MarketFriction

NMDC Ltd

NSE NMDC · BSE 526371 · Industrial Minerals
₹74.64 -2.48%
NSE close2026-10-01
52 week range72.24 - 97.49
Market cap₹67,697 Cr.
P/E9.07
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty MetalNifty PSENifty Commodities No price band Delivery 48.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,0145,4106,4895,4144,9196,5687,0056,7396,3787,61111,3436,795
Expenses2,8243,4034,3883,0743,5334,1964,9534,2604,3855,4678,7004,327
Operating Profit1,1902,0072,1022,3401,3862,3722,0512,4781,9932,1442,6442,468
OPM %30%37%32%43%28%36%29%37%31%28%23%36%
Other Income32184389365361375492300383372432347
Interest19322123296165278355122
Depreciation898211174103103141109110107152103
Profit before tax1,4041,9772,3592,6081,6142,5842,3382,6432,2592,3752,8732,691
Tax %27%26%40%25%26%27%37%26%26%26%30%25%
Net Profit1,0261,4821,4101,9691,2051,8801,4771,9681,6981,7572,0271,976
EPS in Rs1.171.691.612.241.382.141.682.241.932.002.312.25
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,4568,82811,61512,15311,69915,37025,96517,66721,30823,90632,07132,127
Expenses3,7715,2335,8125,2285,6976,58013,33811,61314,01415,75522,81122,878
Operating Profit2,6853,5955,8036,9256,0038,79012,6266,0547,2948,1509,2609,249
OPM %42%41%50%57%51%57%49%34%34%34%29%29%
Other Income1,6829106675884163517162,0041,0871,5911,4881,535
Interest662137401017397578178121116
Depreciation218197257279295229288336351420477472
Profit before tax4,0844,2876,1767,1946,1148,89613,0167,6467,9529,14310,14910,197
Tax %34%40%38%36%41%30%27%28%30%28%27%
Net Profit2,5442,5433,8084,6173,5736,2769,4295,6015,5676,5207,4507,459
EPS in Rs2.142.684.015.033.897.1410.726.376.347.438.478.49
Dividend Payout %171%64%36%37%45%36%46%35%38%44%41%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%16%22%27%
Compounded Profit Growth11%4%17%14%
Stock Price CAGR11%16%16%1%
Return on Equity21%26%24%23%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital396396316316306306293293293293879879
Reserves31,87028,78422,26624,10125,73827,36729,59117,72522,32825,36328,81733,183
Borrowings01,49705003645661,9941,8002,1283,3594,2766,407
Other Liabilities2,1972,0793,2013,7743,4833,0565,0515,0945,2046,6467,0357,851
Total Liabilities34,46432,75625,78428,69129,89131,29436,93024,91229,95335,66141,00748,320
Fixed Assets1,4682,0582,0953,4573,5123,8103,9333,6623,1993,3775,0385,856
CWIP7,8019,74711,85512,54513,81915,53017,1581,3331,9983,2354,7376,749
Investments3195926126738599108758959409569781,372
Other Assets24,87620,35911,22112,01611,70111,04514,96419,02223,81628,09430,25334,344
Total Assets34,46432,75625,78428,69129,89131,29436,93024,91229,95335,66141,00748,320
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,9992,5022,1093,3764,0022,1267,2666,9421,8387,3941,8944,996
Cash from Investing Activity-5173,6455,171-1,865-789-313-4,316-3,214202-6,076306-3,842
Cash from Financing Activity-3,449-6,290-7,249-1,557-3,201-1,753-2,591-4,067-2,067-1,302-2,225-1,092
Net Cash Flow33-14431-461160359-339-2816-2563
Free Cash Flow1,185-1,073-2111,3181,996-2785,6445,7435905,547-1,3361,826
CFO/OP91%157%102%99%95%73%111%89%65%126%54%85%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days52454346436951429060118105
Inventory Days170
Days Payable27
Cash Conversion Cycle52454346436951429060118247
Working Capital Days10173-4953-19309495567
ROCE %32%14%16%25%28%23%30%50%29%31%30%28%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.79%60.79%60.79%60.79%60.79%60.79%60.79%60.79%60.79%60.79%60.79%60.79%
FIIs8.32%9.91%12.60%12.76%12.60%12.12%11.72%12.21%13.04%13.48%13.60%13.59%
DIIs17.73%17.33%14.09%14.31%14.08%14.46%15.12%14.48%14.38%14.06%13.76%13.80%
Public13.16%11.96%12.51%12.12%12.52%12.62%12.35%12.51%11.76%11.66%11.84%11.80%
No. of Shareholders7,39,3957,49,3308,57,0038,93,8979,68,55210,49,95911,20,68111,42,93811,20,44411,15,69711,30,91411,29,202

Fundamentals

Market Cap₹ 67,697 Cr.
Current Price₹ 77.0
Stock P/E9.07
Book Value₹ 38.7
ROCE27.6 %
ROE23.4 %
Dividend Yield4.55 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)27%
Compounded Profit Growth (TTM)14%
Consolidated figures.
Valuation
Market capRs 65,622 Cr
Enterprise valueRs 60,642 Cr
P/E (TTM)8.80x
Price to book1.93x
Price to sales2.04x
EV / EBITDA5.62x
EV / EBIT5.88x
EV / sales1.89x
Price to cash flow13.13x
Earnings yield11.37%
Dividend yield4.69%
P/E, 3-year average7.27x
P/B, 3-year average1.59x
P/E, 5-year average5.01x
P/B, 5-year average1.19x
Profitability
Operating margin (excl. other income)28.87%
Operating margin (incl. other income)33.51%
EBITDA margin33.57%
Pre-tax margin31.74%
Net profit margin23.22%
Net margin, latest quarter29.08%
ROE23.37%
ROCE27.59%
ROA16.68%
ROE, 3-year average23.35%
ROCE, 3-year average29.02%
ROA, 3-year average16.90%
ROE, 5-year average27.40%
ROCE, 5-year average34.44%
ROA, 5-year average20.32%
ROIC (approx.)25.91%
Tax rate26.94%
Other income / net worth4.37%
Growth
Sales growth (latest year)34.16%
Profit growth (latest year)14.07%
Sales CAGR, 3 years21.99%
Sales CAGR, 5 years15.85%
Profit CAGR, 3 years9.97%
Profit CAGR, 5 years3.49%
Sales growth QoQ-40.09%
Profit growth QoQ-2.51%
Sales growth YoY (latest quarter)0.84%
Profit growth YoY (latest quarter)0.44%
Per share
EPS (TTM)Rs 8.48
EPS (latest year)Rs 8.47
EPS (latest quarter)Rs 2.25
EPS, 3-year averageRs 11.64
EPS, 5-year averageRs 17.24
Book value per shareRs 38.74
Sales per shareRs 36.54
Cash flow per shareRs 5.68
Free cash flow per shareRs 2.08
Dividend per share (latest year)Rs 3.50
Dividend per share, 3-year averageRs 4.68
Dividend per share, 5-year averageRs 7.08
Dividends
Dividend payout41.30%
Dividend payout, 3-year average41.29%
Dividend payout, 5-year average40.84%
Efficiency
Asset turnover0.66x
Fixed asset turnover5.48x
Inventory turnover7.11x
Inventory days51 days
Debtor days105 days
Debtors turnover3.48x
Creditor days27 days
Cash conversion cycle247 days
Working capital days67 days
Leverage
Total debtRs 6,407 Cr
Cash and bankRs 11,387 Cr
Net debtRs -4,981 Cr
Debt to equity0.19x
Net debt / EBITDA-0.46x
Interest coverage89.16x
Current ratio (filing 2026-03-31)2.43x
Quick ratio (filing 2026-03-31)2.22x
Trade payables (filing 2026-03-31)Rs 406 Cr
Owners' fund to total sources70.49%
Debt to assets13.26%
Cash flow
Cash from Operating Activity (latest year)Rs 4,996 Cr
Cash from Investing Activity (latest year)Rs -3,842 Cr
Cash from Financing Activity (latest year)Rs -1,092 Cr
Net Cash Flow (latest year)Rs 63 Cr
Free cash flow (latest year)Rs 1,826 Cr
FCFE (approx.: FCF + change in debt)Rs 3,957 Cr
Cash from ops / profit, 5 years0.67x
Sales to cash flow6.42x
Statement figures
Net sales (TTM)Rs 32,127 Cr
Net sales (latest year)Rs 32,071 Cr
Sales (latest quarter)Rs 6,795 Cr
Operating profit excl. other income (latest year)Rs 9,260 Cr
Operating profit (latest quarter)Rs 2,468 Cr
Other income (TTM)Rs 1,535 Cr
EBITDA (TTM)Rs 10,784 Cr
PBDT (TTM)Rs 10,669 Cr
Profit before tax (TTM)Rs 10,197 Cr
Tax (latest year)Rs 2,734 Cr
Net profit (TTM)Rs 7,459 Cr
Net profit (latest year)Rs 7,450 Cr
Net profit (latest quarter)Rs 1,976 Cr
Depreciation (TTM)Rs 472 Cr
Depreciation (latest quarter)Rs 103 Cr
Interest (TTM)Rs 116 Cr
Cost of goods sold (latest year)Rs 17,924 Cr
Total expenditure (latest year)Rs 22,811 Cr
Total income (latest year)Rs 33,559 Cr
Share capitalRs 879 Cr
ReservesRs 33,183 Cr
Shareholders' fundsRs 34,062 Cr
Total assetsRs 48,320 Cr
Net blockRs 5,856 Cr
Capital work in progressRs 6,749 Cr
InvestmentsRs 1,372 Cr
ReceivablesRs 9,206 Cr
InventoryRs 2,522 Cr
Other liabilitiesRs 7,851 Cr
Shares outstanding (crore)879.18
Ownership
Promoter holding60.79% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 8.8 is at the 55th percentile of its own 9.4-year range (median 8.5, low 3.1, high 16.2).
P/B 1.93 is at the 63th percentile (median 1.66).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNMDCNifty 50Difference
1 week-7.6%-2.8% -4.9 pts
1 month-12.9%-6.8% -6.1 pts
3 months-12.6%-7.6% -5.0 pts
6 months-2.1%+0.4% -2.5 pts
1 year-2.3%-9.9% +7.6 pts
2 years+4.0%-13.6% +17.5 pts
3 years+51.3%+14.2% +37.2 pts
5 years+55.9%+27.9% +28.0 pts
180 mutual fund schemes hold about ₹4,817 Cr. Over three months 133 bought more and 30 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Arbitrage Fund(M0.43%329 +71%
ICICI Pru Arbitrage Fund0.89%310 +10%
SBI Flexicap Fund1.19%276 +16%
SBI Contra Fund0.53%252 +18%
Aditya Birla SL Arbitrage Fund0.90%244 +32%
SBI Arbitrage Fund0.48%225 -20%
Edelweiss Arbitrage Fund1.42%211 +22%
Aditya Birla SL PSU Equity Fund3.46%210 +17%
Nippon India Growth Mid Cap Fund0.38%199 +11%
Tata Arbitrage Fund0.77%193 +53%
SBI PSU Fund2.62%176 -16%
UTI Arbitrage Fund1.48%165 +17%
HDFC Arbitrage Fund(M0.64%164 +4%
Edelweiss Mid Cap Fund0.81%161 -37%
Nippon India Arbitrage Fund0.59%104 +16%
Nippon India Arbitrage Fund(M0.59%100 +16%
SBI Quant Fund2.61%76 +13%
Mahindra Manulife Mid Cap Fund1.32%72 +11%
Aditya Birla SL Value Fund0.77%53 +66%
HSBC Arbitrage Fund(M1.49%49 -20%
Parag Parikh Arbitrage Fund1.74%49 +11%
Bandhan Multi Asset Allocation Fund1.27%47 +10%
Edelweiss Multi Asset Allocation Fund1.49%44 +15%
DSP Natural Res & New Energy Fund1.61%41 +11%
Bandhan Arbitrage Fund(M0.50%40 -29%

Red flags

F-score 4 of 8
lookAuditor change Auditor change 2026-09-08: NMDC Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-07-20The President of India acting throPromotersother147,942Rs 2.45 CrOff Market
2021-07-07The President of India acting throPromoterssell21,950,239Rs 363.14 CrMarket Sale
2021-07-06The President of India acting throPromoterssell197,552,139Rs 3288.23 CrMarket Sale
2021-01-08President of India acting through Promotersother131,169,702Rs 1377.28 CrOthers
2020-02-03President of IndiaPromotersother80,582,119Rs 924.44 CrOff Market
2019-03-07President of India acting through Promotersother78,535,839Rs 769.65 CrOthers
2018-01-10The President of India acting throPromoterssell15,910,928Rs 244.48 CrMarket Sale
2018-01-09The President of India acting throPromoterssell63,643,713Rs 980.05 CrMarket Sale
2016-10-07President of India acting through Promotersother800,820,108Rs 7527.71 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹6,795 Cr +0.8% vs Jun 2025. Net profit ₹1,976 Cr +0.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-10-05Dividend - Re 1 Per Share
2026-02-13Interim Dividend - Rs 2.50 Per Share
2025-08-14Dividend - Re 1 Per Share
2025-03-21Interim Dividend - Rs 2.30 Per Share
2024-12-27Bonus 2:10.3333
2024-09-17Annual General Meeting/Dividend - Rs 1.50 Per Share
2024-02-27Interim Dividend - Rs 5.75 Per Share
2023-08-31Annual General Meeting/Dividend - Rs 2.85 Per Share
2023-02-24Interim Dividend - Rs 3.75 Per Share
2022-10-27Demerger
2022-08-22Annual General Meeting
2022-02-17Interim Dividend - Rs 5.73 Per Share
2021-12-14 Interim Dividend - Rs 9.01 Per Share
2021-09-23 Annual General Meeting
2021-03-22 Interim Dividend - Rs 7.76 Per Share
2020-11-20 Buy Back
2020-09-22 Annual General Meeting
2020-02-18 Interim Dividend - Rs 5.29 Per Share
2019-08-22 Annual General Meeting
2019-03-22 Interim Dividend - Rs 5.52 Per Share
2019-01-17 Buy Back
2018-09-18 Annual General Meeting
2018-03-27 Interim Dividend Rs 4.30 Per Share
2017-09-14 Annual General Meeting/Dividend - Re 1/- Per Share
2017-03-16 Interim Dividend Rs 4.15 Per Share
2016-09-22 Annual General Meeting
2016-08-18 Buy Back
2016-03-30 Interim Dividend - Rs 1.50/- Per Share (Purpose Revised)
2016-02-24 Interim Dividend - Rs 9.50/- Per Share
2015-09-21 Annual General Meeting/ Dividend - Rs 1.30/- Per Share
2015-02-18Second Interim Dividend - Rs 4.25/- Per Share
2014-11-13Interim Dividend - Rs 3/- Per Share
2014-09-18Annual General Meeting
2014-02-17Ii Interim Dividend @ Rs.5.50/- Per Share (Purpose Revised)
2013-11-07Interim Dividend - Rs 3/- Per Share
2013-09-19Annual General Meeting / Final Dividend - Rs 4/- Per Share
2013-02-28Interim Dividend Re 1 Per Share
2012-11-221st Interim Dividend Rs.2/- Per Share
2012-09-13Annual General Meeting And Dividend Rs.2.50 Per Share
2012-02-092nd Interim Dividend Re.1/- Per Share
2011-11-17Interim Dividend Re.1/- Per Share
2011-09-15Dividend-Rs.2.15 Per Share
2011-02-10Interim Dividend-Rs.1.15 Per Share
2010-07-29Annual General Meeting / Dividend Re 1 Per Share
2010-02-04Int Div-Re.0.75 Per Share
2009-08-20Agm/Div-Rs.1.18 Per Share
2009-02-18Interim Dividend -103%
2008-08-04Agm/Final Dividend - 54%
2008-05-21Bonus 2:10.3333
2008-04-10Fv Split Rs.10/- To Re.1/0.1000
DateTypeWhat it says
2026-10-01General UpdatesDetails of Production & Sales of Iron Ore (Provisional) for and upto September, 2026.
2026-09-30Shareholder meetingDetails of Voting Results of 68th Annual General Meeting of NMDC Limited held on 28th September 2026 along with Consolidated Scrutinizers Report.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-27General UpdatesGeneral Updates
2026-09-18General UpdatesGeneral Updates
2026-09-09General UpdatesGeneral Updates
2026-09-08Change in AuditorsChange in Auditors of the company.
2026-09-08General UpdatesNewspaper publication Notice to Shareholders regarding special window for transfer and dematerialization (Demat) of physical securities.
2026-09-07General UpdatesGeneral Updates
2026-09-07General UpdatesGeneral Updates
2026-09-02General UpdatesGeneral Updates
2026-09-01General UpdatesGeneral Updates
2026-08-27CessationCessation of Mr Ashish Chatterjee as Government Director of the company w.e.f. August 24, 2026.
2026-08-24Record DateRecord date for the purpose of Dividend is 05-Oct-2026.
2026-08-24General UpdatesGeneral Updates
2026-08-14General UpdatesGeneral Updates
2026-08-14Board meeting outcomeNMDC Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-08General UpdatesGeneral Updates
2026-08-01Monthly updateMonthly Business Updates for the month of July 2026
2026-07-31ResignationResignation of Director/KMP/SMP
2026-07-30Change in Company Secretary/Change in Company Secretary/Compliance Officer
2026-07-18Director changeChange in Director(s) of the company.
2026-07-15General UpdatesGeneral Updates-Intimation of the receipt of order issued by Ministry of Steel, Government of India in respect of appointment of Shri Vivek Nishant Na...
2026-07-10General UpdatesPrices of Iron Ore w.e.f. 10th July 2026
2026-07-10General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.62
Max pain (expiry 2026-10-27)80
Largest call open interest at80
Largest put open interest at80
Implied volatility, at the money30.0%
Underlying at snapshot74.64
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-2974,250
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2017-07-27NCLATMSPL Limited VS NMDC Limited & Ors
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of NMDC Ltd?

NMDC Ltd (NMDC) has a market capitalisation of Rs 67,697 Cr. at the 2026-10-01 close.

What is the P/E ratio of NMDC Ltd?

NMDC Ltd trades at a P/E of 9.07 on trailing twelve-month profit, at the 2026-10-01 close.

What were NMDC Ltd's latest quarterly results?

In the Jun 2026 quarter, NMDC Ltd sales was Rs 6,795 Cr (+0.8% vs Jun 2025) and net profit was Rs 1,976 Cr.

What is the 52-week high and low of NMDC Ltd?

The 52-week high is Rs 97.49 and the 52-week low is Rs 72.24.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03