NMDC Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 23.4%)
- ✓Efficient capital deployment (ROCE 27.6%)
- ✓Attractively valued vs sector (P/E 11.2x vs industry 32.2x)
- ✓Low debt relative to equity (D/E 0.2x)
- ✓Regular dividends — yield 3.5%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIENT Adani Enterprises Limited | ₹3,043 | ₹3.9L Cr | 120 | 4.85 | -3.38 | 5.8 | 2.03 |
| JSWSTEEL JSW Steel Limited | ₹1,287 | ₹3.2L Cr | 35.2 | 3.15 | 10.1 | 10.9 | 1.22 |
| HINDZINC Hindustan Zinc Limited | ₹569 | ₹2.6L Cr | 19.1 | 10.61 | 76.8 | 69.6 | 0.39 |
| TATASTEEL Tata Steel Limited | ₹207 | ₹2.6L Cr | 22.9 | 2.53 | 11.9 | 12.6 | 1.01 |
| HINDALCO Hindalco Industries Limited | ₹1,092 | ₹2.6L Cr | 14.7 | 1.8 | 13.5 | 13.7 | 0.56 |
| VEDL Vedanta Limited | ₹317 | ₹1.3L Cr | 15.1 | 2.5 | 19 | 16.5 | 2.12 |
| JINDALSTEL JINDAL STEEL LIMITED | ₹1,183 | ₹1.2L Cr | 30.5 | 2.37 | 8.22 | 9.7 | 0.39 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NMDC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% |
| FII | 9.91% | 12.60% | 12.76% | 12.60% | 12.12% | 11.72% |
| DII | 17.33% | 14.09% | 14.31% | 14.08% | 14.46% | 15.12% |
| Public | 11.96% | 12.51% | 12.12% | 12.52% | 12.62% | 12.35% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and recommendation of final dividend for FY 2025-26 (if any).
Interim Dividend - Rs 2.50 Per Share
Dividend - Re 1 Per Share
Interim Dividend - Rs 2.30 Per Share
Bonus 2:1
Annual General Meeting/Dividend - Rs 1.50 Per Share
Interim Dividend - Rs 5.75 Per Share
Annual General Meeting/Dividend - Rs 2.85 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.6K Cr ▲19.3% | ₹6.4K Cr ▼5.4% | ₹6.7K Cr ▼3.8% | ₹7.0K Cr ▲6.7% | ₹6.6K Cr ▲33.5% | ₹4.9K Cr ▼9.1% | ₹5.4K Cr ▼16.6% | ₹6.5K Cr |
| Op. Profit | ₹2.1K Cr ▲7.6% | ₹2.0K Cr ▼19.6% | ₹2.5K Cr ▲20.8% | ₹2.1K Cr ▼13.5% | ₹2.4K Cr ▲71.1% | ₹1.4K Cr ▼40.8% | ₹2.3K Cr ▲11.3% | ₹2.1K Cr |
| OPM | 28.0% ▼9.7% | 31.0% ▼16.2% | 37.0% ▲27.6% | 29.0% ▼19.4% | 36.0% ▲28.6% | 28.0% ▼34.9% | 43.0% ▲34.4% | 32.0% |
| Net Profit | ₹1.8K Cr ▲3.5% | ₹1.7K Cr ▼13.7% | ₹2.0K Cr ▲33.2% | ₹1.5K Cr ▼21.4% | ₹1.9K Cr ▲56.0% | ₹1.2K Cr ▼38.8% | ₹2.0K Cr ▲39.6% | ₹1.4K Cr |
| EPS (₹) | 2 ▲3.6% | 1.93 ▼13.8% | 2.24 ▲33.3% | 1.68 ▼21.5% | 2.14 ▲55.1% | 1.38 ▼38.4% | 2.24 ▲39.1% | 1.61 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹32.1K Cr ▲34.2% | ₹23.9K Cr ▲12.2% | ₹21.3K Cr ▲20.6% | ₹17.7K Cr ▼32.0% | ₹26.0K Cr ▲68.9% | ₹15.4K Cr ▲31.4% | ₹11.7K Cr ▼3.7% | ₹12.2K Cr ▲4.6% | ₹11.6K Cr ▲31.6% | ₹8.8K Cr |
| Expenses | ₹22.8K Cr ▲44.8% | ₹15.8K Cr ▲12.4% | ₹14.0K Cr ▲20.7% | ₹11.6K Cr ▼12.9% | ₹13.3K Cr ▲102.7% | ₹6.6K Cr ▲15.5% | ₹5.7K Cr ▲9.0% | ₹5.2K Cr ▼10.0% | ₹5.8K Cr ▲11.1% | ₹5.2K Cr |
| Op. Profit | ₹9.3K Cr ▲13.6% | ₹8.2K Cr ▲11.7% | ₹7.3K Cr ▲20.5% | ₹6.1K Cr ▼52.1% | ₹12.6K Cr ▲43.6% | ₹8.8K Cr ▲46.4% | ₹6.0K Cr ▼13.3% | ₹6.9K Cr ▲19.3% | ₹5.8K Cr ▲61.4% | ₹3.6K Cr |
| OPM | 29.0% ▼14.7% | 34.0% ▲0.0% | 34.0% ▲0.0% | 34.0% ▼30.6% | 49.0% ▼14.0% | 57.0% ▲11.8% | 51.0% ▼10.5% | 57.0% ▲14.0% | 50.0% ▲22.0% | 41.0% |
| Other Income | ₹1.5K Cr ▼6.5% | ₹1.6K Cr ▲46.4% | ₹1.1K Cr ▼45.8% | ₹2.0K Cr ▲179.9% | ₹716 Cr ▲104.0% | ₹351 Cr ▼15.6% | ₹416 Cr ▼29.3% | ₹588 Cr ▼11.8% | ₹667 Cr ▼26.7% | ₹910 Cr |
| Interest | ₹121 Cr ▼32.0% | ₹178 Cr ▲128.2% | ₹78 Cr ▲4.0% | ₹75 Cr ▲92.3% | ₹39 Cr ▲129.4% | ₹17 Cr ▲70.0% | ₹10 Cr ▼75.0% | ₹40 Cr ▲8.1% | ₹37 Cr ▲76.2% | ₹21 Cr |
| Depreciation | ₹477 Cr ▲13.6% | ₹420 Cr ▲19.7% | ₹351 Cr ▲4.5% | ₹336 Cr ▲16.7% | ₹288 Cr ▲25.8% | ₹229 Cr ▼22.4% | ₹295 Cr ▲5.7% | ₹279 Cr ▲8.6% | ₹257 Cr ▲30.5% | ₹197 Cr |
| PBT | ₹10.1K Cr ▲11.0% | ₹9.1K Cr ▲15.0% | ₹8.0K Cr ▲4.0% | ₹7.6K Cr ▼41.3% | ₹13.0K Cr ▲46.3% | ₹8.9K Cr ▲45.5% | ₹6.1K Cr ▼15.0% | ₹7.2K Cr ▲16.5% | ₹6.2K Cr ▲44.1% | ₹4.3K Cr |
| Tax % | 27.0% ▼3.6% | 28.0% ▼6.7% | 30.0% ▲7.1% | 28.0% ▲3.7% | 27.0% ▼10.0% | 30.0% ▼26.8% | 41.0% ▲13.9% | 36.0% ▼5.3% | 38.0% ▼5.0% | 40.0% |
| Net Profit | ₹7.5K Cr ▲14.3% | ₹6.5K Cr ▲17.1% | ₹5.6K Cr ▼0.6% | ₹5.6K Cr ▼40.6% | ₹9.4K Cr ▲50.2% | ₹6.3K Cr ▲75.7% | ₹3.6K Cr ▼22.6% | ₹4.6K Cr ▲21.2% | ₹3.8K Cr ▲49.7% | ₹2.5K Cr |
| EPS (₹) | 8.47 ▲14.0% | 7.43 ▲17.2% | 6.34 ▼0.5% | 6.37 ▼40.6% | 10.72 ▲50.1% | 7.14 ▲83.5% | 3.89 ▼22.7% | 5.03 ▲25.4% | 4.01 ▲49.6% | 2.68 |
| Div Payout | 41.0% ▼6.8% | 44.0% ▲15.8% | 38.0% ▲8.6% | 35.0% ▼23.9% | 46.0% ▲27.8% | 36.0% ▼20.0% | 45.0% ▲21.6% | 37.0% ▲2.8% | 36.0% ▼43.8% | 64.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹879 Cr ▲0.0% | ₹879 Cr ▲200.0% | ₹293 Cr ▲0.0% | ₹293 Cr ▲0.0% | ₹293 Cr ▲0.0% | ₹293 Cr ▼4.2% | ₹306 Cr ▲0.0% | ₹306 Cr ▼3.2% | ₹316 Cr ▲0.0% | ₹316 Cr |
| Reserves | ₹31.6K Cr ▲9.6% | ₹28.8K Cr ▲13.6% | ₹25.4K Cr ▲13.6% | ₹22.3K Cr ▲26.0% | ₹17.7K Cr ▼40.1% | ₹29.6K Cr ▲8.1% | ₹27.4K Cr ▲6.3% | ₹25.7K Cr ▲6.8% | ₹24.1K Cr ▲8.2% | ₹22.3K Cr |
| Borrowings | ₹3.6K Cr ▼14.9% | ₹4.3K Cr ▲27.3% | ₹3.4K Cr ▲57.8% | ₹2.1K Cr ▲18.2% | ₹1.8K Cr ▼10.0% | ₹2.0K Cr ▲253.4% | ₹566 Cr ▲55.5% | ₹364 Cr ▼27.2% | ₹500 Cr | ₹0 Cr |
| Other Liabilities | ₹6.4K Cr ▼9.3% | ₹7.0K Cr ▲5.9% | ₹6.6K Cr ▲27.7% | ₹5.2K Cr ▲2.2% | ₹5.1K Cr ▲1.0% | ₹5.0K Cr ▲65.1% | ₹3.1K Cr ▼12.3% | ₹3.5K Cr ▼7.7% | ₹3.8K Cr ▲17.9% | ₹3.2K Cr |
| Total Liabilities | ₹42.5K Cr ▲3.6% | ₹41.0K Cr ▲15.0% | ₹35.7K Cr ▲19.1% | ₹30.0K Cr ▲20.2% | ₹24.9K Cr ▼32.5% | ₹36.9K Cr ▲18.0% | ₹31.3K Cr ▲4.7% | ₹29.9K Cr ▲4.2% | ₹28.7K Cr ▲11.3% | ₹25.8K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹5.1K Cr ▲0.7% | ₹5.0K Cr ▲49.2% | ₹3.4K Cr ▲5.6% | ₹3.2K Cr ▼12.6% | ₹3.7K Cr ▼6.9% | ₹3.9K Cr ▲3.2% | ₹3.8K Cr ▲8.5% | ₹3.5K Cr ▲1.6% | ₹3.5K Cr ▲65.0% | ₹2.1K Cr |
| CWIP | ₹5.3K Cr ▲12.1% | ₹4.7K Cr ▲46.4% | ₹3.2K Cr ▲61.9% | ₹2.0K Cr ▲49.9% | ₹1.3K Cr ▼92.2% | ₹17.2K Cr ▲10.5% | ₹15.5K Cr ▲12.4% | ₹13.8K Cr ▲10.2% | ₹12.5K Cr ▲5.8% | ₹11.9K Cr |
| Investments | ₹1.2K Cr ▲23.0% | ₹978 Cr ▲2.3% | ₹956 Cr ▲1.7% | ₹940 Cr ▲5.0% | ₹895 Cr ▲2.3% | ₹875 Cr ▼3.8% | ₹910 Cr ▲5.9% | ₹859 Cr ▲27.6% | ₹673 Cr ▲10.0% | ₹612 Cr |
| Other Assets | ₹30.9K Cr ▲2.1% | ₹30.3K Cr ▲7.7% | ₹28.1K Cr ▲18.0% | ₹23.8K Cr ▲25.2% | ₹19.0K Cr ▲27.1% | ₹15.0K Cr ▲35.5% | ₹11.0K Cr ▼5.6% | ₹11.7K Cr ▼2.6% | ₹12.0K Cr ▲7.1% | ₹11.2K Cr |
| Total Assets | ₹42.5K Cr ▲3.6% | ₹41.0K Cr ▲15.0% | ₹35.7K Cr ▲19.1% | ₹30.0K Cr ▲20.2% | ₹24.9K Cr ▼32.5% | ₹36.9K Cr ▲18.0% | ₹31.3K Cr ▲4.7% | ₹29.9K Cr ▲4.2% | ₹28.7K Cr ▲11.3% | ₹25.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.9K Cr ▼74.4% | ₹7.4K Cr ▲302.3% | ₹1.8K Cr ▼73.5% | ₹6.9K Cr ▼4.5% | ₹7.3K Cr ▲241.8% | ₹2.1K Cr ▼46.9% | ₹4.0K Cr ▲18.5% | ₹3.4K Cr ▲60.1% | ₹2.1K Cr ▼15.7% | ₹2.5K Cr |
| Investing CF | ₹306 Cr ▲105.0% | ₹-6.1K Cr ▼3107.9% | ₹202 Cr ▲106.3% | ₹-3.2K Cr ▲25.5% | ₹-4.3K Cr ▼1278.9% | ₹-313 Cr ▲60.3% | ₹-789 Cr ▲57.7% | ₹-1.9K Cr ▼136.1% | ₹5.2K Cr ▲41.9% | ₹3.6K Cr |
| Financing CF | ₹-2.2K Cr ▼70.9% | ₹-1.3K Cr ▲37.0% | ₹-2.1K Cr ▲49.2% | ₹-4.1K Cr ▼57.0% | ₹-2.6K Cr ▼47.8% | ₹-1.8K Cr ▲45.2% | ₹-3.2K Cr ▼105.6% | ₹-1.6K Cr ▲78.5% | ₹-7.2K Cr ▼15.2% | ₹-6.3K Cr |
| Net Cash Flow | ₹-25 Cr ▼256.3% | ₹16 Cr ▲157.1% | ₹-28 Cr ▲91.7% | ₹-339 Cr ▼194.4% | ₹359 Cr ▲498.3% | ₹60 Cr ▲445.5% | ₹11 Cr ▲123.9% | ₹-46 Cr ▼248.4% | ₹31 Cr ▲121.5% | ₹-144 Cr |
| Free Cash Flow | ₹-1.3K Cr ▼124.1% | ₹5.5K Cr ▲840.2% | ₹590 Cr ▼89.7% | ₹5.7K Cr ▲1.8% | ₹5.6K Cr ▲2130.2% | ₹-278 Cr ▼113.9% | ₹2.0K Cr ▲51.4% | ₹1.3K Cr ▲724.6% | ₹-211 Cr ▲80.3% | ₹-1.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 118d ▲96.7% | 60d ▼33.3% | 90d ▲114.3% | 42d ▼17.6% | 51d ▼26.1% | 69d ▲60.5% | 43d ▼6.5% | 46d ▲7.0% | 43d ▼4.4% | 45d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 118d ▲96.7% | 60d ▼33.3% | 90d ▲114.3% | 42d ▼17.6% | 51d ▼26.1% | 69d ▲60.5% | 43d ▼6.5% | 46d ▲7.0% | 43d ▼4.4% | 45d |
| Working Capital Days | 55d ▲511.1% | 9d ▼90.4% | 94d ▲213.3% | 30d ▲287.5% | -16d ▼130.2% | 53d ▲488.9% | 9d ▲325.0% | -4d ▼233.3% | 3d ▼57.1% | 7d |
| ROCE | 30.0% ▼3.2% | 31.0% ▲6.9% | 29.0% ▼42.0% | 50.0% ▲66.7% | 30.0% ▲30.4% | 23.0% ▼17.9% | 28.0% ▲12.0% | 25.0% ▲56.3% | 16.0% ▲14.3% | 14.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About NMDC Limited
NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.(Source : 202003 Annual Report Page No:119)
Metals & Mining · Minerals & Mining