NLC India runs lignite mines and coal-fired generation plants in Tamil Nadu and Rajasthan, selling power mainly to state distribution utilities under long-term contracts, and it has been pushing into solar and wind capacity. Its moat is mostly captive: it owns the mines that feed its own plants, which keeps fuel cost and supply under its control, and that matters in a market where state utilities have often paid late. Revenue grew 23.3% over the last reported year, and a 17.1% operating margin on that growth suggests the fleet is running well and pricing is holding. The stock trades at 9.9 times trailing earnings and 8.6 times forward, a discount that reflects state-owned status, coal exposure and receivables risk rather than any obvious earnings weakness. The question for a deeper look is whether the renewables build-out can lift the mix without diluting the returns that the lignite assets currently generate.
Plain-English pros, cons, and what to watch. Pro feature.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹258 | first publication | ₹234 |
Answered from NLC India Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| NLCINDIA.NS NLC India Limited | ₹228.50 | - | - | 9.7x | - | 79 | 63 |
| COLBUN.SN Colbun | CLP 152.50 | - | - | 23.2x | 3.5% | 58 | 61 |
| ECL.SN Engie Energia Chile SA | CLP 1880.00 | - | - | 8.9x | 13.2% | 67 | 57 |
| CEPU.BA Central Puerto S.A. | ARS 1920.00 | - | - | 6.3x | 19.0% | 83 | 78 |
| ENELAM.SN Enel Américas S.A | CLP 90.99 | - | - | 9.9x | 7.6% | 63 | 76 |
| ISA.CL Interconexion Electrica | COP 28500.00 | - | - | 13.0x | 15.1% | 74 | 75 |
| EDN.BA Empresa Distribuidora y Comercializadora Norte S.A. | ARS 1510.00 | - | - | 5.2x | 9.6% | 55 | 45 |
Where NLCINDIA.NS ranks against its sector peers on each metric.