NLC India Limited

NSEI:NLCINDIA Stock Report

Market Cap: ₹435.1b

NLC India Past Earnings Performance

Past criteria checks 5/6

NLC India has been growing earnings at an average annual rate of 20.2%, while the Renewable Energy industry saw earnings growing at 27.3% annually. Revenues have been growing at an average rate of 8.3% per year. NLC India's return on equity is 14.9%, and it has net margins of 20.1%.

Key information

20.15%

Earnings growth rate

20.45%

EPS growth rate

Renewable Energy Industry Growth39.78%
Revenue growth rate8.33%
Return on equity14.91%
Net Margin20.14%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article • May 15

With EPS Growth And More, NLC India (NSE:NLCINDIA) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jan 30

Some Investors May Be Worried About NLC India's (NSE:NLCINDIA) Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article • Dec 06

We Think NLC India (NSE:NLCINDIA) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Sep 04

We Think NLC India (NSE:NLCINDIA) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jul 28

Here's What's Concerning About NLC India's (NSE:NLCINDIA) Returns On Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Jun 22

Improved Earnings Required Before NLC India Limited (NSE:NLCINDIA) Shares Find Their Feet

NLC India Limited's ( NSE:NLCINDIA ) price-to-earnings (or "P/E") ratio of 11.8x might make it look like a strong buy...
Analysis Article • Apr 16

Slowing Rates Of Return At NLC India (NSE:NLCINDIA) Leave Little Room For Excitement

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article • Mar 19

NLC India Limited's (NSE:NLCINDIA) Business And Shares Still Trailing The Market

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 25x, you may consider NLC...
Analysis Article • Jan 22

NLC India (NSE:NLCINDIA) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jan 01

Capital Allocation Trends At NLC India (NSE:NLCINDIA) Aren't Ideal

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Oct 15

Insufficient Growth At NLC India Limited (NSE:NLCINDIA) Hampers Share Price

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 34x, you may consider NLC...
Analysis Article • Sep 27

Does NLC India (NSE:NLCINDIA) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Sep 11

With EPS Growth And More, NLC India (NSE:NLCINDIA) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Jul 16

NLC India Limited (NSE:NLCINDIA) Shares Fly 28% But Investors Aren't Buying For Growth

The NLC India Limited ( NSE:NLCINDIA ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article • Jun 27

Is NLC India (NSE:NLCINDIA) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jun 11

Is Now The Time To Put NLC India (NSE:NLCINDIA) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • May 27

Investors Aren't Buying NLC India Limited's (NSE:NLCINDIA) Earnings

NLC India Limited's ( NSE:NLCINDIA ) price-to-earnings (or "P/E") ratio of 17.4x might make it look like a buy right...
Analysis Article • May 12

Here's What To Make Of NLC India's (NSE:NLCINDIA) Decelerating Rates Of Return

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Mar 04

Here's Why We Think NLC India (NSE:NLCINDIA) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Feb 18

One NLC India Limited (NSE:NLCINDIA) Analyst Is Reducing Their Forecasts For This Year

The latest analyst coverage could presage a bad day for NLC India Limited ( NSE:NLCINDIA ), with the covering analyst...
Analysis Article • Feb 07

NLC India Limited (NSE:NLCINDIA) Soars 26% But It's A Story Of Risk Vs Reward

NLC India Limited ( NSE:NLCINDIA ) shares have continued their recent momentum with a 26% gain in the last month alone...
Analysis Article • Feb 04

Return Trends At NLC India (NSE:NLCINDIA) Aren't Appealing

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article • Dec 19

A Piece Of The Puzzle Missing From NLC India Limited's (NSE:NLCINDIA) Share Price

With a price-to-earnings (or "P/E") ratio of 14.7x NLC India Limited ( NSE:NLCINDIA ) may be sending bullish signals at...
Analysis Article • Nov 19

Do NLC India's (NSE:NLCINDIA) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Nov 03

These 4 Measures Indicate That NLC India (NSE:NLCINDIA) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Aug 09

NLC India (NSE:NLCINDIA) Has Some Way To Go To Become A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Analysis Article • Jun 30

These 4 Measures Indicate That NLC India (NSE:NLCINDIA) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • May 05

NLC India (NSE:NLCINDIA) Will Want To Turn Around Its Return Trends

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article • Jan 26

Is NLC India (NSE:NLCINDIA) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Jan 03

NLC India (NSE:NLCINDIA) Will Want To Turn Around Its Return Trends

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...

Revenue & Expenses Breakdown

How NLC India makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:NLCINDIA Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26174,89535,22225,4870
31 Dec 25162,83126,10729,9260
30 Sep 25162,51526,12829,4440
30 Jun 25157,30428,59530,2380
31 Mar 25152,83026,21430,7640
31 Dec 24150,54322,53626,8040
30 Sep 24138,07318,35926,7390
30 Jun 24131,29720,08826,9390
31 Mar 24130,01318,54127,0770
31 Dec 23145,92525,69525,9040
30 Sep 23151,07119,12425,6870
30 Jun 23156,18812,38625,6310
31 Mar 23163,02513,95725,7880
31 Dec 22141,1718,94026,8360
30 Sep 22131,69915,31927,4440
30 Jun 22127,74413,06726,8580
31 Mar 22119,47910,92626,9050
31 Dec 21117,01615,17427,5050
30 Sep 21111,84714,57426,9500
30 Jun 21101,83613,23027,1050
31 Mar 2198,46112,81927,5740
31 Dec 20100,75910,47428,3270
30 Sep 20106,03612,74928,7760
30 Jun 20109,37414,91229,6470
31 Mar 20103,20614,41428,7670
31 Dec 1997,14614,27131,0860
30 Sep 1996,57513,75030,9140
30 Jun 1995,15514,40729,8130
31 Mar 1998,70915,07730,2880
31 Mar 18112,88419,42831,6460
31 Mar 17111,85724,47023,4360
31 Mar 1678,75785622,8940

Quality Earnings: NLCINDIA has high quality earnings.

Growing Profit Margin: NLCINDIA's current net profit margins (20.1%) are higher than last year (17.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NLCINDIA's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: NLCINDIA's earnings growth over the past year (34.4%) exceeds its 5-year average (20.2% per year).

Earnings vs Industry: NLCINDIA earnings growth over the past year (34.4%) exceeded the Renewable Energy industry 17.2%.

Return on Equity

High ROE: NLCINDIA's Return on Equity (14.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/03 04:19
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NLC India Limited is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh Majumdar360 ONE Capital Market Private Limited
Bharat ParekhBofA Global Research
Vijay MadunalaFirstCall Research