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On 6 Nov 2026, NMDC was priced at ₹70.40, or 8.3× trailing earnings, against an industry P/E of 19.9×, and the shares are 28% below their 52-week high. Its ROCE of 28% is the highest among the 7 largest Steel peers, and sales and net profit grew 22% and 10.0% a year over 3 years. Its dividend yield is 2.8%, and debt is 0.19× equity. It is a mid-cap company with a market cap of ₹61,894 Cr, ranked 6th of 150 Steel companies by market cap; the shares fell 5.2% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹69.95
Day high
₹70.40
Day low
₹68.50
Prev. close
₹70.41
Volume
1.5 Cr

Health check

3 good · 2 fair · 1 to check
  • ReturnsBehind

    −5.2% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 8.3 vs industry 19.9.

  • GrowthSteady

    Sales +22.0%, profit +10.0% a year over 3 years.

  • ProfitabilityStrong

    ROCE 28.4% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.19× equity, interest covered 84.7×, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Mid cap

₹61,894 Cr, #6 of 150 in its industry by size.

Defensive

Beta 0.66 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹32,127 Cr · profit ₹7,460 Cr
Market cap
₹61,894 Cr
Mid cap
P/E
8.3
Industry 19.9
Price to book
1.81
Peers 2.92
Dividend yield
2.84%
ROE
23.4%
Peers 24.5%
ROCE
28.4%
Peers 18.7%
Debt to equity
0.19
Debt ₹6,407 Cr
EPS (TTM)
₹8.49
Face value ₹1
OPM (TTM)
30.0%
Net margin 23.2%
Sales growth
+0.8%
Latest quarter vs a year ago
Profit growth
+0.4%
Latest quarter vs a year ago
Price to sales
1.93
EV/EBITDA 6.1

Strengths and risks

Strengths

  • Return on equity of 23.4%.
  • Return on capital employed of 28.4%.
  • Dividend yield of 2.84%.
  • Net margin of 23.2%.
  • P/E of 8.3 against an industry P/E of 19.9.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About NMDC

NMDC Limited, together with its subsidiaries, explores for and produces iron ore in India and internationally. It operates through Iron Ore, Trading of HR Coil, and All Other Segments (Pellets, Other Mineral, Products, Services & Others). The company also explores for lithium, copper, rock phosphate, limestone, beach sand, coking and non-coking coal, magnesite, diamond, tungsten, nickel, gold, base metals, and rare earth metals. In addition, it produces…

Headquarters
Hyderabad
Employees
5,730
Sector
Basic Materials
ISIN
INE584A01023
Website
nmdc.co.in

Price range

52 weeks

₹65.15₹97.49

Today

₹68.50₹70.40
Avg volume (3M)
1.6 Cr
1-year return
minus 5.2%
From 52-week high
minus 27.8%

Analyst consensus

23 analysts
HoldMean target ₹88.48 plus 25.7%

Target range, with today’s price

Low ₹67.00High ₹112.00

Next results expected around 12 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
WELCORPWelspun Corp2,204.90minus 7.57%58,14424.624.119.5%14.4%0.1019.5%plus 157.9%
Median of 7 peers–−0.41%1,00,48221.114.918.7%15.2%0.503.6%23.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Dec 25Mar 26Jun 26
7,0056,7397,61111,3436,795
–––+61.9%+0.8%
4,9534,2605,4678,7004,327
2,0512,4782,1442,6442,468
29.3%36.8%28.2%23.3%36.3%
493300373432347
64.927.23551.421.6
141109107152103
2,3382,6432,3752,8732,691
36.6%25.6%26.4%29.8%25.5%
1,4781,9681,7572,0271,976
–––+37.2%+0.4%
1.682.242.002.312.25

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+22.0%
Profit CAGR 3Y
+10.0%
EPS CAGR 3Y
+10.0%
ROE
23.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17,66121,30123,90132,069
–+20.6%+12.2%+34.2%
11,60414,00115,75022,807
6,0577,3018,1519,262
34.3%34.3%34.1%28.9%
7621,3701,5931,488
75.278.2178121
336359420477
1,239−280−2.5−2.7
7,6477,9539,14410,149
27.6%29.9%28.5%26.9%
5,6015,5756,5427,450
–minus 0.5%+17.3%+13.9%
6.376.347.448.47

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
293293879879
22,32825,36328,81733,183
2,1283,3594,2766,407
5,2046,6467,0357,851
29,95335,66141,00748,320
6,2007,72110,92313,694
3,1184,4586,0077,958
0000
7,03412,2759,87811,098
13,60111,20714,19915,569
29,95335,66141,00748,320

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,8387,3941,8944,996
202−6,076306−3,842
−2,067−1,302−2,225−1,092
−27.616.4−24.662.7
−1,247−1,847−3,230−3,171
5905,547−1,3361,826
−1,099−2,521−2,460–

Shareholding pattern

Source: NSE filings
60.8%
promoters
  • Promoters60.79%
  • Public39.21%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202660.79%39.21%0.00
30 Jun 202660.79%39.21%0.00
31 Mar 202660.79%39.21%0.00
31 Dec 202560.79%39.21%0.00
30 Sep 202560.79%39.21%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you