NLC India Limited up by 8.74% - Traders Corners | Espresso


Espresso Shot of the Day - NLC India Ltd up by 8.74 percent

May 02, 2022
Espresso Shot of the Day - NLC India Ltd up by 8.74 percent

NLC India Ltd. 88.95 (+8.74%) BSE – INE589A01014 | MAY 2, 2022

For more than six glorious decades, NLC India Limited has been a forerunner among the Public Sector Enterprises in the country in the energy sector, contributing a lion's share in lignite production and a significant share in thermal and renewable energy generation. The company was incorporated on 14/11/1956. NLCIL is a Navratna Government of India Enterprise, under the administrative control of the Ministry of Coal. Today, the company has set its footprints in Pan-India mode in the states of Tamil Nadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman & Nicobar Islands. A pioneer among the Public Sector Undertakings in the energy sector, NLCIL operates 3 open-cast Lignite Mines of total installed capacity of 28.50 Million Tonnes Per Annum (MTPA) at Neyveli, one open-cast Lignite Mine at Barsingsar in Rajasthan with an installed capacity of 2.10 MTPA and an open-cast coal mine at Talabira in Odisha with an installed capacity of 20 MTPA. The company is also operating 4 Lignite-based pit-head Thermal Power Stations with an aggregate capacity of 3390 Mega Watt (MW) at Neyveli and one 250 MW Lignite-based Thermal Power Station (BTPS) at Barsingsar, Rajasthan. A 1000 MW coal-based Thermal Power Station is also in operation at Thoothukudi, Tamil Nadu, through its subsidiary company, NLC Tamilnadu Power Limited (NTPL), a joint venture between NLCIL and TANGEDCO  (equity participation in the ratio of 89:11).

Recent Drivers

  • On Apr 23, 2022, the company had appointed Shri MT Ramesh as the Non-Official Part-time Director (Independent Director) of the company.
  • On Apr 7, 2022, the company had registered an 18.64% rise in power generation at 2,920 crore units in FY22.
  • On Mar 7, 2022, the company had declared Interim Dividend of Rs 1.5 per equity share.
  • On Feb 22, 2022, the company had appointed Shri K Mohan Reddy as the Director (Planning & Projects) of the company.
  • On Feb 18, 2022, the company had reported Net Sales of Rs 2,731.79 crores in Dec 2021, up 23.34% from Rs 2,214.86 crores in Dec 2020.
  • On Feb 18, 2022, the company had reported Quarterly Net Profit of Rs 231.14 crores in Dec 2021, up 35.03% from Rs 171.18 crores in Dec 2020.
(Sources: Moneycontrol, BSE, Economic Times)

Technical Force*

  • S&P BSE 500 month-till-date gain up by -0.93%
  • Traded on new 52-week-high value of 89.75
  • 3 months avg. NSE volume: 77,63,810
  • Quantity traded: 32, 20,220 | Deliverable Quantity: 4,37,628 (13.59%)
  • Stock price has jumped by more than 85% from one-year-low level: 47.25 (May 3, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 89.75 | 52-week-low: 47.25

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Some Key Ratios (Source: BSE)

Market Cap: 12,334.13 crores

PE: 8.50

OPM%: 34.2

ROE%: 10.42

Promoters holding%: 79.2

Prev. Close: 81.8

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.