{"id":343458,"date":"2026-11-11T10:41:45","date_gmt":"2026-11-11T05:11:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343458"},"modified":"2026-11-11T10:41:45","modified_gmt":"2026-11-11T05:11:45","slug":"nlc-india-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/","title":{"rendered":"NLC India Share Price Target 2027: What Earnings Say About Rs 292 and Rs 349"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>NLC India share price Rs 245.58 (11 November 2026). Base target Rs 292, bull Rs 349, downside risk Rs 194. PE 8.49. 52W range Rs 222.30 to Rs 387.80.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The NLC India share price target for 2027 is Rs 292, about 18.9% above the current price of Rs 245.58. The bull case is Rs 349, and the downside risk level, which is not a target, is Rs 194. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 37.3%, with the stock holding its PE of 8.49. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a NLC India target price for 2027 should start with where the stock sits today. At Rs 245.58 on 11 November 2026, it is 36.7% below its 52-week high of Rs 387.80 and 10.5% above its 52-week low of Rs 222.30. That range spans 74% from low to high, so the entry point matters as much as the NLC India price forecast itself.<\/p>\n<p>This article builds the NLC India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=nlc-india-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#NLC_India_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"NLC India Stock Analysis: Company Overview and Key Stats\">NLC India Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Why_Is_NLC_India_Share_Price_Target_Set_at_Rs_292_for_2027\" title=\"Why Is NLC India Share Price Target Set at Rs 292 for 2027?\">Why Is NLC India Share Price Target Set at Rs 292 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Earnings_Growth_Behind_the_NLC_India_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the NLC India Target Price: Five Years of Results\">Earnings Growth Behind the NLC India Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Valuation_Check_for_the_NLC_India_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the NLC India Stock Target: PE, Price to Book and ROE\">Valuation Check for the NLC India Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#NLC_India_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"NLC India Share Price Targets for the Short Term and 12 Months\">NLC India Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Short_Term_NLC_India_Stock_Target_Levels_Technical_Setup\" title=\"Short Term NLC India Stock Target Levels: Technical Setup\">Short Term NLC India Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#12_Month_NLC_India_Target_Price_for_2027\" title=\"12 Month NLC India Target Price for 2027\">12 Month NLC India Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_NLC_India_Target_Price\" title=\"How EPS Growth and PE Multiple Change the NLC India Target Price\">How EPS Growth and PE Multiple Change the NLC India Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_NLC_India_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for NLC India Stock Target in 2027\">Bull Case and Downside Risk for NLC India Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Bull_Case_Rs_349\" title=\"Bull Case Rs 349\">Bull Case Rs 349<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Downside_Risk_Level_Rs_194\" title=\"Downside Risk Level Rs 194\">Downside Risk Level Rs 194<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Key_Risks_to_the_NLC_India_Target_Price_for_2027\" title=\"Key Risks to the NLC India Target Price for 2027\">Key Risks to the NLC India Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_NLC_India_Price_Target\" title=\"Growth Slowdown Risk for the NLC India Price Target\">Growth Slowdown Risk for the NLC India Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#How_to_Invest_in_NLC_India\" title=\"How to Invest in NLC India\">How to Invest in NLC India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#FAQs_on_NLC_India_Share_Price_Target_2027\" title=\"FAQs on NLC India Share Price Target 2027\">FAQs on NLC India Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#What_is_the_NLC_India_share_price_target_for_2027\" title=\"What is the NLC India share price target for 2027?\">What is the NLC India share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#What_is_the_NLC_India_share_price_today\" title=\"What is the NLC India share price today?\">What is the NLC India share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Is_NLC_India_a_buy_or_sell_at_the_current_price\" title=\"Is NLC India a buy or sell at the current price?\">Is NLC India a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_NLC_India_shares\" title=\"What are the bull case target and downside risk level for NLC India shares?\">What are the bull case target and downside risk level for NLC India shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#What_are_the_main_risks_to_the_NLC_India_price_target\" title=\"What are the main risks to the NLC India price target?\">What are the main risks to the NLC India price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#What_is_the_PE_ratio_of_NLC_India_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of NLC India and how does it compare with the industry?\">What is the PE ratio of NLC India and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#Who_owns_NLC_India_and_what_is_the_promoter_holding\" title=\"Who owns NLC India, and what is the promoter holding?\">Who owns NLC India, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/nlc-india-share-price-target-2027\/#What_were_NLC_Indias_latest_quarterly_results\" title=\"What were NLC India&#8217;s latest quarterly results?\">What were NLC India&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"NLC_India_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>NLC India Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NLC India (NSE: NLCINDIA) has a market capitalisation of Rs 33,695 crore. In FY26 it reported revenue of Rs 18,467 crore and net profit of Rs 3,769 crore. The table collects the figures the NLC India share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/nlcindia\/nlc-india-ltd-share-price-today\">NLC India<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>NLCINDIA<\/td>\n<\/tr>\n<tr>\n<td>CMP (11 November 2026)<\/td>\n<td>Rs 245.58<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 387.80<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 222.30<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 33,695 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>8.49<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>20.74<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>1.44<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>16.77%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>1.21<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 28.63<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.58%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 292<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 349<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 194<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_NLC_India_Share_Price_Target_Set_at_Rs_292_for_2027\"><\/span><strong>Why Is NLC India Share Price Target Set at Rs 292 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The arithmetic is short. Trailing EPS of Rs 28.63 grown for one year gives a forward EPS estimate of Rs 34.36, and multiplying it by the unchanged PE of 8.49 gives the Rs 292 base-case NLC India stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_NLC_India_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the NLC India Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NLC India grew revenue from Rs 12,546 crore in FY22 to Rs 18,467 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew faster, from Rs 1,115 crore to Rs 3,769 crore (35.6% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>12,545.96<\/td>\n<td>1,115.13<\/td>\n<td>8.05<\/td>\n<td>1.50<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>17,383.22<\/td>\n<td>1,425.13<\/td>\n<td>10.28<\/td>\n<td>3.50<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>13,948.47<\/td>\n<td>1,867.32<\/td>\n<td>13.47<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>16,889.45<\/td>\n<td>2,713.37<\/td>\n<td>18.90<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>18,466.89<\/td>\n<td>3,769.18<\/td>\n<td>25.40<\/td>\n<td>3.85<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 9.3%, close to the four-year average of 10.1%, and net profit moved up 38.9%. EPS rose from Rs 13.47 in FY24 to Rs 25.40 in FY26. The FY27 outlook for the NLC India price target depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NLC India converted 20.4% of FY26 revenue into net profit, against 16.1% in FY25, within a five-year range of 8.2% to 20.4%. EBITDA margin was 40.5% in FY26 versus 38.6% in FY25.<\/p>\n<p>In the September 2026 quarter, revenue was Rs 4,827 crore, up 11.0% from the same quarter a year earlier, while net profit of Rs 1,328 crore was up 83.2%. EBITDA came in at Rs 1,462 crore, down 6.8% year on year. The next quarterly result is the first test of whether the earnings assumption behind the NLC India stock target holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 1.21, and shareholders&#8217; equity grew from Rs 16,374 crore in FY22 to Rs 25,274 crore in FY26. Operating cash flow in FY26 was Rs 5,166 crore against capital expenditure of Rs 7,945 crore, leaving negative free cash flow of Rs 2,779 crore. In FY25 free cash flow was Rs 1,637 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_NLC_India_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the NLC India Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 8.49 against an industry PE of 20.74, NLC India trades at a discount to its industry. Price to book is 1.44 on a book value of Rs 168.76 per share, and return on equity is 16.77%. A PE of 8.49 equals an earnings yield of 11.8%, and the FY26 dividend of Rs 3.85 per share gives a yield of 1.58%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 69.47% of NLC India in September 2026, and promoter holding fell from 72.20% in September 2025 to 69.47% in September 2026. Foreign institutional investors (FII) held 4.61% and domestic institutions (DII) held 13.64%, which puts total institutional holding at 18.25%. FII holding rose from 3.24% in September 2025 to 4.61% in September 2026. Public shareholders own the remaining 12.28%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NLC_India_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>NLC India Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_NLC_India_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term NLC India Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 245.58 on 11 November 2026, NLC India trades below its 50-day simple moving average of Rs 252.67 and below its 200-day exponential moving average of Rs 271.86. The 14-day RSI reads 57.1, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 252.67 (50-day simple moving average) and the nearest support is Rs 222.30 (52-week low). A sustained move above Rs 252.67 would improve the short-term setup, while a close below Rs 222.30 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_NLC_India_Target_Price_for_2027\"><\/span><strong>12 Month NLC India Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target of Rs 292 means a move of 18.9% up from Rs 245.58 over the next 12 months. It would still leave the stock 24.7% below its 52-week high of Rs 387.80. Anyone checking the NLC India share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_NLC_India_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the NLC India Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 6.79<\/th>\n<th>PE 8.49<\/th>\n<th>PE 9.76<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 28.63)<\/td>\n<td>Rs 194<\/td>\n<td>Rs 243<\/td>\n<td>Rs 279<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 34.36)<\/td>\n<td>Rs 233<\/td>\n<td>Rs 292<\/td>\n<td>Rs 335<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 35.79)<\/td>\n<td>Rs 243<\/td>\n<td>Rs 304<\/td>\n<td>Rs 349<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the NLC India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_NLC_India_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for NLC India Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_349\"><\/span><strong>Bull Case Rs 349<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case NLC India price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 35.79, and a PE multiple that rises 15% to 9.76. That gives Rs 349, 42.1% above the current price and below the 52-week high of Rs 387.80.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_194\"><\/span><strong>Downside Risk Level Rs 194<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 28.63 and the PE falls 20% to 6.79. That gives Rs 194, 21.0% below the current price and below the 52-week low of Rs 222.30.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>9.76<\/td>\n<td>Rs 349<\/td>\n<td>+42.1%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>8.49<\/td>\n<td>Rs 292<\/td>\n<td>+18.9%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>6.79<\/td>\n<td>Rs 194<\/td>\n<td>-21.0%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_NLC_India_Target_Price_for_2027\"><\/span><strong>Key Risks to the NLC India Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_NLC_India_Price_Target\"><\/span><strong>Growth Slowdown Risk for the NLC India Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the September 2026 quarter was up 11.0% year on year, and FY26 revenue growth was 9.3%. If growth slows from here, the EPS estimate behind the NLC India stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NLC India has a market capitalisation of Rs 33,695 crore. Institutional holding is 18.25%, and promoters hold 69.47%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 20.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 8.49 versus an industry PE of 20.74, a de-rating toward the downside-risk PE of 6.79 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Technical indicators add short-term risk: the 14-day RSI is 57.1 and the MACD sits above its signal line. A broad fall in the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> or the <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a> can override company fundamentals for weeks at a time. Treat every NLC India share price target as a range of outcomes rather than a single point.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_NLC_India\"><\/span><strong>How to Invest in NLC India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any NLC India share price target is only as current as the data behind it, and the data here is as of 11 November 2026, so refresh the Rs 245.58 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check NLC India&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check NLC India fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three NLC India target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track NLC India live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The NLC India share price target for 2027 is Rs 292 in the base case, with Rs 349 as the bull case. The support for that view is arithmetic you can check: EPS grew 37.3% a year over FY24 to FY26, and the stock trades at a PE of 8.49. The risks are equally concrete, including a valuation that can de-rate if growth disappoints and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework for judging the NLC India price target, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_NLC_India_Share_Price_Target_2027\"><\/span><strong>FAQs on NLC India Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_NLC_India_share_price_target_for_2027\"><\/span><strong>What is the NLC India share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case NLC India share price target for 2027 is Rs 292, which is 18.9% above the price of Rs 245.58 on 11 November 2026. The bull case is Rs 349 and the downside risk level, which is not a target, is Rs 194. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_NLC_India_share_price_today\"><\/span><strong>What is the NLC India share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 11 November 2026, 9:53 AM IST, NLC India (NSE: NLCINDIA) trades at Rs 245.58, up 1.01% on the day. That is 36.7% below the 52-week high of Rs 387.80 and 10.5% above the 52-week low of Rs 222.30. The market capitalisation of Rs 33,695 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_NLC_India_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is NLC India a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data points both ways. On the positive side, EPS has grown 37.3% a year over FY24 to FY26 and the base case implies 18.9% upside; on the cautious side, the stock sits 36.7% below its 52-week high and can de-rate if growth disappoints, and the downside risk level of Rs 194 is 21% below the current price. Whether NLC India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_NLC_India_shares\"><\/span><strong>What are the bull case target and downside risk level for NLC India shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case in the NLC India share price target for 2027 is Rs 349, which assumes 25.0% EPS growth and a PE of 9.76, a 15% re-rating from today&#8217;s multiple. That is 42.1% above the current price and below the 52-week high of Rs 387.80. The downside risk level is Rs 194, which assumes flat EPS and a PE of 6.79, 20% lower than today. It sits 21.0% below the current price and below the 52-week low of Rs 222.30, and it marks a risk to watch, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_NLC_India_price_target\"><\/span><strong>What are the main risks to the NLC India price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Four risks matter most for the NLC India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 33,695 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 6.79 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_NLC_India_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of NLC India and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of NLC India is 8.49, against an industry PE of 20.74, which is a discount to the industry. Price to book is 1.44 and return on equity is 16.77%, and the PE equals an earnings yield of 11.8%. The base case holds the PE unchanged, so the NLC India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_NLC_India_and_what_is_the_promoter_holding\"><\/span><strong>Who owns NLC India, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 69.47% of NLC India in September 2026. FII held 4.61%, DII held 13.64% and the public held 12.28%. Together the two institutional groups hold 18.25%. Shareholding is filed every quarter, so it is worth rechecking after each result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_NLC_Indias_latest_quarterly_results\"><\/span><strong>What were NLC India&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the September 2026 quarter, NLC India reported revenue of Rs 4,827 crore (up 11.0% year on year) and net profit of Rs 1,328 crore (up 83.2%). For comparison, FY26 full-year revenue growth was 9.3% and net profit moved up 38.9%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the NLC India share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case NLC India share price target for 2027 is Rs 292, which is 18.9% above the price of Rs 245.58 on 11 November 2026. The bull case is Rs 349 and the downside risk level, which is not a target, is Rs 194. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.\"}},{\"@type\":\"Question\",\"name\":\"What is the NLC India share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 11 November 2026, 9:53 AM IST, NLC India (NSE: NLCINDIA) trades at Rs 245.58, up 1.01% on the day. That is 36.7% below the 52-week high of Rs 387.80 and 10.5% above the 52-week low of Rs 222.30. The market capitalisation of Rs 33,695 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.\"}},{\"@type\":\"Question\",\"name\":\"Is NLC India a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data points both ways. On the positive side, EPS has grown 37.3% a year over FY24 to FY26 and the base case implies 18.9% upside; on the cautious side, the stock sits 36.7% below its 52-week high and can de-rate if growth disappoints, and the downside risk level of Rs 194 is 21% below the current price. Whether NLC India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"What are the bull case target and downside risk level for NLC India shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The bull case in the NLC India share price target for 2027 is Rs 349, which assumes 25.0% EPS growth and a PE of 9.76, a 15% re-rating from today's multiple. That is 42.1% above the current price and below the 52-week high of Rs 387.80. The downside risk level is Rs 194, which assumes flat EPS and a PE of 6.79, 20% lower than today. It sits 21.0% below the current price and below the 52-week low of Rs 222.30, and it marks a risk to watch, not a target.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks to the NLC India price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Four risks matter most for the NLC India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 33,695 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 6.79 would cut the price even if earnings hold.\"}},{\"@type\":\"Question\",\"name\":\"What is the PE ratio of NLC India and how does it compare with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PE ratio of NLC India is 8.49, against an industry PE of 20.74, which is a discount to the industry. Price to book is 1.44 and return on equity is 16.77%, and the PE equals an earnings yield of 11.8%. The base case holds the PE unchanged, so the NLC India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.\"}},{\"@type\":\"Question\",\"name\":\"Who owns NLC India, and what is the promoter holding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Promoters held 69.47% of NLC India in September 2026. FII held 4.61%, DII held 13.64% and the public held 12.28%. Together the two institutional groups hold 18.25%. Shareholding is filed every quarter, so it is worth rechecking after each result.\"}},{\"@type\":\"Question\",\"name\":\"What were NLC India's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the September 2026 quarter, NLC India reported revenue of Rs 4,827 crore (up 11.0% year on year) and net profit of Rs 1,328 crore (up 83.2%). For comparison, FY26 full-year revenue growth was 9.3% and net profit moved up 38.9%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NLC India share price target 2027: base Rs 292, bull Rs 349, downside risk level Rs 194, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":35,"featured_media":343457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-343458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343457"],"rank_math_title":["NLC India Share Price Target 2027: 18.9% Upside, Bull Rs 349"],"rank_math_description":["The NLC India share price target for 2027 is Rs 292 against a price of Rs 245.58. Bull case, downside risk, earnings trend and risks explained. November 2026."],"rank_math_focus_keyword":["NLC India share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/nlc-india-share-price-target-2027-what-earnings-say-about-rs-292-and-rs-349.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=343458"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343458\/revisions"}],"predecessor-version":[{"id":343459,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343458\/revisions\/343459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/343457"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=343458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=343458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=343458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}