NMDC Steel Ltd
National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.[1]
- Market Cap ₹ 9,952 Cr.
- Current Price ₹ 34.0
- High / Low ₹ 69.0 / 33.2
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -8.69 %
- ROE -9.59 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -3.73% over last 3 years.
- Contingent liabilities of Rs.3,494 Cr.
- Company might be capitalizing the interest cost
* 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: Steel Industry: Steel - Medium / Small
Part of Nifty Smallcap 100 Nifty 500 Multicap 50:25:25 BSE Commodities BSE CPSE BSE 250 SmallCap Index
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 3,049 | 7,511 | |
| 0 | 0 | 0 | 0 | 4,485 | 9,964 | |
| Operating Profit | -0 | -0 | 0 | 0 | -1,436 | -2,453 |
| OPM % | -47% | -33% | ||||
| 0 | 0 | 0 | 0 | 119 | 142 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 635 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 985 |
| Profit before tax | -0 | -0 | 0 | 0 | -2,201 | -3,931 |
| Tax % | 0% | 0% | -29% | |||
| -0 | -0 | 0 | 0 | -1,560 | -2,761 | |
| EPS in Rs | ||||||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 524% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -295% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| Last Year: | -10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.00 | 2,931 | 2,931 | 2,931 |
| Reserves | -0 | -0 | 17,049 | 14,118 | 12,558 | 11,415 |
| 0 | 0 | 1,691 | 3,842 | 6,662 | 6,513 | |
| 0 | 0 | 1,765 | 4,678 | 7,218 | 8,157 | |
| Total Liabilities | 0 | 0 | 20,504 | 25,568 | 29,368 | 29,016 |
| 0 | 0 | 1,132 | 1,118 | 20,273 | 20,063 | |
| CWIP | 0 | 0 | 17,038 | 19,545 | 1,215 | 1,076 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 2,334 | 4,904 | 7,881 | 7,877 | |
| Total Assets | 0 | 0 | 20,504 | 25,568 | 29,368 | 29,016 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -0 | -0 | 743 | 1,516 | -2,733 | |
| 0 | 0 | -1,891 | -2,189 | -690 | |
| 0 | 0 | 1,144 | 1,293 | 2,808 | |
| Net Cash Flow | -0 | -0 | -4 | 620 | -614 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 4 | ||||
| Inventory Days | 420 | ||||
| Days Payable | 284 | ||||
| Cash Conversion Cycle | 141 | ||||
| Working Capital Days | 194 | ||||
| ROCE % | -200% | 0% | 0% | -9% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
6 Mar - Appointment of Amitava Mukherjee as Chairman & Managing Director.
-
NMDC Steel Limited Awarded 'Conformité Européenne' (CE) Certification By TUV NORD.
3 Mar - NMDC Steel Limited awarded CE Certification by TUV NORD.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 Mar - Appointment of Smt. Priyadarshini Gaddam as Director (Personnel).
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Feb - Newspaper clipping - unaudited financial results for the quarter ended 31.12.2024
-
Integrated Filing (Financial)
6 Feb - Integrated financial results for Q3 FY2024 submitted.
Product Portfolio[1]
The product mix of consists of low carbon steel, HSLA & Dual Phase Steel, and API quality steel that can be rolled into thickness range from 1mm to 16 mm. With its capability to roll 1650mm wide HR, the Thin Slab caster at Nagarnar Steel Plant is the widest Mill in the public sector.