Operates an integrated coal mining and power generation business, with FY26 segment revenue of 9,076.95 crore from Mining (52.4% of segment revenue), 7,708.38 crore from Power-Thermal (44.5%), and 553.42 crore from Power-Renewables (3.2%). The Mining segment supplies fuel to the company's own thermal plants and generated segment EBIT of 1,813.83 crore; Power-Thermal operates coal-based generation with segment EBIT of 426.68 crore; and Power-Renewables, run through wholly-owned subsidiary NLC India Renewables Limited (NIRL), recorded segment EBIT of 259.16 crore. The renewables arm is expanding with solar and hybrid projects under way in Gujarat, Uttar Pradesh, Tamil Nadu and Odisha, and the thermal business is adding new coal-based capacity through joint ventures and long-term fuel supply arrangements. The Government of India, through the Ministry of Coal, is the promoter, and the company is a Navratna Central Public Sector Enterprise. Materials made up 19.5% of FY26 revenue, employees 14.6%, other operating expenses 34.2%, and depreciation 13.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mining (52%), Power-Thermal (45%), Power-Renewables (3%). Asset-heavy, integrated mining and power generation
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11,948 | 16,165 | 12,999 | 15,283 | 17,490 |
| EBITDA (ex other income) | 4,553 | 5,829 | 3,536 | 4,840 | 5,588 |
| margin % | 38.1 | 36.1 | 27.2 | 31.7 | 32.0 |
| Owners' profit | 1,093 | 1,396 | 1,854 | 2,621 | 3,522 |
| EPS, as reported (₹) | 8.05 | 10.28 | 13.47 | 19.57 | 25.40 |
| ROE % · ROCE % | 6.8 · 7.4 | 8.1 · 11.4 | 9.6 · 5.7 | 12.4 · 9.7 | 14.9 · 7.7 |
| Debt / equity (x) | 1.35 | 1.27 | 1.16 | 1.02 | 1.10 |
| Cash from operations | 7,770 | 3,761 | 5,624 | 8,977 | 5,166 |
| Capex | (917) | (2,603) | (3,259) | (7,340) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,657 | 4,411 | 3,836 | 3,826 | 4,178 | 4,443 | 5,042 | 4,717 |
| Profit before tax | 1,197 | 1,619 | 91 | 387 | 731 | 978 | 870 | 574 |
| Net profit | 982 | 696 | 468 | 839 | 725 | 724 | 1,481 | 436 |
| EPS (₹) | 7.71 | 9.75 | 3.38 | 6.05 | 5.23 | 5.22 | 10.05 | 3.49 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Mining | 8,796 | 36.7 |
| Power - Thermal | 4,184 | 17.5 |
| Power - Renewables | 210 | 0.9 |
| Power Generation | 7,503 | 31.3 |
| Power | 3,272 | 13.7 |
| Total, before eliminations | 23,964 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NTPC LTD | 3,23,287 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · NLC India appoints Joint Statutory Auditors for FY 2026-27 | management changes | medium | — | — |
| 8 Sept 2026 · Subsidiary NIRL wins 200 MW wind power project from SJVN | business updates | high | — | — |
| 8 Sept 2026 · NLC India 70th AGM on Sep 29; final dividend of Rs 0.25 per share recommended | compliance | minimal | — | — |
| 8 Sept 2026 · NLC India 70th AGM notice on 29 Sept via video conferencing | compliance | minimal | — | — |
| 7 Sept 2026 · NLC India submits BRSR for FY2025-26 with ESG and growth targets | compliance | low | — | — |
| 6 Sept 2026 · 70th AGM to be held on 29 September 2026 via video conferencing | compliance | minimal | — | — |
| 5 Sept 2026 · Board approves USD 100M ECB borrowing, sets dividend record date | corporate actions | high | — | — |
| 5 Sept 2026 · NLC India Board Approves USD 100M ECB, Sets Dividend Record Date | corporate actions | high | — | — |
| 5 Sept 2026 · Board approves USD 100M ECB borrowing, sets AGM and dividend record date | board shareholder meetings | low | — | — |
| 4 Sept 2026 · NLC subsidiary NIRL wins GUVNL battery storage project 275 MW/550 MWh in Gujarat | business updates | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 11.7 |
| 1.53 |
| 10.2 |
| 13.0 |
| 5.5 |
| 10.9 |
| 32.8 |
| ADANI GREEN ENERGY LTD | 2,11,030 | 87.2 | 7.06 | 27.2 | 6.7 | 1.3 | 32.9 | 95.1 |
| JSW ENERGY LIMITED | 96,469 | 47.0 | 2.87 | 15.3 | 8.2 | 1.9 | 22.3 | 59.6 |
| NHPC LTD | 76,724 | 20.2 | 1.59 | 20.1 | 8.7 | 2.7 | 3.8 | 65.7 |
| NTPC GREEN ENERGY LIMITED | 73,604 | 123.0 | 3.84 | 38.8 | 2.7 | 1.2 | — | 90.7 |
| NLC INDIA LIMITED ◆ | 36,725 | 11.0 | 1.45 | 9.7 | 14.9 | 5.4 | 12.2 | 34.4 |
| ACME SOLAR HOLDINGS LTD | 28,352 | 41.0 | 5.60 | 19.9 | 9.8 | 2.7 | — | 96.9 |
| SJVN LTD | 25,984 | 40.8 | 1.82 | 16.1 | 4.5 | 2.8 | 12.7 | 65.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.0 | 20.2 | 5 of 25 | 83% |
| P/B | 1.4 | 1.6 | 10 of 26 | 60% |
| ROCE | 5.4 | 2.7 | 7 of 29 | 79% |
| ROE | 14.9 | 6.2 | 4 of 27 | 89% |
| Debt / Equity | 1.1 | 0.7 | 18 of 27 | 35% |
| EBITDA margin | 34.4 | 53.8 | 18 of 24 | 26% |
| Revenue growth | 23.3 | 10.0 | 7 of 24 | 74% |
| Profit growth | (48.0) | 4.2 | 22 of 25 | 13% |
| Market cap | 36725 | 3866 | 6 of 29 | 82% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
