NSE: NMDC | BSE: 526371

Strong Performer, Under Radar

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70.10 2.89 (4.30%)

26.56% Fall from 52W High

36.4M NSE+BSE Volume

NSE 14 May, 2025 3:16 PM (IST)

61,630.6

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.

18 Aug 2021

70.10

4.30%

EBITDA for the quarter was at | 4178 crore (up 453% YoY but down 2% QoQ), higher than our estimate of | 3589 crore. EBITDA/tonne for Q1FY22 was at | 4421/tonne, higher than our estimate of | 3750/tonne...

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

NMDC Ltd.

12 Aug 2021

70.10

4.30%

Earnings outlook remains strong

Buy: NMDC Ltd.

Target

Motilal Oswal

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

NMDC Ltd.

02 Aug 2021

70.10

4.30%

Pick of the Week - NMDC Ltd.

Buy: NMDC Ltd.

Target

Edelweiss

NMDC Limited is engaged in mining of iron ore.

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

NMDC Ltd.

28 Jun 2021

70.10

4.30%

NMDC Ltd

Buy: NMDC Ltd.

Recommendation Target

ICICI Securities Limited

NMDC reported an operationally healthy set of numbers for Q4FY21 wherein topline and EBITDA came in higher than our estimate. For Q4FY21, NMDC reported sales volume of 11.1 MT, up 29% YoY, 19% QoQ (our estimate 11.1 MT). For Q4FY21, NMDC reported topline of | 6848 crore (up 115% YoY, 57% QoQ), higher than our estimate of | 6133 crore. Better-than-expected realisation aided Q4FY21. NMDC's blended realisation for Q4FY21 was at | 6138/tonne, up 67% YoY, 32% QoQ, higher than our estimate of | 5500/tonne. EBITDA for the quarter was at | 4242 crore (up 184% YoY,...

NMDC Ltd. is trading below its 200 day SMA of 70.8

NMDC Ltd.

24 Jun 2021

70.10

4.30%

Earnings outlook remains strong

NMDC Ltd.

Target

Motilal Oswal

Higher pricing to offset impact of premium levy NMDC is a play on strong iron ore prices and volumes, well-reflected in its 4QFY21 result EBITDA at INR42.4b (+53% YoY) and EBITDA/t at INR3,825 (+113% YoY) were the highest ever. We raise our FY22/FY23 EBITDA forecast by 61%/38% to factor in higher pricing and volumes. Reiterate Buy. EBITDA up 53% YoY on higher pricing and better volumes Revenue / EBITDA / Adjusted PAT rose 57%/53%/51% QoQ (in-line) to...

NMDC Ltd. is trading below its 200 day SMA of 70.8

NMDC Ltd.

28 Feb 2021

70.10

4.30%

Pick of the Week - NMDC Limited

Buy: NMDC Ltd.

Edelweiss

NMDC Limited is engaged in mining of iron ore.

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

NMDC Ltd.

09 Feb 2021

70.10

4.30%

Q3FY21 Result Update - Strong show, attractive valuations drive positive outlook - BUY

Buy: NMDC Ltd.

Recommendation Target

Prabhudas Lilladhar

Risks emanating from rising domestic supplies are very well factored in our estimates with FY22 realisations assumed at steep cut of ~20% over current levels and hefty discount of ~45% (above the historical average of 35%) to import parity price. On the back of stable outlook on global iron ore prices and value unlocking with the demerger of steel plant, we maintain BUY rating with TP of Rs145 based on 1) EV/EBITDA of 4x FY22e for iron ore operations...

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

NMDC Ltd.

03 Dec 2020

70.10

4.30%

Company Update - Strong price outlook drives rating upgrade - Upgrade to 'BUY'

Accumulate: NMDC Ltd.

Prabhudas Lilladhar

NMDC underperformed steel stocks by a wide margin over last three months due to uncertainty regarding payment of premium for its Donimalai mine's lease renewal. After two years impasse, Govt of Karnataka renewed Donimalai mines (with capacity of 7mtpa) at a premium of 22.5% of sales price. We expect that similar premium would be paid for its iron ore operations in Chhattisgarh, which constitutes 78% of its overall volumes. Severe shortage in domestic market (due to supply disruptions in Odisha), strong profitability of steel producers and firm outlook on global prices shall...

NMDC Ltd. is trading below its 200 day SMA of 70.8

NMDC Ltd.

18 Nov 2020

70.10

4.30%

NMDC

Accumulate: NMDC Ltd.

Dolat Capital

Process underway for divestment of steel plant NMDC reported Q2FY21 EBITDA missed our estimates by 5% while it is 4% above consensus estimates. Miss was largely due to lower than expected realisations, partially offset by lower costs. Unlike past, NMDC has been forthcoming this time in undertaking price hikes in tandem with strong global prices and shortage in domestic market....

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

NMDC Ltd.

11 Nov 2020

70.10

4.30%

Price hikes to drive strong earnings in 2HFY21

Buy: NMDC Ltd.

Motilal Oswal

Retain Buy on valuations despite risk of higher levies NMDC's 2QFY21 EBITDA declined 7% YoY to INR10.3b as lower iron ore prices offset the benefit of 14% YoY volume growth. Outlook for 2HFY21, however, is strong as currently prices are ~30% higher (or ~INR800/t) than 2QFY21 average, which should drive significantly higher profitability. The government's proposal to levy an additional premium on NMDC's renewed mining leases, however, has emerged as a key overhang. If a premium of 22.5% of revenue is levied on all mines of NMDC, it poses a...

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

Is NMDC Ltd. worth buying?

1494 Votes:

Buy 81.26%

Sell 9.91%

Hold 8.84%

RESEARCH REPORTS

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