NMDC Steel Limited

BSE: NSLNISP543768ISIN INE0NNS01018

Commodities
Iron & Steel
BSE 500

Share price

₹39.50+1.09 (+2.84%)

as of 4 Nov 2026

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

52W high: ₹53.71
52W low: ₹33.07
Off 52W high: -26.46%
1M return: -2.45%
3M return: -11.77%
6M return: -8.10%
1Y return: -12.09%
20D avg volume: 3,73,256
50 DMA: ₹41.62
200 DMA: ₹42.04

Key ratios Standalone

Market cap: ₹11,576 Cr
Current price: ₹39.50
52W high / low: ₹53.71 / ₹33.07
Face value: ₹10.00
P/E: 136.21
P/B: 0.81
EPS (TTM): ₹0.29
Book value / share: ₹48.77
ROE: 0.58%
ROCE: 3.50%
Operating margin: 12.08%
Net margin: 1.38%
Debt / equity: 0.35
Net debt: ₹4,593 Cr
Interest cover: 1.16
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -52.6 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
	3,662	3,879	3,008	3,390	3,365	2,838	2,120	1,522	2,023	1,846	925.85	277.41
	42.89	26.14	18.73	21.13	20.00	19.23	18.34	13.11	20.83	90.21	16.22	12.86
	3,705	3,905	3,026	3,411	3,385	2,857	2,138	1,535	2,044	1,936	942.07	290.27
	3,631	3,419	3,290	3,594	3,349	3,522	3,194	2,364	2,816	3,209	1,695	464.93
	2,509	2,298	2,237	2,014	2,046	1,865	1,831	1,701	1,860	2,048	1,415	383.04
	0.00	0.00	0.00	0.00	0.00	0.00	61.73	—	—	—	—	—
	31.23	40.71	51.95	22.04	21.88	27.09	30.92	15.63	21.24	25.06	25.87	6.35
	126.38	96.42	128.11	128.43	133.68	172.50	165.32	161.04	153.08	155.44	134.41	40.75
	242.12	249.37	251.95	282.62	257.84	220.51	253.48	240.39	238.66	252.29	225.98	74.53
	843.04	746.61	770.30	789.93	787.73	796.32	—	550.68	437.40	507.41	464.95	—
	73.95	486.10	-263.81	-182.65	36.14	-664.31	-1,056	-828.93	-772.01	-1,273	-753.26	-174.66
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	73.95	486.10	-263.81	-182.65	36.14	-664.31	-1,056	-828.93	-772.01	-1,273	-753.26	-174.66
	23.44	94.19	-19.84	-67.87	10.58	190.92	298.69	233.56	224.76	412.27	184.87	43.56
	50.51	391.91	-243.97	-114.78	25.56	-473.39	-757.78	-595.37	-547.25	-860.85	-568.39	-131.10
	0.19	1.34	-0.83	-0.39	0.09	-1.62	-2.59	-2.03	-1.87	-2.94	-1.94	-0.45
Key metrics
	442.45	831.89	116.25	228.40	427.66	-271.30	-637.67	-427.50	-380.27	-865.39	-392.87	-59.38
	12.10%	21.40%	3.90%	6.70%	12.70%	-9.60%	-30.10%	-28.10%	-18.80%	-46.90%	-42.40%	-21.40%
	1.40%	10.10%	-8.10%	-3.40%	0.80%	-16.70%	-35.80%	-39.10%	-27.10%	-46.60%	-61.40%	-47.30%
	—	3.60%	—	-0.30%	—	-2.60%	—	—	—	—	—	—
	8.80%	36.70%	41.90%	122.70%	66.40%	53.80%	128.90%	448.80%	—	—	—	—
	97.60%	182.80%	67.80%	80.70%	104.70%	45.00%	-33.30%	-354.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	13,938	13,642	8,503	3,049
	108.89	86.00	71.51	119.29
	14,047	13,728	8,575	3,168
	13,934	13,652	11,896	5,369
	9,058	8,594	7,256	3,846
	0.00	0.00	0.00	—
	145.93	136.58	94.88	57.28
	479.34	486.64	651.94	330.59
	1,026	1,042	953.04	552.80
	3,150	3,095	2,659	1,129
	113.59	75.78	-3,322	-2,201
	0.00	0.00	0.00	—
	113.59	75.78	-3,322	-2,201
	29.92	17.06	-947.94	640.70
	83.67	58.72	-2,374	-1,560
	0.31	0.20	-8.10	-5.32
Key metrics
	1,619	1,604	-1,717	-1,318
	11.62%	11.80%	-20.20%	-43.20%
	0.60%	0.40%	-27.90%	-51.20%
	—	3.50%	-14.40%	—
	41.57%	60.40%	178.90%	—
	—	102.50%	-52.10%	—
	—	1,525	1,538	—
	—	30.58	-0.83	—
	—	0.35	0.45	—
	—	4,593	5,891	—
	—	-52.6	-67.7	—
Balance sheet
	—	28,237	28,470	—
	—	6,459	5,851	—
	—	8.87	7.04	—
	—	179.05	197.48	—
	—	3,897	3,057	—
	—	1,522	1,620	—
	—	19,448	20,127	—
	—	6,044	4,832	—
	—	12,195	9,903	—
	—	4,602	5,898	—
	—	1,760	2,608	—
	—	2,842	3,289	—
	—	13,173	13,114	—
Cash flow
	—	1,796	1,966	—
	—	108.72	-505.68	—
	—	-1,902	-1,460	—
	—	270.63	427.55	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +41.57%
Profit YoY (TTM): +104.65%

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	Public	13.47%	13.47%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
JSW Steel Limited	3,27,960	1,341.10	10.34	19.40%	+14.05% TTM	+421.94% TTM	+13.54%
TATA STEEL LIMITED	2,24,203	179.60	19.91	11.10%	+10.51% TTM	+164.25% TTM	+0.20%
JINDAL STEEL LIMITED	1,17,300	1,149.90	41.24	7.50%	+25.54% TTM	+2.37% TTM	+6.53%
Steel Authority of India Ltd.	70,335	170.30	12.55	6.80%	+9.39% TTM	+119.24% TTM	+23.32%
Jindal Stainless Limited	56,786	688.80	17.06	18.00%	+11.65% TTM	+20.30% TTM	-6.74%
Sarda Energy & Minerals Ltd	15,556	441.45	13.60	16.30%	-2.25% TTM	+7.40% TTM	-17.69%
NMDC Steel Limited S	11,576	39.50	136.21	3.50%	+41.57% TTM	+104.65% TTM	-12.09%
Vedanta Iron and Steel Limited	10,605	27.12	—	—	—	—	—
Sandur Manganese & Iron Ores Ltd.	8,786	180.75	10.27	26.20%	+20.70% TTM	+40.22% TTM	-17.75%
Jai Balaji Industries Limited	6,321	69.29	—	36.00%	-13.11% TTM	-66.31% TTM	-25.39%
Prakash Industries Ltd. S	2,063	115.20	6.59	9.20%	-10.58% TTM	-12.16% TTM	-31.04%
Manaksia Steels Limited	791	120.75	14.11	20.70%	+80.77% TTM	+283.85% TTM	+112.59%
Scan Steels Limited	263	43.32	10.63	7.70%	+9.70% TTM	+41.06% TTM	+9.45%
KIC Metaliks Ltd. S	107	30.01	32.98	5.50%	+24.46% TTM	+139.93% TTM	+0.07%
Ankit Metal & Power Limited S	36	2.32	-0.14	—	-1.48% TTM	-310.27% TTM	+34.92%

Filings & corporate actions

Recent announcements

As per attachment13 Oct 2026 · Company Update / Change in Directorate
Change in Directorate on the Board of NMDC Steel Limited-Appointment of Shri Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel as Government Director, vice Shri Abhijit Narendra.13 Oct 2026 · Company Update / Change in Directorate
Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th September, 2026.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Details of Voting Results of 11th AGM of NMDC Steel Limited held on 28th September, 2026 along with Consolidated Scrutinizer Report.30 Sep 2026 · AGM/EGM / AGM
Trading window for dealing with the securities of the Company shall remain closed for all insiders including Designated Persons and their immediate relatives from 1st October, 2026 to the ....29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Proceedings of 11th AGM of NMDC Steel Limited held on Monday, 28th September, 2026.28 Sep 2026 · AGM/EGM / AGM
Notice of 11th Annual General Meeting and evoting information Newspaper clippings7 Sep 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for the Financial Year 2025-26.6 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report 2025 - 26 and Notice of 11th AGM and related information.6 Sep 2026 · Others / Reg. 34 (1) Annual Report
As per attachment28 Aug 2026 · Company Update / General
The Exchange has sought clarification from NMDC Steel Ltd on August 28, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.28 Aug 2026 · Company Update / Clarification
As per attachment28 Aug 2026 · Company Update / General
Cessation of directorship of Shri Ashish Chatterjee as Government Director on the Board of NMDC Steel Limited27 Aug 2026 · Company Update / Change in Directorate
Convening of 11th Annual General Meeting (AGM) of NMDC Steel Limited through VC/OAVM25 Aug 2026 · Company Update / Newspaper Publication
As per attachment24 Aug 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Revision in Credit Rating by Crisil Ratings Limited21 Aug 2026 · Company Update / Credit Rating
As per attachment14 Aug 2026 · Board Meeting / Outcome of Board Meeting
NMDC Steel 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 Unaudited Financial Results of the ....8 Aug 2026 · Board Meeting / Board Meeting
Change in Company Secretary and Compliance Officer30 Jul 2026 · Company Update / Change in Management
Appointment of Shri Vivek Nishant Nath as Director (Commercial) on the Board of NMDC Steel Limited.19 Jul 2026 · Company Update / Change in Management
As per attachment.15 Jul 2026 · Company Update / General
Compliance Certificate under Regulation 74(5) of the SEBI (Depositories and Participants ) Regulations, 2018 for the quarter ended 30th June 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading window w.e.f. 01.07.202629 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
As per attachment1 Jun 2026 · Company Update / Newspaper Publication
As per attachment29 May 2026 · Result / Financial Results
As per attachment.29 May 2026 · Board Meeting / Outcome of Board Meeting
Please find attached the Secretarial Compliance Report of NMDC Steel Limited for the financial year ended 31.03.2026.28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
NMDC Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Financial Results of the ....25 May 2026 · Board Meeting / Board Meeting
As per attachment.7 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment.6 Apr 2026 · Company Update / General
Cessation of Shri K Raj Shekhar, General Manager (Finance) as CFO of the Company.31 Mar 2026 · Company Update / Change in Management
Appointment of Shri Anurag Kapil as Director (Finance) on the Board.31 Mar 2026 · Company Update / Change in Directorate
As per attachment.31 Mar 2026 · Company Update / General
Closure of trading window w.e.f. 01.04.202630 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Appointment of Shri Krishna Kumar Thakur as Director (Personnel) on the Board.20 Mar 2026 · Company Update / Change in Directorate
As per attachment.18 Mar 2026 · Company Update / General
As per attachment.17 Mar 2026 · Company Update / General
As per attachment.4 Feb 2026 · Company Update / Newspaper Publication
Integrated Filing (Financials) for the quarter and nine months ended 31.12.2025.3 Feb 2026 · Board Meeting / Outcome of Board Meeting
Change in the composition of Board.1 Feb 2026 · Company Update / Change in Management

Board meetings

14 Aug 2026 Board Meeting - Financial Results