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NMDC Ltd (NMDC)

₹273.254.25%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on NMDC Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

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    Revenue is up for the last 3 quarters, 4.33K Cr → 6.90K Cr (in ₹), with an average increase of 20.7% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 9.91% to 12.60% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

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    Retail Investor have increased holdings from 11.96% to 12.50% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

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    In the last 1 year, NMDC has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 60.79% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

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    In the last 3 years, Jindal Steel & Power Ltd has given 174.1% return, outperforming this stock by 132.3%

  • imgNEGATIVE IMPACT

    Price Dip

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    In the last 1 month, NMDC stock has moved down by -7.1%

  • imgNEGATIVE IMPACT

    Profit Down

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    Netprofit is down for the last 2 quarters, 1.48K Cr → 1.41K Cr (in ₹), with an average decrease of 4.8% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 8.74% to 6.27% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹259.25
    ₹275.6
  • 52 Week's Low

    52 Week's High

    ₹103.8
    ₹286.35
1 Month Return-7.12 %
3 Month Return+ 27.36 %
1 Year Return+ 144.5 %
Previous Close₹262.10
Open₹262.00
Volume2.25Cr
Upper Circuit-
Lower Circuit-
Market Cap₹76,811.18Cr

Analyst Rating

based on 18 analysts

HOLD
44.44%
Buy
11.11%
Hold
44.44%
Sell

Based on 18 analysts offering long term price targets for NMDC Ltd. An average target of ₹246.06

Source: S&P Global Market Intelligence

Company Information

NMDC Ltd is an Indian government owned mining and steel making company incorporated in 1958. NMDC is the largest iron ore producer in India and is one of the top 10 steel producers in the country.

Its operations include mining of iron ore, manganese ore, diamond, and bauxite. Its top products include iron ore, pellets, and steel. Its popular brands include NMDC Iron Ore, NMDC Manganese Ore, NMDC Diamond, and NMDC Bauxite. NMDC is also involved in research and development activities in the field of mineral exploration, extraction, and processing. It has also diversified into renewable energy, power, and infrastructure sectors.

Share Price: ₹273.25 per share as on 20 Jun, 2024 04:01 PM
Market Capitalisation: ₹76,811.18Cr as of today
Revenue: ₹6,489.31Cr as on March 2024 (Q1 24)
Net Profit: ₹1,415.62Cr as on March 2024 (Q1 24)
Listing date: 03 Mar, 2008
Chairperson Name: Amitava Mukherjee
OrganisationNMDC Ltd
HeadquartersHyderabad
IndustryMining & Mineral products
E-voting on sharesClick here to vote

Key events for NMDC Ltd

  • NMDC Unveils State-of-the-Art R&D Center - 20 Jun, 2024

    India's largest iron ore producer, NMDC, has invested over Rs 150 crore in research and development in the past five years. The company has unveiled a new state-of-the-art Research and Development (R&D) Center in Patancheru to advance innovation in mineral processing and sustainable steel technology.

  • NMDC Invests in New R&D Center for Sustainable Steel Technology - 19 Jun, 2024

    India's largest iron ore producer, NMDC, has invested strategically in research and development, allocating over Rs. 150 crores in the past five years, including Rs. 50 crores for a new state-of-the-art R&D Centre in Hyderabad. The facility will focus on advancing innovation in mineral processing and sustainable steel technology.

  • NMDC Unveils State-of-the-Art R&D Centre - 18 Jun, 2024

    NMDC Ltd has unveiled a new state-of-the-art research and development centre in Patancheru, investing Rs 50 crore towards building the facility. The centre will focus on advancing innovation in mineral processing and sustainable steel technology, with cutting-edge laboratories manned by experts fostering innovation in sustainable mineral technology and ore beneficiation. The hydrogen reduction facility integrated with a microwave-assisted heating furnace is expected to play a vital role in developing green steel-making technologies.

  • NMDC Ltd Shows Strong Uptrend - 13 Jun, 2024

    The stock has consistently outperformed and established a strong base around the 20 EMA during the recent correction. It is now moving higher from this base, accompanied by an increase in price and volume activity.

  • NMDC Ltd Gains as Antique Recommends Buy Call - 07 Jun, 2024

    NMDC Ltd stock gained for the third consecutive session, rising by 2.38% to trade at Rs 258.2. Antique recommended a buy call with a target price of Rs 296 per share due to strong volume and higher realization driving margin. The PE ratio of the stock is 12.67 based on TTM earnings ending March 24.

  • NMDC Reports Record Production and Celebrates Sustainability Commitment - 06 Jun, 2024

    NMDC Ltd reported record iron ore production and sales in Q4FY24, with revenues of Rs 64bn. The company also celebrated World Environment Day, pledging to protect the environment and prioritize sustainability.

  • NMDC Reports Decrease in Iron Ore Production and Sales - 03 Jun, 2024

    India's largest iron ore miner, NMDC, reported a 37% YoY decrease in iron ore production for May 2024, with sales falling by 22%. Despite this, NMDC shares rose nearly 5%, while cumulative iron ore output declined in April-May 2024.

  • NMDC Reports Drop in Iron Ore Production and Sales - 02 Jun, 2024

    India's largest iron ore miner, NMDC Ltd, reported a 37% drop in its iron ore production in May 2024 compared to the same month last year. The company's monthly sales also declined by 22%, with cumulative output falling in April-May 2024 from the year-ago period. On Tuesday, NMDC increased prices of lump ore and fines by INR 250 and INR 350 per tonne, respectively.

  • Technical Analyst Recommends Buying NMDC Stock - 01 Jun, 2024

    A technical analyst at Mehta Equities recommends buying NMDC stock with a target price of 285.00 and a stop loss of 248.00. The stock has touched its trendline support mark of 250.00 on its daily time frame charts, making it a strong buy at current levels.

  • Mixed Results for NMDC Ltd in Q4 FY24 - 31 May, 2024

    NMDC Ltd's Q4 FY24 results show a rise in consolidated revenue but a decline in iron-ore production. Analysts are divided on the company's future profitability.

  • Brokerages Raise Target Price for NMDC - 30 May, 2024

    NMDC receives positive reviews from brokerage houses as they raise their target prices while keeping the ratings unchanged. The company has guided for 50-54 mt in FY25-26 after getting approvals for Kumaraswamy EC extensions. Management discusses long-term mining capex program of Rs500bn for augmenting mining capacities to ~100mtpa by FY31E.

  • NMDC Reports FY 2024 Results with Revenue of ₹213.1b - 29 May, 2024

    NMDC reported revenue of ₹213.1b, up 21% YoY, and net income of ₹55.8b, flat on FY 2023. The EPS was down from last year, missing analyst estimates by 4.3%. Iron Ore segment contributed to 99% of total revenue. Forecasted growth is lower than the industry average. Shares are down 8.3% from a week ago.

  • NMDC Hikes Prices of Lump Ore and Fines - 28 May, 2024

    NMDC Ltd increases the prices of its lumps and fines with immediate effect. The company also reports a decline in Q4FY24 net earnings but good growth in top line. State-run NMDC Steel Limited unveils new logo.

  • NMDC Posts Mixed Results for Q4 FY24 - 27 May, 2024

    State-owned mining company NMDC posted mixed results for Q4 FY24 with a decline in net profit but an increase in revenue from operations. The company reported a 62% rise in consolidated net profit in the December quarter and a 37.8% YoY decline in net profit for the March quarter.

  • Indian Government to Sell Significant Stakes in NMDC Steel - 25 May, 2024

    The Indian government's move to finalize the board composition of SCILAL and upcoming selloff of significant stakes in SCI and NMDC Steel signal a robust approach towards disinvestment, aiming to streamline operations and maximize returns from these state-run enterprises.

  • NMDC Launches Vendor Invoice Management and Self-Service Portal - 22 May, 2024

    The State-owned iron ore producer NMDC has launched a vendor invoice management and self-service portal to streamline the procurement life cycle, enhance transparency, and business harmony.

NMDC Ltd Valuation

NMDC Ltd in the last 5 years

  • Overview

  • Trends

Lowest (1.04x)

November 17, 2022

Today (13.78x)

June 19, 2024

Industry (14.58x)

June 19, 2024

Highest (16.92x)

December 14, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth1.85%
Quant Mid Cap Fund Growth Option Direct PlanQuant Mid Cap Fund Growth Option Direct Plan4.22%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth0.81%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth0.68%
Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth1.41%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
60.79%
0.00
Foreign Institutions
12.6%
0.00
Mutual Funds
6.26%
0.00
Retail Investors
12.5%
0.00
Others
7.84%
0.00

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NMDC Ltd (NMDC) share price today is ₹273.25

NMDC Ltd is listed on NSE

NMDC Ltd is listed on BSE

  • Today’s highest price of NMDC Ltd is ₹275.6.
  • Today’s lowest price of NMDC Ltd is ₹259.25.

PE Ratio of NMDC Ltd is 13.78

PE ratio = NMDC Ltd Market price per share / NMDC Ltd Earnings per share

Today’s traded volume of NMDC Ltd(NMDC) is 2.25Cr.

Today’s market capitalisation of NMDC Ltd(NMDC) is ₹76811.18Cr.

NMDC Ltd(NMDCPrice
52 Week High
₹286.35
52 Week Low
₹103.8

NMDC Ltd(NMDC) share price is ₹273.25. It is down -4.57% from its 52 Week High price of ₹286.35

NMDC Ltd(NMDC) share price is ₹273.25. It is up 163.25% from its 52 Week Low price of ₹103.8

NMDC Ltd(NMDCReturns
1 Day Returns
11.15%
1 Month Returns
-7.12%
3 Month Returns
27.36%
1 Year Returns
144.5%