Edit this postWhy Is Elara Capital Bullish On NLC India With A Target Of ₹320?
About NLC India
NLC India Ltd is one of India's leading lignite mining and power generation companies with a diversified asset base across thermal, renewable, and mining operations. The company continues to execute a strong growth-led capex cycle with upcoming commissioning projects expected to materially boost regulated equity and earnings.
NLC India remains in focus after a strong quarterly performance and multiple capacity additions scheduled over the next 24–36 months.
Brokerage Highlights — Elara Capital View
🔹 Rating: BUY
🔹 Target Price: ₹320
🔹 CMP: ₹248.05
🔹 Revenue grew 14.2% YoY to ₹4,200 crore, supported by:
- 34% rise in mining revenue
- 4% increase in power generation revenue
- Fuel cost decrease of 6.2%
🔹 EBITDA grew 30.1% YoY to ₹1,390 crore
🔹 PAT rose 26.2% YoY to ₹720 crore
In Q2, power generation rose 2% YoY to 6.88 BU, while lignite production declined 8% YoY to 6.6 MT due to lower demand. Coal production increased 19% YoY to 3.6 MT.
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Capacity Expansion & Pipeline
🔹 Current regulated equity stands at ₹11,990 crore — including:
- ₹8,590 crore thermal
- ₹3,400 crore renewables
🔹 Expected to rise to ₹19,670 crore by FY30
Commissioning Timeline:
- 150MW of Barsingsar commissioned
- NUPPL (660MW) reached a 72-hour full load run — final clearance expected shortly
- Talabira thermal first unit expected by Feb 2030
- Remaining units in Aug 2030 and Feb 2031
Financial Outlook
Elara Capital expects:
- Revenue CAGR: 11% over FY25–FY28
- EBITDA CAGR: 21%
- Strong contribution from renewables and regulated thermal assets
The dual growth engines of thermal recovery and renewable scale-up support long-term visibility and earnings resilience.
Investor Takeaway:
As per Derivatives & Market Strategy insights from Gulshan Khera, CFP®, NLC India presents a structured multi-year transformation cycle backed by expanding regulated assets and improving cost efficiency. Stay updated on strategic coverage at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: This content is for educational and research purposes only. It should not be treated as investment advice. Always consult a registered financial advisor before investing.
