NLC India Ltd - Stock Valuation and Financial Performance

BSE: 513683 | NSE: NLCINDIA | Power Generation/Distribution | Mid Cap

Neyveli Lignite Share Price

235.90 -9.20 -3.75%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Neyveli Lignite

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

NLC India stock performance -

mw4me loader
P/E Ratio (SA):
26.60
Market Cap:
32,710.8 Cr.
52-wk low:
193
52-wk high:
311.7

Is NLC India Ltd an attractive stock to invest in?

1. Is NLC India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that NLC India Ltd is a average quality company.

2. Is NLC India Ltd undervalued or overvalued?

The key valuation ratios of NLC India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is NLC India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NLC India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Neyveli Lignite:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NLC India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.5%6.6%13%13.8%10.6%11%9.4%13.1%10.3%14.3%-
Value Creation
Index
0.1-0.50.00.0-0.2-0.2-0.30.0-0.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,3766,6528,6538,4967,1467,9167,2509,85612,95510,51910,233
Sales YoY Gr.-52%30.1%-1.8%-15.9%10.8%-8.4%36%31.4%-18.8%-
Adj EPS 7.95.320.3124.910.25.95.620.68.68.9
YoY Gr.--33.9%287.1%-40.8%-59.1%108.1%-42.8%-5.3%271.2%-58.5%-
BVPS (₹) 88.77779.887.290.291.293.599.6105.6115.3119.7
Adj Net
Profit
1,3328813,1061,8416831,4198137702,8571,1861,230
Cash Flow from Ops. 8511,3148103,7614991,1684,0526,0623,8235,266-
Debt/CF from Ops. 3.72.78.62.326.414.43.71.72.51.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.2%8%13.2%-18.8%
Adj EPS 0.8%11.7%13.4%-58.5%
BVPS3%5%7.3%9.3%
Share Price 11.6% 34.1% 59.4% 12.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.36.324.714.45.311.36.45.820.17.77.6
Op. Profit
Mgn %
43.332.939.136.621.635.126.93538.329.126.1
Net Profit
Mgn %
30.413.235.921.79.617.911.27.822.111.312
Debt to
Equity
0.20.30.60.71.11.31.20.70.60.50.4
Working Cap
Days
539370380519625575654427303374135
Cash Conv.
Cycle
1741411481591692062771388112030

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.21%

Net Profit is growing at healthy rate in last 3 years 13.42%

Debt to equity has declined versus last 3 years average to 0.50

Return on Equity has declined versus last 3 years average to 7.50%

Sales growth is not so good in last 4 quarters at -13.50%

Latest Financials - NLC India Ltd.

Standalone Consolidated
TTM EPS (₹) 8.9 13.2
TTM Sales (₹ Cr.) 10,233 13,738
BVPS (₹.) 119.7 128.2
Reserves (₹ Cr.) 15,443 16,384
P/BV 1.97 1.84
PE 26.60 17.82
From the Market
52 Week Low / High (₹) 193.00 / 311.65
All Time Low / High (₹) 4.90 / 311.65
Market Cap (₹ Cr.) 32,711
Equity (₹ Cr.) 1,386.6
Face Value (₹) 10
Industry PE 27.6

Management X-Ray of Neyveli Lignite:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Neyveli Lignite

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,3766,6528,6538,4967,1467,9167,2509,85612,95510,519
Operating Expenses 2,4804,4635,2675,3875,6125,1425,3006,4077,9917,472
Manufacturing Costs-1571,6042,0772,0341,8962,0702,0042,5413,3253,602
Material Costs-205-368-4376724382-51476268-189
Employee Cost 2,2152,2522,2953,0822,9642,8052,6892,6242,5262,647
Other Costs 6279751,3322035091856587661,8711,413
Operating Profit 1,8962,1893,3853,1101,5342,7741,9503,4494,9643,046
Operating Profit Margin (%) 43.3%32.9%39.1%36.6%21.5%35.0%26.9%35.0%38.3%29.0%
Other Income 7385256755879131,2171,7178061,241873
Interest 156188169205390820981784756643
Depreciation 4416416838617469581,2321,5281,4201,442
Exceptional Items 346-935-1,05410824-8268663-2,305953
Profit Before Tax 2,3839502,1542,6412,1362,2051,7222,6061,7242,788
Tax 804722-2157928697917121,370476941
Profit After Tax 1,5792282,3691,8491,2671,4141,0101,2371,2481,847
PAT Margin (%) 36.1%3.4%27.4%21.8%17.7%17.9%13.9%12.5%9.6%17.6%
Adjusted EPS (₹)9.41.415.512.19.110.27.38.99.013.3
Dividend Payout Ratio (%)30%221%47%37%50%69%34%34%39%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 14,87712,92612,19913,33512,51112,64012,95913,80714,63915,994
Share Capital 1,6781,6781,5291,5291,3871,3871,3871,3871,3871,387
Reserves 13,19911,24810,67011,80611,12511,25311,57212,42013,25214,607
Minority Interest0000000000
Debt2,7923,1806,5877,50811,98515,01213,3989,1118,3157,055
Long Term Debt2,7923,1665,0416,0508,31711,3709,6988,8267,8177,055
Short Term Debt0151,5461,4583,6683,6413,7002854980
Trade Payables6319717071,5531,9881,8311,5121,077632912
Others Liabilities 4,7596,6119,69210,5829,02010,03610,53710,66811,85411,740
Total Liabilities 23,06023,68729,18532,97735,50439,51838,40634,66335,44035,702

Fixed Assets

Gross Block15,05710,29110,86112,66914,52822,11125,80326,36227,31128,101
Accumulated Depreciation8,6326371,2362,0952,8433,8035,6417,1778,5799,968
Net Fixed Assets6,4269,6549,62510,57411,68418,30820,16219,18518,73218,133
CWIP 4,4062,4575,1157,0758,8534,2111,1211,1261,0121,923
Investments 1,9341,9492,4212,4212,8243,5193,6223,9334,1964,640
Inventories8991,2951,8131,6891,4641,3251,4221,0258341,048
Trade Receivables2,2823,0113,7503,3664,6066,6925,6113,1293,7913,314
Cash Equivalents 3,2653,158474279317373617237200679
Others Assets3,8482,1635,9877,5735,7555,0905,8506,0286,6745,964
Total Assets 23,06023,68729,18532,97735,50439,51838,40634,66335,44035,702

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 8511,3148103,7614991,1684,0526,0623,8235,266
PBT 2,3831,8563,0282,6412,1362,2051,7222,6061,7242,788
Adjustment 933796641,4397931,5762,0422,2061,4982,285
Changes in Working Capital -862-394-237850-2022-22374842048606749
Tax Paid -763-526-504-463-405-378-219-802-5-577
Cash Flow From Investing Activity -830-1,154-3,581-3,099-3,183-3,146-811-123-1,888-2,269
Capex -1,132-1,459-3,472-3,232-3,050-2,698-883-211-1,773-2,028
Net Investments -317-118-4720-402-696-103-311-264-444
Others 619423362134269248175399148203
Cash Flow From Financing Activity -1,014-32613-6722,6861,977-3,101-5,968-1,987-2,514
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 143763,2881,8492,2363,641-1,921-872-1,009-762
Interest Paid -266-271-321-488-768-1,157-1,099-762-677-629
Dividend Paid -762-445-1,591-775-669-1,160-139-416-416-485
Others 015-1,363-1,2581,88765359-3,919116-639
Net Cash Flow -993-167-2,759-91-1139-29-52483
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.981.6418.8614.489.811.247.899.248.7812.06
ROCE (%)14.476.5913.0413.8110.5810.989.4313.0610.3314.31
Asset Turnover Ratio0.190.280.330.270.210.210.190.270.370.3
PAT to CFO Conversion(x)0.545.760.342.030.390.834.014.93.062.85
Working Capital Days
Receivable Days18714514315320426031016297123
Inventory Days66606675816469452633
Payable Days-974-793-7016,1162,6608,50109911,161-1,488

NLC India Ltd Stock News

NLC India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Neyveli Lignite on 20-Dec-2024 16:59 is ₹235.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Neyveli Lignite stood at ₹32,710.8.
The latest P/E ratio of Neyveli Lignite as of 20-Dec-2024 16:59 is 26.60.
The latest P/B ratio of Neyveli Lignite as of 20-Dec-2024 16:59 is 1.97.
The 52-week high of Neyveli Lignite is ₹311.6 and the 52-week low is ₹193.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Neyveli Lignite is ₹10,233 ( Cr.) .

About NLC India Ltd

NLC India Limited (formerly Neyveli Lignite Corporation Limited) is a Government Company registered under the erstwhile Companies Act, 1956 with its registered office located at Chennai and is listed with the Bombay Stock Exchange Ltd and the National Stock Exchange of India Ltd. The main activity of NLC India is Mining (Coal & Lignite) and Power Generation (Thermal and Renewable Energy). 

Business area of the company

The company is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources.

Awards

2014-15:

  • Productivity Award instituted by World Academy of Productivity Science (WAPS).
  • Greentech Gold Award 2014 instituted by Greentech Foundation for the best safety performance of TPS-II.
  • National Award instituted by ‘Governance Now’ for Best HR Practices (Training).
  • National Energy Conservation Award -2014 for Mine-I instituted by Bureau of Energy Efficiency.
  • IE (I) Industry Excellence Award 2014, instituted by Institution of Engineers (India).
  • First Prize in the category of Best Public Sector Undertaking Unit implementing Right to Information Act, Instituted by Public Relation Society of India (PRSI).
  • Green Rating Project (GRP) Award, instituted by the Centre for Science & Environment for Barsingsar TPS and TPS-II, Neyveli.

2015-16:

  • “Excellence in Cost Management Award 2014” from the Institute of Cost Accountants of India in recognition of cost control measures undertaken by Company.
  • “Star PSU Award” from Bureaucracy Today, for excellence in Corporate Social Responsibility in recognition of commitment and continuous engagement by Company with communities towards empowering development for a sustainable growth.
  • “Excellence in Integrated Water Resource Management Award” from Central Board of Irrigation and Power.
  • “National Golden Peacock Award for CSR-2015” from the Institution of Directors, New Delhi.
  • “Gold Award” for outstanding achievement in CSR from Greentech Foundation.

2016-17:

  • Gold Trophy & a Citation of Scope Excellence Award - Institutional Category (Maharatna/Navratna PSE’s) for the year 2011-12.
  • National award for outstanding Industrial Relations for the year 2014-15 instituted by the All India Organisation of Employers (AIOE). 
  • Golden Peacock Environment Award 2016 instituted by Institute of Directors, New Delhi in appreciation of its adoption of environment friendly technologies.

2017-18:

  • “Golden Peacock Environment Management Award” for the year 2017 in appreciation of its adoption of environment friendly technology presented in the World Congress on Environment Management.
  • Four National Awards and a Special Jury Award for Corporate video, bestowed by The Public Relations Society of India (PRSI) recognising the Company’s achievements in public relations and performance.
  • “NIPM National Award” for Best HR Practices 2017 by National Institute of Personnel Management (NIPM) for implementing modern HR strategies in the Company.
  • “Golden Peacock Award for Sustainability 2017” presented in Golden Business Meet.

2018-19:

  • Prestigious “Brands of the Decade” award, in recognition of its Vision and Mission in accordance with an exigent business model for massive expansion projects spreading across India.
  • Apex India CSR Excellence Award for its outstanding achievement in Corporate Social Responsibility at the Apex India Excellence Awards 2017 presentation.
  • Adjudged as the fastest growing Public Sector Enterprise (Navratna Category) by the Hindustan times group based on a study/survey by Price Waterhouse Cooper under the Navratna Category.
  • Bagged the prestigious Dun & Bradstreet PSU Award 2018 in the Best Growth Performance – Power Generation category.
  • Bagged the most prestigious NIPM Award for Best HR Practices in category A Organisations, NIPM Best IR Strategist Award and Best Development Programme in PSU for Middle Management at World HRD Congress, Mumbai.
  • Best Enterprise Award 2019 instituted by National WIPS Forum.

2019-20:

  • Platinum awards from GROW CARE INDIA for Environment Management.
  • 'National Project Excellence Award 2019' for successful commissioning of Clean and Green Solar Power Project
  • PRSI National Awards for outstanding contributions in the field of RTI and CSR.
  • Mine-I received the prestigious National Safety Award
  • 'Best Enterprise Award' in the Navratna category instituted by the Forum of Women in Public Sector (WIPS)
  • Apex India CSR Excellence Award 2019 in Platinum Category
  • Aqua Excellence Award 2019 for CSR
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