NSE: NMDC | BSE: 526371

Turnaround Potential

Download real time

81.47 2.95 (3.76%)

High volume today

NSE 23 Dec, 2025 1:06 PM (IST)

71,626.9

Market Cap

High in industry

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.

16 Nov 2021

81.47

3.76%

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. is trading above all available SMAs

NMDC Ltd.

12 Nov 2021

81.47

3.76%

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...

Number of FII/FPI investors increased from 659 to 681 in Sep 2025 qtr.

NMDC Ltd.

18 Aug 2021

81.47

3.76%

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...

Number of FII/FPI investors increased from 659 to 681 in Sep 2025 qtr.

NMDC Ltd.

18 Aug 2021

81.47

3.76%

NMDC Ltd

Buy: NMDC Ltd.

ICICI Securities Limited

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 96.00 from 4 brokers.

NMDC Ltd.

12 Aug 2021

81.47

3.76%

Earnings outlook remains strong

Buy: NMDC Ltd.

Target

Motilal Oswal

NMDC Ltd. has an average target of 96.00 from 4 brokers.

NMDC Ltd.

02 Aug 2021

81.47

3.76%

Pick of the Week - NMDC Ltd.

Buy: NMDC Ltd.

Target

Edelweiss

NMDC Limited is engaged in mining of iron ore.

NMDC Ltd. has an average target of 96.00 from 4 brokers.

NMDC Ltd.

28 Jun 2021

81.47

3.76%

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. has an average target of 96.00 from 4 brokers.

NMDC Ltd.

24 Jun 2021

81.47

3.76%

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...

Number of FII/FPI investors increased from 659 to 681 in Sep 2025 qtr.

NMDC Ltd.

28 Feb 2021

81.47

3.76%

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 96.00 from 4 brokers.

NMDC Ltd.

09 Feb 2021

81.47

3.76%

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...

NMDC Ltd. is trading above all available SMAs

Is NMDC Ltd. worth buying?

1674 Votes:

Buy 80.35%

Sell 10.16%

Hold 9.5%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Accumulate SEE REPORTS >

pdf