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NLC India Ltd, previously known as Neyveli Lignite Corporation, is a prominent government-owned enterprise that plays a pivotal role in India’s energy sector. Founded in 1956, the company has evolved into a major player in lignite mining and electricity generation, harnessing both thermal and renewable energy resources. With a diverse energy portfolio that includes solar and wind power generation, NLC India Ltd is positioned as a significant contributor to India’s energy landscape. As of October 15, 2024, the NLC Share Price is 268.50 INR. This article delves into comprehensive details regarding NLC’s share price targets for 2024, 2025, and projections up to 2030.
NLC India Ltd: Market Overview
- Open Price: ₹267.75
- High Price: ₹270.95
- Low Price: ₹266.30
- Previous Close: ₹267.35
- Volume: 312,953
- Value (Lacs): ₹840.44
- VWAP: ₹268.80
- UC Limit: ₹320.80
- LC Limit: ₹213.90
- P/E ratio: 18.45
- Div yield: 1.12%
- 52-wk high: ₹311.80
- 52-wk low: ₹116.80
- Mkt cap: ₹37.23KCr
- Face Value: ₹10
NLC India Ltd Competitors: A Comparative Analysis
NLC India Ltd operates in a competitive landscape characterized by several key players in the energy sector. Below are five of its major competitors along with their estimated market capitalizations:
| Company Name | Market Capitalization |
|---|---|
| NTPC Ltd | ₹2.45 Lakh Crores |
| Power Grid Corporation of India Ltd | ₹1.7 Lakh Crores |
| Tata Power Company Ltd | ₹90,000 Crores |
| JSW Energy Ltd | ₹58,000 Crores |
| NHPC Ltd | ₹57,000 Crores |
NLC Share Price Chart
NLC Share Price Target: Projections from 2024 to 2030
Forecasting the share price of NLC India Ltd involves analyzing market trends, financial performance, and external economic factors. Below are the projected share price targets for the years 2024 through 2030:
| NLC Share Price Target Years | Share Price Target |
| 2024 | ₹450 |
| 2025 | ₹560 |
| 2026 | ₹640 |
| 2027 | ₹730 |
| 2028 | ₹842 |
| 2029 | ₹960 |
| 2030 | ₹1095 |
NLC Share Price Target Analysis for Specific Years
NLC Share Price Target 2024
For 2024, NLC’s share price target is projected to reach ₹450. Key factors contributing to this expected growth include:
- Expansion in Renewable Energy: NLC’s significant investments in solar and wind energy are expected to yield positive outcomes, driving share price appreciation.
- Government Support for Clean Energy: Government policies promoting clean energy are designed to support companies like NLC, facilitating further growth in share value.
- Operational Efficiency Programs: NLC’s ongoing initiatives to enhance operational efficiencies and expand production capacity may lead to increased revenue and share price.
NLC Share Price Target 2025
For 2025, a share price target of ₹560 is anticipated. Contributing factors include:
- Renewable Energy Capacity Expansion: The anticipated ramp-up in NLC’s renewable energy projects will attract investment, enhancing share price potential.
- Coal Mining Operations: Improved efficiency in coal mining operations may stabilize and enhance revenues, supporting share prices.
- Regulatory Support: Favorable regulatory frameworks can positively impact revenue growth and stock performance.
NLC Share Price Target 2030
Looking ahead to 2030, the share price target is forecasted at ₹1095. This optimistic projection hinges on several critical factors:
- Shift Towards Green Energy: Successfully transitioning from traditional coal to renewable energy sources will be a game-changer, likely attracting substantial investment and enhancing share price.
- Adoption of Innovative Technologies: Integration of advanced technologies in energy production can enhance NLC’s competitiveness and operational efficiency.
- Stable Long-Term Contracts: Securing long-term contracts will provide revenue stability, favorably impacting company valuation and share price.
NLC India Ltd Shareholding Pattern
The distribution of NLC India’s shares among various stakeholders is as follows:
- Promoters: 72.2%
- Foreign Institutional Investors (FII): 2.18%
- Domestic Institutional Investors (DII): 13.83%
- Public Shareholding: 11.79%
NLC India Ltd Financials: A Deep Dive
Understanding the financial performance of NLC India Ltd is crucial for assessing its investment potential. Below is a summary of key financial figures along with their year-over-year (Y/Y) changes.
| (INR) | 2024 | Y/Y Change |
| Revenue | 130.68B | -19.84% |
| Operating Expense | 96.78B | 5.15% |
| Net Income | 18.54B |