sharesgurusharesguru
  • Stocks
  • Ai Screener
  • Sectors
  • Watchlist
LoginSign Up
sharesguru
  • Home
  • Stocks
  • Ai Screener
  • Sectors
  • Watchlist
  • Profile
  • Contact Us
LoginSign Up
sharesguru

Discover the joy of investing.

All the financial data and tools you need, at one place.

Navigation

  • Home
  • Stocks
  • Sectors

Tools

  • Ai Screener
  • Watchlists

Company

  • Contact

Legal

  • Privacy Policy
  • Terms of Service
Copyright © 2025 Knowtilus Technologies Pvt. Ltd.
SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
NLCINDIA logo

NLCINDIA - NLC India Limited Share Price

Power

₹260.05-2.35(-0.90%)
Market Closed as of Feb 27, 2026, 15:30 IST

Valuation

Market Cap36.74 kCr
Price/Earnings (Trailing)13.33
Price/Sales (Trailing)2.13
EV/EBITDA10.77
Price/Free Cashflow22.35
MarketCap/EBT16.8
Enterprise Value60.66 kCr

Fundamentals

Revenue (TTM)17.24 kCr
Rev. Growth (Yr)-1.9%
Earnings (TTM)2.76 kCr
Earnings Growth (Yr)4%

Profitability

Operating Margin13%
EBT Margin13%
Return on Equity11.84%
Return on Assets4.52%
Free Cashflow Yield4.47%

Growth & Returns

Price Change 1W2.2%
Price Change 1M6.6%
Price Change 6M12.9%
Price Change 1Y16.2%
3Y Cumulative Return48.1%
5Y Cumulative Return38.4%
7Y Cumulative Return22.4%
10Y Cumulative Return13.8%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-7.16 kCr
Cash Flow from Operations (TTM)8.98 kCr
Cash Flow from Financing (TTM)-2.2 kCr
Cash & Equivalents405.63 Cr
Free Cash Flow (TTM)1.64 kCr
Free Cash Flow/Share (TTM)11.81

Balance Sheet

Total Assets60.94 kCr
Total Liabilities37.66 kCr
Shareholder Equity23.28 kCr
Current Assets7.62 kCr
Current Liabilities9.39 kCr
Net PPE30.21 kCr
Inventory1.94 kCr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.4
Debt/Equity1.05
Interest Coverage0.85
Interest/Cashflow Ops9.63

Dividend & Shareholder Returns

Dividend/Share (TTM)5.1
Dividend Yield1.92%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.00%
Pros

Balance Sheet: Reasonably good balance sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Momentum: Stock price has a strong positive momentum. Stock is up 6.6% in last 30 days.

Past Returns: Outperforming stock! In past three years, the stock has provided 48.1% return compared to 12.8% by NIFTY 50.

Size: Market Cap wise it is among the top 20% companies of india.

Profitability: Very strong Profitability. One year profit margin are 16%.

Smart Money: Smart money has been increasing their position in the stock.

Cons

No major cons observed.

Pros

Balance Sheet: Reasonably good balance sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Momentum: Stock price has a strong positive momentum. Stock is up 6.6% in last 30 days.

Past Returns: Outperforming stock! In past three years, the stock has provided 48.1% return compared to 12.8% by NIFTY 50.

Size: Market Cap wise it is among the top 20% companies of india.

Profitability: Very strong Profitability. One year profit margin are 16%.

Smart Money: Smart money has been increasing their position in the stock.

Cons

No major cons observed.

Investor Care

Dividend Yield1.92%
Dividend/Share (TTM)5.1
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)19.88

Financial Health

Current Ratio0.81
Debt/Equity1.05

Technical Indicators

RSI (14d)64.9
RSI (5d)66.19
RSI (21d)57.89
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 Signal

Latest News and Updates from NLC India

Updated May 4, 2025

The Bad News

The Financial Express

The stock has experienced a decline of 6.28% over the past month, raising concerns among investors.

The Financial Express

Technical indicators reveal a declining trend across multiple time frames for NLC India's stock.

The Financial Express

NLC India's share price has fluctuated significantly, showing a low of ₹185.85 and a high of ₹311.65 over the past year.

The Good News

The Financial Express

Summary of Latest Earnings Report from NLC India

Summary of NLC India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Share Holdings

Understand NLC India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
PRESIDENT OF INDIA72.2%
NIPPON LIFE INDIA TRUSTEE LTD (Under different sub accounts)6.05%
KOTAK MAHINDRA TRUSTEE CO LTD (Under different sub accounts)2.19%
STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNADU LTD1.94%
SBI LIFE INSURANCE CO. LTD1.84%
LIFE INSURANCE CORPORATION OF INDIA and LIFE INSUREANCE CORPORATION OF INDIA P & GS FUND1.83%

Is NLC India Better than it's peers?

Detailed comparison of NLC India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
NTPCNTPC3.62 LCr1.9 LCr+10.10%+14.70%14.951.9--
POWERGRIDPOWER GRID Corp OF INDIA2.78 LCr48.3 kCr

Sector Comparison: NLCINDIA vs Power

Comprehensive comparison against sector averages

Comparative Metrics

NLCINDIA metrics compared to Power

CategoryNLCINDIAPower
PE13.3320.17
PS2.132.81
Growth1.8 %5.3 %
0% metrics above sector average
Key Insights
  • 1. NLCINDIA is among the Top 5 Power Generation companies by market cap.
  • 2. The company holds a market share of 5.9% in Power Generation.
  • 3. In last one year, the company has had a below average growth that other Power Generation companies.

What does NLC India Limited do?

Power Generation•Power•Mid Cap

NLC India is a prominent power generation company in India, operating under the stock ticker NLCINDIA.

With a market capitalization of Rs. 32,968.8 Crores, NLC India Limited is engaged in both mining and power generation. The company specializes in the extraction of lignite and coal, utilizing these resources to generate electricity. Additionally, NLC India has expanded its portfolio to include renewable energy sources, operating solar and wind power plants.

The company's mining operations are primarily based in Tamil Nadu and Rajasthan, with an impressive mining capacity of 30.1 million tonnes per annum. Beyond mining and power generation, NLC India also provides consultancy services to the mining industry and businesses in the solar power sector.

The company serves a diverse clientele, offering energy and auxiliary services to state distribution firms, commercial enterprises, and industrial consumers. Originally named Neyveli Lignite Corporation Limited, it rebranded to NLC India Limited in April 2016. Established in 1956, the company is headquartered in Neyveli, India.

In terms of financial performance, NLC India reported a trailing 12-month revenue of Rs. 16,943.1 Crores and achieved a profit of Rs. 2,359.1 Crores over the past four quarters. The company has demonstrated robust growth, achieving a 31% increase in revenue over the past three years. Investors benefit from its dividends, with a yield of 1.89% and a distribution of Rs. 4.5 per share in the last year.

Industry Group:Power
Employees:10,368
Website:www.nlcindia.in

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Buy
SMA 20 SignalBuy
SMA 50 SignalBuy
SMA 100 SignalBuy
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.
Latest reported: 2.1
Latest reported: 17.2 kCr
Latest reported: 2.8 kCr

Performance Comparison

NLCINDIA vs Power (2021 - 2026)

NLCINDIA leads the Power sector while registering a 15.6% growth compared to the previous year.

NLC India has a strong long-term performance, with a significant increase of 409.73% over the past five years.

Mint

The company operates a diversified energy portfolio, combining lignite-based and renewable energy sources.

Mint

NLC India's operational capacity includes five thermal power stations exceeding 3,640 megawatts.

Updates from NLC India

Credit Rating • 21 Feb 2026
Please refer Attachment
General • 20 Feb 2026
Issuance of Commercial Paper
Earnings Call Transcript • 16 Feb 2026
Please refer the attachment.
Press Release / Media Release • 14 Feb 2026
Please refer the attachment.
Press Release / Media Release • 14 Feb 2026
Please refer the attachment.
Newspaper Publication • 11 Feb 2026
Please refer the attachment.

This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.

TAMILNADU INDUSTRIAL DEVELOPMENT CORPORATION LTD1.08%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

+16.90%
+12.50%
17.9
5.76
-
-
COALINDIACoal India2.61 LCr1.49 LCr+2.30%+15.10%8.741.75--
NHPCNHPC74.81 kCr12.24 kCr-2.20%-6.70%23.646.11--
SJVNSJVN29.59 kCr3.72 kCr+5.50%-19.80%46.777.95--

Income Statement for NLC India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations17.6%15,28312,99916,16511,9489,84610,321
Other Income69.7%1,6069471,2185981,9521,272
Total Income21.1%16,88913,94617,38312,54611,79811,593
Cost of Materials29.7%2,2621,7442,2001,1771,5631,534
Employee Expense13.6%3,0762,7082,5792,6902,7552,875
Finance costs9.8%9328491,0129841,3131,174
Depreciation and Amortization3.2%1,8841,8251,8011,9091,5841,334
Other expenses0.6%5,2815,2515,3393,4422,7762,383
Total Expenses9.2%13,25912,13813,13610,6789,9369,382
Profit Before exceptional items and Tax100.8%3,6311,8094,2471,8681,8622,211
Exceptional items before tax-00-12.32390-70.82-3.44
Total profit before tax100.8%3,6311,8094,2352,2581,7912,208
Current tax7%1,1901,1124421,172318124
Deferred tax-111.4%-206.81-97.32189316592769
Total tax-3%9841,0146311,488909893
Total profit (loss) for period45.3%2,7141,8681,4261,1161,3451,453
Other comp. income net of taxes-91.8%-13.79-6.71-0.022834-125.36
Total Comprehensive Income45.1%2,7001,8611,4261,1441,3791,328
Earnings Per Share, Basic48.9%19.5713.4710.288.059.710.48
Earnings Per Share, Diluted48.9%19.5713.4710.288.059.710.48
Debt equity ratio-0.2%0.0120.01350.01470.01570.01950.0213
Debt service coverage ratio0.3%0.02630.02370.01850.01350.0130.0178
Interest service coverage ratio0.5%0.06990.06540.04820.05190.03920.0413
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations6.3%4,4434,1783,8263,8364,4113,657
Other Income117.4%364168290136486713
Total Income10.6%4,8074,3474,1163,9724,8984,370
Cost of Materials-5.7%778825776514521777
Employee Expense14.7%7056155791,094659695
Finance costs-6.9%269289299325237180
Depreciation and Amortization9%597548539581458413
Other expenses-9.3%1,3161,4511,2831,6211,4161,200
Total Expenses5.9%3,8293,6163,7293,8803,2793,173
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations-2.2%10,28610,51912,9559,8567,2507,916
Other Income37.6%1,2018731,2418061,7171,217
Total Income0.8%11,48711,39214,19610,6628,9679,133
Employee Expense13.2%2,9972,6472,5262,6242,6882,805
Finance costs-12.6%562643756784981820
Depreciation and Amortization

Balance Sheet for NLC India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents117.7%40618741456534477
Loans, current10.5%22202122226.02
Total current financial assets-15.2%3,8644,5596,0696,0246,8377,601
Inventories1.6%1,9441,9131,6081,4841,2101,183
Current tax assets-51.3%74151217279148269
Total current assets-5%7,6198,0218,9769,2798,9519,780
Property, plant and equipment-0.9%30,20530,48622,51423,16223,17323,879
Capital work-in-progress16.8%17,86515,29720,79417,72616,18114,636
Non-current investments1.8%8.218.087.97.847.647.59
Loans, non-current46%139.2215161635
Total non-current financial assets-13.5%6527547761,0339821,005
Total non-current assets6.3%52,44649,31746,18343,81542,39241,493
Total assets5.3%60,94357,85156,25454,94253,01553,068
Borrowings, non-current18.5%21,90618,49119,77119,22618,86818,498
Total non-current financial liabilities18.1%22,50419,05220,40119,93720,06220,187
Provisions, non-current0%16116115915900
Total non-current liabilities12.6%27,04524,00925,08524,61024,54024,228
Borrowings, current-37.9%2,4223,9012,7153,1542,9133,808
Total current financial liabilities-17.6%6,0787,3805,9165,6965,5565,959
Provisions, current4.2%1,2751,224618515449456
Total current liabilities-12.3%9,39410,7078,4848,0496,8257,240
Total liabilities4.9%37,66435,90735,45335,57633,94335,442
Equity share capital0%1,3871,3871,3871,3871,3871,387
Non controlling interest2.8%3,3133,2223,0302,8352,5812,457
Total equity6.1%23,27921,94520,80119,36619,07217,626
Total equity and liabilities5.3%60,94357,85156,25454,94253,01553,068
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents140.1%39016340755433071
Loans, current-9.8%644714478171214.83
Total current financial assets-8.1%3,2103,4924,7675,3856,1436,757
Inventories-1.1%1,3551,3701,1241,048801834
Current tax assets-53.4%63134221274120246
Total current assets-0.9%6,1946,2537,0827,4427,6758,421
Property, plant and equipment0.6%17,55317,45317,43217,90718,05618,556
Capital work-in-progress

Cash Flow for NLC India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs9.8%932849902984--
Change in inventories-100.3%0388-947.48-160.51--
Depreciation3.2%1,8841,8251,8011,909--
Adjustments for interest income-101.1%095458117--
Net Cashflows from Operations54.5%9,5996,2143,9278,291--
Interest received--109.15000--
Income taxes paid (refund)-0.3%610612159871--
Other inflows (outflows) of cash361.9%9822-6.58349--
Net Cashflows From Operating Activities59.6%8,9775,6243,7617,770--
Proceeds from sales of PPE545.5%7212503.27--
Purchase of property, plant and equipment125.3%7,3403,2592,603917--
Purchase of investment property-1.4000--
Interest received13.5%11097465144--
Net Cashflows From Investing Activities-127.2%-7,159.56-3,151.26-2,088.61-762.62--
Proceeds from issuing shares-15.6%319378253306--
Proceeds from borrowings-83.6%13742470--
Repayments of borrowings-0005,172--
Payments of lease liabilities-77.1%5.57212.620--
Dividends paid-11.7%440498428457--
Interest paid8.6%2,0821,9181,8040--
Income taxes paid (refund)-0001,702--
Net Cashflows from Financing Activities-10.6%-2,196.07-1,985.08-1,734.67-7,024.95--
Net change in cash and cash eq.-178.1%-378.51487-61.93-17.93--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-12.6%562643670784--
Change in inventories-46.5%5751,073-336.78-238.88--
Depreciation-5.1%1,3681,4421,4201,528--
Dividend income83%19510797331--
Adjustments for interest income53.3%1429338944--
Net Cashflows from Operations2.3%5,9565,8223,4906,614--
Income taxes paid (refund)-29.2%4095775.21802--
Other inflows (outflows) of cash

Sharesguru Stock Score

NLCINDIA

64/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Profit Before exceptional items and Tax
33.8%
978
731
387
91
1,619
1,197
Total profit before tax33.8%978731387911,6191,197
Current tax-4.8%239251179443210268
Deferred tax-119.1%-119.97-54.2-424.590.66-76.14-117.47
Total tax-39.8%119197-245.55444134151
Total profit (loss) for period-0.1%724725839468696982
Other comp. income net of taxes279.9%8.5-3.17-9.227.742.35-3.12
Total Comprehensive Income1.5%733722830476698979
Earnings Per Share, Basic-0.2%5.225.236.053.389.757.71
Earnings Per Share, Diluted-0.2%5.225.236.053.389.757.71
Debt equity ratio0%0.01240.01220.01190.0120.0122-
Debt service coverage ratio1%0.02570.01590.01130.02810.0282-
Interest service coverage ratio0.3%0.06340.06080.04790.05590.0644-
-5.1%
1,368
1,442
1,420
1,528
1,204
958
Other expenses1.3%5,0825,0155,1973,3062,6622,255
Total Expenses2.6%9,8049,55710,1678,7197,4816,921
Profit Before exceptional items and Tax-8.3%1,6831,8354,0291,9431,4852,212
Exceptional items before tax-00-12.32390-46.79-3.44
Total profit before tax-8.3%1,6831,8354,0172,3331,4392,209
Current tax-5.7%1,0001,0603651,115218104
Deferred tax63.8%-42.17-118.26111255493687
Total tax1.8%9589414761,370712791
Total profit (loss) for period2.9%1,9001,8471,2481,2371,0421,414
Other comp. income net of taxes-90.7%-12.73-6.2-0.022732-125.36
Total Comprehensive Income2.6%1,8871,8401,2481,2641,0741,288
Earnings Per Share, Basic3.1%13.713.3298.927.5110.2
Earnings Per Share, Diluted3.1%13.713.3298.927.5110.2
Debt equity ratio-0.1%043050640750.01110.0134
Debt service coverage ratio0.4%0.03320.02970.02080.01470.01250.0181
Interest service coverage ratio1%0.08510.07580.05180.05780.04020.0486
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations12.5%2,8852,5652,4962,7232,7752,139
Other Income51.5%363240284376219346
Total Income15.8%3,2482,8042,7803,0992,9932,485
Employee Expense14.1%6735905581,065639679
Finance costs7.4%132123131135136143
Depreciation and Amortization8%378350342379329317
Other expenses-10.6%1,2201,3641,2151,5231,3691,171
Total Expenses10.3%2,5552,3172,4612,8552,5042,203
Profit Before exceptional items and Tax42.1%693488319244489283
Exceptional items before tax-100.5%01940000
Total profit before tax1.6%693682319244489283
Current tax22.3%253207163429161158
Deferred tax-830.8%-107.9-10.7-2.68-17.29-12.724.86
Total tax-26.2%145196161412148163
Total profit (loss) for period-11.8%428485368656408339
Other comp. income net of taxes275.9%7.86-2.9-8.517.212.14-2.89
Total Comprehensive Income-9.8%436483360663411336
Earnings Per Share, Basic-58.4%3.096.022.664.732.581.38
Earnings Per Share, Diluted-58.4%3.096.022.664.732.581.38
Debt equity ratio0%05047042043043-
Debt service coverage ratio0.1%0.0340.03330.0110.08010.0368-
Interest service coverage ratio-1.3%0.08210.09410.07630.11730.0753-
25%
5,400
4,320
3,294
1,923
1,377
1,012
Non-current investments0%5,0925,0924,7654,6404,3154,196
Loans, non-current60.6%127.8514141534
Total non-current financial assets-0.7%5,7225,7625,4415,5165,2565,105
Total non-current assets4.9%30,97229,52827,70726,85626,12126,013
Total assets4.8%38,02636,28135,13935,15334,53435,212
Borrowings, non-current30.6%6,5415,0077,0697,0557,3457,817
Total non-current financial liabilities30.3%6,8905,2877,4097,4037,7598,492
Provisions, non-current0%15315315115100
Total non-current liabilities16.4%11,72410,07411,87911,74311,86812,189
Borrowings, current-22.7%1,9472,5183419139831,531
Total current financial liabilities-10.6%3,9424,4112,0332,2133,0743,329
Provisions, current4.5%1,2641,210603498428434
Current tax liabilities-00-00-
Total current liabilities-7.3%7,1177,6794,7764,4994,2794,553
Total liabilities5.9%19,92718,81618,54019,15918,72420,573
Equity share capital0%1,3871,3871,3871,3871,3871,387
Total equity3.6%18,09917,46516,59915,99415,81014,639
Total equity and liabilities4.8%38,02636,28135,13935,15334,53435,212
361.9%
98
22
-6.27
273
-
-
Net Cashflows From Operating Activities7.2%5,6455,2663,4796,086--
Proceeds from sales of PPE596.9%619.61115.38--
Purchase of property, plant and equipment96.6%4,0062,0381,784216--
Dividends received83%19510797331--
Interest received49.5%1439639468--
Net Cashflows From Investing Activities-78.9%-4,059.31-2,269.21-1,544.48-122.78--
Proceeds from borrowings67.8%-443.8-1,379.57-890.69-4,810.64--
Payments of lease liabilities-77.7%5.46212.540--
Dividends paid-14.3%416485416416--
Interest paid-10.2%565629677765--
Other inflows (outflows) of cash--545.48000--
Net Cashflows from Financing Activities21.4%-1,976.07-2,514.33-1,986.72-5,991.8--
Net change in cash and cash eq.-181.2%-390.34483-52.33-28.84--
Analyst / Investor Meet • 10 Feb 2026
Please refer the attachment.

Revenue Breakdown

Analysis of NLC India's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Dec 31, 2025

DescriptionShareValue
Power Generation63.9%3.9 kCr
Mining36.1%2.2 kCr
Total6.1 kCr
Sharesguru Stock Score

NLCINDIA

64/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years