NSLNISPMetals & Mining

NMDC Steel Limited

Iron & Steel · ISIN INE0NNS01018 · BSE 543768 · NSE EQ · FV ₹10
Last price
₹42
+1.14%today
What this company does

NMDC Steel Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹3,662 cr of revenue in its latest quarter (Q1 FY27) and kept 1.4% of sales as profit. It is the 8th largest of 9 Iron & Steel companies we track, by market value.

NMDC Steel is shaping India’s industrial future through sustainable and efficient steel manufacturing. Driven by advanced integrated technology, operational excellence and an unswerving commitment to national development, we are contributing to India’s journey towards self-reliance and economic progress.
In the report:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 22–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns4

How much profit it earns on the money it employs

Balance sheet29

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency25

Whether sales and profit have grown, and how steadily

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 9% vs last year
Profit up 98% vs last year
Promoters hold 61%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 1.4% net margin
! Low 1.5% return on equity

What if I invest in NSLNISP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹42 +1.14%
latest close · 2026-09-17
52-wk low ₹3942 sessions so far52-wk high ₹49
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio54.8High
LowAverageHigh
P/B ratio0.93Below book
Below bookModerateHigh
EV / EBITDA9.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.5%Weak
WeakFairStrong ▸15%
Return on capital5.0%Weak
WeakFairStrong
Net margin1.4%Thin
ThinDecentStrong
EBITDA margin12.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.35Comfortable
LowModerateHigh ▸1
Interest cover1.6×Risky
RiskyOkayStrong ▸5×
Current ratio0.53Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹12,203 cr
Book value
₹45
EPS
₹0.19
latest quarter
Net debt
₹4,593 cr
owes more than its cash
Enterprise value
₹16,796 cr
EBITDA
₹1,770 cr
annualised
EBIT
₹801 cr
annualised
Operating margin
5.5%
Return on assets
0.7%
Earnings yield
1.83%
P/S
0.83
Sales / share
₹50.0
Tax rate
31.7%
Face value
₹10
Shares
293.1 cr
Working capital
₹-5,736 cr
Current assets
₹6,459 cr
Current liabilities
₹12,195 cr
Delivery %
37.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about -8% on its capital — below the ~12% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹50₹50, midpoint ₹50

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,662 cr
Other Income₹43 cr
Total Income₹3,705 cr
Cost of Materials₹2,509 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-121 cr
Employee Benefit Expense₹31 cr
Finance Costs₹126 cr
Depreciation & Amortisation₹242 cr
Other Expenses₹843 cr
Total Expenses₹3,631 cr
Profit before Tax₹74 cr
Tax Expense₹23 cr
Net Profit₹51 cr
Net margin on total income1.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,388 cr64.5%
Employee benefit expense₹31 cr0.8%
Finance costs₹126 cr3.4%
Depreciation & amortisation₹242 cr6.5%
Other expenses₹843 cr22.8%
Tax expense₹23 cr0.6%
Profit for the period₹51 cr1.4%
Total income ₹3,705 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,008 cr3,879 cr3,662 cr
Total income3,026 cr3,905 cr3,705 cr
Expenses3,290 cr3,419 cr3,631 cr
Profit before tax-264 cr486 cr74 cr
Tax-20 cr94 cr23 cr
Net profit (owners' share)-244 cr392 cr51 cr
Net margin (owners' share, on revenue)-8.1%10.1%1.4%
EPS (₹)-0.831.340.19
YoY (latest quarter): total income +9.4% · net profit +97.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹28,237 cr
Shareholder equity
₹13,173 cr
parent shareholders
Total debt
₹4,602 cr
Cash
₹9 cr
Cash flow · H1 FY26
Operating
₹821 cr
Investing
₹126 cr
Financing
₹-931 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limitedthis company₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
60.8%
FII / Foreign
5.5%
DII / Domestic
15.8%
Retail / others
17.9%
Smart-money activity
Bulk / block deals
short · NSE733 Sep 26
short · NSE128 Aug 26
short · NSE227 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Aug 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2025 together with the reports of the Board of Directors, Statutory Auditors and Comptroller and Auditor General of India thereon.
Backed by 99% of shareholders other than promotersneeded 50%
53.66 cr votes for, 27.96 L against · 1% of mutual funds and other big investors said no
2
To appoint a Director in place of Shri Abhijit Narendra (DIN: 07851224), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 77% of shareholders other than promotersneeded 50%
41.35 cr votes for, 12.62 cr against · 23% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Vishwanath Suresh (DIN: 10059734), who retires by rotation and being eligible, offers herself for re-appointment.
Backed by 82% of shareholders other than promotersneeded 50%
44.25 cr votes for, 9.72 cr against · 18% of mutual funds and other big investors said no
4
To authorize the Board of Directors for fixing the remuneration of Statutory Auditors for the financial year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
53.97 cr votes for, 19,951 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 60.8% between them · as of 2026-06-30
PRESIDENT OF INDIA60.79%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.