NMDC Ltd

NMDC since inception involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc. NMDC is India's single largest iron ore producer, presently producing about 30 million tonnes of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State).

Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 90.35%
Cons:
The company has delivered a poor growth of 1.65% over past five years.
Company has a low return on equity of 11.11% for last 3 years.

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
3,711 4,186 5,711 7,564 10,704 12,058 12,356 6,456 8,828 11,615
1,027 962 1,375 1,727 3,331 4,287 4,591 3,771 5,234 5,868
Operating Profit 2,684 3,224 4,337 5,837 7,374 7,771 7,765 2,685 3,594 5,747
OPM % 72% 77% 76% 77% 69% 64% 63% 42% 41% 49%
Other Income 200 355 671 885 2,239 2,135 2,155 1,682 910 723
Interest 0 0 0 0 13 2 0 66 21 37
Depreciation 114 80 60 74 139 151 173 218 197 257
Profit before tax 2,770 3,498 4,947 6,648 9,461 9,753 9,747 4,084 4,287 6,176
Tax % 34% 34% 34% 34% 33% 34% 34% 34% 40% 38%
Net Profit 1,828 2,320 3,251 4,372 6,334 6,371 6,347 2,546 2,544 3,808
EPS in Rs 4.48 5.68 7.92 10.65 14.81 14.62 14.29 4.18 8.04 12.04
Dividend Payout % 20% 20% 20% 20% 44% 53% 53% 171% 64% 36%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:7.36%
5 Years:1.65%
3 Years:-2.04%
TTM:31.57%
Compounded Profit Growth
10 Years:1.30%
5 Years:-10.19%
3 Years:-16.79%
TTM:45.42%
Return on Equity
10 Years:22.81%
5 Years:15.48%
3 Years:11.11%
Last Year:15.74%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
132 132 132 396 396 396 396 396 316 316
Reserves 3,871 5,647 8,171 11,231 27,122 29,550 31,870 28,784 22,266 24,101
Borrowings 0 0 0 0 0 0 0 1,497 0 500
443 468 769 1,220 3,286 1,507 2,207 2,208 3,335 4,003
Total Liabilities 4,446 6,247 9,072 12,848 30,805 31,454 34,474 32,885 25,918 28,921
530 505 568 747 1,267 1,366 1,468 2,058 2,095 3,457
CWIP 56 113 112 248 3,247 5,297 7,801 9,747 11,855 12,545
Investments 74 74 83 71 261 219 319 592 612 673
3,786 5,555 8,309 11,782 26,030 24,571 24,886 20,488 11,355 12,246
Total Assets 4,446 6,247 9,072 12,848 30,805 31,454 34,474 32,885 25,918 28,921

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
1,569 2,052 2,476 2,778 3,097 3,734 3,999 2,502 2,109 3,376
40 217 517 491 659 3,444 -517 3,645 5,171 -1,865
-404 -530 -643 -727 -2,548 -5,801 -3,449 -6,290 -7,249 -1,557
Net Cash Flow 1,205 1,740 2,350 2,542 1,208 1,376 33 -144 31 -46

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 72% 70% 67% 48% 34% 32% 14% 16% 25%
Debtor Days 31 25 31 49 37 44 52 45 43 46
Inventory Turnover 32.63 38.72 32.37 22.81 18.29 18.00 9.83 15.19 20.90