Is NMDC Steel Ltd (NSLNISP) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that NMDC Steel Ltd is a below average quality company .

Is NMDC Steel Ltd (NSLNISP) undervalued or overvalued?

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

What is NMDC Steel Ltd (NSLNISP) share price return in the past 10 years?

Data is not available for this company

Is NMDC Steel Ltd (NSLNISP) a good buy now?

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

What is the share price of NMDC Steel Ltd (NSLNISP)?

Company share prices are keep on changing according to the market conditions. The current trading price of NMDC Steel Ltd (NSLNISP) on 21-Apr-2026 10:29:00 at 10:29 is 42.25.

What is the P/E ratio of NMDC Steel?

The latest standalone P/E ratio of NMDC Steel as of 21-Apr-2026 is 0.00.

What is the P/B ratio of NMDC Steel Ltd (NSLNISP)?

The latest standalone P/B ratio of NMDC Steel Ltd (NSLNISP) as of 21-Apr-2026 is 0.96.

What is the 52-week high and low of NMDC Steel Ltd (NSLNISP)?

The 52-week high of NMDC Steel Ltd (NSLNISP) is Rs. 49.62 and the 52-week low is Rs. 32.95.

NMDC Steel Ltd (NSLNISP) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: NMDC Steel Ltd (NSLNISP)
Brand: NMDC Steel

NMDC Steel Ltd (NSLNISP) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

NMDC Steel Ltd (NSLNISP)

BSE: 543768 NSE: NSLNISP

Key Metrics

Market Cap

₹12,253 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.96

Price to Sales (P/S)

0.97

EV/EBITDA

33.41

Return on Capital Employed (ROCE)

-12.98%

Current Price

₹42.3

Return on Equity (ROE)

-16.60%

Return on Assets (ROA)

-8.54%

Operating Profit Margin

-20.6%

Net Profit Margin

-27.92%

Gross Profit Margin

-27.9%

Book Value per Share

₹43.6

Sales Growth (YoY)

178.88%

Sales Growth (3 Years)

NA%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹33 / 50

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

60.79%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of NMDC Steel Ltd?

NMDC Steel Ltd revenue growth is 178.9% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of NMDC Steel Ltd?

Promoters hold 60.79% of the NMDC Steel Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of NMDC Steel Ltd vs industry peers?

NMDC Steel Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 7.41% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does NMDC Steel Ltd belong to?

NMDC Steel Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.

Q.1 Stock return of NMDC Steel Ltd over the last decade?

Over the last 3 year(s), the stock has delivered a CAGR of 9.9% based on the current price.

DeciZen - make an informed investing decision on NMDC Steel

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

NMDC Steel stock performance

Key Ratios

Is NMDC Steel Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-70%	-62.4%	-161.7%	0%	0%	-8.7%	-13%	-
Value Creation Index ⓘ	-6.2	-5.6	-13.0	NA	NA	-1.6	-2.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	0	3,049	8,503	12,601
Sales YoY Gr.	-	NA	NA	NA	NA	NA	178.9%	-
Adj EPS ⓘ	-1.8	-1.2	-1.2	0	0	-5.3	-8	-2.8
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	2.6	1.3	0.1	0	58.2	52.9	44.8	43.6
Adj Net Profit ⓘ	-0	-0	-0	0	0	-1,556	-2,348	-806
Cash Flow from Ops. ⓘ	-0	-0	-0	743	1,535	-2,825	1,966	-
Debt/CF from Ops. ⓘ	0	0	0	2.3	2.5	-2.4	3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	NA	178.9%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	101.7%	NA	-15.3%
Share Price	-	-	5.5%	15.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-70.4	-62.9	-163.2	0	0	-9.6	-16.4	-6.2
Op. Profit Mgn % ⓘ	0	0	0	0	0	-46.9	-20.6	3.3
Net Profit Mgn % ⓘ	0	0	0	0	0	-51	-27.6	-6.4
Debt to Equity ⓘ	0	0	0	0.1	0.2	0.4	0.5	-
Working Cap Days ⓘ	0	0	0	0	0	593	250	84
Cash Conv. Cycle ⓘ	0	0	0	0	0	178	28	-60

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-2.8	-
TTM Sales (₹ Cr.)	12,601	-
BVPS (₹) ⓘ	43.6	-
Reserves (₹ Cr.) ⓘ	9,851	-
P/BV ⓘ	0.96	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	32.95 / 49.62
All Time Low / High (₹)	28.35 / 73.67
Market Cap (₹ Cr.)	12,253
Equity (₹ Cr.)	2,930.6
Face Value (₹)	10
Industry PE ⓘ	26.9

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of NMDC Steel - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	0	0	0	0	0	3,049	8,503
Operating Expenses ⓘ +	0	0	0	0	0	4,486	10,291
Manufacturing Costs	0	0	0	0	0	1,054	2,187
Material Costs	0	0	0	0	0	3,216	7,537
Employee Cost	0	0	0	0	0	57	95
Other Costs ⓘ	0	0	0	0	0	159	473
Operating Profit ⓘ	-0	-0	-0	0	0	-1,437	-1,788
Operating Profit Margin (%)	-	-	-	-	-	-47.1%	-21.0%
Other Income ⓘ +	0	0	0	0	0	119	72
Exceptional Items ⓘ	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	331	652
Depreciation ⓘ	0	0	0	0	0	553	953
Profit Before Tax ⓘ	-0	-0	-0	0	0	-2,201	-3,322
Tax ⓘ	0	0	0	0	0	-641	-948
Profit After Tax	-0	-0	-0	0	0	-1,560	-2,374
PAT Margin (%)	-	-	-	-	-	-51.2%	-27.9%
Adjusted EPS (₹)	-1.8	-1.2	-1.2	0.0	0.0	-5.3	-8.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	0	0	0	14,118	17,049	15,488	13,114
Share Capital ⓘ	0	0	0	0	2,931	2,931	2,931
Reserves ⓘ	-0	-0	-0	14,118	14,118	12,558	10,184
Debt +	0	0	0	1,668	3,842	6,115	4,926
Long Term Debt	0	0	0	1,668	3,818	4,261	3,289
Short Term Debt	0	0	0	0	24	1,854	1,637
Minority Interest	0	0	0	0	0	0	0
Trade Payables	0	0	0	303	390	2,503	4,832
Others Liabilities ⓘ	0	0	0	4,416	4,288	4,622	3,999
Total Liabilities ⓘ	0	0	0	20,505	25,568	28,728	26,872
Fixed Assets
Net Fixed Assets ⓘ +	0	0	0	1,132	1,118	20,273	20,131
Gross Block	0	0	0	1,238	1,260	20,987	21,779
Accumulated Depreciation	0	0	0	106	141	715	1,647
CWIP ⓘ	0	0	0	17,038	19,545	1,215	717
Investments ⓘ	0	0	0	0	0	0	0
Inventories	0	0	0	40	860	3,703	3,057
Trade Receivables	0	0	0	0	0	37	197
Cash Equivalents	0	0	0	1	1,513	721	908
Others Assets ⓘ	0	0	0	2,294	2,532	2,778	1,861
Total Assets ⓘ	0	0	0	20,505	25,568	28,728	26,872

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0	-0	-0	743	1,535	-2,825	1,966
PBT ⓘ	-0	-0	-0	0	0	-2,201	-3,322
Adjustment ⓘ	-0	-0	-0	0	0	842	1,541
Changes in Working Capital ⓘ	-0	0	-0	743	1542	-1454	3751
Tax Paid ⓘ	0	0	0	-0	-8	-12	-4
Cash Flow From Investing Activity ⓘ +	0	0	0	-1,891	-2,207	-228	-506
Capex	0	0	0	-1,891	-2,155	-584	-428
Net Investments	0	0	0	0	-33	-142	-188
Others ⓘ	0	0	0	0	-19	498	110
Cash Flow From Financing Activity ⓘ +	0	0	0	1,144	1,293	2,439	-1,460
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	1,122	2,151	443	-972
Interest Paid ⓘ	0	0	0	0	0	-331	-652
Dividend Paid ⓘ	0	0	0	0	0	0	0
Others ⓘ	0	0	0	23	-858	2,327	164
Net Cash Flow ⓘ	0	-0	-0	-4	620	-614	0

Finance Ratio

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	0	0	-9.59	-16.6
ROCE (%)	N/A	N/A	N/A	0	0	-8.69	-12.98
Asset Turnover Ratio	0	0	0	0	0	0.11	0.31
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	0	0	0	0	0	4	5
Inventory Days	0	0	0	0	0	273	145
Payable Days	0	0	0	0	0	164	178

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NMDC Steel Ltd FAQs

The current trading price of NMDC Steel on 21-Apr-2026 10:29 is ₹42.25.

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 20-Apr-2026 the market cap of NMDC Steel stood at ₹12,252.9 Cr

The latest P/E ratio of NMDC Steel as of 20-Apr-2026 is 0.00.

The latest P/B ratio of NMDC Steel as of 20-Apr-2026 is 0.96.

The 52-week high of NMDC Steel is ₹49.62 and the 52-week low is ₹32.95.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NMDC Steel is ₹12,601 ( Cr.) .

About NMDC Steel Ltd

NMDC Steel is a Government Company under administrative control of Ministry of Steel, Government of India. The shares of the company are listed on BSE, NSE and Calcutta Stock Exchange. The company owns and operates the state-of-the-art steel plant at Nagarnar, Chhattisgarh. Developed as a strategic initiative of the Government of India, the plant enhances the country’s domestic steel production and reduces reliance on imports.

The Plant is set to establish its mark in the Hot Rolled market with its repertoire of high grade Hot Rolled steel that is slated to meet the requirements of several key consuming sectors on the strength of its technology that includes its most modern Mill. Strategically situated near the rich Bailadila iron ore reserve, the facility benefits from a reliable and high-quality raw-material source. Since commissioning, the company has steadily ramped up operations and begun supplying premium-grade steel to critical sectors such as infrastructure, mobility, energy and engineering.

Located at the Centre of the country, with rail/road connectivity with Raipur, Visakhapatnam and other prominent cities, NMDC Steel is well positioned to meet industrial demand across India. Guided by its aim of purposeful growth, the company is enabling industrial development, while supporting livelihoods and building a stronger, more resilient nation.

Business area of the company

NMDC Steel is a listed Central Public Sector Undertaking (CPSU) under Ministry of Steel, Government of India. Among the major players in the Indian steel sector, the organisation is engaged in the production of quality steel and adding to the country’s manufacturing potential.

Products

Hot Rolled Coils
Hot Rolled Sheets
Hot Rolled Plates

History and milestones

2015: NMDC Steel was established on January 2, 2015, as a wholly owned subsidiary of NMDC, with a mandate to build a 3.0 MTPA integrated steel plant at Nagarnar, Chhattisgarh.
2021: April 1, 2021, was the appointed date for the demerger of NMDC’s Nagarnar Iron & Steel Plant into NMDC Steel.
2022: Vide Order dated October 6, 2022, the Ministry of Corporate Affairs approved the demerger, officially vesting the Steel Plant into NMDC Steel. The demerger came into effect on October 13, 2022.
2022: The company commissioned its first coke oven battery, marking the beginning of the sequential commissioning of major production units.
2023: The second coke oven battery was brought online, enhancing in-house coke production capacity.
2023: On August 15, 2023, the company inaugurated its 4,506 m³ blast furnace with a daily capacity of 9,500 Tonnes of hot metal.
2023: Hot-rolled coil production began on August 31, 2023.
2023: On October 3, 2023, the Nagarnar Steel Plant was formally dedicated to the Nation.
2024-25: The company completed its first full year of operations, achieving significant production ramp-up across all core units.

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NMDC Steel Ltd (NSLNISP) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

NMDC Steel Share Price