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NSE:NMDC

NMDC LTD.

Metals & Mining › Minerals & Mining·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+9
₹67.50
at close · 28 Oct 2026
▼ 1.50 (-2.17%)
ThemesDrones & UAVs· growing

Latest filings

  1. Government Director Sarita Chauhan joins NMDC board · Management Changes
  2. NMDC: Vinod Kumar Tripathi replaces Abhijit Narendra as Government Director · Management Changes
  3. Compliance Certificate under SEBI Reg 74(5) for Sep 2026 quarter · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Mines and sells iron ore — lumps and fines — to Indian steel producers, with Iron Ore accounting for 78.6% of segment revenue in FY26. Also produces hot-rolled coils and sheets (12.4% of segment revenue) and pellets, other minerals and services (9.0%). Set an FY26 aspirational sales target of 55.4 MT, equal to 100% of available environmental clearance capacity, with a stated 4-5 year plan to scale volumes from about 50 MT toward 100 MT. Operates the Nagarnar steel plant (NSL), which turned monthly EBITDA-positive in March-April 2025 and is dispatching 230 KT a month, and is scaling pellet capacity from 0.5 MT toward 2.5-3 MT with a shift to higher-grade DRI pellets. Iron ore prices are reset every month based on market conditions. The cost shape is dominated by 'other operating expenses' at 45.3% of revenue, with materials at 6.8% and employees at 6.0%.

Revenue mix · reported segments
Iron Ore78.6%
HR Coil & Sheets12.4%
Pellet, Other Minerals, Products & Services9.0%
Operating scale
FY26 iron ore sales
502.39 LTFY26
FY26 iron ore production
531.58 LTFY26
FY26 sales target (aspirational, full EC capacity)
55.4 MTFY26
Iron ore lump price (65.5% Fe)
₹5,450/tonne10 Jul 2026
Iron ore fines price (64% Fe)
₹4,700/tonne10 Jul 2026
Pellet capacity scaling target
0.5 MT to 2.5-3 MTFY26
Who pays it
Indian steel mills and steel producers (blast-furnace route, including integrated players like RINL)
Biggest cost
Other operating expenses (45.3% of revenue) — the largest cost line, with materials at 6.8% and employees at 6.0%
Kind of business
Cyclical, commodity-linked iron ore mining with downstream steel-making (HR coils/sheets) and pellet operations
Where it sits
Government of India enterprise; described in filings as 'India's first iron ore producer', with FY26 record production of 531.58 LT
Market Cap
₹59,345 Cr
P / E (TTM)
8.0×
EV / EBITDA
6.0×
Div Yield
5.19%
Growth
15.8%▲
Revenue 5y CAGR
PAT +3.5% · EBITDA +3.3%
Quality
28.4%▲
ROCE (FY26)
ROE 21.9% · margin 33.5%
Leverage
0.17·
Debt / Equity · low
Net debt ₹5,727 Cr
Revenue FY21→FY26
2.1×▲
Margin −17.6 pts
₹15,370 Cr → ₹32,071 Cr
Cash conversion
0.87×·
Operating cash ÷ profit · 5 yrs
₹29,759 Cr on ₹34,283 Cr
Moves on a normal day
1.08%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 13 Industrial Minerals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/9
P/B#7/13
ROCE#1/14
ROE#3/13
Debt / Equity#5/13
EBITDA margin#2/13
Revenue growth#9/13
Profit growth#9/14

Scorecard

Measured from the filed financials, judged against its Industrial Minerals peers · as of FY26 — not investment advice

Strengths
Revenue compounding 16% a year over 5 years
Returns on capital 28.4%
#1 of 14 in Industrial Minerals on the latest reported figures
Debt at 0.17× equity
lower than 67% of its 13 Industrial Minerals peers
Pays out 41% of profit as dividend
Concerns
Heavy working capital — 129 days of cash tied up
Customers are taking longer to pay — 51 → 105 days of receivables
FY21 → FY26
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

NMDC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from NMDC LTD.'s filed financials and exchange disclosures

What does NMDC LTD. do?

NMDC LTD. is a Minerals & Mining company listed on NSE and BSE, trading under the symbol NMDC.

Is NMDC LTD. profitable?

Yes. Over the trailing twelve months NMDC LTD. reported a net profit of ₹7,459 Cr on revenue of ₹32,127 Cr.

Does NMDC LTD. pay a dividend?

Yes. The dividend yield is 5.19% at the current price. It paid out 41% of its profit as dividend in FY26.

Is NMDC LTD. debt-free?

No. It reported borrowings of ₹5,874 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹5,727 Cr after cash. Debt stands at 0.17× equity. That is lower than 67% of its 13 Industrial Minerals peers.

Is NMDC LTD. expensive compared with its peers?

On trailing P/E, NMDC LTD. ranks 2 of 9 in Industrial Minerals — cheaper than 88% of them, against an industry median of 14.5×. This is a position, not a valuation judgement.

How much does the NMDC LTD. share price move in a day?

On a typical session NMDC LTD. moves 1.08% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track NMDC LTD.'s announcements?

Every NSE and BSE filing by NMDC LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.