NSE: NMDC | BSE: 526371

Strong Performer, Getting Expensive

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92.90 -1.80 (-1.90%)

New 52W High in past week

48.2M NSE+BSE Volume

NSE 05 Jun, 2026 3:31 PM (IST)

81,676

Market Cap

High in industry

Beta 1Year

Average volatility

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.

02 Jun 2026

92.90

-1.90%

NMDC (NMDC IN) Q4FY26 Result Update Stepping up capex; higher pricing to aid in H1 Accumulate

Accumulate: NMDC Ltd.

Target

Prabhudas Lilladhar

NMDC reported inline Q4FY26 performance led by sharp recovery in volumes and higher contribution from NSL trading business. Cons. revenue grew 62% YoY driven by 21% YoY growth in iron ore sales volumes to 15.3mt. NSR remained strong on improved premiums and minor hikes taken during the quarter. NMDC sold higher quantities of HRC to support NSL which is not going to continue. Management maintained FY27E iron ore production guidance at 60mt and reiterated its long-term target of achieving 100mt capacity by 2030, supported by ramp-up of Deposit-4, Deposit-13 and EC extension across existing mines. Capex guidance for FY27 stands at ~INR60bn, while...

NMDC has gained 28.16% in the last 1 Year

NMDC Ltd.

02 Jun 2026

92.90

-1.90%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Direct

NMDC remains well-positioned for a healthy growth trajectory, supported by its ambitious 100 MT of iron ore production by FY30. However, nearterm challenges such as range-bound iron ore prices, elevated capex spends in the near term and uncertainty on additional mining taxes continue to act as key overhangs. With this, we maintain our HOLD rating...

Number of FII/FPI investors increased from 705 to 715 in Mar 2026 qtr.

NMDC Ltd.

02 Jun 2026

92.90

-1.90%

TECHNICAL PICK UPDATE NMDC

Buy: NMDC Ltd.

Target

IDBI Capital

NMDC Limited is witnessing a constructive setup on the weekly timeframe and is on the verge of a consolidation breakout. The price action continues to hold firm within a broad range, indicating steady accumulation. Despite intermittent volatility, the structure remains intact with higher base formation,...

NMDC has gained 21.50% in the last 6 Months

NMDC Ltd.

01 Jun 2026

92.90

-1.90%

Broadly in-line earnings; outlook bright with volume uptick and elevated prices

Buy: NMDC Ltd.

Target

Motilal Oswal

NMDC’s reported consol. revenue stood at INR113b, driven by third-party value-added sales of INR30b in 4QFY26.

Number of FII/FPI investors increased from 705 to 715 in Mar 2026 qtr.

NMDC Ltd.

05 Feb 2026

92.90

-1.90%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Direct

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 102.50 from 4 brokers.

NMDC Ltd.

04 Feb 2026

92.90

-1.90%

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. has an average target of 102.50 from 4 brokers.

NMDC Ltd.

03 Feb 2026

92.90

-1.90%

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. is trading above all available SMAs

NMDC Ltd.

22 Jan 2026

92.90

-1.90%

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 21.50% in the last 6 Months

NMDC Ltd.

31 Oct 2025

92.90

-1.90%

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....