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NMDC Ltd

Q4 FY26Minerals & Mining

NMDC Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹82
Market cap₹69.6K Cr
P/E9.3
Updated23 Sept 2026
Read4 min read

What the Q4 FY26 call signalled

2 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseNo fundraise planned

The short version

NMDC targets to achieve 60 million tons production in FY27, up from 53 million tons in FY26. NMDC is targeting a production capacity of 100 million tons by the end of the decade, up from 53 million tons in FY26 and aiming for 60 million tons in FY27.

From NMDC Ltd's Q4 FY26 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Good growth
  • NMDC targets to achieve 60 million tons production in FY27, up from 53 million tons in FY26.
  • The company aims to reach 100 million tons of iron ore production by the end of the decade (2030).
  • Expansion projects underway include Deposit 5 (from 12 to 20 million tons), Kirandul (to 30 million tons), Bacheli (to 35 million tons), and new mines Deposit 4 and Deposit 13 expected to add 7 million and 10+ million tons respectively.
  • Coal mining ramps up with Tokisud (1 million tons) and Rohne (peak capacity 8 million tons expected in 1.5-2 years).
  • NMDC expects EBITDA margins around 42-43% for FY27.
  • Capex planned around INR6,000 crores in FY27, scaling up to INR9,000-10,000 crores annually over next 2-3 years to support capacity expansions.

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Profitability & Margins

See what NMDC Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • FY27 Capex Guidance: Around INR 6,000 crores for the current year.
  • Next 2-3 years Capex: Expected to be in the range of INR 7,000 - 10,000 crores per year.
  • Total planned Capex: INR 40,000 to 50,000 crores over the next 3 years aimed at reaching 100 million tons production capacity.
  • Major tenders: Expected awards worth INR 15,000 - 20,000 crores by end of this month or next, with peak execution starting next year.
  • Strategic Investments Abroad: Aggressively pursuing acquisitions in critical minerals and rare earths overseas.

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Top-ranked in Minerals & Mining

Ranked on what management guided this quarter

Guidance-ranked
1Gravita India Ltd
Rev 2Mar 3
2Ashapura Minechem Ltd
Rev 2Mar 3
3
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript does not explicitly provide details about the current or expected order book or pending orders for NMDC Limited. However, some relevant points that can be inferred: - There is a strong and ongoing "order pipeline" supporting capacity expansion and production ramp-up. - Expansion projects are progressing with necessary approvals being obtained on time. - Capex plans indicate large-scale investments (INR 6,000 crores in FY26 and increasing to INR 9,000-10,000 crores next years) for capacity enhancements supporting future orders.

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NMDC Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹7.6K Cr, net profit ₹1.8K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What NMDC Ltd's management said in earlier quarters

Others in Minerals & Mining this season

  • Gravita India Ltd (Q4 FY26)

    Adjusted consolidated EBITDA grew 12% YoY to INR 452.48 crores in FY '26 with margins at 10.6%, and PAT grew 21% YoY with PAT margins at 8.88% (Page 5). Key…

  • Ashapura Minechem Ltd (Q4 FY26)

    Market share growth in bentonite (~35% domestic, >40% export share) with ongoing new product development for oil & gas and foundry sectors. Key concall…

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Frequently Asked Questions

What were NMDC Ltd Q4 FY26 results?

NMDC targets to achieve 60 million tons production in FY27, up from 53 million tons in FY26. NMDC is targeting a production capacity of 100 million tons by the end of the decade, up from 53 million tons in FY26 and aiming for 60 million tons in FY27.

What is NMDC Ltd share price analysis?

NMDC Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 9.3 with a market cap of ₹69,587 Cr. Investors should review the full earnings analysis for detailed insights.

Is NMDC Ltd planning capital expenditure?

FY27 Capex Guidance: Around INR 6,000 crores for the current year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.