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 ₹ 11,684 Cr.
- Current Price ₹ 39.9
- High / Low ₹ 62.4 / 28.4
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -13.0 %
- ROE -16.6 %
- Face Value ₹ 10.0
Pros
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 | |
|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 3,049 | 8,503 | |
| 0 | 0 | 0 | 0 | 4,485 | 10,291 | |
| Operating Profit | -0 | -0 | 0 | 0 | -1,436 | -1,788 |
| OPM % | -47% | -21% | ||||
| 0 | 0 | 0 | 0 | 119 | 72 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 652 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 953 |
| Profit before tax | -0 | -0 | 0 | 0 | -2,201 | -3,322 |
| Tax % | 0% | 0% | -29% | -29% | ||
| -0 | -0 | 0 | 0 | -1,560 | -2,374 | |
| EPS in Rs | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 179% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| 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 | -2,733 | 1,966 | |
| 0 | 0 | -1,891 | -2,189 | -690 | -506 | |
| 0 | 0 | 1,144 | 1,293 | 2,808 | -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 | 194 | -101 | ||||
| ROCE % | -200% | 0% | 0% | -9% | -13% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - NMDC Steel's FY25 secretarial report shows governance non-compliance, fines imposed, awaiting independent director appointments.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper Publication - Audited Financial Results for the quarter and year ended 31st March 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
27 May - NMDC Steel reports FY25 audited loss of Rs 2,374 Cr; appoints interim CFO; unmodified audit opinion.
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Board Meeting Outcome for Outcome Of Board Meeting - Audited Standalone Financial Results For The Quarter & Financial Year Ended 31St March 2025 And Other Disclosures
27 May - NMDC Steel reports Rs 2,373.78 Cr net loss for FY 2025; appoints CFO; audit unmodified opinion.
-
Board Meeting Intimation for Consideration Of The Audited Financial Results Of The Company For The Quarter And Year Ended 31St March 2025.
19 May - Board meeting on May 27, 2025, to approve audited results; trading window closed Apr 1-May 29.
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.