Neyveli Lignite

₹238.9 -2.2 | 0.9%

WEBSITE BSE:513683 NSE : NLCINDIA 26 Dec, 16:01

Market Cap ₹33127 Cr.

Stock P/E 17.7

P/B 2

Current Price ₹238.9

Book Value ₹ 119.7

Face Value 10

52W High ₹311.7

Dividend Yield 1.26%

52W Low ₹ 193

Edit Ratio

Neyveli Lignite Research see more...

Overview Inc. Year: 1956Industry: Power Generation/Distribution

NLC India Ltd is an India-based business enterprise, which is engaged in the enterprise of mining of lignite, coal, and generation of power through the use of lignite as well as renewable power sources. The Company's segments comprises Mining and Power Generation. The Mining section is engaged in the mining of lignite. The Power Generation section is engaged in the generation of power and sale to electricity utilities throughout the country. Its essential products encompass lignite mining, coal mining, thermal power generation, renewable energy technology, together with solar and wind and power trading. It has about four open solid lignite mines, together with Mine I, Mine II, Mine IA and Barsingsar Mine and one open solid coal mine, Talabira II and III. It has approximately five pithead thermal power stations with an aggregate ability of approximately 3640 megawatts (MW). The Company's subsidiaries are NLC Tamilnadu Power Ltd and Neyveli Uttar Pradesh Power Ltd.

Neyveli Lignite Share Price

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Peer Comparison

Neyveli Lignite Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	2835	2254	1993	1706	2543
Other Income	417	82	130	101	284
Total Income	3253	2336	2123	1808	2827
Total Expenditure	1178	1438	1176	1119	1153
Operating Profit	2074	898	947	689	1673
Interest	40	62	48	41	55
Depreciation	181	182	213	191	274
Exceptional Income / Expenses	-123	-3	0	224	-163
Profit Before Tax	1731	652	686	681	1182
Provision for Tax	-627	140	177	185	290
Profit After Tax	2357	511	509	496	892
Adjustments	-2357	-511	-509	-496	-892
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	15.4	3.3	3.3	3.2	5.8

Neyveli Lignite Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	5820	4376	6652	8653	8496	7146	7916	7250	9856	12955	10519	8496
Other Income	1061	738	525	675	587	913	1217	1717	806	1241	873	597
Total Income	6881	5114	7177	9327	9083	8059	9133	8967	10662	14196	11392	9094
Total Expenditure	4048	2480	4463	5267	5387	5612	5142	5300	6407	7991	7472	4886
Operating Profit	2834	2634	2714	4060	3696	2447	3991	3666	4255	6204	3919	4207
Interest	182	156	188	169	205	390	820	981	784	756	643	206
Depreciation	517	441	641	683	861	746	958	1232	1528	1420	1442	860
Exceptional Income / Expenses	-73	346	-935	-1054	10	824	-8	268	663	-2305	953	58
Profit Before Tax	2062	2383	950	2154	2641	2136	2205	1722	2606	1724	2788	3201
Provision for Tax	666	804	722	-215	792	869	791	712	1370	476	941	792
Profit After Tax	1396	1579	228	2369	1849	1267	1414	1010	1237	1248	1847	2408
Adjustments	106	0	0	-27	61	-34	-125	32	27	-0	-6	-2408
Profit After Adjustments	1502	1580	228	2342	1910	1233	1288	1043	1264	1248	1840	0
Adjusted Earnings Per Share	8.3	9.4	1.4	15.5	12.1	9.1	10.2	7.3	8.9	9	13.3	15.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-19%	13%	8%	6%
Operating Profit CAGR	-37%	2%	10%	3%
PAT CAGR	48%	22%	8%	3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	60%	35%	12%
ROE Average	12%	10%	10%	10%
ROCE Average	14%	13%	12%	12%

Neyveli Lignite Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	13904	14877	12926	12199	13335	12511	12640	12959	13807	14639	15994
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	2774	2792	3166	5041	6050	8317	11370	9698	8826	7817	7055
Other Non-Current Liabilities	1367	1428	2453	2171	2888	3329	3189	3668	4345	4528	4688
Total Current Liabilities	3917	3963	5143	9775	10705	11347	12320	12081	7685	8455	7965
Total Liabilities	21961	23060	23687	29185	32977	35504	39518	38406	34663	35440	35702
Fixed Assets	6471	6426	9654	9625	10574	11684	18308	20162	19185	18732	18133
Other Non-Current Assets	5719	6765	5192	8925	10729	12845	8361	5312	6025	7281	8723
Total Current Assets	9771	9869	8841	10635	11674	10975	12849	12932	9453	9427	8799
Total Assets	21961	23060	23687	29185	32977	35504	39518	38406	34663	35440	35702

Neyveli Lignite Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	2867	4259	2947	2781	22	13	14	13	152	124	71
Cash Flow from Operating Activities	3211	851	1314	810	3761	499	1168	4052	6062	3823	5266
Cash Flow from Investing Activities	-640	-830	-1154	-3581	-3099	-3183	-3146	-811	-123	-1888	-2269
Cash Flow from Financing Activities	-1179	-1014	-326	13	-672	2686	1977	-3101	-5968	-1987	-2514
Net Cash Inflow / Outflow	1392	-993	-167	-2759	-9	1	-1	139	-29	-52	483
Closing Cash & Cash Equivalent	4259	3265	2781	22	13	14	13	152	124	71	554

Neyveli Lignite Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	8.32	9.41	1.36	15.5	12.09	9.14	10.2	7.29	8.92	9	13.32
CEPS(Rs)	11.4	12.04	5.18	19.97	17.73	14.51	17.11	16.17	19.94	19.24	23.71
DPS(Rs)	2.8	2.8	3	7.34	4.5	4.53	7.06	2.5	3	3.5	3
Book NAV/Share(Rs)	82.87	88.67	77.04	79.8	87.24	90.23	91.15	93.46	99.57	105.57	115.34
Core EBITDA Margin(%)	30.39	43.23	32.91	39.12	36.6	21.47	35.04	26.89	34.99	38.31	28.96
EBIT Margin(%)	38.47	57.89	17.11	26.85	33.49	35.35	38.21	37.28	34.4	19.14	32.62
Pre Tax Margin(%)	35.35	54.33	14.28	24.89	31.08	29.89	27.85	23.75	26.44	13.31	26.5
PAT Margin (%)	23.93	36.01	3.43	27.38	21.76	17.73	17.86	13.94	12.55	9.64	17.56
Cash Profit Margin (%)	32.8	46.06	13.07	35.27	31.9	28.17	29.97	30.93	28.05	20.59	31.26
ROA(%)	6.52	7.02	0.98	8.96	5.95	3.7	3.77	2.59	3.39	3.56	5.19
ROE(%)	10.39	10.98	1.64	18.86	14.48	9.8	11.24	7.89	9.24	8.78	12.06
ROCE(%)	13.38	14.47	6.59	13.04	13.81	10.58	10.98	9.43	13.06	10.33	14.31
Receivable days	187.87	186.7	145.21	142.6	152.86	203.61	260.46	309.71	161.82	97.48	123.28
Inventory Days	42.72	65.76	60.17	65.55	75.23	80.53	64.3	69.13	45.31	26.19	32.65
Payable days	-2245.12	-974.36	-793.45	-701.25	6115.67	2659.95	8500.55	0	991.49	1161.38	-1488.32
PER(x)	7.35	7.47	52.17	6.93	6.93	7.61	4.32	6.92	7.01	8.57	17.12
Price/Book(x)	0.74	0.79	0.92	1.35	0.96	0.77	0.48	0.54	0.63	0.73	1.98
Dividend Yield(%)	4.58	3.98	4.23	6.84	5.37	6.51	16.05	4.96	4.8	4.53	1.32
EV/Net Sales(x)	1.57	2.67	1.85	2.65	2.5	3.15	2.84	2.94	1.89	1.53	3.7
EV/Core EBITDA(x)	3.23	4.44	4.53	5.64	5.75	9.19	5.64	5.81	4.39	3.2	9.93
Net Sales Growth(%)	4.12	-24.82	52.02	30.07	-1.81	-15.89	10.78	-8.42	35.96	31.44	-18.81
EBIT Growth(%)	0.12	13.16	-55.17	104.12	22.5	-11.23	19.76	-10.65	25.44	-26.85	38.35
PAT Growth(%)	-4.39	13.16	-85.56	938.95	-21.95	-31.47	11.59	-28.53	22.4	0.93	47.93
EPS Growth(%)	-4.39	13.16	-85.56	1040.32	-21.95	-24.46	11.59	-28.53	22.4	0.93	47.93
Debt/Equity(x)	0.23	0.21	0.28	0.57	0.65	1.05	1.33	1.15	0.74	0.64	0.5
Current Ratio(x)	2.49	2.49	1.72	1.09	1.09	0.97	1.04	1.07	1.23	1.11	1.1
Quick Ratio(x)	2.32	2.26	1.47	0.9	0.93	0.84	0.94	0.95	1.1	1.02	0.97
Interest Cover(x)	12.36	16.27	6.04	13.74	13.88	6.48	3.69	2.76	4.33	3.28	5.34
Total Debt/Mcap(x)	0.31	0.27	0.3	0.42	0.68	1.37	2.75	2.13	1.18	0.87	0.25

Neyveli Lignite Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	79.2	79.2	79.2	79.2	79.2	79.2	79.2	72.2	72.2	72.2
FII	1.21	1.16	0.83	0.67	0.81	0.95	1.21	2.39	2.18	2.53
DII	9.79	9.63	10.18	11.2	12.33	13.48	13.15	17.68	18.13	18.61
Public	9.79	10.01	9.79	8.93	7.66	6.37	6.44	7.73	7.49	6.66
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	109.82	109.82	109.82	109.82	109.82	109.82	109.82	100.12	100.12	100.12
FII	1.68	1.61	1.15	0.93	1.12	1.31	1.68	3.31	3.02	3.51
DII	13.58	13.35	14.12	15.53	17.09	18.7	18.23	24.52	25.14	25.8
Public	13.58	13.88	13.57	12.39	10.63	8.83	8.93	10.72	10.38	9.23
Others	0	0	0	0	0	0	0	0	0	0
Total	138.66	138.66	138.66	138.66	138.66	138.66	138.66	138.66	138.66	138.66

Pros

Debtor days have improved from 1161.38 to -1488.32days.
Company has reduced debt.

Cons

Company has a low return on equity of 10% over the last 3 years.
The company has delivered a poor profit growth of 7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.