A leading energy company known for power generation and mining has secured a significant milestone. Its subsidiary received an award to develop its first large-scale Battery Energy Storage System (BESS) project at three facilities for a state green energy corporation, marking a strategic expansion into grid-scale storage.
NLC India Limited’s stock, with a market capitalisation of Rs. 31,263 crores, rose to Rs. 229.70, hitting a high of up to 3.17 percent from its previous closing price of Rs. 222.64. Furthermore, the stock over the past year has given a negative return of 3.52 percent.
Project Highlight
NLC India Renewables Ltd., a subsidiary of NLC India, has received a Letter of Award from Tamil Nadu Green Energy Corporation (TNGEC) to develop three Battery Energy Storage System (BESS) projects with a total capacity of 250 MW/500 MWh. This is NLCIL Group’s first large-scale BESS project.
The projects will follow the Build-Own-Operate (BOO) model with state-supported Viability Gap Funding (VGF). They will be set up at substations in Ottapidaram, Anuppankulam, and Kayathar in Tamil Nadu and were awarded through a competitive bidding process. The company has an overall renewable power capacity of 1,431 MW as of 31 March 2025.
Also read: Transformer stock hits upper circuit after receiving ₹16.36 Cr orders for power project
FY 2030 Outlook
The company expects strong growth across key financial metrics by FY30. Revenue from operations is projected to nearly triple from Rs. 13,001 crore in FY24 to Rs. 37,713 crore by FY30. Profit after tax is also set to rise steadily, from Rs. 1,868 crore in FY24 to Rs. 5,294 crore in FY30, reflecting a 50 percent growth in profitability over five years. Meanwhile, assets are projected to grow sharply from Rs. 54,942 crore in FY24 to Rs. 1,59,746 crore in FY30, indicating robust expansion and investments.
EBITDA margins are forecast to improve significantly, rising from 39.8 percent in FY24 to 50.6 percent by FY30. The margin improvement begins in FY26 at 41.9 percent and continues steadily, driven by operational efficiencies and scale benefits. This consistent rise in margins suggests improved cost management and stronger profitability over time.
Financial Highlights
The company reported revenue of Rs. 3,836 crore in Q4FY25, reflecting an 8.3 percent YoY growth from Rs. 3,541 crore in Q4FY24, but a 13 percent decline QoQ from Rs. 4,411 crore in Q3FY25. Despite the sequential dip, the firm has maintained a 3-year revenue CAGR of 8 percent, indicating steady long-term growth.
Net profit surged 311 percent YoY to Rs. 468 crore in Q4FY25 from Rs. 114 crore in Q4FY24, although it dropped 32.7 percent QoQ from Rs. 696 crore in Q3FY25. Over the last three years, the company has delivered a strong profit CAGR of 51 percent and a healthy ROE CAGR of 12 percent, showcasing robust profitability and efficient capital use.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
