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    HomeNewsBusinessEarningsNMDC: Free cash flow, higher dividend yield to give valuation a leg-up

    NMDC: Free cash flow, higher dividend yield to give valuation a leg-up

    Higher steel production will lead to higher iron ore consumption; domestic prices are at a steep discount to import prices.

    Nandish Shah
    November 23, 2022 / 17:58 IST
    NMDC | CMP: Rs 108.95 | The stock price declined 4 percent after the company registered a 62% year-on-year decline in profit at Rs 885.7 crore for quarter ended September FY23, impacted by lower top line as well as operating income. Numbers were below analysts' expectations. Revenue from operations for the quarter at Rs 3,328 crore declined 51% and EBITDA fell 73% to Rs 851.2 crore compared to year-ago period.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More