NMDC Ltd

₹ 88.0 -4.65%

29 May - close price

About

NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.(Source : 202003 Annual Report Page No:119)

Key Points

Business Overview: ^[1]^[2]^[3]
NMDC is a fully government-
owned entity under the Ministry
of Steel which specializes in the
exploration of minerals including
copper, rock phosphate, limestone,
magnesite, diamond, and tungsten,
and produces a variety of products,
including high-grade iron ore with
64% Fe content, diamonds,
iron ore pellets, etc.

Website BSE NSE

Market Cap ₹ 77,359 Cr.
Current Price ₹ 88.0
High / Low ₹ 94.2 / 66.8
Stock P/E 10.4
Book Value ₹ 38.5
Dividend Yield 3.75 %
ROCE 27.7 %
ROE 23.4 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter
Company has a good return on equity (ROE) track record: 3 Years ROE 24.0%
Company has been maintaining a healthy dividend payout of 31.0%

Cons

Working capital days have increased from 44.3 days to 68.5 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Metals & Mining Minerals & Mining Industrial Minerals

Part of BSE 500 BSE 200 BSE Dollex 200 BSE PSU Nifty 500 BSE Metal Nifty Midcap 100 Nifty Midcap 50 Nifty PSE Nifty Metal Nifty 200 Nifty Commodities Nifty Dividend Opportunities 50 BSE CPSE BSE Commodities BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty Midcap150 Quality 50 Nifty Total Market Nifty500 Value 50 BSE 200 Equal Weight Nifty Midsmallcap400 Momentum Quality 100 Nifty200 Value 30 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted Nifty500 Quality 50 BSE 1000 BSE 500 Dividend Leaders 50 Nifty India FPI 150

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	5,851	5,395	4,014	5,410	6,475	5,378	4,807	6,531	6,953	6,634	6,261	7,486	11,173
	3,686	3,399	2,821	3,380	4,339	3,017	3,366	4,122	4,905	4,155	4,257	5,337	8,529
Operating Profit	2,165	1,996	1,193	2,030	2,137	2,361	1,440	2,409	2,048	2,479	2,004	2,148	2,644
OPM %	37%	37%	30%	38%	33%	44%	30%	37%	29%	37%	32%	29%	24%
	1,225	281	320	84	387	364	360	374	491	298	381	356	428
Interest	12	6	19	32	21	23	29	61	65	27	8	35	51
Depreciation	93	69	89	82	97	74	84	92	123	105	107	104	145
Profit before tax	3,286	2,201	1,407	2,000	2,405	2,628	1,687	2,630	2,351	2,644	2,270	2,366	2,875
Tax %	31%	25%	27%	25%	39%	25%	25%	26%	36%	26%	25%	27%	30%
	2,277	1,650	1,028	1,492	1,462	1,984	1,269	1,944	1,496	1,969	1,694	1,738	2,020
EPS in Rs	2.59	1.88	1.17	1.70	1.66	2.26	1.44	2.21	1.70	2.24	1.93	1.98	2.30
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12,356	6,456	8,828	11,615	12,153	11,699	15,370	25,965	17,667	21,294	23,668	31,554
	4,580	3,762	5,226	5,806	5,222	5,688	6,573	13,332	11,603	13,938	15,409	22,278
Operating Profit	7,776	2,694	3,602	5,809	6,930	6,011	8,797	12,633	6,064	7,356	8,259	9,275
OPM %	63%	42%	41%	50%	57%	51%	57%	49%	34%	35%	35%	29%
	2,154	1,681	908	664	587	416	349	716	1,983	1,071	1,588	1,462
Interest	0	66	21	37	40	10	17	39	75	78	178	121
Depreciation	162	217	196	256	279	294	228	287	335	337	373	461
Profit before tax	9,768	4,092	4,293	6,179	7,199	6,123	8,902	13,023	7,637	8,012	9,297	10,155
Tax %	34%	34%	40%	38%	36%	41%	30%	27%	28%	30%	28%	27%
	6,422	2,712	2,589	3,806	4,642	3,610	6,253	9,448	5,529	5,632	6,693	7,421
EPS in Rs	5.40	2.28	2.73	4.01	5.05	3.93	7.11	10.75	6.29	6.41	7.61	8.44
Dividend Payout %	53%	161%	63%	36%	36%	45%	36%	46%	35%	38%	43%	12%

Compounded Sales Growth
10 Years:	17%
5 Years:	15%
3 Years:	21%
TTM:	33%

Compounded Profit Growth
10 Years:	10%
5 Years:	4%
3 Years:	17%
TTM:	11%

Stock Price CAGR
10 Years:	15%
5 Years:	13%
3 Years:	35%
1 Year:	24%

Return on Equity
10 Years:	21%
5 Years:	27%
3 Years:	24%
Last Year:	23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	396	396	316	316	306	306	293	293	293	293	879	879
Reserves	31,935	28,721	22,203	24,037	25,645	27,228	29,463	17,582	22,039	25,113	28,700	32,956
	0	1,497	0	500	364	566	2,000	1,801	2,127	3,359	4,276	6,406
	2,138	2,057	3,183	3,755	3,466	3,044	5,029	5,078	5,187	6,585	6,973	7,777
Total Liabilities	34,470	32,671	25,702	28,609	29,782	31,144	36,785	24,754	29,647	35,349	40,828	48,019
	1,334	1,918	1,953	2,672	2,721	3,017	3,118	2,834	3,014	3,163	4,802	5,581
CWIP	7,710	9,723	11,831	12,520	13,792	15,501	17,128	1,304	1,968	3,235	4,737	6,749
Investments	562	695	727	786	939	986	985	987	887	992	1,115	1,420
	24,864	20,335	11,191	12,631	12,330	11,640	15,553	19,628	23,778	27,960	30,173	34,269
Total Assets	34,470	32,671	25,702	28,609	29,782	31,144	36,785	24,754	29,647	35,349	40,828	48,019

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	4,007	1,862	2,133	3,381	3,952	2,053	7,330	6,914	1,752	7,439	1,577
	-530	4,276	5,152	-1,869	-739	-277	-4,392	-3,174	310	-6,197	705
	-3,449	-6,291	-7,249	-1,557	-3,201	-1,753	-2,591	-4,061	-2,068	-1,302	-2,224
Net Cash Flow	28	-154	36	-44	12	23	348	-321	-5	-59	58
Free Cash Flow	1,361	-1,070	-181	1,329	1,955	-346	5,732	5,730	501	5,606	-1,217
CFO/OP	91%	132%	103%	99%	95%	72%	112%	89%	63%	126%	49%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	52	45	43	46	43	69	51	42	90	60	119	106
Inventory Days												170
Days Payable												26
Cash Conversion Cycle	52	45	43	46	43	69	51	42	90	60	119	251
Working Capital Days	102	45	4	-4	9	53	-16	30	94	9	56	68
ROCE %	32%	14%	16%	26%	28%	23%	30%	51%	29%	31%	30%	28%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

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Mar 2023

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Mar 2025

Iron Ore Mining Capacity
MTPA

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Iron Ore Production
Lakh Tonnes

Iron Ore Sales
Lakh Tonnes

Steel Production (NSL)
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%
	6.99%	8.32%	9.91%	12.60%	12.76%	12.60%	12.12%	11.72%	12.21%	13.04%	13.48%	13.60%
	18.00%	17.73%	17.33%	14.09%	14.31%	14.08%	14.46%	15.12%	14.48%	14.38%	14.06%	13.76%
	14.20%	13.16%	11.96%	12.51%	12.12%	12.52%	12.62%	12.35%	12.51%	11.76%	11.66%	11.84%
No. of Shareholders	7,37,733	7,39,395	7,49,330	8,57,003	8,93,897	9,68,552	10,49,959	11,20,681	11,42,938	11,20,444	11,15,697	11,30,914

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.94%	72.43%	72.28%	69.65%	68.29%	60.79%	60.79%	60.79%	60.79%	60.79%
	4.86%	4.16%	3.94%	6.03%	4.63%	6.88%	7.33%	12.60%	11.72%	13.60%
	16.73%	18.79%	18.84%	19.96%	20.67%	21.81%	19.39%	14.09%	15.12%	13.76%
	0.00%	0.00%	0.10%	0.10%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
	3.47%	4.62%	4.85%	4.27%	6.31%	10.51%	12.47%	12.51%	12.35%	11.84%
No. of Shareholders	2,16,538	2,44,053	2,45,395	2,41,177	3,15,659	6,12,387	7,13,832	8,57,003	11,20,681	11,30,914

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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