NMDC Steel Share Price & Earnings Call Analysis

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%

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