NSE: NMDC | BSE: 526371

Turnaround Potential

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84.54 1.63 (1.97%)

Near 52W High of ₹86.72

19.6M NSE+BSE Volume

NSE 09 Apr, 2026 1:20 PM (IST)

74,326

Market Cap

High in industry

Beta 1Year

High Volatility

Price Hike

NMDC soars on Monday as it hikes Baila lump and Baila fines prices by up to 11%, effective April 5 See details

NMDC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NMDC, BSE:526371 NMDC Ltd.

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NMDC Ltd.

05 Feb 2026

84.54

1.97%

Low per capita steel consumption provides significant growth potential: Despite being the world's 2nd largest steel consumer, India's per capita consumption of ~103 kg lags significantly behind the ~215 kg of global average. To address this disparity, the government aims to raise per capita steel consumption to 160 kg by 2030-31 and targeting a crude steel production capacity of 300 MT. This, in turn, is expected to drive iron ore demand to ~430 MT. Leveraging sixty years of expertise in iron ore mining, NMDC is poised to lead this long-term structural market expansion....

NMDC Ltd. has an average target of 100.50 from 4 brokers.

NMDC Ltd.

04 Feb 2026

84.54

1.97%

NMDC (NMDC IN) Q3FY26 Result Update Weak Q3; volume ramp up remains the key HOLD

Hold: NMDC Ltd.

Target

Prabhudas Lilladhar

We have downgraded our ratings to Hold' from Accumulate' with a revised TP of Rs87 (earlier Rs91) valuing it at multiple of 5x EV of Sep'27E EBITDA due to lower price and volume assumptions. NMDC reported weak Q3FY26 operating performance, driven by lower NSR following the price cuts undertaken in Oct'25 and lower premiums received over ore pricing. Volumes grew just 6% YoY to 12.7 mt, with growth constrained by an extended monsoon and increased imports by steel companies. Average realizations declined 4.7% QoQ due to price cuts in both lumps (-Rs550/t) and fines (-Rs500/t). Blended...

NMDC Ltd. is trading above all available SMAs

NMDC Ltd.

03 Feb 2026

84.54

1.97%

In-line performance; outlook bright

Buy: NMDC Ltd.

Target

Motilal Oswal

3QFY26 revenue stood at INR76.1b (vs. our est. of INR71.1b), rising 16% YoY and 19% QoQ, primarily driven by improved volumes and better NSR. Iron ore production stood at 14.7mt (+11% YoY and +44% QoQ), while sales came in at 12.7mt (+6% YoY and +19% QoQ).

NMDC Ltd. has an average target of 100.50 from 4 brokers.

NMDC Ltd.

22 Jan 2026

84.54

1.97%

Technical pick update- NMDCLTD

Buy: NMDC Ltd.

IDBI Capital

NMDC Ltd (National Mineral Development Corporation) is India's largest iron ore producer and exporter. It operates key mines in Chhattisgarh and Karnataka and has a strategic presence in minerals like diamonds and base metals. It plays a critical role in supplying raw material to the domestic steel industry....

NMDC has gained 37.31% in the last 1 Year

NMDC Ltd.

31 Oct 2025

84.54

1.97%

NMDC Ltd

Hold: NMDC Ltd.

ICICI Direct

income for the quarter came in at 6,378 crore (up 30% YoY) with iron ore sales volume of 10.7 million tonne (up 10% YoY). Reported EBITDA stood at 1,993 crore with corresponding EBITDA/tonne was at 1,857/tonne in Q2FY26 vs....

Number of FII/FPI investors increased from 681 to 705 in Dec 2025 qtr.

NMDC Ltd.

30 Oct 2025

84.54

1.97%

NMDC (NMDC IN) Q2FY26 Result Update Pricing headwinds...

Accumulate: NMDC Ltd.

Target

Prabhudas Lilladhar

NMDC has gained 37.31% in the last 1 Year

NMDC Ltd.

29 Oct 2025

84.54

1.97%

Broadly in-line performance

Buy: NMDC Ltd.

Target

Motilal Oswal

2QFY26 revenue stood at INR63.8b (vs. our est. of INR60.2b), up 30% YoY but down 5% QoQ, primarily affected by muted volumes.

NMDC has gained 37.31% in the last 1 Year

NMDC Ltd.

15 Sep 2025

84.54

1.97%

TECHNICAL PICK: NMDCLTD

Buy: NMDC Ltd.

IDBI Capital

Number of FII/FPI investors increased from 681 to 705 in Dec 2025 qtr.

NMDC Ltd.

18 Aug 2025

84.54

1.97%

In-line performance; lower cost drives earnings

Buy: NMDC Ltd.

Target

Motilal Oswal

Revenue stood in line with our estimate at INR67.4b, rising 25% YoY but declining 4% QoQ. Muted volumes QoQ were offset by healthy NSR.

NMDC has gained 37.31% in the last 1 Year

NMDC Ltd.

13 Aug 2025

84.54

1.97%

BEML (BEML IN) Q1FY26 Result Update Strong start...

Accumulate: NMDC Ltd.

Target

Prabhudas Lilladhar

aided NMDC to deliver an EBITDA/t of Rs2,152. NMDC reported a strong Q1FY26 operating performance, driven by robust volume growth and better-than-expected pricing. Volumes grew 14% YoY supported by strong domestic steel demand supported by increased GoI spending and a lower base (volumes impacted by strike). Realizations rose 7.4% QoQ, led by price hikes undertaken for lump and fines from May'25. Moderate increase in employee cost and lower ramp up of KIOCL pellet plant...

NMDC has gained 37.31% in the last 1 Year

Is NMDC Ltd. worth buying?

1765 Votes:

Buy 80.17%

Sell 10.08%

Hold 9.75%

RESEARCH REPORTS

Hold SEE REPORTS >

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Hold SEE REPORTS >

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