NMDC Steel
- Market cap
- ₹ 11,025 Cr.
- P/E
- 137.2x
- P/B
- 0.87x
- 52-week range
- 33.01 – 53.75
- ROE
- 0%
- ROCE
- 3%
- Dividend yield
- 0%
- Debt / equity
- 0.35
- Sector
- Ferrous Metals
- Industry
- Iron & Steel
- Listed on
- NSE, BSE
About
NMDC Steel Limited is an India-based company. The Company is primarily engaged in the manufacturing of iron and steel products. The Company owns and operates the approximately 3.0 million tons per annum (MTPA) steel plant at Nagarnar, Chhattisgarh. The Company’s product mix consists of low carbon steel, HSLA & Dual Phase Steel and API quality steel that can be rolled into thicknesses ranging from 1-16 millimeters (mm). It produces Hot Rolled (HR) coils, HR sheets/ plates, Liquid Steel, gross sinter, gross coke, and pig iron and by-products. HR coils and HR sheets/ plates are used in various applications such as high tensile structures, structural forming & flanging, and ship building.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel: 15 companies →NMDC Steel 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)137.2 against a typical 14.3: pricier than most peers (1st = cheapest).15th of 15
- Sales growth+8.8% against a typical +16.3% from a year earlier.10th of 14
- Profit growth+96.2% against a typical +25.7% from a year earlier.4th of 12
- Share price, 3 months−9.3% against a typical −9.3%.8th of 15
- Size₹ 11,024.9 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).6th of 14
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A | Stable | 20 Aug 2026 |
| India Ratings | Withdrawn | Stable | 19 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 20 Aug 2026 | ▲ Upgrade2 notches | Crisil BBB+ → Crisil A | — | CRISIL | ₹ 4,500 Cr. | |
| 19 Dec 2025 | Withdrawn | was IND A- | — | India Ratings | ₹ 4,623.8 Cr. | |
| 18 Oct 2025 | Rating action | Crisil BBB+ | — | CRISIL | ₹ 4,500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 3 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 12 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 27 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 277 | 926 | 1,846 | 2,023 | 1,522 | 2,120 | 2,838 | 3,365 | 3,390 | 3,008 | 3,879 | 3,662 |
| Expenses | 350 | 1,335 | 2,801 | 2,424 | 1,963 | 2,776 | 3,129 | 2,958 | 3,183 | 2,910 | 3,073 | 3,262 |
| Operating Profit | −72 | −409 | −956 | −401 | −441 | −656 | −291 | 408 | 207 | 98 | 806 | 400 |
| OPM % | −26% | −44% | −52% | −20% | −29% | −31% | −10% | 12% | 6% | 3.2% | 21% | 11% |
| Other Income | 13 | 16 | 90 | 21 | 13 | 18 | 19 | 20 | 21 | 19 | 26 | 43 |
| Interest | 41 | 134 | 155 | 153 | 161 | 165 | 172 | 134 | 128 | 128 | 96 | 126 |
| Depreciation | 75 | 226 | 252 | 239 | 240 | 253 | 221 | 258 | 283 | 252 | 249 | 242 |
| Profit before tax | −175 | −753 | −1,273 | −772 | −829 | −1,056 | −664 | 36 | −183 | −264 | 486 | 74 |
| Tax % | −25% | −25% | −32% | −29% | −28% | −28% | −29% | 29% | −37% | −8% | 19% | 32% |
| Net Profit | −131 | −568 | −861 | −547 | −595 | −758 | −473 | 26 | −115 | −244 | 392 | 51 |
| EPS in Rs | −0.45 | −1.94 | −2.94 | −1.87 | −2.03 | −2.59 | −1.62 | 0.09 | −0.39 | −0.83 | 1.34 | 0.17 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 42%
- 10 Years
- —
- 5 Years
- 467%
- 3 Years
- —
- TTM
- 105%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −9%
- TTM
- —
- 10 Years
- —
- 5 Years
- −5%
- 3 Years
- −9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| NMDC Steel | ₹ 39.05 | ₹ 11,025 Cr. | 137.2x | 0.9x | 0% | — |
| Hindustan Zinc | ₹ 497.00 | ₹ 2,09,998 Cr. | 15.9x | 9.7x | 76.9% | 33.9% |
| Hindalco Industries | ₹ 860.50 | ₹ 1,93,374 Cr. | 11.6x | 1.6x | 10.3% | 4.9% |
| Vedanta | ₹ 226.00 | ₹ 88,375 Cr. | 21.3x | 2x | 22.4% | 14.9% |
| NMDC | ₹ 66.30 | ₹ 58,290 Cr. | 9.8x | 2.2x | 23.4% | 23.1% |
| Hindustan Copper | ₹ 399.40 | ₹ 38,623 Cr. | 47.5x | 14.1x | 30.6% | 29.9% |
Management
- Amitava Mukherjee
- Chairman of the Board, Managing Director
- K. Raj Shekhar
- Whole Time Chief Financial Officer
- Krishna Kumar Thakur
- Executive Director, Director - Personnel
- Joydeep Dasgupta
- Executive Director, Director (Production)
- Anurag Kapil
- Executive Director, Director (Finance)
- Vinay Kumar
- Executive Director, Director (Technical)
- Aniket Kulshreshtha
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.