NMDC Ltd.
NSE: NMDC · Industrial Minerals · sector
₹66.49NSE close 2026-10-26
Key numbers
Market cap₹58,457 cr
Price₹66.49
52w high / low₹97 / ₹66
P/E7.8xSector median 14.3x
P/B1.7xSector median 1.7x
Book value₹38.7
Dividend yield5.27%Sector median 0.69%
ROE23.4%Sector median 14.2%
ROCE25.8%Sector median 16.4%
OPM28.8%Sector median 13.0%
Debt / equity0.17xSector median 0.30x
EV/EBITDA5.7xSector median 10.3x
Interest cover89.2x
Current ratio2.43x
Sales growth 3y+22.0%Sector median +6.0%
Profit growth 3y+9.3%Sector median +9.5%
PEG0.78x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Industrial Minerals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹11,395 cr vs borrowings ₹5,874 cr (FY26): cash is higher (net cash).
- Borrowings rose in each of the last 3 years (₹423 cr → ₹5,874 cr).
- Operating profit covered interest 89.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 21% of net profit in the last 12 months.
- Debtor days went from 60 (FY24) to 105 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹66.49 on 2026-10-26: -31.8% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹244.91 · low ₹61.31
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,919 | 6,568 | 6,953 | 6,739 | 6,378 | 7,611 | 11,343 | 6,795 |
| EBITDA | 1,386 | 2,372 | 2,048 | 2,478 | 1,993 | 2,144 | 2,644 | 2,468 |
| OPM % | 28.2% | 36.1% | 29.5% | 36.8% | 31.3% | 28.2% | 23.3% | 36.3% |
| Other income | 361 | 375 | 491 | 300 | 383 | 373 | 432 | 347 |
| Net profit | 1,212 | 1,882 | 1,496 | 1,968 | 1,699 | 1,756 | 2,027 | 1,976 |
| EPS (₹) | 1.38 | 2.14 | 1.70 | 2.24 | 1.93 | 2.00 | 2.31 | 2.25 |
| Revenue YoY | +29.7% | +15.9% | +63.1% | +0.8% | ||||
| Profit YoY | +40.2% | -6.7% | +35.5% | +0.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 25,882 | 17,667 | 21,308 | 23,668 | 32,071 | 32,127 |
| EBITDA | 12,583 | 7,290 | 7,009 | 8,258 | 9,260 | 9,249 |
| Net profit | 9,420 | 5,706 | 5,575 | 6,693 | 7,450 | 7,458 |
| EPS (₹) | 10.67 | 6.37 | 6.34 | 7.61 | 8.47 | 8.49 |
| Revenue growth | -31.7% | +20.6% | +11.1% | +35.5% | +27.6% | |
| Profit growth | -39.4% | -2.3% | +20.0% | +11.3% | +13.7% | |
| Dividend / share (₹) | 14.74 | 3.75 | 8.60 | 3.80 | 3.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +22.0% | +15.8% | +27.6% |
| Net profit | +9.3% | +3.9% | +13.7% |
| EPS | +10.0% | +4.2% | – |
| Share price | – | -3.8% (2y) | -7.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 22,635 | 25,673 | 29,579 | 34,062 |
| Borrowings | – | 423 | 3,357 | 3,770 | 5,874 |
| Cash & equivalents | – | 7,098 | 12,369 | 10,031 | 11,395 |
| Total assets | – | 28,248 | 35,661 | 40,828 | 48,320 |
| Fixed assets | – | 2,381 | 2,520 | 2,614 | 4,902 |
| Capital work in progress | – | 1,992 | 3,231 | 4,737 | 6,749 |
| Investments | – | 0 | 951 | 1,115 | 1,364 |
| Receivables | – | 2,656 | 3,509 | 7,734 | 9,206 |
| Inventory | – | 2,661 | 2,767 | 2,627 | 2,522 |
| Payables | – | 426 | 413 | 298 | 406 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 7,639 | 2,466 | 7,395 | 1,577 | 4,993 |
| Cash from investing | -5,066 | 43 | -6,076 | 705 | -3,839 |
| Cash from financing | -2,916 | -2,536 | -1,302 | -2,224 | -1,092 |
| Capex | 0 | 1,401 | 1,847 | 2,795 | 3,171 |
| Free cash flow | 7,639 | 1,064 | 5,548 | -1,217 | 1,822 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.2% | 21.7% | 22.6% | 21.9% |
| ROCE % | – | 33.5% | 27.7% | 28.4% | 25.7% |
| Debtor days | – | 55 | 60 | 119 | 105 |
| Inventory days | – | 55 | 47 | 3,289 | 145 |
| Payable days | – | 9 | 7 | 374 | 23 |
| Cash conversion cycle (days) | – | 101 | 100 | 3,034 | 227 |
| Working capital days | – | 240 | 225 | 210 | 197 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.79% |
| FIIs | 14.91% |
| DIIs | 12.51% |
| of which Mutual funds | 6.65% |
| of which Insurance | 5.68% |
| Government | 0.00% |
| Public (non-institutions) | 11.78% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% |
| Promoter group | % |
|---|---|
| President of India | 60.79% |
| Public holders above 1% | % |
|---|---|
| LIFE INSURANCE CORPORATION OF INDIA - P & GS Fund | 3.73% |
| SBI Quant Fund | 1.27% |
11,28,306 shareholders. Pledged: 0.00% of promoter shares.
Peers in Industrial Minerals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LLOYDSME | ₹1,00,584 cr | 20.2x | 7.3x | 47.0% | 22.1% | 36.8% | – | 0.05% |
| NMDC | ₹58,457 cr | 7.8x | 1.7x | 23.4% | 25.8% | 28.8% | +22.0% | 5.27% |
| GMDCLTD | ₹13,641 cr | 14.3x | 1.9x | 14.2% | 17.4% | 34.3% | -8.8% | 2.35% |
| GRAVITA | ₹9,657 cr | 24.3x | 3.9x | 17.3% | 15.5% | 9.4% | +15.1% | 0.48% |
| MOIL | ₹4,408 cr | 14.5x | 1.6x | 11.4% | 14.2% | 31.0% | +3.2% | 3.20% |
| ASHAPURMIN | ₹3,985 cr | 9.8x | 2.4x | 27.6% | 17.2% | 10.0% | +42.0% | 0.24% |
| ORISSAMINE | ₹1,978 cr | 594.0x | – | – | 24.6% | 16.7% | +38.4% | – |
| 20MICRONS | ₹635 cr | 9.4x | 1.3x | 14.8% | 17.3% | 13.0% | +10.8% | 0.69% |
| NILE | ₹373 cr | 7.7x | 1.2x | 16.7% | 20.8% | 6.1% | +8.9% | 0.40% |
| GOACARBON | ₹361 cr | – | 2.1x | -24.3% | -3.8% | -4.4% | -20.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Iron Ore | ₹25,015 cr | 77.3% | ₹9,846 cr | 39.4% |
| HR Coil & Sheets | ₹3,961 cr | 12.2% | ₹16 cr | 0.4% |
| Pellet ,Other Minerals, Products, Services & Others | ₹3,387 cr | 10.5% | ₹158 cr | 4.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-10-05 | Dividend | Dividend - Re 1 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2025-08-14 | Dividend | Dividend - Re 1 Per Share |
| 2025-03-21 | Dividend | Interim Dividend - Rs 2.30 Per Share |
| 2024-12-27 | Bonus | Bonus 2:1 |
| 2024-09-17 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2024-02-27 | Dividend | Interim Dividend - Rs 5.75 Per Share |
| 2023-08-31 | Dividend | Annual General Meeting/Dividend - Rs 2.85 Per Share |
| 2023-02-24 | Dividend | Interim Dividend - Rs 3.75 Per Share |
| 2022-10-27 | Restructuring | Demerger |
| 2022-08-22 | Other | Annual General Meeting |
| 2022-02-17 | Dividend | Interim Dividend - Rs 5.73 Per Share |
| 2021-12-14 | Dividend | Interim Dividend - Rs 9.01 Per Share |
| 2021-09-23 | Other | Annual General Meeting |
| 2021-03-22 | Dividend | Interim Dividend - Rs 7.76 Per Share |
| 2020-11-20 | Buyback | Buy Back |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-02-18 | Dividend | Interim Dividend - Rs 5.29 Per Share |
| 2019-08-22 | Other | Annual General Meeting |
| 2019-03-22 | Dividend | Interim Dividend - Rs 5.52 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Mining of Iron Ore: Mining of Iron Ore. NMDC produced over 53 MTPA of iron ore from its major iron-producing units i.e., from Donimalai Iron Ore Mines, Donimalai in Karnataka; Bailadila Iron Ore Mines, Kirandul and Bailadila Iron Ore Mines, Bacheli in Chhattisgarh.
- Trading: NMDC undertook trading of Hot Rolled (HR) Coils sourced from NMDC Steel Limited under a strategic business arrangement.
| Sector | Commodities |
| Industry | Industrial Minerals |
| Sub-industry | Industrial Minerals |
| Symbol | NMDC |
| BSE code | 526371 |
| ISIN | INE584A01023 |
| Face value | ₹1.0 |
| Incorporated | 1958-11-15 |
| Website | www.nmdc.co.in |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.