NLC India Limited (NLCINDIA) Fair Value & Analysis
Utilities · IN · Market cap ₹422B
Fair value as of: Jul 15, 2026
From 16 valuation models · updated 26 days ago
Share price +3.4% over the past month.
Below-average quality, and screening another 10% overvalued on our models.
What matters now
- Our model range runs from ₹205.10 (bear) to ₹341.83 (bull), base ₹273.47. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range ₹40.38 – ₹370.90 · fair‑value band ₹205.10 – ₹341.83 · the ₹304.40 price screens above the ₹273.47 fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
NLC India Limited (NLCINDIA) currently trades at ₹304.40, while our model-based Fair Value estimate is ₹273.47, implying the stock looks roughly 10.2% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, NLC India Limited generated revenue of ₹175B at a net margin of 20.1%. Revenue declined 0.3% year over year. It earns a return on equity of 16.0%. Net debt stands at ₹270B. Fundamentals as of Jul 15, 2026
Our scenario range runs from ₹205.10 (bear case) to ₹341.83 (bull case); at ₹304.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -10%, NLCINDIA screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Growth Earnings (₹435.93) versus Economic Profit (₹85.07). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
NLC India Limited engages in the mining and power generation business in India. The company mines for lignite and coal; and generates power through lignite and coal, as well as through thermal, solar, and wind power plants.
Full company description
NLC India Limited engages in the mining and power generation business in India. The company mines for lignite and coal; and generates power through lignite and coal, as well as through thermal, solar, and wind power plants. It also operates open cast lignite mines with a mining capacity of 28.0 million tonnes per annum (MTPA) in Tamil Nadu and 30.10 MTPA in Rajasthan; and has total coal mining capacity of 20.00 MTPA. In addition, it provides consultancy services to the mining sector and firms in the solar power generation sector. Further, the company has a total installed thermal power generation capacity of 5,300 MW; and renewable energy generation capacity of 1,483.89 MW. It serves state distribution firms, commercial enterprises, and industrial consumers. The company was formerly known as Neyveli Lignite Corporation Limited and changed its name to NLC India Limited in April 2016. The company was incorporated in 1956 and is based in Cuddalore, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
NLC India Limited reported revenue of ₹175B in FY2026 versus ₹119B in FY2022, a compound +10.0%/yr. Reported net income was ₹35.2B in FY2026, compounding +34.0%/yr from FY2022.
NLCINDIA screens 10% overvalued. Compare with NextEra Energy, Inc →
Peer Group
Utilities - Regulated Electric · 154 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $88.80 | $32.94 | -63% |
| The Southern Company SO | $95.61 | $61.06 | -36% |
| Duke Energy Corporation DUK | $126.11 | $97.11 | -23% |
| National Grid plc NGG | 61,175 ARS | 44,377 ARS | -27% |
| American Electric Power Company AEP | $132.50 | $79.33 | -40% |
| Dominion Energy, Inc D | $70.08 | $46.92 | -33% |
| NTPC Limited NTPC | ₹341.85 | ₹377.16 | +10% |
| CEZ, a. s. CEZ | 232.40 PLN | 159.33 PLN | -31% |
| Power Grid Corporation POWERGRID | ₹283.55 | ₹252.77 | -11% |
| China National Nuclear Power Co 601985 | ¥8.91 | ¥7.69 | -14% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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