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 ₹ 12,895 Cr.
- Current Price ₹ 44.0
- High / Low ₹ 50.8 / 28.4
- Stock P/E
- Book Value ₹ 44.8
- Dividend Yield 0.00 %
- ROCE -13.0 %
- ROE -16.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.98 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 | 9,845 | |
| 0 | 0 | 0 | 0 | 4,485 | 10,291 | 10,825 | |
| Operating Profit | -0 | -0 | 0 | 0 | -1,436 | -1,788 | -979 |
| OPM % | -47% | -21% | -10% | ||||
| 0 | 0 | 0 | 0 | 119 | 72 | 71 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 652 | 633 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 953 | 972 |
| Profit before tax | -0 | -0 | 0 | 0 | -2,201 | -3,322 | -2,514 |
| Tax % | 0% | 0% | -29% | -29% | |||
| -0 | -0 | 0 | 0 | -1,560 | -2,374 | -1,801 | |
| EPS in Rs | 0.00 | -5.32 | -8.10 | -6.15 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 94% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -2% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.00 | 2,931 | 2,931 | 2,931 |
| Reserves | -0 | -0 | 17,049 | 14,118 | 12,558 | 10,184 |
| 0 | 0 | 1,691 | 3,842 | 6,662 | 5,909 | |
| 0 | 0 | 1,765 | 4,678 | 7,218 | 9,446 | |
| Total Liabilities | 0 | 0 | 20,504 | 25,568 | 29,368 | 28,470 |
| 0 | 0 | 1,132 | 1,118 | 20,273 | 20,131 | |
| CWIP | 0 | 0 | 17,038 | 19,545 | 1,215 | 717 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 2,334 | 4,904 | 7,881 | 7,621 | |
| Total Assets | 0 | 0 | 20,504 | 25,568 | 29,368 | 28,470 |
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
-
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.
-
Closure of Trading Window
29 Sep - Trading window closed from 1 Oct 2025 until 48 hours after Q2 (30 Sep 2025) results.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
30 Aug - 10th AGM (28 Aug 2025): voting results and scrutinizer's report filed under Reg 44.
-
Confirmation Of Payment Of Interest & Redemption Amount On Ncds Of The Company.
29 Aug - Paid NCD interest and redemption due 28.08.2025; no debentures outstanding.
-
Proceedings Of 10Th Annual General Meeting Of NMDC Steel Limited Held On 28Th August 2025.
28 Aug - 10th AGM on 28 Aug 2025: audited FY2024-25 financials adopted; director appointments/reappointments; unmodified audit report.
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.