved significant milestones, including the highest-ever annual coal production of 19.14 million tonnes and the commencement of coal production at the Pachwara South coal mine. NLC India Limited also emphasized its commitment to renewable energy, with plans to reach 10 GW of renewable capacity by 2030. The document outlined the company's strategic pivot towards a diversified energy platform, focusing on sustainability and social responsibility. Additionally, the presentation highlighted the company's strong financial position, with a market capitalization of ₹21,525 crore and a consistent dividend policy.
The presentation emphasized growth and strategic advancements in renewable energy.
Sourced from an exchange-filed presentation, dated 27 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: NLC India Limited provided a transcript of its Investors Conference Call held on February 10, 2026, as part of its compliance with Regulation 30 of the Securities and Exchange Board of India. The document included details on how to access the transcript through the company's website, specifically under the section for disclosures related to analysts or institutional investors. The company emphasized the availability of audio or video recordings and transcripts of its earnings calls, which are submitted simultaneously to recognized stock exchanges. The communication was signed by the Company Secretary and Compliance Officer, Sushanta Kumar Panda.
The document presented factual information regarding the conference call and compliance without expressing any particular sentiment.
Sourced from an exchange-filed transcript, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedNLC India Limited's FY2025-26 annual report highlights the company's strategic focus on transitioning toward renewable energy and expanding its clean technology initiatives while maintaining core operations in coal mining and power generation. The report emphasizes the company's commitment to sustainability, resilience, and alignment with national energy goals, including Management's stated target of 500 GW of non-fossil capacity by 2030. It outlines efforts in enhancing energy storage, critical minerals, and green hydrogen production, alongside continued investment in coal and lignite resources to ensure reliable power supply. The company also details its governance practices, stakeholder engagement, and compliance with regulatory frameworks.
- Strategic transition toward renewable energy and clean technology initiatives
- Commitment to sustainability and alignment with national energy goals
- Enhanced focus on energy storage, critical minerals, and green hydrogen production
- Continued investment in coal and lignite resources for reliable power supply
- Robust governance practices and stakeholder engagement
Key takeaway: NLC India Limited is strategically transitioning toward renewable energy and clean technology while maintaining its core operations in coal and lignite, aligning with national energy goals and sustainability commitments.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (3 items); Regulatory Action (4 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
3 occurrencesRecent (last 12 months)
The auditor issued a modified opinion due to non-compliance with DPE Guidelines on Corporate Governance regarding Board and Audit Committee composition, including lack of Independent Directors and a Woman Director.
Earlier (1-3 years ago)
The auditor noted that the Company's Board of Directors did not comply with the requirements for the requisite number of Independent Directors as prescribed under the DPE Guidelines on Corporate Governance.
The auditor issued a modified opinion due to non-compliance with DPE Guidelines on Corporate Governance regarding Board and Audit Committee composition, quorum requirements, and lack of training for new directors.
Regulatory Action
4 occurrencesRecent (last 12 months)
The company was fined ₹14,160/- (including GST) each by NSE and BSE for non-compliance with Regulation 57 of the SEBI (LODR) Regulations, 2015, regarding delayed submission of a certificate related to payment obligations on bonds in FY 2024-25.
Earlier (1-3 years ago)
The company was levied a penalty by Stock Exchanges for non-compliance with board composition rules. The company requested a waiver, citing its status as a Government Company.
NLC India Limited received fines of ₹14,160/- (including GST) each from NSE and BSE for non-compliance with Regulation 57 of the SEBI (LODR) Regulations, 2015 regarding delayed submission of a certificate related to payment obligations on bonds.
Older (3+ years ago)
The company was non-compliant with board composition rules, including having less than 50% independent directors and not appointing an independent director from the holding company's board. Stock exchanges levied a penalty for this non-compliance, and the company requested a waiver due to being a government company.
Default / Covenant Breach
2 occurrencesEarlier (1-3 years ago)
The company has statutory dues in arrears for more than six months as of 31st March 2024, except for Royalty, with specific details provided in the statement of arrears.
Older (3+ years ago)
NLCIL billed customers ₹386.51 Crore for disputed tax assessments under the VSVS scheme, but ₹122.13 Crore of this was for non-core business expenses which should not have been recovered from customers, leading to overstatement of trade receivables and profit.
Routine disclosures
Internal Control Weakness
1 occurrenceRecent (last 12 months)
The company has identified a material weakness in its internal controls over financial reporting.
Contingent Liability
4 occurrencesRecent (last 12 months)
The company discloses that pending appeals against adverse orders from CERC/SERC, the impact is not considered as Regulatory Deferral Liability but is disclosed under Contingent Liability.
Earlier (1-3 years ago)
NLC India Limited has disclosed contingent liabilities related to pending appeals against adverse orders from CERC/SERC, which are not considered as Regulatory Deferral Liabilities.
The company faces contingent liabilities and commitments related to litigations including direct and indirect taxes and various claims filed by other parties not acknowledged as debt.
Older (3+ years ago)
The company has a contingent liability of ₹ 12,233.31 Crore, including ₹ 5,297.57 Crore for land acquisition compensation claims and ₹ 1,566.74 Crore for disputed direct and indirect tax liabilities, all pending legal outcomes.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
The company extended an unsecured inter-company loan of ₹513.35 Crore to NLC India Renewables Limited, a wholly owned subsidiary, using proceeds from an External Commercial Borrowing facility.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has pending disputes with tax authorities including Income Tax, Service Tax, and GST, with demands ranging from 0.03 to 0.11 crore and disputes pending before various forums like ITAT, CESTAT, and High Courts.
Earlier (1-3 years ago)
The company has disputed income tax dues for various fiscal years (2006-07 to 2018-19) with amounts in dispute pending resolution before the Assessing Officer, ITAT, and High Court.
Management & Board Governance
2 occurrencesRecent (last 12 months)
NLC India Limited has not complied with the requirement to have at least one Woman Director on its Board as per the provisions of the Act.
Earlier (1-3 years ago)
The company's Board of Directors and Audit Committee did not comply with the required number of Independent Directors as per DPE Guidelines on Corporate Governance from 01.11.2024 to 31.03.2025. Additionally, the requirement for at least one Woman Director on the Board was not met during the same period.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
2.49% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).