NLC India Ltd.

Financial

	Neyveli Lignite	SJVN	Reliance Power
Operational Metrics
Lignite
Capacity Utilization - Lignite	98.3 %	n/a	n/a
Realization / Tonne - Lignite	2870.27 Rs/MT	n/a	n/a
Power Generation Sector
Capacity Utilization - Renewable	16.75 %	10.18 %	9.32 %
Capacity Utilization - Electricity	40.7 %	40.78 %	71.87 %
Generation Capacity - Electricity	6071.0 MW	2377.0 MW	5945.0 MW
Capacity Utilization - Conventional Energy	61.12 %	n/a	73.87 %
Generation Capacity - Conventional Energy	4640.0 MW	1972.0 MW	5760.0 MW
Renewable
Generation Capacity - Renewable	1431.0 MW	405.0 MW	185.0 MW
Solar Power
Generation Capacity - Solar	1380.0 MW	n/a	140.0 MW
Capacity Utilization - Solar	17.48 %	n/a	8.47 %
Thermal
Generation Capacity - Thermal	4640.0 MW	n/a	5760.0 MW
Capacity Utilization - Thermal	61.12 %	n/a	73.87 %
Financials
5 yr Average ROE	9.69 %	9.94 %	-12.59 %
5yr average Equity Multiplier	3.73	1.95	4.17
5yr Average Asset Turnover Ratio	0.23	0.11	0.16
5yr Avg Net Profit Margin	11.72 %	49.35 %	-19.39 %
Price to Book	1.84	3.0	1.25
P/E	17.82	43.18	14.44
5yr Avg Cash Conversion Cycle	2035.58 Days	42.35 Days	143.85 Days
Inventory Days	45.83 Days	8.49 Days	43.99 Days
Days Receivable	112.82 Days	31.41 Days	100.23 Days
Days Payable	321.21 Days	6.42 Days	13.97 Days
5yr Average Interest Coverage Ratio	3.35	8.93	0.5
5yr Avg ROCE	8.57 %	10.04 %	5.49 %
5yr Avg Operating Profit Margin	32.01 %	74.94 %	32.03 %
5 yr average Debt to Equity	1.7	0.66	1.99
5yr CAGR Net Profit	7.02 %	-10.27 %	-12.69 %
5yr Average Return on Assets	2.62 %	5.85 %	-2.98 %
Shareholdings
Promoter Holding	72.2 %	81.85 %	23.26 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-7.0 %	-4.92 %	-1.72 %
Change in Mutual Fund Holding (3 Yrs)	6.79 %	-2.16 %	-0.02 %

Business

	Neyveli Lignite	SJVN	Reliance Power
Product Wise Break-Up	Product Wise Break-Up Lignite Mining 68.2 Power 31.8 Energy Sales 0 Sale of energy 0	Product Wise Break-Up Lignite Mining 0 Sale of energy 0 Energy 100.0 Power 0	Product Wise Break-Up Lignite Mining 0 Energy 100.0 Energy Sales 0 Power 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 Nepal 0	Location Wise Break-Up Rest of the World 0 Nepal 0 India 100.0	Location Wise Break-Up Rest of the World 0 Nepal 0 India 100.0
Operating Profit Break-Up	Operating Profit Break-Up Power Generation 83.76 Lignite Mining 16.24	-	-
Capex	Capex Power Generation 66.78 Lignite Mining 33.22	-	-
Asset Break-Up	Asset Break-Up Power Generation 50.62 Lignite Mining 11.68 Others 37.7	-	-

NLC India Ltd.

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