Minerva Capital Research Solutions

NMDC

NSE: NMDCBSE: 526371
Compare with peers
₹ 67.50▼ 1.5 (−2.17%)28 Oct, 03:28 pm IST
Market cap
₹ 58,290 Cr.
P/E
7.8x
P/B
1.78x
52-week range
65.15 – 97.49
ROE
23%
ROCE
28%
Dividend yield
5.1%
Debt / equity
0.19
Sector
Minerals & Mining
Industry
Industrial Minerals
Listed on
NSE, BSE

About

NMDC Limited is an India-based producer of iron ore. It owns and operates highly mechanized iron ore mines in the state of Chhattisgarh and Karnataka. It also operates the mechanized diamond mine in India at Panna, Madhya Pradesh. It offers a diverse range of iron ore products, each tailored to meet specific industrial requirements. It produces rough diamonds that cater to the gem and jewelry industry. Its segments include Iron Ore, and Pellet, Other Minerals & Services. Its products include Baila ROM, Baila Lump, DR CLO, 10-20 mm Baila, Baila Fine, Doni Lump, Kumaraswamy Lump, Kumaraswamy Lump Ore, Doni Fines, Kumaraswamy Fine, Iron Ore Pellets, and Rough Diamonds. The Company, through its subsidiary, Legacy Iron Ore Limited, carries out exploration in its 21 exploration tenements in Western Australia in iron ore, gold, tungsten and base metals. Its projects include Bailadila Iron Ore Mine, Kirandul Complex (BIOM, KC); Bailadila Iron Ore Mine, Bacheli Complex (BIOM, BC) and others.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Industrial Minerals: 15 companies →

NMDC against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)7.8 against a typical 32.7: cheaper than most peers (1st = cheapest).1st of 15
  • Sales growth+0.8% against a typical +28.9% from a year earlier.12th of 14
  • Profit growth+0.4% against a typical +3.1% from a year earlier.6th of 10
  • Share price, 3 months−19.6% against a typical −18.5%.9th of 15
  • Size₹ 58,289.8 Cr. market value against a typical ₹ 987.9 Cr. (1st = largest).2nd of 13

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Moderate safety, with caution

Rated AAA to BBB+ by 2 agencies
BBB+
DefaultRiskyModerateSafeVery safe
  • The agencies don't fully agree: CRISIL says AAA, ICRA says BBB+.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AAAStable17 Sep 2026
ICRA[ICRA]BBB+ Rating Watch with Developing Implications—15 Dec 2025
Credit rating actions
RatingDetails
17 Sep 2026
Reaffirmed
Crisil AAA—CRISIL₹ 9,000 Cr.
5 May 2026
Reaffirmed
Crisil AAA—CRISIL₹ 9,000 Cr.
15 Dec 2025
Rating action
[ICRA]BBB+ Rating Watch with Developing Implications—ICRA₹ 524 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
14 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
29 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and recommendation of final dividend for FY 2025-26 (if any).
3 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and dividend
14 Nov 2025DividendTo consider dividend
29 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
12 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1Y change −9.24%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,0145,4106,4895,4144,9196,5687,0056,7396,3787,61111,3436,795
Expenses2,8243,4034,3883,0743,5334,1964,9534,2604,3855,4678,7004,327
Operating Profit1,1902,0072,1022,3401,3862,3722,0512,4781,9932,1442,6442,468
OPM %30%37%32%43%28%36%29%37%31%28%23%36%
Other Income32184389365361375492300383372432347
Interest19322123296165278355122
Depreciation898211174103103141109110107152103
Profit before tax1,4041,9772,3592,6081,6142,5842,3382,6432,2592,3752,8732,691
Tax %27%26%40%25%26%27%37%26%26%26%30%25%
Net Profit1,0261,4821,4101,9691,2051,8801,4771,9681,6981,7572,0271,976
EPS in Rs1.171.691.612.241.382.141.682.241.9322.312.25

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
17%
5 Years
16%
3 Years
22%
TTM
27%
Compounded Profit Growth
10 Years
11%
5 Years
4%
3 Years
17%
TTM
14%
Stock Price CAGR
10 Years
12%
5 Years
17%
3 Years
28%
TTM
—
Return on Equity
10 Years
21%
5 Years
26%
3 Years
24%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
60.79%
0 pts in a year
FIIs
13.59%
+1.38 pts in a year
DIIs
13.8%
−0.68 pts in a year
Public
11.8%
−0.71 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 7.8xEPS (12 months) ₹ 8.48Median P/E 9.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
NMDC₹ 67.50₹ 58,290 Cr.7.8x1.8x23%—
Hindustan Zinc₹ 497.00₹ 2,09,998 Cr.15.9x9.7x76.9%33.9%
Hindalco Industries₹ 860.50₹ 1,93,374 Cr.11.6x1.6x10.3%4.9%
Vedanta₹ 226.00₹ 88,375 Cr.21.3x2x22.4%14.9%
Hindustan Copper₹ 399.40₹ 38,623 Cr.47.5x14.1x30.6%29.9%
Central Mine Planning & Design Institute Ltd₹ 183.97₹ 13,117 Cr.29.7x8x—26.5%

Management

Amitava Mukherjee
Chairman of the Board, Managing Director
Anurag Kapil
Chief Financial Officer, Director - Finance, Director
Pravin Shekhar
Compliance Officer, Company Secretary
Kishan Ahuja
Chief General Manager (Works) BIOM, Kirandul Complex
Padmanabha Naik
Chief General Manager, NCL, Raipur
P. Ramiyan
Chief General Manager (Mech), BIOM, Bacheli Complex
Krishna Kumar Thakur
Executive Director, Director (Personnel)
Joydeep Dasgupta
Executive Director - (Production)

Prices are delayed and for information only. Nothing on this page is investment advice.