NLC India share price & results
- Jun 2026
- Sept 2026
Navratna PSU that mines lignite and coal and generates thermal, solar and wind power across India.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,717 | +23.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 31.0 | +7.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 436 | −48.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.94 | −2.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -14.12 | −25.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 16.85 | −3.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −12.8% 1Y
1Y: ₹264.15 on 24 Oct 2025 → ₹230.4. High ₹370.9 (14 May 2026), low ₹228.5 (23 Oct 2026).
- Previous close
- ₹229.35
- Market cap
- ₹31.9k Cr
- 52-week range
- ₹228.5 – ₹370.9
- One year
- −11.55%
- Price to earnings (TTM to Jun 2026)
- 9.95×
- Return on equity (TTM to Jun 2026)
- 15.94%
Overview
- Symbol
- NSE:NLCINDIA
- Sector
- Power
- Industry
- Utilities
- Exchange
- NSE
- Currency
- INR
What NLC India does
Based on the company's own presentations, annual report and earnings calls.
NLC India is a Government of India Navratna enterprise engaged in an integrated mining-to-power chain: it mines lignite and coal from captive blocks and sells or captively consumes the fuel to run its own coal/lignite-based thermal power stations. It also generates and sells solar and wind power, with the renewables business consolidated under subsidiary NLC India Renewables Limited (NIRL). The group is diversifying into adjacent areas including critical minerals and rare earths, manufactured sand from mine overburden, battery energy storage systems (BESS) and EV charging infrastructure through subsidiary NLC India Green Energy Limited (NGEL) and various joint ventures.
Segments
- Mining
- Thermal Power
- Renewable Power
- Mines operated
- 6
- Power plants operated
- 17
- States and UTs of operation
- 11
- Total installed mining capacity
- 50 MTPA (30 MTPA lignite + 20 MTPA coal)
- Total thermal power capacity
- 5,960 MW (3,640 MW NLCIL + 2,320 MW via JVs)
- Operational renewable (solar + wind) capacity
- 1,734 MW
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −48% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,657 | 4,411 | 3,836 | 3,826 | 4,178 | 4,443 | 5,042 | 4,717 |
| Expenses | 2,644 | 3,377 | 2,975 | 2,891 | 2,779 | 3,099 | 3,268 | 3,245 |
| Operating profit | 1,013 | 1,035 | 861 | 935 | 1,400 | 1,344 | 1,774 | 1,471 |
| Operating margin | 28.0% | 23.0% | 22.0% | 24.0% | 34.0% | 30.0% | 35.0% | 31.0% |
| Other income | 713 | 489 | 957 | 497 | 359 | 364 | 802 | 228 |
| Interest | 180 | 237 | 325 | 299 | 289 | 269 | 364 | 382 |
| Depreciation | 413 | 458 | 581 | 539 | 548 | 597 | 695 | 666 |
| Profit before tax | 1,133 | 830 | 912 | 594 | 921 | 843 | 1,518 | 652 |
| Tax rate | 13.0% | 16.0% | 49.0% | −41.0% | 21.0% | 14.0% | 2.0% | 33.0% |
| Net profit | 982 | 696 | 468 | 839 | 725 | 724 | 1,481 | 436 |
| EPS (₹ per share) | 6.58 | 4.82 | 3.48 | 5.75 | 4.80 | 4.80 | 10.05 | 3.49 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 16,165 | 12,999 | 15,280 | 17,489 |
| Expenses | 12,620 | 9,734 | 11,290 | 12,037 |
| Operating profit | 3,545 | 3,267 | 3,991 | 5,453 |
| Other income | 1,323 | 2,290 | 2,521 | 2,022 |
| Interest | 1,011 | 849 | 931 | 1,221 |
| Depreciation | 1,802 | 1,824 | 1,885 | 2,379 |
| Profit before tax | 2,056 | 2,882 | 3,697 | 3,876 |
| Net profit | 1,427 | 1,868 | 2,713 | 3,769 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 1,387 | 1,387 | 1,387 | 1,387 | 1,387 | 1,387 |
| Reserves | 12,803 | 13,782 | 15,144 | 17,336 | 18,579 | 20,138 |
| Borrowings | 22,086 | 22,333 | 22,415 | 22,429 | 24,368 | 27,892 |
| Other liabilities | 13,542 | 15,605 | 16,043 | 16,752 | 16,609 | 15,381 |
| Total liabilities | 49,818 | 53,107 | 54,989 | 57,904 | 60,943 | 64,798 |
| Fixed assets | 24,875 | 24,058 | 23,391 | 30,699 | 30,411 | 36,596 |
| Capital work in progress | 13,022 | 14,636 | 17,726 | 15,297 | 17,865 | 14,293 |
| Investments | 7 | 8 | 8 | 9 | 8 | 8 |
| Other assets | 11,914 | 14,405 | 13,864 | 11,898 | 12,659 | 13,900 |
| Total assets | 49,818 | 53,107 | 54,989 | 57,904 | 60,943 | 64,798 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 4,390 | 7,746 | 4,171 | 5,512 | 8,977 | 5,166 |
| Cash from investing | -2,212 | -763 | -2,499 | -3,059 | -7,160 | -7,549 |
| Cash from financing | -2,037 | -7,001 | -1,735 | -1,985 | -2,196 | 2,907 |
| Net cash flow | 140 | -18 | -62 | 468 | -379 | 525 |
| Free cash flow | 2,068 | 6,832 | 1,618 | 2,357 | 1,709 | -2,474 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 276 | 112 | 96 | 106 | 98 | 70 |
| Cash conversion cycle | 276 | 112 | 96 | 106 | 98 | 70 |
| Working capital days | -10 | 31 | 56 | 19 | -62 | -61 |
| Return on capital employed | 8.0% | 8.0% | 13.0% | 7.0% | 11.0% | 8.0% |
| Dividend payout | 26.0% | 19.0% | 35.0% | 22.0% | 16.0% | 15.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Power - Thermal contributes 59.8% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Power - Thermal 59.8%
₹3,810.44 crore
- Mining 36.7%
₹2,336.61 crore
- Power - renewable 3.5%
₹220.01 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Power - Thermal | 3,810.44 | 59.8% |
| Mining | 2,336.61 | 36.7% |
| Power - renewable | 220.01 | 3.5% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹6,367.06 crore
- Intersegment adjustment
- ₹1,650.31 crore
- Net segment revenue
- ₹4,716.75 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Mining grew from 32% to 37% of revenue over the last two years.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Power - Thermal | — | — | — | — | — | — | 62% | 60% | — |
| Mining | 32% | 36% | 38% | 38% | 38% | 36% | 35% | 37% | +14.3% |
| Power - renewable | — | — | — | — | — | — | — | 3% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 69.47% as of Sept 2026; institutions added 0.69 pts since Jun 2026.
- Promoters 69.47%
- Foreign institutions 4.61%
- Domestic institutions 13.64%
- Government 4.31%
- Public 7.98%
Who is on the register
Named in the Sep 2026 filing
Every holder of NLC India above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 69.47% | unchanged | |
| Mutual fund | 5.58% | unchanged |
| Mutual fund | 2.48% | unchanged |
| 1.94% | unchanged | |
| Insurer | 1.68% | unchanged |
| Insurer | 1.15% | unchanged |
| 1.08% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in NLCINDIA
Filings to Sep 2026
0 new, 5 added, 5 trimmed, 0 sold out — net +7.95 L shares (+1.0%).
- Held by funds
- ₹2.1k Cr
- 18 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹722 Cr · 0.9% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹722 Cr | held | Oct '22 |
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹466 Cr | held | Jun '23 |
| CPSE ETF Nippon India Mutual Fund | ₹269 Cr | −0.95 L | Jan '19 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹195 Cr | held | Jul '23 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹191 Cr | held | Mar '24 |
| Nippon India Power & Infra Fund Nippon India Mutual Fund | ₹64 Cr | held | Aug '24 |
| Nippon India Value Fund Nippon India Mutual Fund | ₹62 Cr | held | Jun '23 |
| HDFC Large & Mid Cap Fund HDFC Mutual Fund | ₹51 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
5 added, 5 trimmed — net +7.95 L shares (+1.0%)
- Funds are sitting on
- +29%
- vs est. average cost
- Held by funds
- ₹2.1k Cr
- 18 schemes · ≈ 5.8% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹722 Cr · 0.9% of that fund
- Longest holder
- CPSE ETF
- 7y 9m · since Jan '19
Shares held by these funds +50%
Oct '23 8.06 cr shares Sep '26
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