NMDC Steel Ltd

NMDC Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NMDC Steel Ltd

₹ 43.2 -0.39%
13 Jul - close price
nmdcsteel.nmdc.co.in BSE: 543768 NSE: NSLNISP
About

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]

Key Points

History[1][2]
NMDC Steel Limited is a demerged subsidiary
of NMDC Ltd. Incorporated in 2015 and formally demerged in 2022, the plant commissioned its blast furnace and commenced hot-rolled coil production in August 2023 and was finally commissioned in October 2023. FY25 marks its first full year of commercial operations, with the company reporting production ramp-up across all core units - making this an early-stage ramp-up story with structural cost advantages through its NMDC parentage.

Website BSE NSE
  • Market Cap ₹ 12,646 Cr.
  • Current Price ₹ 43.2
  • High / Low ₹ 53.8 / 33.0
  • Stock P/E 215
  • Book Value ₹ 45.0
  • Dividend Yield 0.00 %
  • ROCE 3.06 %
  • ROE 0.45 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.96 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 -8.86% 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 Nifty500 Shariah BSE CPSE

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0 0 277 926 1,846 2,023 1,522 2,120 2,838 3,365 3,390 3,008 3,879
0 0 350 1,335 2,801 2,424 1,963 2,776 3,129 2,958 3,183 2,910 3,073
Operating Profit 0 0 -72 -409 -956 -401 -441 -656 -291 408 207 98 806
OPM % -26% -44% -52% -20% -29% -31% -10% 12% 6% 3% 21%
0 0 13 16 90 21 13 18 19 20 21 19 26
Interest 0 0 41 134 155 153 161 165 172 134 128 128 96
Depreciation 0 0 75 226 252 239 240 253 221 258 283 252 249
Profit before tax 0 0 -175 -753 -1,273 -772 -829 -1,056 -664 36 -183 -264 486
Tax % -25% -25% -32% -29% -28% -28% -29% 29% -37% -8% 19%
0 0 -131 -568 -861 -547 -595 -758 -473 26 -115 -244 392
EPS in Rs 0.00 0.00 -0.45 -1.94 -2.94 -1.87 -2.03 -2.59 -1.62 0.09 -0.39 -0.83 1.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 0 0 0 3,049 8,503 13,642
0 0 0 0 4,485 10,291 12,124
Operating Profit -0 -0 0 0 -1,436 -1,788 1,518
OPM % -47% -21% 11%
0 0 0 0 119 72 86
Interest 0 0 0 0 331 652 487
Depreciation 0 0 0 0 553 953 1,042
Profit before tax -0 -0 0 0 -2,201 -3,322 76
Tax % 0% 0% -29% -29% 23%
-0 -0 0 0 -1,560 -2,374 59
EPS in Rs 0.00 -5.32 -8.10 0.20
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 60%
Compounded Profit Growth
10 Years: %
5 Years: 467%
3 Years: %
TTM: 102%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -1%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: -5%
3 Years: -9%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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 10,243
0 0 1,691 3,842 6,662 5,909 4,613
0 0 1,765 4,678 7,218 9,446 10,451
Total Liabilities 0 0 20,504 25,568 29,368 28,470 28,237
0 0 1,132 1,118 20,273 20,131 19,452
CWIP 0 0 17,038 19,545 1,215 717 570
Investments 0 0 0 0 0 0 0
0 0 2,334 4,904 7,881 7,621 8,215
Total Assets 0 0 20,504 25,568 29,368 28,470 28,237

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 -0 743 1,516 -2,825 1,966 1,796
0 0 -1,891 -2,189 -228 -506 109
0 0 1,144 1,293 2,439 -1,460 -1,902
Net Cash Flow -0 -0 -4 620 -614 0 2
Free Cash Flow -0 -0 -1,148 -639 -3,409 1,538 1,525
CFO/OP 100% 100% 196% -110% 118%

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 4 8 5
Inventory Days 420 148 160
Days Payable 284 234 248
Cash Conversion Cycle 141 -77 -83
Working Capital Days -92 -213 -175
ROCE % -200% 0% 0% -9% -13% 3%

Insights

In beta
Mar 2024 Mar 2025
Capacity Utilization (Finished Products)
%

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Hot Metal Production
tonnes
Hot Rolled Coils Production
tonnes
Pig Iron / Semi-finished Share in Sales Mix
%
SAIL Revenue Share
%
Sales Volume
mt

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79%
3.29% 3.94% 4.33% 4.64% 4.52% 4.56% 4.58% 4.60% 4.67% 5.13% 4.81% 4.85%
20.46% 20.17% 19.10% 16.95% 16.21% 16.06% 16.02% 16.03% 15.90% 15.34% 15.67% 15.85%
15.46% 15.08% 15.76% 17.60% 18.47% 18.59% 18.60% 18.58% 18.63% 18.75% 18.72% 18.50%
No. of Shareholders 6,36,5966,19,6826,23,5357,34,9758,06,9657,86,8357,97,1918,00,1507,81,6287,61,1947,40,2147,21,360

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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