NLC India Limited

Power · Power

NSE: NLCINDIA BSE: 513683

₹261.70

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Power

The largest companies in the same industry by market cap. This company ranks #11 of 41. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Adani Power Limited	393,408	32.9	19.5%	33.8%	—	72	5	33
NTPC Limited	312,960	13.2	13.0%	-5.1%	2.79%	45	93	13
Power Grid Corporation of India Limited	242,281	15.5	15.8%	-7.2%	3.45%	50	50	14
Adani Green Energy Limited	210,509	403.2	5.8%	20.0%	—	17	0	66
Adani Energy Solutions Limited	157,921	340.6	9.0%	46.7%	—	29	0	29
Tata Power Company Limited	114,713	130.5	10.8%	-8.2%	—	28	36	14
JSW Energy Limited	90,702	98.3	8.2%	-7.8%	0.40%	36	33	28
NTPC Green Energy Limited	78,677	203.0	2.7%	-4.9%	—	36	19	69
NLC India Limited (this stock)	36,288	14.3	14.9%	-5.5%	1.47%	58	91	48

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹46,356 Cr

EV / EBITDA

10.8x

EV / Sales

4.12x

Market cap / Sales

3.23x

Earnings yield

6.98%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 2,991 Cr, up 7.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	2,872	483	374	₹2.7000
March 31, 2026	2,918	651	1,243	₹8.9700
Dec. 31, 2025	2,885	693	428	₹3.0900
Sept. 30, 2025	2,565	488	485	₹3.5000
June 30, 2025	2,496	319	368	₹2.6600
March 31, 2025	2,723	244	656	₹4.7300
Dec. 31, 2024	2,775	489	408	₹2.5800
Sept. 30, 2024	2,139	283	339	₹1.3800
June 30, 2024	2,647	667	496	₹3.5800
March 31, 2024	2,931	520	173	₹1.2500
Dec. 31, 2023	2,516	319	221	₹1.5900
Sept. 30, 2023	2,471	475	1,121	₹8.0900
June 30, 2023	2,601	521	331	₹2.3900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	2,991	3,202	3,248	2,804	2,780	3,099	2,993	2,485	2,902	3,373	2,585	2,744	2,690
Operating revenue	2,872	2,918	2,885	2,565	2,496	2,723	2,775	2,139	2,647	2,931	2,516	2,471	2,601
Other income	120	284	363	240	284	376	219	346	254	443	69	273	89
Operating expenses	2,044	2,041	2,045	1,844	1,988	2,341	2,039	1,742	1,743	2,340	1,758	1,746	1,628
Operating profit	828	877	840	721	508	382	736	397	904	591	758	725	973
Operating profit margin	28.8%	30.0%	29.1%	28.1%	20.3%	14.0%	26.5%	18.6%	34.1%	20.2%	30.1%	29.3%	37.4%
Depreciation	337	382	378	350	342	379	329	317	343	363	351	361	367
Interest	128	128	132	123	131	135	136	143	149	151	156	162	174
Exceptional items, gain / (loss)	—	—	—	194	—	—	—	—	—	—	—	—	—
Profit before tax	483	651	693	488	319	244	489	283	667	520	319	475	521
Tax	174	12	145	196	161	412	148	163	235	49	130	606	157
Net profit	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS	2.70	8.97	3.09	3.50	2.66	4.73	2.58	1.38	3.58	1.25	1.59	8.09	2.39
Net profit (TTM)	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS (TTM)	18.26	18.22	13.98	13.47	11.35	12.27	8.79	7.80	14.51	13.32	17.65	13.18	7.74

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	10,864	2,150	2,525
March 31, 2025	10,286	1,683	1,900
March 31, 2024	10,519	1,835	1,847
March 31, 2023	12,955	4,017	1,248

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	-5.4%	6.2%	12,035^†	11,480^†	11,392^†	14,196^†	10,662^†	8,917^†	9,133^†	8,059^†	9,083^†	9,418^†
Operating revenue	-5.7%	8.4%	10,864	10,286	10,519	12,955	9,856^†	7,250^†	7,916^†	7,146^†	8,496^†	8,743^†
Other income	—	—	1,171^†	1,194^†	873^†	1,241^†	806^†	1,667^†	1,217^†	913^†	587^†	674^†
Operating expenses	—	—	7,918^†	7,865^†	7,472^†	7,991^†	6,407^†	5,296^†	5,142^†	5,612^†	—	5,157^†
Operating profit	-16.0%	8.6%	2,946^†	2,420^†	3,046^†	4,964^†	3,449^†	1,954^†	2,774^†	1,534^†	—	3,586^†
Operating profit margin	—	—	27.1%^†	23.5%^†	29.0%^†	38.3%^†	35.0%^†	26.9%^†	35.0%^†	21.5%^†	—	41.0%^†
Depreciation	—	—	1,453^†	1,368^†	1,442^†	1,420^†	1,528^†	1,204^†	958^†	746^†	—	683^†
Interest	—	—	514^†	562^†	643^†	756^†	784^†	981^†	820^†	390^†	205^†	169^†
Exceptional items, gain / (loss)	—	—	194^†	0^†	0^†	-12^†	390^†	3^†	-3^†	-35^†	59^†	-180^†
Profit before tax	-18.8%	8.4%	2,150	1,683	1,835	4,017	2,333^†	1,439^†	2,209^†	1,276^†	2,690^†	3,028^†
Tax	—	—	514^†	958^†	941^†	476^†	1,370^†	712^†	791^†	869^†	792^†	-215^†
Net profit	26.5%	—	2,525	1,900	1,847	1,248	—	—	—	—	—	—
EPS	26.5%	19.4%	18.22^†	12.27^†	13.32^†	9.00^†	8.93^†	7.51^†	10.20^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	27.1%^†	23.5%^†	29.0%^†	38.3%^†	35.0%^†	26.9%^†	35.0%^†	21.5%^†	—	41.0%^†
EBIT margin	24.5%^†	21.8%^†	23.6%^†	36.8%^†	31.6%^†	33.4%^†	38.3%^†	23.3%^†	34.1%^†	36.6%^†
PBT margin	19.8%	16.4%	17.4%	31.0%	23.7%^†	19.8%^†	27.9%^†	17.9%^†	31.7%^†	34.6%^†
Net margin	23.2%	18.5%	17.6%	9.6%	—	—	—	—	—	—
Interest coverage	5.18x^†	3.99x^†	3.85x^†	6.32x^†	3.98x^†	2.47x^†	3.69x^†	4.27x^†	14.12x^†	18.91x^†
Dividend payout	28.0%^†	24.4%^†	26.3%^†	33.3%^†	33.6%^†	13.3%^†	69.2%^†	—	—	—
Earnings retention	72.0%^†	75.6%^†	73.7%^†	66.7%^†	66.4%^†	86.7%^†	30.8%^†	—	—	—
Current ratio	0.64x	0.81x	—	—	—	—	—	—	—	—
Quick ratio	0.44x	0.64x	—	—	—	—	—	—	—	—
Debt to equity	0.53x	0.43x	—	—	—	—	—	—	—	—
Return on equity	13.1%	10.9%	—	—	—	—	—	—	—	—
Return on assets	6.7%	5.2%	—	—	—	—	—	—	—	—
Return on capital employed	9.0%^†	7.9%^†	—	—	—	—	—	—	—	—
Asset turnover	0.29x	0.28x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	2,513	-3,839	1,252	4,538	-2,025
March 31, 2025	5,645	-4,059	-1,976	4,006	1,639
March 31, 2024	5,266	-2,269	-2,514	2,038	3,228
March 31, 2023	3,479	-1,544	-1,987	1,784	1,695
March 31, 2022	6,086	-123	-5,992	216	5,870

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	37,617	19,270	17,884	4,197	5,960	5,173	8,123	90	14,159	1,612
March 31, 2025	36,281	17,465	16,079	2,518	5,007	6,253	7,679	163	17,453	1,370
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.