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NLC India Ltd.

PowerPower Generation/Distribution

www.nlcindia.in BSE: 513683NSE: NLCINDIA

₹226.30BSE3.39%

23 Oct, 12:05 PM

₹226.30

₹32.38K Cr

10.09

1.47

18.73%

₹235.00

₹222.20

₹387.70

₹230.00

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Price Performance

Peer Comparison

Name
ADANI POWER ADANIPOWER	177.00	25.02	3,41,339.10	0.00	4,866.60	47.24%	18,901.89	33.97%	17.79
NTPC LTD NTPC	293.85	10.54	2,84,936.53	2.98	6,896.44	12.90%	50,740.96	7.81%	8.52
POWER GRID POWERGRID	242.35	14.49	2,25,400.13	3.63	3,598.42	-0.89%	11,496.72	2.68%	9.74
ADANIGREEN ADANIGREEN	1,186.80	109.69	1,95,486.87	0.00	747.00	15.99%	4,258.00	41.56%	9.90
ADANIENSOL ADANIENSOL	1,218.40	42.65	1,49,004.77	0.00	1,363.92	144.82%	10,075.54	52.76%	9.71
TATA POWER TATAPOWER	342.55	29.24	1,09,456.36	0.71	1,400.86	10.98%	19,051.26	5.63%	11.63
JSW ENERGY JSWENERGY	443.70	43.26	81,351.63	0.43	532.70	-36.27%	5,207.13	1.24%	8.50
NLC India Ltd. NLCINDIA	226.30	10.09	32,377.96	1.65	436.33	-48.01%	4,716.75	23.29%	11.27

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3,540.64	3,378.17	3,657.33	4,411.47	3,836.00	3,825.61	4,178.41	4,443.05	5,042.46	4,716.75
Expenses	3,207.60	2,198.27	2,647.67	3,376.58	2,154.00	2,684.14	2,588.26	3,098.65	2,620.55	3,168.26
	333.04	1,179.90	1,009.66	1,034.89	1,682.00	1,141.47	1,590.15	1,344.40	2,421.91	1,548.49
	9.41%	34.93%	27.61%	23.46%	43.85%	29.84%	38.06%	30.26%	48.03%	32.83%
	493.89	264.48	716.79	489.32	135.90	290.24	168.31	364.05	154.76	151.10
Interest	199.16	189.49	180.42	236.55	325.30	298.79	289.18	269.30	364.31	382.12
	462.35	433.23	412.62	457.90	580.52	539.32	547.94	596.55	694.77	665.92
	165.60	821.71	1,133.42	829.84	912.18	593.66	921.41	842.69	1,517.65	651.61
	31.19%	31.04%	13.32%	16.12%	48.64%	-41.36%	21.34%	14.08%	2.39%	33.04%
	114.24	559.42	911.85	668.09	481.96	797.59	665.12	666.03	1,393.46	484.27
	0.82	4.03	6.58	4.82	3.48	5.75	4.80	4.80	10.05	3.49

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	11,947.94	16,165.24	13,001.33	15,282.96	17,489.53
Operating Income (Net)	11,947.94	16,165.24	13,001.33	15,282.96	17,489.53
EXPENDITURE :
Increase/Decrease in Stock	476.49	206.31	-238.96	-177.02	-48.42
Power Generation & Distribution Cost	1,373.17	2,478.79	2,285.57	2,669.89	3,723.80
Employee Cost	2,690.45	2,578.83	2,707.69	3,076.42	2,548.65
Operating Expenses	2,546.36	3,326.67	3,606.86	3,896.40	3,911.75
General and Administration Expenses	525.97	573.26	706.03	745.37	1,294.99
Selling and Distribution Expenses	53.26	13.10	8.75	15.42	20.98
Miscellaneous Expenses	119.37	1,146.82	389.60	216.25	449.34
	7,785.07	10,323.78	9,465.54	10,442.73	11,901.09
Operating Profit (Excl OI)	4,162.87	5,841.46	3,535.79	4,840.23	5,588.44
	598.02	1,217.98	947.14	1,606.49	977.36
	4,760.89	7,059.44	4,482.93	6,446.72	6,565.80
Interest	983.78	1,011.69	849.28	931.76	1,221.58
PBDT	3,777.11	6,047.75	3,633.65	5,514.96	5,344.22
	1,908.72	1,800.79	1,824.89	1,884.27	2,378.58
Profit Before Taxation & Exceptional Items	1,868.39	4,246.96	1,808.76	3,630.69	2,965.64
Exceptional Income / Expenses	734.75	-2,191.17	1,072.88	66.24	909.48
	2,603.14	2,055.79	2,881.64	3,696.93	3,875.12
Provision for Tax	1,488.01	630.66	1,014.32	983.56	105.94
	1,115.13	1,425.13	1,867.32	2,713.37	3,769.18
Extra items				0.00	0.00
Minority Interest	-23.08	-30.42	-13.49	-92.25	-247.26
Share of Associate	0.52	0.97	0.25	0.24	0.28
Other Consolidated Items	28.23	-0.02	-6.71
Consolidated Net Profit	1,120.80	1,395.66	1,847.37	2,621.36	3,522.20
Profit Balance B/F	9,850.22	10,509.96	11,461.02	12,821.54	15,015.96
Appropriations	10,971.02	11,905.62	13,308.39	15,442.90	18,538.16
Equity Dividend %	30.00%	35.00%	30.00%	30.00%	38.50%
	8.08	10.07	13.32	18.90	25.40
Adjusted EPS	8.08	10.07	13.32	18.90	25.40

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	1,386.64	1,386.64	1,386.64	1,386.64	1,386.64
Total Reserves	12,802.54	13,782.20	15,144.41	17,336.33	20,138.12
Reserve excluding Revaluation Reserve	12,802.54	13,782.20	15,144.41	17,336.33	20,138.12
	14,189.18	15,168.84	16,531.05	18,722.97	21,524.76
Minority Interest	2,185.13	2,456.82	2,835.17	3,221.75	3,749.25
Secured Loans	16,278.12	15,935.68	16,690.47	17,651.82	20,788.03
Unsecured Loans	2,567.15	2,562.49	2,535.25	839.29	2,244.39
Deferred Tax Assets / Liabilities	3,054.31	3,381.40	3,790.38	4,028.44	3,025.73
Other Long Term Liabilities	2,544.35	2,346.21	1,537.09	1,328.24	1,976.90
Long Term Provisions		165.48	158.91	160.96	140.34
Total Non-Current Liabilities	24,443.93	24,391.26	24,712.10	24,008.75	28,175.39
Trade Payables	1,517.97	950.89	1,375.44	1,898.00	1,349.78
Other Current Liabilities	5,259.26	7,528.26	7,225.34	7,823.60	4,823.95
Short Term Borrowings	1,592.35	2,281.34	1,747.46	952.51	3,955.53
Short Term Provisions	1,619.01	518.26	1,064.79	2,321.85	1,981.07
Total Current Liabilities	9,988.59	11,278.75	11,413.03	12,995.96	12,110.33
Total Liabilities	50,806.83	53,295.67	55,491.35	58,949.43	65,559.73
Gross Block	34,611.12	35,596.31	36,738.55	45,957.65	54,181.49
Less: Accumulated Depreciation	9,736.20	11,538.13	13,347.71	15,258.73	17,585.85
Net Block	24,874.92	24,058.18	23,390.84	30,698.92	36,595.64
Capital Work in Progress	12,908.55	14,636.34	17,726.49	15,297.43	14,293.04
Non Current Investments	6.62	7.59	7.84	8.08	7.86
Long Term Investment	6.62	7.59	7.84	8.08	7.86
Long Term Loans & Advances	1,448.76	2,637.91	2,480.14	2,786.43	4,401.73
Other Non Current Assets	162.46	152.82	209.56	174.50	112.26
Total Non-Current Assets	39,514.89	41,492.84	43,814.87	48,965.36	55,410.53
Currents Investments				1.40	0.61
Inventories	1,201.41	1,182.51	1,483.63	1,912.65	2,281.28
Sundry Debtors	3,709.63	4,264.47	3,767.49	4,121.59	3,337.69
Cash and Bank	343.93	251.45	700.06	319.70	842.22
Other Current Assets	2,978.93	2,218.22	2,845.54	1,123.45	1,421.22
Short Term Loans and Advances	3,058.04	3,886.18	2,832.31	2,461.78	2,228.61
Total Current Assets	11,291.94	11,802.83	11,629.03	9,940.57	10,111.63
Net Current Assets (Including Current Investments)	1,303.35	524.08	216.00	-3,055.39	-1,998.70
Total Assets	50,806.83	53,295.67	55,491.35	58,949.43	65,559.73
Contingent Liabilities	8,623.48	11,582.27	13,859.06	10,877.09	13,000.10
Total Debt	22,058.37	22,305.72	22,379.45	22,392.11	27,801.94
	102.33	109.39	119.22	135.02	155.23
Adjusted Book Value	102.33	109.39	119.22	135.02	155.23

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	2,603.14	2,055.79	2,881.64	3,696.93	3,875.12
Adjustment	3,049.95	2,201.92	3,072.87	3,558.00	3,736.65
Changes In working Capital	2,959.53	73.23	148.42	2,234.98	-1,559.77
Cash Flow after changes in Working Capital	8,612.62	4,330.94	6,102.93	9,489.91	6,052.00
Cash Flow from Operating Activities	7,746.05	4,171.32	5,512.49	8,977.12	5,166.07
Cash Flow from Investing Activities	-762.62	-2,498.58	-3,059.36	-7,159.56	-7,548.52
Cash Flow from Financing Activitie	-7,001.36	-1,734.68	-1,985.08	-2,196.07	2,906.97
Net Cash Inflow / Outflow	-17.93	-61.94	468.05	-378.51	524.52
Opening Cash & Cash Equivalents	157.34	139.41	97.42	565.47	186.96
Closing Cash & Cash Equivalent	139.41	77.47	565.47	186.96	711.48

Ratios

Valuation

10.09

1.47

7.66

1.76

23.14

158.38

Profitability

18.73

11.27

6.05

31.95

21.55

Leverage & Liquidity

1.29

0.84

4.17

Returns

1.65

0.28

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	72.20	72.20	72.20	72.20	72.20	72.20	72.20	72.20	69.47	69.47
	20.32	21.14	21.63	21.85	21.51	21.40	21.26	21.90	21.87	22.56
	7.49	6.66	6.17	5.95	6.30	6.40	6.55	5.91	8.65	7.98
	27.80	27.80	27.80	27.80	27.80	27.80	27.80	27.80	30.53	30.53
No. of Shareholders	2,86,701	3,43,411	3,48,165	3,40,021	3,37,506	3,18,100	3,06,494	3,03,919	3,33,052	3,64,754

Mutual Funds Invested(121)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 43 active funds hold 8.98% in NLC India Ltd., contributing to ₹3.26K Cr of holdings

Fund				As of
NI Nippon India Small Cap Fund - Growth - Direct PlanSmall cap Fund	721.95	0.89	2,75,87,015	Sep '26
KO Kotak Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	494.21	1.63	1,88,84,587	Sep '26
NI Nippon India Growth Mid Cap Fund - Growth Option - Direct PlanMid Cap Fund	465.83	0.93	1,78,00,000	Sep '26
NI CPSE Exchange Traded SchemeIndex	268.50	1.44	1,02,59,883	Sep '26
KO Kotak Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	238.81	1.57	91,25,284	Sep '26
NI Nippon India ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	194.81	1.38	74,44,108	Sep '26
NI Nippon India Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	191.02	0.36	72,99,306	Sep '26
KO Kotak Equity Savings Fund - Growth - Direct PlanHybrid - Equity Savings	114.56	1.10	43,77,601	Sep '26
MI Mirae Asset Small Cap Fund - Growth - Direct PlanSmall cap Fund	99.38	1.71	37,97,327	Sep '26
NI Nippon India Power & Infra Fund - Growth Option - Direct PlanEnergy & Power	63.55	0.81	24,28,215	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-08	AGM
2026-08-03	Board Meeting	Quarterly Results
2026-05-13	Ex Dividend	Rs.0.2500 per share(2.5%)Final Dividend	2026-09-22	2026-09-22

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-06-12	The President of India acting through and represented by Ministry of Coal Government of India	Market	Sell	17,870,788
2026-06-12	The President of India acting through and represented by Ministry of Coal Government of India	Market	Sell	19,922,367

Sector Overview

PowerPower Generation/Distribution

NLC India Ltd. operates in the Power sector under the Power Generation/Distribution industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

11 members across the board and senior leadership

Sushanta Kumar Panda

Company Secretary & Compliance Officer

—

Anil Meshram

Part Time Official Director

—

Sanoj Kumar Jha

Chairman and Managing Director

—

Gopal Singh

Part Time Official Director

—

Suresh Chandra Suman

Whole Time Director - Mines

₹92.72 L

Mar '26

Samir Swarup

Whole Time Director - (Human Resources) & (Power) (AC)

₹1.18 Cr

Mar '26

Prasanna Kumar Acharya

Chairman & Managing Director

₹1.00 Cr

Mar '26

Rajesh Pratap Singh Sisodia

Whole Time Director (Planning & Projects)

₹22.94 L

Mar '26

Poonam Chandrakar

Non Executive Independent Director

—

PLSS Chaitanya Prakash

Director - (Power)

—

Sanjiv Kumar Kassi

Government Nominee Director

—

NLCINDIA Latest News

News

10 of 10 articles

COMPANY15 Oct 2026 · 12:54

NLC India’s arm emerges as successful bidder for Battery Energy Storage Systems in West Bengal

Accordingly, NIRL has received Letter of Award from WBSEDCL for the development of aforesaid project

COMPANY1 Oct 2026 · 15:58

NLC India’s arm secures LoA from SJVN for BESS project in Haryana

NIRL has emerged as the successful bidder for a capacity of 265 MW/530 MWh at a final capacity charge of Rs 2,35,000 per MW per month

COMPANY30 Sept 2026 · 12:16

NLC India gets nod to incorporate Joint Venture Company with NALCO

The Board of Directors of the company at its meeting held on September 29, 2026 have, inter-alia, considered and approved the same

EQUITY23 Sept 2026 · 14:51

NLC India informs about updates

EQUITY10 Sept 2026 · 12:23

NLC India rises on BSE

The company’s arm has bagged LoA for 200 MW Wind Power project

EQUITY9 Sept 2026 · 12:05

NLC India rises as its arm bags LoA for 200 MW Wind Power project

NLC India Renewables has secured LoA from SJVN for development of 200 MW Wind Power project

COMPANY9 Sept 2026 · 11:57

NLC India’s arm bags LoA for 200 MW Wind Power project

NLC India Renewables has secured LoA from SJVN for development of 200 MW Wind Power project

EQUITY9 Jul 2026 · 11:36

NLC India surges on signing JV agreement with NALCO

The Joint Venture Company will be jointly promoted by the company and NALCO with an equal equity participation of 50:50

COMPANY25 Jun 2026 · 10:10

NLC India’s arm signs JVA with OREDA for green energy projects in Odisha

NLC India Renewables has signed a joint venture agreement with OREDA

COMPANY24 Jun 2026 · 10:43

NLC India inks pact with IOCL to develop renewable energy power projects in Tamil Nadu

The company has been actively expanding into large-scale renewable and green energy initiatives

NLCINDIA

₹226.30

-3.39%