Jindal Steel vs NMDC: share price, P/E, ROE and financials compared
Jindal Steel
NMDC
Jindal Steel and NMDC at a glance
Jindal Steel and NMDC are both listed in Metals & Mining. Jindal Steel is the larger by market cap, at ₹1.2L Cr against ₹61,894 Cr for NMDC (1.9 times as large). On valuation, NMDC has the lower P/E (8.3× against 41.5×) and the lower price-to-book (1.81× against 2.26×). On returns and margins, NMDC has the higher ROCE (28.4% against 7.5%), the higher ROE (23.4% against 5.5%) and the higher operating margin (30.0% against 15.9%). Over three years, NMDC has faster 3-year sales growth (+22.0% against −13.1% a year) and faster 3-year profit growth (+10.0% against −5.4% a year). NMDC carries less debt for its equity, with a debt-to-equity of 0.19× against 0.42×.
Key metrics, side by side
| Metric | Jindal SteelJINDALSTEL | NMDCNMDC |
|---|---|---|
| Price (₹) | 1,165.00 | 70.40 |
| Market cap (₹ Cr) | 1,18,594 | 61,894 |
| P/E | 41.5× | 8.3× (the lower figure, shaded) |
| P/B | 2.26× | 1.81× (the lower figure, shaded) |
| Dividend yield, trailing | 0.17% | 4.97% (the higher figure, shaded) |
| ROE | 5.5% | 23.4% (the higher figure, shaded) |
| ROCE | 7.5% | 28.4% (the higher figure, shaded) |
| Operating margin (OPM) | 15.9% | 30.0% (the higher figure, shaded) |
| Net margin (NPM) | 4.6% | 23.2% (the higher figure, shaded) |
| Sales CAGR 3Y | −13.1% | +22.0% (the higher figure, shaded) |
| Profit CAGR 3Y | −5.4% | +10.0% (the higher figure, shaded) |
| Debt to equity | 0.42× | 0.19× (the lower figure, shaded) |
| Interest cover | 3.8× | 84.7× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 2,854 | – |
| 1Y return | +6.4% (the higher figure, shaded) | −5.2% |
| Promoter holding | 62.69% | 60.79% |
Jindal Steel vs NMDC: common questions
Which is bigger, Jindal Steel or NMDC?
By market cap, Jindal Steel is bigger at ₹1.2L Cr, against ₹61,894 Cr for NMDC (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Jindal Steel or NMDC?
Jindal Steel trades at a P/E of 41.5× and NMDC at 8.3×. NMDC has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Jindal Steel or NMDC?
Jindal Steel reports a return on equity of 5.5% and NMDC 23.4%. NMDC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Jindal Steel or NMDC?
Over the last three years: Sales grew −13.1% a year at Jindal Steel and +22.0% at NMDC, so NMDC grew sales faster; profit grew −5.4% a year at Jindal Steel and +10.0% at NMDC, so NMDC grew profit faster. Past growth doesn’t predict future growth.