āagman

Not investment advice. Data and computed figures, for information only.

NMDC Ltd

NSE: NMDCF&O
₹71.69
+₹0.87 (+1.23%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹63,125 Cr
CMP
₹71.69
52-wk High / Low
₹97 / 70
P/E
8.5
P/B
1.9
Book Value
₹38.7
Div Yield
4.87%
ROCE
28.0%
ROE
23.4%
Face Value
₹1
D/E
0.19

Price−7.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹86
√(22.5 × EPS × book value per share)
ROIC
15.9%
vs 10.6% sector median
Cash flow to profit
0.67
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−45
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.8%
ROE × earnings retention ratio
ROE stability
12.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.01DII +0.04
Latest quarter vs the previous one
Cash-accrual divergence
5.5%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 29% vs the 2023 sector median of 18%)
+FII holding rose by 6.3pp over the last year
+PE of 8.5x is below the sector median of 19.8x
Watch-outs
−Borrowings are up 328.0% since FY2016 (1497 to 6407)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5,3954,0145,4106,4895,4144,9196,5687,0056,7396,3787,61111,3436,795
Expenses3,4012,8243,4034,3883,0743,5334,1964,9534,2604,3855,4678,7004,327
Operating Profit1,9941,1902,0072,1022,3401,3862,3722,0512,4781,9932,1442,6442,468
OPM %37.0%29.6%37.1%32.4%43.2%28.2%36.1%29.3%36.8%31.2%28.2%23.3%36.3%
Other Income29432184389365361375492300383372432347
Interest619322123296165278355122
Depreciation69898211174103103141109110107152103
Profit before tax2,2121,4041,9772,3592,6081,6142,5842,3382,6432,2592,3752,8732,691
Net Profit1,6531,0261,4821,4101,9691,2051,8801,4771,9681,6981,7572,0271,976
EPS (₹)1.881.171.691.612.241.382.141.682.241.932.002.312.25

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales12,3566,4568,82811,61512,15311,69915,37025,96517,66721,30823,90632,07132,127
Expenses4,5913,7715,2335,8125,2285,6976,58013,33811,61314,01415,75522,81122,878
Operating Profit7,7652,6853,5955,8036,9256,0038,79012,6266,0547,2948,1509,2609,249
OPM %62.8%41.6%40.7%50.0%57.0%51.3%57.2%48.6%34.3%34.2%34.1%28.9%28.8%
Other Income2,1551,6829106675884163517162,0041,0871,5911,4881,535
Interest0662137401017397578178121116
Depreciation173218197257279295229288336351420477472
Profit before tax9,7474,0844,2876,1767,1946,1148,89613,0167,6467,9529,14310,14910,197
Net Profit6,3512,5442,5433,8084,6173,5736,2769,4295,6015,5676,5207,4507,459
EPS (₹)5.342.142.684.015.033.897.1410.726.376.347.438.478.49

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital396396316316306306293293293293879879—
Reserves31,87028,78422,26624,10125,73827,36729,59117,72522,32825,36328,81733,183—
Borrowings01,49705003645661,9941,8002,1283,3594,2766,407—
Other Liabilities2,1972,0793,2013,7743,4833,0565,0515,0945,2046,6467,0357,851—
Total Liabilities34,46432,75625,78428,69129,89131,29436,93024,91229,95335,66141,00748,320—
Fixed Assets1,4682,0582,0953,4573,5123,8103,9333,6623,1993,3775,0385,856—
CWIP7,8019,74711,85512,54513,81915,53017,1581,3331,9983,2354,7376,749—
Investments3195926126738599108758959409569781,372—
Other Assets24,87620,35911,22112,01611,70111,04514,96419,02223,81628,09430,25334,344—
Total Assets34,46432,75625,78428,69129,89131,29436,93024,91229,95335,66141,00748,320—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,7343,9992,5022,1093,3764,0022,1267,2666,9421,8387,3941,8944,996
Cash from Investing Activity3,444−5173,6455,171−1,865−789−313−4,316−3,214202−6,076306−3,842
Cash from Financing Activity−5,801−3,449−6,290−7,249−1,557−3,201−1,753−2,591−4,067−2,067−1,302−2,225−1,092
Net Cash Flow1,37633−14431−461160359−339−2816−2563

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %34.032.014.016.025.028.023.030.050.029.031.030.028.0
ROE %————————————23.4
EPS (₹)5.365.342.142.684.015.033.897.1410.726.376.347.438.47
Book Value (₹)————————————38.7
Face Value (₹)————————————1
P/E————————————8.5
Div Yield %————————————4.87
NPM %52.843.831.326.131.036.229.539.935.328.524.925.622.2
OPM %64.063.042.041.050.057.051.057.049.034.034.034.029.0
D/E0.000.000.050.000.020.010.020.070.100.090.130.140.19
P/B————————————1.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+17.0%
5 years+16.0%
3 years+22.0%
TTM+27.0%
Compounded profit growth
10 years+11.0%
5 years+4.0%
3 years+17.0%
TTM+14.0%
Stock price CAGR
10 years+9.0%
5 years+13.0%
3 years+11.0%
Last year−7.0%
Return on equity
10 years21.0%
5 years26.0%
3 years24.0%
Last year23.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.94%74.94%72.43%72.28%69.65%68.29%60.79%60.79%60.79%60.79%60.79%60.79%
FIIs4.86%4.86%4.16%3.94%6.03%4.63%6.88%7.33%12.60%11.72%13.60%13.59%
DIIs16.73%16.73%18.79%18.84%19.96%20.67%21.81%19.39%14.09%15.12%13.76%13.80%
Government0.00%0.00%0.00%0.10%0.10%0.10%0.00%0.00%0.00%0.00%0.00%0.00%
Public3.47%3.47%4.62%4.85%4.27%6.31%10.51%12.47%12.51%12.35%11.84%11.80%
No. of shareholders2,16,5382,16,5382,44,0532,45,3952,41,1773,15,6596,12,3877,13,8328,57,00311,20,68111,30,91411,29,202
Change since Jun 2023 (pp)
Promoters −14.15FIIs +8.73DIIs −2.93Public +8.33

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Monthly Business UpdatesShareholder Meeting / Postal Ballot-Scrutinizer''s ReportClosure of Trading WindowProceedings Of 68Th Annual General Meeting Of NMDC Limited Held On 28Th September 2026.
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTJun 2026TranscriptJun 2026PPTJun 2026RecordingFeb 2026PPTFeb 2026PPTOct 2025PPT

Corporate actions

As of 5 Oct 2026
5 Oct 2026DIVIDENDDividend - Re 1 Per Share—
13 Feb 2026DIVIDENDInterim Dividend - Rs 2.50 Per Share—
14 Aug 2025DIVIDENDDividend - Re 1 Per Share—
21 Mar 2025DIVIDENDInterim Dividend - Rs 2.30 Per Share—
27 Dec 2024BONUSBonus 2:1—
17 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
27 Feb 2024DIVIDENDInterim Dividend - Rs 5.75 Per Share—
31 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2.85 Per Share—
24 Feb 2023DIVIDENDInterim Dividend - Rs 3.75 Per Share—
27 Oct 2022DEMERGERDemerger—
17 Feb 2022DIVIDENDInterim Dividend - Rs 5.73 Per Share—
14 Dec 2021DIVIDEND Interim Dividend - Rs 9.01 Per Share—
22 Mar 2021DIVIDEND Interim Dividend - Rs 7.76 Per Share—
18 Feb 2020DIVIDEND Interim Dividend - Rs 5.29 Per Share—
22 Mar 2019DIVIDEND Interim Dividend - Rs 5.52 Per Share—
27 Mar 2018DIVIDEND Interim Dividend Rs 4.30 Per Share—
14 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
16 Mar 2017DIVIDEND Interim Dividend Rs 4.15 Per Share—
30 Mar 2016DIVIDEND Interim Dividend - Rs 1.50/- Per Share (Purpose Revised)—
24 Feb 2016DIVIDEND Interim Dividend - Rs 9.50/- Per Share—
21 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 1.30/- Per Share—
18 Feb 2015DIVIDENDSecond Interim Dividend - Rs 4.25/- Per Share—
13 Nov 2014DIVIDENDInterim Dividend - Rs 3/- Per Share—
17 Feb 2014DIVIDENDIi Interim Dividend @ Rs.5.50/- Per Share (Purpose Revised)—
7 Nov 2013DIVIDENDInterim Dividend - Rs 3/- Per Share—
19 Sep 2013DIVIDENDAnnual General Meeting / Final Dividend - Rs 4/- Per Share—
28 Feb 2013DIVIDENDInterim Dividend Re 1 Per Share—
22 Nov 2012DIVIDEND1st Interim Dividend Rs.2/- Per Share—
13 Sep 2012DIVIDENDAnnual General Meeting And Dividend Rs.2.50 Per Share—
9 Feb 2012DIVIDEND2nd Interim Dividend Re.1/- Per Share—
17 Nov 2011DIVIDENDInterim Dividend Re.1/- Per Share—
15 Sep 2011DIVIDENDDividend-Rs.2.15 Per Share—
10 Feb 2011DIVIDENDInterim Dividend-Rs.1.15 Per Share—
29 Jul 2010DIVIDENDAnnual General Meeting / Dividend Re 1 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman