Today NLC India Share may remain bullish till Rs 293.70 after falling by Rs 277.
NLC India Limited, formerly known as Neyveli Lignite Corporation, is a prominent player in the Indian power sector. Established in 1956, the company specializes in lignite mining and power generation. With a market capitalization of approximately ₹38,749 crores, NLC India is a mid-cap company listed on various indices, including Nifty Smallcap 100 and Nifty 500. This article delves into the latest updates on NLC India shares, their performance, and key financial metrics.
Main Points
As of September 5, 2024, the share price of NLC India is ₹280.80. The stock has shown notable fluctuations over the past year, with a 52-week high of ₹312 and a low of ₹117. The recent price movement indicates a slight increase of 2.93% over the past week, although it has decreased by 2.92% over the last month.
Here are some essential financial metrics for NLC India:
| Metric | Value |
|---|---|
| Market Capitalization | ₹38,749 crores |
| P/E Ratio | 19.3 |
| Price to Book Ratio | 2.0 |
| Dividend Yield | 0.54% |
| Return on Equity (ROE) | 11.7% |
| Earnings (Q1 FY 2024) | ₹559.42 crores |
| Total Revenue (FY 2023) | ₹13,946.44 crores |
The company reported a total revenue of ₹13,946.44 crores for the year ending March 31, 2023, with a profit of ₹1,854.09 crores. In the latest quarter (Q1 FY 2024), NLC India achieved revenue of ₹3,640.60 crores, reflecting a year-on-year growth of 1.8%.
The shareholding structure of NLC India has seen some changes over the past year. Here’s a breakdown of the current shareholding pattern:
| Shareholder Type | Percentage Holding (June 2024) |
|---|---|
| Promoters | 72.2% |
| Mutual Funds | 9.23% |
| Insurance Companies | 4.07% |
| Foreign Portfolio Investors | 2.18% |
| Individual Investors | 6.27% |
Promoter holding has decreased from 79.2% in June 2023 to 72.2% in June 2024, while domestic institutional investors have increased their stake from 8.02% to 13.82% during the same period.
Recent Developments
- Power Usage Agreement: On August 29, 2024, NLC India signed an agreement to supply 200 MW of green power. This development led to a 3% increase in share price, reflecting positive investor sentiment.
- Quarterly Results: The company reported a standalone net sales figure of ₹2,647.13 crores for June 2024, up 1.77% year-on-year. This growth is crucial as it indicates the company’s resilience in a competitive market.
- Market Trends: NLC India has experienced mixed performance in the stock market. While it has shown significant growth over the past three years (up 437.31%), the stock has faced challenges in the short term, particularly in August, where it has historically shown volatility.
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