Whalesbook
NLC India ka ₹1.17 Lakh Crore ka Mega Plan!
Dekho, NLC India FY30 tak apna capital expenditure badhane wali hai, jismein ₹1.17 Lakh Crore lagane ka plan hai. Company ka focus hai ki woh apni total mining capacity ko lagbhag double kar de, matlab 50.1 million tonnes per annum (mtpa) se 104.4 mtpa tak pahuncha de. Ismein lignite mining 30.1 mtpa se 41.4 mtpa aur coal mining 20 mtpa se 62 mtpa ho jayegi.
Power aur Critical Minerals mein bhi Badi Entry!
Mining ke saath-saath, NLC India power generation bhi badhayegi. Unka target hai ki thermal power capacity 10 GW tak pahunchaye aur renewable energy capacity ko bhi current 1.6 GW se badha kar 10 GW tak le jaaye FY30 tak. Is plan mein 1 mtpa critical minerals capacity bhi install hogi, jo future ke liye bahut zaroori hai.
Revenue Prospects aur Stock ki Performance
Is expansion ke baad NLC India ka revenue FY25 mein ₹15,283 crore se badh kar FY30 tak ₹37,713 crore hone ka andaza hai. Stock market mein bhi company ki performance achhi rahi hai. May 2026 mein share ₹313-₹320 ke range mein tha, pichhle ek saal mein 40.39% aur pichhle mahine 18.02% badha hai. 52-week high ₹328.70 raha hai. EV/EBITDA multiple FY26 ke liye 13.2x aur FY27 ke liye 9.3x projected hai.
Strategic Moves aur Competition
Ye plans NLC India ko energy sector mein aur competitive banayenge. Jaise Coal India bhi apna production badha rahi hai, target hai 1,000 MT FY2027-28 tak. NLC India ka critical minerals mein enter karna government ke National Critical Mineral Mission (NCMM) ke bhi saath hai, jiska outlay ₹16,300 crore hai. Ye minerals EVs aur clean energy tech ke liye crucial hain. Company ke paas 3 GW renewable capacity under construction bhi hai. India ka target 500 GW renewable energy by 2030 hai.
Financial Health aur Risks
Ab financial side dekhte hain. March 2025 tak NLC India par lagbhag $2.62 billion USD ka debt tha. Debt-to-equity ratio 104.7% hai aur debt-to-EBITDA ratio 4.4 hai, jo kaafi high leverage dikhata hai. Liabilities bhi cash se zyada hain, isliye subsidiary NIREL ka IPO jaisi funding options important hongi.
Execution Challenges aur Profitability Concerns
Ye ₹1.17 Lakh Crore ka capex plan execute karna bada kaam hai. Company ko apne debt ko manage karna hoga aur around ₹23,000 crore ka equity bhi arrange karna padega. ROCE sirf 6.66% hai aur 3-year average ROE 5.13% hai, jo existing assets ki profitability par sawal uthata hai. Aur ₹13,859 Cr ki contingent liabilities bhi financial uncertainty badhati hain.
Analyst View aur Future Outlook
NLC India FY30 tak revenue ₹37,713 crore aur Profit After Tax (PAT) ₹5,294 crore tak pahunchane ka forecast kar rahi hai. EBITDA margins bhi FY25 ke 38.6% se badh kar FY30 tak 50.6% hone ki ummeed hai. Analysts generally positive hain aur 'BUY' rating de rahe hain, lekin kuch expert, jaise MarketsMojo, risks ko dhyan mein rakhne ki salah de rahe hain.