NMDC Ltd

NMDC Ltd

₹ 235 -1.41%
26 Feb - 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 68,855 Cr.
  • Current Price 235
  • High / Low 253 / 104
  • Stock P/E 12.0
  • Book Value 83.6
  • Dividend Yield 2.81 %
  • ROCE 30.2 %
  • ROE 23.0 %
  • Face Value 1.00

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 38.9%

Cons

  • The company has delivered a poor sales growth of 8.75% over past five years.
  • Promoter holding has decreased over last 3 years: -8.86%
  • Working capital days have increased from 58.6 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,589 2,607 2,336 3,681 3,263 4,061 2,869 2,477 2,579 3,689 3,401 2,824 3,403
Operating Profit 2,766 4,240 4,176 3,113 2,611 2,725 1,898 851 1,141 2,162 1,994 1,190 2,007
OPM % 64% 62% 64% 46% 44% 40% 40% 26% 31% 37% 37% 30% 37%
106 87 144 89 153 332 146 426 205 1,228 294 321 84
Interest 2 4 3 2 9 25 15 18 30 12 6 19 32
Depreciation 61 57 55 60 61 112 85 74 84 93 69 89 82
Profit before tax 2,810 4,266 4,262 3,140 2,694 2,920 1,944 1,185 1,232 3,285 2,212 1,404 1,977
Tax % 25% 34% 25% 25% 24% 36% 24% 25% 27% 31% 25% 27% 26%
2,158 2,836 3,186 2,327 2,048 1,866 1,445 972 914 2,272 1,653 1,026 1,482
EPS in Rs 7.05 9.68 10.87 7.94 6.99 6.37 4.93 3.32 3.11 7.75 5.64 3.50 5.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7,564 10,704 12,058 12,356 6,456 8,828 11,615 12,153 11,699 15,370 25,965 17,667 20,670
1,727 3,334 4,335 4,591 3,771 5,233 5,812 5,228 5,697 6,580 13,338 11,613 13,316
Operating Profit 5,837 7,370 7,723 7,765 2,685 3,595 5,803 6,925 6,002 8,790 12,626 6,054 7,353
OPM % 77% 69% 64% 63% 42% 41% 50% 57% 51% 57% 49% 34% 36%
885 2,243 2,182 2,155 1,682 910 667 588 417 351 716 2,004 1,927
Interest 0 13 2 0 66 21 37 40 10 17 39 75 69
Depreciation 74 139 151 173 218 197 257 279 295 229 288 336 333
Profit before tax 6,648 9,461 9,753 9,747 4,084 4,287 6,176 7,194 6,114 8,896 13,016 7,646 8,878
Tax % 34% 33% 34% 34% 34% 40% 38% 36% 41% 30% 27% 28%
4,372 6,334 6,371 6,351 2,544 2,543 3,808 4,617 3,573 6,277 9,429 5,601 6,433
EPS in Rs 11.03 15.98 16.07 16.01 6.42 8.04 12.04 15.08 11.67 21.42 32.17 19.12 21.95
Dividend Payout % 20% 44% 53% 53% 171% 64% 36% 37% 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: 5%
3 Years: 9%
TTM: 11%
Stock Price CAGR
10 Years: 9%
5 Years: 26%
3 Years: 34%
1 Year: 110%
Return on Equity
10 Years: 19%
5 Years: 23%
3 Years: 28%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 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 11,231 27,122 29,550 31,870 28,784 22,266 24,101 25,738 27,367 29,591 17,725 22,328 24,194
0 0 0 0 1,497 0 500 364 566 2,000 1,800 423 2,143
1,220 3,277 1,497 2,197 2,079 3,201 3,774 3,483 3,056 5,045 5,094 5,204 5,965
Total Liabilities 12,848 30,796 31,444 34,464 32,756 25,784 28,691 29,891 31,294 36,930 24,912 28,248 32,596
747 1,267 1,366 1,468 2,058 2,095 3,457 3,512 3,810 3,933 3,662 3,199 3,117
CWIP 248 3,247 5,297 7,801 9,747 11,855 12,545 13,819 15,530 17,158 1,333 1,998 2,600
Investments 71 261 219 319 592 612 673 859 910 875 895 935 943
11,782 26,021 24,561 24,876 20,359 11,221 12,016 11,701 11,045 14,964 19,022 22,116 25,935
Total Assets 12,848 30,796 31,444 34,464 32,756 25,784 28,691 29,891 31,294 36,930 24,912 28,248 32,596

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,778 3,097 3,734 3,999 2,502 2,109 3,376 4,002 2,126 7,266 6,942 2,466
491 659 3,444 -517 3,645 5,171 -1,865 -789 -313 -4,316 -3,214 43
-727 -2,548 -5,801 -3,449 -6,290 -7,249 -1,557 -3,201 -1,753 -2,591 -4,067 -2,536
Net Cash Flow 2,542 1,208 1,376 33 -144 31 -46 11 60 359 -339 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 37 44 52 45 43 46 43 69 51 42 55
Inventory Days
Days Payable
Cash Conversion Cycle 49 37 44 52 45 43 46 43 69 51 42 55
Working Capital Days 41 45 116 101 92 3 11 20 71 19 55 102
ROCE % 67% 34% 32% 14% 16% 25% 28% 23% 30% 50% 30%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.29% 68.29% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79%
4.63% 4.95% 6.83% 5.32% 6.88% 5.89% 5.94% 6.60% 7.33% 6.99% 8.32% 9.91%
20.67% 19.99% 21.85% 21.84% 21.81% 22.14% 20.98% 20.23% 19.39% 18.00% 17.73% 17.33%
0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
6.31% 6.77% 10.53% 12.05% 10.51% 11.18% 12.27% 12.34% 12.47% 14.20% 13.16% 11.96%
No. of Shareholders 3,15,6593,91,2095,20,3886,33,0436,12,3876,55,6586,96,9017,07,7067,13,8327,37,7337,39,3957,49,330

* 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.

Documents

Concalls