NMDC Ltd

NMDC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NMDC Ltd

₹ 109 0.00%
06 Jun 2:44 p.m.
nmdc.co.in BSE: 526371 NSE : NMDC
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

A Navratna company[1]
National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies.

Website BSE NSE
  • Market Cap ₹ 31,944 Cr.
  • Current Price ₹ 109
  • High / Low ₹ 132 / 77.1
  • Stock P/E 6.86
  • Book Value ₹ 76.2
  • Dividend Yield 13.5 %
  • ROCE 21.2 %
  • ROE 16.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 8.75% over past five years.
  • Earnings include an other income of Rs.1,984 Cr.
  • Promoter holding has decreased over last 3 years: -8.86%
  • Working capital days have increased from 53.2 days to 102 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

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
3,187 1,938 2,230 4,355 6,848 6,512 6,794 5,874 6,785 4,767 3,328 3,720 5,851
1,696 1,183 1,200 1,587 2,605 2,335 3,679 3,261 4,059 2,867 2,474 2,577 3,686
Operating Profit 1,492 754 1,030 2,768 4,242 4,178 3,115 2,612 2,726 1,900 854 1,143 2,165
OPM % 47% 39% 46% 64% 62% 64% 46% 44% 40% 40% 26% 31% 37%
37 72 88 105 87 144 89 153 332 146 426 188 1,225
Interest -21 9 2 2 4 3 2 9 25 15 18 30 12
Depreciation 67 57 53 60 57 55 60 61 111 85 74 84 93
Profit before tax 1,482 760 1,063 2,811 4,268 4,263 3,142 2,695 2,922 1,946 1,188 1,217 3,286
Tax % 76% 30% 27% 25% 34% 25% 25% 24% 36% 24% 25% 27% 31%
Net Profit 351 533 774 2,109 2,838 3,193 2,342 2,050 1,862 1,473 889 890 2,277
EPS in Rs 1.15 1.74 2.53 6.89 9.68 10.89 7.99 6.99 6.35 5.03 3.03 3.04 7.77
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11,262 10,704 12,058 12,356 6,456 8,828 11,615 12,153 11,699 15,370 25,882 17,667
2,336 3,331 4,333 4,580 3,762 5,226 5,806 5,223 5,689 6,573 13,291 11,604
Operating Profit 8,926 7,373 7,725 7,776 2,694 3,602 5,809 6,930 6,010 8,797 12,591 6,063
OPM % 79% 69% 64% 63% 42% 41% 50% 57% 51% 57% 49% 34%
1,965 2,242 2,187 2,154 1,681 908 664 588 417 349 716 1,984
Interest 1 13 2 0 66 21 37 40 10 17 39 75
Depreciation 130 139 150 162 217 196 256 279 294 228 287 335
Profit before tax 10,760 9,464 9,760 9,768 4,092 4,293 6,179 7,199 6,123 8,902 12,981 7,637
Tax % 32% 33% 34% 34% 34% 40% 38% 36% 41% 30% 28% 28%
Net Profit 7,265 6,342 6,420 6,422 2,712 2,589 3,806 4,642 3,610 6,253 9,398 5,529
EPS in Rs 18.33 16.00 16.19 16.20 6.84 8.18 12.03 15.16 11.79 21.34 32.07 18.87
Dividend Payout % 25% 44% 52% 53% 161% 63% 36% 36% 45% 36% 46% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 15%
TTM: -32%
Compounded Profit Growth
10 Years: -3%
5 Years: 5%
3 Years: 8%
TTM: -51%
Stock Price CAGR
10 Years: 2%
5 Years: 4%
3 Years: 17%
1 Year: 13%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 23%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
396 396 396 396 396 316 316 306 306 293 293 293
Reserves 24,010 27,114 29,592 31,935 28,721 22,203 24,037 25,645 27,228 29,463 34,551 22,039
0 0 0 0 1,497 0 500 364 566 2,000 3,491 422
2,242 3,271 1,489 2,138 2,057 3,183 3,755 3,466 3,044 5,029 6,357 5,187
Total Liabilities 26,648 30,782 31,477 34,470 32,671 25,702 28,609 29,782 31,144 36,785 44,692 27,942
1,189 1,265 1,362 1,334 1,918 1,953 2,672 2,721 3,017 3,118 3,966 3,020
CWIP 1,494 3,236 5,277 7,710 9,723 11,831 12,520 13,792 15,501 17,128 18,300 1,962
Investments 248 250 250 562 695 727 786 939 986 985 987 887
23,718 26,031 24,587 24,864 20,335 11,191 12,631 12,330 11,640 15,553 21,439 22,073
Total Assets 26,648 30,782 31,477 34,470 32,671 25,702 28,609 29,782 31,144 36,785 44,692 27,942

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,595 3,087 3,721 4,007 1,862 2,133 3,381 3,952 2,053 7,330 7,617 2,380
-737 669 3,455 -530 4,276 5,152 -1,869 -739 -277 -4,392 -5,026 151
-1,912 -2,548 -5,801 -3,449 -6,291 -7,249 -1,557 -3,201 -1,753 -2,591 -2,916 -2,537
Net Cash Flow 1,945 1,208 1,375 28 -154 36 -44 12 23 348 -325 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 24 37 44 52 45 43 46 43 69 51 42 55
Inventory Days
Days Payable
Cash Conversion Cycle 24 37 44 52 45 43 46 43 69 51 42 55
Working Capital Days 27 45 117 102 130 4 11 20 71 19 38 102
ROCE % 50% 36% 34% 32% 14% 16% 26% 28% 23% 30% 37% 21%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
69.65 69.65 69.65 68.29 68.29 60.79 60.79 60.79 60.79 60.79 60.79 60.79
5.35 4.45 4.46 4.63 4.95 6.83 5.32 6.88 5.89 5.94 6.60 7.33
20.33 20.44 20.42 20.67 19.99 21.85 21.84 21.81 22.14 20.98 20.23 19.39
0.10 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.58 5.36 5.37 6.31 6.77 10.53 12.05 10.51 11.18 12.27 12.34 12.47

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls