profit from every ₹100 of sales.

NLC India
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
You pay ₹9.54 for every ₹1 of profit it makes in a year.
of earnings would pay off all its debt.
Money in, money out
What NLC India sold, what it kept, and what it did with the cash.
Sales went from ₹162 billion in 2023 to ₹175 billion in 2026, with ₹35.2 billion of profit last year.
NLC India vs. similar companies
NLC India grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
NLC India | 9.5× · Cheap | ||
NextEra Energy | 26.2× · Fair price | ||
The Southern | 24.8× · Fair price | ||
Duke Energy | 20.2× · Fair price | ||
National Grid | 19.7× · Fair price |
AI analysis
An AI analyst reads NLC India's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 161,652 | 130,013 | 152,830 | 174,895 | |
| 108,559 | 84,134 | 131,981 | 141,208 | |
| 58,430 | 18,949 | 29,560 | 32,099 | |
| 46,919 | 54,844 | 65,130 | 74,753 | |
| 13,957 | 18,541 | 26,214 | 35,222 | |
| 10.28 | 13.37 | 18.90 | – | |
| 67.2% | 64.7% | 86.4% | 80.7% | |
| 36.1% | 14.6% | 19.3% | 18.4% | |
| 8.6% | 14.3% | 17.2% | 20.1% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 530,677 | 549,418 | 578,514 | 652,023 |
| Cash | 775 | 5,649 | 1,870 | 7,115 |
| Total debt | 223,331 | 224,155 | 224,286 | 278,918 |
| Total liabilities | 354,420 | 355,756 | 359,066 | 399,283 |
| 151,688 | 165,311 | 187,230 | 215,248 | |
| 1,387 | 1,387 | 1,387 | – | |
| 5.8% | 7.0% | 8.4% | 7.7% | |
| 9.2% | 11.2% | 14.0% | 16.4% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 41,713 | 55,125 | 89,771 | 51,661 | |
| 26,034 | 31,682 | 73,402 | 79,449 | |
| 15,680 | 23,443 | 16,369 | -27,789 | |
| Dividends paid | 4,283 | 4,985 | 4,403 | 7,361 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 9.5×
- –
- –
- 2.0×
- 1.9×
- –
- 8.1×
- -8.3%
- 10.5%
- 2.2%
Profitability
- 80.7%
- 18.4%
- 20.1%
- –
- 7.7%
- 7.3%
- –
- –
- –
- –
Growth
- +2.7%
- –
- –
- –
- +0.0%
Financial health
- 3.6×
- 1.30
- –
- 4.2×
- 0.80
- –
- –
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
How safe it looks
20.9% of its profit
Room to growStretchedMore than it earnsNews
Coca-Cola files paperwork for India bottling unit’s IPOSeeking Alpha · Nov 7, 2026TD SYNNEX partners with SISA to expand cybersecurity offerings in IndiaSeeking Alpha · Nov 5, 2026Nokia and L&T Technology Services ink strategic 5-year R&D partnership in IndiaSeeking Alpha · Oct 26, 2026Volvo Group Q3 earnings rise as truck deliveries increase 11%, lifts India and China estimatesSeeking Alpha · Oct 23, 2026PepsiCo warns India energy drink ban could dry up supplies in two monthsSeeking Alpha · Oct 15, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about NLC India
Is NLC India a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the NLC India AI analysis
What does NLC India do?
NLC India Limited engages in the mining and power generation business in India. The company mines for lignite and coal; and generates power through lignite and coal, as well as through thermal, solar, and wind power plants. It is in Utilities - Regulated Electric, based in Cuddalore, India.
Does NLC India pay a dividend?
Yes. At today's price the dividend is 2.2% a year, about 21% of its yearly profit. In 2026 it paid out ₹7.36 billion in dividends.
Is NLC India stock halal?
No. NLC India does not pass our halal screen: its debt is 81% of its market value, at or above the 33% limit. How we check
How has NLC India stock done over the past year?
Up 0.2% over the past twelve months, to ₹242.25. It traded between ₹227.95 and ₹370.90 and is 34.7% below its high.
Who are NLC India's competitors?
The largest listed companies in the same industry are NextEra Energy, The Southern, Duke Energy and National Grid. The peers table on this page compares their profit, growth and price with NLC India's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.



