NMDC Ltd - Stock Valuation and Financial Performance

BSE: 526371 | NSE: NMDC | Mining & Minerals | Mid Cap

NMDC Share Price

238.65 -2.50 -1.04%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on NMDC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

NMDC stock performance -

mw4me loader
P/E Ratio (CD):
10.98
Market Cap:
70,671.6 Cr.
52-wk low:
103.8
52-wk high:
252.7

Is NMDC Ltd an attractive stock to invest in?

1. Is NMDC Ltd a good quality company?

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

2. Is NMDC Ltd undervalued or overvalued?

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

3. Is NMDC Ltd a good buy now?

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

10 Year X-Ray of NMDC:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 22.1%20.6%8.6%9.6%15.7%18.1%13.4%20.9%36.6%22.3%-
Value Creation
Index
1.00.8-0.2-0.20.40.60.20.92.31.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12,05812,3566,4568,82811,61512,15311,69915,37025,96517,66720,670
Sales YoY Gr.-2.5%-47.8%36.8%31.6%4.6%-3.7%31.4%68.9%-32%-
Adj EPS 1616.26.8811.715.111.921.432.216.222
YoY Gr.-1.4%-58.4%19.1%45.8%28.8%-21.2%80.2%50.2%-49.8%-
BVPS (₹) 75.581.473.671.477.285.190.410261.577.288.6
Adj Net
Profit
6,3386,4252,6772,5443,7084,6203,6426,2779,4304,7356,433
Cash Flow from Ops. 3,7343,9992,5022,1093,3764,0022,1267,2666,9422,466-
Debt/CF from Ops. 000.600.20.10.30.30.30.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%8.8%14.7%-32%
Adj EPS 0.1%6.6%10.8%-49.8%
BVPS0.2%0%-5.1%25.6%
Share Price 4.7% 18% 21.2% 110.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
22.120.78.79.815.818.313.621.839.423.326.5
Op. Profit
Mgn %
64.462.842.540.7505751.357.248.634.335.6
Net Profit
Mgn %
52.952.443.929.331.938.231.440.736.426.431.1
Debt to
Equity
000.100000.10.10-
Working Cap
Days
466475842534381379434325220427169
Cash Conv.
Cycle
41497237434762524389116

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.73%

Net Profit is growing at healthy rate in last 3 years 10.77%

Sales growth is good in last 4 quarters at 16.36%

Return on Equity has declined versus last 3 years average to 26.50%

Latest Financials - NMDC Ltd.

Standalone Consolidated
TTM EPS (₹) 22 22
TTM Sales (₹ Cr.) 20,670 20,670
BVPS (₹.) 87.6 88.6
Reserves (₹ Cr.) 25,389 25,664
P/BV 2.75 2.72
PE 10.96 10.98
From the Market
52 Week Low / High (₹) 103.75 / 252.65
All Time Low / High (₹) 0.40 / 571.80
Market Cap (₹ Cr.) 70,672
Equity (₹ Cr.) 293.1
Face Value (₹) 1
Industry PE 17.4

Management X-Ray of NMDC:

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 (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales12,05812,3566,4568,82811,61512,15311,69915,37025,96517,667
Operating Expenses 4,2944,5923,7145,2335,8125,2285,6976,58113,34011,614
Manufacturing Costs1,5391,9781,4302,0732,7072,5952,6643,52610,6988,635
Material Costs121173104-21-27-17-120-1,052-426
Employee Cost 7067036508891,0491,0391,0491,0851,3371,531
Other Costs 2,0371,9001,5612,1672,0771,6212,0012,0892,3581,874
Operating Profit 7,7647,7652,7423,5955,8036,9246,0028,78912,6246,053
Operating Profit Margin (%) 64.4%62.8%42.5%40.7%50.0%57.0%51.3%57.2%48.6%34.3%
Other Income 2,0972,2691,811910523589514352719768
Interest 206621374010173975
Depreciation 151173218197257279295229288336
Exceptional Items 45-113-18501440-96001,237
Profit Before Tax 9,7549,7484,0844,2886,1777,1946,1158,89613,0167,647
Tax 3,3403,3461,3801,7042,3732,5572,5132,6483,5752,108
Profit After Tax 6,4146,4022,7042,5843,8034,6373,6026,2479,4415,538
PAT Margin (%) 53.2%51.8%41.9%29.3%32.7%38.2%30.8%40.6%36.4%31.3%
Adjusted EPS (₹)16.116.06.48.012.015.111.721.432.219.1
Dividend Payout Ratio (%)53%53%171%64%36%37%45%36%46%35%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 29,94732,26729,18022,58224,41726,04427,67329,88418,01822,621
Share Capital 396396396316316306306293293293
Reserves 29,55031,87028,78422,26624,10125,73827,36729,59117,72522,328
Minority Interest151171515148141314
Debt001,49705003645661,9941,793416
Long Term Debt000000052400
Short Term Debt001,49705003645661,4711,793416
Trade Payables186226325199160203226361665426
Others Liabilities 11,32611,7909,7379,3979,0009,4838,7208,45611,75812,731
Total Liabilities 41,46044,33340,75632,19334,09236,10837,19340,70932,24736,208

Fixed Assets

Gross Block2,7803,0952,3122,5504,1574,4745,2745,6135,5155,366
Accumulated Depreciation1,3691,6272544557009621,4641,6801,8532,170
Net Fixed Assets1,4111,4682,0582,0953,4573,5123,8103,9333,6623,196
CWIP 5,2977,8019,74711,85512,54513,81915,53017,1581,3331,998
Investments 219319594612673859910878901940
Inventories6816926225405726667249222,1252,661
Trade Receivables1,4481,7527961,0441,4731,4252,2242,1402,9542,656
Cash Equivalents 18,66118,48614,8065,3215,4614,6192,4375,8627,9777,098
Others Assets13,74213,81512,13210,7269,91111,20711,5599,81513,29317,659
Total Assets 41,46044,33340,75632,19334,09236,10837,19340,70932,24736,208

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3,7343,9992,5022,1093,3764,0022,1267,2666,9422,466
PBT 9,7529,7474,0834,2876,1767,1936,1148,89613,0157,646
Adjustment -1,885-1,979-947-10441231337938958534
Changes in Working Capital -569-7381067-521-844-903-2087450-2308-3146
Tax Paid -3,567-3,031-1,702-1,553-2,368-2,602-2,280-2,469-4,351-2,068
Cash Flow From Investing Activity 3,444-5173,6455,171-1,865-789-313-4,316-3,21443
Capex -207-273-3,575-2,319-2,058-2,006-2,403-1,622-1,198-1,401
Net Investments 3,74315,2586,113-2447231,684-2,936-2,438886
Others -93-2461,9621,377437493406242423559
Cash Flow From Financing Activity -5,801-3,449-6,290-7,249-1,557-3,201-1,753-2,591-4,067-2,537
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000052400
Interest Paid -20-66-21-37-40-10-17-39-75
Dividend Paid -4,956-2,874-5,988-1,461-2,392-2,037-1,953-2,273-4,320-1,099
Others -843-575-236-5,767872-1,124209-825292-1,362
Net Cash Flow 1,37633-14431-461160359-339-28
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.3320.588.89.9816.1818.3813.4121.7139.4227.26
ROCE (%)33.9631.3413.1916.1826.1628.1922.4229.6550.5136.04
Asset Turnover Ratio0.290.290.150.240.350.350.320.390.710.52
PAT to CFO Conversion(x)0.580.620.930.820.890.860.591.160.740.45
Working Capital Days
Receivable Days38477238404457523658
Inventory Days20203724171922202149
Payable Days5,1707,0421,380916-3,094-2,430-4,509-894-178-467

NMDC Ltd Stock News

NMDC Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NMDC on 12-Apr-2024 10:20 is ₹238.7.
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 12-Apr-2024 10:20 the market cap of NMDC stood at ₹70,671.6.
The latest P/E ratio of NMDC as of 12-Apr-2024 10:20 is 10.96.
The latest P/B ratio of NMDC as of 12-Apr-2024 10:20 is 2.75.
The 52-week high of NMDC is ₹252.7 and the 52-week low is ₹103.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NMDC is ₹20,670 ( Cr.) .

About NMDC Ltd

NMDC is a Navratna PSE under Ministry of Steel, Govt. of India is the single largest producer of iron ore in India owns and operates highly merchandized iron ore mines in CG & Karnataka. NMDC is considered to be one of the low-cost producers of iron ore in the world. It also operates the only merchandized diamond mine in India at Panna, MP. The company is diversifying into steel making and has undertaken several capital intensive projects to modernise and increase capacities to retain its domestic leadership and has also forayed overseas successfully.

Business area of the company

NMDC is engaged in mining of iron ore which is crucial for the steel industry. The core business of our operations produces mineral resources, jobs and infrastructure. The resources company develop create a global value chain that includes exploration, development, extraction, processing, transportation, marketing and logistics, through which company generate economic value.

Products

  • Iron Ore
  • Baila ROM
  • Baila lump
  • DR CLO
  • Baila Fine
  • Doni lump
  • Kumaraswamy Lump
  • 10-20 mm sized Kumaraswamy Lump
  • Doni Fines 
  • Kumaraswamy Fine
  • Slimes

Awards

  • NMDC wins the Golden Peacock Corporate Ethics Award 2017.
  • NMDC Conferred with ET Now CSR Leadership Award in 2018
  • NMDC bags the prestigious S&P PLATTS Global Metals Award 2018 under CSR category.
  • NMDC received Best Financial Performing PSE Award in 2018
  • NMDC Awarded as Best PSE for Implementation of Rajbhasha
  • NMDC Bagged prestigious Renewable Energy Award on September 10, 2018
  • NMDC Wins Top Accolades at 9th PRCI Excellence Awards 2019
  • Shri P.K. Satpathy, Director (Production), NMDC Ltd felicitated as best Director on May 13, 2019
  • NMDC bags prestigious standing conference of public enterprises (scope) Excellence Award on August 3, 2019.
  • NMDC - Best Supporting Organization to Quality Circle Movement
  • NMDC Received coveted ‘Rajbhasha Kirti’ Award
  • NMDC Receives Five Prestigious PRSI Awards on December 16, 2019
  • 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.
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