NMDC Steel Ltd
National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.[1]
- Market Cap ₹ 12,303 Cr.
- Current Price ₹ 42.0
- High / Low ₹ 49.6 / 28.4
- Stock P/E
- Book Value ₹ 44.4
- Dividend Yield 0.00 %
- ROCE -13.0 %
- ROE -16.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.94 times its book value
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -8.26% over last 3 years.
* 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
Commodities Metals & Mining Ferrous Metals Iron & Steel
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap BSE CPSE
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 3,049 | 8,503 | 11,713 | |
| 0 | 0 | 0 | 0 | 4,485 | 10,291 | 12,045 | |
| Operating Profit | -0 | -0 | 0 | 0 | -1,436 | -1,788 | -332 |
| OPM % | -47% | -21% | -3% | ||||
| 0 | 0 | 0 | 0 | 119 | 72 | 79 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 652 | 600 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 953 | 1,014 |
| Profit before tax | -0 | -0 | 0 | 0 | -2,201 | -3,322 | -1,867 |
| Tax % | 0% | 0% | -29% | -29% | |||
| -0 | -0 | 0 | 0 | -1,560 | -2,374 | -1,320 | |
| EPS in Rs | 0.00 | -5.32 | -8.10 | -4.51 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 85% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -7% |
| 3 Years: | -8% |
| Last Year: | -17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.00 | 2,931 | 2,931 | 2,931 | 2,931 |
| Reserves | -0 | -0 | 17,049 | 14,118 | 12,558 | 10,184 | 10,095 |
| 0 | 0 | 1,691 | 3,842 | 6,662 | 5,909 | 5,310 | |
| 0 | 0 | 1,765 | 4,678 | 7,218 | 9,446 | 9,546 | |
| Total Liabilities | 0 | 0 | 20,504 | 25,568 | 29,368 | 28,470 | 27,881 |
| 0 | 0 | 1,132 | 1,118 | 20,273 | 20,131 | 19,763 | |
| CWIP | 0 | 0 | 17,038 | 19,545 | 1,215 | 717 | 647 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 2,334 | 4,904 | 7,881 | 7,621 | 7,470 | |
| Total Assets | 0 | 0 | 20,504 | 25,568 | 29,368 | 28,470 | 27,881 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0 | -0 | 743 | 1,516 | -2,825 | 1,966 | |
| 0 | 0 | -1,891 | -2,189 | -228 | -506 | |
| 0 | 0 | 1,144 | 1,293 | 2,439 | -1,460 | |
| Net Cash Flow | -0 | -0 | -4 | 620 | -614 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 4 | 8 | ||||
| Inventory Days | 420 | 148 | ||||
| Days Payable | 284 | 234 | ||||
| Cash Conversion Cycle | 141 | -77 | ||||
| Working Capital Days | -92 | -213 | ||||
| ROCE % | -200% | 0% | 0% | -9% | -13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Oct - Newspaper publication - financial results for period ended 30.09.2025.
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Board Meeting Outcome for Integrated Filing (Financial) For The Quarter Ended 30.09.2025.
29 Oct - NMDC Steel: Unaudited financial results with limited review for quarter ended 30 Sep 2025 (Integrated Filing).
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Board Meeting Intimation for Unaudited Financial Results Of The Company For Quarter Ended 30Th September 2025.
24 Oct - Board meeting 29 Oct 2025 to approve Q2 unaudited results; trading window closed 1–31 Oct 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Compliance certificate under SEBI Regulation 74(5) from RTA for quarter ended 30 Sep 2025.
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Closure of Trading Window
29 Sep - Trading window closed from 1 Oct 2025 until 48 hours after Q2 (30 Sep 2025) results.
Product Portfolio[1]
The product mix of consists of low carbon steel, HSLA & Dual Phase Steel, and API quality steel that can be rolled into thickness range from 1mm to 16 mm. With its capability to roll 1650mm wide HR, the Thin Slab caster at Nagarnar Steel Plant is the widest Mill in the public sector.