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78% Buy

NMDC Share Price

NMDC

₹238.90-₹2.20 (-0.91%) Past Year
₹238.10₹243.30
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Company overview

About

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Market cap

Market Cap Switch₹65,367 Cr

Open

₹240.70

Close

₹241.10

Circuit range

₹265.20 - ₹217.00

Day range

₹238.10 - ₹243.30

Year range

₹103.75 - ₹252.40

Volume

1,58,38,383

Avg. traded

₹240.39

Revenue (12m)

₹20,670 Cr

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.

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NMDC Key indicators

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52 week high

₹252.40

52 week low

₹103.75

P/E ratio

10.98

P/B ratio

2.72

ROE

27.5%

ROCE

36.37%

Dividend yield

2.74%

Debt/Equity ratio

0.02

EPS

18.87

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Investment checklist: (5/6)

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Equity returns

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Dividend 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

78%

Hold

5%

Sell

17%

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

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

38.55%

Net profit margin

31.3%

ROE

27.5%

ROA

16.27%

ROCE

36.37%

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NMDC Shareholder returns

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1 day

+5.75%

1 week

+10.75%

1 month

+0.96%

3 months

+14.35%

1 year

+117.50%

3 years

+65.99%

5 years

+131.16%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

NMDC Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹230.00
₹241.10
+4.60%
Tue, Apr 9 2024
₹224.20
₹228.00
+1.67%
Mon, Apr 8 2024
₹219.65
₹224.10
+1.99%
Fri, Apr 5 2024
₹216.70
₹217.90
+0.55%
Thu, Apr 4 2024
₹220.45
₹216.80
-1.68%
Wed, Apr 3 2024
₹215.70
₹217.70
+0.92%
Tue, Apr 2 2024
₹212.00
₹215.70
+1.72%
Mon, Apr 1 2024
₹204.80
₹212.60
+3.67%

Shareholding info

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Promoters (60.79%)

Mutual Funds (8.74%)

Retail and other (11.96%)

Foreign institutions-FII (9.91%)

Other domestic institutions (8.59%)

Promoters

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Events

Corporate actions

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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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Frequently asked questions