Tata Steel vs NMDC: share price, P/E, ROE and financials compared
Tata Steel
NMDC
Tata Steel and NMDC at a glance
Tata Steel and NMDC are both listed in Metals & Mining. Tata Steel is the larger by market cap, at ₹2.3L Cr against ₹61,894 Cr for NMDC (3.8 times as large). On valuation, NMDC has the lower P/E (8.3× against 21.1×) and the lower price-to-book (1.81× against 2.28×). On returns and margins, NMDC has the higher ROCE (28.4% against 11.3%), the higher ROE (23.4% against 11.2%) and the higher operating margin (30.0% against 15.2%). Over three years, NMDC has faster 3-year sales growth (+22.0% against −1.6% a year) and faster 3-year profit growth (+10.0% against +7.2% a year). NMDC carries less debt for its equity, with a debt-to-equity of 0.19× against 0.89×.
Key metrics, side by side
| Metric | Tata SteelTATASTEEL | NMDCNMDC |
|---|---|---|
| Price (₹) | 186.30 | 70.40 |
| Market cap (₹ Cr) | 2,32,397 | 61,894 |
| P/E | 21.1× | 8.3× (the lower figure, shaded) |
| P/B | 2.28× | 1.81× (the lower figure, shaded) |
| Dividend yield, trailing | 2.15% | 4.97% (the higher figure, shaded) |
| ROE | 11.2% | 23.4% (the higher figure, shaded) |
| ROCE | 11.3% | 28.4% (the higher figure, shaded) |
| Operating margin (OPM) | 15.2% | 30.0% (the higher figure, shaded) |
| Net margin (NPM) | 4.6% | 23.2% (the higher figure, shaded) |
| Sales CAGR 3Y | −1.6% | +22.0% (the higher figure, shaded) |
| Profit CAGR 3Y | +7.2% | +10.0% (the higher figure, shaded) |
| Debt to equity | 0.89× | 0.19× (the lower figure, shaded) |
| Interest cover | 3.2× | 84.7× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 11,035 | – |
| 1Y return | +1.5% (the higher figure, shaded) | −5.2% |
| Promoter holding | 32.94% | 60.79% |
Tata Steel vs NMDC: common questions
Which is bigger, Tata Steel or NMDC?
By market cap, Tata Steel is bigger at ₹2.3L Cr, against ₹61,894 Cr for NMDC (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Tata Steel or NMDC?
Tata Steel trades at a P/E of 21.1× 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, Tata Steel or NMDC?
Tata Steel reports a return on equity of 11.2% and NMDC 23.4%. NMDC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Tata Steel or NMDC?
Over the last three years: Sales grew −1.6% a year at Tata Steel and +22.0% at NMDC, so NMDC grew sales faster; profit grew +7.2% a year at Tata Steel and +10.0% at NMDC, so NMDC grew profit faster. Past growth doesn’t predict future growth.