MarketFriction

NMDC Steel Ltd

NSE NSLNISP · BSE 543768 · Iron & Steel
₹40.95 -0.90%
NSE close2026-10-01
52 week range33.01 - 53.75
Market cap₹12,247 Cr.
P/E146
Nifty 500Smallcap 250 Price band 20% Delivery 42.7%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2779261,8462,0231,5222,1202,8383,3653,3903,0083,8793,662
Expenses3501,3352,8012,4241,9632,7763,1292,9583,1832,9103,0733,262
Operating Profit-72-409-956-401-441-656-29140820798806400
OPM %-26%-44%-52%-20%-29%-31%-10%12%6%3.2%21%11%
Other Income131690211318192021192643
Interest4113415515316116517213412812896126
Depreciation75226252239240253221258283252249242
Profit before tax-175-753-1,273-772-829-1,056-66436-183-26448674
Tax %-25%-25%-32%-29%-28%-28%-29%29%-37%-8%19%32%
Net Profit-131-568-861-547-595-758-47326-115-24439251
EPS in Rs-0.45-1.94-2.94-1.87-2.03-2.59-1.620.09-0.39-0.831.340.17
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales00003,0498,50313,64213,938
Expenses00004,48510,29112,12312,428
Operating Profit-0-000-1,436-1,7881,5181,510
OPM %-47%-21%11%11%
Other Income00001197286109
Interest0000331652487479
Depreciation00005539531,0421,026
Profit before tax-0-000-2,201-3,32276114
Tax %0%0%-29%-29%23%
Net Profit-0-000-1,560-2,3745984
EPS in Rs0.00-5.32-8.100.200.29
Dividend Payout %0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%42%
Compounded Profit Growth%468%%105%
Stock Price CAGR%%-7%-7%
Return on Equity%-5%-9%0%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.060.060.002,9312,9312,9312,931
Reserves-0-017,04914,11812,55810,18410,243
Borrowings001,6913,8426,6625,9094,613
Other Liabilities001,7654,6787,2189,44410,451
Total Liabilities0020,50425,56829,36828,46728,237
Fixed Assets001,1321,11820,27320,13119,452
CWIP0017,03819,5451,215717570
Investments0000000
Other Assets002,3344,9047,8817,6198,215
Total Assets0020,50425,56829,36828,46728,237
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0-07431,516-2,8251,9661,796
Cash from Investing Activity00-1,891-2,189-228-506109
Cash from Financing Activity001,1441,2932,439-1,460-1,902
Net Cash Flow-0-0-4620-61402
Free Cash Flow-0-0-1,148-639-3,4091,5381,525
CFO/OP100%100%196%-110%118%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days485
Inventory Days420148160
Days Payable284234248
Cash Conversion Cycle141-77-83
Working Capital Days-92-213-175
ROCE %-200%0%0%-9%-13%3%
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%
FIIs3.94%4.33%4.64%4.52%4.56%4.58%4.60%4.67%5.13%4.81%4.85%5.48%
DIIs20.17%19.10%16.95%16.21%16.06%16.02%16.03%15.90%15.34%15.67%15.85%15.78%
Public15.08%15.76%17.60%18.47%18.59%18.60%18.58%18.63%18.75%18.72%18.50%17.93%
No. of Shareholders6,19,6826,23,5357,34,9758,06,9657,86,8357,97,1918,00,1507,81,6287,61,1947,40,2147,21,3607,11,902

Fundamentals

Market Cap₹ 12,247 Cr.
Current Price₹ 41.8
Stock P/E146
Book Value₹ 45.0
ROCE3.06 %
ROE0.45 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)105%
Standalone figures.
Valuation
Market capRs 12,001 Cr
Enterprise valueRs 14,330 Cr
P/E (TTM)143.43x
Price to book0.70x
Price to sales0.86x
EV / EBITDA8.85x
EV / EBIT24.17x
EV / sales1.03x
Price to cash flow7.92x
Earnings yield0.70%
Profitability
EBITDA margin11.62%
Pre-tax margin0.81%
Net profit margin0.60%
Net margin, latest quarter1.38%
ROE-200.00%
ROCE-200.00%
ROIC (approx.)3.06%
Growth
Sales growth QoQ-5.60%
Profit growth QoQ-87.11%
Sales growth YoY (latest quarter)8.81%
Profit growth YoY (latest quarter)97.61%
Per share
EPS (TTM)Rs 0.29
EPS (latest year)Rs -1.67
EPS (latest quarter)Rs 0.17
Book value per shareRs 58.17
Sales per shareRs 47.56
Cash flow per shareRs 5.17
Free cash flow per shareRs 5.20
Efficiency
Inventory turnover0.00x
Creditor days248 days
Cash conversion cycle-83 days
Working capital days-175 days
Leverage
Total debtRs 3,842 Cr
Cash and bankRs 1,513 Cr
Net debtRs 2,329 Cr
Debt to equity0.23x
Net debt / EBITDA1.44x
Interest coverage1.24x
Current ratio (filing 2026-03-31)0.53x
Quick ratio (filing 2026-03-31)0.21x
Trade payables (filing 2026-03-31)Rs 6,044 Cr
Owners' fund to total sources66.68%
Debt to assets15.03%
Cash flow
Cash from Operating Activity (latest year)Rs 1,516 Cr
Cash from Investing Activity (latest year)Rs -2,189 Cr
Cash from Financing Activity (latest year)Rs 1,293 Cr
Net Cash Flow (latest year)Rs 620 Cr
Free cash flow (latest year)Rs 1,525 Cr
FCFE (approx.: FCF + change in debt)Rs 3,676 Cr
Statement figures
Net sales (TTM)Rs 13,938 Cr
Sales (latest quarter)Rs 3,662 Cr
Operating profit (latest quarter)Rs 400 Cr
Other income (TTM)Rs 109 Cr
EBITDA (TTM)Rs 1,619 Cr
PBDT (TTM)Rs 1,140 Cr
Profit before tax (TTM)Rs 114 Cr
Net profit (TTM)Rs 84 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs 51 Cr
Depreciation (TTM)Rs 1,026 Cr
Depreciation (latest quarter)Rs 242 Cr
Interest (TTM)Rs 479 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 2,931 Cr
ReservesRs 14,118 Cr
Shareholders' fundsRs 17,049 Cr
Total assetsRs 25,568 Cr
Net blockRs 1,118 Cr
Capital work in progressRs 19,545 Cr
InventoryRs 860 Cr
Other liabilitiesRs 4,678 Cr
Shares outstanding (crore)293.06
Ownership
Promoter holding60.79% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodNSLNISPNifty 50Difference
1 week-3.7%-2.8% -1.0 pts
1 month-10.2%-6.8% -3.4 pts
3 months-7.9%-7.6% -0.3 pts
6 months+23.3%+0.4% +22.9 pts
1 year-11.9%-9.9% -1.9 pts
2 years-21.3%-13.6% -7.7 pts
3 years-20.4%+14.2% -34.6 pts
35 mutual fund schemes hold about ₹108 Cr. Over three months 35 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Aditya Birla SL Small Cap Fund0.85%53 +8%
SBI Contra Fund0.03%12 +18%
SBI Comma Fund0.86%11 +9%
Nippon India Nifty Smallcap 250 Index Fund0.24%8 +13%
ICICI Pru PSU Equity Fund0.38%7 +19%
SBI Nifty Smallcap 250 Index Fund0.24%4 +13%
Motilal Oswal Nifty Smallcap 250 Index Fund0.24%3 +13%
ICICI Pru Nifty Smallcap 250 Index Fund0.24%2 +13%
HDFC NIFTY Smallcap 250 Index Fund0.24%2 +13%
Nippon India Nifty 500 Equal Weight Index Fund0.21%1 +20%
JioBlackRock Nifty Smallcap 250 Index Fund0.24%1 +13%
Motilal Oswal Nifty 500 Index Fund0.03%1 +13%
Edelweiss Nifty Smallcap 250 Index Fund0.24%1 +13%
Groww Nifty Smallcap 250 Index Fund0.24%0 +13%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.06%0 +14%
Bandhan Nifty Smallcap 250 Index Fund0.24%0 +13%
Kotak Nifty Smallcap 250 Index Fund0.24%0 +13%
SBI Nifty 500 Index Fund0.03%0 +13%
Kotak BSE PSU Index Fund0.25%0 +19%
AlphaGrep Flexi Cap Fund0.30%0 +100%
Groww Nifty Total Market Index Fund0.03%0 +13%
Axis Nifty 500 Index Fund0.03%0 +13%
HDFC BSE 500 Index Fund0.03%0 +9%
UTI Nifty500 Shariah Index Fund0.09%0 +6%
DSP Nifty Smallcap 250 Index Fund0.24%0 +12%

Red flags

lookRepeated losses Net loss in each of the last two years
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.

Latest quarter

Jun 2026
Sales ₹3,662 Cr +8.8% vs Jun 2025. Net profit ₹51 Cr +96.2%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
JSW Steel Ltd311,16025.811.0 %
Tata Steel Ltd234,69019.812.5 %
Jindal Steel Ltd115,27037.39.70 %
Steel Authority of India Ltd75,10115.67.92 %
Jindal Stainless Ltd60,86718.519.3 %
Sarda Energy & Minerals Ltd17,63115.716.9 %
Vedanta Iron & Steel Ltd12,846%
Sandur Manganese & Iron Ores Ltd8,88112.024.2 %
Jai Balaji Industries Ltd5,77939.59.57 %
Prakash Industries Ltd2,1786.969.56 %
Manaksia Steels Ltd73313.513.4 %
Scan Steels Ltd30413.47.05 %
KIC Metaliks Ltd10833.64.01 %
Ankit Metal & Power Ltd27-34.2 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-08-31Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingDetails of Voting Results of 11th Annual General Meeting of NMDC Steel Limited held on 28th September, 2026 along with Consolidated Scrutinizers Repor...
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-07General UpdatesGeneral Updates
2026-08-28Volume querySignificant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant informati...
2026-08-27CessationCessation of Mr Ashish Chatterjee as Government Director of the company w.e.f. August 24, 2026.
2026-08-27Volume querySignificant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant informati...
2026-08-24General UpdatesGeneral Updates
2026-08-21Credit Rating- RevisionCredit Rating- Revision
2026-08-15Board meeting outcomeNMDC Steel Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31ResignationResignation of Director/KMP/SMP
2026-07-30Change in Company Secretary/Change in Company Secretary/Compliance Officer
2026-07-19AppointmentAppointment of Mr VIVEK NISHANT NATH as Director (Commercial) of the company w.e.f. July 15, 2026.
2026-07-15General UpdatesGeneral Updates
2026-05-29General UpdatesGeneral Updates
2026-05-29Board meeting outcomeNMDC Steel Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-03-31CessationCessation of Mr K RAJ SHEKHAR as Chief Financial Officer of the company w.e.f. March 31, 2026.
2026-03-31AppointmentAppointment of Mr ANURAG KAPIL as Executive Director of the company w.e.f. March 31, 2026.
2026-03-31General UpdatesGeneral Updates
2026-03-20AppointmentAppointment of Mr Krishna Kumar Thakur as Executive Director of the company w.e.f. March 19, 2026.
2026-03-18General UpdatesGeneral Updates
2026-03-17General UpdatesGeneral Updates
2026-02-03Board meeting outcomeNMDC Steel Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-01CessationCessation of Mrs PRIYADARSHINI GADDAM as Executive Director of the company w.e.f. January 04, 2026.
2026-01-27General UpdatesGeneral Updates
2026-01-15General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of NMDC Steel Ltd?

NMDC Steel Ltd (NSLNISP) has a market capitalisation of Rs 12,247 Cr. at the 2026-10-01 close.

What is the P/E ratio of NMDC Steel Ltd?

NMDC Steel Ltd trades at a P/E of 146 on trailing twelve-month profit, at the 2026-10-01 close.

What were NMDC Steel Ltd's latest quarterly results?

In the Jun 2026 quarter, NMDC Steel Ltd sales was Rs 3,662 Cr (+8.8% vs Jun 2025) and net profit was Rs 51 Cr.

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

The 52-week high is Rs 53.75 and the 52-week low is Rs 33.01.

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