|
26 Sep 2025 |
NMDC
|
Consensus Share Price Target
|
76.00 |
74.69 |
- |
-1.72 |
hold
|
|
|
|
|
18 Aug 2023
|
NMDC
|
ICICI Securities Limited
|
76.00
|
130.00
|
116.70
(-34.88%)
|
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
|
Motilal Oswal
|
76.00
|
135.00
|
116.70
(-34.88%)
|
Target met |
Buy
|
|
|
|
|
17 Aug 2023
|
NMDC
|
Sharekhan
|
76.00
|
135.00
|
115.25
(-34.06%)
|
Target met |
Buy
|
|
|
|
|
25 May 2023
|
NMDC
|
ICICI Securities Limited
|
76.00
|
118.00
|
105.10
(-27.69%)
|
Target met |
Buy
|
|
|
NMDC’s Q4FY23 EBITDA was in line with our estimates, and 7% ahead of street estimates. Key highlights: 1) Best-ever production and sales volume; 2) Chhattisgarh segment comprised 68% of total sales volume (Q4FY22: 69%; Q3FY23: 70%); 3) EBITDA margin rebounded QoQ to 37%.
|
|
25 May 2023
|
NMDC
|
ICICI Direct
|
76.00
|
115.00
|
104.30
(-27.13%)
|
Target met |
Hold
|
|
|
|
|
24 May 2023
|
NMDC
|
Motilal Oswal
|
76.00
|
135.00
|
105.10
(-27.69%)
|
Target met |
Buy
|
|
|
|
|
24 May 2023
|
NMDC
|
Sharekhan
|
76.00
|
125.00
|
106.50
(-28.64%)
|
Target met |
Buy
|
|
|
|
|
23 Feb 2023
|
NMDC
|
Motilal Oswal
|
76.00
|
155.00
|
117.05
(-35.07%)
|
Target met |
Buy
|
|
|
|
|
16 Feb 2023
|
NMDC
|
ICICI Securities Limited
|
76.00
|
130.00
|
118.25
(-35.73%)
|
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%.
|
|
16 Feb 2023
|
NMDC
|
ICICI Direct
|
76.00
|
140.00
|
121.55
(-37.47%)
|
Target met |
Buy
|
|
|
|