NMDC Limited (NMDC) AI Stock Analysis

• Market Cap: ₹610.50B
• Dividend Yield: 4.76%
• Average Volume (3M): 1.14M
• Price to Earnings (P/E): 9.3
• Beta (1Y): 1.40
• Revenue Growth: 18.30%
• EPS Growth: 10.95%
• Country: IN
• Employees: 5,630
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): 2.20
• Shares Outstanding: 8,791,817,000
• 10 Day Avg. Volume: 995,142
• 30 Day Avg. Volume: 1,138,880
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹65.50
• Price Target Upside: -5.67% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 6

• Rating: 76 Outperform
• Price Target: ₹79.00 ▲(13.77% Upside)

NMDC Limited shows a strong valuation with an attractive P/E ratio and high dividend yield, which supports the overall score. Financial performance is solid, though declining EBIT margins and free cash flow pose potential risks. Technical analysis indicates mixed signals, with the stock facing some resistance. Overall, the stock is well-positioned but should manage operational efficiencies and cash flow for sustained growth.

NMDC Limited Business Overview & Revenue Model

Company Description

NMDC Limited (NMDC) is a state-controlled mineral producer based in India and is one of the country's largest iron ore producers. Established in 1958, NMDC operates in the mining sector, focusing primarily on the exploration and production of iron ore, which is a critical raw material for steel production. In addition to iron ore, the company is involved in other mineral resources such as copper, rock phosphate, limestone, dolomite, gypsum, and magnesite. NMDC is also engaged in value-added projects and is expanding its activities into steel production.

How the Company Makes Money

NMDC Limited makes money primarily through the mining and sale of iron ore, which accounts for the majority of its revenue. The company operates large mining facilities in India, including its flagship mines in Chhattisgarh and Karnataka, which produce high-grade iron ore for both domestic use and export. NMDC's revenue is significantly influenced by the global iron ore prices, which can fluctuate based on demand from major steel-producing countries like China. The company also generates income from the sale of other minerals, although these constitute a smaller portion of its overall revenue. Further, NMDC has ventured into steel production, which is expected to diversify its revenue streams in the future. Key partnerships, such as joint ventures with other companies for resource development and infrastructure projects, also contribute to NMDC's earnings by enhancing operational efficiency and expanding its market reach.

NMDC Limited Financial Statement Overview

Summary

NMDC Limited presents a solid financial standing with strong profitability and a stable balance sheet. The company's consistent revenue growth and manageable leverage are positive indicators. However, declining EBIT margins and free cash flow in the latest year highlight potential areas for improvement.

Income Statement

NMDC Limited demonstrates strong profitability with a high gross profit margin and a commendable net profit margin. The company has shown consistent revenue growth over the past years, which is a positive indicator of its market position and operational efficiency. However, a decline in EBIT margin in the latest year compared to previous periods suggests some pressures on operating efficiency.

Balance Sheet

The balance sheet of NMDC Limited is stable with a healthy equity ratio indicating strong asset backing by equity. The debt-to-equity ratio is manageable, reflecting moderate leverage, which is typical for the steel industry. However, there has been an increase in total debt in the latest year which could indicate rising financial obligations.

Cash Flow

While NMDC Limited has shown strong operating cash flow, the recent decline in free cash flow growth rate is concerning. The company's ability to convert operating cash flow to net income remains robust, but the high capital expenditures have pressured free cash flow, which could impact future investments or debt repayments.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	239.06B	213.08B	176.67B	259.65B	153.70B
Gross Profit	131.67B	110.99B	94.57B	166.34B	122.63B
EBITDA	97.42B	85.27B	82.32B	134.89B	92.38B
Net Income	65.42B	55.75B	56.01B	94.29B	62.77B
Balance Sheet
Total Assets	410.07B	356.61B	299.53B	261.48B	369.30B
Cash, Cash Equivalents and Short-Term Investments	103.84B	122.18B	70.34B	68.23B	37.23B
Total Debt	42.76B	33.59B	21.28B	30.36B	23.30B
Total Liabilities	113.00B	99.88B	73.18B	81.17B	70.32B
Stockholders Equity	296.96B	256.56B	226.21B	180.18B	298.84B
Cash Flow
Free Cash Flow	-13.36B	55.48B	5.90B	57.43B	56.44B
Operating Cash Flow	18.94B	73.95B	18.38B	69.42B	72.66B
Investing Cash Flow	3.06B	-60.76B	2.02B	-32.14B	-43.16B
Financing Cash Flow	-22.25B	-13.02B	-20.67B	-40.67B	-25.91B

NMDC Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 69.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NMDC, the sentiment is Positive. The current price of 69.44 is below the 20-day moving average (MA) of 70.61, above the 50-day MA of 69.43, and above the 200-day MA of 67.29, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 19.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NMDC.

NMDC Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NATIONALUM	76 Outperform	₹344.09B	6.01		5.33%	38.31%	155.44%
NMDC	76 Outperform	₹610.50B	9.34		4.76%	18.30%	10.95%
JSL	75 Outperform	₹601.15B	23.37		0.41%	6.03%	-1.70%
JINDALSTEL	63 Neutral	₹994.64B	33.30		0.21%	-5.12%	-47.40%
SAIL	61 Neutral	₹497.11B	16.38		1.61%	-0.58%	3.38%
LLOYDSME	58 Neutral	₹729.94B	47.66		0.07%	-5.12%	7.49%
Sector *	44 Neutral	C$925.83M	-8.84	-0.23%	2.68%	24.67%	-41.39%

NMDC Limited Corporate Events

NMDC Limited Updates Iron Ore Prices Effective August 2025

NMDC Limited has announced new pricing for its iron ore products effective from August 1, 2025. The price for Baila Lump is set at ₹6,100 per ton, while Baila Fines is priced at ₹5,250 per ton. These prices are inclusive of certain fees and royalties but exclude taxes such as GST and environmental cess. This pricing update reflects NMDC’s strategic positioning in the market and could impact stakeholders by influencing the cost of raw materials for steel manufacturers.