Comparison · NSE · data 2026-11-02
NLC India Limited vs SJVN Limited
In plain words
Size: NLC India Limited is about 1.5 times the market value of SJVN Limited.
Valuation (P/E): SJVN Limited 23 vs NLC India Limited 10.1.
Return on equity: NLC India Limited 17.5% vs SJVN Limited 4.5%.
Profit growth over 3 years: NLC India Limited 36.1% a year vs SJVN Limited -22.1% a year.
Debt to equity: SJVN Limited 2.27 vs NLC India Limited 1.3.
Differences in the numbers, not a recommendation of either stock.
Side by side
| NLCINDIA | SJVN | |
|---|---|---|
| Price | ₹234.39 | ₹57.93 |
| Market cap | ₹31,601 cr | ₹21,001 cr |
| P/E | 10.1 | 23 |
| P/B | — | 1.5 |
| ROE | 17.5% | 4.5% |
| ROCE | 7.3% | 5.8% |
| Debt / equity | 1.3 | 2.27 |
| Operating margin | 19.7% | 48.2% |
| Dividend yield | 1.69% | 2.81% |
| Sales growth, 3 years (yearly) | 2.7% | 15.5% |
| Profit growth, 3 years (yearly) | 36.1% | -22.1% |
| 1-year return | -10.7% | -34.4% |
| Revenue, last 12 months | ₹18,381 cr | ₹6,217 cr |
| Net profit, last 12 months | ₹3,209 cr | ₹989 cr |
| Latest quarter | Jun 2026 | Sept 2026 |
| Quarter net profit | ₹436 cr | ₹657 cr |
| Quarter profit vs a year earlier | -45.3% | +113.5% |
| Promoter holding | 69.47% | 81.85% |
| Health check | Average (5.4/10) | Average (4.1/10) |
Common questions
Which has a higher P/E, NLC India Limited or SJVN Limited?
SJVN Limited trades at the higher P/E (23 against 10.1). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
NLC India Limited (17.5% against 4.5%).
Which carries more debt?
SJVN Limited has the higher debt-to-equity ratio (2.27 against 1.3).