Shares of NMDC experienced a volume surge in Tuesday's session, with the stock price increasing by 0.59% to Rs 84.97. The stock is a constituent of the NIFTY MIDCAP 150 index.
Financial Performance:
Quarterly Results:
NMDC's consolidated quarterly financial performance shows the following trends:
| Heading | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 6,567.83 Crore | Rs 7,004.59 Crore | Rs 6,738.85 Crore | Rs 6,378.11 Crore | Rs 7,663.65 Crore |
| Net Profit | Rs 1,896.66 Crore | Rs 1,483.18 Crore | Rs 1,967.46 Crore | Rs 1,682.65 Crore | Rs 1,747.01 Crore |
| EPS | 2.14 | 1.68 | 2.24 | 1.93 | 2.00 |
The revenue for the quarter-ending December 2025 stood at Rs 7,663.65 Crore, up from Rs 6,567.83 Crore in December 2024. The net profit for the same period was Rs 1,747.01 Crore, compared to Rs 1,896.66 Crore in the previous year.
Annual Results:
NMDC's consolidated annual financial performance demonstrates the following:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 15,370.06 Crore | Rs 25,881.73 Crore | Rs 17,666.88 Crore | Rs 21,307.85 Crore | Rs 23,905.52 Crore |
| Net Profit | Rs 6,247.07 Crore | Rs 9,391.99 Crore | Rs 5,538.40 Crore | Rs 5,572.24 Crore | Rs 6,539.75 Crore |
| EPS | 20.70 | 32.00 | 19.11 | 19.02 | 7.44 |
| BVPS | 102.02 | 119.43 | 77.19 | 87.54 | 33.78 |
| ROE | 21.00 | 26.80 | 24.76 | 21.73 | 22.03 |
| Debt to Equity | 0.07 | 0.10 | 0.02 | 0.13 | 0.13 |
The annual revenue for the year-ending March 2025 was Rs 23,905.52 Crore, an increase from Rs 21,307.85 Crore in the year-ending March 2024. Net profit for the year-ending March 2025 stood at Rs 6,539.75 Crore, up from Rs 5,572.24 Crore in the previous year.
Income Statement:
The consolidated income statement provides the following data:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 23,905 Crore | Rs 21,307 Crore | Rs 17,666 Crore | Rs 25,881 Crore | Rs 15,370 Crore |
| Other Income | Rs 1,593 Crore | Rs 1,370 Crore | Rs 768 Crore | Rs 718 Crore | Rs 351 Crore |
| Total Income | Rs 25,498 Crore | Rs 22,678 Crore | Rs 18,435 Crore | Rs 26,600 Crore | Rs 15,721 Crore |
| Total Expenditure | Rs 16,177 Crore | Rs 14,647 Crore | Rs 10,713 Crore | Rs 13,586 Crore | Rs 6,809 Crore |
| EBIT | Rs 9,321 Crore | Rs 8,030 Crore | Rs 7,721 Crore | Rs 13,013 Crore | Rs 8,912 Crore |
| Interest | Rs 177 Crore | Rs 78 Crore | Rs 75 Crore | Rs 39 Crore | Rs 16 Crore |
| Tax | Rs 2,604 Crore | Rs 2,380 Crore | Rs 2,108 Crore | Rs 3,582 Crore | Rs 2,648 Crore |
| Net Profit | Rs 6,539 Crore | Rs 5,572 Crore | Rs 5,538 Crore | Rs 9,391 Crore | Rs 6,247 Crore |
Cash Flow:
The consolidated cash flow statement highlights the following:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 1,894 Crore | Rs 7,394 Crore | Rs 2,465 Crore | Rs 7,639 Crore | Rs 7,266 Crore |
| Investing Activities | Rs 305 Crore | Rs -6,076 Crore | Rs 43 Crore | Rs -5,065 Crore | Rs -4,316 Crore |
| Financing Activities | Rs -2,224 Crore | Rs -1,301 Crore | Rs -2,536 Crore | Rs -2,916 Crore | Rs -2,591 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs -24 Crore | Rs 16 Crore | Rs -27 Crore | Rs -342 Crore | Rs 358 Crore |
Balance Sheet:
The consolidated balance sheet shows:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 879 Crore | Rs 293 Crore | Rs 293 Crore | Rs 293 Crore | Rs 293 Crore |
| Reserves & Surplus | Rs 28,816 Crore | Rs 25,362 Crore | Rs 22,327 Crore | Rs 34,693 Crore | Rs 29,590 Crore |
| Current Liabilities | Rs 9,668 Crore | Rs 8,404 Crore | Rs 4,201 Crore | Rs 6,934 Crore | Rs 5,535 Crore |
| Other Liabilities | Rs 1,642 Crore | Rs 1,600 Crore | Rs 1,425 Crore | Rs 2,930 Crore | Rs 1,510 Crore |
| Total Liabilities | Rs 41,006 Crore | Rs 35,661 Crore | Rs 28,247 Crore | Rs 44,851 Crore | Rs 36,929 Crore |
| Fixed Assets | Rs 9,682 Crore | Rs 6,517 Crore | Rs 5,102 Crore | Rs 23,030 Crore | Rs 20,997 Crore |
| Current Assets | Rs 23,376 Crore | Rs 21,548 Crore | Rs 15,807 Crore | Rs 15,810 Crore | Rs 10,600 Crore |
| Other Assets | Rs 7,948 Crore | Rs 7,595 Crore | Rs 7,337 Crore | Rs 6,010 Crore | Rs 5,332 Crore |
| Total Assets | Rs 41,006 Crore | Rs 35,661 Crore | Rs 28,247 Crore | Rs 44,851 Crore | Rs 36,929 Crore |
| Contingent Liabilities | Rs 25,543 Crore | Rs 7,742 Crore | Rs 8,756 Crore | Rs 11,844 Crore | Rs 9,854 Crore |
Financial Ratios:
Key financial ratios for NMDC are:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 20.70 | 32.00 | 19.11 | 19.02 | 7.44 |
| Diluted Eps (Rs.) | 20.70 | 32.00 | 19.11 | 19.02 | 7.44 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 102.02 | 119.43 | 77.19 | 87.54 | 33.78 |
| Dividend/Share (Rs.) | 7.76 | 14.74 | 6.60 | 7.25 | 3.30 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Gross Profit Margin (%) | 59.47 | 51.39 | 38.60 | 40.65 | 40.75 |
| Operating Margin (%) | 57.98 | 50.27 | 36.70 | 39.01 | 38.99 |
| Net Profit Margin (%) | 40.64 | 36.28 | 31.34 | 26.14 | 27.35 |
| Return on Networth / Equity (%) | 21.00 | 26.80 | 24.76 | 21.73 | 22.03 |
| ROCE (%) | 28.38 | 34.32 | 26.96 | 30.49 | 29.74 |
| Return On Assets (%) | 16.99 | 20.91 | 19.82 | 15.63 | 15.95 |
| Current Ratio (X) | 1.91 | 2.28 | 3.76 | 2.56 | 2.42 |
| Quick Ratio (X) | 1.75 | 1.97 | 3.13 | 2.23 | 2.15 |
| Debt to Equity (x) | 0.07 | 0.10 | 0.02 | 0.13 | 0.13 |
| Interest Coverage Ratios (X) | 530.18 | 340.53 | 90.67 | 110.73 | 54.83 |
| Asset Turnover Ratio (%) | 41.61 | 0.63 | 0.48 | 0.67 | 0.62 |
| Inventory Turnover Ratio (X) | 16.68 | 0.41 | 0.32 | 0.31 | 8.85 |
| 3 Yr CAGR Sales (%) | 15.04 | 45.94 | 22.89 | 17.74 | -3.89 |
| 3 Yr CAGR Net Profit (%) | 28.16 | 42.31 | 23.99 | -5.56 | -16.55 |
| P/E (x) | 2.18 | 1.69 | 1.95 | 3.54 | 9.26 |
| P/B (x) | 1.33 | 1.36 | 1.45 | 2.30 | 2.04 |
| EV/EBITDA (x) | 3.91 | 3.24 | 3.82 | 5.79 | 5.57 |
| P/S (x) | 2.58 | 1.84 | 1.85 | 2.77 | 2.53 |
Corporate Actions:
NMDC has announced prices of Iron Ore effective from February 10, 2026. The company also published unaudited financial results for the quarter ended December 31, 2025.
The company announced an interim dividend of Rs 2.50 per share (250%) with effect from February 13, 2026. Further dividends include a final dividend of Rs 1.00 per share (100%) effective August 14, 2025, and an interim dividend of Rs 2.30 per share (230%) effective March 21, 2025.
A bonus issue of 2:1 was announced on November 11, 2024, with a record date of December 27, 2024.
The stock split was announced on December 27, 2007, with the old face value of Rs 10 split to a new face value of Rs 1, effective April 10, 2008.
Moneycontrol analysis on February 4, 2026, indicated a very bullish sentiment for the stock.
NMDC shares saw a volume surge in today's session, with the stock price increasing by 0.59% to Rs 84.97.
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