NLC India Ltd Q4 FY26 Share Price & Earnings Call Analysis

Financials of NLC India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of NLC India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +5,1343,3162,9783,1643,5413,3763,6574,4113,8363,8264,1784,4435,042
Expenses +3,8982,1232,1432,2603,2082,2942,6443,3772,9752,8912,7793,0993,268
Operating Profit1,2361,1948359053331,0821,0131,0358619351,4001,3441,774
OPM %24%36%28%29%9%32%28%23%22%24%34%30%35%
Other Income +7131121,535149494362713489957497359364802
Interest221231214205199189180237325299289269364
Depreciation472461455446462433413458581539548597695
Profit before tax1,2566141,7014021658221,1338309125949218431,518
Tax %33%33%36%37%31%31%13%16%49%-41%21%14%2%
Net Profit +8374141,0862541145679826964688397257241,481
EPS in Rs5.982.927.821.810.824.036.584.823.485.754.804.8010.05

Financials of NLC India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +6,0757,82811,09411,2899,87110,3259,93612,07016,16513,00115,32217,490
Expenses +4,5355,3345,9987,4017,6147,0397,3208,11910,4259,56410,57511,901
Operating Profit1,5402,4945,0973,8872,2573,2862,6163,9515,7403,4384,7475,588
OPM %25%32%46%34%23%32%26%33%36%26%31%32%
Other Income +1,434-412-1,1767132,1251,5682,5311,544-8722,1181,7661,887
Interest1504675885487001,1741,3139841,0128499321,222
Depreciation4419101,0441,2321,1211,3341,6111,9091,8011,8251,8842,379
Profit before tax2,3837052,2892,8212,5612,3452,2232,6032,0562,8823,6973,875
Tax %34%90%-7%31%40%38%41%57%31%35%27%3%
Net Profit +1,580682,4571,9571,5371,4531,3141,1161,4261,8682,7143,769
EPS in Rs9.420.5116.0112.7110.8710.399.247.8810.0713.3718.9025.40
Dividend Payout %30%588%46%35%42%68%27%19%35%22%16%15%

Financials of NLC India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,6781,6781,5291,5291,3871,3871,3871,3871,3871,3871,3871,387
Reserves13,19811,10410,59811,82311,38311,51812,09812,80313,78215,14417,33620,138
Borrowings +6,6018,42311,47913,21520,59827,23027,23422,08622,33322,41522,42927,892
Other Liabilities +4,2798,4889,88811,88011,91712,49312,59413,54215,60516,04316,75215,786
Total Liabilities25,75629,69333,49338,44845,28552,62853,31349,81853,10754,98957,90465,202
Fixed Assets +6,65516,32715,99716,76517,65824,10925,82424,87524,05823,39130,69936,596
CWIP10,9852,5425,2198,39713,85612,66211,59713,02214,63617,72615,29714,293
Investments10313131313141478888
Other Assets +8,01410,81212,26513,27313,75915,84415,87911,91414,40513,86411,89914,305
Total Assets25,75629,69333,49338,44845,28552,62853,31349,81853,10754,98957,90465,202

Financials of NLC India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,0361,3011,2254,5331,6201,6474,3907,7464,1715,5128,9775,166
Cash from Investing Activity +-502-1,380-4,332-4,593-6,119-5,812-2,212-763-2,499-3,059-7,160-7,549
Cash from Financing Activity +-1,23163-68984,4164,163-2,037-7,001-1,735-1,985-2,1962,907
Net Cash Flow-696-16-3,17439-83-2140-18-62468-379525
Free Cash Flow-196-390-2,998-104-4,627-4,2462,0686,8321,6182,3571,709-2,474
CFO/OP117%73%34%131%94%65%180%218%75%178%202%108%

Financials of NLC India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days137174158147229301276112961067570
Inventory Days
Days Payable
Cash Conversion Cycle137174158147229301276112961067570
Working Capital Days8210410370-36-15-10315619-70-62
ROCE %10%10%21%13%11%9%8%8%13%7%11%10%