āagman

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

NMDC Steel Ltd

NSE: NSLNISP
₹40.24
+₹0.49 (+1.23%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹11,497 Cr
CMP
₹40.24
52-wk High / Low
₹54 / 33
P/E
137.0
P/B
0.9
Book Value
₹45.0
Div Yield
0.00%
ROCE
3.0%
ROE
0.5%
Face Value
₹10
D/E
0.35

Price−9.0% over 1Y

āagman read

Computed by āagman
Derived from 7 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹14
√(22.5 × EPS × book value per share)
ROIC
2.1%
vs 10.6% sector median
Cash flow to profit
30.44
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−120
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
0.5%
ROE × earnings retention ratio
ROE stability
7.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.63DII −0.07
Latest quarter vs the previous one
Cash-accrual divergence
−6.1%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 1.2pp over the last year
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Latest ROCE of 3% trails the sector median of 16%
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone 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
Sales02779261,8462,0231,5222,1202,8383,3653,3903,0083,8793,662
Expenses03501,3352,8012,4241,9632,7763,1292,9583,1832,9103,0733,262
Operating Profit0−72−409−956−401−441−656−29140820798806400
OPM %—−26.0%−44.2%−51.8%−19.8%−29.0%−30.9%−10.3%12.1%6.1%3.3%20.8%10.9%
Other Income0131690211318192021192643
Interest04113415515316116517213412812896126
Depreciation075226252239240253221258283252249242
Profit before tax0−175−753−1,273−772−829−1,056−66436−183−26448674
Net Profit0−131−568−861−547−595−758−47326−115−24439251
EPS (₹)0.00−0.45−1.94−2.94−1.87−2.03−2.59−1.620.09−0.39−0.831.340.17

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 7 years + TTM
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales00003,0498,50313,64213,938
Expenses00004,48510,29112,12312,428
Operating Profit0000−1,436−1,7881,5181,510
OPM %————−47.1%−21.0%11.1%10.8%
Other Income00001197286109
Interest0000331652487479
Depreciation00005539531,0421,026
Profit before tax0000−2,201−3,32276114
Net Profit0000−1,560−2,3745984
EPS (₹)———0.00−5.32−8.100.200.29

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital0002,9312,9312,9312,931—
Reserves0017,04914,11812,55810,18410,243—
Borrowings001,6913,8426,6625,9094,613—
Other Liabilities001,7654,6787,2189,44410,451—
Total Liabilities0020,50425,56829,36828,46728,237—
Fixed Assets001,1321,11820,27320,13119,452—
CWIP0017,03819,5451,215717570—
Investments0000000—
Other Assets002,3344,9047,8817,6198,215—
Total Assets0020,50425,56829,36828,46728,237—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity007431,516−2,8251,9661,796
Cash from Investing Activity00−1,891−2,189−228−506109
Cash from Financing Activity001,1441,2932,439−1,460−1,902
Net Cash Flow00−4620−61402

Ratios

As of 31 Mar 2026
7 periods
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—−200.00.00.0−9.0−13.03.0
ROE %——————0.5
EPS (₹)———0.00−5.32−8.100.20
Book Value (₹)——————45.0
Face Value (₹)——————10
P/E——————137.0
Div Yield %——————0.00
NPM %————−49.2−27.70.4
OPM %————−47.0−21.011.0
D/E0.000.000.100.230.430.450.35
P/B——————0.9

Growth

As of 11 Oct 2026
Compounded sales growth
TTM+42.0%
Compounded profit growth
5 years+468.0%
TTM+105.0%
Stock price CAGR
3 years−9.0%
Last year−13.0%
Return on equity
5 years−5.0%
3 years−9.0%
Last year0.0%

Shareholding pattern

As of 30 Sep 2024
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters60.79%60.79%60.79%60.79%60.79%60.79%
FIIs4.26%4.26%4.64%4.60%4.85%5.48%
DIIs19.99%19.99%16.95%16.03%15.85%15.78%
Government——————
Public14.95%14.95%17.60%18.58%18.50%17.93%
No. of shareholders6,72,4316,72,4317,34,9758,00,1507,21,3607,11,902
Change since Jun 2023 (pp)
Promoters +0.00FIIs +1.22DIIs −4.21Public +2.98

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportClosure of Trading WindowProceedings Of 11Th AGM Of NMDC Steel Limited Held On Monday, 28Th September, 2026.Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman