Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of NMDC Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,720 | 5,851 | 5,395 | 4,014 | 5,410 | 6,489 | 5,414 | 4,919 | 6,568 | 7,005 | 6,739 | 6,378 | 7,611 |
| Expenses + | 2,579 | 3,689 | 3,401 | 2,824 | 3,403 | 4,388 | 3,074 | 3,533 | 4,196 | 4,953 | 4,260 | 4,385 | 5,467 |
| Operating Profit | 1,141 | 2,162 | 1,994 | 1,190 | 2,007 | 2,102 | 2,340 | 1,386 | 2,372 | 2,051 | 2,478 | 1,993 | 2,144 |
| OPM % | 31% | 37% | 37% | 30% | 37% | 32% | 43% | 28% | 36% | 29% | 37% | 31% | 28% |
| Other Income + | 205 | 1,228 | 294 | 321 | 84 | 389 | 365 | 361 | 375 | 492 | 300 | 383 | 372 |
| Interest | 30 | 12 | 6 | 19 | 32 | 21 | 23 | 29 | 61 | 65 | 27 | 8 | 35 |
| Depreciation | 84 | 93 | 69 | 89 | 82 | 111 | 74 | 103 | 103 | 141 | 109 | 110 | 107 |
| Profit before tax | 1,232 | 3,285 | 2,212 | 1,404 | 1,977 | 2,359 | 2,608 | 1,614 | 2,584 | 2,338 | 2,643 | 2,259 | 2,375 |
| Tax % | 27% | 31% | 25% | 27% | 26% | 40% | 25% | 26% | 27% | 37% | 26% | 26% | 26% |
| Net Profit + | 914 | 2,272 | 1,653 | 1,026 | 1,482 | 1,410 | 1,969 | 1,205 | 1,880 | 1,477 | 1,968 | 1,698 | 1,757 |
| EPS in Rs | 1.04 | 2.58 | 1.88 | 1.17 | 1.69 | 1.61 | 2.24 | 1.38 | 2.14 | 1.68 | 2.24 | 1.93 | 2.00 |
Financials of NMDC Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 12,058 | 12,356 | 6,456 | 8,828 | 11,615 | 12,153 | 11,699 | 15,370 | 25,965 | 17,667 | 21,308 | 23,906 | 27,732 |
| Expenses + | 4,335 | 4,591 | 3,771 | 5,233 | 5,812 | 5,228 | 5,697 | 6,580 | 13,338 | 11,613 | 14,014 | 15,755 | 19,065 |
| Operating Profit | 7,723 | 7,765 | 2,685 | 3,595 | 5,803 | 6,925 | 6,003 | 8,790 | 12,626 | 6,054 | 7,294 | 8,150 | 8,667 |
| OPM % | 64% | 63% | 42% | 41% | 50% | 57% | 51% | 57% | 49% | 34% | 34% | 34% | 31% |
| Other Income + | 2,182 | 2,155 | 1,682 | 910 | 667 | 588 | 416 | 351 | 716 | 2,004 | 1,087 | 1,591 | 1,548 |
| Interest | 2 | 0 | 66 | 21 | 37 | 40 | 10 | 17 | 39 | 75 | 78 | 178 | 135 |
| Depreciation | 151 | 173 | 218 | 197 | 257 | 279 | 295 | 229 | 288 | 336 | 351 | 420 | 466 |
| Profit before tax | 9,753 | 9,747 | 4,084 | 4,287 | 6,176 | 7,194 | 6,114 | 8,896 | 13,016 | 7,646 | 7,952 | 9,143 | 9,614 |
| Tax % | 34% | 34% | 34% | 40% | 38% | 36% | 41% | 30% | 27% | 28% | 30% | 28% | |
| Net Profit + | 6,371 | 6,351 | 2,544 | 2,543 | 3,808 | 4,617 | 3,573 | 6,277 | 9,429 | 5,601 | 5,567 | 6,520 | 6,900 |
| EPS in Rs | 5.36 | 5.34 | 2.14 | 2.68 | 4.01 | 5.03 | 3.89 | 7.14 | 10.72 | 6.37 | 6.34 | 7.43 | 7.85 |
| Dividend Payout % | 53% | 53% | 171% | 64% | 36% | 37% | 45% | 36% | 46% | 35% | 38% | 44% |
Financials of NMDC Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 396 | 396 | 396 | 316 | 316 | 306 | 306 | 293 | 293 | 293 | 293 | 879 | 879 |
| Reserves | 29,550 | 31,870 | 28,784 | 22,266 | 24,101 | 25,738 | 27,367 | 29,591 | 17,725 | 22,328 | 25,363 | 28,817 | 31,578 |
| Borrowings + | 0 | 0 | 1,497 | 0 | 500 | 364 | 566 | 2,000 | 1,800 | 2,128 | 3,359 | 4,276 | 3,640 |
| Other Liabilities + | 1,497 | 2,197 | 2,079 | 3,201 | 3,774 | 3,483 | 3,056 | 5,045 | 5,094 | 5,204 | 6,646 | 7,035 | 6,380 |
| Total Liabilities | 31,444 | 34,464 | 32,756 | 25,784 | 28,691 | 29,891 | 31,294 | 36,930 | 24,912 | 29,953 | 35,661 | 41,007 | 42,477 |
| Fixed Assets + | 1,366 | 1,468 | 2,058 | 2,095 | 3,457 | 3,512 | 3,810 | 3,933 | 3,662 | 3,199 | 3,377 | 5,038 | 5,074 |
| CWIP | 5,297 | 7,801 | 9,747 | 11,855 | 12,545 | 13,819 | 15,530 | 17,158 | 1,333 | 1,998 | 3,235 | 4,737 | 5,309 |
| Investments | 219 | 319 | 592 | 612 | 673 | 859 | 910 | 875 | 895 | 940 | 956 | 978 | 1,203 |
| Other Assets + | 24,561 | 24,876 | 20,359 | 11,221 | 12,016 | 11,701 | 11,045 | 14,964 | 19,022 | 23,816 | 28,094 | 30,253 | 30,890 |
| Total Assets | 31,444 | 34,464 | 32,756 | 25,784 | 28,691 | 29,891 | 31,294 | 36,930 | 24,912 | 29,953 | 35,661 | 41,007 | 42,477 |
Financials of NMDC Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3,734 | 3,999 | 2,502 | 2,109 | 3,376 | 4,002 | 2,126 | 7,266 | 6,942 | 1,838 | 7,394 | 1,894 |
| Cash from Investing Activity + | 3,444 | -517 | 3,645 | 5,171 | -1,865 | -789 | -313 | -4,316 | -3,214 | 202 | -6,076 | 306 |
| Cash from Financing Activity + | -5,801 | -3,449 | -6,290 | -7,249 | -1,557 | -3,201 | -1,753 | -2,591 | -4,067 | -2,067 | -1,302 | -2,225 |
| Net Cash Flow | 1,376 | 33 | -144 | 31 | -46 | 11 | 60 | 359 | -339 | -28 | 16 | -25 |
| Free Cash Flow | 1,437 | 1,185 | -1,073 | -211 | 1,318 | 1,996 | -278 | 5,644 | 5,743 | 590 | 5,547 | -1,336 |
| CFO/OP | 95% | 91% | 157% | 102% | 99% | 95% | 73% | 111% | 89% | 65% | 126% | 54% |
Financials of NMDC Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 52 | 45 | 43 | 46 | 43 | 69 | 51 | 42 | 90 | 60 | 118 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 44 | 52 | 45 | 43 | 46 | 43 | 69 | 51 | 42 | 90 | 60 | 118 |
| Working Capital Days | 116 | 101 | 7 | 3 | -4 | 9 | 53 | -16 | 30 | 94 | 9 | 55 |
| ROCE % | 34% | 32% | 14% | 16% | 25% | 28% | 23% | 30% | 50% | 29% | 31% | 30% |