NLC India Share Price Target 2027: What Earnings Say About Rs 292 and Rs 349

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.

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.

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NLC India Stock Analysis: Company Overview and Key Stats

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.

Metric	Value
Company	NLC India
NSE Ticker	NLCINDIA
CMP (11 November 2026)	Rs 245.58
52-Week High	Rs 387.80
52-Week Low	Rs 222.30
Market Cap	Rs 33,695 crore
PE Ratio (TTM)	8.49
Industry PE	20.74
Price to Book	1.44
Return on Equity	16.77%
Debt to Equity	1.21
EPS (TTM)	Rs 28.63
Dividend Yield	1.58%
12-Month Base Target	Rs 292
Bull Case	Rs 349
Downside Risk Level (not a target)	Rs 194

Why Is NLC India Share Price Target Set at Rs 292 for 2027?

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.

Earnings Growth Behind the NLC India Target Price: Five Years of Results

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.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	12,545.96	1,115.13	8.05	1.50
FY23	17,383.22	1,425.13	10.28	3.50
FY24	13,948.47	1,867.32	13.47	3.00
FY25	16,889.45	2,713.37	18.90	3.00
FY26	18,466.89	3,769.18	25.40	3.85

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.

Margins and the Latest Quarter

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.

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.

Balance Sheet and Cash Flow

Debt to equity stands at 1.21, and shareholders' 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.

Valuation Check for the NLC India Stock Target: PE, Price to Book and ROE

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%.

Shareholding Pattern and Institutional Holding

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.

NLC India Share Price Targets for the Short Term and 12 Months

Short Term NLC India Stock Target Levels: Technical Setup

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.

12 Month NLC India Target Price for 2027

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.

How EPS Growth and PE Multiple Change the NLC India Target Price

EPS Growth	PE 6.79	PE 8.49	PE 9.76
0.0% (EPS Rs 28.63)	Rs 194	Rs 243	Rs 279
20.0% (EPS Rs 34.36)	Rs 233	Rs 292	Rs 335
25.0% (EPS Rs 35.79)	Rs 243	Rs 304	Rs 349

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.

Bull Case and Downside Risk for NLC India Stock Target in 2027

Bull Case Rs 349

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.

Downside Risk Level Rs 194

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.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	9.76	Rs 349	+42.1%
Base Case	20.0%	8.49	Rs 292	+18.9%
Downside Risk	0.0%	6.79	Rs 194	-21.0%

Key Risks to the NLC India Target Price for 2027

Growth Slowdown Risk for the NLC India Price Target

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.

Liquidity and Size Risk

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.

Valuation and Margin Risk

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.

Market and Technical Risk

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 Nifty 50 or the Sensex 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.

How to Invest in NLC India

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.

Next, review the fundamentals yourself. The Univest Screener lets you check NLC India's PE, ROE, debt and shareholding in one place.

Check NLC India fundamentals on the Univest Screener

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.

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.

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.

Download the Univest iOS App or Univest Android App to track NLC India live price and get daily stock recommendations.

Conclusion

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.

FAQs on NLC India Share Price Target 2027

What is the NLC India share price target for 2027?

Ans. 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.

What is the NLC India share price today?

Ans. 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.

Is NLC India a buy or sell at the current price?

Ans. 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.

What are the bull case target and downside risk level for NLC India shares?

Ans. 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.

What are the main risks to the NLC India price target?

Ans. 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.

What is the PE ratio of NLC India and how does it compare with the industry?

Ans. 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%.

Who owns NLC India, and what is the promoter holding?

Ans. 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.

What were NLC India's latest quarterly results?

Ans. 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.