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 ₹ 13,493 Cr.
- Current Price ₹ 46.0
- High / Low ₹ 73.7 / 42.9
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -8.69 %
- ROE -9.59 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -6.29% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Sector: Steel Industry: Steel - Medium / Small
Part of Nifty 500 Multicap 50:25:25 BSE Commodities BSE 400 MidSmallCap Index BSE 250 SmallCap Index BSE CPSE
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 3,049 | 6,317 | |
| 0 | 0 | 0 | 0 | 4,485 | 8,523 | |
| Operating Profit | -0 | -0 | -0 | 0 | -1,436 | -2,206 |
| OPM % | -47% | -35% | ||||
| 0 | 0 | 0 | 0 | 119 | 140 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 604 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 957 |
| Profit before tax | -0 | -0 | -0 | 0 | -2,201 | -3,627 |
| Tax % | 0% | 0% | 0% | -29% | ||
| -0 | -0 | -0 | 0 | -1,560 | -2,572 | |
| EPS in Rs | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| 1 Year: | -12% |
| Return on Equity | |
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| 3 Years: | -6% |
| Last Year: | -10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.11 | 2,931 | 2,931 | 2,931 |
| Reserves | -0 | -0 | -0 | 14,118 | 12,558 | 11,415 |
| 0 | 0 | 0 | 3,842 | 6,662 | 6,513 | |
| 0 | 0 | 0 | 4,678 | 7,218 | 8,157 | |
| Total Liabilities | 0 | 0 | 0 | 25,568 | 29,368 | 29,016 |
| 0 | 0 | 0 | 1,118 | 20,273 | 20,063 | |
| CWIP | 0 | 0 | 0 | 19,545 | 1,215 | 1,076 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 4,904 | 7,881 | 7,877 | |
| Total Assets | 0 | 0 | 0 | 25,568 | 29,368 | 29,016 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -0 | -0 | -0 | 1,535 | -2,733 | |
| 0 | 0 | 0 | -2,207 | -690 | |
| 0 | 0 | 0 | 1,293 | 2,808 | |
| Net Cash Flow | -0 | -0 | 0 | 620 | -614 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 4 | ||||
| Inventory Days | 420 | ||||
| Days Payable | 284 | ||||
| Cash Conversion Cycle | 141 | ||||
| Working Capital Days | 194 | ||||
| ROCE % | -200% | -50% | 0% | -9% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Directorate
15 Nov - Appointment of Shri Joydeep Dasgupta as Director (Production).
-
Receipt Of Communication From Ministry Of Steel, Government Of India Regarding Appointment Of Shri Joydeep Dasgupta As Director (Production) On The Board.
14 Nov - Appointment of Shri Joydeep Dasgupta as Director (Production).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper publication - Financial Results for the period ended 30.09.2024
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Extension Of Additional Charge Of The Post Of Director (Production), NMDC Steel Ltd. To Shri Vinay Kumar, Director (Technical).
13 Nov - Extension of additional charge for Director (Production) at NMDC Steel.
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Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results And Limited Review Report For The Quarter Ended 30.09.2024
12 Nov - Approval of unaudited financial results for Q2 2024.
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.