|
23 Jun 2025 |
NMDC
|
Consensus Share Price Target
|
67.94 |
73.72 |
- |
8.51 |
hold
|
|
|
|
|
28 May 2025
|
NMDC
|
Motilal Oswal
|
67.94
|
83.00
|
70.86
(-4.12%)
|
22.17 |
Buy
|
|
|
Revenue stood in line with our estimate at INR70b, up 8% YoY and 7% QoQ, primarily driven by healthy volumes and NSR growth.
|
|
11 Feb 2025
|
NMDC
|
Prabhudas Lilladhar
|
67.94
|
70.00
|
61.50
(10.47%)
|
Target met |
Accumulate
|
|
|
|
|
22 Nov 2024
|
NMDC
|
Sharekhan
|
67.94
|
240.00
|
220.77
(-69.23%)
|
Target met |
Hold
|
|
|
Revenue of Rs. 4,807 crore (+19.7%/-10.6% y-o-y/q-o-q) was inline with estimates. Iron ore sales of 9.7 mt grew by only +1.8%/-3.3% y-o-y/q-o-q. Realization of Rs. Rs. 4,935/tonne grew +17.7%/-7.6% y-o-y/q-o-q.
|
|
13 Nov 2024
|
NMDC
|
Prabhudas Lilladhar
|
67.94
|
253.00
|
223.21
(-69.56%)
|
Pre-Bonus/ Split |
Accumulate
|
|
|
|
|
18 Oct 2024
|
NMDC
|
Motilal Oswal
|
67.94
|
290.00
|
231.44
(-70.64%)
|
Pre-Bonus/ Split |
Buy
|
|
|
In 2QFY25, NMDC reported production volume of 8.3mt, down 10% QoQ and 6% YoY, totaling 17.5mt for 1HFY25 (down 11% YoY).
|
|
30 Aug 2024
|
NMDC
|
Hem Securities
|
67.94
|
266.00
|
216.41
(-68.61%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
22 Aug 2024
|
NMDC
|
Sharekhan
|
67.94
|
250.00
|
226.34
(-69.98%)
|
Pre-Bonus/ Split |
Hold
|
|
|
Consolidated PAT at Rs. 1,971 crore was up 19% y-o-y and led by a beat in EBITDA margins due to decrease in royalty payments.
|
|
17 Aug 2024
|
NMDC
|
Prabhudas Lilladhar
|
67.94
|
|
217.45
(-68.76%)
|
Pre-Bonus/ Split |
|
|
|
|
|
16 Aug 2024
|
NMDC
|
Motilal Oswal
|
67.94
|
280.00
|
217.45
(-68.76%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Revenue was in line with our estimate at INR54b, flat YoY/down 17% QoQ. The QoQ decline was primarily due to weak volumes.
|
|
26 Jun 2024
|
NMDC
|
ICICI Direct
|
67.94
|
325.00
|
249.25
(-72.74%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
05 Apr 2024
|
NMDC
|
FundsIndia
|
67.94
|
263.00
|
217.90
(-68.82%)
|
Target met |
Buy
|
|
|
|
|
15 Feb 2024
|
NMDC
|
Prabhudas Lilladhar
|
67.94
|
261.00
|
246.95
(-72.49%)
|
Target met |
Buy
|
|
|
|
|
03 Jan 2024
|
NMDC
|
Sharekhan
|
67.94
|
245.00
|
223.55
(-69.61%)
|
Target met |
Buy
|
|
|
|
|
18 Nov 2023
|
NMDC
|
Prabhudas Lilladhar
|
67.94
|
176.00
|
168.90
(-59.78%)
|
Target met |
Accumulate
|
|
|
|
|
17 Nov 2023
|
NMDC
|
Motilal Oswal
|
67.94
|
190.00
|
168.90
(-59.78%)
|
Target met |
Buy
|
|
|
|
|
29 Sep 2023
|
NMDC
|
Sharekhan
|
67.94
|
175.00
|
147.95
(-54.08%)
|
Target met |
Buy
|
|
|
|
|
13 Sep 2023
|
NMDC
|
ICICI Securities Limited
|
67.94
|
180.00
|
136.50
(-50.23%)
|
Target met |
Buy
|
|
|
We upgrade NMDC to BUY from ADD as: 1) Sales volume in FY24E may breach the 32 40mnte range; 2) long-term volume visibility is clearer as the roadmap for 100mtpa by FY30, though aspirational, is being worked on; 3) commercial mining in Odisha is progressively getting undermined, resulting in more opportunity; and 4) RoE may improve further from the current level of 22% as mining business takes the centre stage and steel plant is demerged.
|
|
18 Aug 2023
|
NMDC
|
ICICI Securities Limited
|
67.94
|
130.00
|
116.70
(-41.78%)
|
Target met |
Accumulate
|
|
|
NMDC’s Q1FY24 EBITDA of INR 19.9bn (up 4.9% YoY) was 17.5% and 9.8% ahead of our and consensus’ estimates. Key points: 1) Best-ever quarterly performance barring Q4FY23; 2) focus on volume growth
|
|
17 Aug 2023
|
NMDC
|
Sharekhan
|
67.94
|
135.00
|
115.25
(-41.05%)
|
Target met |
Buy
|
|
|
|
|
17 Aug 2023
|
NMDC
|
Motilal Oswal
|
67.94
|
135.00
|
116.70
(-41.78%)
|
Target met |
Buy
|
|
|
|