NLC India shares gained 1.79% to trade at Rs 281.02 on Wednesday. The stock witnessed high volume and a surge in volume during the trading session. NLC India is a constituent of the Nifty Midcap 150 index.
Financial Highlights:
Consolidated Quarterly Performance:Here is a summary of NLC India's consolidated quarterly financial performance:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 3,376.05 Crore | Rs 3,657.27 Crore | Rs 4,411.41 Crore | Rs 3,836.00 Crore | Rs 3,825.61 Crore |
| Net Profit | Rs 566.64 Crore | Rs 982.40 Crore | Rs 695.95 Crore | Rs 468.36 Crore | Rs 839.15 Crore |
| EPS | 4.09 | 7.71 | 5.02 | 3.38 | 5.02 |
The revenue for the quarter ending June 2025 was Rs 3,825.61 Crore, compared to Rs 3,836.00 Crore for the quarter ending March 2025. The net profit for the quarter ending June 2025 was Rs 839.15 Crore, compared to Rs 468.36 Crore for the quarter ending March 2025.
Consolidated Yearly Performance:The consolidated yearly financial performance is as follows:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 9,846.09 Crore | Rs 11,947.94 Crore | Rs 16,165.24 Crore | Rs 12,999.03 Crore | Rs 15,282.96 Crore |
| Net Profit | Rs 1,345.37 Crore | Rs 1,115.13 Crore | Rs 1,425.13 Crore | Rs 1,867.32 Crore | Rs 2,713.37 Crore |
| EPS | 9.70 | 8.05 | 10.28 | 13.47 | 19.57 |
| BVPS | 115.37 | 118.09 | 127.11 | 139.66 | 135.02 |
| ROE | 9.31 | 7.70 | 9.20 | 11.21 | 14.00 |
| Debt to Equity | 1.79 | 1.55 | 1.47 | 1.35 | 1.20 |
The revenue for the year ending March 2025 was Rs 15,282.96 Crore, compared to Rs 12,999.03 Crore for the year ending March 2024. Net profit for the year ending March 2025 stood at Rs 2,713.37 Crore, up from Rs 1,867.32 Crore in the previous year. EPS increased from 13.47 in March 2024 to 19.57 in March 2025.
Consolidated Yearly Income Statement:The consolidated yearly income statement is detailed below:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 15,282 Crore | Rs 12,999 Crore | Rs 16,165 Crore | Rs 11,947 Crore | Rs 9,846 Crore |
| Other Income | Rs 1,606 Crore | Rs 947 Crore | Rs 1,217 Crore | Rs 598 Crore | Rs 1,952 Crore |
| Total Income | Rs 16,889 Crore | Rs 13,946 Crore | Rs 17,383 Crore | Rs 12,545 Crore | Rs 11,798 Crore |
| Total Expenditure | Rs 12,260 Crore | Rs 10,215 Crore | Rs 14,315 Crore | Rs 8,959 Crore | Rs 8,231 Crore |
| EBIT | Rs 4,628 Crore | Rs 3,730 Crore | Rs 3,067 Crore | Rs 3,586 Crore | Rs 3,566 Crore |
| Interest | Rs 931 Crore | Rs 849 Crore | Rs 1,011 Crore | Rs 983 Crore | Rs 1,312 Crore |
| Tax | Rs 983 Crore | Rs 1,014 Crore | Rs 630 Crore | Rs 1,488 Crore | Rs 909 Crore |
| Net Profit | Rs 2,713 Crore | Rs 1,867 Crore | Rs 1,425 Crore | Rs 1,115 Crore | Rs 1,345 Crore |
Sales for the year ending March 2025 were Rs 15,282 Crore, compared to Rs 12,999 Crore for the year ending March 2024. Other income increased from Rs 947 Crore in March 2024 to Rs 1,606 Crore in March 2025.
The consolidated quarterly income statement is as follows:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 3,825 Crore | Rs 3,836 Crore | Rs 4,411 Crore | Rs 3,657 Crore | Rs 3,376 Crore |
| Other Income | Rs 290 Crore | Rs 135 Crore | Rs 486 Crore | Rs 712 Crore | Rs 264 Crore |
| Total Income | Rs 4,115 Crore | Rs 3,971 Crore | Rs 4,897 Crore | Rs 4,370 Crore | Rs 3,640 Crore |
| Total Expenditure | Rs 3,223 Crore | Rs 2,734 Crore | Rs 3,831 Crore | Rs 3,056 Crore | Rs 2,629 Crore |
| EBIT | Rs 892 Crore | Rs 1,237 Crore | Rs 1,066 Crore | Rs 1,313 Crore | Rs 1,011 Crore |
| Interest | Rs 298 Crore | Rs 325 Crore | Rs 236 Crore | Rs 179 Crore | Rs 189 Crore |
| Tax | Rs -245 Crore | Rs 443 Crore | Rs 133 Crore | Rs 151 Crore | Rs 255 Crore |
| Net Profit | Rs 839 Crore | Rs 468 Crore | Rs 695 Crore | Rs 982 Crore | Rs 566 Crore |
Sales for the quarter ending June 2025 were Rs 3,825 Crore, compared to Rs 3,836 Crore for the quarter ending March 2025. Other income increased from Rs 135 Crore in March 2025 to Rs 290 Crore in June 2025.
Consolidated Cash Flow:The consolidated cash flow statement is as follows:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 9,043 Crore | Rs 5,623 Crore | Rs 3,761 Crore | Rs 7,769 Crore | Rs 4,389 Crore |
| Investing Activities | Rs -7,159 Crore | Rs -3,151 Crore | Rs -2,088 Crore | Rs -762 Crore | Rs -2,212 Crore |
| Financing Activities | Rs -2,196 Crore | Rs -1,985 Crore | Rs -1,734 Crore | Rs -7,024 Crore | Rs -2,037 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs -312 Crore | Rs 487 Crore | Rs -61 Crore | Rs -17 Crore | Rs 140 Crore |
Cash flow from operating activities for the year ending March 2025 was Rs 9,043 Crore, compared to Rs 5,623 Crore for the year ending March 2024. Investing activities resulted in a cash outflow of Rs 7,159 Crore in March 2025.
Consolidated Balance Sheet:The consolidated balance sheet is detailed below:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 1,386 Crore | Rs 1,386 Crore | Rs 1,386 Crore | Rs 1,386 Crore | Rs 1,386 Crore |
| Reserves & Surplus | Rs 17,336 Crore | Rs 15,144 Crore | Rs 13,782 Crore | Rs 12,802 Crore | Rs 12,713 Crore |
| Current Liabilities | Rs 11,897 Crore | Rs 10,965 Crore | Rs 11,213 Crore | Rs 8,967 Crore | Rs 14,706 Crore |
| Other Liabilities | Rs 27,230 Crore | Rs 27,445 Crore | Rs 26,685 Crore | Rs 26,629 Crore | Rs 25,099 Crore |
| Total Liabilities | Rs 57,851 Crore | Rs 54,941 Crore | Rs 53,067 Crore | Rs 49,785 Crore | Rs 53,906 Crore |
| Fixed Assets | Rs 45,996 Crore | Rs 41,117 Crore | Rs 38,694 Crore | Rs 37,897 Crore | Rs 38,039 Crore |
| Current Assets | Rs 8,534 Crore | Rs 11,127 Crore | Rs 11,574 Crore | Rs 10,695 Crore | Rs 14,821 Crore |
| Other Assets | Rs 3,320 Crore | Rs 2,697 Crore | Rs 2,798 Crore | Rs 1,192 Crore | Rs 1,045 Crore |
| Total Assets | Rs 57,851 Crore | Rs 54,941 Crore | Rs 53,067 Crore | Rs 49,785 Crore | Rs 53,906 Crore |
| Contingent Liabilities | Rs 0 Crore | Rs 39,552 Crore | Rs 17,687 Crore | Rs 11,459 Crore | Rs 15,178 Crore |
Total assets were Rs 57,851 Crore for March 2025, compared to Rs 54,941 Crore for March 2024. Fixed assets increased from Rs 41,117 Crore in March 2024 to Rs 45,996 Crore in March 2025.
Consolidated Ratios:Key financial ratios for NLC India:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 19.57 | 13.47 | 10.28 | 8.05 | 9.70 |
| Diluted Eps (Rs.) | 19.57 | 13.47 | 10.28 | 8.05 | 9.70 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 135.02 | 139.66 | 127.11 | 118.09 | 115.37 |
| Dividend/Share (Rs.) | 3.00 | 3.00 | 3.50 | 3.00 | 2.50 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 42.18 | 34.48 | 43.67 | 39.84 | 48.33 |
| Operating Margin (%) | 29.85 | 20.44 | 32.53 | 23.87 | 32.24 |
| Net Profit Margin (%) | 17.75 | 14.36 | 8.81 | 9.33 | 13.66 |
| Return on Networth / Equity (%) | 14.00 | 11.21 | 9.20 | 7.70 | 9.31 |
| ROCE (%) | 9.92 | 6.04 | 12.56 | 6.98 | 8.09 |
| Return On Assets (%) | 4.53 | 3.37 | 2.62 | 2.19 | 2.43 |
| Current Ratio (X) | 0.72 | 1.01 | 1.03 | 1.19 | 1.01 |
| Quick Ratio (X) | 0.56 | 0.88 | 0.93 | 1.06 | 0.90 |
| Debt to Equity (x) | 1.20 | 1.35 | 1.47 | 1.55 | 1.79 |
| Interest Coverage Ratios (X) | 6.92 | 5.28 | 6.98 | 4.84 | 2.42 |
| Asset Turnover Ratio (%) | 0.27 | 0.24 | 0.31 | 0.23 | 18.26 |
| Inventory Turnover Ratio (X) | 0.00 | 0.00 | 0.00 | 0.00 | 6.06 |
| 3 Yr CAGR Sales (%) | 13.10 | 14.90 | 25.15 | 10.02 | -6.61 |
| 3 Yr CAGR Net Profit (%) | 55.99 | 17.81 | -0.94 | -14.83 | -17.08 |
| P/E (x) | 12.50 | 16.93 | 7.50 | 7.77 | 5.20 |
| P/B (x) | 1.81 | 1.91 | 0.71 | 0.61 | 0.50 |
| EV/EBITDA (x) | 9.19 | 12.51 | 4.99 | 6.75 | 7.00 |
| P/S (x) | 2.22 | 2.43 | 0.66 | 0.73 | 0.71 |
The debt-to-equity ratio has decreased from 1.79 in March 2021 to 1.20 in March 2025. The P/E ratio stood at 12.50 as of March 2025.
Corporate Actions:
NLC India announced a final dividend of Rs 1.50 per share (15%) with an effective date of September 19, 2025. Other recent announcements include:
Earlier, an interim dividend of Rs 1.50 per share (15%) was announced on February 3, 2025, with an effective date of February 7, 2025.
Moneycontrol analysis indicates a very bullish sentiment on NLC India as of September 24, 2025.
With the stock currently trading at Rs 281.02, NLC India has demonstrated a notable increase amid high trading volume.
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