NMDC Steel Limited

NSE: NSLNISP · Iron & Steel · sector

₹38.56NSE close 2026-10-26

Key numbers

Market cap₹11,300 cr

Price₹38.56

52w high / low₹54 / ₹33

P/E124.4xSector median 16.4x

P/B0.9xSector median 2.1x

Book value₹45.0

Dividend yield–Sector median 0.39%

ROE0.6%Sector median 9.1%

ROCE3.3%Sector median 10.1%

OPM10.8%Sector median 12.4%

Debt / equity0.35xSector median 0.35x

EV/EBITDA10.0xSector median 8.1x

Interest cover1.2x

Current ratio0.53x

Sales growth 3y–Sector median +1.5%

Profit growth 3y–Sector median +15.7%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹800 cr vs borrowings ₹4,602 cr (FY26): borrowings are higher by ₹3,802 cr.
Operating profit covered interest 1.2x in the last 12 months.
Operating cash flow was below net profit in 1 of the last 4 years (FY24).
Net loss in 5 of the last 8 quarters.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 130% of net profit in the last 12 months.
No dividend in the last 4 financial years.
Price ₹38.56 on 2026-10-26: -28.3% from the 52-week high, +16.8% 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 ₹53.95 · low ₹33.56

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,522	2,120	2,838	3,365	3,390	3,008	3,879	3,662
EBITDA	-441	-656	-291	408	207	98	806	400
OPM %	-28.9%	-31.0%	-10.2%	12.1%	6.1%	3.2%	20.8%	10.9%
Other income	13	18	19	20	21	19	26	43
Net profit	-595	-758	-473	26	-115	-244	392	51
EPS (₹)	-2.03	-2.59	-1.62	0.09	-0.39	-0.83	1.34	0.19
Revenue YoY					+122.7%	+41.9%	+36.7%	+8.8%
Profit YoY					–	–	–	+97.6%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY23	FY24	FY25	FY26	TTM
Revenue	0	3,049	8,503	13,642	13,938
EBITDA	0	-1,437	-1,788	1,518	1,510
Net profit	0	-1,560	-2,374	59	84
EPS (₹)	0.00	-5.32	-8.10	0.20	0.31
Revenue growth		–	+178.9%	+60.4%	+41.6%
Profit growth		–	–	–	–
Dividend / share (₹)	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	–	–	+41.6%
Net profit	–	–	–
EPS	–	–	–
Share price	–	-8.8% (2y)	-9.3%

Balance sheet

₹ cr	FY23	FY24	FY25	FY26
Shareholders' equity	17,049	15,488	13,114	13,173
Borrowings	3,842	6,652	5,898	4,602
Cash & equivalents	1,513	721	908	800
Total assets	25,568	29,368	28,470	28,237
Fixed assets	1,118	20,230	20,127	19,448
Capital work in progress	19,545	1,215	717	570
Investments	0	0	0	0
Receivables	0	37	197	179
Inventory	860	3,703	3,057	3,897
Payables	390	2,503	4,832	6,044

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY23	FY24	FY25	FY26
Cash from operations	1,516	-2,733	1,966	1,796
Cash from investing	-2,189	-690	-506	109
Cash from financing	1,293	2,808	-1,460	-1,902
Capex	2,155	0	428	271
Free cash flow	-639	-2,733	1,538	1,525

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY23	FY24	FY25	FY26
ROE %	0.0%	-10.1%	-18.1%	0.4%
ROCE %	0.0%	-8.4%	-14.0%	3.2%
Debtor days	–	4	8	5
Inventory days	–	420	148	160
Payable days	–	284	234	248
Cash conversion cycle (days)	–	140	-78	-83
Working capital days	–	-6	-174	-153

Shareholding

Holder	% (2026-09-30)
Promoters	60.79%
FIIs	4.93%
DIIs	15.79%
of which Mutual funds	0.85%
of which Insurance	14.36%
Government	0.00%
Public (non-institutions)	18.48%

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	13.47%

7,05,017 shareholders. Pledged: – of promoter shares.

Peers in Iron & Steel

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
JSWSTEEL	₹3,07,440 cr	12.4x	3.1x	27.6%	21.2%	25.8%	+3.8%	0.22%
TATASTEEL	₹2,11,990 cr	19.2x	2.1x	11.4%	12.1%	14.6%	-1.6%	2.12%
JINDALSTEL	₹1,05,841 cr	38.9x	2.1x	5.5%	7.4%	15.0%	+0.3%	0.20%
SAIL	₹70,136 cr	16.4x	1.2x	7.2%	8.0%	11.3%	+2.0%	0.94%
JSL	₹56,775 cr	17.0x	2.7x	17.0%	17.8%	12.4%	+6.4%	0.43%
SARDAEN	₹15,738 cr	13.9x	2.1x	16.6%	17.6%	32.4%	+10.6%	0.34%
NSLNISP	₹11,300 cr	124.4x	0.9x	0.6%	3.3%	10.8%	–	–
SANDUMA	₹7,632 cr	10.7x	2.3x	24.4%	25.5%	22.9%	–	0.27%
JAIBALAJI	₹5,738 cr	39.8x	2.5x	6.6%	10.1%	6.0%	-1.9%	–
PRAKASH	₹1,979 cr	6.3x	0.6x	9.1%	9.4%	15.1%	+0.3%	1.36%

All 14 companies in Iron & Steel →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-17	Other	Annual General Meeting
2023-08-31	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company

Steel: Hot Rolled Coils & Sheets
Others: Other sales (Pig iron, Pit iron, Coke, Crude tar etc.)


Sector	Commodities
Industry	Iron & Steel
Sub-industry	Iron & Steel
Symbol	NSLNISP
BSE code	543768
ISIN	INE0NNS01018
Face value	₹10.0
Incorporated	2015-01-02
Website	https://www.nsltd.in/en
Plants (India / abroad)	1 / 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.