# NLC India share price today (NLC India Ltd, NSE: NLCINDIA)

> NLC India share price today: ₹230.31 at the NSE close on 3 November 2026, down 12.2% in a year. NLC India (NSE: NLCINDIA) is worth ₹31,928 crore, trades at a P/E of 9.9 and has closed between ₹227.95 and ₹352.80 over the past 52 weeks. > NLC India Ltd's earnings have grown faster than its share price. Earnings per share grew +34.4% in a year while the price moved −12.2%. NLCINDIA · Power - Generation/Distribution · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nlc-india-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹230.31 (−12.2% in a year)
- P/E: 9.9× (higher than 62% of the last 11 years)
- Revenue (Jun 2026): ₹4,717 Cr (+23.3% on a year ago)
- Profit (Jun 2026): ₹436 Cr (−48.0% on a year ago)
- Operating margin: 31.0% (+7.0 points on a year ago)
- ROCE: 8%, FY26
- Profit that came in as cash: 235%, last 3 years

The main question: yearly earnings per share moved +34.4% while the share price moved −12.2%. ## What is the NLC India share price today? NLC India Ltd's share price was ₹230.31 at the close on 3 November 2026. It has been falling for 7 weeks. That is 16.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹228 and ₹353, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running. Over the last 11 years the share price moved +252% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at NLC India this quarter? 1. Profit fell in the June 2026 quarter Profit was ₹436 crore, -48% on a year earlier (₹839 crore), after 2 quarters of growth. 3. Revenue up on a year earlier for 9 quarters in a row In the June 2026 quarter revenue was ₹4,717 crore, +23.3% on a year earlier. ## What dividend does NLC India pay? NLC India paid ₹3.85 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.67% at the ₹230.31 close on 3 November 2026. The last was a dividend of ₹0.25 a share, ex-date 22 September 2026. ### NLC India dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 Sep 2026 | ₹0.25 | Dividend | same day |
| 20 Jan 2026 | ₹3.60 | Interim | same day |
| 19 Sep 2025 | ₹1.50 | Dividend | same day |
| 7 Feb 2025 | ₹1.50 | Interim | same day |
| 17 Sep 2024 | ₹1.50 | Dividend | n/a |
| 16 Feb 2024 | ₹1.50 | Interim | same day |
| 18 Sep 2023 | ₹2 | Dividend | n/a |
| 24 Feb 2023 | ₹1.50 | Dividend | same day |
| 21 Sep 2022 | ₹1.50 | Dividend | n/a |
| 14 Mar 2022 | ₹1.50 | Interim | 15 Mar 2022 |
| 21 Sep 2021 | ₹1.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. NLC India Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are NLC India's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), NLC India reported revenue of ₹4,717 crore, up 23.3% from ₹3,826 crore a year earlier, and a profit of ₹436 crore, down 48.0% from ₹839 crore. ### NLC India results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,717 crore | ₹3,826 crore | +23.3% |
| Profit | ₹436 crore | ₹839 crore | −48.0% |
| Earnings per share | ₹3.49 | ₹5.75 | −39.3% |
| Operating margin | 31.0% | 24.0% | +7.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 27 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the NLC India share price history? NLC India closed at ₹230.31 on 3 November 2026, down 12.2% from ₹262.30 a year earlier (31 October 2025) and up 240.4% over five years. Its highest weekly close since February 2016 was ₹352.80 on 15 May 2026. ### NLC India share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹228.50 | +0.8% |
| 1 month ago · 1 Oct 2026 | ₹253.20 | −9.0% |
| 6 months ago · 30 Apr 2026 | ₹316.60 | −27.3% |
| 1 year ago · 31 Oct 2025 | ₹262.30 | −12.2% |
| 3 years ago · 3 Nov 2023 | ₹140.50 | +63.9% |
| 5 years ago · 4 Nov 2021 | ₹67.65 | +240.4% |
| 10 years ago · 4 Nov 2016 | ₹78.40 | +193.8% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹65.40 | +252.2% |
| Highest weekly close since February 2016, also the 52-week high · 15 May 2026 | ₹352.80 | −34.7% |
| Lowest weekly close since February 2016 · 22 May 2020 | ₹40.45 | +469.4% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹227.95 | +1.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on NLC India? 3 Nov 2026: NLC India closed at ₹230.31, up 0.8% on the week and down 9.0% on the month. 22 Sep 2026: ex-date for a dividend of ₹0.25 a share. ### Earlier

- Results for April to June 2026: Revenue up 23.3% and profit down 48.0% on a year earlier. - 27 May 2026: NLC India held its results call for January to March 2026. - 20 Jan 2026: ex-date for an interim dividend of ₹3.60 a share. ## What did NLC India management say on the latest results call? On the call for January to March 2026, held on 27 May 2026, NLC India's management spoke about the quarter; the main points are below. (From the call for January to March 2026, 27 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## Which stock lists is NLC India on? NLC India is on 4 of our India lists: 52 week high & low, Dividend stocks, Small & mid cap stocks and Power & green energy stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.61](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 266](https://www.sectoralpha.in/small-cap-stocks-india)
- [Power & green energy stocks Group on the list: Power producers and distributors](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is NLC India profitable? NLC India Ltd earned ₹436 Cr of net profit in the Jun 2026 quarter, −48.0% on the same quarter a year earlier. Full-year FY26 profit was ₹3,769 Cr. Over 10 years profit has grown 49.4% a year on average. That is 9.2% of the quarter's revenue. The same quarter a year earlier earned ₹839 Cr. For the full year, FY26 profit was ₹3,769 Cr (+38.9% on the year before). Why profit moved: revenue changed +23.3% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +36.6% and revenue +17.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does NLC India make, and is it growing? NLC India Ltd reported ₹4,717 Cr of revenue in the Jun 2026 quarter, +23.3% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 10 years it has grown 8.4% a year on average. The last full year, FY26, came in at ₹17,519 Cr. The last four reported quarters add to ₹18,380 Cr. FY26 revenue was ₹17,519 Cr, +14.3% on the year before. Recent pace: the last four quarters grew +17.4% on average, against 8.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.8%, against +18.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +12.8%, against +29.1% a year (rolling over). ## How much of every ₹100 of sales does NLC India keep? NLC India Ltd's operating margin was 31.0% in the Jun 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 23.0% and 46.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +6.8 percentage points on the year while gross margin changed +0.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is NLC India's profit turning into cash? Over the last 3 years, 235% of NLC India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹5,166 Cr of operating cash against ₹3,769 Cr of profit. After ₹7,272 Cr of spending on assets, free cash was −₹2,106 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 235% of profit came in as cash: the cash cycle got 206 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 3.0× depreciation over three years. The next section checks what that spending is building. ## Where does NLC India's cash go? NLC India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 70 days in FY26, down from 276 days in FY21. It spent ₹18,283 Cr on assets over the last 3 years. At FY26 sales of ₹17,519 Cr, each day of that cycle ties up about ₹48.0 Cr, so roughly ₹3,360 Cr is tied up in the business at any time. Spending on assets: ₹18,283 Cr over the last 3 years, against ₹6,088 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹14,293 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is NLC India's P/E ratio, and how does it compare with its own history? NLC India Ltd's P/E is 9.9×, in the middle of its own history: higher than 62% of past readings. Its usual P/E (the middle reading) is 7.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +34.4% while the price moved −12.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +27.8% a year; about +20.7% a year came from earnings growth and about +7.1 percentage points from the multiple (the market paying more); over 10 years the price moved +11.4% a year; about +11.2% a year came from earnings growth and about +0.2 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 11% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the NLC India business getting better or worse? NLC India Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +45.2% at its peak to +12.8%, but the business is still expanding, with ROCE falling at 8.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is NLC India management's track record? NLC India (NLCIL) demonstrates a mixed track record in FY26, characterized by strong revenue growth and capacity execution offset by margin compression. In October to December 2025, the company beat revenue estimates by 5% (₹4,443 crore) and profit by 5% (₹724 crore), but missed operating profit estimates by 6% due to higher fuel costs. July to September 2025 saw a similar pattern with a revenue/operating profit beat but a 10% profit miss due to lower other income. Management has consistently met capacity milestones, such as the Ghatampur Unit II COD in Dec 2025 and overachieving 9M FY26 Capital spending goals by 23% (₹6,242 crore). However, operating margin have structurally declined from ~41% to ~33% on a year earlier, leading to earnings volatility. ### Regulatory and governance record

NLC India Ltd faces significant legal and regulatory scrutiny as of early 2026. In February 2026, the Madras High Court directed the CBI to resume a preliminary inquiry into allegations of a ₹422 crore corruption scam involving senior officials and private contractors between 2022 and 2025. The allegations include criminal misconduct, forgery, and inflated costs in projects like the Talabira thermal plant. Additionally, the company has faced recurring penalties from BSE and NSE (e.g., ₹5.42 lakh in Feb 2026 and ₹5.36 lakh in Aug 2025) for non-compliance with SEBI LODR Regulation 17(1) regarding board composition and the failure to appoint a woman director. The company maintains that director appointments are controlled by the Ministry of Coal. (Checked 20 April 2026.)

## How much does NLC India earn on its capital? NLC India Ltd earned a ROCE of 8% in FY26. That is up from a low of 7% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 21.5% net margin and 0.27× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 21.5% net margin × 0.27× asset turnover × 3.01× leverage (assets divided by equity) ≈ 17.5% on equity. The margin does most of the work; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 11% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does NLC India have too much debt? NLC India Ltd had ₹27,892 Cr of borrowings against ₹21,525 Cr of equity in FY26, so its debt is 1.30× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹27,234 Cr to ₹27,892 Cr. Over the last 3 of those years it spent ₹18,283 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 11% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the NLC India shareholding pattern? Promoters cut their stake in NLC India Ltd by 2.7 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 69.5% of the company. Foreign institutions moved +2.1 points over the same period, to 4.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −2.7 points over 8 quarters, to 69.5%; Foreign institutions: +2.1 points over 8 quarters, to 4.6%; Domestic institutions: −0.6 points over 8 quarters, to 13.6%. Why the owners changed: promoters drove it (−2.7 points), with the other side taken by foreign institutions (+2.1 points). They reduced their stake. ## How far is NLC India from balance-sheet trouble? For NLC India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NLC India rank in its industry? 42.2 out of 100, rank 16 of 21 in Power - Generation/Distribution, with 78% of the evidence available. NLC India Ltd scores 42.2 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 16. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.9 + 12.3 + 10.3 + 2.7 = 42.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is NLC India compared with? NLC India ranks 16 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 42.2 out of 100. 1. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ACMESOLAR · leader · Most evidence points up · 83% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 53.7% · Profit 57.5% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 8.9% · Operating margin 85% · 100% evidence Valuation 9.3/20 · P/E 38.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 48.7% · Lead over NIFTY 500 37.1% · 1 year 43.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.3 + 20 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ADANIPOWER · quiet · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 17.2% · Profit 58.7% · Operating margin change 4 points · 100% evidence Capital efficiency 17.9/25 · ROCE 17.2% · Operating margin 42% · 100% evidence Valuation 7.9/20 · P/E 20× · PEG 1.83 · 100% evidence Relative strength 13.4/20 · Lead over its industry 17.8% · Lead over NIFTY 500 8% · 1 year 19.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.1 + 17.9 + 7.9 + 13.4 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) GIPCL · breaking out · Evidence leans up · 81% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 23.7% · Profit 100% · Operating margin change 18 points · 88% evidence Capital efficiency 8.1/25 · ROCE 5.5% · Operating margin 48% · 100% evidence Valuation 11.2/20 · P/E 4.9× · PEG 2.55 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 6% · 1 year -12.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.6 + 8.1 + 11.2 + 12 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) JSWENERGY · quiet · Evidence leans up · 82% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 26.4% · Profit 24.4% · Operating margin change -1 points · 95% evidence Capital efficiency 13.6/25 · ROCE 8.2% · Operating margin 57% · 76% evidence Valuation 7.8/20 · P/E 38.9× · PEG n/a · 50% evidence Relative strength 14.3/20 · Lead over its industry 10.5% · Lead over NIFTY 500 1.6% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 13.6 + 7.8 + 14.3 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ADANIGREEN · turning · Evidence leans up · 75% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 21.2% · Profit -3.3% · Operating margin change 2 points · 95% evidence Capital efficiency 14.1/25 · ROCE 7.4% · Operating margin 89% · 76% evidence Valuation 8.7/20 · P/E 109× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 25.5% · Lead over NIFTY 500 15.2% · 1 year 13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 14.1 + 8.7 + 15.9 = 55.1 · What this means: Relative strength against the index is 15.2%, and revenue and profit growth are weak. 6. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) NTPC · quiet · Evidence leans up · 82% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 7.4% · Profit 24.8% · Operating margin change 0 points · 95% evidence Capital efficiency 14.1/25 · ROCE 8.9% · Operating margin 29% · 76% evidence Valuation 11.8/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 12.4/20 · Lead over its industry 2.7% · Lead over NIFTY 500 -5.5% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 14.1 + 11.8 + 12.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) SJVN · quiet · Evidence leans up · 93% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 99% · Profit 77.6% · Operating margin change -12 points · 100% evidence Capital efficiency 11.5/25 · ROCE 5.7% · Operating margin 71% · 100% evidence Valuation 14.8/20 · P/E 21.2× · PEG 0.29 · 65% evidence Relative strength 3.3/20 · Lead over its industry -14% · Lead over NIFTY 500 -20.9% · 1 year -39.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 11.5 + 14.8 + 3.3 = 54.6 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.4%. 8. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) NTPCGREEN · quiet · Evidence leans up · 83% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 49.3% · Profit 8.6% · Operating margin change 2 points · 100% evidence Capital efficiency 11.8/25 · ROCE 3.6% · Operating margin 88% · 100% evidence Valuation 8.8/20 · P/E 106× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.7% · Lead over NIFTY 500 -8.7% · 1 year -20.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 11.8 + 8.8 + 11 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) NHPC · turning · Evidence leans up · 96% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 12% · Profit 24% · Operating margin change 6 points · 88% evidence Capital efficiency 9.1/25 · ROCE 5.8% · Operating margin 62% · 100% evidence Valuation 4.3/20 · P/E 20.6× · PEG 3.32 · 100% evidence Relative strength 17.7/20 · Lead over its industry 14.3% · Lead over NIFTY 500 5.4% · 1 year -8.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.8 + 9.1 + 4.3 + 17.7 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) KPIGREEN · quiet · Evidence leans up · 78% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 40% · Profit 33.2% · Operating margin change 1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 13.7% · Operating margin 35% · 76% evidence Valuation 13.4/20 · P/E 12× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -25.7% · 1 year -48.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.9 + 17.1 + 13.4 + 1.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) JPPOWER · quiet · Evidence leans down · 78% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) RTNPOWER · basing · Evidence leans down · 66% evidence 44.9 out of 100 Growth Capital Valuation Relative
13. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) CESC · quiet · Evidence leans down · 78% evidence 44.7 out of 100 Growth Capital Valuation Relative
14. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) GREENPOWER · basing · Evidence leans down · 71% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) TATAPOWER · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
16. NLC India Ltd this page NLCINDIA · quiet · Evidence leans down · 78% evidence 42.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 16.9% · Profit 12.8% · Operating margin change 7 points · 83% evidence Capital efficiency 12.3/25 · ROCE 8.4% · Operating margin 31% · 76% evidence Valuation 10.3/20 · P/E 9.8× · PEG n/a · 50% evidence Relative strength 2.7/20 · Lead over its industry -5.9% · Lead over NIFTY 500 -13.6% · 1 year -13.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.9 + 12.3 + 10.3 + 2.7 = 42.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 17. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) TORNTPOWER · quiet · Evidence leans down · 78% evidence 39.8 out of 100 Growth Capital Valuation Relative
18. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) DPSCLTD · quiet · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
19. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) RPOWER · basing · Most evidence points down · 64% evidence 28.8 out of 100 Growth Capital Valuation Relative
20. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) BFUTILITIE · quiet · Too little evidence to rank firmly · 53% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. [Mac Charles (India) Ltd](https://www.sectoralpha.in/stocks/mac-charles-indialtd) Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Power - Generation/Distribution](https://www.sectoralpha.in/sectors/power-generation-distribution), all 21 compared on one page. ## Which companies are close to NLC India in size? NLC India is the 9th largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: NHPC, NTPC Green Energy and Torrent Power. Just below it: ACME Solar Holdings, SJVN and CESC. ### Power - Generation/Distribution companies close in size

1. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) ₹78,090 crore
2. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) ₹69,467 crore
3. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) ₹59,103 crore
4. NLC India Ltd ₹31,608 crore
5. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ₹28,614 crore
6. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) ₹20,981 crore
7. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) ₹16,521 crore

[All 21 Power - Generation/Distribution companies, largest first](https://www.sectoralpha.in/sectors/power-generation-distribution#all-companies)

### Companies close in size in other industries

1. [Piramal Pharma Ltd](https://www.sectoralpha.in/stocks/piramal-pharma-ltd) ₹31,807 crore · Pharma - API & CRAMS
2. [Dhoot Transmission Ltd](https://www.sectoralpha.in/stocks/dhoot-transmission-ltd) ₹31,611 crore
3. NLC India Ltd ₹31,608 crore
4. [Container Corporation Of India Ltd](https://www.sectoralpha.in/stocks/container-corporation-of-india-ltd) ₹31,520 crore · Logistics
5. [Syrma SGS Technology Ltd](https://www.sectoralpha.in/stocks/syrma-sgs-technology-ltd) ₹31,341 crore · Consumer Electronics - EMS

## What else do people ask about NLC India? ### What is NLC India's share price today? NLC India Ltd's share price is ₹230.31, −12.2% over the past year. The whole company is worth ₹31,928 Cr on the market. In the last 52 weeks it traded between ₹228 to ₹353; today it is 2% of the way up from the low, 16.1% below its 200-day average (as of 3 November 2026). ### What were NLC India's latest quarterly results? NLC India Ltd reported revenue of ₹4,717 Cr and net profit of ₹436 Cr for the Jun 2026 quarter. Revenue rose 23.3% and profit fell 48.0% compared with a year earlier. Earnings per share were ₹3.49. The operating margin was 31.0%, 7.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is NLC India's market cap? NLC India Ltd's market capitalisation is ₹31,928 Cr at a share price of ₹230.31. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NLC India performing? NLC India Ltd's share price has been falling for 7 weeks. In its latest quarter, revenue rose 23.3% and profit fell 48.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 20 weeks running (as of 3 November 2026). ### Will NLC India's share price go up? This page does not forecast NLC India Ltd's share price. What it shows instead: the share price is ₹230.31, and it has been falling for 7 weeks. Its P/E of 9.9× is higher than 62% of its own last 11 years (as of 3 November 2026). ### Where is NLC India in its business cycle? NLC India Ltd's FY26 operating margin was 32.0%, against a 13-year range of 23.0% to 46.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 31.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NLC India story? The main question: yearly earnings per share moved +34.4% while the share price moved −12.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NLC India a stock worth studying right now? What the numbers show: NLC India Ltd's earnings have grown faster than its share price. Earnings per share grew +34.4% in a year while the price moved −12.2%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Where does this page get NLC India's management information? From NLC India's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.