|
15 May 2025 |
NMDC
|
Consensus Share Price Target
|
70.04 |
72.94 |
- |
4.14 |
hold
|
|
|
|
|
16 Feb 2023
|
NMDC
|
ICICI Direct
|
70.04
|
140.00
|
121.55
(-42.38%)
|
Target met |
Buy
|
|
|
|
|
16 Feb 2023
|
NMDC
|
ICICI Securities Limited
|
70.04
|
130.00
|
118.25
(-40.77%)
|
Target met |
Accumulate
|
|
|
NMDC’s Q3FY23 EBITDA was in line with consensus estimates; however, it was lower than our estimates. Key highlights: 1) Best-ever Q3 production volume and second-best sales volume; 2) Chhattisgarh segment consisted of 70% of total sales volume (Q2FY23: 62%; Q3FY22: 75%); 3) EBITDA margin rebounded QoQ to 30.7%.
|
|
23 Dec 2022
|
NMDC
|
Motilal Oswal
|
70.04
|
138.00
|
115.85
(-39.54%)
|
Target met |
Buy
|
|
|
|
|
15 Nov 2022
|
NMDC
|
ICICI Securities Limited
|
70.04
|
102.00
|
109.00
(-35.74%)
|
Pre-Bonus/
Split |
Sell
|
|
|
NMDC’s Q2FY23 EBITDA came below consensus estimates by 35%. Key highlights: 1) sharp decline in realisation through the quarter impacted earnings.
|
|
15 Nov 2022
|
NMDC
|
ICICI Direct
|
70.04
|
115.00
|
109.00
(-35.74%)
|
Target met |
Hold
|
|
|
|
|
14 Nov 2022
|
NMDC
|
Motilal Oswal
|
70.04
|
124.00
|
109.00
(-35.74%)
|
Target met |
Neutral
|
|
|
|
|
07 Aug 2022
|
NMDC
|
ICICI Direct
|
70.04
|
135.00
|
110.90
(-36.84%)
|
Target met |
Buy
|
|
|
|
|
07 Aug 2022
|
NMDC
|
Motilal Oswal
|
70.04
|
124.00
|
113.10
(-38.07%)
|
Target met |
Neutral
|
|
|
|
|
29 May 2022
|
NMDC
|
Motilal Oswal
|
70.04
|
130.00
|
123.90
(-43.47%)
|
Target met |
Neutral
|
|
|
|
|
08 Mar 2022
|
NMDC
|
Motilal Oswal
|
70.04
|
216.00
|
152.80
(-54.16%)
|
Pre-Bonus/
Split |
Buy
|
|
|
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....
|