NMDC Ltd.

•

nmdc.co.inBSE: 526371NSE: NMDC

Market Cap₹ 75,258 Cr.

Current Price

High / Low₹ 97 / 72

Stock P/E10.1

Book Value₹ 41

Price to Book1.98

Dividend Yield4.09 %

ROCE28.1 %

ROE23.4 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Iron Ore: 78.4% • Trading of HR Coil: 12.6% • Other Minerals & Services: 9.1%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 29.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 23.8%
Company has delivered good sales growth of 15.5% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 41.5%
Company comfortably covers its interest (84.8x coverage)
Company has a consistent dividend-paying track record

CONS

Total debt has risen sharply - up 55.8% year on year
Contingent liabilities are large at 68.5% of net worth
Company has delivered a poor profit growth of 3.5% over past five years
Operating margins have contracted to 29.4% from 38.6%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningMiningMining & Minerals

Part ofNIFTYM150MOMNTM50 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100

S.No.	Name
1.	COALINDIA	431.50	8.52	265921.73	6.14	8849.81	1.32	46254.80	45.09	35.43	26.61
2.	NMDC	85.60	10.09	75257.96	4.09	1976.23	0.43	6795.25	0.84	27.98	35.89
3.	KIOCL	373.65	584.07	22708.62	0.00	-15.48	59.04	158.01	73.79	-10.27	-16.83
4.	GMDCLTD	574.65	19.11	18273.87	1.65	163.43	-0.21	906.64	23.76	18.28	21.12
5.	SANDUMA	201.00	13.63	9770.71	0.25	2278.50	1263.64	13747.80	1110.85	23.78	24.91
6.	ASHAPURMIN	550.90	12.93	5262.53	0.36	108.31	-4.91	1616.12	19.22	20.64	11.63
7.	MOIL	251.95	69.22	5126.81	2.12	513.84	—	2677.04	—	12.64	28.40
8.	DECNGOLD	219.55	1272.29	4412.31	0.00	-87.26	-210.25	6.03	1462.18	-20.83	-826.53
9.	ORISSAMINE	4145.25	0.00	2487.15	0.00	-7.61	75.80	28.99	330.83	-44.94	-32.24
10.	20MICRONS	217.95	11.35	769.07	0.57	17.74	5.22	244.72	-0.99	17.83	13.13
11.	ASOCSTONE	24.66	8.85	222.12	1.62	7.97	2887.41	44.18	-25.13	13.63	27.86
12.	OSWALMIN	28.90	1.07	22.40	0.00	—	—	—	—	5.85	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	5,395	4,014	5,410	6,475	5,378	4,807	6,531	6,953	6,634	6,261	7,486	11,173	6,795
	3,399	2,821	3,380	4,339	3,017	3,366	4,122	4,905	4,155	4,257	5,337	8,529	4,449
Operating Profit	1,996	1,193	2,030	2,137	2,361	1,440	2,409	2,048	2,479	2,004	2,148	2,644	2,346
OPM %	37.00%	29.73%	37.52%	33.00%	43.90%	29.97%	36.89%	29.45%	37.36%	32.01%	28.70%	23.67%	34.52%
	281	321	84	388	365	360	374	491	298	381	356	428	347
Interest	6	19	32	21	23	29	61	65	27	8	35	51	22
Depreciation	69	89	82	97	74	84	92	123	105	107	104	145	103
Profit before Tax	2,201	1,407	2,000	2,405	2,629	1,688	2,631	2,351	2,644	2,271	2,366	2,875	2,693
Tax %	25.04%	26.94%	25.37%	39.21%	24.51%	24.79%	26.11%	36.35%	25.54%	25.37%	26.53%	29.74%	25.45%
Net Profit	1,650	1,028	1,493	1,462	1,984	1,269	1,944	1,496	1,969	1,695	1,738	2,020	2,007
	5.63	3.51	5.09	1.66	2.26	1.44	2.21	1.70	2.24	1.93	1.98	2.30	2.28

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	8,828	11,615	12,153	11,699	15,370	25,965	17,667	21,294	23,668	31,554	31,715
	5,226	5,806	5,223	5,689	6,574	13,334	11,604	13,938	15,410	22,278	22,572
Operating Profit	3,602	5,809	6,930	6,010	8,796	12,631	6,063	7,355	8,258	9,275	9,143
OPM %	40.80%	50.01%	57.02%	51.37%	57.23%	48.65%	34.32%	34.54%	34.89%	29.40%	28.83%
	909	664	588	417	350	718	1,985	1,073	1,590	1,463	1,512
Interest	21	37	40	10	17	39	75	78	178	121	116
Depreciation	196	256	279	294	228	287	335	337	373	461	458
Profit before Tax	4,294	6,180	7,199	6,123	8,901	13,023	7,638	8,013	9,298	10,156	10,205
Tax %	39.69%	38.41%	35.51%	41.03%	29.75%	27.45%	27.60%	29.71%	28.01%	26.92%	26.89%
Net Profit	2,590	3,806	4,643	3,611	6,253	9,448	5,529	5,633	6,694	7,422	7,461
EPS	7.22	12.03	14.70	11.79	20.62	32.24	18.86	19.22	7.61	8.44	—
Dividend Payout %	62.92%	35.74%	36.41%	44.86%	36.37%	45.72%	34.98%	37.72%	43.34%	41.46%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 15%
3 Years:: 21%

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: 3%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 11%
3 Years:: 21%
1 Year:: 12%

RETURN ON EQUITY

10 Years:: 22%
5 Years:: 28%
3 Years:: 24%
Last Year:: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	316	316	306	306	293	293	293	293	879	879
	22,203	24,037	25,645	27,228	29,463	17,582	22,039	25,113	28,700	32,956
	0	500	364	571	2,149	1,949	2,276	3,508	3,923	6,051
Trade Payables	199	160	203	226	360	664	426	373	298	379
	9,394	8,996	9,480	8,712	8,298	11,599	12,573	12,684	14,571	18,254
Total Liabilities	32,112	34,009	35,998	37,042	40,564	32,087	37,607	41,971	48,372	58,519
	1,953	2,672	2,721	3,017	3,118	2,834	3,014	3,163	4,802	5,581
Capital Work in Progress	11,831	12,520	13,792	15,472	17,077	1,298	1,962	3,231	4,737	6,749
	727	786	939	986	985	987	887	992	1,115	1,420
	540	572	666	724	922	2,125	2,661	2,739	2,627	2,522
	0	0	0	0	0	0	0	3,499	7,734	9,186
Cash & Bank	5,289	5,438	4,608	2,392	5,806	7,939	7,048	12,273	10,031	11,331
	11,771	12,021	13,272	14,453	12,656	16,903	22,036	16,075	17,325	21,730
Total Assets	32,112	34,009	35,998	37,042	40,564	32,087	37,607	41,971	48,372	58,519

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,722	5,724	6,554	4,358	9,818	11,261	3,810	7,439	1,577	4,926
Cash from Investing	5,152	-1,869	-739	-277	-4,392	-3,174	310	-6,197	705	-3,786
Cash from Financing	-7,249	-1,557	-3,201	-1,753	-2,591	-4,061	-2,068	-1,302	-2,224	-1,092
	36	-44	12	23	348	-321	-5	-59	58	48

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79	60.79
	12.76	12.60	12.12	11.72	12.21	13.04	13.48	13.60	13.59
	14.31	14.08	14.46	15.12	14.48	14.38	14.06	13.76	13.80
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	12.12	12.53	12.62	12.35	12.52	11.77	11.67	11.84	11.80

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

General Updates

2026-09-09 - NMDC Limited has informed the Exchange about General Updates

2026-09-08

Change in Auditors

2026-09-08 - NMDC Limited has informed the Exchange regarding Change in Auditors of the company.

2026-09-08

General Updates

2026-09-08 - Newspaper publication Notice to Shareholders regarding special window for transfer and dematerialization (Demat) of physical securities.

2026-09-07

General Updates

2026-09-07 - NMDC Limited has informed the Exchange about General Updates

2026-09-07

General Updates

2026-09-07 - NMDC Limited has informed the Exchange about General Updates

2026-09-02

General Updates

2026-09-02 - NMDC Limited has informed the Exchange about General Updates

2026-09-01

General Updates

2026-09-01 - NMDC Limited has informed the Exchange about General Updates

2026-08-27

Cessation

2026-08-27 - NMDC Limited has informed the Exchange regarding Cessation of Mr Ashish Chatterjee as Government Director of the company w.e.f. August 24, 2026.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - NMDC Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for NMDC

Loading news…

🤖

AI Stock Analyst

NMDC Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account