NMDC Steel Ltd
National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.[1]
- Market Cap ₹ 17,478 Cr.
- Current Price ₹ 59.6
- High / Low ₹ 73.7 / 39.2
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -8.69 %
- ROE -9.59 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -6.29% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 3,049 | |
| 0 | 0 | 0 | 0 | 4,486 | |
| Operating Profit | -0 | -0 | -0 | 0 | -1,437 |
| OPM % | -47% | ||||
| 0 | 0 | 0 | 0 | 119 | |
| Interest | 0 | 0 | 0 | 0 | 331 |
| Depreciation | 0 | 0 | 0 | 0 | 553 |
| Profit before tax | -0 | -0 | -0 | 0 | -2,201 |
| Tax % | 0% | 0% | 0% | 29% | |
| -0 | -0 | -0 | 0 | -1,560 | |
| EPS in Rs | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| 1 Year: | 39% |
| Return on Equity | |
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| 3 Years: | -6% |
| Last Year: | -10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 2,931 | 2,931 |
| Reserves | -0 | -0 | -0 | 14,118 | 12,558 |
| 0 | 0 | 0 | 3,842 | 6,662 | |
| 0 | 0 | 0 | 4,678 | 7,218 | |
| Total Liabilities | 0 | 0 | 0 | 25,568 | 29,368 |
| 0 | 0 | 0 | 1,118 | 20,273 | |
| CWIP | 0 | 0 | 0 | 19,545 | 1,215 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 4,904 | 7,881 | |
| Total Assets | 0 | 0 | 0 | 25,568 | 29,368 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -0 | -0 | -0 | 1,516 | -2,733 | |
| 0 | 0 | 0 | -2,189 | -690 | |
| 0 | 0 | 0 | 1,293 | 2,808 | |
| Net Cash Flow | -0 | -0 | 0 | 620 | -614 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 4 | ||||
| Inventory Days | 420 | ||||
| Days Payable | 284 | ||||
| Cash Conversion Cycle | 141 | ||||
| Working Capital Days | 194 | ||||
| ROCE % | -200% | -50% | 0% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
6 Jun - ICRA Ltd. vide report dated 03.06.2024 has downgraded the long-term rating for Non-Convertible Debentures (NCDs) of NMDC Steel Ltd. Detailed announcement is attached.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance Report for the financial year 2023-24 is attached.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper Publication in respect of Audited Financial Results for the quarter ended 31.03.2024.
- NMDC To Act As Distributor / Stockist For NMDC Steel Ltd. 28 May
- Outcome Of Board Meeting - Audited Financial Results For The Quarter & Financial Year Ended 31St March 2024 And Other Disclosures. 27 May
Product Portfolio[1]
The product mix of consists of low carbon steel, HSLA & Dual Phase Steel, and API quality steel that can be rolled into thickness range from 1mm to 16 mm. With its capability to roll 1650mm wide HR, the Thin Slab caster at Nagarnar Steel Plant is the widest Mill in the public sector.