NLC India Ltd Share Price Target 2024, 2025 to 2030

NLC India Limited, formerly known as Neyveli Lignite Corporation India Limited, is a significant public sector enterprise operating under the Ministry of Coal, Government of India. Established in 1956, the company has its headquarters in Neyveli, Tamil Nadu, and plays a pivotal role in India’s mining and electric utility industries. NLC India is primarily engaged in lignite mining and power generation, managing several opencast lignite mines with a combined capacity of 30.6 million tonnes per annum (MTPA) in Neyveli and Barsingsar. The lignite extracted from these mines fuels its pithead thermal power stations, which have a total installed capacity of 3,640 MW, providing a substantial share of the country’s power supply. Alongside its conventional energy operations, the company has made significant strides in diversifying into renewable energy, expanding its portfolio to include 1,404 MW of solar power and 51 MW of wind power, reflecting its commitment to sustainable development. As of 2020, NLC India reported impressive financial metrics with 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 worth ₹53,488.13 crore (US$6.4 billion). The company employs around 11,379 people, who drive its operations and growth. In addition to its core business activities, NLC India has been actively involved in environmental and sustainability initiatives, such as a large-scale tree plantation campaign under the “Vriksharopan Abhiyan,” aimed at restoring ecological balance and enhancing green cover across its operational areas. This combination of robust operational performance, strategic diversification into renewable energy, and a proactive approach to sustainability positions NLC India as a key player in India’s energy sector with a promising outlook for the future.

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

The shareholding pattern of NLC India Ltd. has shown notable changes over the past year, reflecting shifts in investor interest and market dynamics. As of June 2024, promoters held a stable stake of 72.20%, showing a reduction from 79.20% seen consistently from June 2023 to December 2023, indicating a decrease in promoter shareholding over recent quarters. Foreign Institutional Investors (FIIs) have increased their stake from 0.81% in June 2023 to 2.18% by June 2024, highlighting growing foreign interest in the company.

Domestic Institutional Investors (DIIs) have also ramped up their stake, growing from 8.02% in June 2023 to 13.82% by June 2024, showing increased confidence from domestic entities. The government’s shareholding has remained consistent at 4.31% throughout the period. Meanwhile, public shareholding fluctuated slightly, decreasing from 7.66% in June 2023 to 6.37% in September 2023, before rising again to 7.48% in June 2024. The number of shareholders also increased significantly, from 1,68,939 in June 2023 to 2,86,701 by June 2024, indicating a rising interest among retail investors.

Latest News on NLC India

NLC India Ltd. has recently made significant advancements in expanding its energy portfolio, emphasizing both renewable and conventional sources. The company signed a 25-year power usage agreement with Telangana distribution companies to supply 200 megawatts of solar power under the Central Public Sector Undertaking Scheme, aiming to provide affordable and sustainable energy. This move reinforces NLC India’s commitment to clean energy solutions and sustainability. Additionally, the company entered a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd. to develop a lignite-based thermal power station in Rajasthan, including the establishment of lignite mines to fuel the plant. These initiatives highlight NLC India’s strategic focus on diversifying its energy mix, strengthening its market presence, and contributing to India’s long-term energy sustainability goals.

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	288.35	250.74
October 2024	285.50	248.26
November 2024	296.92	258.19
December 2024	299.89	260.77

NLC India in 2024, the stock is expected to reach a maximum price of ₹288.35 and a minimum price of ₹250.74 in September. As we approach December 2024, NLC India’s stock price is anticipated to peak at ₹299.89, with a minimum of ₹260.77

NLC India Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	302.89	232.99
February 2025	305.95	235.34
March 2025	312.37	240.29
April 2025	309.28	237.91
May 2025	300.27	230.98
June 2025	313.78	241.37
July 2025	307.63	236.64
August 2025	317.14	243.96
September 2025	320.95	246.88
October 2025	329.29	253.30
November 2025	337.53	259.64
December 2025	352.72	271.32

As we step into January, the stock is projected to reach a maximum price of ₹302.89 and a minimum price of ₹232.99. By December 2025, NLC India’s stock is expected to achieve a maximum of ₹352.72 and a minimum of ₹271.32.

NLC India Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	363.30	279.46
February 2026	354.21	272.47
March 2026	361.30	277.92
April 2026	368.67	283.59
May 2026	365.02	280.79
June 2026	374.15	287.81
July 2026	366.81	282.16
August 2026	378.16	290.89
September 2026	385.72	296.71
October 2026	395.75	304.42
November 2026	405.64	312.03
December 2026	415.78	319.83

NLC India Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	419.94	323.03
February 2027	430.71	331.31
March 2027	447.51	344.24
April 2027	438.73	337.49
May 2027	425.95	327.66
June 2027	445.12	342.40
July 2027	436.39	335.69
August 2027	449.89	346.07
September 2027	465.64	358.18
October 2027	477.74	367.49
November 2027	489.69	376.68
December 2027	501.93	386.10

NLC India Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	511.97	393.82
February 2028	525.09	403.92
March 2028	545.57	419.67
April 2028	534.88	411.44
May 2028	519.30	399.46
June 2028	542.66	417.43
July 2028	532.02	409.25
August 2028	548.48	421.91
September 2028	567.68	436.67
October 2028	582.43	448.03
November 2028	597.00	459.23
December 2028	611.92	470.71

NLC India Share Price Prediction 2029

When	Maximum Price	Minimum Price
January 2029	624.16	480.12
February 2029	640.16	492.43
March 2029	665.13	511.64
April 2029	652.09	501.61
May 2029	633.09	487.00
June 2029	661.58	508.91
July 2029	648.61	498.93
August 2029	668.67	514.36
September 2029	692.08	532.37
October 2029	710.07	546.21
November 2029	727.82	559.86
December 2029	746.02	573.86

NLC India Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	760.94	585.34
February 2030	780.45	600.34
March 2030	810.89	623.76
April 2030	794.99	611.53
May 2030	771.83	593.72
June 2030	806.56	620.43
July 2030	790.75	608.27
August 2030	815.20	627.08
September 2030	843.74	649.03
October 2030	865.67	665.90
November 2030	887.32	682.55
December 2030	909.50	699.61

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%

NLC India Ltd.’s financial performance over the past few years reveals a dynamic landscape of sales, profitability, and shareholder returns. From March 2020 to March 2024, the company experienced fluctuations in sales, with a peak of ₹16,165 crore in March 2023, followed by a decrease to ₹12,999 crore in March 2024. Expenses have varied similarly, reflecting adjustments in operational costs. Operating profit saw highs of ₹5,714 crore in March 2023 but fell to ₹3,536 crore in March 2024, accompanied by a decrease in the operating profit margin (OPM%) from 35% to 27%.

Other income, which showed significant variability, contributed notably to profit before tax, which rose to ₹2,882 crore in March 2024. Despite fluctuating tax rates, net profit increased substantially to ₹1,868 crore in March 2024, translating to an earnings per share (EPS) of ₹13.37. Dividend payouts have also varied, with a payout of 35% in March 2023, decreasing to 22% in March 2024. The company’s consistent focus on operational efficiency and cost management is reflected in these financial metrics, demonstrating its resilience and adaptability in a challenging economic environment.