JSW Steel vs NMDC: share price, P/E, ROE and financials compared
JSW Steel and NMDC at a glance
JSW Steel and NMDC are both listed in Metals & Mining. JSW Steel is the larger by market cap, at ₹3.3L Cr against ₹61,894 Cr for NMDC (5.4 times as large). On valuation, NMDC has the lower P/E (8.3× against 11.7×) and the lower price-to-book (1.81× against 2.92×). On returns and margins, JSW Steel has the higher ROE (31.9% against 23.4%), while NMDC has the higher ROCE (28.4% against 18.7%) and the higher operating margin (30.0% against 17.7%). Over three years, JSW Steel has faster 3-year profit growth (+75.3% against +10.0% a year), while NMDC has faster 3-year sales growth (+22.0% against +3.6% a year). NMDC carries less debt for its equity, with a debt-to-equity of 0.19× against 0.62×.
Key metrics, side by side
| Metric | JSW SteelJSWSTEEL | NMDCNMDC |
|---|---|---|
| Price (₹) | 1,357.10 | 70.40 |
| Market cap (₹ Cr) | 3,31,265 | 61,894 |
| P/E | 11.7× | 8.3× (the lower figure, shaded) |
| P/B | 2.92× | 1.81× (the lower figure, shaded) |
| Dividend yield, trailing | 0.52% | 4.97% (the higher figure, shaded) |
| ROE | 31.9% (the higher figure, shaded) | 23.4% |
| ROCE | 18.7% | 28.4% (the higher figure, shaded) |
| Operating margin (OPM) | 17.7% | 30.0% (the higher figure, shaded) |
| Net margin (NPM) | 14.3% | 23.2% (the higher figure, shaded) |
| Sales CAGR 3Y | +3.6% | +22.0% (the higher figure, shaded) |
| Profit CAGR 3Y | +75.3% (the higher figure, shaded) | +10.0% |
| Debt to equity | 0.62× | 0.19× (the lower figure, shaded) |
| Interest cover | 4.5× | 84.7× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 28,439 | – |
| 1Y return | +14.7% (the higher figure, shaded) | −5.2% |
| Promoter holding | 44.30% | 60.79% |
JSW Steel vs NMDC: common questions
Which is bigger, JSW Steel or NMDC?
By market cap, JSW Steel is bigger at ₹3.3L Cr, against ₹61,894 Cr for NMDC (prices as of 6 Nov 2026).
Which has a lower P/E ratio, JSW Steel or NMDC?
JSW Steel trades at a P/E of 11.7× 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, JSW Steel or NMDC?
JSW Steel reports a return on equity of 31.9% and NMDC 23.4%. JSW Steel has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, JSW Steel or NMDC?
Over the last three years: Sales grew +3.6% a year at JSW Steel and +22.0% at NMDC, so NMDC grew sales faster; profit grew +75.3% a year at JSW Steel and +10.0% at NMDC, so JSW Steel grew profit faster. Past growth doesn’t predict future growth.