NMDC Steel Ltd
NSE: NSLNISP BSE: 543768Metal
National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.[1]
₹42.6
52W: ₹33 — ₹49.6
PE 0 · Book ₹44.4 · -4% vs bookMarket Cap₹12,473 Cr
Stock P/E—Price to Earnings
ROCE13%Return on Capital
ROE16.6%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Stock is trading at 0.97 times its book value
- +Company is expected to give good quarter
Weaknesses
- −Company has low interest coverage ratio.
- −Company has a low return on equity of -8.26% over last 3 years.
Shareholding Pattern
Promoters60.79%
FIIs4.85%
DIIs15.85%
Public18.5%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% |
| FIIs | 4.52% | 4.56%▲0.0 | 4.58%▲0.0 | 4.6%▲0.0 | 4.67%▲0.1 | 5.13%▲0.5 | 4.81%▼0.3 | 4.85%▲0.0 |
| DIIs | 16.21% | 16.06%▼0.2 | 16.02%▼0.0 | 16.03%▲0.0 | 15.9%▼0.1 | 15.34%▼0.6 | 15.67%▲0.3 | 15.85%▲0.2 |
| Public | 18.47% | 18.59%▲0.1 | 18.6%▲0.0 | 18.58%▼0.0 | 18.63%▲0.1 | 18.75%▲0.1 | 18.72%▼0.0 | 18.5%▼0.2 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 277 | 926 | 1,846 | 2,023 | 1,522 | 2,120 | 2,838 | 3,365 | 3,390 | 3,008 |
| Expenses | 350 | 1,335 | 2,801 | 2,424 | 1,963 | 2,776 | 3,129 | 2,958 | 3,183 | 2,910 |
| Operating Profit | -72 | -409 | -956 | -401 | -441 | -656 | -291 | 408 | 207 | 98 |
| OPM % | -26% | -44% | -52% | -20% | -29% | -31% | -10% | 12% | 6% | 3% |
| Net Profit | -131 | -568 | -861 | -547 | -595 | -758 | -473 | 26 | -115 | -244 |
| EPS ₹ | -0.45 | -1.94 | -2.94 | -1.87 | -2.03 | -2.59 | -1.62 | 0.09 | -0.39 | -0.83 |
AI Insights
Revenue Trend
TTM revenue at ₹12,601Cr, up 48.2% YoY. OPM at 3%.
Debt Position
Borrowings at ₹5,310Cr. Debt-to-equity ratio: 0.53x. Moderate leverage.
Capex Cycle
CWIP at ₹647Cr (3% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 15.85% (-4.61pp change). FIIs: 4.85% (+1.56pp change). Promoters hold 60.79%.
Margin & Efficiency
ROCE declining from 0% (Mar 2020) to -13% (Mar 2025). Working capital days: -213.
Recent Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Compliance certificate under Regulation 74(5) for quarter ended 31 March 2026.
- Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011. 6 Apr - Promoter disclosed 60.79% stake as of 31 March 2026; no share encumbrance.
- Announcement under Regulation 30 (LODR)-Change in Management 31 Mar - Anurag Kapil appointed Director (Finance)/CFO w.e.f. 31.03.2026; K. Raj Shekhar ceased.
- Announcement under Regulation 30 (LODR)-Change in Directorate 31 Mar - Shri Anurag Kapil appointed Director (Finance) of NMDC Steel effective 31-Mar-2026 for five years.
- Extension Of Additional Charge Of The Post Of Director (Commercial), NMDC Steel Ltd. To Shri Vinay Kumar, Director (Technical). 31 Mar - Extension of Director (Commercial) additional charge to Vinay Kumar for one year from 07.04.2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse