NLC India Ltd.

Financial

	Neyveli Lignite	SJVN	Reliance Power
Operational Metrics
Metals Mining & Minerals
Capacity Utilization - Lignite	80.07 %	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 %	3.51 %
Generation Capacity - Conventional Energy	4640.0 MW	1972.0 MW	5160.0 MW
Generation Capacity - Electricity	6071.0 MW	2377.0 MW	5305.0 MW
Generation Capacity - Thermal	4640.0 MW	n/a	5160.0 MW
Capacity Utilization - Conventional Energy	61.12 %	n/a	85.9 %
Capacity Utilization - Electricity	40.7 %	40.78 %	83.65 %
Capacity Utilization - Thermal	61.12 %	n/a	85.9 %
Renewable
Generation Capacity - Renewable	1431.0 MW	405.0 MW	145.0 MW
Capacity Utilization - Solar	17.48 %	n/a	3.51 %
Generation Capacity - Solar	1380.0 MW	n/a	140.0 MW
Financials
5 yr Average ROE	9.69 %	9.94 %	-2.11 %
5yr average Equity Multiplier	3.73	1.95	3.78
5yr Average Asset Turnover Ratio	0.23	0.11	0.16
5yr Avg Net Profit Margin	11.72 %	49.35 %	-0.84 %
Price to Book	1.73	2.56	1.27
P/E	12.38	44.32	6.72
5yr Avg Cash Conversion Cycle	2035.58 Days	42.35 Days	121.77 Days
Inventory Days	45.83 Days	8.49 Days	43.3 Days
Days Receivable	112.82 Days	31.41 Days	76.34 Days
Days Payable	321.21 Days	6.42 Days	6.6 Days
5yr Average Interest Coverage Ratio	3.35	8.93	1.08
5yr Avg ROCE	8.57 %	10.04 %	5.15 %
5yr Avg Operating Profit Margin	32.01 %	74.94 %	28.31 %
5 yr average Debt to Equity	1.7	0.66	1.69
5yr CAGR Net Profit	7.02 %	-10.27 %	74.69 %
5yr Average Return on Assets	2.62 %	5.85 %	-0.03 %
Shareholdings
Promoter Holding	72.2 %	81.85 %	24.98 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-7.0 %	-4.92 %	0.0
Change in Mutual Fund Holding (3 Yrs)	7.74 %	-1.89 %	0.59 %

Business

	Neyveli Lignite	SJVN	Reliance Power
Product Wise Break-Up	Product Wise Break-Up Power 50.13 Lignite Mining 49.87 Energy Sales 0 Sale of energy 0	Product Wise Break-Up Energy 100.0 Power 0 Lignite Mining 0 Sale of energy 0	Product Wise Break-Up Energy Sales 0 Power 0 Lignite Mining 0 Energy 100.0
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 India 100.0 Nepal 0	Location Wise Break-Up Rest of the World 0 India 100.0 Nepal 0
Operating Profit Break-Up	Operating Profit Break-Up Lignite Mining 66.39 Power Generation 33.61	-	-
Capex	Capex Power Generation 66.78 Lignite Mining 33.22	-	-
Asset Break-Up	Asset Break-Up Power Generation 51.72 Lignite Mining 21.07 Others 27.21	-	-

NLC India Ltd.

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