NLC India Ltd (NSE: NLCINDIA) share: Recently Prime Minister Narendra Modi laid down the groundwork for the 300MW size solar power project for NLC India Ltd in Barsingsar, Rajasthan. Meanwhile, on Friday the share price of NLC India closed at Rs 253.
Last Friday the share price reached Rs 262.80. This share had reached the level of Rs 293.60 on February 5.
This is a 52-week high of NLC India shares. Let us tell you that on March 2023, the share price had gone to Rs 69.79, which is the 52-week low of the share.
Speaking at the videoconference Prime Minister Narendra Modi stated that the country is progressing at a rapid speed in the generation of solar energy. To give impetus to this mission, the foundation stone of different projects has been laid.
He said that the projects would provide green and affordable electricity to the area and provide excellent employment opportunities for the youth.
What Did The Company Say?
NLC India said the total cost of its solar projects is estimated to be Rs 1,756 crore. It is scheduled to go live in September.
The project is strategically located near the existing Barsingsar Thermal Power Station which benefits from power extraction through the existing network, and utilization of common infrastructure facilities.
As per the statement of the company, they have signed an energy usage arrangement with Rajasthan Urja Vikas Nigam Limited for Rs 2.52 per unit to cover the total capability of 300 MW.
Let us inform the world we are NLC India is a Navratna company that is part of the Ministry of Coal. NLC India Limited currently operates the 250 MW Barsingsar Thermal Power Station.
Shareholding Of The Company
If we look at the shareholding pattern of NLC India Limited till December 2023, a 79.20 percent stake is with the promoter. At the same time, public shareholding is 20.80 percent. Whoever promotes the firm is referred to as the President of India.
About NLC India Ltd company
NLC India Limited is an Indian-based business that is involved in the mining of coal, lignite, and power generation using lignite in addition to renewable energy sources as well as consultancy.
The segments of the company include Mining and Power generation.
The company is involved in lignite mining, which has a capacity of around 30.1 million tonnes per year, and coal mining, which has a production capacity of about 20 MTPA.
The Company operates five thermal power plants that are based on lignite with four located at Neyveli within Tamil Nadu and one at Barsingsar located in Rajasthan which has an aggregate capacity of around 3.640 megawatts (MW).
The capacity of renewable energy is about 1,421.06 milliwatts, from which 1,370.06 MW comes from solar energy while 51 MW comes from wind power sources.
Fundamental Analysis of NLC India Ltd
| Market Cap | ₹ 35,172 Cr. |
| Current Price | ₹ 254 |
| 52-wk High | ₹ 294 |
| 52-wk Low | ₹ 69.7 |
| Stock P/E | 13.7 |
| Book Value | ₹ 119 |
| Dividend | 1.38 % |
| ROCE | 13.5 % |
| ROE | 15.5 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.13 |
| OPM | 28.6 % |
| EPS | 28.6 % |
| Debt | ₹ 21,814 Cr. |
| Debt to Equity | 1.32 |
NLC India Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹251 | ₹265 |
| 2025 | ₹275 | ₹298 |
| 2026 | ₹300 | ₹343 |
| 2027 | ₹354 | ₹400 |
| 2028 | ₹405 | ₹434 |
| 2029 | ₹454 | ₹498 |
| 2030 | ₹512 | ₹543 |
NLC India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 79.20% |
| Mar 2023 | 79.20% |
| June 2023 | 79.20% |
| Sept 2023 | 79.20% |
| Dec 2023 | 79.20% |
| FII Holding | |
| Dec 2022 | 0.83% |
| Mar 2023 | 0.67% |
| June 2023 | 0.81% |
| Sept 2023 | 0.95% |
| Dec 2023 | 1.21% |
| DII Holding | |
| Dec 2022 | 5.88% |
| Mar 2023 | 6.89% |
| June 2023 | 8.02% |
| Sept 2023 | 9.18% |
| Dec 2023 | 8.85% |
| Govt. Holding | |
| Dec 2022 | 4.31% |
| Mar 2023 | 4.31% |
| June 2023 | 4.31% |
| Sept 2023 | 4.31% |
| Dec 2023 | 4.31% |
| Public Holding | |
| Dec 2022 | 8.94% |
| Mar 2023 | 8.94% |
| June 2023 | 7.66% |
| Sept 2023 | 6.37% |
| Dec 2023 | 6.44% |
NLC India Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 10,325 Cr |
| 2020 | ₹ 10,325 Cr |
| 2021 | ₹ 9,936 Cr |
| 2022 | ₹ 12,070 Cr |
| 2023 | ₹ 14,592 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,537 Cr |
| 2020 | ₹ 1,453 Cr |
| 2021 | ₹ 1,314 Cr |
| 2022 | ₹ 1,116Cr |
| 2023 | ₹ 2,590 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.48 |
| 2020 | 1.93 |
| 2021 | 1.79 |
| 2022 | 1.55 |
| 2023 | 1.47 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 19% |
| Current Year: | 184% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 7% |
| 3 Years: | 16% |
| Current Year: | 3% |
Conclusion
This article is a complete guide about NLC India LtdShare. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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