NMDC logo

NMDC share price

NSE: NMDCBSE: 526371Minerals & MiningMid Cap

NMDC Limited · Face value ₹1
Last close ₹67.50down ₹1.50 (2.17%)BSE ₹67.50

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

52-week range of traded prices to 28 Oct 2026
₹65.15Low, 23 Oct 2026₹97.49High, 3 Jun 2026
Market cap
₹59,345 Cr142nd largest listed
P/E
7.96
P/B
1.74
Dividend yield
5.19%
ROE
21.9%
ROCE
22.0%
Debt to equity
0.17
Volume, NSE
1,29,75,48358.8% delivered

NMDC share price chart

Daily closes since Jan 2007, BSE closes Jan 2007 to Feb 2008, adjusted for splits and bonuses, with the demerger of Oct 2022 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

−9.6%over a year · Nifty Metal +11.1% · Nifty 500 −8.8%

Results20-session average 1,56,78,138 shares a day, 56.2% 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 20261718
    Itemquarter to Jun 2026quarter to Jun 2025
    Production (lakh tonnes)151.17119.94
    Sales (lakh tonnes)117.30115.17
    Average domestic realisation (₹ received per tonne)5,5485,353
    Production was the highest for a quarter to June, the company says.
  • 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
    Itemyear to Mar 2026year to Mar 2025
    Iron ore24,723.4522,803.40
    Hot rolled (HR) coil trading3,960.86198.98
    All other segments3,386.58903.14
  • 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
    Itemyear to Mar 2026year to Mar 2025
    India30,416.3723,220.13
    Exports1,137.33448.19
    Australia (overseas operations)517.19237.20

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

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

Revenue
₹6,795 Crdown 39.18%
Net profit
₹2,007 Crdown 0.64%
Net margin
29.5%

Revenue by quarter

₹4,807 CrSep 24₹6,531 CrDec 24₹6,953 CrMar 25₹6,634 CrJun 25₹6,261 CrSep 25₹7,486 CrDec 25₹11,173 CrMar 26₹6,795 CrJun 26
Peak revenue ₹11,173 Cr, quarter to Mar 2026; lowest ₹4,807 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹1,269 CrSep 24₹1,944 CrDec 24₹1,496 CrMar 25₹1,969 CrJun 25₹1,694 CrSep 25₹1,738 CrDec 25₹2,020 CrMar 26₹2,007 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,8076,5316,9536,6346,2617,48611,1736,795
Net profit1,2691,9441,4961,9691,6941,7382,0202,007
Net margin26.4%29.8%21.5%29.7%27.1%23.2%18.1%29.5%
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Iron Ore₹25,015 Cr77.3%
  • HR Coil & Sheets₹3,961 Cr12.2%
  • Pellet ,Other Minerals, Products, Services & Others₹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

Price to earnings

At or below today's level on 31% of 2,153 trading days over the last 10 years.

LowestHighest
Its median9.46Industry median14.68
Price to book

At or below today's level on 55% of 1,829 trading days since Nov 2018.

LowestHighest
Its median1.47Industry median1.96
Dividend yield

At or below today's level on 70% of 2,451 trading days over the last 10 years.

LowestHighest
Its median4.35%Industry median0.78%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearWith the demerger reinvestedEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.NMDC shareholding pattern

Shareholding by group

  • Promoters60.79%
  • Foreign institutions14.91%
  • Indian institutions12.51%
  • Individuals and others11.78%
Holder
PRESIDENT OF INDIAPromoter60.79%
LIFE INSURANCE CORPORATION OF INDIA - P & GS FundInsurance companies3.73%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +1.32 pts, Indian institutions −1.30 pts, mutual funds −0.26 pts.

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 again
1
Added
74
Cut
62
Held unchanged
63
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Lloyds Metals and Energy logoLloyds Metals and EnergyLLOYDSME99,93020.977.20+233.8%+210.7%47.0%21.0%0.06%
Gujarat Mineral Development Corporation logoGujarat Mineral Development CorporationGMDCLTD13,87614.511.96+2.2%+43.7%14.2%4.6%2.18%
Gravita India logoGravita IndiaGRAVITA9,91624.923.75+23.9%+9.8%16.2%12.1%0.00%
MOIL logoMOILMOIL4,45814.681.65+5.8%+8.1%11.4%10.9%2.43%
Ashapura Minechem logoAshapura MinechemASHAPURMIN4,093–2.48+62.6%––13.5%0.47%
The Orissa Minerals Development Company logoThe Orissa Minerals Development CompanyORISSAMINE1,934580.47–+47.4%––18.7%0.00%
Petro Carbon and Chemicals logoPetro Carbon and ChemicalsPCCL98838.575.06+94.8%+170.8%14.0%–0.00%
20 Microns logo20 Microns20MICRONS5688.881.11+4.2%+2.7%13.2%15.0%0.78%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

1.4Mar 181.8Mar 191.8Mar 202.6Mar 214.9Mar 222.2Mar 232.4Mar 243.3Mar 252.5Mar 261Mar 27so far
Highest ₹4.91 a share, year to Mar 2022.
Ex-dateTypePer share
5 Oct 2026Dividend₹1.00
13 Feb 2026Interim₹2.50
14 Aug 2025Final₹1.00
21 Mar 2025Interim₹2.30
17 Sep 2024Final₹1.50
27 Feb 2024Interim₹5.75
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.NMDC announcements

NMDC share price by year

Each calendar year to 2025.NMDC share price history

YearClose at year endChangeHighest closeLowest close
202583.17+26.2%83.4160.00
202465.92−5.7%94.0765.92
202369.88+70.4%69.8834.77
2022Demerger41.02−7.7%58.1533.25
202144.43+16.5%67.6535.07
202038.15−11.2%46.2721.02
201942.97+33.1%42.9726.23
201832.28−29.7%53.9530.45
201745.93+11.7%50.0834.68
201641.13+37.3%46.1225.55
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 27 Oct 2022 reinvested, the change in 2022 is +30.8%.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 202666.8469.0066.5369.0067.861,80,81,27561.3%
26 Oct 202666.3566.6465.6166.4966.211,36,19,86148.2%
23 Oct 202668.6068.7265.1566.3566.382,23,85,58541.2%
22 Oct 202669.4669.4667.8068.8868.581,02,13,01943.6%
21 Oct 202670.6871.1168.9569.6069.561,74,14,84862.0%
19 Oct 202671.9572.1070.3070.5071.1698,63,44464.1%
16 Oct 202671.1871.9270.8971.6971.651,53,03,26167.0%
15 Oct 202671.1171.2970.5070.8270.862,07,82,46768.5%
14 Oct 202671.2871.8771.0371.0871.491,24,10,17054.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
27 Dec 2024Bonus0.3333Holders received 2 bonus shares for every 1 held.
27 Oct 2022Demerger0.7055Part 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 2008Bonus0.3333Holders received 2 bonus shares for every 1 held.
10 Apr 2008Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Amitava Mukherjee
At the end of the quarter to Sep 2026
NSE symbol
NMDC
BSE code
526371
ISIN
INE584A01023
Industry
Minerals & Mining
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