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NMDC Steel Overview

NMDC Steel Limited is a public sector undertaking (PSU) under the Ministry of Steel, Government of India. The company operates in the iron and steel industry, with a focus on the production of long steel products such as bars, rods, and wires. NMDC Steel Limited is a subsidiary of NMDC Limited, a state-owned mineral producer that primarily deals in the exploration and extraction of iron ore, copper, and other minerals. NMDC Steel Limited operates a steel plant in Nagarnar, Chhattisgarh, with an annual production capacity of 3 million metric t...Read More

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NMDC Steel Key Financials

Market Cap ₹12479 Cr.

Stock P/E -5.3

P/B 1

Current Price ₹42.6

Book Value ₹ 43.6

Face Value 10

52W High ₹49.6

Dividend Yield 0%

52W Low ₹ 33

NMDC Steel Share Price

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Volume
Price

NMDC Steel Quarterly Price

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NMDC Steel Peer Comparison

NMDC Steel Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 277 926 1846 2023 1522 2120 2838 3365 3390 3008
Other Income 13 16 90 21 13 18 19 20 21 19
Total Income 290 942 1936 2044 1535 2138 2857 3385 3411 3026
Total Expenditure 349 1335 2801 2424 1963 2776 3129 2958 3183 2910
Operating Profit -59 -393 -866 -380 -428 -638 -271 428 228 116
Interest 41 134 155 153 161 165 173 134 128 128
Depreciation 75 226 252 239 240 253 221 258 283 252
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -175 -753 -1273 -772 -829 -1056 -664 36 -183 -264
Provision for Tax -44 -185 -412 -225 -234 -299 -191 11 -68 -20
Profit After Tax -131 -568 -861 -547 -595 -758 -473 26 -115 -244
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -131 -568 -861 -547 -595 -758 -473 26 -115 -244
Adjusted Earnings Per Share -0.4 -1.9 -2.9 -1.9 -2 -2.6 -1.6 0.1 -0.4 -0.8

NMDC Steel Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 0 0 0 3049 8503 12601
Other Income 0 0 0 0 0 119 72 79
Total Income 0 0 0 0 0 3168 8575 12679
Total Expenditure 0 0 0 0 0 4486 10291 12180
Operating Profit -0 -0 -0 0 0 -1318 -1717 501
Interest 0 0 0 0 0 331 652 563
Depreciation 0 0 0 0 0 553 953 1014
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 -0 0 0 -2201 -3322 -1075
Provision for Tax 0 0 0 0 0 -641 -948 -268
Profit After Tax -0 -0 -0 0 0 -1560 -2374 -806
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -0 -0 0 0 -1560 -2374 -806
Adjusted Earnings Per Share -1.8 -1.2 -1.2 0 0 -5.3 -8.1 -2.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 179% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 18% 10% NA% NA%
ROE Average -17% -9% -38% -46%
ROCE Average -13% -7% -37% -45%

NMDC Steel Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 0 0 17049 17049 15488 13114
Minority's Interest 0 0 0 0 0 0 0
Borrowings 0 0 0 1668 3818 4261 3289
Other Non-Current Liabilities 0 0 0 485 2502 1863 565
Total Current Liabilities 0 0 0 1302 2199 7116 9903
Total Liabilities 0 0 0 20505 25568 28728 26872
Fixed Assets 0 0 0 1132 1118 20273 20131
Other Non-Current Assets 0 0 0 19280 19886 1389 890
Total Current Assets 0 0 0 93 4564 7066 5851
Total Assets 0 0 0 20505 25568 28728 26872

NMDC Steel Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 5 1 621 7
Cash Flow from Operating Activities -0 -0 -0 743 1535 -2825 1966
Cash Flow from Investing Activities 0 0 0 -1891 -2207 -228 -506
Cash Flow from Financing Activities 0 0 0 1144 1293 2439 -1460
Net Cash Inflow / Outflow 0 -0 -0 -4 620 -614 0
Closing Cash & Cash Equivalent 0 0 0 1 621 7 7

NMDC Steel Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.81 -1.23 -1.21 0 0 -5.32 -8.1
CEPS(Rs) -1.81 -1.23 -1.21 0 0 -3.44 -4.85
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 2.57 1.34 0.14 0 58.17 52.85 44.75
Core EBITDA Margin(%) 0 0 0 0 0 -47.12 -21.03
EBIT Margin(%) 0 0 0 0 0 -61.35 -31.4
Pre Tax Margin(%) 0 0 0 0 0 -72.19 -39.07
PAT Margin (%) 0 0 0 0 0 -51.18 -27.92
Cash Profit Margin (%) 0 0 0 0 0 -33.04 -16.71
ROA(%) -58.67 -49.04 -93.27 0 0 -5.75 -8.54
ROE(%) -70.4 -62.91 -163.16 0 0 -9.59 -16.6
ROCE(%) -69.98 -62.36 -161.69 0 0 -8.69 -12.98
Receivable days 0 0 0 0 0 4.43 5.03
Inventory Days 0 0 0 0 0 273.12 145.09
Payable days 0 0 0 0 0 164.18 177.59
PER(x) 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0.53 1.04 0.74
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 0 0 7.2 1.74
EV/Core EBITDA(x) -3.85 -6.61 -7.83 0 0 -16.67 -8.6
Net Sales Growth(%) 0 0 0 0 0 0 178.88
EBIT Growth(%) 0 32.21 2.11 100 0 0 -42.74
PAT Growth(%) 0 32.02 2.09 100 0 0 -52.13
EPS Growth(%) 0 32.02 2.1 100 0 0 -52.14
Debt/Equity(x) 0 0 0 0.12 0.23 0.43 0.45
Current Ratio(x) 6 3.26 1.26 0.07 2.07 0.99 0.59
Quick Ratio(x) 6 3.26 1.26 0.04 1.68 0.47 0.28
Interest Cover(x) -166.42 -112.81 -110.43 0 0 -5.66 -4.1
Total Debt/Mcap(x) 0 0 0 0 0.42 0.41 0.6

NMDC Steel Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 60.79 60.79 60.79 60.79 60.79 60.79 60.79 60.79 60.79 60.79
FII 3.94 4.33 4.64 4.52 4.56 4.58 4.6 4.67 5.13 4.8
DII 20.18 19.11 16.96 16.21 16.07 16.02 16.03 15.89 15.33 15.67
Public 15.08 15.77 17.6 18.47 18.58 18.61 18.58 18.65 18.75 18.73
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

NMDC Steel News

NMDC Steel Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -9% over the last 3 years.
  • Debtor days have increased from 164.18 to 177.59days.
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