NSE: NMDC | BSE: 526371

Mid-range Performer

Download real time

67.94 0.90 (1.34%)

26.05% Fall from 52W High

20.3M NSE+BSE Volume

NSE 20 Jun, 2025 3:31 PM (IST)

59,731.6

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.

06 Feb 2020

67.94

1.34%

Miss led by lower-than-expected sales volumes

Buy: NMDC Ltd.

Target

Motilal Oswal

While we expect the recent price hikes to aid profitability, we remain conservative on prices heading into FY21. EBITDA was up 34% QoQ to INR15.7b on the back of higher production at 8.6mt (+71% QoQ) and higher sales volume at 8.4mt (+45% QoQ). Reported domestic realization declined INR313 QoQ to INR2,578/t on the back of price declines during the quarter. Subsequently, we expect domestic realizations to increase 25% Sustainability of these price hikes though would be dependent on sustained steel demand and the materialization of a disruption on the iron ore side post the lease expiry (which we have not built in). However, given the recent price hikes and shift to the lower tax rate, we raise our EBITDA est. We believe the companys steel plant would be valuable given the low-cost iron ore and economy of The Ministry of Mines has favorably amended the Mineral rules with regards to renewal of leases.

NMDC Ltd. is trading above its 100 day SMA of 67.0

NMDC Ltd.

14 Nov 2019

67.94

1.34%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Securities Limited

For Q2FY20, production volumes were at 5.0 MT, down 5% YoY, while sales volumes were down 13% YoY to 5.8 MT. As the Donimalai mines were shut, the production volume was adversely impacted compared to Q2FY19. Going forward, we model sales volume of 32 MT for both FY20E and FY21E. Restart of Donimalai mines awaits Karnataka response In September 2019, the Ministry of Mines amended the 'Mineral (Mining by Government Company) Rules, 2015 with regard to renewal of mining leases allocated to government companies. Earlier, the rule 3 (2) stated that if an...

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

NMDC Ltd.

11 Nov 2019

67.94

1.34%

Q2FY20 Result Update

Sell: NMDC Ltd.

Target

Prabhudas Lilladhar

NMDC reported Q2FY20 EBITDA in line with our estimates; missed consensus estimates (CE) by 6%. On PAT level, it missed our estimates by 13% (CE:21%) due to status quo on tax rates as we believe that company is waiting for tax treatment on capitalization of its steel plant. Street is excited on expectation of fast clearance of NMDC's Donimalai iron ore mines with the...

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

NMDC Ltd.

11 Nov 2019

67.94

1.34%

Miss led by lower exports

Buy: NMDC Ltd.

Target

Motilal Oswal

EBITDA was down 39% QoQ to INR11.7b (11% below est. INR13.1b) on the back of lower export volumes at 0.52mt (v/s est. The QoQ drop in EBITDA was led by lower overall volumes. PBT declined 40% QoQ to INR11.9b while Adj. PAT declined 40% QoQ to INR8.2b (14% miss). Reported domestic realization declined INR25 QoQ to INR2,891/t on the back of price decline (INR200/t in Sep19). PAT was up 13% YoY to INR21.7b. Cash flow from operations post tax was down 53% YoY to INR5.2b on the back of WC deterioration. Global iron ore prices have retreated in recent months and we expect this to lead to lower export price realization. On the domestic front, we expect prices to decline in 4QFY20 due to (a) an oversupplied market, (b) higher availability prior to mine lease expiry, and (c) some tapering off in global Most packages of the steel plant are complete.

NMDC Ltd. is trading below its 30 day SMA of 70.7

NMDC Ltd.

21 Aug 2019, 12:00AM

67.94

1.34%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Securities Limited

Lower base effect aids July 2019 production/sales volume... NMDC reported production and sales volume numbers for July 2019. While prima facie, the growth numbers looked decent, it was mainly aided the by lower base effect (especially in Chhattisgarh). For July 2019, the production volume was at 2.0 MT while sales volume was at 2.4 MT....

NMDC Ltd. is trading below its 30 day SMA of 70.7

NMDC Ltd.

16 Aug 2019

67.94

1.34%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Securities Limited

Recently, the Karnataka High Court ruled in favour of NMDC with regard to royalty issue in case of Donimalai mine. Earlier, Karnataka had levied 80% royalty on the Donimalai mine during the time of lease renewal. In this regard, NMDC had filed a writ petition in the high court against the royalty of 80% levied by the Karnataka government on average sales value of iron ore from the Donimalai mine. The writ petition has been allowed and the earlier condition to impose premium equivalent to 80% of average sale price of iron ore has been set aside. This favourable judgement augurs well for...

NMDC Ltd.'s price crossed above 100Day SMA today

NMDC Ltd.

16 Aug 2019

67.94

1.34%

Q1FY20 Result Update

Sell: NMDC Ltd.

Target

Prabhudas Lilladhar

NMDC reported Q1FY20 earnings in line with our estimates. The sharp rise in Change in Estimates | Target | Reco iron prices aftermath collapse of Vale's Brumadinho dam in Brazil helped NMDC to post strong earnings growth in last couple of quarters. However, we...

NMDC Ltd.'s price crossed above 100Day SMA today

NMDC Ltd.

14 Aug 2019

67.94

1.34%

Better realizations support performance

Buy: NMDC Ltd.

Target

Motilal Oswal

1QFY20 adj. EBITDA of INR19.3b (-4% QoQ) was in line with our estimate of INR18.9b. The sequential decline in EBITDA was due to lower volumes, partly offset by higher realizations. Adj. PAT was down 6% QoQ at INR12.8b (in-line). Production was down 20% QoQ (+21% YoY) to 8.4mt, while sales declined 15% QoQ (+28% YoY) to 8.7mt (in-line). Domestic reported realization was up INR89 QoQ to INR2,916/t on the back of price hikes (INR200-250/t in May). In case of the Donimalai mine, a new lease agreement has to be signed with...

NMDC Ltd. is trading below its 30 day SMA of 70.7

NMDC Ltd.

19 Jul 2019

67.94

1.34%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Securities Limited

Favourable high court ruling also augurs well Karnataka High Court has ruled in favour of NMDC with regard to royalty issue in case of Donimalai mine. Earlier, Karnataka had levied 80% royalty on the Donimalai mine during the time of lease renewal. In this regard, NMDC had filed a writ petition in the high court against the royalty of 80% levied by the Karnataka government on average sales value of iron ore from the Donimalai mine. The writ petition is allowed and the earlier condition to impose premium equivalent to 80% of average sale price of iron ore has...

NMDC Ltd.'s price crossed above 100Day SMA today

NMDC Ltd.

30 May 2019

67.94

1.34%

NMDC Ltd

Hold: NMDC Ltd.

Target

ICICI Securities Limited

Model sales volume of 31, 32 MT for FY20, 21, respectively For FY19, NMDC reported production volume of 32.36 MT, down 9.1% YoY, while it reported sales volume of 32.36 MT, down 10.8% YoY. The volume during FY19 was impacted on account of suspension of operations at NMDC's Donimalai iron ore mine. NMDC Donimalai mine has remained shut since November 2018, on account of royalty dispute with Karnataka government. The high court verdict is awaited for the same. The outcome of this verdict remain a key monitorable. Without Donimalai mine, NMDC...

NMDC Ltd. is trading above its 100 day SMA of 67.0

Is NMDC Ltd. worth buying?

1536 Votes:

Buy 80.92%

Sell 10.03%

Hold 9.05%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Accumulate SEE REPORTS >

pdf