NLC India Ltd Share Price Target 2024, 2025 to 2030

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NLC India Limited, formerly known as Neyveli Lignite Corporation India Limited, is a central public sector undertaking under the Ministry of Coal, Government of India. Founded in 1956 and headquartered in Neyveli, Tamil Nadu, the company is involved in the mining and electric utility sectors, primarily focusing on lignite extraction and power generation. NLC India operates several opencast lignite mines with a total capacity of 30.6 million tonnes per annum (MTPA) in Neyveli and Barsingsar, which supply fuel to its thermal power stations with a combined capacity of 3,640 MW. In addition to lignite-based power, NLC India has expanded into renewable energy, with a portfolio that includes 1,404 MW of solar power and 51 MW of wind power. As of 2020, the company reported a revenue of ₹11,592.70 crore (US$1.4 billion), a net income of ₹1,441.37 crore (US$170 million), and total assets valued at ₹53,488.13 crore (US$6.4 billion), supported by a workforce of approximately 11,379 employees.

In recent years, NLC India has focused on sustainability and environmental initiatives, demonstrating its commitment to ecological responsibility. A significant example of this is the mass tree plantation drive under the “Vriksharopan Abhiyan,” aimed at restoring ecological balance and enhancing green cover. These initiatives highlight the company’s dedication to sustainable practices while continuing to meet India’s growing energy demands through a balanced mix of conventional and renewable energy sources.

Shareholding Patterns of NLC India

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	79.20%	79.20%	79.20%	72.20%	72.20%
FIIs +	0.81%	0.95%	1.21%	2.39%	2.18%
DIIs +	8.02%	9.18%	8.85%	13.38%	13.82%
Government +	4.31%	4.31%	4.31%	4.31%	4.31%
Public +	7.66%	6.37%	6.44%	7.73%	7.48%
No. of Shareholders	1,68,939	1,69,600	1,90,164	2,58,498	2,86,701

Over the past year, NLC India Ltd.’s shareholding pattern has undergone significant changes. Promoter ownership has decreased from 79.20% in June 2023 to 72.20% by June 2024, reflecting a reduction in their shareholding. Meanwhile, Foreign Institutional Investors (FIIs) have increased their stake from 0.81% to 2.18%, indicating a growing foreign interest in the company. Domestic Institutional Investors (DIIs) have also raised their holdings substantially from 8.02% to 13.82%, demonstrating increased domestic confidence. The government’s stake has remained steady at 4.31%, and public shareholding has varied slightly, ending at 7.48% in June 2024. The number of shareholders has risen significantly, from 1,68,939 in June 2023 to 2,86,701 in June 2024, showing a growing interest among retail investors.

Recent News on NLC India Ltd

NLC India Ltd. has recently taken notable steps to expand its renewable energy capabilities and strengthen its presence in the power sector. The company signed a power usage agreement with Telangana distribution companies for the supply of 200 megawatts of solar power. This agreement, established under the Central Public Sector Undertaking Scheme, spans 25 years and is designed to provide affordable and sustainable energy, underscoring NLC India’s focus on clean energy solutions.

In addition to its renewable energy expansion, NLC India has formed a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd. to establish a lignite-based thermal power station in Rajasthan. This venture will also involve the development of lignite mines to ensure a steady fuel supply for the plant. These initiatives reflect NLC India’s strategic commitment to diversifying its energy portfolio, enhancing its role in the renewable energy sector, and contributing to the sustainable development of India’s power infrastructure.

How to Purchase NLC India Shares in India?

Below are the trading platforms that you can use to purchase NLC India shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

NLC India Share Price Target 2024 – 2030

NLC India Share Price Target 2024

When	Maximum Price	Minimum Price
September 2024	290.55	252.66
October 2024	287.68	250.15
November 2024	299.18	260.16
December 2024	302.18	262.76

In 2024, as we step into September, NLC India’s stock is expected to reach a maximum price of ₹290.55 and a minimum price of ₹252.66. By December 2024, NLC India’s stock is projected to achieve a maximum price of ₹302.18 and a minimum price of ₹262.76.

NLC India Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	305.20	234.77
February 2025	308.28	237.14
March 2025	314.75	242.12
April 2025	311.64	239.72
May 2025	302.56	232.74
June 2025	316.18	243.21
July 2025	309.98	238.44
August 2025	319.56	245.82
September 2025	323.40	248.77
October 2025	331.81	255.24
November 2025	340.10	261.62
December 2025	355.41	273.39

As we step into January, NLC India’s stock is projected to reach a maximum price of ₹305.20 and a minimum price of ₹234.77. By December 2025, NLC India’s stock is expected to achieve a maximum price of ₹355.41 and a minimum price of ₹273.39.

NLC India Share Price Target 2026

When	Maximum Price	Minimum Price
January 2026	366.07	281.59
February 2026	356.92	274.55
March 2026	364.06	280.04
April 2026	371.49	285.76
May 2026	367.81	282.93
June 2026	377.00	290.00
July 2026	369.61	284.32
August 2026	381.04	293.11
September 2026	388.66	298.97
October 2026	398.77	306.74
November 2026	408.74	314.41
December 2026	418.96	322.27

NLC India Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	423.14	325.50
February 2027	433.99	333.84
March 2027	450.92	346.86
April 2027	442.08	340.06
May 2027	429.20	330.16
June 2027	448.52	345.01
July 2027	439.72	338.25
August 2027	453.32	348.71
September 2027	469.19	360.91
October 2027	481.39	370.30
November 2027	493.42	379.56
December 2027	505.76	389.04

NLC India Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	515.87	396.83
February 2028	529.10	407.00
March 2028	549.74	422.87
April 2028	538.96	414.58
May 2028	523.26	402.51
June 2028	546.80	420.62
July 2028	536.08	412.37
August 2028	552.66	425.13
September 2028	572.01	440.00
October 2028	586.88	451.45
November 2028	601.55	462.73
December 2028	616.59	474.30

NLC India Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	628.92	483.79
February 2029	645.05	496.19
March 2029	670.20	515.54
April 2029	657.06	505.43
May 2029	637.93	490.71
June 2029	666.63	512.79
July 2029	653.56	502.74
August 2029	673.77	518.29
September 2029	697.36	536.43
October 2029	715.49	550.37
November 2029	733.37	564.13
December 2029	751.71	578.24

NLC India Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	766.74	589.80
February 2030	786.40	604.93
March 2030	817.07	628.52
April 2030	801.05	616.19
May 2030	777.72	598.25
June 2030	812.72	625.17
July 2030	796.78	612.91
August 2030	821.42	631.86
September 2030	850.17	653.98
October 2030	872.28	670.98
November 2030	894.09	687.76
December 2030	916.44	704.95

In 2030, January NLC India’s stock is projected to reach a maximum price of ₹766.74 and a minimum price of ₹589.80. By December 2030, NLC India’s stock is expected to achieve a maximum price of ₹916.44 and a minimum price of ₹704.95.

Financial Condition of NLC India Ltd: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	10,325	9,936	12,070	16,165	12,999	13,059
Expenses +	6,904	7,320	8,119	10,452	9,463	9,904
Operating Profit	3,420	2,616	3,951	5,714	3,536	3,154
OPM %	33%	26%	33%	35%	27%	24%
Other Income +	1,433	2,531	1,544	-845	2,020	2,540
Interest	1,174	1,313	984	1,012	849	808
Depreciation	1,334	1,611	1,909	1,801	1,825	1,797
Profit before tax	2,345	2,223	2,603	2,056	2,882	3,090
Tax %	38%	41%	57%	31%	35%
Net Profit +	1,453	1,314	1,116	1,426	1,868	2,021
EPS in Rs	10.39	9.24	7.88	10.07	13.37	14.48
Dividend Payout %	68%	27%	19%	35%	22%

Over the past few years, NLC India Ltd. has shown notable financial fluctuations, reflecting its evolving market conditions. From March 2020 to March 2024, sales surged to ₹16,165 crore in March 2023 before declining to ₹12,999 crore in March 2024. Operating profit peaked at ₹5,714 crore in March 2023 but decreased to ₹3,536 crore by March 2024, with a corresponding dip in the operating profit margin from 35% to 27%. Other income saw considerable variability, impacting profit before tax, which rose to ₹2,882 crore in March 2024. Net profit followed an upward trend, reaching ₹1,868 crore with an EPS of ₹13.37. Dividend payouts have fluctuated, with a high of 35% in March 2023 and a reduction to 22% in March 2024, reflecting the company’s efforts to balance shareholder returns with financial stability.

FAQs

What is NLC India’s current market capitalization?

NLC India’s current market capitalization is ₹38,146 Crores.

What is the projected share price target for NLC India Ltd in 2025?

NLC India Ltd’s projected share price target for 2025 ranges between ₹232.74 and ₹355.41 across different months.

What is the projected share price target for NLC India in 2030?

NLC India’s projected share price target for 2030 ranges between ₹589.80 (minimum) and ₹916.44 (maximum) across different months.

What is NLC India’s current price-to-earnings (P/E) ratio?

NLC India’s current stock P/E ratio stands at 19.0.

What is the dividend payout ratio for NLC India?

NLC India’s dividend payout ratio for the last reported year is 22%.

What has been NLC India’s return on equity (ROE) over the last year?

NLC India’s return on equity for the last year was 11.7 %.

Conclusion

NLC India Ltd. appears well-positioned for growth, given its strategic focus on renewable energy, diversified energy mix, and commitment to sustainability. The company’s fluctuating financial performance and evolving shareholding pattern indicate both challenges and opportunities ahead. The steady increase in share price targets up to 2030 reflects optimism in the company’s future potential amidst India’s dynamic energy sector landscape.

Ashnoor Khurana