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NMDC Ltd

(NMDC)

₹235.971.23%

as on 04:01PM, 08 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

NMDC Ltd Analyst Rating

based on 19 analysts

HOLD

36.84%

Buy

21.05%

Hold

42.11%

Sell

Based on 19 analysts offering long term price targets for NMDC Ltd. An average target of ₹240.42

Source: S&P Global Market Intelligence

NMDC Ltd Share analysis

NMDC Ltd price forecast by 19 analysts

Upside of1.89%

High

₹325

Target

₹240.42

Low

₹180

NMDC Ltd target price ₹240.42, a slight upside of 1.89% compared to current price of ₹235.97. According to 19 analysts rating.

Source: S&P Global Market Intelligence

NMDC Ltd Performance

  • Day's Low

    Day's High

    ₹231.43
    ₹246.24
  • 52 Week's Low

    52 Week's High

    ₹160.4
    ₹286.35
1 Month Return+ 5.26 %
3 Month Return+ 6.52 %
1 Year Return+ 44.72 %
Previous Close₹238.91
Open₹239.98
Volume2.31Cr
Upper Circuit-
Lower Circuit-
Market Cap₹70,015.10Cr

NMDC Ltd Key Statistics

P/E Ratio11.74
PEG Ratio9.34
Market Cap₹70,015.10 Cr
P/B Ratio2.33
EPS19.01
Dividend Yield3.59
SectorMining & Mineral products
ROE23.59

NMDC Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹70,015.10 Cr25.53%0.58₹5,571 Cr₹21,307 Cr
BUY₹52,058.97 Cr2276.92%0.51₹1,242 Cr₹6,521 Cr

About NMDC Ltd

NMDC Limited, formerly known as National Mineral Development Corporation, is a leading Indian public sector company in the mining sector. Incorporated on November 15, 1958, by the Government of India, NMDC is headquartered in Hyderabad, Telangana, and is registered under the Company Identification Number (CIN) L13100TG1958GOI001674. NMDC is primarily involved in the exploration and production of iron ore and other minerals, contributing significantly to India's mineral output. The company also produces various products such as sponge iron, pellets, and diamonds.

NMDC operates across multiple regions in India and has made strategic moves to extend its operations internationally, including a diamond mining project in Panna, Madhya Pradesh, and iron ore exploration in Australia. A notable fact about NMDC is that it is India’s largest iron ore producer and exporter, playing a vital role in the country's mining industry. As a government-owned entity under the Ministry of Steel, NMDC focuses on expanding its mining capacity and enhancing operational efficiency without significant involvement in mergers and acquisitions.

Share Price: ₹235.97 per share as on 08 Nov, 2024 04:01 PM
Market Capitalisation: ₹70,015.10Cr as of today
Revenue: ₹5,414.19Cr as on June 2024 (Q2 24)
Net Profit: ₹1,963.35Cr as on June 2024 (Q2 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 Shares Surge Ahead of Bonus Share Proposal - 06 Nov, 2024

    NMDC Limited's stock rose over 4% as the Board plans to consider bonus shares for the first time in 16 years. The stock is up 48.3% from its 52-week low, reflecting strong investor interest and healthy financial metrics.

  • NMDC Plans Bonus Share Issue, Stock Rises - 05 Nov, 2024

    NMDC Ltd announced a board meeting on November 11 to consider a bonus share issue, leading to a 3.60% rise in stock price. This marks the first bonus consideration in 16 years.

  • NMDC Reports Record Production and Sales in October - 04 Nov, 2024

    NMDC achieved its best-ever October performance with iron ore production rising 4% to 4.07 million tonnes and sales increasing 17% to 4.03 million tonnes, reflecting strong operational excellence and demand.

  • NMDC Achieves Record Production in October - 02 Nov, 2024

    NMDC reports its best-ever performance in October, driven by meticulous mine planning, increased demand, and consistent customer offtake. The company emphasizes sustainable practices and aims to contribute to India's mining sector growth.

  • NMDC Reports Increased Production and Sales Growth - 01 Nov, 2024

    NMDC's iron ore production rose 4% YoY to 4.07 MT in October 2024, while H1 FY25 production increased 5.5% to 135 MT, reflecting strong demand in the steel sector.

  • NMDC Reports Strong Earnings, Denies Merger Talks - 28 Oct, 2024

    NMDC Group announced a significant revenue and profit increase for the first nine months of 2024. The company also denied any ongoing merger discussions with KIOCL, emphasizing transparency and regulatory compliance.

  • NMDC Considers Merger with Kudremukh Iron Ore Company - 27 Oct, 2024

    NMDC is exploring a potential merger with Kudremukh Iron Ore Company due to KIOCL's inability to commence mining operations at Devadiri, with proposals being developed for approval.

  • NMDC Gains Analyst Favor Amid Strategic Collaboration - 24 Oct, 2024

    Analysts recommend NMDC as a strong investment option with a target price of Rs 308. Additionally, RITES Ltd has partnered with NMDC for rail connectivity projects, enhancing operational efficiencies.

  • NMDC Announces Price Hikes and Strategic Collaborations - 23 Oct, 2024

    On October 23, NMDC announced new iron ore prices, leading to a 5% rise in shares. The company also signed a MoA with RITES for rail connectivity projects.

  • NMDC Maintains Production Targets Amid Price Adjustments - 21 Oct, 2024

    NMDC reported a 10% QoQ decline in production volume for 2QFY25, totaling 17.5mt for 1HFY25. Despite weak growth due to monsoon, NMDC maintains its FY25 target of 50mt and recently announced a price hike of INR400/t. Motilal Oswal reiterates a BUY rating with a target price of INR290.

  • New Director Appointed at NMDC Limited - 19 Oct, 2024

    Priyadarshini Gaddam has been selected as the new Director (Personnel) for NMDC Limited, enhancing leadership in the public sector undertaking focused on iron ore mining.

  • Change in Government Director at NMDC Limited - 17 Oct, 2024

    NMDC Limited announced that Ms. Sukriti Likhi has ceased to be the Government Director on its board effective August 19, 2024, following her relinquishment of charge as Additional Secretary and Financial Adviser at the Ministry of Steel.

  • NMDC Shares Rise Amid Positive Weekly Gains - 16 Oct, 2024

    NMDC Ltd shares increased by more than 3.5% over the past week, reaching ₹232. However, a decline in EBITDA per tonne is expected.

  • NMDC Plans Major Capex to Double Production Capacity - 15 Oct, 2024

    NMDC Ltd. plans to invest Rs 75,000 crore to double its production capacity to over 100 million tonnes in the next decade, funded by internal accruals. The company aims to enhance profitability and achieve a capex of Rs 2,200 crore for FY25, with significant investments in infrastructure.

  • NMDC Q2 Profit Expected to Rise Significantly - 11 Oct, 2024

    PL Capital forecasts NMDC's Q2 net profit to increase by 27.8% YoY to Rs. 1,310 crore, with net sales expected to rise 18.3% YoY to Rs. 4,750 crore.

  • NMDC Shares Plummet Amid Disappointing Stimulus News - 08 Oct, 2024

    NMDC Ltd shares faced significant declines on October 8, 2024, dropping as much as 8% due to underwhelming Chinese economic stimulus announcements and a price cut. The stock's performance lagged behind the BSE Metal index and SENSEX, raising concerns about future earnings.

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

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 1.41K Cr → 1.97K Cr (in ₹), with an average increase of 28.3% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 12.12% to 12.53% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, NMDC stock has moved up by 4.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 48.6% return, outperforming this stock by 3.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 124.6% return, outperforming this stock by 64.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 6.41% to 6.28% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 6.90K Cr → 5.77K Cr (in ₹), with an average decrease of 16.4% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.76% to 12.60% in Sep 2024 quarter

NMDC Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹5,394.66Cr (-)₹4,013.98Cr (↓25.59%)₹5,409.90Cr (↑34.78%)₹6,489.31Cr (↑19.95%)₹5,414.19Cr (↓16.57%)
Net Income₹1,661.04Cr (-)₹1,024.86Cr (↓38.30%)₹1,469.73Cr (↑43.41%)₹1,415.62Cr (↓3.68%)₹1,963.35Cr (↑38.69%)
Net Profit Margin30.79% (-)25.53% (↓17.08%)27.17% (↑6.42%)21.81% (↓19.73%)36.26% (↑66.25%)
Value in ₹ crore
Details2021202220232024
Total Assets₹37,033.79Cr (-)₹24,974.61Cr (↓32.56%)₹29,885.16Cr (↑19.66%)₹35,603.23Cr (↑19.13%)
Total Liabilities₹7,277.65Cr (-)₹7,099.35Cr (↓2.45%)₹7,552.85Cr (↑6.39%)₹10,197.45Cr (↑35.01%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹2,052.94Cr (-)₹7,330.36Cr (↑257.07%)₹6,913.62Cr (↓5.69%)₹1,751.86Cr (↓74.66%)₹7,439.43Cr (↑324.66%)

Index Inclusions

S&P BSE CPSE

₹3,896.84

-1.73 (-68.49%)

Nifty Commodities

₹8,770.60

-1.42 (-126.65%)

S&P BSE PSU

₹19,924.39

-1.84 (-373.49%)

Nifty PSE

₹10,153.85

-1.62 (-166.85%)

S&P BSE 250 LargeMidCap

₹10,536.53

-0.57 (-60.03%)

Nifty Midcap 150

₹20,919.90

-1.3 (-274.95%)

Nifty Metal

₹9,308.90

-0.89 (-83.95%)

BSE 200

₹11,109.17

-0.53 (-59.47%)

Nifty Midcap 100

₹56,352.00

-1.33 (-757.15%)

Nifty MidSmallcap 400

₹19,796.45

-1.39 (-280%)

Nifty LargeMidcap 250

₹15,789.35

-0.87 (-138.5%)

S&P BSE Metal

₹30,982.90

-1.05 (-327.82%)

BSE Mid-Cap

₹46,080.07

-1.18 (-548.46%)

Nifty 200

₹13,602.30

-0.58 (-79.45%)

Nifty Midcap 50

₹15,656.90

-1.26 (-199.7%)

S&P BSE Commodities

₹7,505.32

-1.3 (-99.19%)

Nifty 500

₹22,645.65

-0.7 (-160.6%)

BSE 500

₹35,663.87

-0.67 (-239.76%)

S&P BSE 150 MidCap

₹15,831.74

-1.31 (-210.24%)

S&P BSE 400 MidSmallCap

₹12,115.41

-1.4 (-171.94%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

NMDC Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.79%
0.00
Foreign Institutions
12.6%
-1.27
Mutual Funds
6.28%
-2.08
Retail Investors
12.53%
3.31
Others
7.8%
-1.34

NMDC Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)63.7671.9443.3877.1987.54
Details20202021202220232024
Earning Per Share (₹)8.315.0422.7318.919.01
Details20202021202220232024
Return On Equity %13.521.8339.6722.8923.59
Details20202021202220232024
Return On Assets %11.3916.9537.7518.7515.65

NMDC Ltd Valuation

NMDC Ltd in the last 5 years

  • Overview

  • Trends

Lowest (1.04x)

November 17, 2022

Today (11.74x)

November 8, 2024

Industry (22.45x)

November 8, 2024

Highest (16.92x)

December 14, 2020

LowHigh

NMDC Ltd Earnings and Dividends

  • NMDC Ltd Earnings Results

    NMDC Ltd’s net profit jumped 19.28% since last year same period to ₹1,970.77Cr in the Q1 2024-2025. On a quarterly growth basis, NMDC Ltd has generated 39.51% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • NMDC Ltd Dividends May,2024

    In the quarter ending March 2024, NMDC Ltd has declared dividend of ₹1.50 - translating a dividend yield of 3.07%.

    Read More about Dividends

NMDC Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

NMDC Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on NMDC Ltd

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NMDC Ltd (NMDC) share price today is ₹235.97

NMDC Ltd is listed on NSE

NMDC Ltd is listed on BSE

  • Today’s highest price of NMDC Ltd is ₹246.24.
  • Today’s lowest price of NMDC Ltd is ₹231.43.

PE Ratio of NMDC Ltd is 11.74

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

Today’s traded volume of NMDC Ltd(NMDC) is 2.31Cr.

Today’s market capitalisation of NMDC Ltd(NMDC) is ₹70015.1Cr.

NMDC Ltd(NMDCPrice
52 Week High
₹286.35
52 Week Low
₹160.4

NMDC Ltd(NMDC) share price is ₹235.97. It is down -17.59% from its 52 Week High price of ₹286.35

NMDC Ltd(NMDC) share price is ₹235.97. It is up 47.11% from its 52 Week Low price of ₹160.4

NMDC Ltd(NMDCReturns
1 Day Returns
-2.94%
1 Month Returns
5.26%
3 Month Returns
6.52%
1 Year Returns
44.72%