NMDC Ltd
NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.(Source : 202003 Annual Report Page No:119)
- Market Cap ₹ 79,610 Cr.
- Current Price ₹ 272
- High / Low ₹ 273 / 104
- Stock P/E 13.8
- Book Value ₹ 83.6
- Dividend Yield 2.43 %
- ROCE 30.2 %
- ROE 23.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
- Company has been maintaining a healthy dividend payout of 38.9%
Cons
- The company has delivered a poor sales growth of 8.75% over past five years.
- Promoter holding has decreased over last 3 years: -7.50%
- Working capital days have increased from 58.6 days to 102 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7,564 | 10,704 | 12,058 | 12,356 | 6,456 | 8,828 | 11,615 | 12,153 | 11,699 | 15,370 | 25,965 | 17,667 | 20,670 | |
1,727 | 3,334 | 4,335 | 4,591 | 3,771 | 5,233 | 5,812 | 5,228 | 5,697 | 6,580 | 13,338 | 11,613 | 13,316 | |
Operating Profit | 5,837 | 7,370 | 7,723 | 7,765 | 2,685 | 3,595 | 5,803 | 6,925 | 6,002 | 8,790 | 12,626 | 6,054 | 7,353 |
OPM % | 77% | 69% | 64% | 63% | 42% | 41% | 50% | 57% | 51% | 57% | 49% | 34% | 36% |
885 | 2,243 | 2,182 | 2,155 | 1,682 | 910 | 667 | 588 | 417 | 351 | 716 | 2,004 | 1,927 | |
Interest | 0 | 13 | 2 | 0 | 66 | 21 | 37 | 40 | 10 | 17 | 39 | 75 | 69 |
Depreciation | 74 | 139 | 151 | 173 | 218 | 197 | 257 | 279 | 295 | 229 | 288 | 336 | 333 |
Profit before tax | 6,648 | 9,461 | 9,753 | 9,747 | 4,084 | 4,287 | 6,176 | 7,194 | 6,114 | 8,896 | 13,016 | 7,646 | 8,878 |
Tax % | 34% | 33% | 34% | 34% | 34% | 40% | 38% | 36% | 41% | 30% | 27% | 28% | |
4,372 | 6,334 | 6,371 | 6,351 | 2,544 | 2,543 | 3,808 | 4,617 | 3,573 | 6,277 | 9,429 | 5,601 | 6,433 | |
EPS in Rs | 11.03 | 15.98 | 16.07 | 16.01 | 6.42 | 8.04 | 12.04 | 15.08 | 11.67 | 21.42 | 32.17 | 19.12 | 21.95 |
Dividend Payout % | 20% | 44% | 53% | 53% | 171% | 64% | 36% | 37% | 45% | 36% | 46% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 9% |
3 Years: | 15% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | 5% |
3 Years: | 9% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 29% |
3 Years: | 23% |
1 Year: | 148% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 23% |
3 Years: | 28% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 396 | 396 | 396 | 396 | 396 | 316 | 316 | 306 | 306 | 293 | 293 | 293 | 293 |
Reserves | 11,231 | 27,122 | 29,550 | 31,870 | 28,784 | 22,266 | 24,101 | 25,738 | 27,367 | 29,591 | 17,725 | 22,328 | 24,194 |
0 | 0 | 0 | 0 | 1,497 | 0 | 500 | 364 | 566 | 2,000 | 1,800 | 423 | 2,143 | |
1,220 | 3,277 | 1,497 | 2,197 | 2,079 | 3,201 | 3,774 | 3,483 | 3,056 | 5,045 | 5,094 | 5,204 | 5,965 | |
Total Liabilities | 12,848 | 30,796 | 31,444 | 34,464 | 32,756 | 25,784 | 28,691 | 29,891 | 31,294 | 36,930 | 24,912 | 28,248 | 32,596 |
747 | 1,267 | 1,366 | 1,468 | 2,058 | 2,095 | 3,457 | 3,512 | 3,810 | 3,933 | 3,662 | 3,199 | 3,117 | |
CWIP | 248 | 3,247 | 5,297 | 7,801 | 9,747 | 11,855 | 12,545 | 13,819 | 15,530 | 17,158 | 1,333 | 1,998 | 2,600 |
Investments | 71 | 261 | 219 | 319 | 592 | 612 | 673 | 859 | 910 | 875 | 895 | 935 | 943 |
11,782 | 26,021 | 24,561 | 24,876 | 20,359 | 11,221 | 12,016 | 11,701 | 11,045 | 14,964 | 19,022 | 22,116 | 25,935 | |
Total Assets | 12,848 | 30,796 | 31,444 | 34,464 | 32,756 | 25,784 | 28,691 | 29,891 | 31,294 | 36,930 | 24,912 | 28,248 | 32,596 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,778 | 3,097 | 3,734 | 3,999 | 2,502 | 2,109 | 3,376 | 4,002 | 2,126 | 7,266 | 6,942 | 2,466 | |
491 | 659 | 3,444 | -517 | 3,645 | 5,171 | -1,865 | -789 | -313 | -4,316 | -3,214 | 43 | |
-727 | -2,548 | -5,801 | -3,449 | -6,290 | -7,249 | -1,557 | -3,201 | -1,753 | -2,591 | -4,067 | -2,536 | |
Net Cash Flow | 2,542 | 1,208 | 1,376 | 33 | -144 | 31 | -46 | 11 | 60 | 359 | -339 | -28 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 37 | 44 | 52 | 45 | 43 | 46 | 43 | 69 | 51 | 42 | 55 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 49 | 37 | 44 | 52 | 45 | 43 | 46 | 43 | 69 | 51 | 42 | 55 |
Working Capital Days | 41 | 45 | 116 | 101 | 92 | 3 | 11 | 20 | 71 | 19 | 55 | 102 |
ROCE % | 67% | 34% | 32% | 14% | 16% | 25% | 28% | 23% | 30% | 50% | 30% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
2 May - Details of production and sales of iron ore (provisional) for the month of April 2024.
- Prices Of Iron Ore W.E.F. 27.04.2024. 29 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR} Regulations, 2015 For The Year Ended 31St March 2024. 23 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
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Announcement under Regulation 30 (LODR)-Resignation of Director
18 Apr - Resignation of Shri Sanjay Tandon as Independent Director - Additional details being provided in continuation of our earlier letter dated 16.04.2024 on the captioned subject.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Dec 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Nov 2013TranscriptNotesPPTREC
A Navratna company[1]
National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies.