|
17 Apr 2025 |
NMDC
|
Consensus Share Price Target
|
66.00 |
72.65 |
- |
10.08 |
hold
|
|
|
|
|
07 Aug 2022
|
NMDC
|
Motilal Oswal
|
66.00
|
124.00
|
113.10
(-41.64%)
|
Target met |
Neutral
|
|
|
|
|
07 Aug 2022
|
NMDC
|
ICICI Direct
|
66.00
|
135.00
|
110.90
(-40.49%)
|
Target met |
Buy
|
|
|
|
|
29 May 2022
|
NMDC
|
Motilal Oswal
|
66.00
|
130.00
|
123.90
(-46.73%)
|
Target met |
Neutral
|
|
|
|
|
08 Mar 2022
|
NMDC
|
Motilal Oswal
|
66.00
|
216.00
|
152.80
(-56.81%)
|
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....
|
|
11 Feb 2022
|
NMDC
|
ICICI Securities Limited
|
66.00
|
190.00
|
158.15
(-58.27%)
|
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...
|
|
10 Feb 2022
|
NMDC
|
Prabhudas Lilladhar
|
66.00
|
175.00
|
158.15
(-58.27%)
|
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...
|
|
09 Feb 2022
|
NMDC
|
Motilal Oswal
|
66.00
|
156.00
|
159.30
(-58.57%)
|
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....
|
|
08 Dec 2021
|
NMDC
|
BOB Capital Markets Ltd.
|
66.00
|
|
146.95
(-55.09%)
|
Pre-Bonus/
Split |
Not Rated
|
|
|
Metals & Mining: Takeaways from call with NMDC
|
|
07 Dec 2021
|
NMDC
|
BOB Capital Markets Ltd.
|
66.00
|
|
146.95
(-55.09%)
|
Pre-Bonus/
Split |
Buy
|
|
|
NMDC intends to offset pricing headwinds with volume ramp-up in H2FY22
|
|
16 Nov 2021
|
NMDC
|
ICICI Securities Limited
|
66.00
|
175.00
|
138.20
(-52.24%)
|
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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