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50% Buy

NMDC Share Price

NMDC

₹217.90-₹3.32 (-1.5%) TodayLast updated on 21 Nov, 2024 | 14:34 IST

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  • About NMDC
  • Fundamentals
  • Events
  • F&O (Option chain)
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About NMDC

NMDC Financials

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Market cap
Market Cap Switch₹64,831 Crs
Open
₹222.96
Close
₹221.22
Circuit range
₹243.34 - ₹199.09
Day range
₹215.21 - ₹223.00
Year range
₹167.15 - ₹286.35
Volume
72,67,741
Avg. traded
₹218.29
Revenue (12m)
₹22,232 Crs
NMDC

One of India’s most well-known PSUs, the National Mineral Development Corporation (NMDC) is a Navratna public sector enterprise. NMDC, which comes under the Ministry of Steel, it’s the single-largest producer of iron ore in India.

The company, which was established in November 1958, owns and operates mines in Karnataka and Chhattisgarh. NMDC also mines diamonds from its Majhgawan mine at Panna, Madhya Pradesh. It acquired the Panna Diamond Project in 1966.

The major iron ore-producing mines NMDC include the Bailadila sector in Chhattisgarh and the Donimalai and Kumaraswamy iron ore mines in Karnataka’s Bellary-Hospet region. The Bailadila iron ore range is spread over an area of around 40 km.

In 1998, the company was granted the miniratna status. In 2008, the company expanded its operations outside India for the first time by signing an MoU with Spice Metals and Minerals. NMDC Spice International was established as a joint venture (JV) between the two companies for planning, acquisition, development and management of metal and mineral projects abroad. The same year, the company was conferred the company was granted the Navratna PSU status.

NMDC runs international operations through its subsidiaries and JVs in African nations, South Africa and Australia. In 2010-11 the Central PSU formed a JV in South Africa to explore mineral resources and entered into an MoU with MOSI OA TUNYA Development Company for operating mineral projects in Zimbabwe in 2013.

NMDC business segments

NMDC is primarily engaged in iron ore mining and diamond mining in India. The company’s major businesses included Iron Ore, diamonds, pellets, coal and power.

The company’s market capitalisation stood at ₹54,157 crore as on December 11, 2023. NMDC share price has surged nearly 67% in the last three years. The Government of India holds 60.79% stake in NMDC Ltd (as on September 30, 2023). The FIIs hold 8.32% stake and public shareholding is 13.16%. Life Insurance Corporation of India also holds a 7.5% stake in the company.

NMDC’s subsidiary J&KMDC Ltd is engaged in the exploration and mining of Magnesite, Sapphire, Marble, Limestone, Iron ore, Coal, Phosphate, Manganese ore and other mineral deposits. Karnataka Vijaynagar Steel Ltd, a wholly-owned subsidiary of the company is engaged in the manufacturing of steel and another subsidiary NMDC Steel Ltd owns and operates 3 MTPA Integrated Steel Plant (NISP) at Nagarnar in Chhattisgarh.

Apart from Iron Ore, the company is also engaged in exploration of a range of metals and minerals like copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, tin, tungsten and graphite. The Steel Ministry PSU is producing more than 40 MTPA iron ore from its major iron producing mines in Chhattisgarh and Karnataka.

Financial Highlights

NMDC reported its best ever year in terms of sales and production in FY23.

In FY23, NMDC reported consolidated revenue ₹18,435.1 crore. Its Net Profit stood at ₹5,601.46 crore in FY23. In FY23, its overall production stood at 421.88 Lakh tonne, marking the best ever performance for the company. Total sales in FY23 stood at 382.23 lakh tonnes, marking the best ever year. The iron ore segment contributed revenue of ₹17,459.83 crore in FY 2022-23. The company’s earnings per share (EPS) was at ₹18.86 in FY23.

Nmdc Key indicators

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52 week high
₹286.35
52 week low
₹167.15
P/E ratio
10.67
P/B ratio
2.31
ROE
23.6%
ROCE
30.41%
Dividend yield
3.24%
Debt/Equity ratio
0.13
EPS
19.22

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Investment checklist: (4/6)
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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

50%

Hold

11%

Sell

39%

This analysis is based on the reviews of 18 experts in the last 7 days

NMDC Fundamentals

NMDC Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

40.91%

Net profit margin

26.45%

ROE

23.6%

ROA

14.16%

ROCE

30.41%

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NMDC Shareholder returns

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1 day
-0.67%
1 week
-5.03%
1 month
-4.42%
3 months
+0.62%
1 year
+30.98%
3 years
+62.90%
5 years
+121.11%

Revenue statement

All values are in ₹ Crores (Cr)
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  • Revenue

  • Operating profit

  • Net profit

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Cash flow

All values are in ₹ Crores (Cr)
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  • Operating

  • Investing

  • Financing

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Balance sheet

All values are in ₹ Crores (Cr)
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Total assets

Total liabilities

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Nmdc Share Price history

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DayOpenCloseChange %
Tue, Nov 19 2024
₹223.75
₹221.22
-0.67%
Mon, Nov 18 2024
₹220.06
₹222.71
+1.79%
Thu, Nov 14 2024
₹223.71
₹218.80
-1.98%
Wed, Nov 13 2024
₹224.69
₹223.21
-0.69%
Tue, Nov 12 2024
₹232.00
₹224.76
-3.51%
Mon, Nov 11 2024
₹234.39
₹232.93
-1.29%
Fri, Nov 8 2024
₹239.98
₹235.97
-1.23%
Thu, Nov 7 2024
₹242.00
₹238.91
-0.89%

NMDC Shareholding Pattern

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Promoters (60.79%)

Mutual Funds (6.28%)

Retail and other (12.53%)

Foreign institutions-FII (12.6%)

Other domestic institutions (7.8%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.5/share

    Ex date 17 Sep 2024

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  • Dividend • ₹5.75/share

    Ex date 27 Feb 2024

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  • Dividend • ₹2.85/share

    Ex date 31 Aug 2023

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  • Dividend • ₹3.75/share

    Ex date 24 Feb 2023

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  • Dividend • ₹5.73/share

    Ex date 17 Feb 2022

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  • Dividend • ₹9.01/share

    Ex date 14 Dec 2021

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FAQs on NMDC

What is the Nmdc share price today?

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Nmdc share price is ₹ 217.90 today.

What is today’s high & low share price of Nmdc?

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Nmdc share price high: ₹ 223.00 and low: ₹ 215.21

What is the Nmdc share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 286.35 and Low Price is ₹ 167.15

What is the Nmdc Stock Symbol?

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The Nmdc Stock symbol is NMDC.

Can I buy Nmdc shares on Holidays?

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No, shares of Nmdc or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Nmdc shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.