Multibagger Stock recommendation - NLC India Ltd

 

Multibagger Stock Recommendation- NLC India Ltd (BSE:513683) - stock market trends

    

NLC India is a multibagger stock engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources. The instrinsic value of the stock ranges upto Rs.81.6. The company has a market capitalization of Rs.11,724 Crores. NLC India share price as on May 10, 2023 is 84.6. The ROCE value of stock is 8.03% and ROE value is 5.49%.

 

Company Review and demographics

 NLC India Limited (NLC) (previously Neyveli Lignite Corporation Limited) is a Navratna Government organization in the petroleum derivative mining area in India and nuclear energy age under the responsibility for Ministry of Coal, Government of India. NLC works lignite mines and nuclear energy plants in Neyveli, Tamil Nadu, and Barsingsar, Rajasthan. It offers capacity to the state utilities of Tamil Nadu, Rajasthan, Andhra Pradesh, Kerala, Karnataka, and the Union Territory of Puducherry.

    NLC works 3 opencast Lignite Mines with all out introduced limit of 28.50 MTPA at Neyveli, one opencast Lignite Mine at Barsingsar in Rajasthan with an introduced limit of 2.10 MTPA, and an open cast coal mineshaft at Talabira in Odisha. The Company is additionally working 4 Lignite-based pit-head Thermal Power Stations with a total limit 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 additionally in activity at Thoothukudi, Tamil Nadu through its auxiliary organization, NLC Tamilnadu Power Limited (NTPL), a Joint Venture among NLCIL and TANGEDCO. 

The promoter holding of the company is 79.20% and has a basic earning per share of Rs 2.96 as on Sept 2022. The P/E ratio of NLC India Ltd is 8.02 as on Dec 2022.

 

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The original post was posted in 2022 but now it has been made some changes in the content. So the post is re-publising now.

 

NB: Not a buy recommendation. Posting only for educational purpose.