NLC India

Quick check

The five things to look at first. Open one for more.

• DebtHighest safety, with cautionRated AAA to BB+ by 5 agencies.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 23% and profit fell 48% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 69%, down from 72% in Jun 2025.
• ValuationNormal for this stockThe share trades at 9.9 times its yearly earnings (P/E), cheaper than 72% of the time in the last 5 years. Its usual P/E is about 9.

NLC India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)9.9 against a typical 35: cheaper than most peers (1st = cheapest).6th of 36
• Sales growth+23.3% against a typical +6.5% from a year earlier.11th of 30
• Profit growth−48% against a typical −1.3% from a year earlier.22nd of 25
• Share price, 3 months−22.3% against a typical −12.9%.26th of 34
• Size₹ 31,777 Cr. market value against a typical ₹ 2,247.1 Cr. (1st = largest).6th of 33

Exchange filings and their impact on the company.

• 28 Oct 2026General UpdatesLow impactPositivePrice −1.3% so far today
  NLC renewables arm wins 300 MW GUVNL wind LOI, adding small long-term contracted growth.

  NLC India Renewables, a wholly owned subsidiary of NLC India, has received a Letter of Intent from Gujarat Urja Vikas Nigam for developing 300 MW of grid-connected wind power projects. The company won 100 MW in GUVNL's 250 MW Phase-XI tender and accepted additional greenshoe capacities of 100 MW each to reach 300 MW. This expands NLC's renewable pipeline and will involve fresh investment over the next 1-2 years, with power sales starting only after construction.

  Full analysisFiling
• 22 Oct 2026Press ReleaseLow impactPositivePrice −2.2% on 23 Oct
  MoU adds 3.2 GW thermal plus mineral projects worth Rs 37,000 cr to long-term pipeline with no earnings in next 12 months.

  NLC India signed MoUs with IPICOL on 22 Oct 2026 for a 3200 MW (4x800 MW) ultra-supercritical coal plant in Odisha with potential investment of Rs 35,000 crore and 4,000 jobs, plus a Rs 2,000 crore beach sand mineral processing facility with 500 jobs, and to explore coal-gasification for fertilizer. This is an early-stage partnership with no orders, costs or timelines disclosed. It expands NLCIL's long-term thermal, mining and chemicals pipeline but adds no revenue or profit in the next 12 months.

  Full analysisFiling
• 14 Oct 2026General UpdatesLow impactPositivePrice −2.5% on 15 Oct
  Subsidiary won 50 MW/200 MWh battery storage project in West Bengal, a small strategic renewables addition.

  NLC India Renewables, a wholly owned subsidiary of NLC India, has received a letter of award from West Bengal State Electricity Distribution Company for a 50 MW/200 MWh standalone battery storage project at Arambag, Hooghly. The project was won under tariff-based competitive bidding floated by the West Bengal Department of Power. It adds a small but strategic storage asset to NLC's growing renewable portfolio, with capex during construction and annuity revenues after commissioning.

  Full analysisFiling
• 12 Oct 2026General UpdatesLow impactNeutralPrice +0.3% on 13 Oct
  NLC India raised Rs 1,000 crore via short-term commercial paper, a small routine debt addition.

  NLC India allotted 20,000 commercial papers of Rs 5 lakh each, aggregating to Rs 1,000 crore, on 12 October 2026. The disclosure was made under SEBI listing regulations for debt issuance. This is routine short-term borrowing that modestly increases gross debt but does not change capacity or long-term earnings outlook.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sanoj Kumar Jha

Executive Chairman of the Board, Managing Director

Prasanna Kumar Acharya

Chief Financial Officer, Finance Director, Executive Director

Sushanta Kumar Panda

Compliance Officer, Company Secretary

Samir Swarup

Executive Director, Director of Human Resources

Ashok Kumar Mali

Executive Director

Rajesh Pratap Singh Sisodia

Executive Director, Director - Planning, Projects and Power

Suresh Chandra Suman

Executive Director, Director - Mines