NMDC Ltd

₹ 123 -0.73%
27 Jan - 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

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.

  • Market Cap 36,032 Cr.
  • Current Price 123
  • High / Low 136 / 77.1
  • Stock P/E 5.79
  • Book Value 69.1
  • Dividend Yield 12.0 %
  • ROCE 37.1 %
  • ROE 29.1 %
  • Face Value 1.00

Pros

  • Stock is providing a good dividend yield of 12.0%.
  • Company has delivered good profit growth of 29.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 42.4%
  • Debtor days have improved from 54.0 to 41.7 days.

Cons

  • Promoter holding has decreased over last 3 years: -11.5%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2,242 3,006 3,187 1,938 2,230 4,355 6,848 6,512 6,794 5,874 6,702 4,767 3,328
1,182 1,415 1,696 1,183 1,200 1,587 2,605 2,335 3,679 3,262 4,018 2,867 2,474
Operating Profit 1,060 1,591 1,492 754 1,030 2,768 4,242 4,178 3,115 2,612 2,684 1,900 854
OPM % 47% 53% 47% 39% 46% 64% 62% 64% 46% 44% 40% 40% 26%
128 130 37 72 88 105 87 144 89 153 333 146 426
Interest 10 10 -21 9 2 2 4 3 2 9 25 15 18
Depreciation 98 65 67 57 53 60 57 55 60 61 111 85 74
Profit before tax 1,080 1,647 1,482 760 1,063 2,811 4,268 4,263 3,142 2,695 2,880 1,946 1,188
Tax % 35% 16% 76% 30% 27% 25% 34% 25% 25% 24% 37% 24% 25%
Net Profit 703 1,376 351 533 774 2,109 2,838 3,193 2,342 2,050 1,815 1,473 889
EPS in Rs 2.30 4.50 1.15 1.74 2.53 6.89 9.68 10.89 7.99 6.99 6.19 5.03 3.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
11,369 11,262 10,704 12,058 12,356 6,456 8,828 11,615 12,153 11,699 15,370 25,882 20,672
2,725 2,336 3,331 4,333 4,580 3,762 5,226 5,806 5,223 5,689 6,573 13,291 12,621
Operating Profit 8,644 8,926 7,373 7,725 7,776 2,694 3,602 5,809 6,930 6,010 8,797 12,591 8,051
OPM % 76% 79% 69% 64% 63% 42% 41% 50% 57% 51% 57% 49% 39%
1,203 1,965 2,242 2,187 2,154 1,681 908 664 588 417 349 716 1,057
Interest 2 1 13 2 0 66 21 37 40 10 17 39 68
Depreciation 120 130 139 150 162 217 196 256 279 294 228 287 331
Profit before tax 9,726 10,760 9,464 9,760 9,768 4,092 4,293 6,179 7,199 6,123 8,902 12,981 8,709
Tax % 33% 32% 33% 34% 34% 34% 40% 38% 36% 41% 30% 28%
Net Profit 6,499 7,265 6,342 6,420 6,422 2,712 2,589 3,806 4,642 3,610 6,253 9,398 6,226
EPS in Rs 16.39 18.33 16.00 16.19 16.20 6.84 8.18 12.03 15.16 11.79 21.34 32.07 21.24
Dividend Payout % 20% 25% 44% 52% 53% 161% 63% 36% 36% 45% 36% 46%
Compounded Sales Growth
10 Years: 9%
5 Years: 24%
3 Years: 29%
TTM: -16%
Compounded Profit Growth
10 Years: 3%
5 Years: 29%
3 Years: 27%
TTM: -41%
Stock Price CAGR
10 Years: 0%
5 Years: 2%
3 Years: 9%
1 Year: 15%
Return on Equity
10 Years: 19%
5 Years: 20%
3 Years: 22%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
396 396 396 396 396 396 316 316 306 306 293 293 293
Reserves 18,818 24,010 27,114 29,592 31,935 28,721 22,203 24,037 25,645 27,228 29,463 34,551 19,948
0 0 0 0 0 1,497 0 500 364 566 2,000 3,491 2,226
1,884 2,242 3,271 1,489 2,138 2,057 3,183 3,755 3,466 3,044 5,029 6,357 3,841
Total Liabilities 21,098 26,648 30,782 31,477 34,470 32,671 25,702 28,609 29,782 31,144 36,785 44,692 26,308
1,099 1,189 1,265 1,362 1,334 1,918 1,953 2,672 2,721 3,017 3,118 3,966 2,748
CWIP 568 1,494 3,236 5,277 7,710 9,723 11,831 12,520 13,792 15,501 17,128 18,300 1,587
Investments 136 248 250 250 562 695 727 786 939 986 985 987 887
19,295 23,718 26,031 24,587 24,864 20,335 11,191 12,631 12,330 11,640 15,553 21,439 21,087
Total Assets 21,098 26,648 30,782 31,477 34,470 32,671 25,702 28,609 29,782 31,144 36,785 44,692 26,308

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4,862 4,595 3,087 3,721 4,007 1,862 2,133 3,381 3,952 2,053 7,330 7,617
-4,362 -737 669 3,455 -530 4,276 5,152 -1,869 -739 -277 -4,392 -5,026
-994 -1,912 -2,548 -5,801 -3,449 -6,291 -7,249 -1,557 -3,201 -1,753 -2,591 -2,916
Net Cash Flow -495 1,945 1,208 1,375 28 -154 36 -44 12 23 348 -325

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 16 24 37 44 52 45 43 46 43 69 51 42
Inventory Days
Days Payable
Cash Conversion Cycle 16 24 37 44 52 45 43 46 43 69 51 42
Working Capital Days 4 27 45 117 102 130 4 11 20 71 19 38
ROCE % 58% 50% 36% 34% 32% 14% 16% 26% 28% 23% 30% 37%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
69.65 69.65 69.65 69.65 68.29 68.29 60.79 60.79 60.79 60.79 60.79 60.79
6.03 5.35 4.45 4.46 4.63 4.95 6.83 5.32 6.88 5.89 5.94 6.60
19.96 20.33 20.44 20.42 20.67 19.99 21.85 21.84 21.81 22.14 20.98 20.23
0.10 0.10 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.27 4.58 5.36 5.37 6.31 6.77 10.53 12.05 10.51 11.18 12.27 12.34

* 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.

Click on the line-items to see the names of individual entities.

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