NMDC Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 9:14 pm

Market Cap	59,784 Cr.
Current Price	68.0
High / Low	95.4/59.5
Stock P/E	9.22
Book Value	32.3
Dividend Yield	3.55 %
ROCE	30.9 %
ROE	23.9 %
Face Value	1.00
PEG Ratio	14.49

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for NMDC Ltd

Competitors of NMDC Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Ganesha Ecoverse Ltd	81.8 Cr.	33.2	62.6/25.1	15.1	4.29	0.00 %	24.4 %	47.6 %	10.0
Foundry Fuel Products Ltd	4.37 Cr.	5.45	14.6/4.83		1.35	0.00 %	%	%	10.0
Deccan Gold Mines Ltd	2,052 Cr.	132	179/85.3		14.2	0.00 %	8.77 %	34.8 %	1.00
Asi Industries Ltd	340 Cr.	37.8	65.9/22.3	11.7	35.9	0.93 %	10.1 %	7.47 %	1.00
Anmol India Ltd	99.0 Cr.	17.3	43.2/14.0	10.6	18.4	0.00 %	14.9 %	23.6 %	10.0
Industry Average	40,886.15 Cr	600.75		64.02	74.50	1.76%	20.87%	21.62%	5.18

All Competitor Stocks of NMDC Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	5,874	6,785	4,767	3,328	3,720	5,851	5,395	4,014	5,410	6,489	5,414	4,919	6,568
Expenses	3,263	4,061	2,869	2,477	2,579	3,689	3,401	2,824	3,403	4,388	3,074	3,533	4,196
Operating Profit	2,611	2,725	1,898	851	1,141	2,162	1,994	1,190	2,007	2,102	2,340	1,386	2,372
OPM %	44%	40%	40%	26%	31%	37%	37%	30%	37%	32%	43%	28%	36%
Other Income	153	332	146	426	205	1,228	294	321	84	389	365	361	375
Interest	9	25	15	18	30	12	6	19	32	21	23	29	61
Depreciation	61	112	85	74	84	93	69	89	82	111	74	103	103
Profit before tax	2,694	2,920	1,944	1,185	1,232	3,285	2,212	1,404	1,977	2,359	2,608	1,614	2,584
Tax %	24%	36%	24%	25%	27%	31%	25%	27%	26%	40%	25%	26%	27%
Net Profit	2,048	1,866	1,445	972	914	2,272	1,653	1,026	1,482	1,410	1,969	1,205	1,880
EPS in Rs	2.33	2.12	1.64	1.11	1.04	2.58	1.88	1.17	1.69	1.61	2.24	1.38	2.14

Last Updated: February 28, 2025, 6:07 pm

Below is a detailed analysis of the quarterly data for NMDC Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 6,568.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,919.00 Cr. (Sep 2024) to 6,568.00 Cr., marking an increase of 1,649.00 Cr..
For Expenses, as of Dec 2024, the value is 4,196.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,533.00 Cr. (Sep 2024) to 4,196.00 Cr., marking an increase of 663.00 Cr..
For Operating Profit, as of Dec 2024, the value is 2,372.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,386.00 Cr. (Sep 2024) to 2,372.00 Cr., marking an increase of 986.00 Cr..
For OPM %, as of Dec 2024, the value is 36.00%. The value appears strong and on an upward trend. It has increased from 28.00% (Sep 2024) to 36.00%, marking an increase of 8.00%.
For Other Income, as of Dec 2024, the value is 375.00 Cr.. The value appears strong and on an upward trend. It has increased from 361.00 Cr. (Sep 2024) to 375.00 Cr., marking an increase of 14.00 Cr..
For Interest, as of Dec 2024, the value is 61.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 29.00 Cr. (Sep 2024) to 61.00 Cr., marking an increase of 32.00 Cr..
For Depreciation, as of Dec 2024, the value is 103.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 103.00 Cr..
For Profit before tax, as of Dec 2024, the value is 2,584.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,614.00 Cr. (Sep 2024) to 2,584.00 Cr., marking an increase of 970.00 Cr..
For Tax %, as of Dec 2024, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Sep 2024) to 27.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is 1,880.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,205.00 Cr. (Sep 2024) to 1,880.00 Cr., marking an increase of 675.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.14. The value appears strong and on an upward trend. It has increased from 1.38 (Sep 2024) to 2.14, marking an increase of 0.76.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:21 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	10,704	12,058	12,356	6,456	8,828	11,615	12,153	11,699	15,370	25,965	17,667	21,308	23,390
Expenses	3,334	4,335	4,591	3,771	5,233	5,812	5,228	5,697	6,580	13,338	11,613	14,014	15,191
Operating Profit	7,370	7,723	7,765	2,685	3,595	5,803	6,925	6,002	8,790	12,626	6,054	7,294	8,199
OPM %	69%	64%	63%	42%	41%	50%	57%	51%	57%	49%	34%	34%	35%
Other Income	2,243	2,182	2,155	1,682	910	667	588	417	351	716	2,004	1,087	1,489
Interest	13	2	0	66	21	37	40	10	17	39	75	78	134
Depreciation	139	151	173	218	197	257	279	295	229	288	336	351	390
Profit before tax	9,461	9,753	9,747	4,084	4,287	6,176	7,194	6,114	8,896	13,016	7,646	7,952	9,164
Tax %	33%	34%	34%	34%	40%	38%	36%	41%	30%	27%	28%	30%
Net Profit	6,334	6,371	6,351	2,544	2,543	3,808	4,617	3,573	6,277	9,429	5,601	5,575	6,464
EPS in Rs	5.33	5.36	5.34	2.14	2.68	4.01	5.03	3.89	7.14	10.72	6.37	6.34	7.37
Dividend Payout %	44%	53%	53%	171%	64%	36%	37%	45%	36%	46%	35%	38%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	0.58%	-0.31%	-59.94%	-0.04%	49.74%	21.24%	-22.61%	75.68%	50.22%	-40.60%	-0.46%
Change in YoY Net Profit Growth (%)	0.00%	-0.90%	-59.63%	59.90%	49.78%	-28.50%	-43.86%	98.29%	-25.46%	-90.81%	40.13%

NMDC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	12%
3 Years:	12%
TTM:	13%

Compounded Profit Growth
10 Years:	-1%
5 Years:	5%
3 Years:	-3%
TTM:	13%

Stock Price CAGR
10 Years:	8%
5 Years:	29%
3 Years:	18%
1 Year:	-18%

Return on Equity
10 Years:	19%
5 Years:	24%
3 Years:	29%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:58 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	396	396	396	396	316	316	306	306	293	293	293	293	293
Reserves	27,122	29,550	31,870	28,784	22,266	24,101	25,738	27,367	29,591	17,725	22,328	25,363	28,076
Borrowings	0	0	0	1,497	0	500	364	566	2,000	1,800	2,128	3,359	4,158
Other Liabilities	3,277	1,497	2,197	2,079	3,201	3,774	3,483	3,056	5,045	5,094	5,204	6,646	7,394
Total Liabilities	30,796	31,444	34,464	32,756	25,784	28,691	29,891	31,294	36,930	24,912	29,953	35,661	39,920
Fixed Assets	1,267	1,366	1,468	2,058	2,095	3,457	3,512	3,810	3,933	3,662	3,199	3,377	5,056
CWIP	3,247	5,297	7,801	9,747	11,855	12,545	13,819	15,530	17,158	1,333	1,998	3,235	3,760
Investments	261	219	319	592	612	673	859	910	875	895	940	956	964
Other Assets	26,021	24,561	24,876	20,359	11,221	12,016	11,701	11,045	14,964	19,022	23,816	28,094	30,140
Total Assets	30,796	31,444	34,464	32,756	25,784	28,691	29,891	31,294	36,930	24,912	29,953	35,661	39,920

Below is a detailed analysis of the balance sheet data for NMDC Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹293.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 293.00 Cr..
For Reserves, as of Sep 2024, the value is ₹28,076.00 Cr.. The value appears strong and on an upward trend. It has increased from 25,363.00 Cr. (Mar 2024) to ₹28,076.00 Cr., marking an increase of 2,713.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹4,158.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 3,359.00 Cr. (Mar 2024) to ₹4,158.00 Cr., marking an increase of 799.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹7,394.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,646.00 Cr. (Mar 2024) to ₹7,394.00 Cr., marking an increase of 748.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹39,920.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 35,661.00 Cr. (Mar 2024) to ₹39,920.00 Cr., marking an increase of 4,259.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹5,056.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,377.00 Cr. (Mar 2024) to ₹5,056.00 Cr., marking an increase of 1,679.00 Cr..
For CWIP, as of Sep 2024, the value is ₹3,760.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,235.00 Cr. (Mar 2024) to ₹3,760.00 Cr., marking an increase of 525.00 Cr..
For Investments, as of Sep 2024, the value is ₹964.00 Cr.. The value appears strong and on an upward trend. It has increased from 956.00 Cr. (Mar 2024) to ₹964.00 Cr., marking an increase of 8.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹30,140.00 Cr.. The value appears strong and on an upward trend. It has increased from 28,094.00 Cr. (Mar 2024) to ₹30,140.00 Cr., marking an increase of 2,046.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹39,920.00 Cr.. The value appears strong and on an upward trend. It has increased from 35,661.00 Cr. (Mar 2024) to ₹39,920.00 Cr., marking an increase of 4,259.00 Cr..

Notably, the Reserves (28,076.00 Cr.) exceed the Borrowings (4,158.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	7.00	7.00	7.00	1.00	3.00	-495.00	-358.00	-560.00	6.00	11.00	4.00	4.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	37	44	52	45	43	46	43	69	51	42	90	60
Inventory Days
Days Payable
Cash Conversion Cycle	37	44	52	45	43	46	43	69	51	42	90	60
Working Capital Days	45	116	101	92	3	11	20	71	19	55	138	71
ROCE %		34%	32%	14%	16%	25%	28%	23%	30%	50%	29%	31%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%
FIIs	6.83%	5.32%	6.88%	5.89%	5.94%	6.60%	7.33%	6.99%	8.32%	9.91%	12.60%	12.76%
DIIs	21.85%	21.84%	21.81%	22.14%	20.98%	20.23%	19.39%	18.00%	17.73%	17.33%	14.09%	14.31%
Public	10.53%	12.05%	10.51%	11.18%	12.27%	12.34%	12.47%	14.20%	13.16%	11.96%	12.51%	12.12%
No. of Shareholders	5,20,388	6,33,043	6,12,387	6,55,658	6,96,901	7,07,706	7,13,832	7,37,733	7,39,395	7,49,330	8,57,003	8,93,897

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Contra Fund	13,700,113	1.28	301.2	13,700,113	2025-04-22 17:25:24	0%
SBI Arbitrage Opportunities Fund	6,808,500	0.56	149.68	6,808,500	2025-04-22 17:25:24	0%
ICICI Prudential Equity - Arbitrage Fund	5,836,500	0.79	128.32	5,836,500	2025-04-22 17:25:24	0%
Kotak Equity Arbitrage Fund - Regular Plan	5,548,500	0.34	121.98	5,548,500	2025-04-22 17:25:24	0%
UTI Nifty200 Momentum 30 Index Fund	4,481,714	2.39	98.53	4,481,714	2025-04-22 17:25:24	0%
Kotak Equity Savings Fund - Regular Plan	2,866,500	1.46	63.02	2,866,500	2025-04-22 17:25:24	0%
Kotak Balanced Advantage Fund	2,835,000	0.4	62.33	2,835,000	2025-04-22 17:25:24	0%
UTI Aggressive Hybrid Fund	2,148,578	0.89	47.24	2,148,578	2025-04-22 17:25:24	0%
SBI PSU Fund	2,050,000	3.15	45.07	2,050,000	2025-04-22 17:25:24	0%
UTI Large & Mid Cap Fund	1,971,005	1.73	43.33	1,971,005	2025-04-22 17:25:24	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	19.02	19.11	32.00	20.70	11.67
Diluted EPS (Rs.)	19.02	19.11	32.00	20.70	11.67
Cash EPS (Rs.)	20.21	20.04	33.03	22.10	12.73
Book Value[Excl.RevalReserv]/Share (Rs.)	87.54	77.19	119.43	102.02	90.41
Book Value[Incl.RevalReserv]/Share (Rs.)	87.54	77.19	119.43	102.02	90.41
Revenue From Operations / Share (Rs.)	72.71	60.28	88.31	52.45	38.21
PBDIT / Share (Rs.)	29.56	23.27	45.39	31.19	21.28
PBIT / Share (Rs.)	28.37	22.13	44.40	30.41	20.32
PBT / Share (Rs.)	27.14	26.09	44.27	30.35	19.97
Net Profit / Share (Rs.)	19.01	18.90	32.04	21.32	11.76
NP After MI And SOA / Share (Rs.)	19.02	19.11	32.00	21.42	11.67
PBDIT Margin (%)	40.65	38.60	51.39	59.47	55.69
PBIT Margin (%)	39.01	36.70	50.27	57.98	53.17
PBT Margin (%)	37.32	43.28	50.12	57.87	52.26
Net Profit Margin (%)	26.14	31.34	36.28	40.64	30.78
NP After MI And SOA Margin (%)	26.16	31.70	36.24	40.83	30.54
Return on Networth / Equity (%)	21.73	24.76	26.80	21.00	12.91
Return on Capital Employeed (%)	30.49	26.96	34.32	28.38	21.81
Return On Assets (%)	15.63	19.82	20.91	16.99	11.41
Long Term Debt / Equity (X)	0.00	0.00	0.04	0.01	0.00
Total Debt / Equity (X)	0.13	0.01	0.09	0.06	0.02
Asset Turnover Ratio (%)	0.66	0.48	0.63	0.45	0.38
Current Ratio (X)	2.56	3.76	2.28	1.91	2.64
Quick Ratio (X)	2.23	3.13	1.97	1.75	2.38
Inventory Turnover Ratio (X)	0.31	0.31	0.40	0.49	0.56
Dividend Payout Ratio (NP) (%)	45.20	19.61	46.05	36.22	45.32
Dividend Payout Ratio (CP) (%)	42.53	18.50	44.68	34.95	41.87
Earning Retention Ratio (%)	54.80	80.39	53.95	63.78	54.68
Cash Earning Retention Ratio (%)	57.47	81.50	55.32	65.05	58.13
Interest Coverage Ratio (X)	110.73	90.67	340.53	543.78	659.54
Interest Coverage Ratio (Post Tax) (X)	75.83	58.17	241.45	372.63	375.37
Enterprise Value (Cr.)	50122.12	26039.07	43142.39	35783.91	22631.36
EV / Net Operating Revenue (X)	2.35	1.47	1.67	2.33	1.93
EV / EBITDA (X)	5.79	3.82	3.24	3.91	3.47
MarketCap / Net Operating Revenue (X)	2.77	1.85	1.84	2.58	2.09
Retention Ratios (%)	54.79	80.38	53.94	63.77	54.67
Price / BV (X)	2.30	1.45	1.36	1.33	0.88
Price / Net Operating Revenue (X)	2.77	1.85	1.84	2.58	2.09
EarningsYield	0.09	0.17	0.19	0.15	0.14

After reviewing the key financial ratios for NMDC Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 19.02. This value is within the healthy range. It has decreased from 19.11 (Mar 23) to 19.02, marking a decrease of 0.09.
For Diluted EPS (Rs.), as of Mar 24, the value is 19.02. This value is within the healthy range. It has decreased from 19.11 (Mar 23) to 19.02, marking a decrease of 0.09.
For Cash EPS (Rs.), as of Mar 24, the value is 20.21. This value is within the healthy range. It has increased from 20.04 (Mar 23) to 20.21, marking an increase of 0.17.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 87.54. It has increased from 77.19 (Mar 23) to 87.54, marking an increase of 10.35.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 87.54. It has increased from 77.19 (Mar 23) to 87.54, marking an increase of 10.35.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 72.71. It has increased from 60.28 (Mar 23) to 72.71, marking an increase of 12.43.
For PBDIT / Share (Rs.), as of Mar 24, the value is 29.56. This value is within the healthy range. It has increased from 23.27 (Mar 23) to 29.56, marking an increase of 6.29.
For PBIT / Share (Rs.), as of Mar 24, the value is 28.37. This value is within the healthy range. It has increased from 22.13 (Mar 23) to 28.37, marking an increase of 6.24.
For PBT / Share (Rs.), as of Mar 24, the value is 27.14. This value is within the healthy range. It has increased from 26.09 (Mar 23) to 27.14, marking an increase of 1.05.
For Net Profit / Share (Rs.), as of Mar 24, the value is 19.01. This value is within the healthy range. It has increased from 18.90 (Mar 23) to 19.01, marking an increase of 0.11.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 19.02. This value is within the healthy range. It has decreased from 19.11 (Mar 23) to 19.02, marking a decrease of 0.09.
For PBDIT Margin (%), as of Mar 24, the value is 40.65. This value is within the healthy range. It has increased from 38.60 (Mar 23) to 40.65, marking an increase of 2.05.
For PBIT Margin (%), as of Mar 24, the value is 39.01. This value exceeds the healthy maximum of 20. It has increased from 36.70 (Mar 23) to 39.01, marking an increase of 2.31.
For PBT Margin (%), as of Mar 24, the value is 37.32. This value is within the healthy range. It has decreased from 43.28 (Mar 23) to 37.32, marking a decrease of 5.96.
For Net Profit Margin (%), as of Mar 24, the value is 26.14. This value exceeds the healthy maximum of 10. It has decreased from 31.34 (Mar 23) to 26.14, marking a decrease of 5.20.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 26.16. This value exceeds the healthy maximum of 20. It has decreased from 31.70 (Mar 23) to 26.16, marking a decrease of 5.54.
For Return on Networth / Equity (%), as of Mar 24, the value is 21.73. This value is within the healthy range. It has decreased from 24.76 (Mar 23) to 21.73, marking a decrease of 3.03.
For Return on Capital Employeed (%), as of Mar 24, the value is 30.49. This value is within the healthy range. It has increased from 26.96 (Mar 23) to 30.49, marking an increase of 3.53.
For Return On Assets (%), as of Mar 24, the value is 15.63. This value is within the healthy range. It has decreased from 19.82 (Mar 23) to 15.63, marking a decrease of 4.19.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.13. This value is within the healthy range. It has increased from 0.01 (Mar 23) to 0.13, marking an increase of 0.12.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.66. It has increased from 0.48 (Mar 23) to 0.66, marking an increase of 0.18.
For Current Ratio (X), as of Mar 24, the value is 2.56. This value is within the healthy range. It has decreased from 3.76 (Mar 23) to 2.56, marking a decrease of 1.20.
For Quick Ratio (X), as of Mar 24, the value is 2.23. This value exceeds the healthy maximum of 2. It has decreased from 3.13 (Mar 23) to 2.23, marking a decrease of 0.90.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.31. This value is below the healthy minimum of 4. There is no change compared to the previous period (Mar 23) which recorded 0.31.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 45.20. This value is within the healthy range. It has increased from 19.61 (Mar 23) to 45.20, marking an increase of 25.59.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 42.53. This value is within the healthy range. It has increased from 18.50 (Mar 23) to 42.53, marking an increase of 24.03.
For Earning Retention Ratio (%), as of Mar 24, the value is 54.80. This value is within the healthy range. It has decreased from 80.39 (Mar 23) to 54.80, marking a decrease of 25.59.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 57.47. This value is within the healthy range. It has decreased from 81.50 (Mar 23) to 57.47, marking a decrease of 24.03.
For Interest Coverage Ratio (X), as of Mar 24, the value is 110.73. This value is within the healthy range. It has increased from 90.67 (Mar 23) to 110.73, marking an increase of 20.06.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 75.83. This value is within the healthy range. It has increased from 58.17 (Mar 23) to 75.83, marking an increase of 17.66.
For Enterprise Value (Cr.), as of Mar 24, the value is 50,122.12. It has increased from 26,039.07 (Mar 23) to 50,122.12, marking an increase of 24,083.05.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.35. This value is within the healthy range. It has increased from 1.47 (Mar 23) to 2.35, marking an increase of 0.88.
For EV / EBITDA (X), as of Mar 24, the value is 5.79. This value is within the healthy range. It has increased from 3.82 (Mar 23) to 5.79, marking an increase of 1.97.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.77. This value is within the healthy range. It has increased from 1.85 (Mar 23) to 2.77, marking an increase of 0.92.
For Retention Ratios (%), as of Mar 24, the value is 54.79. This value is within the healthy range. It has decreased from 80.38 (Mar 23) to 54.79, marking a decrease of 25.59.
For Price / BV (X), as of Mar 24, the value is 2.30. This value is within the healthy range. It has increased from 1.45 (Mar 23) to 2.30, marking an increase of 0.85.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.77. This value is within the healthy range. It has increased from 1.85 (Mar 23) to 2.77, marking an increase of 0.92.
For EarningsYield, as of Mar 24, the value is 0.09. This value is below the healthy minimum of 5. It has decreased from 0.17 (Mar 23) to 0.09, marking a decrease of 0.08.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of NMDC Ltd as of April 24, 2025 is: 58.96

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 24, 2025, NMDC Ltd is Overvalued by 13.29% compared to the current share price 68.00

Intrinsic Value of NMDC Ltd as of April 24, 2025 is: 59.34

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 24, 2025, NMDC Ltd is Overvalued by 12.74% compared to the current share price 68.00

Last 5 Year EPS CAGR: 0.64%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 26.00%, which is a positive sign. The company has higher reserves (26,144.69 cr) compared to borrowings (1,259.38 cr), indicating strong financial stability. The company has shown consistent growth in sales (14.08 cr) and profit (7.54 cr) over the years.	The stock has a high average Working Capital Days of 61.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 51.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in NMDC Ltd:
1. Net Profit Margin: 26.14%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 30.49% (Industry Average ROCE: 20.87%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 21.73% (Industry Average ROE: 21.62%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 75.83
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.23
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 9.22 (Industry average Stock P/E: 64.02)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.13
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

NMDC Ltd. is a Public Limited Listed company incorporated on 15/11/1958 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L13100TG1958GOI001674 and registration number is 001674. Currently Company is involved in the business activities of Mining of iron ores, Mining of gemstones (agate, diamond, emerald, garnet (gem), jasper, rubby/ saphire etc., Manufacture of direct reduction of iron (sponge iron) and other spongy ferrous products, Manufacture of pig iron and spiegeleisen in pigs, blocks or other primary forms, Electric power generation using other non conventional sources. Company's Total Operating Revenue is Rs. 21293.81 Cr. and Equity Capital is Rs. 293.07 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Mining/Minerals	Khanij Bhavan, Hyderabad Telangana 500028	ims@nmdc.co.in http://www.nmdc.co.in

Management
Name	Position Held
Mr. Amitava Mukherjee	Chairman & Managing Director
Mr. Dilip Kumar Mohanty	Director - Production
Mrs. Sukriti Likhi	Government Nominee Director
Mr. Anil Sadashivrao Kamble	Independent Director
Mr. Vishal Babber	Independent Director
Mr. Sanjay Singh	Independent Director
Mr. Vishwanath Suresh	Director - Commercial
Mr. Vinay Kumar	Director - Technical
Mr. Abhijit Narendra	Government Nominee Director

FAQ

What is the intrinsic value of NMDC Ltd?

NMDC Ltd's intrinsic value (as of 24 April 2025) is ₹58.96 — 13.29% lower the current market price of 68.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 59,784 Cr. market cap, FY2025-2026 high/low of ₹95.4/59.5, reserves of 28,076 Cr, and liabilities of 39,920 Cr.

What is the Market Cap of NMDC Ltd?

The Market Cap of NMDC Ltd is 59,784 Cr..

What is the current Stock Price of NMDC Ltd as on 24 April 2025?

The current stock price of NMDC Ltd as on 24 April 2025 is 68.0.

What is the High / Low of NMDC Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of NMDC Ltd stocks is ₹95.4/59.5.

What is the Stock P/E of NMDC Ltd?

The Stock P/E of NMDC Ltd is 9.22.

What is the Book Value of NMDC Ltd?

The Book Value of NMDC Ltd is 32.3.

What is the Dividend Yield of NMDC Ltd?

The Dividend Yield of NMDC Ltd is 3.55 %.

What is the ROCE of NMDC Ltd?

The ROCE of NMDC Ltd is 30.9 %.

What is the ROE of NMDC Ltd?

The ROE of NMDC Ltd is 23.9 %.

What is the Face Value of NMDC Ltd?

The Face Value of NMDC Ltd is 1.00.