NMDC · NMDC Ltd · Metal Mining
NMDC · NMDC Ltd · Metal Mining
As of 06 Nov close
52-week range
27.8% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹6,795 Cr
Revenue YoY
PAT YoY
+0.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.2
P/S (TTM)
2.3
Sector P/E
17.3
Dividend yield
+4.3%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NMDC (this stock) | 10 | 2.2 | +23.2% | +21.9% | 0.19 | +4.3% |
| Hindustan Zinc | 13.2 | 10.5 | +36.5% | +75.4% | 0.39 | +1.9% |
| Hindalco Industries | 14.7 | 2.2 | +4.9% | +9.8% | 0.73 | +0.5% |
| Vedanta | 11.2 | 2 | +18.6% | +39.6% | 0.56 | +11.0% |
Promoter
stable
FII
stable
MF
6.91% (+0.20pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- mediumeconomictimes.indiatimes.com· 23 Oct 2026, 12:54 pmBroader markets crash! Small, midcap indices tumble up to 4%. Why analysts are sounding the alarm
- lowzerodha.com· 30 Sept 2026, 08:56 amAdditional exposure margin on securities under MWPL
- mediumthehindubusinessline.com· 28 Sept 2026, 03:07 pmNMDC commissions ₹5,427 crore iron ore processing complex in Chhattisgarh; stock slides 2%
- lowthehindubusinessline.com· 28 Sept 2026, 07:01 amTwo dozen stocks, including NMDC, Adani Power, NTPC Green, Sedemac, Aditya Infotech, TVS Motor, Chemplast, will remain in focus on Monday
- loweconomictimes.indiatimes.com· 16 Sept 2026, 10:22 pmNMDC recovers 27.29 carat gem diamond from Panna
- lowbusiness-standard.com· 07 Sept 2026, 01:58 pm18 SME stocks at new highs; BSE SME IPO up 57% since Apr, nears record high
- unknowneconomictimes.indiatimes.com· 31 Aug 2026, 10:43 amHindustan Zinc, Vedanta, Nalco and other metal stocks slide up to 5%. Here's why
- unknownzerodha.com· 26 Aug 2026, 09:01 amAdditional exposure margin on securities under MWPL
- mediummacroeconomictimes.indiatimes.com· 17 Aug 2026, 09:32 pmAhead of Market: 10 things that will decide stock market action on Tuesday
- loweconomictimes.indiatimes.com· 17 Aug 2026, 10:36 amNMDC shares decline 4% after Q1 results. Should you buy, sell or hold the stock?
- loweconomictimes.indiatimes.com· 17 Aug 2026, 06:00 amStocks in news: Cochin Shipyard, Voltas, Patanjali Foods, and PhysicsWallah
- lowthehindubusinessline.com· 14 Aug 2026, 09:11 amQ1 Results 14th Aug Live: Ashok Leyland, NMDC, Alkem Lab, Bharat Dynamics, Voltas, 3M India, Cochin Shipyard, Physicswallah, Cholamandalam Fin, PTC Ind, Natco Pharma, Borosil to announce Q1 results, T
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation by NMDC Limited detailed the company's performance for the quarter and year ended March 31, 2026. Management reported that the company achieved its best-ever Q4 results, with iron ore production reaching 162.72 LT, a 22% increase from the previous year. Sales also saw a significant rise, totaling 11,173 INR Cr, marking a 61% increase year-over-year. EBITDA for Q4 was reported at 3,072 INR Cr, up 21% from the prior year. The presentation highlighted a 35% increase in profit after tax (PAT) to 2,020 INR Cr. For the full fiscal year, iron ore production and sales increased by 21% and 13%, respectively, with total revenue from operations reaching 31,554 INR Cr, a 33% increase compared to FY25. The document also included details on shareholder composition and investments in subsidiaries.
Management emphasized strong growth and record performance metrics.
Sourced from an exchange-filed presentation, dated 30 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by NMDC Limited provided an overview of the company's performance for the quarter and nine months ended December 31, 2025. Management reported that the company achieved its best-ever Q3 production and sales figures, with iron ore production reaching 146.84 LT and sales at 127.07 LT, marking increases of 10% and 6% respectively compared to the previous year. Revenue from operations was reported at INR 7,486 crore, a 15% increase year-on-year. However, EBITDA decreased by 10% to INR 2,504 crore, and profit after tax (PAT) also fell by 11% to INR 1,738 crore. For the nine-month period, management noted a 20% increase in production and a 10% increase in sales compared to the same period last year. The presentation included detailed financial metrics and comparisons with previous periods, highlighting both achievements and challenges faced by the company.
The presentation highlighted strong production and sales growth but also noted declines in profitability metrics.
Sourced from an exchange-filed presentation, dated 04 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by NMDC Limited provided an overview of the company's performance for the quarter and nine months ended December 31, 2026. Management reported that the company achieved its best-ever Q3 production and sales figures, with iron ore production reaching 146.84 LT and sales at 127.07 LT, marking increases of 10% and 6% respectively compared to the previous year. Revenue from operations was reported at INR 7,486 crore, a 15% increase year-over-year. However, EBITDA decreased by 10% to INR 2,504 crore, and profit after tax (PAT) also fell by 11% to INR 1,738 crore. For the nine-month period, management noted a 20% increase in production and a 10% increase in sales compared to the same period last year. The presentation included details on financial performance, operational metrics, and shareholder information.
The presentation highlighted both record production and sales figures alongside declines in profitability metrics.
Sourced from an exchange-filed presentation, dated 04 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedNMDC Limited's FY2025-26 annual report highlights the company's strategic focus on expanding its iron ore production capacity to reach 100 MTPA by 2030, emphasizing sustainable growth through technological advancements, operational efficiency, and environmental stewardship. The report underscores NMDC's commitment to responsible mining practices, including investments in biodiversity projects and zero liquid discharge systems. Additionally, the company is exploring diversification into critical minerals and enhancing its logistics infrastructure to support increased production. Corporate governance and stakeholder engagement remain central to NMDC's operations, with a strong emphasis on transparency and compliance.
- Strategic expansion to achieve 100 MTPA capacity by 2030 through brownfield and greenfield projects.
- Commitment to sustainability with initiatives like zero liquid discharge systems and biodiversity restoration.
- Diversification into critical minerals and coal mining to enhance resource security.
- Enhancement of logistics infrastructure, including railway line doubling and slurry pipeline projects.
- Strong corporate governance practices and stakeholder engagement.
Key takeaway: NMDC Limited is strategically positioning itself for long-term growth by expanding production capacity, enhancing sustainability practices, and diversifying into critical minerals, while navigating risks related to market volatility and regulatory changes.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (3 items); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceRecent (last 12 months)
The auditor expressed a modified opinion on the operating effectiveness of the Holding Company's internal financial controls with reference to the Consolidated financial statements.
Regulatory Action
3 occurrencesRecent (last 12 months)
NMDC Limited received fines from SEBI for non-compliance with SEBI Listing Regulations, specifically Regulation 17 and 19, for multiple quarters between 2019 and 2020. The company sought waivers from NSE and BSE, which were granted.
Earlier (1-3 years ago)
The company received notices from BSE and NSE for non-compliance with SEBI (LODR) Regulations, 2015, resulting in fines of ₹5,36,900, ₹5,42,800, ₹2,12,400, ₹3,63,440, ₹7,51,660, and ₹7,59,920 (inclusive of GST) for various quarters between 2019 and 2021.
NMDC-CMDC Limited (NCL) received a show cause notice from the Forest Department, Govt. of Chhattisgarh, regarding potential cancellation of Stage-II Forest clearance for Deposit-13 due to local protests and Gram Sabha demands. NCL submitted a reply to the notice.
Default / Covenant Breach
1 occurrenceRecent (last 12 months)
The company has undisputed statutory dues in arrears for more than six months as of 31 March 2026, including income tax, GST, and withholding tax, with disputes pending before various tax authorities.
Routine disclosures
Internal Control Weakness
1 occurrenceRecent (last 12 months)
The auditor identified a material weakness in internal controls at one of the company's iron ore mines as of March 31, 2026, related to lapses in movement and dispatch of iron ore through trucks and deficiencies in safeguarding and monitoring controls, which could lead to material misstatements in standalone financial statements.
Contingent Liability
3 occurrencesRecent (last 12 months)
NMDC has included ₹124.77 crores in Contingent Liabilities related to a legal dispute where they have strong grounds to win, with the matter under sub-judice and awaiting next hearing.
Earlier (1-3 years ago)
NMDC has a contingent liability related to Rs. 22.16 crores for 2017-18 not released by MC against Trade Receivables, with legal proceedings ongoing in Mines Tribunal as of May 2025, and the amount is disclosed in Contingent Liabilities of the financial statements.
NMDC has a contingent liability of ₹12.39 crore related to a bank guarantee submitted to the Government of Andhra Pradesh, which is included under contingent liabilities in the financial statements.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
NMDC Limited reported that related party transactions accounted for 47.22% of total purchases, 8.87% of total sales, and 41.48% of total loans and advances in FY 2025-26.
Earlier (1-3 years ago)
NMDC Limited reported that related parties accounted for 2.82% of purchases, 10.85% of sales, 94.34% of loans and advances, and 99.99% of investments.
NMDC Limited, along with Steel Authority of India Limited and IRCON International Limited, formed a joint venture company named Bastar Railway Private Limited (BRPL) with a memorandum of understanding signed in May 2015. NMDC invested ₹152.67 crore in BRPL, which is a related-party transaction.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has disputes over income tax and GST dues for specific fiscal years, with amounts pending before tax authorities.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
2.85% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).