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NMDC Steel Limited
(NSLNISP)
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Rating:56Neutral
Price Target:
₹45.00
▼(-1.53% Downside)
Action:Reiterated
Date:06/02/26
The score is driven by an improving FY2026 financial turnaround and supportive technical momentum, but is materially constrained by a very high P/E valuation and the still-thin net profitability with recent-year volatility in earnings and cash flow.
Positive Factors
Integrated steel plant assets
Owning the Nagarnar integrated plant with captive utilities creates durable vertical integration benefits: lower per-unit conversion costs, tighter control of production, and the ability to capture value across the steelmaking chain. This structural setup supports margin resilience and scale over the medium term.
Negative Factors
Very thin net profitability
A near-break-even net margin leaves little buffer against cost or demand shocks and constrains retained earnings for reinvestment. Even with operating gains, low after-tax profitability limits ROE improvement and makes sustained capital returns and debt absorption more difficult in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated steel plant assets
Owning the Nagarnar integrated plant with captive utilities creates durable vertical integration benefits: lower per-unit conversion costs, tighter control of production, and the ability to capture value across the steelmaking chain. This structural setup supports margin resilience and scale over the medium term.
Read all positive factors
NMDC Steel Limited (NSLNISP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹127.31B
Dividend YieldN/A
Average Volume (3M)555.78K
Price to Earnings (P/E)204.7
Beta (1Y)1.52
Revenue Growth60.43%
EPS GrowthN/A
CountryIN
Employees2,642
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.21
Shares Outstanding2,930,606,000
10 Day Avg. Volume328,435
30 Day Avg. Volume555,778
Financial Highlights & Ratios
PEG Ratio-1.62
Price to Book (P/B)0.74
Price to Sales (P/S)0.71
P/FCF Ratio8.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NMDC Steel Limited Business Overview & Revenue Model
Company Description
NMDC Steel Limited manufactures and sells steel products in India. It offers hot rolled coils, sheets, and plates of welded steel pipe for pipeline transportation systems; structural and silicon steel; pig iron; and LPG grades of LPG cylinders man...
How the Company Makes Money
NSL primarily makes money by manufacturing steel at its integrated steel plant and selling finished steel products to customers in domestic and, where applicable, export markets. Its core revenue stream is the sale of steel products (exact product...
NMDC Steel Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
59
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 136.42B | 85.03B | 30.49B | 0.00 | 0.00 |
| Gross Profit | 35.71B | 9.66B | -12.77B | 0.00 | 0.00 |
| EBITDA | 16.04B | -17.17B | -13.18B | 0.00 | -71.67K |
| Net Income | 587.20M | -23.74B | -15.60B | 0.00 | -72.32K |
Balance Sheet | |||||
| Total Assets | 282.37B | 284.70B | 293.68B | 255.68B | 39.02K |
| Cash, Cash Equivalents and Short-Term Investments | 8.00B | 9.62B | 1.82B | 6.55B | 39.02K |
| Total Debt | 46.13B | 59.09B | 66.62B | 38.42B | 0.00 |
| Total Liabilities | 150.64B | 153.55B | 138.80B | 85.20B | 30.85K |
| Stockholders Equity | 131.73B | 131.14B | 154.88B | 170.49B | 8.16K |
Cash Flow | |||||
| Free Cash Flow | 11.10B | 15.38B | -33.17B | -6.39B | -78.76K |
| Operating Cash Flow | 13.81B | 19.66B | -27.33B | 15.16B | -78.76K |
| Investing Cash Flow | 364.60M | -5.06B | -6.90B | -22.07B | 1.92K |
| Financing Cash Flow | -14.16B | -14.60B | 28.08B | 12.93B | 0.00 |
NMDC Steel Limited Technical Analysis
Positive
45.70
Price Trends
45.28
Negative
42.18
Positive
42.54
Positive
Market Momentum
-0.72
Positive
44.20
Neutral
40.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NSLNISP, the sentiment is Positive. The current price of 45.7 is above the 20-day moving average (MA) of 44.00, above the 50-day MA of 45.28, and above the 200-day MA of 42.54, indicating a neutral trend. The MACD of -0.72 indicates Positive momentum. The RSI at 44.20 is Neutral, neither overbought nor oversold. The STOCH value of 40.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NSLNISP.
NMDC Steel Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹2.99T | 13.53 | ― | 0.26% | 12.22% | 411.48% | |
63 Neutral | ₹607.35B | 19.02 | ― | 0.38% | 9.27% | 27.44% | |
63 Neutral | ₹675.13B | 19.98 | ― | 1.21% | 8.13% | 42.14% | |
58 Neutral | ₹2.32T | 21.44 | ― | 2.11% | 6.22% | 215.56% | |
56 Neutral | ₹127.31B | 204.71 | ― | ― | 60.43% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹1.05T | 30.93 | ― | 0.20% | 6.95% | 18.97% |
* General Sector Average
IN:NSLNISP
NMDC Steel Limited
42.96
3.33
8.40%
IN:JINDALSTEL
Jindal Steel Limited
1,024.00
68.15
7.13%
IN:JSL
Jindal Stainless Limited
735.80
61.83
9.17%
IN:JSWSTEEL
JSW Steel Limited
1,238.35
209.81
20.40%
IN:SAIL
Steel Authority of India Limited
163.05
28.29
20.99%
IN:TATASTEEL
Tata Steel Limited
185.90
26.68
16.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.