NMDC Steel Ltd.

•

nmdc.co.inBSE: 543768NSE: NSLNISP

Market Cap₹ 13,202 Cr.

Current Price

High / Low₹ 54 / 33

Stock P/E157.8

Book Value₹ 45

Price to Book0.74

Dividend Yield0.00 %

ROCE3.1 %

ROE0.4 %

Face Value₹ 10

Add ratio to table

ABOUT

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

Latest quarter profit grew 97.6% YoY, showing strong momentum
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (113.5% of PBT)
Company has a low return on equity of -8.6% over last 3 years
Company has a low return on capital employed of -6.2%
Interest coverage is weak at 1.2x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.24x)

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

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY SMLCAP 250 NIFTY 500 NIFTY TOTAL MKT

S.No.	Name
1.	JSWSTEEL	1310.35	12.93	320440.06	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	188.55	21.33	235375.56	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	186.25	18.01	76931.03	1.26	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2607.95	29.79	68795.28	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	782.80	19.87	64535.57	0.51	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2167.50	48.97	60182.46	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1073.35	26.68	29960.62	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	RATNAMANI	2862.55	46.35	20064.19	0.35	107.03	-15.82	971.63	-15.63	18.01	16.69
9.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	SARDAEN	546.75	17.05	19266.45	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	253.20	21.14	17046.41	0.39	222.37	2.75	1750.47	32.29	20.20	19.36
12.	NSLNISP	45.05	157.79	13202.38	0.00	505.10	1876.13	36618.40	988.14	3.06	10.91

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	0	277	926	1,846	2,023	1,522	2,120	2,838	3,365	3,390	3,008	3,879	3,662
	0	349	1,335	2,801	2,424	1,963	2,776	3,129	2,958	3,183	2,910	3,073	3,631
Operating Profit	0	-72	-409	-956	-401	-441	-656	-291	408	207	98	806	31
OPM %	—	-25.95%	-44.19%	-51.77%	-19.83%	-28.94%	-30.95%	-10.24%	12.11%	6.11%	3.24%	20.77%	0.85%
	0	13	16	90	21	13	18	19	20	21	19	26	43
Interest	0	41	134	155	153	161	165	172	134	128	128	96	126
Depreciation	0	75	226	252	239	240	253	221	258	283	252	249	242
Profit before Tax	0	-175	-753	-1,273	-772	-829	-1,056	-664	36	-183	-264	486	74
Tax %	—	24.94%	24.54%	32.38%	29.11%	28.18%	28.27%	28.74%	29.28%	37.16%	7.52%	19.38%	31.70%
Net Profit	0	-131	-568	-861	-547	-595	-758	-473	26	-115	-244	392	51
	0.00	-0.45	-1.94	-2.94	-1.87	-2.03	-2.59	-1.62	0.09	-0.39	-0.83	1.34	0.19

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	3,049	8,503	13,642	13,938
	0	0	0	0	0	4,486	10,291	12,124	12,797
Operating Profit	-0	-0	-0	0	0	-1,437	-1,788	1,518	1,142
OPM %	—	—	—	—	—	-47.12%	-21.03%	11.13%	8.19%
	0	0	0	0	0	119	72	86	109
Interest	0	0	0	0	0	331	652	487	479
Depreciation	0	0	0	0	0	553	953	1,042	1,026
Profit before Tax	-0	-0	-0	0	0	-2,201	-3,322	76	114
Tax %	-0.00%	-0.00%	-0.00%	—	—	29.11%	28.54%	22.51%	26.34%
Net Profit	-0	-0	-0	0	0	-1,560	-2,374	59	84
EPS	-2.36	-1.23	-1.21	0.00	0.00	-5.32	-8.10	0.20	—
Dividend Payout %	0.00%	0.00%	0.00%	—	—	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -8%
1 Year:: -3%

RETURN ON EQUITY

10 Years:: —
5 Years:: -5%
3 Years:: -9%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	0	2,931	2,931	2,931	2,931
	-0	-0	14,118	14,118	12,558	10,184	10,243
	0	0	2,154	6,344	8,627	7,613	4,165
Trade Payables	0	0	303	390	2,503	4,832	6,044
	0	0	3,930	1,786	2,110	1,310	3,274
Total Liabilities	0	0	20,504	25,568	28,728	26,869	26,656
	0	0	1,132	1,118	20,273	20,131	19,452
Capital Work in Progress	0	0	17,038	19,545	1,215	717	570
	0	0	40	860	3,703	3,057	3,897
	0	0	0	0	37	197	179
Cash & Bank	0	0	1	1,513	721	908	800
	0	0	2,294	2,532	2,778	1,859	1,758
Total Assets	0	0	20,504	25,568	28,728	26,869	26,656

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	-0	743	1,542	-2,825	1,966	1,795
Cash from Investing	0	0	0	-1,891	-2,207	-228	-506	109
Cash from Financing	0	0	0	1,144	1,293	2,439	-1,460	-1,902
	0	-0	-0	-4	620	-614	0	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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
	4.52	4.56	4.58	4.60	4.67	5.13	4.81	4.85	5.48
	16.21	16.06	16.01	16.02	15.89	15.33	15.66	15.84	15.77
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	18.47	18.58	18.61	18.58	18.65	18.75	18.73	18.50	17.95

Documents

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

2026-09-07

General Updates

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

2026-08-28

Spurt in Volume

2026-08-28 - Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. NMDC Steel Limited has submitted their response.

2026-08-27

Cessation

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

2026-08-27

Spurt in Volume

2026-08-27 - Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-25

Copy of Newspaper Publication

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

2026-08-24

General Updates

2026-08-24 - NMDC Steel Limited has informed the Exchange about General Updates

2026-08-21

Credit Rating- Revision

2026-08-21 - NMDC Steel Limited has informed the Exchange about Credit Rating- Revision

2026-08-15

Outcome of Board Meeting

2026-08-15 - NMDC Steel Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-31

Resignation of Director/KMP/SMP

2026-07-31 - NMDC Steel Limited has informed the Exchange about Resignation of Director/KMP/SMP

News

Recent coverage and analyst commentary for NSLNISP

Loading news…

🤖

AI Stock Analyst

NMDC Steel Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

JSWSTEEL

1310.35

12.93

320440.06

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

188.55

21.33

235375.56

2.12

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

186.25

18.01

76931.03

1.26

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2607.95

29.79

68795.28

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

782.80

19.87

64535.57

0.51

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2167.50

48.97

60182.46

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1073.35

26.68

29960.62

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

RATNAMANI

2862.55

46.35

20064.19

0.35

107.03

-15.82

971.63

-15.63

18.01

16.69

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

SARDAEN

546.75

17.05

19266.45

0.37

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

253.20

21.14

17046.41

0.39

222.37

2.75

1750.47

32.29

20.20

19.36

NSLNISP

45.05

157.79

13202.38

0.00

505.10

1876.13

36618.40

988.14

3.06

10.91

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

277

926

1,846

2,023

1,522

2,120

2,838

3,365

3,390

3,008

3,879

3,662

349

1,335

2,801

2,424

1,963

2,776

3,129

2,958

3,183

2,910

3,073

3,631

Operating Profit

-72

-409

-956

-401

-441

-656

-291

408

207

806

OPM %

—

-25.95%

-44.19%

-51.77%

-19.83%

-28.94%

-30.95%

-10.24%

12.11%

6.11%

3.24%

20.77%

0.85%

Interest

134

155

153

161

165

172

134

128

126

Depreciation

226

252

239

240

253

221

258

283

252

249

242

Profit before Tax

-175

-753

-1,273

-772

-829

-1,056

-664

-183

-264

486

Tax %

—

24.94%

24.54%

32.38%

29.11%

28.18%

28.27%

28.74%

29.28%

37.16%

7.52%

19.38%

31.70%

Net Profit

-131

-568

-861

-547

-595

-758

-473

-115

-244

392

0.00

-0.45

-1.94

-2.94

-1.87

-2.03

-2.59

-1.62

0.09

-0.39

-0.83

1.34

0.19

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,049

8,503

13,642

13,938

4,486

10,291

12,124

12,797

Operating Profit

-0

-1,437

-1,788

1,518

1,142

OPM %

—

-47.12%

-21.03%

11.13%

8.19%

119

109

Interest

331

652

487

479

Depreciation

553

953

1,042

1,026

Profit before Tax

-0

-2,201

-3,322

114

Tax %

-0.00%

—

29.11%

28.54%

22.51%

26.34%

Net Profit

-0

-1,560

-2,374

EPS

-2.36

-1.23

-1.21

0.00

-5.32

-8.10

0.20

—

Dividend Payout %

0.00%

—

0.00%

—

Mar 2019

Mar 2020

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

2,931

-0

14,118

12,558

10,184

10,243

2,154

6,344

8,627

7,613

4,165

Trade Payables

303

390

2,503

4,832

6,044

3,930

1,786

2,110

1,310

3,274

Total Liabilities

20,504

25,568

28,728

26,869

26,656

1,132

1,118

20,273

20,131

19,452

Capital Work in Progress

17,038

19,545

1,215

717

570

860

3,703

3,057

3,897

197

179

Cash & Bank

1,513

721

908

800

2,294

2,532

2,778

1,859

1,758

Total Assets

20,504

25,568

28,728

26,869

26,656

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-0

743

1,542

-2,825

1,966

1,795

Cash from Investing

-1,891

-2,207

-228

-506

109

Cash from Financing

1,144

1,293

2,439

-1,460

-1,902

-0

-4

620

-614

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.79

4.52

4.56

4.58

4.60

4.67

5.13

4.81

4.85

5.48

16.21

16.06

16.01

16.02

15.89

15.33

15.66

15.84

15.77

Government

0.00

Public

18.47

18.58

18.61

18.58

18.65

18.75

18.73

18.50

17.95

NMDC Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

NMDC Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI