NSE: NMDC | BSE: 526371

Strong Performer, Under Radar

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67.21 -0.87 (-1.28%)

29.59% Fall from 52W High

17.5M NSE+BSE Volume

NSE 13 May, 2025 3:31 PM (IST)

59,089.8

Market Cap

High in industry

1.5

Beta 1Year

Very High 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.

NMDC Ltd.

29 May 2022

67.21

-1.28%

Difficult times ahead, downgrade to Neutral

Neutral: NMDC Ltd.

Recommendation Target

Motilal Oswal

NMDC Ltd. has an average target of 70.00 from 5 brokers.

NMDC Ltd.

08 Mar 2022

67.21

-1.28%

Strong pricing and volumes augur well

Buy: NMDC Ltd.

Target

Motilal Oswal

The process of commissioning of the steel plant has already started and hot metal production is likely to start in 1HFY23. We believe the demerger of the Nagarnar Iron and Steel Company (NISP) will be the key trigger for the stock. Thereafter, the government is likely to call for bids from potential suitor, which should likely culminate into sale of the government's holding in the steel plant to the new owner. The management has highlighted that the demerged financials would likely be presented to the Board in 1HFY23E....

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Ltd.

11 Feb 2022

67.21

-1.28%

NMDC Ltd

Buy: NMDC Ltd.

Target

ICICI Securities Limited

During the quarter, NMDC reported iron ore sales volume of 9.8 MT, up 6% YoY & 9% QoQ (in line with our estimate of 9.9 MT). EBITDA/tonne came in at | 2654/tonne, higher than our estimate of | 2500/tonne (EBITDA/tonne of...

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

10 Feb 2022

67.21

-1.28%

NMDC LIMITED

Accumulate: NMDC Ltd.

Target

Prabhudas Lilladhar

NMDC reported Q3FY22 EBITDA in line with our estimates while above consensus estimates (CE) by 3% at Rs26.1bn, down 16% QoQ/6% YoY. Global iron ore prices increased ~56% in last three months in wake of positive...

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

09 Feb 2022

67.21

-1.28%

Strong, but inline results; outlook positive

Buy: NMDC Ltd.

Target

Motilal Oswal

NMDC reported strong but inline set of numbers. Revenue/EBITDA/APAT for the quarter stood at INR58.7b/INR 26.1b/INR20.5b. The results were down sequentially due to continuous correction in iron ore prices during the last 6 months. EBITDA/t for the quarter was INR2,654/t (YoY down 5.6%, QoQ down 5.6%). The ore prices corrected due to weak international steel prices and lower production from China which resulted in surplus pellets in India leading to steep correction in ore prices by 37% during that period....

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Ltd.

08 Dec 2021

67.21

-1.28%

First Light | Metals & Mining

Not Rated: NMDC Ltd.

BOB Capital Markets Ltd.

Metals & Mining: Takeaways from call with NMDC

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

07 Dec 2021

67.21

-1.28%

Metals & Mining: Takeaways from call with NMDC

Buy: NMDC Ltd.

BOB Capital Markets Ltd.

NMDC intends to offset pricing headwinds with volume ramp-up in H2FY22

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Ltd.

16 Nov 2021

67.21

-1.28%

NMDC Ltd

Buy: NMDC Ltd.

Target

ICICI Securities Limited

During the quarter, NMDC reported iron ore sales volume of 9.0 million tonnes (MT), up 36% YoY but down 5% QoQ (in line with our estimate of 8.9 million tonnes). EBITDA/tonne came in at | 3488/tonne, higher than our estimate of | 3000/tonne (EBITDA/tonne of | 4421/tonne in Q1FY22) For the quarter, revenue from operations was at | 6794 crore, up 205% YoY & 4% QoQ, higher than our estimate of | 5944 crore. EBIDTA for the quarter was at | 3115 crore, up 202%YoY but down 25%QoQ, higher than our estimate of | 2679 crore. Ensuing PAT was at | 2341 crore, up 202% YoY...

NMDC Ltd. has an average target of 70.00 from 5 brokers.

NMDC Ltd.

12 Nov 2021, 12:00AM

67.21

-1.28%

Q2FY22 Result Update - Higher costs led the miss - ACCUMULATE

Accumulate: NMDC Ltd.

Target

Prabhudas Lilladhar

in steel mill's margins with sharp increase in coking coal cost. However, domestic iron ore supplies would remain uncertain due to surrender of auctioned mines and low visibility on production by state PSUs in Odisha. In spite of weakness in global iron ore prices, we maintain our Accumulate rating on back of attractive valuations, constrained domestic supplies and value unlocking on demerger of steel plant. We retain our TP of Rs170 based...

NMDC Ltd. is trading below its 150 day SMA of 69.5

NMDC Ltd.

18 Aug 2021

67.21

-1.28%

Q1FY22 Result Update - Miss due to realisations; Constrained domestic supplies remains positive - Accumulate

Accumulate: NMDC Ltd.

Recommendation Target

Prabhudas Lilladhar

Additional royalty of 22.5% (w.e.f. 28th March, 2021) impacted only half of its volumes as it included 5.1mnt of opening stock produced. NMDC reported Q1FY22 EBITDA below our estimates by 5% while above consensus estimates (CE) by 10%. Lower than estimated realisations was the...

NMDC Ltd. has an average target of 70.00 from 5 brokers.

Is NMDC Ltd. worth buying?

1493 Votes:

Buy 81.25%

Sell 9.91%

Hold 8.84%

RESEARCH REPORTS

Accumulate SEE REPORTS >

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Hold SEE REPORTS >

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