Download App
Help CenterSubscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

NMDC Ltd (NMDC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526371 NSE: NMDC Mining & Minerals | Mid Cap | NMDC Share Price

₹85.60 1.10 (1.30%)

As on 09-Sep'26 16:59

NMDC Ltd (NMDC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526371 NSE: NMDC Mining & Minerals | Mid Cap | NMDC Share Price

₹85.60 1.10 (1.30%)

As on 09-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹74,291 Cr.
Current Price
₹85.6
52-Week Low / High
₹72 / 97
TTM EPS
₹8.5
TTM Sales
₹32,127 Cr.
Book Value per Share
₹41
P/E Ratio
9.96
Higher than its 5-year historical median
Industry PE
14
Price to Book (P/B)
2.06
In line with its 5-year historical median
Price to Sales (P/S)
2.31
Lower than its 5-year historical median
EV/EBITDA
6.38
Higher than its 5-year historical median
Dividend Yield
4.09%
Profitability Efficiency
Return on Equity (ROE)
23.26%
In line with industry median
Return on Capital Employed (ROCE)
27.98%
Underperforms industry median
Return on Assets (ROA)
13.81%
Operating Profit Margin
28.9%
Net Profit Margin
23.12%
Gross Profit Margin
33.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
34.16%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.63%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
13.39%
Asset Quality
Promoter Holding
60.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹35,189 Cr.
Equity
₹879.2 Cr.
Face Value
₹1
All Time Low / High
₹0.13 / 190.60

NMDC stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Very Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is NMDC Ltd a good quality company?
NMDC Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does NMDC Ltd performance compare with that of its Peers?
Q.1 Revenue growth of NMDC Ltd vs industry peers?
NMDC Ltd revenue CAGR is 15.85%, compared to the industry median CAGR of 15.85%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of NMDC Ltd?
Promoters hold 60.79% of the NMDC Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of NMDC Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.7% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NMDC Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ16.2%26.2%28.2%22.4%29.7%50.5%34.7%29.9%29.8%28%-
Value Creation
Index ⓘ		0.41.31.51.01.63.52.11.71.71.5-

Growth Parameters ⓘ
Sales ⓘ8,82811,61512,15311,69915,37025,96517,66721,30823,90632,07132,127
Sales YoY Gr.-31.6%4.6%-3.7%31.4%68.9%-32%20.6%12.2%34.2%-
Adj EPS ⓘ2.73.9547.110.75.46.67.48.58.5
YoY Gr.-45.9%28.6%-21.3%80.3%50.3%-49.8%21.9%13.2%13.8%-
BVPS (₹) ⓘ23.825.728.430.13420.525.729.233.838.741
Adj Net
Profit ⓘ		2,5443,7084,6203,6426,2779,4304,7355,7746,5427,4447,455
Cash Flow from Ops. ⓘ2,1093,3764,0022,1267,2666,9421,8387,3941,8944,996-
Debt/CF from Ops. ⓘ00.20.10.30.30.31.20.521.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ15.4%15.9%22%34.2%
Adj EPS ⓘ13.6%3.5%16.3%13.8%
BVPSⓘ5.6%2.7%14.6%14.7%
Share Price 8.8% 11.1% 21.7% 14.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		9.815.818.313.621.839.423.323.923.623.421.3
Op. Profit
Mgn % ⓘ		40.7505751.357.248.634.334.234.128.928.8
Net Profit
Mgn % ⓘ		29.331.938.231.440.736.426.427.127.423.123.2
Debt to
Equity ⓘ		00000.10.10.10.10.10.2-
Working Cap
Days ⓘ		534381379434325220445403382348143
Cash Conv.
Cycle ⓘ		37434762524310710211812089

Valuation of NMDC - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8,82811,61512,15311,69915,37025,96517,66721,30823,90632,071
Operating Expenses ⓘ + 5,2335,8125,2285,6976,58113,34011,61414,01515,75722,811
Manufacturing Costs2,0732,7072,5952,6643,52610,6988,63510,28110,84812,510
Material Costs104-21-27-17-120-1,052-426-725605,413
Employee Cost 8891,0491,0391,0491,0851,3371,5311,6261,7951,940
Other Costs ⓘ 2,1672,0771,6212,0012,0892,3581,8742,1802,5542,948
Operating Profit ⓘ 3,5955,8036,9246,0028,78912,6246,0537,2938,1499,260
Operating Profit Margin (%) 40.7%50.0%57.0%51.3%57.2%48.6%34.3%34.2%34.1%28.9%
Other Income ⓘ + 9105235895143527197681,3711,5931,488
Exceptional Items ⓘ 01440-96001,237-28200
Interest ⓘ 2137401017397578178121
Depreciation ⓘ 197257279295229288336351420477
Profit Before Tax ⓘ 4,2886,1777,1946,1158,89613,0167,6477,9539,14410,149
Tax ⓘ 1,7042,3732,5572,5132,6483,5752,1082,3802,6042,734
Profit After Tax 2,5843,8034,6373,6026,2479,4415,5385,5726,5407,415
PAT Margin (%) 29.3%32.7%38.2%30.8%40.6%36.4%31.4%26.2%27.4%23.1%
Adjusted EPS (₹)2.74.05.03.97.110.76.46.37.48.5
Dividend Payout Ratio (%)64.10%35.70%36.60%45.30%36.20%45.80%34.50%38.10%44.40%41.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 22,58224,41726,04427,67329,88418,01822,62125,65629,69634,062
Share Capital ⓘ 316316306306293293293293879879
Reserves ⓘ 22,26624,10125,73827,36729,59117,72522,32825,36328,81733,183
Debt +05003645661,9941,7932,1213,3573,7705,874
Long Term Debt000052400000
Short Term Debt05003645661,4711,7932,1213,3573,7705,874
Minority Interest1515148141314171114
Trade Payables199160203226361665426413321406
Others Liabilities ⓘ 9,3979,0009,4838,7208,45611,75812,73112,84114,75218,464
Total Liabilities ⓘ 32,19334,09236,10837,19340,70932,24737,91342,28348,55158,820

Fixed Assets

Net Fixed Assets ⓘ +2,0953,4573,5123,8103,9333,6623,1993,3775,0385,856
Gross Block2,5504,1574,4745,2745,6135,5155,3645,3617,3868,565
Accumulated Depreciation4557009621,4641,6801,8532,1651,9852,3472,709
CWIP ⓘ 11,85512,54513,81915,53017,1581,3331,9983,2354,7376,749
Investments ⓘ 6126738599108789019409569781,372
Inventories5405726667249222,1252,6612,7672,6382,522
Trade Receivables1,0441,4731,4252,2242,1402,9544,3613,5097,7459,206
Cash Equivalents 5,3215,4614,6192,4375,8627,9777,09812,36410,08911,387
Others Assets ⓘ 10,7269,91111,20711,5599,81513,29317,65716,07617,32621,728
Total Assets ⓘ 32,19334,09236,10837,19340,70932,24737,91342,28348,55158,820
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 2,1093,3764,0022,1267,2666,9421,8387,3941,8944,996
PBT ⓘ 4,2876,1767,1936,1148,89613,0157,6467,9519,14310,149
Adjustment ⓘ -104412313379389585-125-602-510-172
Changes in Working Capital ⓘ -521-844-903-2087450-2308-36151869-4271-2095
Tax Paid ⓘ -1,553-2,368-2,602-2,280-2,469-4,351-2,068-1,824-2,468-2,885
Cash Flow From Investing Activity ⓘ + 5,171-1,865-789-313-4,316-3,214202-6,076306-3,842
Capex -2,319-2,058-2,006-2,403-1,622-1,198-1,247-1,847-3,230-3,171
Net Investments 6,113-2447231,684-2,936-2,438891-5,2052,385-1,225
Others ⓘ 1,3774374934062424235599761,151554
Cash Flow From Financing Activity ⓘ + -7,249-1,557-3,201-1,753-2,591-4,067-2,067-1,302-2,225-1,092
Net Proceeds from Shares ⓘ 00000000-10
Net Proceeds from Borrowing ⓘ 000052400000
Interest Paid ⓘ -21-37-40-10-17-39-75-78-177-121
Dividend Paid ⓘ -1,461-2,392-2,037-1,953-2,273-4,320-1,099-2,521-2,460-3,077
Others ⓘ -5,767872-1,124209-825292-8931,2974142,106
Net Cash Flow ⓘ 31-461160359-339-2816-2563
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.9816.1818.3813.4121.7139.4227.2623.0823.6323.26
ROCE (%)16.1826.1628.1922.4229.6550.5134.6629.8829.8427.98
Asset Turnover Ratio0.240.350.350.320.390.710.50.530.530.6
PAT to CFO Conversion(x)0.820.890.860.591.160.740.331.330.290.67
Working Capital Days
Receivable Days3839.5043.5056.9051.8035.8075.6067.4085.9096.50
Inventory Days2417.5018.6021.7019.5021.4049.4046.5041.3029.40
Payable Days916.40-3,093.80-2,430-4,509.30-893.70-177.80-467.50-2,113.80239.3024.50

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NMDC Ltd FAQs

The current trading price of NMDC on 09-Sep-2026 16:59 is ₹85.60.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Sep-2026 the market cap of NMDC stood at ₹74,290.9 Cr

The latest P/E ratio of NMDC as of 08-Sep-2026 is 9.96.

The latest P/B ratio of NMDC as of 08-Sep-2026 is 2.07.

The 52-week high of NMDC is ₹97.49 and the 52-week low is ₹72.26.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NMDC is ₹31,715 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that NMDC Ltd is a good quality company.

The key valuation ratios of NMDC Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of NMDC Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About NMDC Ltd

NMDC is a Navaratna Public Sector Enterprise under the Ministry of Steel, Government of India and single largest producer of iron ore in India. It owns and operates highly mechanized iron ore mines in the state of Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana. It also operates the only mechanized diamond mine in India at Panna, Madhya Pradesh. NMDC has its own R&D Centre at Hyderabad which is recognized as a Centre of Excellence by UNIDO (United Nations Industrial Development Organization).

NMDC's unwavering commitment to sustainable and environmentally responsible mining practices is a cornerstone of its operations. The company produces a wide range of products, including iron ore, diamonds, pellets, and wind power, all while adhering to the highest standards of responsible mining. Known for its extensive exploration activities and advanced mining technology, NMDC also places a strong emphasis on community development and ecological balance. Through its strategic initiatives, sustainable mining practices, and continuous innovation in capacity expansion, NMDC has positioned itself as a key player in the global mining sector, setting benchmarks for responsible and sustainable mining operations.

Business area of the company

Established in 1958, NMDC is India's largest and responsible iron ore producer, with a robust presence in the mining industry. Headquartered in Hyderabad, NMDC operates several mines across India, playing a pivotal role in the country’s mineral development. The company offers a diverse range of high-quality iron ore products, each tailored to meet specific industrial requirements. From coarse and fine iron ores to specialised pellets, NMDC's offerings ensure efficient and optimal performance for various steelmaking and related processes. In addition, NMDC produces rough diamonds that cater to the gem and jewellery industry. 

Products of the company

  • Baila ROM
  • Baila Lump
  • DR CLO
  • 10-20 mm Baila
  • Baila Fine
  • Doni Lump
  • Kumaraswamy Lump
  • Kumaraswamy Lump Ore
  • Doni Fines
  • Kumaraswamy Fine
  • Iron Ore Pellets
  • Rough Diamonds

Awards and accolades

  • 2017: NMDC wins the Golden Peacock Corporate Ethics Award 2017.
  • 2018: NMDC Conferred with ET Now CSR Leadership Award in 2018.
  • 2018: NMDC bags the prestigious S&P PLATTS Global Metals Award 2018 under CSR category.
  • 2018: NMDC received Best Financial Performing PSE Award in 2018.
  • 2018: NMDC Bagged prestigious Renewable Energy Award on September 10, 2018.
  • 2019: NMDC Wins Top Accolades at 9th PRCI Excellence Awards 2019.
  • 2019: Shri P.K. Satpathy, Director (Production), NMDC Ltd felicitated as best Director on May 13, 2019.
  • 2019: NMDC bags prestigious standing conference of public enterprises (scope) Excellence Award on August 3, 2019.
  • 2019: NMDC Receives Five Prestigious PRSI Awards on December 16, 2019.
  • 2020: NMDC has bagged Eight Corporate communication Excellence Awards 2020 in a grand ceremony organised during the 14th global communication conclave by Public Relations Council of India (PRCI) at Bangalore. 
  • 2020: NMDC bestowed with the National HR Best Practice Award by NIPM
  • 2021: NMDC Receives Platinum Award in Metal & Mining for Shiksha Sahayog Yojana.
  • 2021: NMDC sweeped eight awards at the Governance Now 8th PSU Awards Ceremony.
  • 2021: NMDC wins Rajbhasha Keerthi Puraskar, the highest honour in Rajbhasha Field.
  • 2021: NMDC Sweeps thirteen PRCI Excellence Awards 2021.
  • 2022: NMDC wins National Awards for Excellence in CSR and Sustainability by ETascent.
  • 2022: NMDC brings home 7 PRSI National Awards in 2022.
  • 2022: NMDC wins IEI Industry Excellence Award 2022.
  • 2023: NMDC Mines awarded 5 Star Rating by IBM.
  • 2023: NMDC Wins Ispat Rajbhasha Award.
  • 2023: NMDC wins ASSOCHAM Awards for Mineral Development and Employer Brand.
  • 2023: NMDC wins Champion of Champions at PRCI Excellence Awards 2023.
  • 2023: NMDC Shines at the D&B PSU Awards 2023.
  • 2023: NMDC shines at the National PR Festival 2023.
  • 2024: NMDC excels at Governance Now 10th PSU Awards.
  • 2024: NMDC wins ASSOCHAM awards 2024.
  • 2024: NMDC Wins the “Best Public Sector Organisation Implementing PR” Award.
  • 2024: NMDC shines at PRSI awards 2024.
  • 2025: NMDC wins at the HYBIZ TV Education Excellence Awards 2024.
  • 2025: NMDC Shines at Technology Excellence Awards 2025.
  • 2025: NMDC wins at the Hybiztv Business Excellence Awards 2025.
  • 2025: NMDC outshines at Governance Now 11th PSU Awards.
  • 2025: NMDC wins the Corporate Governance and Sustainability Vision Awards 2025.

You have 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

Address : The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: