NLC India Share Price Target 2026, 2027, 2030, 2040, 2050
NLC India, earlier called Neyveli Lignite Corporation, is a Navratna government company under the Ministry of Coal. The company mainly does open-cast mining of lignite in Tamil Nadu and Rajasthan, and coal mining in Odisha. It produces electricity from lignite and coal in its thermal power plants, and it also makes power from solar and wind energy. The company has a total power capacity of more than 3,640 MW and more than 1 GW of solar power capacity. Its total mining capacity is over 50 million tonnes per year, which makes it an important company in India’s energy sector.
What is NLC India Ltd NSE: NLCINDIA?
NLC India, established in 1956 in Neyveli, is owned by the Government of India under the Ministry of Coal. It is a government company that works in mining and power production. It mainly digs lignite, which is a type of brown coal, and uses it to make electricity in its power plants. The company also makes electricity from coal and supplies power to many states in India. Over time, it has expanded its work to other states and has started clean energy projects like solar and wind power. It plays an important role in providing electricity to homes, industries, and businesses in the country.
The company mainly does open-cast mining of lignite in Tamil Nadu and Rajasthan, and coal mining in Odisha. These mining projects are very large and use big machines, modern equipment, and trained workers to remove fuel in a safe and smooth way. The lignite and coal taken from the mines are mostly used in the company’s own thermal power plants, so there is always enough fuel to make electricity. In 2026, its share price target would be ₹500, as per stock market analysts.
According to stock market analysts, its share price would be between ₹213 to ₹500 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 213 | 500 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 239 | 276 |
| February | 241 | 271 |
| March | 225 | 297 |
| April | 213 | 330 |
| May | 306 | 387 |
| June | 313 | 393 |
| July | 274 | 390 |
| August | 243 | 380 |
| September | 230 | 400 |
| October | 259 | 458 |
| November | 289 | 477 |
| December | 300 | 500 |
The company runs many thermal power plants that use lignite and coal to produce electricity. These power plants are built to give regular and dependable electricity to different states in India. Thermal power is still important because it provides steady electricity even when solar or wind power is not available. The company makes sure that its mines and power plants work closely together so that fuel supply is not stopped. The electricity produced is used by homes, factories, farms, and businesses. In 2027, its share price target would be ₹615, as per stock market analysts.
According to stock market analysts, its share price would be between ₹420 to ₹615 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 420 | 615 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 420 | 490 |
| February | 438 | 511 |
| March | 448 | 523 |
| April | 452 | 533 |
| May | 460 | 540 |
| June | 466 | 547 |
| July | 472 | 553 |
| August | 480 | 560 |
| September | 485 | 568 |
| October | 491 | 572 |
| November | 521 | 600 |
| December | 534 | 615 |
In recent years, it has also grown strongly in renewable energy to support clean and green power. The company has built large solar parks and wind farms in different parts of India. It has already reached more than 1 gigawatt of solar power capacity, which makes it one of the top renewable energy producers among government companies. Renewable energy helps reduce pollution and lowers the use of coal and other fossil fuels. The company continues to invest in new green energy projects as India moves toward cleaner power sources. In 2028, its share price target would be ₹788, as per stock market analysts.
According to stock market analysts, its share price would be between ₹600 to ₹788 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 600 | 788 |
It has a total power generation capacity of more than 3,640 megawatts from thermal, solar, and wind projects together. This large capacity allows the company to supply electricity to many states and support the national power grid. The company keeps working to improve the performance of its old plants and also adds new projects to increase capacity. It is able to provide reliable and balanced power. In 2029, its share price target would be ₹949, as per stock market analysts.
According to stock market analysts, its share price would be between ₹759 to ₹949 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 759 | 949 |
It has clear plans to grow more in the future in both mining and power production. The company wants to increase its total power capacity by adding new thermal plants, solar parks, wind farms, and hybrid renewable projects. It is also using modern technology and better machines to improve work speed and reduce costs. Expanding into new states and working with other companies is also part of its plan. These growth plans are meant to make the company stronger in India’s energy market. In 2030, its share price target would be ₹1150, as per stock market analysts.
According to stock market analysts, its share price would be between ₹928 to ₹1150 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 928 | 1150 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 928 | 1022 |
| February | 942 | 1034 |
| March | 950 | 1041 |
| April | 957 | 1052 |
| May | 968 | 1058 |
| June | 977 | 1067 |
| July | 990 | 1079 |
| August | 998 | 1090 |
| September | 1011 | 1105 |
| October | 1021 | 1124 |
| November | 1027 | 1137 |
| December | 1035 | 1150 |
The company has built big solar power projects in states like Tamil Nadu and Rajasthan, where sunlight is available for most of the year. These solar plants use special panels to change sunlight into electricity in an efficient way. Solar energy helps reduce air pollution and cuts down the use of coal during daytime. These projects also create jobs for local people and help in the development of rural areas. In 2040, its share price target would be ₹1998, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1742 to ₹1998 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 1742 | 1998 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1742 | 1832 |
| February | 1755 | 1855 |
| March | 1765 | 1869 |
| April | 1779 | 1878 |
| May | 1792 | 1890 |
| June | 1800 | 1905 |
| July | 1810 | 1922 |
| August | 1827 | 1942 |
| September | 1835 | 1958 |
| October | 1847 | 1967 |
| November | 1852 | 1987 |
| December | 1862 | 1998 |
It has also invested in wind power projects in suitable locations. Large wind turbines are installed in areas where the wind speed is strong and steady. These turbines use wind energy to produce electricity without causing pollution. Wind power is clean, renewable, and safe for the environment. It works well along with solar power because wind and sunlight are available at different times, which helps balance the electricity supply. In 2050, its share price target would be ₹2900, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2610 to ₹2900 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 2610 | 2900 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2610 | 2700 |
| February | 2614 | 2722 |
| March | 2611 | 2735 |
| April | 2620 | 2750 |
| May | 2625 | 2774 |
| June | 2642 | 2790 |
| July | 2658 | 2811 |
| August | 2674 | 2835 |
| September | 2688 | 2845 |
| October | 2700 | 2862 |
| November | 2712 | 2882 |
| December | 2735 | 2900 |
Should I buy NLC India stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 213 | 500 |
| 2027 | 420 | 615 |
| 2028 | 600 | 788 |
| 2029 | 759 | 949 |
| 2030 | 928 | 1150 |
| 2040 | 1742 | 1998 |
| 2050 | 2610 | 2900 |
The company is owned by the government, pays dividends, and is slowly growing in clean energy, like solar and wind power. This can help the company grow in the future. India also needs more electricity every year, which supports its business. But the company still uses coal and lignite, and its share price can rise or fall due to government decisions, fuel costs, and market conditions. If you want to invest for a long time and believe in the future growth of the power sector, you can consider it after doing proper research.
NLC India earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 10,325 | 9,936 | 12,070 | 16,165 | 13,001 | 15,322 | 16,283 |
| Expenses + | 7,039 | 7,320 | 8,119 | 10,425 | 9,564 | 10,575 | 11,743 |
| Operating Profit | 3,286 | 2,616 | 3,951 | 5,740 | 3,438 | 4,747 | 4,540 |
| OPM % | 32% | 26% | 33% | 36% | 26% | 31% | 28% |
| Other Income + | 1,568 | 2,531 | 1,544 | -872 | 2,118 | 1,766 | 2,176 |
| Interest | 1,174 | 1,313 | 984 | 1,012 | 849 | 932 | 1,183 |
| Depreciation | 1,334 | 1,611 | 1,909 | 1,801 | 1,825 | 1,884 | 2,264 |
| Profit before tax | 2,345 | 2,223 | 2,603 | 2,056 | 2,882 | 3,697 | 3,270 |
| Tax % | 38% | 41% | 57% | 31% | 35% | 27% | |
| Net Profit + | 1,453 | 1,314 | 1,116 | 1,426 | 1,868 | 2,714 | 2,756 |
| EPS in Rs | 10.39 | 9.24 | 7.88 | 10.07 | 13.37 | 18.90 | 18.83 |
| Dividend Payout % | 68% | 27% | 19% | 35% | 22% | 16% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 13.81 | 1.64 | 1.15% | 29.66 | 3.39 | 1.52% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| NLC India Ltd | 13.76 | 1.64 | 1.15% |
| Vedanta Ltd | 18.73 | 5.22 | 6.06% |
| Jain Resource Recycling Ltd | 60.84 | 18.83 | — |
| Mishra Dhatu Nigam Ltd | 58.52 | 4.58 | 0.43% |
Is NLC India stock good to buy? (bull case & bear case)
Bull Case:
- In FY2023-24, the company earned revenue of around ₹20,000+ crore, which shows it is a big and stable company in the power business.
- The company’s market value is around ₹30,000+ crore, which shows it has a strong position in the power and mining sector.
- Net profit in FY2023-24 was around ₹2,000+ crore, which means the company is making a good profit.
- The Government of India owns around 70%+ shares, which gives strong support and trust to the company.
- The company has a total power capacity of about 3,600+ MW, which means it produces a large amount of electricity.
- It has a renewable energy capacity of 1,000+ MW, which shows it is also growing in solar and clean energy.
- The company pays dividends regularly and has earned operating profit in many past years, which shows its main business is strong and steady.
Bear Case:
- Return on Equity (ROE) is around 8–12%, which is average and not very high compared to some other big companies.
- A big part of its income still comes from coal and lignite power, which may face environmental rules and future risks.
- The company has a total debt of around ₹15,000+ crore, which means it has loans and needs to pay interest regularly.
- Profit growth has been slow in some recent years, even though revenue is high.
Conclusion
It is a government company that does mining and makes electricity. It produces power from coal, lignite, solar, and wind energy. The company is slowly increasing its clean energy projects, which is good for the future. In the past few years, its sales and profits have become better, and its business has been running in a stable way. It also gives dividends to shareholders, which is helpful for people who want regular income from their investment. Overall, it can be a good long-term option for investors who believe India will need more electricity in the future and who are ready to accept some risk.
