NMDC Ltd

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

NMDC Ltd

₹ 236 0.19%
19 Apr - close price
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 ₹ 69,060 Cr.
  • Current Price ₹ 236
  • High / Low ₹ 253 / 104
  • Stock P/E 12.0
  • Book Value ₹ 82.5
  • Dividend Yield 2.80 %
  • ROCE 30.5 %
  • ROE 22.9 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
  • Company has been maintaining a healthy dividend payout of 39.0%

Cons

  • The company has delivered a poor sales growth of 8.75% over past five years.
  • Promoter holding has decreased over last 3 years: -7.50%
  • Working capital days have increased from 58.7 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4,355 6,848 6,512 6,794 5,874 6,785 4,767 3,328 3,720 5,851 5,395 4,014 5,410
1,587 2,605 2,335 3,679 3,261 4,059 2,867 2,474 2,577 3,686 3,399 2,821 3,380
Operating Profit 2,768 4,242 4,178 3,115 2,612 2,726 1,900 854 1,143 2,165 1,996 1,193 2,030
OPM % 64% 62% 64% 46% 44% 40% 40% 26% 31% 37% 37% 30% 38%
105 87 144 89 153 332 146 426 188 1,225 281 320 84
Interest 2 4 3 2 9 25 15 18 30 12 6 19 32
Depreciation 60 57 55 60 61 111 85 74 84 93 69 89 82
Profit before tax 2,811 4,268 4,263 3,142 2,695 2,922 1,946 1,188 1,217 3,286 2,201 1,407 2,000
Tax % 25% 34% 25% 25% 24% 36% 24% 25% 27% 31% 25% 27% 25%
2,109 2,838 3,193 2,342 2,050 1,862 1,473 889 890 2,277 1,650 1,028 1,492
EPS in Rs 6.89 9.68 10.89 7.99 6.99 6.35 5.03 3.03 3.04 7.77 5.63 3.51 5.09
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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 TTM
11,262 10,704 12,058 12,356 6,456 8,828 11,615 12,153 11,699 15,370 25,965 17,667 20,670
2,336 3,331 4,333 4,580 3,762 5,226 5,806 5,223 5,689 6,573 13,332 11,603 13,286
Operating Profit 8,926 7,373 7,725 7,776 2,694 3,602 5,809 6,930 6,010 8,797 12,633 6,064 7,384
OPM % 79% 69% 64% 63% 42% 41% 50% 57% 51% 57% 49% 34% 36%
1,965 2,242 2,187 2,154 1,681 908 664 588 417 349 716 1,983 1,910
Interest 1 13 2 0 66 21 37 40 10 17 39 75 69
Depreciation 130 139 150 162 217 196 256 279 294 228 287 335 333
Profit before tax 10,760 9,464 9,760 9,768 4,092 4,293 6,179 7,199 6,123 8,902 13,023 7,637 8,893
Tax % 32% 33% 34% 34% 34% 40% 38% 36% 41% 30% 27% 28%
7,265 6,342 6,420 6,422 2,712 2,589 3,806 4,642 3,610 6,253 9,448 5,529 6,447
EPS in Rs 18.33 16.00 16.19 16.20 6.84 8.18 12.03 15.16 11.79 21.34 32.24 18.87 22.00
Dividend Payout % 25% 44% 52% 53% 161% 63% 36% 36% 45% 36% 46% 35%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 15%
TTM: 11%
Compounded Profit Growth
10 Years: -3%
5 Years: 4%
3 Years: 8%
TTM: 13%
Stock Price CAGR
10 Years: 7%
5 Years: 24%
3 Years: 30%
1 Year: 115%
Return on Equity
10 Years: 19%
5 Years: 23%
3 Years: 28%
Last Year: 23%

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 Sep 2023
Equity Capital 396 396 396 396 396 316 316 306 306 293 293 293 293
Reserves 24,010 27,114 29,592 31,935 28,721 22,203 24,037 25,645 27,228 29,463 17,582 22,039 23,896
0 0 0 0 1,497 0 500 364 566 2,000 1,801 422 2,143
2,242 3,271 1,489 2,138 2,057 3,183 3,755 3,466 3,044 5,029 5,078 5,187 5,947
Total Liabilities 26,648 30,782 31,477 34,470 32,671 25,702 28,609 29,782 31,144 36,785 24,754 27,942 32,279
1,189 1,265 1,362 1,334 1,918 1,953 2,672 2,721 3,017 3,118 2,834 3,014 2,930
CWIP 1,494 3,236 5,277 7,710 9,723 11,831 12,520 13,792 15,501 17,128 1,304 1,968 2,570
Investments 248 250 250 562 695 727 786 939 986 985 987 887 887
23,718 26,031 24,587 24,864 20,335 11,191 12,631 12,330 11,640 15,553 19,628 22,073 25,892
Total Assets 26,648 30,782 31,477 34,470 32,671 25,702 28,609 29,782 31,144 36,785 24,754 27,942 32,279

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 6,914 2,380
-737 669 3,455 -530 4,276 5,152 -1,869 -739 -277 -4,392 -3,174 151
-1,912 -2,548 -5,801 -3,449 -6,291 -7,249 -1,557 -3,201 -1,753 -2,591 -4,061 -2,537
Net Cash Flow 1,945 1,208 1,375 28 -154 36 -44 12 23 348 -321 -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 55 102
ROCE % 50% 36% 34% 32% 14% 16% 26% 28% 23% 30% 51% 30%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.29% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79%
4.95% 6.83% 5.32% 6.88% 5.89% 5.94% 6.60% 7.33% 6.99% 8.32% 9.91% 12.60%
19.99% 21.85% 21.84% 21.81% 22.14% 20.98% 20.23% 19.39% 18.00% 17.73% 17.33% 14.09%
6.77% 10.53% 12.05% 10.51% 11.18% 12.27% 12.34% 12.47% 14.20% 13.16% 11.96% 12.51%
No. of Shareholders 3,91,2095,20,3886,33,0436,12,3876,55,6586,96,9017,07,7067,13,8327,37,7337,39,3957,49,3308,57,003

* 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

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