|
15 May 2025 |
NMDC
|
Consensus Share Price Target
|
69.76 |
72.94 |
- |
4.56 |
hold
|
|
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11 Feb 2022
|
NMDC
|
ICICI Securities Limited
|
69.76
|
190.00
|
158.15
(-55.89%)
|
Pre-Bonus/
Split |
Buy
|
|
|
During the quarter, NMDC reported iron ore sales volume of 9.8 MT, up 6% YoY & 9% QoQ (in line with our estimate of 9.9 MT). EBITDA/tonne came in at | 2654/tonne, higher than our estimate of | 2500/tonne (EBITDA/tonne of...
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10 Feb 2022
|
NMDC
|
Prabhudas Lilladhar
|
69.76
|
175.00
|
158.15
(-55.89%)
|
Target met |
Accumulate
|
|
|
NMDC reported Q3FY22 EBITDA in line with our estimates while above consensus estimates (CE) by 3% at Rs26.1bn, down 16% QoQ/6% YoY. Global iron ore prices increased ~56% in last three months in wake of positive...
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09 Feb 2022
|
NMDC
|
Motilal Oswal
|
69.76
|
156.00
|
159.30
(-56.21%)
|
Target met |
Buy
|
|
|
NMDC reported strong but inline set of numbers. Revenue/EBITDA/APAT for the quarter stood at INR58.7b/INR 26.1b/INR20.5b. The results were down sequentially due to continuous correction in iron ore prices during the last 6 months. EBITDA/t for the quarter was INR2,654/t (YoY down 5.6%, QoQ down 5.6%). The ore prices corrected due to weak international steel prices and lower production from China which resulted in surplus pellets in India leading to steep correction in ore prices by 37% during that period....
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08 Dec 2021
|
NMDC
|
BOB Capital Markets Ltd.
|
69.76
|
|
146.95
(-52.53%)
|
Pre-Bonus/
Split |
Not Rated
|
|
|
Metals & Mining: Takeaways from call with NMDC
|
|
07 Dec 2021
|
NMDC
|
BOB Capital Markets Ltd.
|
69.76
|
|
146.95
(-52.53%)
|
Pre-Bonus/
Split |
Buy
|
|
|
NMDC intends to offset pricing headwinds with volume ramp-up in H2FY22
|
|
16 Nov 2021
|
NMDC
|
ICICI Securities Limited
|
69.76
|
175.00
|
138.20
(-49.52%)
|
Target met |
Buy
|
|
|
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...
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12 Nov 2021
|
NMDC
|
Prabhudas Lilladhar
|
69.76
|
170.00
|
140.20
(-50.24%)
|
Target met |
Accumulate
|
|
|
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...
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18 Aug 2021
|
NMDC
|
ICICI Securities Limited
|
69.76
|
210.00
|
166.95
(-58.22%)
|
Pre-Bonus/
Split |
Buy
|
|
|
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...
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18 Aug 2021
|
NMDC
|
Prabhudas Lilladhar
|
69.76
|
175.00
|
146.80
(-52.48%)
|
Target met |
Accumulate
|
|
|
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...
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02 Aug 2021
|
NMDC
|
Edelweiss
|
69.76
|
201.00
|
180.15
(-61.28%)
|
Pre-Bonus/
Split |
Buy
|
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NMDC Limited is engaged in mining of iron ore.
|