Skip to content
MarketDeck StockProof
NMDC.NS

NMDC Ltd.

Metals & Mining
Price research

Price history

1Y window · 2025-09-22 to 2026-09-22

Start 2025-09-22 ₹74.59
End 2026-09-22 ₹80.20
Change over window +7.52%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-05-30
Price (live) ₹80.20 INR fetched 2026-09-23 02:29
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

9.46

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitLossForPeriod / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹80.20 / (₹74,504,200,000 / 8,791,800,000 shares) = ₹80.20 / ₹8.47 EPS

ROE

21.87%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitLossForPeriod / EquityAttributableToOwnersOfParent → ₹74,504,200,000 / ₹340,623,300,000 = 21.87%

Debt/Equity

0.17

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = BorrowingsCurrent + BorrowingsNoncurrent / EquityAttributableToOwnersOfParent → ₹58,741,000,000 / ₹340,623,300,000 = 0.17

Current Ratio

2.43

Current Ratio = Current Assets / Current Liabilities

Source trace FY2025-26 · Annual filing

Current Ratio = CurrentAssets / CurrentLiabilities → ₹294,102,400,000 / ₹121,060,900,000 = 2.43

ROCE

25.72%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + BorrowingsCurrent + BorrowingsNoncurrent) → ₹102,706,800,000 / (₹340,623,300,000 + ₹58,741,000,000) = 25.72%

Dividend Yield

4.36%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹30,772,300,000 / 8,791,800,000 shares) / ₹80.20 = ₹3.50 / ₹80.20

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y 13.5%
Net profit CAGR · 3y 8.2%
Operating margin · FY2025-26 32.0%
ROCE · FY2025-26 25.7%

Revenue & Profit CAGR

Revenue (3y, 8.0y actual)
13.5%
Net Profit (3y)
8.2%
Revenue (5y, 8.0y actual)
13.5%
Net Profit (5y)
8.2%
Revenue (10y, 8.0y actual)
13.5%
Net Profit (10y)
8.2%

Operating Margin Trend

Eroding
FY2017-18
52.3%
FY2018-19
59.5%
FY2019-20
53.2%
FY2020-21
58.0%
FY2021-22
50.3%
FY2022-23
36.7%
FY2023-24
39.0%
FY2024-25
40.0%
FY2025-26
32.0%

ROCE Trajectory

FY2017-18
N/A
FY2018-19
N/A
FY2019-20
N/A
FY2020-21
N/A
FY2021-22
N/A
FY2022-23
28.1%
FY2023-24
28.6%
FY2024-25
28.4%
FY2025-26
25.7%

Earnings Quality

⚠ Persistent profit/cash gap

Net Profit CAGR -10.77% vs CFO CAGR -40.89% over 3.0y (2022-03-31 → 2025-03-31); most recent year: Net Profit +20.05% vs CFO -78.67%

Sector-Relative Percentile

Sector · Metals & Mining
ROE 59th percentile Better than 10 of 17 sector peers (59th percentile).
ROCE 76th percentile Better than 13 of 17 sector peers (76th percentile).
Debt/Equity 82th percentile Better than 14 of 17 sector peers (82th percentile).
P/E 94th percentile Better than 16 of 17 sector peers (94th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for NMDC Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Comparing FY2024-25FY2025-26

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index N/A 1.031 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
GMI — Gross Margin Index N/A 1.014 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
AQI — Asset Quality Index N/A 1.039 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
SGI — Sales Growth Index N/A 1.134 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
DEPI — Depreciation Index N/A 1.077 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
SGAI — SG&A Index N/A 1.041 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
LVGI — Leverage Index N/A 1.111 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.
TATA — Total Accruals to Total Assets N/A 0.018 The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.

Composite M-Score not computable — The two most recent stored annual years report on different bases (2025-03-31: Standalone, 2026-03-31: Consolidated). Every one of the eight indices compares this year to last year, so a change in reporting basis between them would silently corrupt all eight rather than genuinely reflect anything about the company.

Financials

Quarterly trend

10 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q4 FY2023-24 Q1 FY2024-25 Q2 FY2024-25 Q3 FY2024-25 Q4 FY2024-25 Q1 FY2025-26 Q2 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹64.89 Bn ₹54.14 Bn ₹49.19 Bn Gross ₹49.48 Bn ₹65.68 Bn ₹69.53 Bn ₹67.39 Bn ₹63.78 Bn ₹76.11 Bn ₹113.43 Bn ₹67.95 Bn RevenueFromOperations
Net Profit ₹14.13 Bn ₹19.71 Bn ₹12.12 Bn ₹18.82 Bn ₹14.96 Bn ₹19.68 Bn ₹16.99 Bn ₹17.56 Bn incl. minority ₹17.57 Bn ₹20.27 Bn ₹19.76 Bn incl. minority ₹19.76 Bn ProfitLossForPeriod
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 12 filings on file

Promoter & Promoter Group
60.79%
Public
39.21%
Employee Trusts
0.00%
Promoter % Public %
Metric Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79% 60.79%
Public 39.21% 39.21% 39.21% 39.21% 39.21% 39.21% 39.21% 39.21% 39.21% 39.21% 39.21% 39.21%
Employee Trusts 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-22) 52.8%
Trailing 20-day average 50.5%
Date Traded Qty Delivery Qty Delivery %
2026-09-22 8885406 4694653 52.84%
2026-09-21 8513163 4862791 57.12%
2026-09-18 18919633 11965410 63.24%
2026-09-17 4385275 2040539 46.53%
2026-09-16 9502607 4717634 49.65%
2026-09-15 10462679 6252336 59.76%
2026-09-11 9234255 3803238 48.70%
2026-09-10 9878920 5423313 54.90%
2026-09-09 14151248 7354696 51.97%
2026-09-08 12129471 6286121 51.83%
2026-09-07 15859358 6551030 41.31%
2026-09-04 13224234 6796593 51.39%
2026-09-03 13174732 5939731 45.08%
2026-09-02 16726795 8698666 52.00%
2026-09-01 11311468 3750725 33.16%
2026-08-31 16906053 10796662 63.86%
2026-08-28 14224538 6363174 44.73%
2026-08-27 16189617 8048306 49.71%
2026-08-26 26181347 13065515 49.90%
2026-08-25 16488458 7111982 43.13%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

9 disclosures shown

Disclosed Person Category Type Mode Quantity Value (₹) Resulting stake Source
23 Jul 2021 The President of India acting through and represented by the Ministry of Steel Government of India Promoters Sell Off Market 147942 24484401 60.79% XBRL
09 Jul 2021 The President of India acting through and represented by the Ministry of Steel, Government of India Promoters Sell Market Sale 197552139 32882319421 61.55% XBRL
09 Jul 2021 The President of India acting through and represented by the Ministry of Steel, Government of India Promoters Sell Market Sale 21950239 3631402928 60.80% XBRL
12 Jan 2021 President of India acting through Ministry of Steel, Government of India Promoters Sell Others 131169702 13772818710 68.29% XBRL
11 Feb 2020 President of India Promoters Sell Off Market 80582119 9244396643 69.65% XBRL
01 Apr 2019 President of India acting through Ministry of Steel Government of India Promoters Sell Others 78535839 7696512222 72.28% XBRL
11 Jan 2018 The President of India acting through and represented by the Ministry of Steel Government of India Promoters Sell Market Sale 63643713 9800513165 72.93%
11 Jan 2018 The President of India acting through and represented by the Ministry of Steel Government of India Promoters Sell Market Sale 15910928 2444790661 72.42%
14 Oct 2016 President of India acting through the Ministry of Steel, Government of India Promoters Sell Others 800820108 75277090152 74.94%
About these disclosures

SEBI PIT (Prohibition of Insider Trading) Regulation 7 disclosures — designated persons (promoters, directors, KMPs, and their immediate relatives) reporting their own dealing in the company's securities, as NSE publishes them. Distinct from the SAST (Regulation 29 substantial-acquisition) filings on the market-wide SAST activity page. Public record only — this is descriptive disclosure data, not a signal, and is not a recommendation to buy or sell.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitLossForPeriod74504200000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital8791800000.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
CurrentAssets294102400000.0
CurrentLiabilities121060900000.0
EquityAttributableToOwnersOfParent340623300000.0
BorrowingsCurrent + BorrowingsNoncurrent58741000000.0
Research notes

My notes