NLC India Limited

BSE: NLCINDIA513683ISIN INE589A01014

Utilities
Power Generation
BSE 500

Share price

₹248.40+18.25 (+7.93%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹387.70
52W low: ₹222.20
Off 52W high: -35.93%
1M return: -1.53%
3M return: -18.06%
6M return: -22.86%
1Y return: -5.23%
20D avg volume: 95,417
50 DMA: ₹255.52
200 DMA: ₹282.40

Key ratios Consolidated

Market cap: ₹34,444 Cr
Current price: ₹248.40
52W high / low: ₹387.70 / ₹222.20
Face value: ₹10.00
P/E: 10.23
P/B: 1.47
EPS (TTM): ₹24.28
Book value / share: ₹168.76
ROE: —
ROCE: 7.70%
Operating margin: —
Net margin: —
Debt / equity: 1.10
Net debt: ₹27,090 Cr
Interest cover: 3.43
Dividend yield: 1.55%
Dividend / share (TTM): ₹3.85
Payout: 15.86%
Cash conversion cycle: 89.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	4,732	4,717	5,042	4,443	4,178	3,826	3,836	4,411	3,657	3,376	3,541	3,164
	94.26	151.10	154.76	364.05	168.31	290.24	135.90	486.47	712.84	264.55	493.93	84.99
	4,827	4,868	5,197	4,807	4,347	4,116	3,972	4,898	4,370	3,641	4,035	3,249
	4,531	4,293	4,327	3,829	3,616	3,729	3,880	3,279	3,173	2,917	3,600	2,911
	1,164	1,042	1,037	778.36	825.33	776.33	514.07	520.67	777.21	449.96	435.84	483.10
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	588.10	588.09	649.69	704.67	615.36	578.93	1,094	658.89	695.14	631.80	694.57	652.39
	437.57	382.12	364.31	269.30	289.18	298.79	325.30	236.54	179.83	189.49	199.18	205.37
	728.53	665.92	694.77	596.55	547.94	539.32	580.52	457.90	412.62	433.23	462.35	446.11
	1,508	1,408	1,934	1,316	1,451	1,283	1,621	1,416	1,200	1,033	2,011	1,186
	295.95	574.46	870.08	977.68	731.00	386.89	91.44	1,619	1,197	723.88	434.53	338.16
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	295.95	574.46	870.08	977.68	731.00	386.89	91.44	1,619	1,197	723.88	434.53	338.16
	-863.31	215.28	36.20	118.68	196.61	-245.55	443.72	133.81	151.01	255.02	51.65	147.97
	1,328	436.33	1,481	724.01	724.80	839.21	468.46	696.03	982.41	566.69	113.95	254.10
	9.96	3.49	10.05	5.22	5.23	6.05	3.38	9.75	7.71	4.09	0.82	1.83
Key metrics
	1,462	1,622	1,929	1,844	1,568	1,225	997.26	2,313	1,789	1,347	1,096	989.64
	30.90%	34.40%	38.30%	41.50%	37.50%	32.00%	26.00%	52.40%	48.90%	39.90%	31.00%	31.30%
	28.10%	9.30%	29.40%	16.30%	17.30%	21.90%	12.20%	15.80%	26.90%	16.80%	3.20%	8.00%
	1.30%	—	2.30%	—	2.00%	—	0.90%	—	—	—	—	—
	13.30%	23.30%	31.50%	0.70%	14.20%	13.30%	8.30%	39.40%	—	—	—	—
	83.20%	-48.00%	216.20%	4.00%	-26.20%	48.10%	311.10%	173.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	18,935	17,490	15,283	12,999	16,165	11,948	9,846	10,321	9,871	11,288
	764.17	977.36	1,606	947.41	1,218	598.02	1,952	1,272	907.54	575.95
	19,699	18,467	16,889	13,946	17,383	12,546	11,798	11,593	10,778	11,864
	16,981	15,501	13,259	12,138	13,136	10,678	9,936	9,382	9,397	9,054
	4,022	3,417	2,262	1,744	2,200	1,177	1,563	1,534	—	1,661
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,531	2,549	3,076	2,708	2,579	2,690	2,755	2,875	3,027	3,163
	1,453	1,222	931.76	849.30	1,012	983.78	1,313	1,174	699.92	547.85
	2,686	2,379	1,884	1,825	1,801	1,909	1,584	1,334	—	—
	6,165	5,984	5,281	5,251	5,339	3,442	2,776	2,383	—	—
	2,718	2,966	3,631	1,809	4,247	1,868	1,862	2,211	1,381	2,810
	0.00	0.00	0.00	0.00	-12.32	389.83	-70.82	-3.44	-35.21	59.44
	2,718	2,966	3,631	1,809	4,235	2,258	1,791	2,208	1,346	2,870
	-493.15	105.94	983.56	1,014	630.66	1,488	909.03	892.95	1,024	863.89
	3,970	3,769	2,714	1,868	1,426	1,116	1,345	1,453	1,537	1,957
	28.72	25.40	19.57	13.47	10.28	8.05	9.70	10.48	—	—
Key metrics
	6,857	6,566	6,447	4,483	7,047	5,151	4,688	4,716	2,046	3,418
	36.22%	37.50%	42.20%	34.50%	43.60%	43.10%	47.60%	45.70%	20.70%	30.30%
	20.97%	21.60%	17.80%	14.40%	8.80%	9.30%	13.70%	14.10%	15.60%	17.30%
	—	7.70%	9.70%	—	—	—	—	—	—	—
	16.51%	14.40%	17.60%	-19.60%	35.30%	21.30%	-4.60%	4.60%	-12.60%	—
	45.49%	38.90%	45.30%	31.00%	27.80%	-17.10%	-7.40%	-5.50%	-21.40%	—
	—	5,166	1,637	—	—	—	—	—	—	—
	—	1.37	3.31	—	—	—	—	—	—	—
	—	1.10	1.02	—	—	—	—	—	—	—
	—	27,090	22,205	—	—	—	—	—	—	—
	—	89.1	75.4	—	—	—	—	—	—	—
Balance sheet
	—	65,202	57,851	—	—	—	—	—	—	—
	—	8,444	8,021	—	—	—	—	—	—	—
	—	711.48	186.96	—	—	—	—	—	—	—
	—	3,338	3,141	—	—	—	—	—	—	—
	—	2,281	1,913	—	—	—	—	—	—	—
	—	1,500	1,398	—	—	—	—	—	—	—
	—	36,344	30,486	—	—	—	—	—	—	—
	—	1,350	1,898	—	—	—	—	—	—	—
	—	10,563	10,707	—	—	—	—	—	—	—
	—	27,802	22,392	—	—	—	—	—	—	—
	—	4,770	3,901	—	—	—	—	—	—	—
	—	23,032	18,491	—	—	—	—	—	—	—
	—	25,274	21,945	—	—	—	—	—	—	—
Cash flow
	—	5,166	8,977	—	—	—	—	—	—	—
	—	-7,549	-7,160	—	—	—	—	—	—	—
	—	2,907	-2,196	—	—	—	—	—	—	—
	—	0.00	7,340	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,691	2,872	2,918	2,885	2,565	2,496	2,723	2,775	2,139	2,647	2,931	2,516
	101.55	119.74	283.94	363.34	239.58	284.17	375.53	218.52	346.03	254.40	442.55	69.05
	2,792	2,991	3,202	3,248	2,804	2,780	3,099	2,993	2,485	2,902	3,373	2,585
	2,510	2,508	2,552	2,555	2,317	2,461	2,855	2,504	2,203	2,234	2,853	2,266
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	551.34	554.84	612.31	673.30	590.19	557.56	1,065	639.47	678.51	617.12	680.17	635.92
	148.16	127.83	127.98	131.89	122.79	131.25	134.86	135.76	143.18	148.70	150.73	156.04
	356.38	336.63	382.23	378.38	350.49	341.78	378.71	329.35	317.42	342.62	362.76	351.44
	1,364	1,292	1,758	1,220	1,364	1,215	1,523	1,369	1,171	1,007	1,856	1,162
	282.67	483.25	650.64	692.99	487.63	318.96	243.98	489.20	282.52	667.07	519.83	319.08
	0.00	0.00	0.00	0.00	194.14	0.00	0.00	—	—	—	—	—
	282.67	483.25	650.64	692.99	487.63	318.96	243.98	489.20	282.52	667.07	519.83	319.08
	-782.20	174.39	12.10	144.75	196.28	160.61	411.81	148.30	163.17	234.56	48.82	130.29
	1,205	374.28	1,243	427.92	485.49	368.17	656.23	408.40	339.39	495.98	173.18	220.97
	8.69	2.70	8.97	3.09	3.50	2.66	4.73	2.58	1.38	3.58	1.25	1.59
Key metrics
	787.21	947.71	1,161	1,203	960.91	791.99	757.55	954.31	743.12	1,158	1,033	826.56
	29.30%	33.00%	39.80%	41.70%	37.50%	31.70%	27.80%	34.40%	34.70%	43.80%	35.30%	32.90%
	44.80%	13.00%	42.60%	14.80%	18.90%	14.80%	24.10%	14.70%	15.90%	18.70%	5.90%	8.80%
	1.50%	—	2.60%	—	2.00%	—	1.30%	—	—	—	—	—
	4.90%	15.10%	7.20%	4.00%	19.90%	-5.70%	-7.10%	10.30%	—	—	—	—
	148.20%	1.70%	89.50%	4.80%	43.00%	-25.80%	278.90%	84.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	11,366	10,864	10,286	10,519	12,955	9,856	7,250	7,916	7,146	8,496
	868.57	1,171	1,201	873.10	1,241	805.89	1,717	1,217	913.35	586.85
	12,235	12,035	11,487	11,392	14,196	10,662	8,967	9,133	8,059	9,083
	10,125	9,885	9,804	9,557	10,167	8,719	7,481	6,921	6,748	6,453
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,392	2,433	2,997	2,647	2,526	2,624	2,688	2,805	2,964	3,082
	535.86	513.90	562.50	642.89	755.63	783.78	980.63	820.38	390.09	204.98
	1,454	1,453	1,368	1,442	1,420	1,528	1,204	958.39	745.72	861.15
	5,634	5,558	5,082	5,015	5,197	3,306	2,662	2,255	2,405	2,262
	2,110	2,150	1,683	1,835	4,029	1,943	1,485	2,212	1,312	2,630
	0.00	0.00	0.00	—	-12.32	389.83	-46.79	-3.44	-35.21	59.44
	2,110	2,150	1,683	1,835	4,017	2,333	1,439	2,209	1,276	2,690
	-450.96	513.74	957.84	941.31	475.91	1,370	711.61	790.74	868.90	791.88
	3,251	2,525	1,900	1,847	1,248	1,237	1,042	1,414	1,267	1,849
	23.45	18.21	13.70	13.32	9.00	8.92	7.51	10.20	8.54	—
Key metrics
	4,099	4,117	3,613	3,919	6,192	4,645	3,624	3,988	2,412	3,756
	36.06%	37.90%	35.10%	37.30%	47.80%	47.10%	50.00%	50.40%	33.80%	44.20%
	28.60%	23.20%	18.50%	17.60%	9.60%	12.50%	14.40%	17.90%	17.70%	21.80%
	—	9.00%	7.90%	—	—	—	—	—	—	—
	7.65%	5.60%	-2.20%	-18.80%	31.40%	36.00%	-8.40%	10.80%	-15.90%	—
	69.46%	32.90%	2.90%	47.90%	0.90%	18.70%	-26.30%	11.60%	-31.50%	—
	—	-2,025	1,639	—	—	—	—	—	—	—
	—	1.00	2.97	—	—	—	—	—	—	—
	—	0.53	0.43	—	—	—	—	—	—	—
	—	10,067	7,362	—	—	—	—	—	—	—
	—	90.5	71.6	—	—	—	—	—	—	—
Balance sheet
	—	37,617	36,281	—	—	—	—	—	—	—
	—	5,173	6,253	—	—	—	—	—	—	—
	—	90.13	163.47	—	—	—	—	—	—	—
	—	1,857	1,884	—	—	—	—	—	—	—
	—	1,612	1,370	—	—	—	—	—	—	—
	—	1,144	1,257	—	—	—	—	—	—	—
	—	14,159	17,453	—	—	—	—	—	—	—
	—	777.96	1,234	—	—	—	—	—	—	—
	—	8,123	7,679	—	—	—	—	—	—	—
	—	10,157	7,525	—	—	—	—	—	—	—
	—	4,197	2,518	—	—	—	—	—	—	—
	—	5,960	5,007	—	—	—	—	—	—	—
	—	19,270	17,465	—	—	—	—	—	—	—
Cash flow
	—	2,513	5,645	—	—	—	—	—	—	—
	—	-3,839	-4,059	—	—	—	—	—	—	—
	—	1,252	-1,976	—	—	—	—	—	—	—
	—	4,538	4,006	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -5.70%
Sales CAGR 5Y: +8.43%
Profit CAGR 3Y: +26.47%
Profit CAGR 5Y: +19.37%
Sales YoY (TTM): +7.65%
Profit YoY (TTM): +69.46%

Consolidated

Sales CAGR 3Y: +2.66%
Sales CAGR 5Y: +12.18%
Profit CAGR 3Y: +38.26%
Profit CAGR 5Y: +22.88%
Sales YoY (TTM): +16.51%
Profit YoY (TTM): +45.49%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.47%

Quarter	September 2026	June 2026
Promoter %	69.47%	69.47%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA	Promoter	69.47%	69.47%	0.00%
NIPPON LIFE INDIA TRUSTEE LTD. (Under Various Sub accounts)	Public	5.58%	5.58%	0.00%
KOTAK MAHINDRA TRUSTEE CO (Under Various Sub Accounts)	Public	2.48%	—	—
STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNADU LTD	Public	1.94%	1.94%	0.00%
SBI LIFE INSURANCE CO. LTD	Public	1.68%	1.68%	0.00%
LIFE INSURANCE CORPORATION OF INDIA and LIFE INSURANCE CORPORATE OF INDIA P AND GS Fund	Public	1.15%	—	—
TAMILNADU INDUSTRIAL DEVELOPMENT CORPORATION LTD	Public	1.08%	1.08%	0.00%
CHARITABLE INSTITUTIONS	Public	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
NTPC Limited	3,11,942	321.70	10.24	8.60%	+7.39% TTM	+24.83% TTM	-2.72%
Adani Green Energy Limited	2,27,492	1,381.10	101.15	6.50%	+20.93% TTM	-3.27% TTM	+27.18%
JSW Energy Limited	93,306	508.90	33.61	7.50%	+26.38% TTM	+24.37% TTM	-3.57%
NHPC Limited	78,803	78.45	18.47	4.10%	+12.02% TTM	+23.69% TTM	-6.72%
NTPC GREEN ENERGY LIMITED	70,335	83.47	107.08	2.90%	+49.22% TTM	+8.45% TTM	-16.90%
NLC India Limited	34,444	248.40	10.23	7.70%	+16.51% TTM	+45.49% TTM	-5.23%
ACME Solar Holdings Limited	29,745	420.80	39.35	7.10%	+53.70% TTM	+57.50% TTM	+53.60%
SJVN LIMITED	22,026	56.05	22.27	5.90%	+98.93% TTM	+77.73% TTM	-35.83%
NAVA LIMITED	14,821	523.10	15.24	11.10%	+8.98% TTM	-29.91% TTM	-13.93%
Clean Max Enviro Energy Solutions Limited	14,670	1,247.35	78.18	5.10%	—	—	—
Juniper Green Energy Limited	14,495	254.75	—	—	—	—	—
Vedanta Power Limited	13,991	35.78	—	—	—	—	—
Jaiprakash Power Ventures Limited	9,444	13.78	19.17	6.80%	+5.95% TTM	-33.67% TTM	-23.15%
Reliance Power Limited	7,618	18.42	-24.04	4.90%	+2.87% TTM	-110.25% TTM	-54.76%
GMR Power and Urban Infra Limited	7,362	94.26	-47.42	18.30%	+4.38% TTM	-118.75% TTM	-23.24%
KPI Green Energy Limited	5,854	296.15	11.89	11.10%	+40.01% TTM	+32.95% TTM	-44.35%
RattanIndia Power Limited	3,507	6.53	19.34	6.30%	-4.08% TTM	+111.80% TTM	-39.59%
Gujarat Industries Power Co. Ltd S	2,638	169.95	5.25	4.20%	+23.78% TTM	+150.02% TTM	-4.87%
Ujaas Energy Limited S	2,442	183.05	373.57	5.60%	-26.01% TTM	-3.52% TTM	+45.22%
INSOLATION ENERGY LIMITED	1,609	72.98	—	19.20%	—	—	-59.77%
K.P. Energy Limited	1,138	167.90	6.25	32.80%	+74.28% TTM	+48.57% TTM	-63.41%
Orient Green Power Company Limited	1,035	8.82	15.47	8.10%	-0.14% TTM	+16.17% TTM	-36.91%
GVK Power & Infrastructure Ltd	324	2.05	-55.06	-1,357.80%	-100.00% TTM	+99.25% TTM	-38.25%
Surana Telecom And Power Limited	206	15.18	6.81	11.50%	+140.45% TTM	+35.38% TTM	-28.97%
WAAREE TECHNOLOGIES LIMITED S	196	182.30	-46.98	-62.90%	—	—	-29.65%

Filings & corporate actions

Recent announcements

OFS4 Nov 2026 · Company Update / General
Record date intimation4 Nov 2026 · Corp. Action / Record Date
Interim Dividend for FY 2026-274 Nov 2026 · Corp. Action / Dividend
Financial Results for Quarter and Half year ended Sep 20264 Nov 2026 · Result / Financial Results
Outcome of Board Meeting and Interim Dividend4 Nov 2026 · Board Meeting / Outcome of Board Meeting
The Board Meeting to be held on 02/11/2026 has been revised to 04/11/2026 The Board Meeting to be held on 02/11/2026 has been revised to 04/11/202631 Oct 2026 · Company Update / Board Meeting Rescheduled
Please refer the attachment.28 Oct 2026 · Company Update / General
NLC India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve NLC India Ltd has informed BSE that ....27 Oct 2026 · Board Meeting / Board Meeting
Please refer the attachment.22 Oct 2026 · Company Update / Press Release / Media Release
Please refer the attachment.22 Oct 2026 · Company Update / General
Please refer the attachment.20 Oct 2026 · Company Update / General
Please refer the attachment.14 Oct 2026 · Company Update / General
Please refer the attachment.12 Oct 2026 · Company Update / General
Please refer the attachment.5 Oct 2026 · Company Update / Change in Management
Please refer the attachment.3 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please refer the attachment.1 Oct 2026 · AGM/EGM / AGM
Please refer the attachment.30 Sep 2026 · Company Update / General
Please refer the attachment.30 Sep 2026 · Company Update / Newspaper Publication
Please refer the attachment.29 Sep 2026 · Company Update / Press Release / Media Release
Please refer the attachment.29 Sep 2026 · AGM/EGM / AGM
Please refer the attachment.29 Sep 2026 · Company Update / General
Please refer the attachment.29 Sep 2026 · Others / Outcome without intimation
Please refer the attachment.28 Sep 2026 · Company Update / General
Please Refer the attachment.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please refer the attachment.23 Sep 2026 · Company Update / General
Please refer the attachment.22 Sep 2026 · Company Update / General
Please refer the attachment.19 Sep 2026 · Company Update / Newspaper Publication
Please refer the attachment.18 Sep 2026 · AGM/EGM / AGM
Cessation of Shri Sanoj Kumar Jha as Chairman and Managing Director of the Company.17 Sep 2026 · Company Update / Change in Management
Please refer the attachment.17 Sep 2026 · Company Update / Change in Management
Please refer the attachment.17 Sep 2026 · Company Update / General
Please refer the attachment.9 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Please refer the attachment.8 Sep 2026 · Company Update / General
Please refer the attachment.8 Sep 2026 · Company Update / General
Pease refer the attachment.8 Sep 2026 · Company Update / Newspaper Publication
Please refer the attachment8 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please refer the attachment7 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please refer the attachment.7 Sep 2026 · AGM/EGM / AGM
Please refer the attachment.6 Sep 2026 · Company Update / Newspaper Publication
Please refer the attachment.5 Sep 2026 · Corp. Action / Book Closure

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.2500	22 Sep 2026	22 Sep 2026	—
Interim Dividend - Rs. - 3.6000	20 Jan 2026	20 Jan 2026	—
Final Dividend - Rs. - 1.5000	19 Sep 2025	19 Sep 2025	—
Interim Dividend - Rs. - 1.5000	7 Feb 2025	7 Feb 2025	—
Final Dividend - Rs. - 1.5000	17 Sep 2024	—	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
2 Nov 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results