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NMDC Ltd share Price

Company details

6M Return 28.29%
1Y Return 57.25%
Mkt Cap.(Cr) 41,863.71
Volume 3,635,322
Div Yield 4.59%
OI Chg %
Volume 3,635,322

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Steady operational performance…
About The Stock

    Incorporated in 1958, NMDC is Indias largest merchant iron ore miner.

    • During FY22, NMDC’s iron ore production volume was at ~42 million tonne (MT) while sales volume for FY22 was at ~41 MT
    • NMDC is one of the lowest cost iron ore producers in the world

    NMDC reported a steady operational performance in Q3FY23.

    • For Q3FY23, NMDC reported sales volumes of 9.6 million tonnes (MT), up 14% QoQ but down 2% YoY, broadly in line with our estimate of 9.6 MT. Iron ore sales realisation for the quarter was at ₹ 3821/tonne, down 35% YoY and 2% QoQ (our estimate of ₹ 3800/tonne). EBITDA/tonne for the quarter was at ₹ 1193/tonne, up 18% QoQ but down 55% YoY (our estimate of ₹ 1250/tonne)


    • For the quarter, NMDC’s standalone revenue from operations was at ₹ 3720 crore, up 12% QoQ but down 37% YoY, broadly in line with our estimate of ₹ 3704 crore


    • Standalone EBITDA for the quarter was at ₹ 1143 crore, up 34% QoQ but down 56% YoY (our estimate of ₹ 1203 crore). EBITDA margin for the quarter was at 30.7% against our estimate of 32.5% (EBITDA margin of 44.5% in Q3FY22 and 25.7% in Q2FY23)


    • Ensuing standalone PAT for the quarter was at ₹ 890 crore, flattish QoQ (our estimate of ₹ 941 crore). Consolidated PAT for the quarter was at ₹ 904 crore, up 2% QoQ

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Investment recommendation
Steady operational performance…
Call Date
16 Feb 2023
Entry Price 118.00
Target Price 140.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 22,620.83 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,117.66 -3,609.01
LAST 3M 37,244.98 8,192.34
LAST 6M 47,342.46 155,367.92
LAST 12M 134,407.88 155,858.29

NMDC Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • NMDC Ltd is a listed company that operates in Mining & Mineral products and has a market capitalization of Rs 489216.47 crore on 18th August 2021. At the end of June 2021, it registered revenue of Rs 6512.21 crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned number 526371 and scrip code NMDC. As of 17th August 2021, NMDC Ltd is trading at Rs. 166.90.

    NMDC Ltd was incorporated on 15th November 1958, as a fully owned government company named National Mineral Development Corporation Pvt Ltd. In the year 1959-60, the company’s name has been changed from National Mineral Development Corporation Pvt Ltd to National Mineral Development Corporation Limited. NMDC is India’s single largest iron ore producer principally operate its three fully mechanized iron ore mining complexes at Kirandul and Bacheli within the State of Chhattisgarh and Donimalai in the State of Karnataka, each of which mines consists of several iron ore mines. In starting years of incorporation, the company sells its products to domestic markets. Department of Public Enterprise, Govt. of India recognized NDMC Ltd as Mini Ratan in 1998. During the year 2009-10, the Govt. of India disinvested 8.38% of their holding within the company aggregating 332,243,200 equity shares of the face value of Re.1/- each through an Offer for Sale. NMDC signed an MoU on 2nd April 2018 with Indian Rare Earths Limited to explore opportunities in rare earth in India and abroad and also in setting up the downstream value chain for RE compounds.

    In June 2021, net sales were Rs 6512.21 crore, up 236.11% from Rs 1937.50 crore in June 2020. The quarterly Net Profit in June 2021 was Rs. 3192.84 crore, up 499.14% from Rs. 532.90 crore in June 2020. In June 2020, EBITDA will be Rs. 4318.77 crore, up 428.43% from Rs. 817.28 crore in June 2020. From Rs. 1.73 in June 2020, NDMC Ltd EPS has risen to Rs. 10.87 in June 2021. NDMC Ltd’s stock closed at 92.54 on 13th August 2020 (NSE) and has returned 54.26% in the last six months and 85.60% in the previous year.

Registered Address

Khanji Bhavan 10-3-311/A, Castle Hills Masab Tank, Hyderabad, Telangana, 500028

Tel : 91-040-23538723/23538767/23538714
Email : ims:nmdc.co.in
Website : http://www.nmdc.co.in

Aarthi Consultants Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 526371
Book Closure Date (Month) :
BSE Group : A
ISIN : INE584A01023

FAQ’s on NMDC Ltd Shares

You can buy NMDC Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy NMDC Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 11:14 AM the closing price of NMDC Ltd was ₹ 142.85.

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 Sep 22, 2023 11:14 AM, the market cap of NMDC Ltd stood at ₹ 41,863.71.

The latest PE ratio of NMDC Ltd as of Sep 22, 2023 11:14 AM is 8.51

The latest PB ratio of NMDC Ltd as of Sep 22, 2023 11:14 AM is 0.54

The 52-week high of NMDC Ltd is ₹ 154.25 while the 52-week low is ₹ 13.87

According to analyst recommendations, NMDC Ltd has a “Buy” rating for the long term.

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