Shares of NLC India gained 2.04% to trade at Rs 229.75 in Monday's session. At 12:38 pm, the stock is trading positively.
Financial Overview
The following table presents the consolidated quarterly financial data for NLC India:
| 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 following table presents the consolidated yearly financial data for NLC India:
| 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 following table provides a summary of the annual income statement for NLC India:
| 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 |
The following table shows the quarterly income statement:
| 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 |
The cash flow from operating activities for the year ending March 2025 was Rs 9,043 Crore. Investing activities resulted in a cash outflow of Rs 7,159 Crore, while financing activities led to an outflow of Rs 2,196 Crore. Overall, the net cash flow was a decrease of Rs 312 Crore.
Balance Sheet
The following table presents the consolidated balance sheet data for NLC India:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Equities & Liabilities | |||||
| 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 |
| Assets | |||||
| 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 |
Financial Ratios
Key financial ratios for NLC India are detailed below:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 9.70 | 8.05 | 10.28 | 13.47 | 19.57 |
| Diluted Eps (Rs.) | 9.70 | 8.05 | 10.28 | 13.47 | 19.57 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 115.37 | 118.09 | 127.11 | 139.66 | 135.02 |
| Dividend/Share (Rs.) | 2.50 | 3.00 | 3.50 | 3.00 | 3.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 48.33 | 39.84 | 43.67 | 34.48 | 42.18 |
| Operating Margin (%) | 32.24 | 23.87 | 32.53 | 20.44 | 29.85 |
| Net Profit Margin (%) | 13.66 | 9.33 | 8.81 | 14.36 | 17.75 |
| Return on Networth / Equity (%) | 9.31 | 7.70 | 9.20 | 11.21 | 14.00 |
| ROCE (%) | 8.09 | 6.98 | 12.56 | 6.04 | 9.92 |
| Return On Assets (%) | 2.43 | 2.19 | 2.62 | 3.37 | 4.53 |
| Current Ratio (X) | 1.01 | 1.19 | 1.03 | 1.01 | 0.72 |
| Quick Ratio (X) | 0.90 | 1.06 | 0.93 | 0.88 | 0.56 |
| Debt to Equity (x) | 1.79 | 1.55 | 1.47 | 1.35 | 1.20 |
| Interest Coverage Ratios (X) | 2.42 | 4.84 | 6.98 | 5.28 | 6.92 |
| Asset Turnover Ratio (%) | 18.26 | 0.23 | 0.31 | 0.24 | 0.27 |
| Inventory Turnover Ratio (X) | 6.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Yr CAGR Sales (%) | -6.61 | 10.02 | 25.15 | 14.90 | 13.10 |
| 3 Yr CAGR Net Profit (%) | -17.08 | -14.83 | -0.94 | 17.81 | 55.99 |
| P/E (x) | 5.20 | 7.77 | 7.50 | 16.93 | 12.50 |
| P/B (x) | 0.50 | 0.61 | 0.71 | 1.91 | 1.81 |
| EV/EBITDA (x) | 7.00 | 6.75 | 4.99 | 12.51 | 9.19 |
| P/S (x) | 0.71 | 0.73 | 0.66 | 2.43 | 2.22 |
NLC India has announced several corporate actions, including dividend payouts. An interim dividend of Rs 1.50 per share (15%) was announced on February 3, 2025, with an effective date of February 7, 2025. Other recent announcements include an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the commencement of commercial operation of a solar power project.
A Moneycontrol analysis on August 25, 2025, indicated a very bearish sentiment for the stock.
With the stock's last traded price at Rs 229.75, NLC India has seen a positive movement today.
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