NMDC

NMDC Share Price

₹214.66
-4.44 (-2.03%)
18 September, 2024 02:39 BSE: 526371 NSE: NMDC ISIN: INE584A01023

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NMDC Performance

Day Range

  • Low 214
  • High 219
₹ 214

52 Week Range

  • Low 141
  • High 286
₹ 214
  • Open Price219
  • Previous Close219
  • Volume4781521

NMDC Chart

  • Over 1 Month -1.28%
  • Over 3 Month -19.72%
  • Over 6 Month + 8.22%
  • Over 1 Year + 43.2%

NMDC Key Statistics

P/E Ratio 10.7
PEG Ratio 7.3
Market Cap Cr
Price to Book Ratio 2.5
EPS 19.9
Dividend 3.4
Relative Strength Index 44.91
Money Flow Index 41.22
MACD Signal -4.8
Average True Range 6.46

Nmdc Investment Rating

  • Master Rating:
  • Nmdc has an operating revenue of Rs. 21,327.38 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 37% is great, ROE of 21% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 55 which is a POOR score indicating inconsistency in earnings, a RS Rating of 28 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 113 indicates it belongs to a poor industry group of Mining-Metal Ores and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

NMDC Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 5,3786,4755,4104,0145,3955,851
Operating Expenses Qtr Cr 3,0174,3393,3802,8213,3993,686
Operating Profit Qtr Cr 2,3612,1362,0301,1931,9962,165
Depreciation Qtr Cr 749782896993
Interest Qtr Cr 23213219612
Tax Qtr Cr 6449435073795511,008
Net Profit Qtr Cr 1,9841,4621,4921,0281,6502,277
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 22,64918,415
Operating Expenses Annual Cr 13,93911,604
Operating Profit Annual in Cr 7,3556,063
Depreciation Cr 337335
Interest Annual Cr 7875
Tax Annual Cr 2,3802,108
Net Profit Annual Cr 5,6325,529
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 7,4392,380
Cash from Investing Activity Annual Cr -6,197151
Cash from Financing Annual Activity Cr -1,302-2,537
Net Cash Flow Annual Cr -59-5
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 25,40622,332
Fixed Assets Annual Cr 6,3974,982
Total Non Current Assets Annual Cr 13,94212,181
Total Current Assets Annual Cr 21,40715,761
Total Assets Annual Cr 35,34927,942
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 8776
ROE Annual % 2225
ROCE Annual % 3127
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 4139
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 5,4146,4895,4104,0145,3955,851
Operating Expenses Qtr Cr 3,0744,3883,4032,8243,4013,689
Operating Profit Qtr Cr 2,3402,1022,0071,1901,9942,162
Depreciation Qtr Cr 7411182896993
Interest Qtr Cr 23213219612
Tax Qtr Cr 6449435073795511,008
Net Profit Qtr Cr 1,9711,4131,4841,0261,6522,272
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 22,67918,435
Operating Expenses Annual Cr 14,01511,614
Operating Profit Annual in Cr 7,2936,053
Depreciation Cr 351336
Interest Annual Cr 7875
Tax Annual Cr 2,3802,108
Net Profit Annual Cr 5,5755,601
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 7,3952,466
Cash from Investing Activity Annual Cr -6,07643
Cash from Financing Annual Activity Cr -1,302-2,537
Net Cash Flow Annual Cr 16-28
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 25,67322,621
Fixed Assets Annual Cr 6,5175,103
Total Non Current Assets Annual Cr 14,11312,441
Total Current Assets Annual Cr 21,54915,807
Total Assets Annual Cr 35,66128,248
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 8877
ROE Annual % 2225
ROCE Annual % 3027
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 4139

NMDC Technicals

EMA & SMA

Current Price
₹214.66
-4.44 (-2.03%)
pointer
  • Bullish Moving Average
  • ___
  • 1
  • Bearish Moving Average
  • ___
  • 15
  • 20 Day
  • ₹217.80
  • 50 Day
  • ₹226.47
  • 100 Day
  • ₹230.98
  • 200 Day
  • ₹220.12
  • 20 Day
  • ₹218.20
  • 50 Day
  • ₹227.82
  • 100 Day
  • ₹243.83
  • 200 Day
  • ₹230.20

NMDC Resistance and Support

PIVOT
₹215.91
Resistance
First Resistance 218.18
Second Resistance 221.70
Third Resistance 223.97
RSI 44.91
MFI 41.22
MACD Single Line -4.80
MACD -3.86
Support
First Support 212.39
Second Support 210.12
Third Supoort 206.60

NMDC Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 5,068,518 215,412,015 42.5
Week 9,632,819 401,688,569 41.7
1 Month 8,462,881 374,905,616 44.3
6 Month 13,193,413 537,367,721 40.73

NMDC Result Highlights

NMDC Synopsis

NSE-Mining-Metal Ores

Nmdc Ltd. is involved in the business activities of Mining of iron ores, Mining of gemstones (agate, diamond, emerald, garnet (gem), jasper, rubby/ saphire etc., Manufacture of direct reduction of iron (sponge iron) and other spongy ferrous products, Manufacture of pig iron and spiegeleisen in pigs, blocks or other primary forms, Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs. 17666.88 Cr. and Equity Capital is Rs. 293.07 Cr. for the Year ended 31/03/2023. NMDC Ltd. is a Public Limited Listed company incorporated on 15/11/1958 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L13100TG1958GOI001674 and registration number is 001674.
Market Cap 64,210
Sales 21,277
Shares in Float 114.29
No of funds 680
Yield 3.31
Book Value 2.53
U/D Vol ratio 0.9
LTDebt / Equity
Alpha -0.03
Beta 1.7

NMDC Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 60.79%60.79%60.79%60.79%
Mutual Funds 6.41%6.26%8.74%8.19%
Insurance Companies 7.56%7.59%8.11%8.65%
Foreign Portfolio Investors 12.76%12.6%9.91%8.32%
Financial Institutions/ Banks 0.05%0.05%0.24%0.06%
Individual Investors 10.03%10.1%9.63%10.61%
Others 2.4%2.61%2.58%3.38%

NMDC Management

Name Designation
Mr. Amitava Mukherjee Chairman & Managing Director
Mr. Dilip Kumar Mohanty Director - Production
Mr. Sukriti Likhi Government Nominee Director
Mr. Sanjay Tandon Independent Director
Mr. Anil Sadashivrao Kamble Independent Director
Mr. Vishal Babber Independent Director
Mr. Sanjay Singh Independent Director
Mr. Vishwanath Suresh Director
Mr. Vinay Kumar Director - Technical
Mr. Abhijit Narendra Government Nominee Director

NMDC Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

NMDC Corporate Action

Date Purpose Remarks
2024-08-12 Quarterly Results
2024-05-27 Audited Results & Final Dividend (Revised) per share(529%)Interim Dividend
2024-02-14 Quarterly Results & Interim Dividend
2023-11-14 Quarterly Results
2023-08-11 Quarterly Results (Revised) per share(529%)Interim Dividend
Date Purpose Remarks
2024-02-27 INTERIM Rs.5.75 per share(575%)First Interim Dividend
2023-02-24 INTERIM Rs.3.75 per share(375%)First Interim Dividend
2022-02-18 INTERIM Rs.5.73 per share (573%) Second Interim Dividend
2021-12-15 INTERIM Rs.9.01 per share(901%)Interim Dividend
2021-03-23 INTERIM Rs.7.76 per share(776%)Interim Dividend

About NMDC

The National Mineral Development Corporation (NMDC) is engaged in the exploration and production of Iron Ore and diamonds, exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands and many others.


They primarily operate four Iron Ore mechanized mines:

  • Bailadila Iron Ore Mines – Kirandul Complex (Dep-14, 14 NMZ, 11B & 11C)
  • Bailadila Iron Ore Mine – Bacheli Complex (Dep-5,10 & 11A) in the Chhattisgarh State
  • Donimalai Iron Ore Mine 
  • Kumaraswamy Iron Ore Mine in the Karnataka State. 

The National Mineral Development Corporation (NMDC) is a public sector undertaking of the Government of India. The company was set up on March 27, 1958, under Mines & Minerals (Development & Regulation) Act 1957. Its objective was to promote the development and regulation of mines and minerals in GoI’s mineral-rich areas, i.e., Orissa, Chattisgarh, Jharkhand & Andhra Pradesh. NMDC has been recognized by Forbes magazine as one of Asia's best under-a-billion listings.

It is one of the most profitable Navratna companies.

Business Verticals

NMDC Ltd. is engaged in the mining and marketing copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands. Apart from mining, NMDC Ltd. incorporated a special purpose vehicle (SPV) in December 2011 to set up a power plant for captive use to the 3 MTPA integrated steel plant constructed at Nagarnar. 

Additionally, it provides logistics support services for the movement of mineral resources through its network of rail wagons, road transport, and handling facilities at ports.

Milestones

1958 - NMDC was incorporated as National Mineral Development Corporation Pvt Limited.

1966 - Acquired the Panna Diamond Project.

1968 - NMDC started the production of iron ore from Bailadila Deposit No. 14.

1975 - The Company became a deemed public limited company. 

1977 - The Donimalai Iron Ore Mine began producing iron ore.

1987 - Production of iron ore from Bailadila Deposit No.11C has begun.

1989 - J & K Mineral Development Corporation Limited was formed with J & K Minerals Ltd. to explore and exploit the Panthal magnesite mine and produce dead burnt magnesite.

1993 - NMDC was converted into a public company.

2008 - 

Entered a new market: wind energy. Seven units of 1.5 MW Wind Electricity Generators have been commissioned.

Achieved first place in the financial ranking of central public sector enterprises in the 2007-08 fiscal year, according to a survey conducted by the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, based on the overall performance on financial and other parameters.

Awarded the Rajbhasha shield - first prize for the Town Official Language in 2007-08.

The company's name changed from the National Mineral Development Corporation Ltd. to NMDC Ltd.

2009 - 

Recorded a turnover of Rs. 75,640 million, a profit after tax of Rs. 43,720 million, and distributed a dividend of 221 per cent to the Company's shareholders.

Reopened its diamond mine at Panna after a four-year hiatus after the Supreme Court approved the mine's operation.

Signed an agreement with the Steel Authority of India Ltd. to develop the Arki Limestone deposit to supply low silica high-grade limestone primarily to NMDC and Steel Authority of India Limited steel plants.

2010 - 

Entered into an agreement with the Government of Andhra Pradesh's Department of Mines and Geology and the Andhra Pradesh Mineral Development Corporation for the exploration and exploitation of iron ore and gold in the state of Andhra Pradesh.

The state-owned NMDC Ltd has formed a joint venture company for mine exploration and development in South Africa with Kopano Logistics Services.

2011 - 

NMDC receives approval for the Himachal limestone project.

NMDC has signed a Contract Agreement for the turnkey execution of a Sinter Plant with a consortium comprising Siemens VAI, Austria, SVAI India, and NCC Ltd.

NMDC has signed an MoU with Legacy Iron Ore Limited (Legacy), Australia, to purchase 50% of the Company (Legacy), allowing NMDC to enter the Australian resource sector.

2013 - 

NMDC receives the "Steelies - 2013 - Award for Excellence in Project Management"

The Asia Pacific HRM Congress Awards 2013 were presented to NMDC Limited, Hyderabad, with the "HR Leadership Award."

NMDC signs Memorandum of Understanding for Zimbabwe Mineral Projects.

NMDC signs an agreement with a Zimbabwean company for African mineral projects.

2014 - 

NMDC was named "Most Valuable Company" in the Navaratna Category of the 2014 India Today PSU Awards.

NMDC received the "BT-Star PSU of the Year Award for Outstanding Performance Among Maharatna and Navratna PSUs."

2015 - 

NMDC Ltd. has formed a wholly-owned subsidiary company called "NMDC Steel Ltd" to transfer the Iron & Steel Plant (NISP) to the newly formed subsidiary company.

NMDC Ltd. has received the India Pride Award in the metals and minerals and trade (including mining) category for 2015.

2016 - 

Among the Ministry of Steel's PSUs, NMDC was awarded the Ispat Rajbhasha Shield (First Prize) for Rajbhasha implementation in 2015-16.

NMDC received the "Most Efficient PSU" Award.

NMDC received the Governance Now PSU Award for Strategic Performance in 2016.

2017 - 

Three NMDC mines have received a 5-star rating.

NMDC Ltd. receives the 2017 Golden Peacock Corporate Ethics Award.

NMDC FAQs

What is Share Price of NMDC ?

NMDC share price is ₹214 As on 18 September, 2024 | 02:25

What is the Market Cap of NMDC ?

The Market Cap of NMDC is ₹62908.4 Cr As on 18 September, 2024 | 02:25

What is the P/E ratio of NMDC ?

The P/E ratio of NMDC is 10.7 As on 18 September, 2024 | 02:25

What is the PB ratio of NMDC ?

The PB ratio of NMDC is 2.5 As on 18 September, 2024 | 02:25

What were the company's most recent reported sales and net income?

NMDC Ltd. recorded net sales of INR 25882.06 crores in FY22.

What is the future of the company's shares?

Owing to its strong fundamentals, research analysts are bullish on NMDC.

How to buy shares of NMDC Ltd.?

The company's shares can be bought online or offline by opening a demat account with 5paisa and verifying the KYC documents. You can also use our mobile app to start your investment journey.

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