NMDC Steel Ltd.

NSE: NSLNISP · Metals & Mining

₹39.60-0.73%06 Nov 2026

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

Market cap₹11,605 cr

Current price₹39.60

High / Low₹53 / ₹33

P/E138.7

P/B0.88

Book value₹45.0

ROE0.6%

ROCE3.3%

Debt / equity0.35

Dividend yield—

EPS (TTM)₹0.29

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY25	FY26
Revenue	0	3,049	8,503	13,642
EBITDA	0	-1,437	-1,788	1,518
Operating margin	—	-47.1%	-21.0%	11.1%
Interest	0	331	652	487
Depreciation	0	553	953	1,042
Profit before tax	0	-2,201	-3,322	76
Tax	0	-641	-948	17
Net profit	0	-1,560	-2,374	59
EPS ₹	0.00	-5.32	-8.10	0.20
Operating cash flow	1,516	-2,733	1,966	1,796
Capex	2,155	0	428	271
Dividend paid	0	0	0	0
Total assets	25,568	29,368	28,470	28,237
Equity	17,049	15,488	13,114	13,173

Quarterly performance

last 14 quarters · ₹ crore

showing latest 8 of 14 periods

	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	0	0	277	926	1,846	2,023	1,522	2,120	2,838	3,365	3,390	3,008	3,879	3,662
Operating profit	0	0	-72	-409	-956	-401	-441	-656	-291	408	207	98	806	400
Operating margin	—	—	-26.0%	-44.2%	-51.8%	-19.8%	-28.9%	-31.0%	-10.2%	12.1%	6.1%	3.2%	20.8%	10.9%
Other income	0	0	13	16	90	21	13	18	19	20	21	19	26	43
Interest	0	0	41	134	155	153	161	165	172	134	128	128	96	126
Depreciation	0	0	75	226	252	239	240	253	221	258	283	252	249	242
Profit before tax	0	0	-175	-753	-1,273	-772	-829	-1,056	-664	36	-183	-264	486	74
Tax	0	0	-44	-185	-412	-225	-234	-299	-191	11	-68	-20	94	23
Net profit	0	0	-131	-568	-861	-547	-595	-758	-473	26	-115	-244	392	51
EPS ₹	0.00	0.00	-0.45	-1.94	-2.94	-1.87	-2.03	-2.59	-1.62	0.09	-0.39	-0.83	1.34	0.19
Revenue YoY	—	—	—	—	—	—	448.8%	128.9%	53.8%	66.4%	122.7%	41.9%	36.7%	8.8%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	97.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 11 periods

	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	-4.1%	-10.1%	-13.6%	-17.9%	-19.2%	-18.1%	-13.7%	-10.1%	-6.2%	0.4%	0.6%
ROCE	-3.4%	-8.4%	-11.2%	-14.5%	-15.8%	-14.0%	-9.9%	-6.9%	-2.8%	3.2%	3.3%
Net margin	-58.1%	-51.2%	-41.6%	-40.7%	-36.8%	-27.9%	-18.3%	-11.3%	-6.4%	0.4%	0.6%
EBITDA margin	-40.0%	-47.1%	-36.2%	-34.9%	-32.7%	-21.0%	-9.9%	-2.8%	3.3%	11.1%	10.8%
Debt / equity	0.31	0.43	0.43	0.45	0.45	0.45	0.45	0.41	0.41	0.35	0.35
Interest coverage	-4.30	-5.66	-5.15	-5.01	-5.19	-4.10	-2.97	-2.11	-0.91	1.16	1.24
Asset turnover	0.04	0.10	0.17	0.22	0.26	0.30	0.35	0.42	0.45	0.48	0.49

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	2,931	2,931	2,931	2,931	2,931	2,931	2,931
Other equity / reserves	14,118	13,987	12,558	11,415	10,184	10,095	10,243
Total equity	17,049	16,917	15,488	14,346	13,114	13,025	13,173
Borrowings	3,842	5,180	6,652	6,503	5,898	5,299	4,602
Current liabilities	2,199	3,757	7,106	8,846	9,903	9,877	12,195
Non-current liabilities	6,320	6,878	6,774	5,824	5,452	4,978	2,869
Total assets	25,568	27,552	29,368	29,016	28,470	27,881	28,237
Property, plant & equipment	1,118	20,086	20,230	20,015	20,127	19,759	19,448
Capital work-in-progress	19,545	1,567	1,215	1,076	717	647	570
Investments	0	0	0	0	0	0	0
Inventories	860	2,228	3,703	3,469	3,057	2,929	3,897
Receivables	0	57	37	52	197	400	179
Cash & equivalents	621	324	7	3	7	23	9

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	0	0	0	0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹19,448 cr69%

CWIP

₹570 cr2%

Inventories

₹3,897 cr14%

Receivables

₹179 cr1%

Cash & equivalents

₹9 cr0%

Other assets

₹4,133 cr15%

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 Steel Ltd.	11,605	39.60	138.7	0.88	0.6%

StoxGud checklist: Bearish setup · 3/10

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-2.3%

6 months-10.5%

1 year-12.1%

3Y CAGR-1.2%

5Y CAGR—

10Y CAGR—

50-day avg₹41.61

200-day avg₹42.01

RSI (14)47

Compare NMDC Steel Ltd. with

Sarda Energy and Minerals vs NMDC Steel Gujarat Mineral Development Corporation vs NMDC Steel NMDC Steel vs Gravita India NMDC Steel vs Vedanta Iron and Steel NMDC Steel vs Jain Resource Recycling

FAQs

What is the share price of NMDC Steel Ltd.?

NMDC Steel Ltd. (NSLNISP) closed at ₹39.60 on NSE on 06 Nov 2026.

What is the market cap of NMDC Steel Ltd.?

₹11,605 crore at the latest close.

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

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

How fast is NMDC Steel Ltd. growing?

NMDC Steel Ltd.: Latest-quarter revenue is up 8.8% year on year, profit up 97.6%.

How profitable is NMDC Steel Ltd.?

On a trailing-twelve-month basis return on equity is 0.6%, return on capital employed 3.3%, operating margin 10.8%, net margin 0.6%.

How much debt does NMDC Steel Ltd. have?

NMDC Steel Ltd. is lightly geared: debt to equity is 0.35 with borrowings of ₹4,602 cr against cash of ₹9 cr (balance sheet of 2026-03-31). Operating profit covers interest 1.2 times.

Financials parsed from NMDC Steel Ltd.'s own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '23, annual from FY23, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.