NMDC share price
NSE: NMDCBSE: 526371Minerals & MiningMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹69.00.
28 Oct: open ₹67.99, high ₹68.06, low ₹66.91
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹59,345 Cr142nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 7.96
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.74
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 5.19%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record.
- 21.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 22.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.17
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,29,75,48358.8% delivered
About NMDC
NMDC Limited mines iron ore in India; most of its customers are steel makers.12 It runs mechanised iron ore mines in Chhattisgarh and Karnataka and a diamond mine at Panna in Madhya Pradesh.2 It is a central public sector enterprise under the Ministry of Steel, Government of India, with its registered office in Hyderabad.3
It was established in November 1958.4 The President of India held 60.79% of its shares on 30 Jun 2026.5 Its iron and steel plant was demerged into NMDC Steel Limited, effective 13 Oct 2022.6 It holds 51% of NMDC-CMDC Limited, a joint venture with Chhattisgarh Mineral Development Corporation, and 92.84% of Legacy Iron Ore Limited, an ASX-listed company in Perth focused on gold, iron ore and base metals.782 It also holds 25.94% of International Coal Ventures Private Limited, a joint venture with SAIL, RINL, CIL and NTPC that acquired a coking coal asset in Mozambique in 2014.9
Its research and development centre in Hyderabad has been declared a Centre of Excellence by the United Nations Industrial Development Organization (UNIDO).10 It has opened offices in Dubai and Sydney to look for mineral assets abroad, and is reviewing projects in Africa, South America and the Middle East and North Africa.11
NMDC key points
Results
- In the quarter to Jun 2026, revenue from operations was ₹6,795 crore against ₹6,634 crore a year earlier, EBITDA (earnings before interest, tax, depreciation and amortisation) ₹2,817 crore against ₹2,777 crore, and profit after tax ₹2,007 crore against ₹1,969 crore.1213
- For the year to Mar 2026, consolidated revenue, as the company presents it, was ₹32,070.89 crore against ₹23,905.52 crore a year earlier, and consolidated net profit ₹7,450.42 crore against ₹6,541.98 crore.14
- In the year to Mar 2026 the company became the first Indian iron ore producer to cross 50 million tonnes of annual production, and its iron ore sales rose 13.2% to 50.24 million tonnes.1516
Production and sales
- Iron ore, quarter to Jun 20261718Production was the highest for a quarter to June, the company says.
Item quarter to Jun 2026 quarter to Jun 2025 Production (lakh tonnes) 151.17 119.94 Sales (lakh tonnes) 117.30 115.17 Average domestic realisation (₹ received per tonne) 5,548 5,353 - In the year to Mar 2026 the Kirandul and Bacheli complexes in Dantewada, Chhattisgarh, produced around 37.5 million tonnes, and the Donimalai complex in Bellary, Karnataka, 15.6 million tonnes.19
Business segments
- Consolidated external sales by segment (₹ crore)14
Item year to Mar 2026 year to Mar 2025 Iron ore 24,723.45 22,803.40 Hot rolled (HR) coil trading 3,960.86 198.98 All other segments 3,386.58 903.14 - The iron ore segment mines and sells iron ore; the trading segment buys and sells hot rolled steel coil; the other segments make and sell iron ore pellets, sell wind power to BESCOM, a Karnataka electricity distributor, and mine coal and gold ore.202122
- On a consolidated basis, segment results (segment profit before tax) were ₹9,845.62 crore for iron ore, ₹16.31 crore for HR coil trading and ₹158.32 crore for the other segments in the year to Mar 2026.14
Where revenue comes from
- Consolidated revenue by customer location (₹ crore)23
Item year to Mar 2026 year to Mar 2025 India 30,416.37 23,220.13 Exports 1,137.33 448.19 Australia (overseas operations) 517.19 237.20
Plants and capacity
- At the end of March 2026 it held environmental clearance (government permission to mine up to a set yearly amount) for 64.8 million tonnes a year, plus 17 million tonnes a year for the NMDC-CMDC joint venture's Deposits 4 and 13.15
- In the year to Mar 2026 it awarded the operation, maintenance and development of its 1.2 million tonnes a year pellet plant at Donimalai for 15 years on a revenue-sharing basis.24
- Mining began at the Tokisud North coal mine in Hazaribagh, Jharkhand, on 23 Jan 2026; its annual capacity is 2.30 million tonnes of thermal coal (coal burnt to make power).25
- Its estimated mineral resource was 3.15 billion tonnes at the end of March 2026, including resources under NMDC-CMDC Limited.26
Customers and partners
- On a consolidated basis, 3 major customers provided 47% of revenue from operations in the iron ore segment in the year to Mar 2026.22
- In the standalone accounts for March 2026, the auditor drew attention to recovering ₹4,839.36 crore of receivables and ₹1,851.39 crore of demerger dues from NMDC Steel Limited, and ₹4,586.31 crore from Rashtriya Ispat Nigam Limited. NMDC Steel has since scheduled repayment of the demerger dues.2728
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it targets 60 million tonnes of production in the year to Mar 2027 and aims to build 100 million tonnes a year of capacity by the year to Mar 2030.15
- Capital expenditure was ₹3,384 crore in the year to Mar 2026, and the NMDC-CMDC joint venture started operations at its Deposit-4 iron ore mine in March 2026.2930
- The company said in its annual report of 6 Sep 2026 that its 15 million tonnes a year slurry pipeline (pumping ore mixed with water) from Bacheli to Nagarnar was 94% complete at the end of March 2026 and expected to start in 2026.31
- The company said in its annual report of 6 Sep 2026 that doubling of the Kirandul to Jagdalpur rail line was 97% complete and would raise the line's capacity to carry ore from the Bailadila sector from 28 to 60 million tonnes a year.32
Litigation and regulatory matters
- Karnataka's Mineral Rights and Mineral Bearing Land Tax Bill, 2024, proposing retrospective taxes, awaited the President's assent as of the annual report of 6 Sep 2026. If enacted as drafted, the standalone accounts estimate ₹15,481.72 crore, shown as a contingent liability (a possible obligation).33
- Karnataka's Forest Development Tax on iron ore sales, quashed by the High Court in December 2015, is before the Supreme Court, which stayed the refund; the case was last listed on 29 Apr 2026 and adjourned, and the company's documents give no outcome.34
Last updated
All 34 sources, each with its page
- 1. Annual report, 6 Sep 2026, page 203
- 2. Annual report, 6 Sep 2026, page 156
- 3. Annual report, 6 Sep 2026, page 198
- 4. Annual report, 6 Sep 2026, page 155
- 5. Investor presentation, 14 Aug 2026, page 11
- 6. Annual report, 6 Sep 2026, page 395
- 7. Investor presentation, 14 Aug 2026, page 12
- 8. Annual report, 6 Sep 2026, page 157
- 9. Annual report, 6 Sep 2026, page 157
- 10. Annual report, 6 Sep 2026, page 158
- 11. Annual report, 6 Sep 2026, page 163
- 12. Investor presentation, 14 Aug 2026, page 6
- 13. Investor presentation, 14 Aug 2026, page 5
- 14. Annual report, 6 Sep 2026, page 498
- 15. Annual report, 6 Sep 2026, page 45
- 16. Annual report, 6 Sep 2026, page 72
- 17. Investor presentation, 14 Aug 2026, page 6
- 18. Investor presentation, 14 Aug 2026, page 4
- 19. Annual report, 6 Sep 2026, page 156
- 20. Annual report, 6 Sep 2026, page 497
- 21. Annual report, 6 Sep 2026, page 497
- 22. Annual report, 6 Sep 2026, page 498
- 23. Annual report, 6 Sep 2026, page 499
- 24. Annual report, 6 Sep 2026, page 116
- 25. Exchange filing, 23 Jan 2026, page 1
- 26. Annual report, 6 Sep 2026, page 158
- 27. Annual report, 6 Sep 2026, page 299
- 28. Annual report, 6 Sep 2026, page 395
- 29. Annual report, 6 Sep 2026, page 49
- 30. Annual report, 6 Sep 2026, page 157
- 31. Annual report, 6 Sep 2026, page 158
- 32. Annual report, 6 Sep 2026, page 115
- 33. Annual report, 6 Sep 2026, page 299
- 34. Annual report, 6 Sep 2026, page 375
Results
Standalone, as consolidated accounts are on record for only 9 of the last ten years; ₹ crore.NMDC quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6,795 Crdown 39.18%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹2,007 Crdown 0.64%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 29.5%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,807 | 6,531 | 6,953 | 6,634 | 6,261 | 7,486 | 11,173 | 6,795 |
| Net profit | 1,269 | 1,944 | 1,496 | 1,969 | 1,694 | 1,738 | 2,020 | 2,007 |
| Net margin | 26.4% | 29.8% | 21.5% | 29.7% | 27.1% | 23.2% | 18.1% | 29.5% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹31,554 Crup 33.32%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹7,421 Crup 10.89%
- Net margin
- 23.5%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2023, part of the business was demerged on 27 Oct 2022, and figures before the change include the part that left.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,830 | 11,615 | 12,153 | 11,699 | 15,370 | 25,882 | 17,667 | 21,294 | 23,668 | 31,554 |
| Net profit | 2,589 | 3,806 | 4,642 | 3,610 | 6,253 | 9,398 | 5,529 | 5,632 | 6,693 | 7,421 |
| Net margin | 29.3% | 32.8% | 38.2% | 30.9% | 40.7% | 36.3% | 31.3% | 26.4% | 28.3% | 23.5% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Iron OreIron Ore, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹25,015 Cr77.3%
- HR Coil & SheetsHR Coil & Sheets, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,961 Cr12.2%
- Pellet ,Other Minerals, Products, Services & OthersPellet ,Other Minerals, Products, Services & Others, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,387 Cr10.5%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.NMDC PE ratio and valuation
At or below today's level on 31% of 2,153 trading days over the last 10 years.
At or below today's level on 55% of 1,829 trading days since Nov 2018.
At or below today's level on 70% of 2,451 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | With the demerger reinvestedReturn with the demerger reinvested. The yearly price growth with the price before the demerger multiplied by the demerger's price factor (its opening price on the ex-date over the close before it), plus the average dividend yield: the return of a holder who put the value of the shares of the company that was split off back into this share on the ex-date. | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|---|
| 1 year | +14.0% | – | +10.9% | −0.2% | 3.3% |
| 3 years | +30.9% | – | +10.3% | +15.2% | 3.9% |
| 5 years | +16.4% | +24.4% | +3.5% | +7.3% | 5.3% |
Mutual fund holdings
201 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 120 of the 136 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 201 funds holding NMDC
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 74
- CutCut. Funds that held fewer shares than at the end of the month before.
- 62
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 63
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 4,00,14,000 | 0.41% | ₹306.3 Cr | |
| 3,48,57,000 | 0.75% | ₹266.8 Cr | |
| 2,85,39,000 | 0.48% | ₹218.4 Cr | |
| 2,82,75,750 | 0.71% | ₹216.4 Cr | |
| 2,77,36,358 | 0.96% | ₹212.3 Cr | |
| 2,76,95,250 | 0.79% | ₹212.0 Cr | |
| 2,56,90,500 | 0.42% | ₹196.6 Cr | |
| 2,51,43,750 | 1.35% | ₹192.5 Cr | |
| 2,38,39,816 | 3.16% | ₹182.5 Cr | |
| 2,36,18,250 | 0.74% | ₹180.8 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.NMDC insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
NMDC competitors and peers
Industrial Minerals, 15 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to NMDC in market cap.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 99,930 | 20.97 | 7.20 | +233.8% | +210.7% | 47.0% | 21.0% | 0.06% | |
| 13,876 | 14.51 | 1.96 | +2.2% | +43.7% | 14.2% | 4.6% | 2.18% | |
| 9,916 | 24.92 | 3.75 | +23.9% | +9.8% | 16.2% | 12.1% | 0.00% | |
| 4,458 | 14.68 | 1.65 | +5.8% | +8.1% | 11.4% | 10.9% | 2.43% | |
| 4,093 | – | 2.48 | +62.6% | – | – | 13.5% | 0.47% | |
| 1,934 | 580.47 | – | +47.4% | – | – | 18.7% | 0.00% | |
| 988 | 38.57 | 5.06 | +94.8% | +170.8% | 14.0% | – | 0.00% | |
| 568 | 8.88 | 1.11 | +4.2% | +2.7% | 13.2% | 15.0% | 0.78% |
Dividends
Per share, by the year it was paid for, and the latest payments.NMDC dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 5 Oct 2026 | Dividend | ₹1.00 |
| 13 Feb 2026 | Interim | ₹2.50 |
| 14 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.00 |
| 21 Mar 2025 | Interim | ₹2.30 |
| 17 Sep 2024 | Final | ₹1.50 |
| 27 Feb 2024 | Interim | ₹5.75 |
Latest announcements
Routine notices left out.NMDC announcements
Oct 2026
13 Oct · Management
1 Oct · General Updates
Sep 2026
28 Sep · Meeting
27 Sep
NMDC share price by year
Each calendar year to 2025.NMDC share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 83.17 | +26.2% | 83.41 | 60.00 |
| 2024 | 65.92 | −5.7% | 94.07 | 65.92 |
| 2023 | 69.88 | +70.4% | 69.88 | 34.77 |
| 2022Demerger | 41.02 | −7.7% | 58.15 | 33.25 |
| 2021 | 44.43 | +16.5% | 67.65 | 35.07 |
| 2020 | 38.15 | −11.2% | 46.27 | 21.02 |
| 2019 | 42.97 | +33.1% | 42.97 | 26.23 |
| 2018 | 32.28 | −29.7% | 53.95 | 30.45 |
| 2017 | 45.93 | +11.7% | 50.08 | 34.68 |
| 2016 | 41.13 | +37.3% | 46.12 | 25.55 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 66.84 | 69.00 | 66.53 | 69.00 | 67.86 | 1,80,81,275 | 61.3% |
| 26 Oct 2026 | 66.35 | 66.64 | 65.61 | 66.49 | 66.21 | 1,36,19,861 | 48.2% |
| 23 Oct 2026 | 68.60 | 68.72 | 65.15 | 66.35 | 66.38 | 2,23,85,585 | 41.2% |
| 22 Oct 2026 | 69.46 | 69.46 | 67.80 | 68.88 | 68.58 | 1,02,13,019 | 43.6% |
| 21 Oct 2026 | 70.68 | 71.11 | 68.95 | 69.60 | 69.56 | 1,74,14,848 | 62.0% |
| 19 Oct 2026 | 71.95 | 72.10 | 70.30 | 70.50 | 71.16 | 98,63,444 | 64.1% |
| 16 Oct 2026 | 71.18 | 71.92 | 70.89 | 71.69 | 71.65 | 1,53,03,261 | 67.0% |
| 15 Oct 2026 | 71.11 | 71.29 | 70.50 | 70.82 | 70.86 | 2,07,82,467 | 68.5% |
| 14 Oct 2026 | 71.28 | 71.87 | 71.03 | 71.08 | 71.49 | 1,24,10,170 | 54.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 27 Dec 2024 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
| 27 Oct 2022 | Demerger | 0.7055 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 21 May 2008 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
| 10 Apr 2008 | Split | 0.1000 | Each share became 10. |
Company details
- NSE symbol
- NMDC
- BSE code
- 526371
- ISIN
- INE584A01023
- Industry
- Minerals & Mining
- Website
- www.nmdc.co.in
- CIN
- L13100TG1958GOI001674
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1958
- Registered office
- 10 - 3 - 311 / A, Khanij Bhavan, Castle Hills, Masab Tank, Hyderabad 500028, Telangana
- Share registrar
- Aarthi Consultants Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments