🔔 Production Alert
NMDC reports record iron ore production of 4.51 MnT and sales of 4 MnT in November, marking an 18% and 5.5% rise year-on-year, respectively.
NMDC Ltd Analyst Rating
based on 19 analysts
47.37%
Buy
21.05%
Hold
31.58%
Sell
Based on 19 analysts offering long term price targets for NMDC Ltd. An average target of ₹242.63
Source: S&P Global Market Intelligence
NMDC Ltd Share analysis
NMDC Ltd price forecast by 19 analysts
Upside of4.69%
High
₹325
Target
₹242.63
Low
₹180
NMDC Ltd target price ₹242.63, a slight upside of 4.69% compared to current price of ₹235.68. According to 19 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
NMDC Ltd revenue growth forecast
Expected growth rate Q1, FY2026:19.88%
Forecast
Actual
Including amortisation and stock based compensations
NMDC Ltd EPS growth forecast
EPS estimate Q1, FY2026:31.72%
Forecast
Actual
Source: S&P Global Market Intelligence
NMDC Ltd Performance
Day's Low
Day's High
₹231.99₹236.1452 Week's Low
52 Week's High
₹176.7₹286.35
| Returns % | |
| 1 Month Return | + 2.32 % |
| 3 Month Return | + 7.8 % |
| 1 Year Return | + 25.92 % |
| Market Stats | |
| Previous Close | ₹231.75 |
| Open | ₹232.45 |
| Volume | 59.06L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹67,916.79Cr |
NMDC Ltd Key Statistics
| P/E Ratio | 11.18 |
| PEG Ratio | 15.31 |
| Market Cap | ₹67,916.79 Cr |
| P/B Ratio | 2.33 |
| EPS | 19.01 |
| Dividend Yield | 3.59 |
| Sector | Mining & Mineral products |
| ROE | 23.59 |
NMDC Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹67,916.79 Cr | 22.88% | 0.58 | ₹5,571 Cr | ₹21,307 Cr | |
| BUY | ₹54,908.29 Cr | 2557.3% | 0.51 | ₹1,242 Cr | ₹6,521 Cr |
About NMDC Ltd
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: ₹235.68 per share as on 03 Dec, 2024 04:01 PM
Market Capitalisation: ₹67,916.79Cr as of today
Revenue: ₹4,918.91Cr as on September 2024 (Q3 24)
Net Profit: ₹1,195.63Cr as on September 2024 (Q3 24)
Listing date: 03 Mar, 2008
Chairperson Name: Amitava Mukherjee
| Organisation | NMDC Ltd |
| Headquarters | Hyderabad |
| Industry | Mining & Mineral products |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - 03 Dec
08:01 AM
-Steel Ministry proposes safeguard duty on steel imports, impacting stocks like NMDC.
04:44 PM
-NMDC reports record iron ore production of 4.51 MnT and sales of 4 MnT in November.
Key events for NMDC Ltd
NMDC Achieves Record Production Amid Import Duty Proposal - 03 Dec, 2024
NMDC reported record iron ore production and sales in November, with an 18% and 5.5% increase, respectively. Additionally, the Steel Ministry proposed a safeguard duty on steel imports, affecting NMDC's stock outlook.NMDC Achieves Record Production and Sales in November - 02 Dec, 2024
NMDC reported its best-ever November performance with production at 4.51 million tonnes and sales at 4 million tonnes, reflecting strong operational efficiency and growth strategies. The company aims for 50 million tonnes this fiscal year.NMDC Increases Iron Ore Prices Significantly - 27 Nov, 2024
NMDC has raised lump iron ore prices to ₹6,350 per tonne from ₹5,750, and fines prices to ₹5,410 from ₹5,010, effective October 23.NMDC Maintains Hold Rating Amid Price Uncertainty - 26 Nov, 2024
Sharekhan maintains a 'Hold' rating on NMDC with a revised target price of Rs 240. Despite good volume growth prospects, uncertain pricing outlook due to global iron ore pressures raises concerns.NMDC Announces 2:1 Bonus Issue Amid Market Challenges - 25 Nov, 2024
NMDC Ltd has announced a 2:1 bonus issue, its first in 16 years, rewarding shareholders with two free shares for each existing share. Despite this, the stock has received a SELL rating from brokerages, and the company faces challenges with high iron ore prices and market conditions. The share price closed at Rs 220.70, up 1.40%.NMDC Target Price Set at Rs 253 Amid Challenges - 22 Nov, 2024
Prabhudas Lilladher maintains an ACCUMULATE rating for NMDC, targeting Rs 253. Despite weak Q2FY25 results, NMDC's future looks promising with investments in capacity and infrastructure, aiming for growth in the domestic steel market.NMDC Reports Strong Growth and New Innovations - 21 Nov, 2024
NMDC has established a new vertical for technological advancements, targeting a 100 MnT production capacity by 2030. Additionally, the company reported a 22.54% increase in net sales and an 18.06% rise in net profit for September 2024.NMDC Drives Innovation and Youth Empowerment Initiatives - 20 Nov, 2024
NMDC is focusing on innovation with a new vertical aimed at enhancing production capacity. Additionally, it has trained over 3,000 youth in Chhattisgarh, promoting skill development and economic growth. JSW Group shows interest in NMDC's future opportunities.NMDC Announces Bonus Shares and CSR Initiatives - 19 Nov, 2024
NMDC has announced a bonus share issue, allocated Rs 113.53 crore for CSR projects in Chhattisgarh, and appointed Joydeep Dasgupta as Director (Production). The company emphasizes its commitment to social responsibility and community development.NMDC Shares Rise, Market Cap Increases Significantly - 18 Nov, 2024
On November 18, 2024, NMDC shares increased by 1.86%, boosting the market capitalization by ₹1,196.38 crore. Additionally, the company allocated ₹113.53 crore for CSR projects in Chhattisgarh, emphasizing its commitment to sustainable development.New Director of Production Appointed at NMDC - 17 Nov, 2024
Joydeep Dasgupta has been appointed as the Director (Production) of NMDC Limited, effective November 16, 2024, serving until April 30, 2028, or until further notice.NMDC Announces Bonus Share Issue After 15 Years - 16 Nov, 2024
NMDC has approved a bonus share issue in a 2:1 ratio, marking its first bonus issuance since 2008. Eligible shareholders will receive two bonus shares for every existing share, with the record date to be announced later.NMDC Announces Key Appointments and Financial Growth - 15 Nov, 2024
NMDC has made significant strides with the appointment of Amitava Mukherjee as CMD and Joydeep Dasgupta as Director (Production). The company reported a 23% YoY revenue increase in Q2FY25, despite production challenges. Additionally, the electrification of the Nagarnar plant's railway siding enhances logistics capabilities.NMDC Updates: Leadership Change and Operational Enhancements - 14 Nov, 2024
NMDC is undergoing leadership changes with Amitava Mukherjee's recommendation as Chairman. The company also enhances logistics with electric traction and maintains strong market positioning.NMDC Steel Reports Significant Revenue Growth Despite Loss - 13 Nov, 2024
NMDC Steel reported a net loss of Rs 595.37 crore in Q2 FY25, widening from a loss of Rs 131.10 crore in Q2 FY24. However, revenue from operations surged 448.8% to Rs 1,522.35 crore compared to Rs 277.41 crore in the previous year.NMDC Shares Decline Despite Strong Q2 Performance - 12 Nov, 2024
NMDC's shares dropped over 4% following Q2FY25 results, which showed a 23% YoY profit increase and a 2:1 bonus share issue. JP Morgan set a target price of Rs 210, indicating further downside potential. Despite revenue growth, results missed estimates, leading to a cautious outlook.NMDC Reports Q2 Growth and Bonus Share Approval - 11 Nov, 2024
NMDC Ltd. announced a 17% increase in Q2 net profit to ₹1,196 crore and approved a 2:1 bonus share issue, enhancing shareholder value.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.
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.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 12.12% to 12.53% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Jindal Steel & Power Ltd has given 34.8% return, outperforming this stock by 8.9%
- NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 155.5% return, outperforming this stock by 96.8%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 60.79% of holdings in Sep 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 6 months, NMDC stock has moved down by -13.5%
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 1.97K Cr → 1.21K Cr (in ₹), with an average decrease of 38.5% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 12.76% to 12.60% in Sep 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 3 quarters, 6.90K Cr → 5.27K Cr (in ₹), with an average decrease of 12.5% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 6.41% to 6.28% in Sep 2024 quarter
NMDC Ltd Financials
Index Inclusions
NMDC Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 60.79% | 0.00 | |
| Foreign Institutions | 12.6% | ||
| Mutual Funds | 6.28% | ||
| Retail Investors | 12.53% | 3.31 | |
| Others | 7.8% |
NMDC Ltd Key Indicators
NMDC Ltd Valuation
NMDC Ltd in the last 5 years
Lowest (1.04x)
November 17, 2022
Today (11.18x)
December 2, 2024
Industry (21.92x)
December 2, 2024
Highest (16.92x)
December 14, 2020
NMDC Ltd Earnings and Dividends
NMDC Ltd Earnings Results
NMDC Ltd’s net profit jumped 18.06% since last year same period to ₹1,211.57Cr in the Q2 2024-2025. On a quarterly growth basis, NMDC Ltd has generated -38.52% fall in its net profits since last 3-months.
Read More about Earnings ResultsNMDC Ltd Dividends May,2024
In the quarter ending March 2024, NMDC Ltd has declared dividend of ₹1.50 - translating a dividend yield of 3.13%.
Read More about Dividends
NMDC Ltd Technicals Summary
Bearish
Neutral
Bullish
NMDC Ltd is currently in a Bullish trading position according to technical analysis indicators.
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NMDC Ltd (NMDC) share price today is ₹235.68
NMDC Ltd is listed on NSE
NMDC Ltd is listed on BSE
- Today’s highest price of NMDC Ltd is ₹236.14.
- Today’s lowest price of NMDC Ltd is ₹231.99.
PE Ratio of NMDC Ltd is 11.18
PE ratio = NMDC Ltd Market price per share / NMDC Ltd Earnings per share
Today’s traded volume of NMDC Ltd(NMDC) is 59.06L.
Today’s market capitalisation of NMDC Ltd(NMDC) is ₹67916.79Cr.
| NMDC Ltd(NMDC | Price |
|---|---|
52 Week High | ₹286.35 |
52 Week Low | ₹176.7 |
NMDC Ltd(NMDC) share price is ₹235.68. It is down -17.70% from its 52 Week High price of ₹286.35
NMDC Ltd(NMDC) share price is ₹235.68. It is up 33.38% from its 52 Week Low price of ₹176.7
| NMDC Ltd(NMDC | Returns |
|---|---|
1 Day Returns | 3.93% |
1 Month Returns | 2.32% |
3 Month Returns | 7.8% |
1 Year Returns | 25.92% |