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 ₹ 12,112 Cr.
- Current Price ₹ 41.3
- 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 0.93 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 CPSE BSE Allcap
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 | 12,601 | |
| 0 | 0 | 0 | 0 | 4,485 | 10,291 | 12,179 | |
| Operating Profit | -0 | -0 | 0 | 0 | -1,436 | -1,788 | 422 |
| OPM % | -47% | -21% | 3% | ||||
| 0 | 0 | 0 | 0 | 119 | 72 | 79 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 652 | 563 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 953 | 1,013 |
| Profit before tax | -0 | -0 | 0 | 0 | -2,201 | -3,322 | -1,075 |
| Tax % | 0% | 0% | -29% | -29% | |||
| -0 | -0 | 0 | 0 | -1,560 | -2,374 | -807 | |
| EPS in Rs | 0.00 | -5.32 | -8.10 | -2.75 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 68% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 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
-
Board Meeting Outcome for Integrated Filing (Financials) For The Quarter And Nine Months Ended 31.12.2025.
12h - Unaudited Q3/9M FY26 results: Q3 revenue Rs3,007.69cr, Q3 net loss Rs243.97cr; 9M revenue Rs9,762.81cr, loss Rs333.19cr.
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Priyadarshini Gaddam ceased as Director (Personnel) of NMDC Steel Limited on 31.01.2026 upon superannuation.
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Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For Quarter Ended 31St December 2025
29 Jan - Board meeting 3 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025; trading window Jan 1–Feb 5.
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Entrusting Of Additional Charge Of The Post Of Director (Finance), NMDC Steel Ltd. To Shri Amitava Mukherjee, Chairman & Managing Director.
27 Jan - Shri Amitava Mukherjee given additional charge as Director (Finance) NMDC Steel Ltd from 06.12.2025 to 05.03.2026.
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Entrusting Of Additional Charge Of The Post Of Director (Personnel), NMDC Steel Ltd. To Shri Joydeep Dasgupta, Director (Production) W.E.F. 01.02.2026.
15 Jan - Joydeep Dasgupta assigned additional charge as Director (Personnel), NMDC Steel Ltd, 01.02.2026–30.04.2026.
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.