Arthneeti

NMDC Steel Share Price & Earnings Call Analysis

₹38.32-1.64% today
Market cap
₹11,230 Cr
P/E
134.22
ROE
0.45%
Price to sales
0.81
Debt to equity
0.35
52W high / low
₹52.5 / ₹33.2
EBITDA margin
10.83%
Net profit margin
0.43%
Promoter holding
60.79%
Sales (last year)
₹13,938 Cr

National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Ferrous Metals
on management's own guidance

  1. Jindal SteelGood growth
    2
  2. Strong growth
    1
  3. Indian MetalsGood growth
    3
See all potential multibaggersWhere does NMDC Steel rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Ferrous Metals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹52 Cr8.3
2Jindal Steel20–40%Flat₹1.08L Cr33.6
3Indian Metals20–40%Flat₹5,888 Cr11.2
420–40%Flat₹5,614 Cr38.4
510–20%Up 0–2%₹7,209 Cr18.2
610–20%Flat₹3.05L Cr19.4

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Financials of NMDC Steel

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of NMDC Steel

Quarterly Results

Quarter-by-quarter operating performance

Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +0002779261,8462,0231,5222,1202,8383,3653,3903,008
Expenses +0003501,3352,8012,4241,9632,7763,1292,9583,1832,910
Operating Profit000-72-409-956-401-441-656-29140820798
OPM %-26%-44%-52%-20%-29%-31%-10%12%6%3%
Other Income +00013169021131819202119
Interest00041134155153161165172134128128
Depreciation00075226252239240253221258283252
Profit before tax000-175-753-1,273-772-829-1,056-66436-183-264
Tax %-25%-25%-32%-29%-28%-28%-29%29%-37%-8%
Net Profit +000-131-568-861-547-595-758-47326-115-244
EPS in Rs0.000.00-0.45-1.94-2.94-1.87-2.03-2.59-1.620.09-0.39-0.83

Financials of NMDC Steel

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +00003,0498,50312,601
Expenses +00004,48510,29112,179
Operating Profit-0-000-1,436-1,788422
OPM %-47%-21%3%
Other Income +00001197279
Interest0000331652563
Depreciation00005539531,013
Profit before tax-0-000-2,201-3,322-1,075
Tax %0%0%-29%-29%
Net Profit +-0-000-1,560-2,374-807
EPS in Rs0.00-5.32-8.10-2.75
Dividend Payout %0%0%0%0%

Financials of NMDC Steel

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital0.060.060.002,9312,9312,9312,931
Reserves-0-017,04914,11812,55810,18410,095
Borrowings +001,6913,8426,6625,9095,310
Other Liabilities +001,7654,6787,2189,4469,546
Total Liabilities0020,50425,56829,36828,47027,881
Fixed Assets +001,1321,11820,27320,13119,763
CWIP0017,03819,5451,215717647
Investments0000000
Other Assets +002,3344,9047,8817,6217,470
Total Assets0020,50425,56829,36828,47027,881

Financials of NMDC Steel

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-0-07431,516-2,8251,966
Cash from Investing Activity +00-1,891-2,189-228-506
Cash from Financing Activity +001,1441,2932,439-1,460
Net Cash Flow-0-0-4620-6140
Free Cash Flow-0-0-1,148-639-3,4091,538
CFO/OP100%100%196%-110%

Financials of NMDC Steel

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days48
Inventory Days420148
Days Payable284234
Cash Conversion Cycle141-77
Working Capital Days-92-213
ROCE %-200%0%0%-9%-13%
22out of 100

Momentum score · price trend

22 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−9.5%49%
Last 6 months−9.1%40%
Last 3 months−10.2%44%

The price is 45% below its all-time high of ₹70.9 (2 Feb 2024). Stocks more than 20% below their peak have their score halved, so 44 became 22.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For NMDC Steel: 0.4 × 49 + 0.4 × 40 + 0.2 × 44 = 44, halved to 22 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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