NMDC Ltd.

NSE: NMDC · Metals & Mining

₹70.40-0.01%06 Nov 2026

Ask the data

Instant answers about NMDC Ltd. — computed from its filings, no language model

Market cap₹61,894 cr

Current price₹70.40

High / Low₹96 / ₹66

P/E8.3

P/B1.82

Book value₹38.7

ROE21.9%

ROCE25.8%

Debt / equity0.17

Dividend yield4.97%

EPS (TTM)₹8.48

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	11,699	15,370	25,882	17,667	21,308	32,071
EBITDA	6,002	8,789	12,583	6,053	7,292	9,260
Operating margin	51.3%	57.2%	48.6%	34.3%	34.2%	28.9%
Interest	10	17	39	75	78	121
Depreciation	295	229	288	336	351	477
Profit before tax	6,115	8,896	12,974	7,647	7,951	10,149
Tax	2,513	2,648	3,582	2,108	2,380	2,734
Net profit	3,580	6,156	9,420	5,706	5,575	7,450
EPS ₹	11.67	20.70	32.00	19.11	19.02	8.47
Operating cash flow	—	—	7,639	2,466	7,395	4,993
Capex	—	—	0	1,401	1,847	3,171
Dividend paid	—	—	4,320	1,099	2,521	3,077
Total assets	—	—	—	28,248	35,661	48,320
Equity	—	—	—	22,635	25,673	34,062

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	3,264	2,242	3,006	3,187	1,938	2,230	4,355	6,848	6,512	6,794	5,874	6,702	4,767	3,328	3,720	5,851	5,395	4,014	5,410	6,489	5,414	4,919	6,568	6,739	6,378	7,611	11,343	6,795
Operating profit	1,866	1,058	1,590	1,488	753	1,029	2,767	4,240	4,176	3,113	2,611	2,683	1,898	851	1,141	2,162	1,994	1,190	2,007	2,102	2,340	1,386	2,372	2,478	1,993	2,144	2,644	2,468
Operating margin	57.2%	47.2%	52.9%	46.7%	38.9%	46.1%	63.5%	61.9%	64.1%	45.8%	44.5%	40.0%	39.8%	25.6%	30.7%	37.0%	37.0%	29.7%	37.1%	32.4%	43.2%	28.2%	36.1%	36.8%	31.3%	28.2%	23.3%	36.3%
Other income	123	128	130	134	72	89	106	85	144	89	153	333	146	426	205	-9	294	321	337	419	365	361	375	300	383	373	432	347
Interest	12	10	10	-21	9	2	2	4	3	2	9	25	15	18	30	12	6	19	32	21	23	29	61	27	8	35	51	22
Depreciation	65	98	65	68	57	54	61	57	55	60	61	112	85	74	84	93	69	89	82	111	74	103	103	109	110	107	152	103
Profit before tax	1,912	1,079	1,646	1,479	758	1,062	2,810	4,264	4,262	3,140	2,694	2,878	1,944	1,185	1,232	3,286	2,212	1,404	1,977	2,359	2,608	1,614	2,584	2,643	2,259	2,375	2,873	2,691
Tax	734	377	271	1,131	227	289	702	1,431	1,071	801	646	1,065	476	299	328	1,008	551	379	507	943	644	418	687	675	576	628	855	685
Net profit	1,185	703	1,391	301	531	691	2,114	2,838	3,186	2,326	2,036	1,873	1,442	1,010	894	2,314	1,652	1,026	0	1,413	0	0	1,882	1,968	1,699	1,756	2,027	1,976
EPS ₹	3.83	2.26	4.55	1.03	1.73	2.46	7.05	9.64	10.87	7.94	6.99	6.20	4.92	3.32	3.11	7.75	5.64	3.50	5.06	4.82	6.72	4.13	2.14	2.24	1.93	2.00	2.31	2.25
Revenue YoY	—	—	—	—	-40.6%	-0.5%	44.9%	114.8%	236.1%	204.7%	34.9%	-2.1%	-26.8%	-51.0%	-36.7%	-12.7%	13.2%	20.6%	45.4%	10.9%	0.4%	22.5%	21.4%	24.5%	29.7%	15.9%	—	0.8%
Profit YoY	—	—	—	—	-55.2%	-1.7%	52.0%	842.8%	500.1%	236.7%	-3.7%	-34.0%	-54.7%	-56.6%	-56.1%	23.6%	14.6%	1.6%	-100.0%	-39.0%	-100.0%	-100.0%	—	—	—	-6.7%	—	0.4%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

NMDC Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	7,573	6,239	11,369	11,261	10,704	12,058	12,356	6,456	8,830	11,615	12,153
Operating profit	5,850	4,423	8,646	8,928	7,378	7,771	7,778	3,189	3,601	5,809	6,930
Operating margin	77.2%	70.9%	76.1%	79.3%	68.9%	64.4%	62.9%	49.4%	40.8%	50.0%	57.0%
Other income	875	896	1,206	2,017	2,239	2,095	2,320	1,774	909	520	588
Interest	—	—	—	—	—	—	—	—	21	37	40
Depreciation	76	77	125	133	139	150	162	208	196	256	279
Profit before tax	6,648	5,242	9,727	10,759	9,465	9,759	9,768	4,505	4,293	6,180	7,199
Tax	2,276	1,772	3,228	3,494	3,123	3,339	3,346	1,477	1,704	2,374	2,557
Net profit	4,372	3,470	6,499	7,265	6,342	6,420	6,422	3,028	2,589	3,806	4,642

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	1,112	1,624	1,895	1,673	1,624	2,340	1,936	1,278	1,390	1,588	1,983	2,518	2,460	2,621	3,770	2,783	3,062	2,822	2,595	2,840	2,612	2,048	3,204	2,871	2,480	2,823	3,884	3,477	3,105	2,946	2,829	1,806	1,602	1,517	1,530	1,721	1,739	2,498	2,872	2,842	2,421	2,469	3,883	2,422	2,438	3,649	3,643
Operating profit	814	1,312	1,398	1,315	1,220	1,954	1,361	948	1,016	1,079	1,379	2,051	1,840	2,016	2,739	2,255	2,435	2,261	1,977	2,302	1,935	1,391	1,750	1,905	1,494	1,903	2,470	2,402	2,006	1,948	1,421	1,103	902	644	540	816	826	1,027	932	1,495	1,203	1,210	1,901	1,424	1,259	2,154	2,092
Operating margin	73.3%	80.8%	73.8%	78.6%	75.1%	83.5%	70.3%	74.2%	73.1%	67.9%	69.5%	81.5%	74.8%	76.9%	72.7%	81.0%	79.5%	80.1%	76.2%	81.0%	74.1%	67.9%	54.6%	66.4%	60.2%	67.4%	63.6%	69.1%	64.6%	66.1%	50.2%	61.0%	56.3%	42.5%	35.3%	47.4%	47.5%	41.1%	32.5%	52.6%	49.7%	49.0%	49.0%	58.8%	51.7%	59.0%	57.4%
Other income	171	175	175	189	233	226	226	229	176	246	246	222	246	295	443	442	503	525	547	552	583	556	547	521	538	508	528	542	527	525	726	489	426	421	438	345	273	156	134	129	110	111	170	125	131	136	196
Interest	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1	—	—	—	13	—	—	—	2	—	—	—	—	—	—	—	65	8	1	5	6	8	10	11	8	11	10	10	10
Depreciation	14	18	15	16	17	18	24	5	25	22	25	24	30	29	42	34	32	34	32	33	33	34	39	36	35	36	43	40	41	53	28	40	51	52	65	56	54	55	31	47	62	77	70	62	68	69	80
Profit before tax	971	1,469	1,558	1,488	1,436	2,162	1,562	1,172	1,168	1,303	1,599	2,249	2,056	2,281	3,140	2,663	2,906	2,752	2,439	2,821	2,485	1,914	2,245	2,390	1,997	2,374	2,998	2,904	2,380	2,420	2,064	1,551	1,263	1,011	680	1,097	1,043	921	1,232	1,569	1,241	1,378	1,993	1,477	1,313	2,211	2,198
Tax	331	501	541	507	491	737	541	398	397	443	534	745	678	763	1,042	862	943	893	797	915	806	621	780	818	679	807	1,036	989	813	827	717	541	453	356	128	386	273	326	720	599	396	491	887	501	677	635	744
Net profit	640	968	1,017	981	945	1,425	1,021	774	771	860	1,066	1,504	1,379	1,518	2,099	1,801	1,963	1,859	1,642	1,906	1,679	1,293	1,465	1,572	1,318	1,567	1,962	1,915	1,567	1,593	1,347	1,010	810	655	553	711	771	595	512	969	844	887	1,106	975	636	1,577	1,454
EPS ₹	48.43	73.26	76.95	2.48	2.38	3.59	2.58	1.95	1.94	2.17	2.69	3.79	3.48	3.83	5.29	4.54	4.95	4.69	4.14	4.81	4.23	3.26	3.69	3.97	3.33	3.95	4.95	4.83	3.95	4.02	3.40	2.55	2.04	1.65	1.39	1.79	1.94	1.84	1.62	3.06	2.67	2.80	3.50	3.08	2.01	4.98	4.63
Revenue YoY	—	—	—	—	46.1%	44.1%	2.2%	-23.6%	-14.4%	-32.2%	2.4%	97.0%	77.0%	65.1%	90.1%	10.5%	24.5%	7.7%	-31.2%	2.1%	-14.7%	-27.4%	23.5%	1.1%	-5.1%	37.9%	21.2%	21.1%	25.2%	4.4%	-27.2%	-48.0%	-48.4%	-48.5%	-45.9%	-4.7%	8.5%	64.6%	87.7%	65.1%	39.2%	-1.2%	35.2%	-14.8%	0.7%	47.8%	-6.2%
Profit YoY	—	—	—	—	47.6%	47.2%	0.4%	-21.2%	-18.4%	-39.6%	4.3%	94.4%	78.8%	76.5%	96.9%	19.8%	42.4%	22.4%	-21.7%	5.8%	-14.5%	-30.5%	-10.8%	-17.5%	-21.5%	21.2%	33.9%	21.8%	18.8%	1.6%	-31.3%	-47.3%	-48.3%	-58.9%	-59.0%	-29.6%	-4.9%	-9.1%	-7.4%	36.2%	9.5%	49.0%	116.0%	0.6%	-24.6%	77.9%	31.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	—	31.0%	25.4%	25.0%	25.9%	24.0%	20.4%	15.9%	9.5%	5.0%	11.6%	21.9%	21.9%
ROCE	—	—	—	—	—	—	—	—	—	—	38.6%	32.2%	33.5%	34.6%	30.8%	33.6%	27.7%	29.1%	26.6%	28.6%	25.7%	25.8%
Net margin	30.6%	28.2%	28.1%	31.1%	40.2%	44.3%	42.7%	39.9%	36.4%	31.8%	30.8%	28.2%	32.0%	32.1%	31.0%	24.2%	19.2%	11.4%	6.4%	14.1%	23.2%	23.2%
EBITDA margin	51.3%	47.1%	46.9%	51.6%	57.2%	61.2%	58.3%	54.3%	48.6%	42.7%	38.9%	35.5%	34.3%	33.6%	34.2%	35.6%	34.2%	35.8%	35.2%	35.1%	28.9%	28.8%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.11	0.11	0.02	0.02	0.09	0.09	0.13	0.13	0.15	0.15	0.17	0.17
Interest coverage	619.93	665.20	-9329.45	-705.32	530.18	1182.99	1381.04	797.03	333.16	208.32	129.21	82.70	102.64	120.78	123.33	130.42	102.64	88.75	82.02	69.32	84.74	89.17
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.78	0.70	0.63	0.65	0.58	0.63	0.60	0.60	0.56	0.59	0.66	0.66

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	293	293	293	293	293	879	879
Other equity / reserves	20,214	22,342	24,209	25,380	28,076	31,578	33,183
Total equity	20,508	22,635	24,502	25,673	28,369	32,457	34,062
Borrowings	2,226	423	2,137	3,357	4,156	3,134	5,874
Current liabilities	4,792	4,201	6,651	8,405	9,896	8,326	12,106
Non-current liabilities	1,277	1,411	1,443	1,583	1,646	1,683	2,138
Total assets	26,589	28,248	32,596	35,661	39,920	42,477	48,320
Property, plant & equipment	2,974	2,381	2,321	2,520	4,191	4,236	4,902
Capital work-in-progress	1,617	1,992	2,600	3,231	3,760	5,309	6,749
Investments	932	0	943	956	964	1,203	1,372
Inventories	1,947	2,661	2,363	2,767	2,330	2,650	2,522
Receivables	2,603	2,656	671	3,509	4,550	7,800	9,206
Cash & equivalents	390	93	690	109	90	136	148

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	3,990	2,502	2,109	3,376	4,002	2,126	7,266	7,639	2,466	7,395	4,993
Cash from investing	1,921	3,645	5,171	-1,865	-789	-313	-4,316	-5,066	43	-6,076	-3,839
Cash from financing	-6,055	-6,290	-7,249	-1,557	-3,201	-1,753	-2,591	-2,916	-2,536	-1,302	-1,092
Capex	—	—	2,319	2,058	2,006	—	1,622	0	1,401	1,847	3,171
Free cash flow	—	—	-211	1,318	1,996	—	5,644	7,639	1,064	5,548	1,822
Dividends paid	—	—	—	2,392	—	—	—	4,320	1,099	2,521	3,077

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹4,902 cr10%

CWIP

₹6,749 cr14%

Investments

₹1,372 cr3%

Inventories

₹2,522 cr5%

Receivables

₹9,206 cr19%

Cash & equivalents

₹148 cr0%

Other assets

₹23,422 cr48%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%
NMDC Ltd.	61,894	70.40	8.3	1.82	21.9%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.3%

6 months-21.9%

1 year-8.2%

3Y CAGR+9.6%

5Y CAGR+13.6%

10Y CAGR+8.0%

50-day avg₹76.38

200-day avg₹82.63

RSI (14)45

Compare NMDC Ltd. with

Steel Authority of India vs NMDC NMDC vs National Aluminium Co.NMDC vs Jindal Stainless NMDC vs Hindustan Copper

FAQs

What is the share price of NMDC Ltd.?

NMDC Ltd. (NMDC) closed at ₹70.40 on NSE on 06 Nov 2026.

What is the market cap of NMDC Ltd.?

₹61,894 crore at the latest close.

What is the P/E ratio of NMDC Ltd.?

8.3, on trailing-twelve-month earnings from its filings.

How fast is NMDC Ltd. growing?

NMDC Ltd.: revenue has compounded at 7.4% a year over three years; net profit at -7.5% a year. Latest-quarter revenue is up 0.8% year on year, profit up 0.4%.

How profitable is NMDC Ltd.?

On a trailing-twelve-month basis return on equity is 21.9%, return on capital employed 25.8%, operating margin 28.8%, net margin 23.2%.

How much debt does NMDC Ltd. have?

NMDC Ltd. is lightly geared: debt to equity is 0.17 with borrowings of ₹5,874 cr against cash of ₹148 cr (balance sheet of 2026-03-31). Operating profit covers interest 89.2 times.

Financials parsed from NMDC Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.