External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>NLC India Limited (NLCIL) is a Navratna CPSE and operates across lignite &amp; Coal mining, Power generation, Power Trading, and Consultancy for Mining &amp; Power.</li><li>NLCIL is the designated nodal agency for lignite mining in India and owns more than 50% of the Lignite Reserves.</li><li>The company has a mining capacity of 50 MTPA, thermal generation capacity of 4,640 MW and Renewable Energy (RE) capacity of 1,431 MW.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited (NLCIL) is a Navratna CPSE and operates across lignite &amp; Coal mining, Power generation, Power Trading, and Consultancy for Mining &amp; Power.NLCIL is the designated nodal agency for lignite mining in India and owns more than 50% of the Lignite Reserves.The company has a mining capacity of 50 MTPA, thermal generation capacity of 4,640 MW and Renewable Energy (RE) capacity of 1,431 MW.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: NLC India Ltd. - 7 October 2024

<ul><li>Expected Reduction in Under-Recovery: In Q1FY25, the group’s under-recovery was down 33% QoQ to Rs 140 Cr led by the resolution of land acquisition issues at the TPS-II plant.</li><li>The majority of the under-recovery was due to the boiler issues at the TPS-II expansion Plant.</li><li>The company has completed short-term modifications and the long-term modifications are on track with materials already procured. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Expected Reduction in Under-Recovery: In Q1FY25, the group’s under-recovery was down 33% QoQ to Rs 140 Cr led by the resolution of land acquisition issues at the TPS-II plant.The majority of the under-recovery was due to the boiler issues at the TPS-II expansion Plant.The company has completed short-term modifications and the long-term modifications are on track with materials already procured. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited  - Key Highlights of Q1FY25 Conference Call

<ul><li>Q1FY25 PAT largely inline: NLCIL’s PAT increased to Rs 567 Cr (up 37%/397% YoY/QoQ), largely in line with our estimate.</li><li>PAT, excluding regulatory deferral income of Rs 98 Cr, stood at Rs 469 Cr, up 13%/22% YoY/QoQ.</li><li>Revenue at Rs 3,376 Cr (up 2% YoY, down 5% QoQ) missed our estimates due to lower revenue from both the power segment (due to a lower blended tariff) and the mining segment (potentially due to lower eauction prices). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q1FY25 PAT largely inline: NLCIL’s PAT increased to Rs 567 Cr (up 37%/397% YoY/QoQ), largely in line with our estimate.PAT, excluding regulatory deferral income of Rs 98 Cr, stood at Rs 469 Cr, up 13%/22% YoY/QoQ.Revenue at Rs 3,376 Cr (up 2% YoY, down 5% QoQ) missed our estimates due to lower revenue from both the power segment (due to a lower blended tariff) and the mining segment (potentially due to lower eauction prices). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Limited - PAT Largely Inline; Revenue/EBITDA Miss

<ul><li>We initiate coverage of NLC India Limited (NLCIL) with a BUY recommendation and a target price of Rs 340/share, implying an upside potential of 20% from the CMP.</li><li>NLCIL is a Navratna CPSE and operates across lignite &amp; Coal mining, Power generation, Power Trading, and Consultancy for Mining &amp; Power.</li><li>NLCIL is the designated nodal agency for lignite mining in India and owns more than 50% of the Lignite Reserves.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We initiate coverage of NLC India Limited (NLCIL) with a BUY recommendation and a target price of Rs 340/share, implying an upside potential of 20% from the CMP.NLCIL is a Navratna CPSE and operates across lignite &amp; Coal mining, Power generation, Power Trading, and Consultancy for Mining &amp; Power.NLCIL is the designated nodal agency for lignite mining in India and owns more than 50% of the Lignite Reserves.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLC India Ltd - Capacity Addition Across Mining and Power Segments to Drive Growth

India

NLC India Limited operates as a mining and power company. The Company focuses on lignite mining, as well as provides thermal and renewable power generation services. NLC India serves clients in India.

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NLC India (NLC IN)

Pick of the Week: NLC India Ltd. - 7 October 2024

NLC India Limited (NLCIL) is a Navratna CPSE and operates across lignite & Coal mining, Power generation, Power Trading, and Consultancy for Mining...

Axis Direct

NLC India Limited - Key Highlights of Q1FY25 Conference Call

The modifications are expected to be completed by Sep’24 post which substantial reduction is expected in the under recovery of TPS-II Expansion.

Axis Direct

NLC India Limited - PAT Largely Inline; Revenue/EBITDA Miss

Q1FY25 PAT largely inline: NLCIL’s PAT increased to Rs 567 Cr (up 37%/397% YoY/QoQ), largely in line with our estimate. PAT, excluding regulatory...

Axis Direct

NLC India Ltd - Capacity Addition Across Mining and Power Segments to Drive Growth

We initiate coverage of NLC India Limited (NLCIL) with a BUY recommendation and a target price of Rs 340/share, implying an upside potential of 20%...

Axis Direct

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