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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NLC India Ltd

About the Company - NLC India Ltd

NLC India Ltd. is a Public Limited Listed company incorporated on 14/11/1956 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L93090TN1956GOI003507 and registration number is 003507. Currently Company is involved in the business activities of Electric power generation by coal based thermal power plants. Company’s Total Operating Revenue is Rs. 9856.48 Cr. and Equity Capital is Rs. 1386.64 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionNo. 135, EVR Periyar High Road, Chennai (Madras) Tamil Nadu 600010investors@nlcindia.in
http://www.nlcindia.in
Management
NamePosition Held
Mr. Prasanna Kumar MotupalliChairman & Managing Director
Mr. Suresh Chandra SumanDirector
Mr. K Mohan ReddyDirector - Planning & Projects
Mr. Samir SwarupDirector - Human Resources
Mr. M VenkatachalamDirector - Power
Mrs. Vismita TejNon Executive Director
Dr. Beela RajeshNon Executive Director
Mr. Subrata ChaudhuriIndependent Director
Mr. Prakash MishraIndependent Director
Prof. Nivedita SrivastavaIndependent Director
Mr. M T RameshIndependent Director

NLC India Ltd. Share Price Update

Share PriceValue
Today₹242.95
Previous Day₹214.35

Basic Stock Data of NLC India Ltd

Market Cap 34,285 Cr.
Current Price 247
High / Low294/69.7
Stock P/E13.4
Book Value 119
Dividend Yield1.43 %
ROCE13.5 %
ROE15.5 %
Face Value 10.0

Data Source: screener.in

Competitors of NLC India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tata Power Company Ltd 1,21,135 Cr. 379413/18235.4 94.30.53 %11.7 %12.6 % 1.00
SJVN Ltd 47,000 Cr. 120170/30.452.7 36.51.45 %9.27 %10.3 % 10.0
GVK Power & Infrastructure Ltd 2,021 Cr. 12.817.0/1.9823.7 6.140.00 %14.1 %% 1.00
Adani Power Ltd 2,13,674 Cr. 554589/1329.17 1050.00 %15.8 %44.8 % 10.0
Reliance Infrastructure Ltd 9,071 Cr. 229252/115 2420.00 %8.95 %0.67 % 10.0
Industry Average12.2 Cr258.9624.1996.790.4%11.96%13.67%6.4

NLC India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,0932,2152,8403,0363,0942,7323,0863,8633,4893,6795,1343,3162,978
Expenses1,5731,7381,9942,0601,8801,8282,0182,4552,3103,9573,8982,1232,143
Operating Profit5194778459771,2139041,0681,4081,179-2781,2361,194835
OPM %25%22%30%32%39%33%35%36%34%-8%24%36%28%
Other Income4845121,0162847771011711032073007131121,535
Interest330315306268269232215221337232221231214
Depreciation384385440429423438618436434460472461455
Profit before tax2892881,1145631,298335407854616-6701,2566141,701
Tax %79%36%35%37%85%31%19%33%32%41%33%33%36%
Net Profit62183726358197230331569417-3968374141,086
EPS in Rs0.371.235.202.511.341.672.374.052.96-2.935.982.927.82

NLC India Ltd Quarterly Chart

NLC India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,9125,5805,9456,0757,82811,09411,2899,87110,3259,93612,07016,16515,107
Expenses3,2603,5884,0134,5355,3345,9987,4017,6146,9047,3208,11910,45212,121
Operating Profit1,6521,9921,9321,5402,4945,0973,8872,2573,4202,6163,9515,7142,986
OPM %34%36%32%25%32%46%34%23%33%26%33%35%20%
Other Income9187609761,434-412-1,1767132,1251,4332,5311,544-8452,660
Interest1501931821504675885487001,1741,3139841,012898
Depreciation4365125174419101,0441,2321,1211,3341,6111,9091,8011,848
Profit before tax1,9842,0462,2092,3837052,2892,8212,5612,3452,2232,6032,0562,900
Tax %29%29%32%34%90%-7%31%40%38%41%57%31%
Net Profit1,4111,4581,5021,580682,4571,9571,5371,4531,3141,1161,4261,940
EPS in Rs8.418.698.959.420.5116.0112.7110.8710.399.247.8810.0713.79
Dividend Payout %33%32%31%30%588%46%35%42%68%27%19%35%

NLC India Ltd Profit & Loss Yearly Chart

Adani Power Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:7%
3 Years:16%
TTM:3%
Compounded Profit Growth
10 Years:5%
5 Years:4%
3 Years:19%
TTM:184%
Stock Price CAGR
10 Years:16%
5 Years:32%
3 Years:70%
1 Year:213%
Return on Equity
10 Years:12%
5 Years:10%
3 Years:10%
Last Year:15%

NLC India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,6781,6781,6781,6781,6781,5291,5291,3871,3871,3871,3871,3871,387
Reserves10,36211,27212,22513,19811,10410,59811,82311,38311,51812,09812,80313,78215,104
Borrowings5,7586,4146,5876,6018,42311,47913,21520,59827,23027,23422,08622,33321,814
Other Liabilities3,7463,8594,2264,2798,4889,88811,88011,91712,49312,59413,54215,60514,710
Total Liabilities21,54423,22324,71625,75629,69333,49338,44845,28552,62853,31349,81853,10753,015
Fixed Assets6,8046,7036,5486,65516,32715,99716,76517,65824,10925,82424,87524,05823,425
CWIP5,9327,7319,37210,9852,5425,2198,39713,85612,66211,59713,02214,63616,181
Investments413310206103131313131414788
Other Assets8,3958,4808,5908,01410,81212,26513,27313,75915,84415,87911,91414,40513,402
Total Assets21,54423,22324,71625,75629,69333,49338,44845,28552,62853,31349,81853,10753,015

NLC India Ltd Reserves and Borrowings Chart

NLC India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -271,2073,7371,0361,3011,2254,5331,6201,6474,3907,7463,761
Cash from Investing Activity -767-1,108-1,393-502-1,380-4,332-4,593-6,119-5,812-2,212-763-2,089
Cash from Financing Activity -283-569-946-1,23163-68984,4164,163-2,037-7,001-1,735
Net Cash Flow-1,077-4711,398-696-16-3,17439-83-2140-18-62

NLC India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days27124913513717415814722930127611296
Inventory Days
Days Payable
Cash Conversion Cycle27124913513717415814722930127611296
Working Capital Days1291754682104173139132198295128139
ROCE %12%11%12%10%10%21%13%11%9%8%8%13%

NLC India Ltd Financial Efficiency Indicators Chart

NLC India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters79.20%79.20%79.20%79.20%79.20%79.20%79.20%79.20%79.20%79.20%79.20%79.20%
FIIs0.42%0.40%0.41%0.56%0.62%1.05%1.21%1.16%0.83%0.67%0.81%0.95%
DIIs10.91%9.41%6.87%6.57%6.16%5.71%5.49%5.33%5.88%6.89%8.02%9.18%
Government4.31%4.31%4.31%4.31%4.31%4.31%4.31%4.31%4.31%4.31%4.31%4.31%
Public5.16%6.68%9.22%9.37%9.71%9.74%9.79%10.02%9.79%8.94%7.66%6.37%
No. of Shareholders1,17,2961,32,3691,69,5681,74,6332,01,6281,94,1111,99,7661,92,4261,86,3441,82,4501,68,9391,69,600

NLC India Ltd Shareholding Pattern Chart

No. of NLC India Ltd Shareholders

NLC India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund162517510.67276.85
Nippon India CPSE ETF145586260.9248.01
Nippon India Growth Fund59311290.47101.04
Nippon India ELSS Tax Saver Fund53630740.791.36
Nippon India Power & Infra Fund50000002.8185.18
Nippon India Value Fund33496630.9257.06
Mahindra Manulife Small Cap Fund29355731.9650.01
Aditya Birla Sun Life Pure Value Fund28979880.9649.37
ICICI Prudential Infrastructure Fund28419801.3148.41
ICICI Prudential Bharat 22 ETF24707010.3342.1

NLC India Ltd ROCE Trend

NLC India Ltd EPS Trend

NLC India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)10.288.059.7010.4810.36
Diluted EPS (Rs.)10.288.059.7010.4810.36
Cash EPS (Rs.)23.2621.8121.1320.0919.17
Book Value[Excl.RevalReserv]/Share (Rs.)127.11118.09115.37105.81100.03
Book Value[Incl.RevalReserv]/Share (Rs.)127.11118.09115.37105.81100.03
Revenue From Operations / Share (Rs.)116.5886.1671.0174.4371.19
PBDIT / Share (Rs.)50.9134.3334.3234.0423.09
PBIT / Share (Rs.)37.9220.5722.9024.4115.01
PBT / Share (Rs.)14.8218.7716.2616.9118.47
Net Profit / Share (Rs.)10.288.049.7010.4711.09
NP After MI And SOA / Share (Rs.)10.077.889.4710.3910.87
PBDIT Margin (%)43.6739.8448.3345.7332.43
PBIT Margin (%)32.5323.8732.2432.8021.08
PBT Margin (%)12.7121.7822.8922.7225.94
Net Profit Margin (%)8.819.3313.6614.0715.57
NP After MI And SOA Margin (%)8.639.1413.3313.9615.27
Return on Networth / Equity (%)9.207.709.3111.1611.80
Return on Capital Employeed (%)12.566.988.098.946.52
Return On Assets (%)2.622.192.432.693.32
Long Term Debt / Equity (X)1.221.331.341.471.13
Total Debt / Equity (X)1.471.551.791.931.48
Asset Turnover Ratio (%)0.310.220.150.180.19
Current Ratio (X)1.031.191.010.940.89
Quick Ratio (X)0.921.060.890.830.76
Dividend Payout Ratio (NP) (%)29.8041.8211.1067.9144.39
Dividend Payout Ratio (CP) (%)13.0115.225.0335.2725.46
Earning Retention Ratio (%)70.2058.1888.9032.0955.61
Cash Earning Retention Ratio (%)86.9984.7894.9764.7374.54
Interest Coverage Ratio (X)6.984.843.634.024.57
Interest Coverage Ratio (Post Tax) (X)4.571.391.732.121.51
Enterprise Value (Cr.)35214.5632147.8933325.4932400.4729138.58
EV / Net Operating Revenue (X)2.182.693.383.142.95
EV / EBITDA (X)4.996.757.006.879.10
MarketCap / Net Operating Revenue (X)0.660.720.710.590.97
Retention Ratios (%)70.1958.1788.8932.0855.60
Price / BV (X)0.700.610.490.470.75
Price / Net Operating Revenue (X)0.660.720.710.590.97
EarningsYield0.130.120.180.230.15

NLC India Ltd Profitability Ratios (%)

NLC India Ltd Liquidity Ratios

NLC India Ltd Liquidity Ratios (%)

NLC India Ltd Interest Coverage Ratios (%)

NLC India Ltd Valuation Ratios

Fair Value of NLC India Ltd Stock

Fair Value: ₹250.70

The stock is undervalued by 1.50% compared to the current price ₹247

*Investments are subject to market risks

Strength and Weakness of NLC India Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (9.23 cr) and profit (56.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 24.16 and average Dividend Yield of 28.50%.
  2. The stock has a low average ROCE of 11.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 145.00, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 190.42, which may not be favorable.
  5. The company has higher borrowings (15,367.08) compared to reserves (12,097.69), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NLC India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE