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Last Updated on: 25 June, 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

Basic Stock Data of NLC India Ltd

Last Updated: June 17, 2024, 8:20 pm

Market Cap 32,162 Cr.
Current Price 232
High / Low294/95.4
Stock P/E17.4
Book Value 119
Dividend Yield1.51 %
ROCE9.13 %
ROE11.7 %
Face Value 10.0
PEG Ratio1.42

Competitors of NLC India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliance Infrastructure Ltd 8,256 Cr. 208308/135 2210.00 %6.99 %12.6 % 10.0
NTPC Ltd 3,57,274 Cr. 368395/18317.2 1661.97 %10.4 %13.5 % 10.0
Orient Green Power Company Ltd 2,077 Cr. 21.234.6/9.0771.4 8.040.00 %6.97 %4.44 % 10.0
CESC Ltd 20,053 Cr. 151158/70.814.6 86.32.97 %11.2 %12.3 % 1.00
India Power Corporation Ltd 1,782 Cr. 18.328.0/11.0118 10.50.27 %4.16 %1.48 % 1.00
Industry Average75,011.77 Cr336.6685.0395.570.78%9.11%10.65%8.11

NLC India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,2152,8403,0363,0942,7323,0863,8633,4893,6795,1343,3162,9783,164
Expenses1,7381,9942,0601,8801,8282,0182,4552,3103,9573,8982,1232,1432,260
Operating Profit4778459771,2139041,0681,4081,179-2781,2361,194835905
OPM %22%30%32%39%33%35%36%34%-8%24%36%28%29%
Other Income5121,0162847771011711032073007131121,535149
Interest315306268269232215221337232221231214205
Depreciation385440429423438618436434460472461455446
Profit before tax2881,1145631,298335407854616-6701,2566141,701402
Tax %36%35%37%85%31%19%33%32%41%33%33%36%37%
Net Profit183726358197230331569417-3968374141,086254
EPS in Rs1.235.202.511.341.672.374.052.96-2.935.982.927.821.81

Last Updated: April 10, 2024, 4:20 am

NLC India Ltd Quarterly Chart

NLC India Ltd Profit & Loss

Last Updated: May 27, 2024, 5:51 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,9125,5805,9456,0757,82811,09411,2899,87110,3259,93612,07016,16514,592
Expenses3,2603,5884,0134,5355,3345,9987,4017,6146,9047,3208,11910,45210,423
Operating Profit1,6521,9921,9321,5402,4945,0973,8872,2573,4202,6163,9515,7144,169
OPM %34%36%32%25%32%46%34%23%33%26%33%35%29%
Other Income9187609761,434-412-1,1767132,1251,4332,5311,544-8452,509
Interest1501931821504675885487001,1741,3139841,012871
Depreciation4365125174419101,0441,2321,1211,3341,6111,9091,8011,834
Profit before tax1,9842,0462,2092,3837052,2892,8212,5612,3452,2232,6032,0563,973
Tax %29%29%32%34%90%-7%31%40%38%41%57%31%
Net Profit1,4111,4581,5021,580682,4571,9571,5371,4531,3141,1161,4262,590
EPS in Rs8.418.698.959.420.5116.0112.7110.8710.399.247.8810.0718.53
Dividend Payout %33%32%31%30%588%46%35%42%68%27%19%35%

NLC India Ltd Profit & Loss Yearly Chart

NLC India Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:6%
3 Years:9%
TTM:-20%
Compounded Profit Growth
10 Years:2%
5 Years:4%
3 Years:18%
TTM:-18%
Stock Price CAGR
10 Years:9%
5 Years:30%
3 Years:56%
1 Year:141%
Return on Equity
10 Years:12%
5 Years:10%
3 Years:11%
Last Year:12%

Last Updated: June 18, 2024, 10:50 am

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days24913513717415814722930127611296106
Inventory Days
Days Payable
Cash Conversion Cycle24913513717415814722930127611296106
Working Capital Days1754682104173139132198295128139102
ROCE %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)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund16,251,7510.67276.8514,558,6262024-06-2411.63%
Nippon India CPSE ETF14,558,6260.9248.0114,558,6262024-06-240%
Nippon India Growth Fund5,931,1290.47101.0414,558,6262024-06-24-59.26%
Nippon India ELSS Tax Saver Fund5,363,0740.791.3614,558,6262024-06-24-63.16%
Nippon India Power & Infra Fund5,000,0002.8185.1814,558,6262024-06-24-65.66%
Nippon India Value Fund3,349,6630.9257.0614,558,6262024-06-24-76.99%
Mahindra Manulife Small Cap Fund2,935,5731.9650.0114,558,6262024-06-24-79.84%
Aditya Birla Sun Life Pure Value Fund2,897,9880.9649.3714,558,6262024-06-24-80.09%
ICICI Prudential Infrastructure Fund2,841,9801.3148.4114,558,6262024-06-24-80.48%
ICICI Prudential Bharat 22 ETF2,470,7010.3342.114,558,6262024-06-24-83.03%

NLC India Ltd ROCE Trend

NLC India Ltd EPS Trend

NLC India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.4710.288.059.7010.48
Diluted EPS (Rs.)13.4710.288.059.7010.48
Cash EPS (Rs.)26.6323.2621.8121.1320.09
Book Value[Excl.RevalReserv]/Share (Rs.)139.66127.11118.09115.37105.81
Book Value[Incl.RevalReserv]/Share (Rs.)139.66127.11118.09115.37105.81
Revenue From Operations / Share (Rs.)93.74116.5886.1671.0174.43
PBDIT / Share (Rs.)32.3350.9134.3334.3234.04
PBIT / Share (Rs.)19.1737.9220.5722.9024.41
PBT / Share (Rs.)20.7814.8218.7716.2616.91
Net Profit / Share (Rs.)13.4710.288.049.7010.47
NP After MI And SOA / Share (Rs.)13.3710.077.889.4710.39
PBDIT Margin (%)34.4843.6739.8448.3345.73
PBIT Margin (%)20.4432.5323.8732.2432.80
PBT Margin (%)22.1612.7121.7822.8922.72
Net Profit Margin (%)14.368.819.3313.6614.07
NP After MI And SOA Margin (%)14.268.639.1413.3313.96
Return on Networth / Equity (%)11.219.207.709.3111.16
Return on Capital Employeed (%)6.0412.566.988.098.94
Return On Assets (%)3.372.622.192.432.69
Long Term Debt / Equity (X)1.161.221.331.341.47
Total Debt / Equity (X)1.351.471.551.791.93
Asset Turnover Ratio (%)0.240.310.220.150.18
Current Ratio (X)1.011.031.191.010.94
Quick Ratio (X)0.870.921.060.890.83
Inventory Turnover Ratio (X)1.310.000.000.000.00
Dividend Payout Ratio (NP) (%)0.0029.8041.8211.1067.91
Dividend Payout Ratio (CP) (%)0.0013.0115.225.0335.27
Earning Retention Ratio (%)0.0070.2058.1888.9032.09
Cash Earning Retention Ratio (%)0.0086.9984.7894.9764.73
Interest Coverage Ratio (X)5.286.984.843.634.02
Interest Coverage Ratio (Post Tax) (X)1.944.571.391.732.12
Enterprise Value (Cr.)56091.3635214.5632147.8933325.4932400.47
EV / Net Operating Revenue (X)4.322.182.693.383.14
EV / EBITDA (X)12.514.996.757.006.87
MarketCap / Net Operating Revenue (X)2.430.660.720.710.59
Retention Ratios (%)0.0070.1958.1788.8932.08
Price / BV (X)1.910.700.610.490.47
Price / Net Operating Revenue (X)2.430.660.720.710.59
EarningsYield0.050.130.120.180.23

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

Fair Value: 245.92

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.00% compared to the current price 232

Intrinsic Value: 276.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 19.00% compared to the current price ₹232

Last 5 Year EPS CAGR: 12.27%

*Investments are subject to market risks

Strength and Weakness of NLC India Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (9.15 cr) and profit (56.08 cr) over the years.
  1. The stock has a low average ROCE of 10.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 142.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 176.67, which may not be favorable.
  4. The company has higher borrowings (15,367.08) compared to reserves (12,097.69), which may suggest financial risk.

FAQ

What is the latest fair value of NLC India Ltd?

The latest fair value of NLC India Ltd is ₹245.92.

What is the Market Cap of NLC India Ltd?

The Market Cap of NLC India Ltd is 32,162 Cr..

What is the current Stock Price of NLC India Ltd as on 22 June 2024?

The current stock price of NLC India Ltd as on 22 June 2024 is ₹232.

What is the High / Low of NLC India Ltd stocks in FY 2024?

In FY 2024, the High / Low of NLC India Ltd stocks is 294/95.4.

What is the Stock P/E of NLC India Ltd?

The Stock P/E of NLC India Ltd is 17.4.

What is the Book Value of NLC India Ltd?

The Book Value of NLC India Ltd is 119.

What is the Dividend Yield of NLC India Ltd?

The Dividend Yield of NLC India Ltd is 1.51 %.

What is the ROCE of NLC India Ltd?

The ROCE of NLC India Ltd is 9.13 %.

What is the ROE of NLC India Ltd?

The ROE of NLC India Ltd is 11.7 %.

What is the Face Value of NLC India Ltd?

The Face Value of NLC India Ltd is 10.0.

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