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NMDC Steel Ltd (NSLNISP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543768 NSE: NSLNISP Steel & Iron Products | Small Cap | NMDC Steel Share Price

₹47.23 1.78 (3.92%)

As on 12-Jun'26 16:59

NMDC Steel Ltd (NSLNISP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543768 NSE: NSLNISP Steel & Iron Products | Small Cap | NMDC Steel Share Price

₹47.23 1.78 (3.92%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹13,841 Cr.
Current Price
₹47.2
52-Week Low / High
₹33 / 54
TTM EPS
₹0.2
TTM Sales
₹13,642 Cr.
Book Value per Share
₹45
P/E Ratio
235.72
Industry PE
25.1
Price to Book (P/B)
1.05
Higher than its 5-year historical median
Price to Sales (P/S)
1.01
In line with its 5-year historical median
EV/EBITDA
11.00
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-16.60%
Underperforms industry median
Return on Capital Employed (ROCE)
-12.98%
Underperforms industry median
Return on Assets (ROA)
-8.54%
Operating Profit Margin
-20.6%
Net Profit Margin
-27.92%
Gross Profit Margin
-27.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
178.88%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
60.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10,243 Cr.
Equity
₹2,930.6 Cr.
Face Value
₹10
All Time Low / High
₹28.35 / 73.67

NMDC Steel stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is NMDC Steel Ltd a good quality company?
NMDC Steel Ltd is a weak quality company, based on a inconsistent 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.

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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.

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How does NMDC Steel Ltd performance compare with that of its Peers?
Q.1 Revenue growth of NMDC Steel Ltd vs industry peers?
NMDC Steel Ltd revenue CAGR is %, compared to the industry median CAGR of 6.81%, indicating slower growth and losing its market share.
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 Stock return of NMDC Steel Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 5.58% based on the current price.
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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)

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 Steel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ-70%-62.4%-161.7%0%0%-8.7%-13%-
Value Creation
Index ⓘ		-6.2-5.6-13.0NANA-1.6-2.0-

Growth Parameters ⓘ
Sales ⓘ000003,0498,50313,642
Sales YoY Gr.-NANANANANA178.9%-
Adj EPS ⓘ-1.8-1.2-1.200-5.3-80.2
YoY Gr.-NANANANANANA-
BVPS (₹) ⓘ2.61.30.1058.252.944.845
Adj Net
Profit ⓘ		-0-0-000-1,556-2,34859
Cash Flow from Ops. ⓘ-0-0-07431,535-2,8251,966-
Debt/CF from Ops. ⓘ0002.32.5-2.43-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA178.9%
Adj EPS ⓘNANANANA
BVPSⓘNA101.7%NA-15.3%
Share Price - - 1.7% 21.1%

Key Financial Parameters ⓘ

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-70.4-62.9-163.200-9.6-16.40.5
Op. Profit
Mgn % ⓘ		00000-46.9-20.611.1
Net Profit
Mgn % ⓘ		00000-51-27.60.4
Debt to
Equity ⓘ		0000.10.20.40.50.2
Working Cap
Days ⓘ		0000059325075
Cash Conv.
Cycle ⓘ		0000017828-61

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales000003,0498,503
Operating Expenses ⓘ + 000004,48610,291
Manufacturing Costs000001,0542,187
Material Costs000003,2167,537
Employee Cost 000005795
Other Costs ⓘ 00000159473
Operating Profit ⓘ -0-0-000-1,437-1,788
Operating Profit Margin (%) ------47.1%-21.0%
Other Income ⓘ + 0000011972
Exceptional Items ⓘ 0000000
Interest ⓘ 00000331652
Depreciation ⓘ 00000553953
Profit Before Tax ⓘ -0-0-000-2,201-3,322
Tax ⓘ 00000-641-948
Profit After Tax -0-0-000-1,560-2,374
PAT Margin (%) ------51.2%-27.9%
Adjusted EPS (₹)-1.8-1.2-1.20.00.0-5.3-8.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of NMDC Steel - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 00014,11817,04915,48813,114
Share Capital ⓘ 00002,9312,9312,931
Reserves ⓘ -0-0-014,11814,11812,55810,184
Debt +0001,6683,8426,1154,926
Long Term Debt0001,6683,8184,2613,289
Short Term Debt0000241,8541,637
Minority Interest0000000
Trade Payables0003033902,5034,832
Others Liabilities ⓘ 0004,4164,2884,6223,999
Total Liabilities ⓘ 00020,50525,56828,72826,872

Fixed Assets

Net Fixed Assets ⓘ +0001,1321,11820,27320,131
Gross Block0001,2381,26020,98721,779
Accumulated Depreciation0001061417151,647
CWIP ⓘ 00017,03819,5451,215717
Investments ⓘ 0000000
Inventories000408603,7033,057
Trade Receivables0000037197
Cash Equivalents 00011,513721908
Others Assets ⓘ 0002,2942,5322,7781,861
Total Assets ⓘ 00020,50525,56828,72826,872

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -0-0-07431,535-2,8251,966
PBT ⓘ -0-0-000-2,201-3,322
Adjustment ⓘ -0-0-0008421,541
Changes in Working Capital ⓘ -00-07431542-14543751
Tax Paid ⓘ 000-0-8-12-4
Cash Flow From Investing Activity ⓘ + 000-1,891-2,207-228-506
Capex 000-1,891-2,155-584-428
Net Investments 0000-33-142-188
Others ⓘ 0000-19498110
Cash Flow From Financing Activity ⓘ + 0001,1441,2932,439-1,460
Net Proceeds from Shares ⓘ 0000000
Net Proceeds from Borrowing ⓘ 0001,1222,151443-972
Interest Paid ⓘ 00000-331-652
Dividend Paid ⓘ 0000000
Others ⓘ 00023-8582,327164
Net Cash Flow ⓘ 0-0-0-4620-6140

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/A00-9.59-16.6
ROCE (%)N/AN/AN/A00-8.69-12.98
Asset Turnover Ratio000000.110.31
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days000004.405
Inventory Days00000273.10145.10
Payable Days00000164.20177.60

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NMDC Steel Ltd FAQs

The current trading price of NMDC Steel on 12-Jun-2026 16:59 is ₹47.23.

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 11-Jun-2026 the market cap of NMDC Steel stood at ₹13,841.3 Cr

The latest P/E ratio of NMDC Steel as of 11-Jun-2026 is 235.7.

The latest P/B ratio of NMDC Steel as of 11-Jun-2026 is 1.05.

The 52-week high of NMDC Steel is ₹53.71 and the 52-week low is ₹33.07.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NMDC Steel is ₹13,642 ( Cr.) .

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

The key valuation ratios of NMDC Steel 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 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

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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