NMDC Ltd

BSE: NMDC526371ISIN INE584A01023

Commodities
Industrial Minerals
BSE 200

Share price

₹69.88+1.76 (+2.58%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

27 Dec 2024 · Bonus 2:1

52W high: ₹97.49
52W low: ₹65.15
Off 52W high: -28.32%
1M return: -5.31%
3M return: -18.18%
6M return: -21.66%
1Y return: -5.94%
20D avg volume: 21,24,242
50 DMA: ₹76.99
200 DMA: ₹82.73

Key ratios Consolidated

Market cap: ₹61,437 Cr
Current price: ₹69.88
52W high / low: ₹97.49 / ₹65.15
Face value: ₹1.00
P/E: 8.24
P/B: 1.80
EPS (TTM): ₹8.48
Book value / share: ₹38.74
ROE: —
ROCE: 28.40%
Operating margin: —
Net margin: —
Debt / equity: 0.17
Net debt: ₹5,727 Cr
Interest cover: 84.74
Dividend yield: 5.01%
Dividend / share (TTM): ₹3.50
Payout: 41.27%
Cash conversion cycle: 128.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	6,795	11,343	7,611	6,378	6,739	—	6,568	4,919	5,414	6,489	5,410	4,014
	347.29	432.36	372.59	383.32	300.11	—	375.09	360.77	364.88	419.06	336.57	321.04
	7,143	11,775	7,983	6,761	7,039	—	6,943	5,280	5,779	6,908	5,746	4,335
	4,451	8,903	5,609	4,502	4,396	—	4,359	3,665	3,171	4,520	3,517	2,931
	463.85	667.60	0.07	216.39	4.14	—	192.32	186.32	4.03	8.43	6.23	3.63
	0.00	2,837	582.21	430.91	92.19	—	113.80	—	—	—	—	—
	488.07	680.40	445.18	402.77	411.72	—	439.90	418.84	388.96	469.45	398.38	392.78
	21.61	51.41	34.96	7.68	27.15	—	60.57	29.09	23.09	21.40	32.05	18.60
	103.02	151.62	106.97	110.01	108.62	—	102.68	103.12	73.74	110.64	82.00	88.80
	4,469	4,301	4,492	3,228	3,784	—	626.84	541.93	454.60	834.84	542.64	457.85
	2,691	2,873	2,375	2,259	2,643	—	2,584	1,614	2,608	2,389	2,230	1,404
	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00	-29.85	-252.30	0.00
	2,691	2,873	2,375	2,259	2,643	—	2,584	1,614	2,608	2,359	1,977	1,404
	685.25	855.08	627.69	576.03	675.31	—	686.86	418.39	644.38	943.00	507.30	379.00
	1,976	2,027	1,757	1,699	1,968	—	1,882	1,212	1,971	1,413	1,484	1,026
	2.25	2.31	2.00	1.93	2.24	—	2.14	4.13	6.72	4.82	5.06	3.50
Key metrics
	2,816	3,076	2,517	2,377	2,779	—	2,747	1,746	2,705	2,491	2,091	1,511
	41.40%	27.10%	33.10%	37.30%	41.20%	—	41.80%	35.50%	50.00%	38.40%	38.70%	37.70%
	29.10%	17.90%	23.10%	26.60%	29.20%	—	28.70%	24.60%	36.40%	21.80%	27.40%	25.60%
	—	8.10%	—	6.60%	—	—	—	—	—	—	—	—
	0.80%	—	15.90%	29.70%	24.50%	—	21.40%	22.50%	—	—	—	—
	0.40%	—	-6.70%	40.20%	-0.20%	—	26.80%	18.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	32,127	32,071	—	21,308	17,667	25,882	15,370	11,699	12,153	11,615	8,830
	1,536	1,488	—	1,371	768.22	718.52	351.60	514.36	588.96	523.22	910.17
	33,663	33,559	—	22,679	18,435	26,600	15,722	12,214	12,742	12,138	9,740
	23,465	23,410	—	14,445	12,026	13,626	6,826	6,002	5,548	6,106	5,452
	1,348	2,172	—	20.97	70.59	106.95	42.01	—	—	—	—
	3,850	3,942	—	—	—	396.53	257.41	—	—	—	—
	2,016	1,940	—	1,626	1,531	1,337	1,085	1,049	—	—	—
	115.66	121.20	—	78.24	75.23	39.06	16.81	9.88	40.32	37.10	20.78
	471.62	477.22	—	350.66	336.18	287.74	228.54	294.93	279.04	256.63	196.65
	16,490	14,521	—	2,257	1,965	2,445	1,693	1,623	1,579	1,754	1,726
	10,198	10,149	—	8,233	6,409	12,974	8,896	6,211	7,194	6,032	4,288
	0.00	0.00	—	-282.15	1,237	0.00	0.00	-96.44	0.00	144.30	0.00
	10,198	10,149	—	7,951	7,647	12,974	8,896	6,115	7,194	6,177	4,288
	2,744	2,734	—	2,380	2,108	3,582	2,648	2,513	2,557	2,373	1,704
	7,459	7,450	—	5,575	5,601	9,379	6,277	3,602	4,637	3,803	2,583
	8.49	8.47	—	19.02	19.11	32.00	20.70	11.67	14.69	—	—
Key metrics
	10,785	10,748	—	8,380	8,058	13,301	9,141	6,420	7,513	6,470	4,505
	33.57%	33.50%	—	39.30%	45.60%	51.40%	59.50%	54.90%	61.80%	55.70%	51.00%
	23.22%	23.20%	—	26.20%	31.70%	36.20%	40.80%	30.80%	38.20%	32.70%	29.30%
	—	28.40%	—	—	—	—	—	—	—	—	—
	—	—	—	20.60%	-31.70%	68.40%	31.40%	-3.70%	4.60%	31.50%	—
	—	—	—	-0.50%	-40.30%	49.40%	74.30%	-22.30%	21.90%	47.20%	—
	—	1,822	—	—	—	—	—	—	—	—	—
	—	0.67	—	—	—	—	—	—	—	—	—
	—	0.17	—	—	—	—	—	—	—	—	—
	—	5,727	—	—	—	—	—	—	—	—	—
	—	128.9	—	—	—	—	—	—	—	—	—
Balance sheet
	—	48,320	—	—	—	—	—	—	—	—	—
	—	29,410	—	—	—	—	—	—	—	—	—
	—	147.50	—	—	—	—	—	—	—	—	—
	—	9,206	—	—	—	—	—	—	—	—	—
	—	2,522	—	—	—	—	—	—	—	—	—
	—	3,339	—	—	—	—	—	—	—	—	—
	—	4,902	—	—	—	—	—	—	—	—	—
	—	406.24	—	—	—	—	—	—	—	—	—
	—	12,106	—	—	—	—	—	—	—	—	—
	—	5,874	—	—	—	—	—	—	—	—	—
	—	5,874	—	—	—	—	—	—	—	—	—
	—	0.00	—	—	—	—	—	—	—	—	—
	—	34,076	—	—	—	—	—	—	—	—	—
Cash flow
	—	4,993	—	—	—	—	—	—	—	—	—
	—	-3,839	—	—	—	—	—	—	—	—	—
	—	-1,092	—	—	—	—	—	—	—	—	—
	—	3,171	—	—	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	6,795	11,173	7,486	6,261	6,634	6,953	6,531	4,807	5,378	6,475	5,410	4,014
	346.71	427.79	356.26	381.07	297.89	490.78	374.46	360.49	364.51	417.64	336.51	320.66
	7,142	11,601	7,842	6,642	6,932	7,444	6,905	5,167	5,742	6,893	5,746	4,335
	4,449	8,726	5,476	4,371	4,288	5,093	4,275	3,480	3,114	4,458	3,494	2,928
	463.68	568.40	0.07	141.35	4.14	1.33	153.35	125.35	4.03	8.43	6.23	3.63
	0.00	2,837	582.21	430.91	92.19	83.29	113.80	—	—	—	—	—
	487.10	678.95	442.66	401.22	410.08	544.39	435.93	412.93	388.19	465.99	397.59	391.77
	21.61	51.41	34.96	7.68	27.15	64.90	60.57	29.09	23.09	21.40	32.05	18.60
	102.83	145.18	103.70	106.73	105.45	122.82	92.12	84.23	73.61	97.49	81.90	88.55
	4,468	4,232	4,365	3,183	3,685	4,293	624.44	528.42	453.57	835.63	520.88	455.96
	2,693	2,875	2,366	2,271	2,644	2,351	2,631	1,688	2,629	2,435	2,252	1,407
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	-29.85	-252.30	—
	2,693	2,875	2,366	2,271	2,644	2,351	2,631	1,688	2,629	2,405	2,000	1,407
	685.25	855.08	627.69	576.03	675.31	854.51	686.86	418.39	644.38	943.00	507.30	379.00
	2,007	2,020	1,738	1,694	1,969	1,496	1,944	1,269	1,984	1,462	1,492	1,028
	2.28	2.30	1.98	1.93	2.24	1.70	2.21	4.33	6.77	4.99	5.09	3.51
Key metrics
	2,817	3,072	2,505	2,385	2,777	2,539	2,783	1,801	2,725	2,524	2,114	1,514
	41.50%	27.50%	33.50%	38.10%	41.90%	36.50%	42.60%	37.50%	50.70%	39.00%	39.10%	37.70%
	29.50%	18.10%	23.20%	27.10%	29.70%	21.50%	29.80%	26.40%	36.90%	22.60%	27.60%	25.60%
	—	8.10%	—	6.70%	—	7.70%	—	—	—	—	—	—
	2.40%	60.70%	14.60%	30.30%	23.40%	7.40%	20.70%	19.70%	—	—	—	—
	2.00%	35.00%	-10.60%	33.50%	-0.80%	2.30%	30.20%	23.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	31,715	31,554	23,668	21,294	17,667	25,882	15,370	11,699	12,153	11,615	8,830
	1,512	1,463	1,590	1,356	747.85	718.33	349.88	513.79	588.30	519.73	908.81
	33,227	33,017	25,259	22,649	18,415	26,600	15,720	12,213	12,741	12,135	9,738
	23,022	22,861	15,961	14,354	12,014	13,619	6,819	5,993	5,542	6,099	5,445
	1,173	1,859	12.42	20.97	70.59	106.95	42.01	36.48	52.00	—	—
	3,850	3,942	197.09	—	—	396.53	257.41	243.15	264.97	—	—
	2,010	1,933	1,781	1,619	1,526	1,334	1,082	1,047	1,037	1,046	—
	115.66	121.20	177.65	78.24	75.23	39.06	16.81	9.88	40.32	37.10	20.76
	458.44	461.06	372.78	337.05	335.41	286.85	227.83	294.38	278.89	256.04	196.18
	16,247	14,320	13,338	2,232	1,959	2,442	1,690	1,617	1,576	1,751	1,722
	10,205	10,156	9,298	8,295	6,400	12,981	8,901	6,220	7,199	6,035	4,294
	0.00	0.00	0.00	-282.15	1,237	—	—	-96.44	—	144.30	—
	10,205	10,156	9,298	8,013	7,638	12,981	8,901	6,123	7,199	6,180	4,294
	2,744	2,734	2,604	2,380	2,108	3,582	2,648	2,513	2,557	2,373	1,704
	7,460	7,421	6,693	5,632	5,529	9,398	6,253	3,610	4,642	3,806	2,589
	8.49	8.44	7.61	19.22	18.86	32.07	20.62	11.79	14.70	—	—
Key metrics
	10,779	10,738	9,848	8,429	8,048	13,307	9,146	6,428	7,518	6,473	4,511
	33.99%	34.00%	41.60%	39.60%	45.60%	51.40%	59.50%	54.90%	61.90%	55.70%	51.10%
	23.52%	23.50%	28.30%	26.40%	31.30%	36.30%	40.70%	30.90%	38.20%	32.80%	29.30%
	—	28.60%	30.40%	—	—	—	—	—	—	—	—
	27.24%	33.30%	11.20%	20.50%	-31.70%	68.40%	31.40%	-3.70%	4.60%	31.50%	—
	11.72%	10.90%	18.80%	1.90%	-41.20%	50.30%	73.20%	-22.20%	22.00%	47.00%	—
	—	1,806	-1,217	—	—	—	—	—	—	—	—
	—	0.66	0.24	—	—	—	—	—	—	—	—
	—	0.17	0.13	—	—	—	—	—	—	—	—
	—	5,750	3,694	—	—	—	—	—	—	—	—
	—	131.1	155.2	—	—	—	—	—	—	—	—
Balance sheet
	—	48,019	40,828	—	—	—	—	—	—	—	—
	—	29,324	23,289	—	—	—	—	—	—	—	—
	—	124.21	76.59	—	—	—	—	—	—	—	—
	—	9,186	7,734	—	—	—	—	—	—	—	—
	—	2,522	2,627	—	—	—	—	—	—	—	—
	—	3,339	1,873	—	—	—	—	—	—	—	—
	—	4,884	2,614	—	—	—	—	—	—	—	—
	—	378.57	298.49	—	—	—	—	—	—	—	—
	—	12,075	9,642	—	—	—	—	—	—	—	—
	—	5,874	3,770	—	—	—	—	—	—	—	—
	—	5,874	3,770	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	33,836	29,579	—	—	—	—	—	—	—	—
Cash flow
	—	4,923	1,577	—	—	—	—	—	—	—	—
	—	-3,783	704.86	—	—	—	—	—	—	—	—
	—	-1,092	-2,224	—	—	—	—	—	—	—	—
	—	3,117	2,795	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +21.33%
Sales CAGR 5Y: +15.47%
Profit CAGR 3Y: +10.31%
Profit CAGR 5Y: +3.48%
Sales YoY (TTM): +27.24%
Profit YoY (TTM): +11.72%

Consolidated

Sales CAGR 3Y: +21.99%
Sales CAGR 5Y: +15.85%
Profit CAGR 3Y: +9.97%
Profit CAGR 5Y: +3.49%
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 60.79%

Quarter	September 2026	June 2026
Promoter %	60.79%	60.79%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA	Promoter	60.79%	60.79%	0.00%
LIFE INSURANCE CORPORATION OF INDIA - P & GS Fund	Public	3.73%	4.54%	-0.81%
SBI QUANT FUND	Public	1.27%	1.75%	-0.48%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Lloyds Metals and Energy Limited	1,01,309	1,799.30	18.84	19.40%	+170.74% TTM	+198.69% TTM	+36.47%
NMDC Ltd S	61,437	69.88	8.23	28.60%	+27.24% TTM	+11.72% TTM	-5.94%
Gujarat Mineral Development Corpora	14,908	468.80	22.54	15.60%	+18.63% TTM	-34.09% TTM	-20.18%
GRAVITA INDIA LIMITED	10,876	1,473.55	27.35	18.10%	+23.93% TTM	+9.86% TTM	-16.63%
MOIL Limited	4,433	217.85	—	—	—	—	-40.11%
Ashapura Minechem Ltd	4,121	431.40	10.03	19.20%	+62.64% TTM	+19.91% TTM	-35.19%
Orissa Minerals Development Company Limited S	2,013	3,355.50	604.59	14.80%	+47.47% TTM	+108.11% TTM	-36.67%
20 Microns Limited	639	181.00	10.00	20.10%	+4.21% TTM	+2.41% TTM	-16.18%
Nile Ltd.	401	1,335.95	8.29	23.60%	+17.01% TTM	+12.07% TTM	-27.16%
Goa Carbon Ltd. S	366	400.10	-7.81	-11.10%	-2.94% TTM	-42.20% TTM	-7.78%
ASI INDUSTRIES LIMITED S	197	21.87	7.41	9.50%	+10.43% TTM	+2.66% TTM	-31.59%
Southern Magnesium And Chemicals Lt S	21	68.55	-74.51	4.80%	-48.36% TTM	-120.45% TTM	-43.95%
Kachchh Minerals Ltd. S	13	25.38	-12.88	-72.40%	—	-377.27% TTM	-22.03%
Raw Edge Industrial Solutions Limited S	13	13.27	22.12	4.00%	+5.45% TTM	+141.50% TTM	-47.28%

Filings & corporate actions

Recent announcements

Details of Production & Sales of Iron Ore (Provisional) for and upto October, 2026.2 Nov 2026 · Company Update / Monthly Business Updates
As per attachment.13 Oct 2026 · Company Update / Change in Directorate
As per attachment.13 Oct 2026 · Company Update / Change in Directorate
As per attachment.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Details of Production & Sales of Iron Ore (Provisional) for and upto September,2026.1 Oct 2026 · Company Update / Monthly Business Updates
As per attachment30 Sep 2026 · AGM/EGM / AGM
As per attached.29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
As per attachment28 Sep 2026 · AGM/EGM / AGM
As per attachment27 Sep 2026 · Company Update / General
As per attachment18 Sep 2026 · Company Update / General
As per attachment9 Sep 2026 · Company Update / General
As per attachment8 Sep 2026 · Company Update / General
Newspaper Publication - Notice to shareholders regarding Special Window for transfer & dematerialization (Demat) of physical securities8 Sep 2026 · Company Update / Newspaper Publication
Notice of 68th Annual General Meeting and e voting information Newspaper Clippings7 Sep 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for FY 2025-266 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report 2025-26 of NMDC Limited and Notice of 68th AGM and related information.6 Sep 2026 · Others / Reg. 34 (1) Annual Report
Incorporation of NMDC Global IFSC Limited as wholly owned subsidiary of NMDC Limited in IFSC, GIFT City, Gujarat.2 Sep 2026 · Company Update / General
Details of Production and Sales for and upto August 20261 Sep 2026 · Company Update / Monthly Business Updates
Cessation of Shri Ashish Chatterjee as Government Director on the Board of NMDC Limited.27 Aug 2026 · Company Update / Change in Directorate
Notice of convening of 68th Annual General Meeting of NMDC Limited through VC/OAVM.25 Aug 2026 · Company Update / Newspaper Publication
As per attachment24 Aug 2026 · Corp. Action / Record Date
As per attachment.24 Aug 2026 · Company Update / General
As per attachment14 Aug 2026 · Company Update / Investor Presentation
As per attachment14 Aug 2026 · Board Meeting / Outcome of Board Meeting
NMDC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results (Standalone ....8 Aug 2026 · Board Meeting / Board Meeting
As per attachment.8 Aug 2026 · Company Update / General
As per attachment1 Aug 2026 · Company Update / Monthly Business Updates
Change in Company Secretary and Compliance Officer.30 Jul 2026 · Company Update / Change in Management
Change in Directorate - Intimation of appointment of Shri Vivek Nishant Nath as Director (Commercial) on the Board of the Company.18 Jul 2026 · Company Update / Change in Directorate
As per attachments.15 Jul 2026 · Company Update / General
As per the attachment10 Jul 2026 · Company Update / General
Notice to Shareholders regarding special window for transfer and dematerialization (Demat) of physical securities.8 Jul 2026 · Company Update / Newspaper Publication
Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended June 30, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Details of Production & Sales of Iron Ore (Provisional) for and upto June, 2026.1 Jul 2026 · Company Update / Monthly Business Updates
Intimation of Closure of Trading Window.29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Transcript of NMDC Limited post Q4 & FY 2025-26 Results - Analyst / Investors Conference Call held on 01st June 2026.3 Jun 2026 · Company Update / Analyst / Investor Meet
As per attachments.3 Jun 2026 · Company Update / General
Audio Recording - Analyst / Investors Conference Call held on 01.06.2026 for Audited Financial Results Q4 & 12M FY 2025-26.1 Jun 2026 · Company Update / Analyst / Investor Meet
Details of Production & Sales of Iron Ore (Provisional) for and upto May 2026.1 Jun 2026 · Company Update / Monthly Business Updates
Annual Secretarial Compliance Report for FY 2025-2630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	5 Oct 2026	5 Oct 2026	—
Interim Dividend - Rs. - 2.5000	13 Feb 2026	13 Feb 2026	—
Final Dividend - Rs. - 1.0000	14 Aug 2025	14 Aug 2025	—
Interim Dividend - Rs. - 2.3000	21 Mar 2025	21 Mar 2025	—
Bonus issue 2:1	27 Dec 2024	27 Dec 2024	—
Final Dividend - Rs. - 1.5000	17 Sep 2024	—	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results