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 ₹ 12,100 Cr.
- Current Price ₹ 41.3
- High / Low ₹ 73.7 / 38.1
- 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.
- 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 BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 Nifty Smallcap 250 Nifty Total Market
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 | 6,317 | |
| 0 | 0 | 0 | 0 | 4,485 | 8,523 | |
| Operating Profit | -0 | -0 | 0 | 0 | -1,436 | -2,206 |
| OPM % | -47% | -35% | ||||
| 0 | 0 | 0 | 0 | 119 | 140 | |
| Interest | 0 | 0 | 0 | 0 | 331 | 604 |
| Depreciation | 0 | 0 | 0 | 0 | 553 | 957 |
| Profit before tax | -0 | -0 | 0 | 0 | -2,201 | -3,627 |
| Tax % | 0% | 0% | -29% | |||
| -0 | -0 | 0 | 0 | -1,560 | -2,572 | |
| EPS in Rs | ||||||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| 1 Year: | -20% |
| Return on Equity | |
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| 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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Compliance Certificate for quarter ended December 2024.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
10 Jan - Appointment of Shri Sanjeet as Government Director on NMDC Steel Board.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
30 Dec - Extension of CMD charge for Amitava Mukherjee at NMDC Steel.
- Closure of Trading Window 30 Dec
-
Announcement under Regulation 30 (LODR)-Credit Rating
27 Dec - India Ratings revises NMDC Steel's credit rating outlook to negative.
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.