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 ₹ 11,397 Cr.
- Current Price ₹ 38.9
- High / Low ₹ 56.2 / 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 0.87 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.
- Contingent liabilities of Rs.3,603 Cr.
* 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: | -29% |
| 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
-
Clarification With Regard To 'Movement In Volume'.
14 Aug - Clarification on volume spike after Q1 2025 profit announcement by NMDC Steel Limited.
-
Clarification sought from NMDC Steel Ltd
14 Aug - Exchange has sought clarification from NMDC Steel Ltd on August 14, 2025, with reference to Movement in Volume.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Aug - Newspaper publication - unaudited financial results for quarter ended 30.06.2025.
-
Board Meeting Outcome for Integrated Filing (Financial) For The Quarter Ended 30.06.2025
12 Aug - Q1 FY2026 unaudited financial results and limited review report filed by NMDC Steel.
-
Notice Of 10Th Annual General Meeting And E-Voting Information - Newspaper Clippings.
8 Aug - Notice of 10th AGM and e-voting details published in newspapers on 07 Aug 2025.
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.