Accumulate NLC India, target price Rs 300: Anand Rathi

Anand Rathi has accumulate call on NLC India with a target price of Rs 300. The current market price of NLC India Ltd. is Rs 245.05.

NLC India Ltd., incorporated in the year 1956, is a Mid Cap company (having a market cap of Rs 33528.87 Crore) operating in Power sector.

NLC India Ltd. key Products/Revenue Segments include Power, Coal, Lignite, Fly Ash and Consultancy Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4034.55 Crore, up 24.16 % from last quarter Total Income of Rs 3249.39 Crore and down -31.10 % from last year same quarter Total Income of Rs 5855.57 Crore. Company reported net profit after tax of Rs 113.77 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.2 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.38 per cent, DIIs 13.36 per cent.