NMDC Steel Limited (IN:NSLNISP)
:NSLNISP
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NMDC Steel Limited
(NSLNISP)
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Rating:56Neutral
Price Target:
₹48.00
▲(5.03% Upside)
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 Nagarnar plant with captive utilities
Operating an integrated steel plant with captive utilities gives durable operational control over production and energy inputs, lowering variable cost exposure and supporting steady throughput. This structural setup helps sustain margins and enables by-product capture and cost predictability over cycles.
Negative Factors
Very thin net margin
A net margin near zero leaves little buffer against raw-material, energy, or price shocks and constrains retained earnings buildup. Despite positive operating metrics, persistently thin net profitability limits the firm's ability to generate returns for equity holders and to self-fund strategic initiatives over cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Nagarnar plant with captive utilities
Operating an integrated steel plant with captive utilities gives durable operational control over production and energy inputs, lowering variable cost exposure and supporting steady throughput. This structural setup helps sustain margins and enables by-product capture and cost predictability over cycles.
Read all positive factors
NMDC Steel Limited (NSLNISP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹137.91B
Dividend YieldN/A
Average Volume (3M)555.78K
Price to Earnings (P/E)234.6
Beta (1Y)1.50
Revenue Growth60.43%
EPS GrowthN/A
CountryIN
Employees1,026
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-4.51
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
The NMDC Iron & Steel Plant, situated in Nagarnar, India, is dedicated to the discovery and extraction of iron ore....
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.13B | 136.42B | 85.03B | 30.49B | 0.00 | 0.00 |
| Gross Profit | 26.90B | 35.71B | 9.66B | -12.77B | 0.00 | 0.00 |
| EBITDA | -2.53B | 15.18B | -17.17B | -13.18B | 0.00 | -71.67K |
| Net Income | -13.20B | 587.20M | -23.74B | -15.60B | 0.00 | -72.32K |
Balance Sheet | ||||||
| Total Assets | 278.81B | 282.37B | 284.70B | 293.68B | 255.68B | 39.02K |
| Cash, Cash Equivalents and Short-Term Investments | 8.15B | 8.00B | 9.62B | 1.82B | 6.55B | 39.02K |
| Total Debt | 53.10B | 46.13B | 59.09B | 66.62B | 38.42B | 0.00 |
| Total Liabilities | 148.55B | 150.64B | 153.55B | 138.80B | 85.20B | 30.85K |
| Stockholders Equity | 130.25B | 131.73B | 131.14B | 154.88B | 170.49B | 8.16K |
Cash Flow | ||||||
| Free Cash Flow | 6.91B | 11.10B | 15.38B | -33.17B | -6.39B | -78.76K |
| Operating Cash Flow | 8.21B | 13.81B | 19.66B | -27.33B | 15.16B | -78.76K |
| Investing Cash Flow | 1.26B | 364.60M | -5.06B | -6.90B | -22.07B | 1.92K |
| Financing Cash Flow | -9.31B | -14.16B | -14.60B | 28.08B | 12.93B | 0.00 |
NMDC Steel Limited Technical Analysis
Neutral
45.70
Price Trends
44.46
Positive
41.72
Positive
42.43
Positive
Market Momentum
0.96
Positive
51.83
Neutral
36.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NSLNISP, the sentiment is Neutral. The current price of 45.7 is below the 20-day moving average (MA) of 47.67, above the 50-day MA of 44.46, and above the 200-day MA of 42.43, indicating a neutral trend. The MACD of 0.96 indicates Positive momentum. The RSI at 51.83 is Neutral, neither overbought nor oversold. The STOCH value of 36.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NSLNISP.
NMDC Steel Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹3.16T | 14.15 | ― | 0.26% | 9.86% | 536.23% | |
63 Neutral | ₹582.86B | 18.24 | ― | 0.38% | 9.27% | 27.44% | |
63 Neutral | ₹752.17B | 22.33 | ― | 1.21% | 8.13% | 42.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹2.50T | 23.17 | ― | 2.11% | 6.22% | 215.56% | |
56 Neutral | ₹137.91B | 234.64 | ― | ― | 60.43% | ― | |
54 Neutral | ₹1.15T | 34.19 | ― | 0.20% | 6.95% | 18.97% |
* Basic Materials Sector Average
IN:NSLNISP
NMDC Steel Limited
46.88
9.45
25.25%
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33.64%
NMDC Steel Limited Corporate Events
NMDC Steel Names New Finance Director and CFO as Raj Shekhar Steps Down
Mar 31, 2026
NMDC Steel Limited has announced a change in its top finance leadership, with General Manager (Finance) K. Raj Shekhar ceasing to serve as Chief Financial Officer effective March 31, 2026, following a transition plan previously approved by the boa...
NMDC Steel Names Krishna Kumar Thakur as Director (Personnel) and Executive Director
Mar 20, 2026
NMDC Steel Limited has appointed Krishna Kumar Thakur as Director (Personnel) and Executive Director on its board, effective March 19, 2026, for a tenure of up to five years or until further orders. The company confirmed that Thakur has no familia...
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.