N

NMDC Steel Ltd.

NSLNISPNSE
Market snapshot · 2026-08-11 04:44 UTC

44.39

₹-0.28 (-0.63%)

MARKET CAP

₹13.01K Cr

STOCK P/E

211.4x

52W HIGH

₹53.75

52W LOW

₹33.01

BOOK VALUE

₹45.04

EPS

₹0.21

ROE

0.45%

SECTOR

Materials

DEBT/EQUITY

35.02

VOLUME

5.51L

P/B RATIO

0.99x

PEG RATIO

Sector

Materials

Themes

Iron & SteelPresident of India Portfolio
₹49.96₹46.10₹42.25₹38.39₹34.53VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

NMDC Steel is an Indian steel manufacturer selling hot-rolled coils, sheets, plates, and welded steel pipes. Its products serve infrastructure, construction, automotive, energy, oil and gas, and engineering customers. The portfolio also includes structural and silicon steel, pig iron, LPG-cylinder grades, and specialized boiler, pressure-vessel, cold-rolling, and HSLA grades. Revenue increased 60.4% year-on-year, while profit rose 102.5%; however, no major recent development identifies a clear operating catalyst. Improving margins support earnings growth, but ROE remains exceptionally low at 0.5%. Debt-to-equity of 35.02 creates substantial leverage pressure, limiting the quality of reported profit and amplifying balance-sheet risk. At 219.2 times earnings, the shares appear richly valued and trade at a steep premium to current profitability. Neutral sentiment reflects the unresolved question of whether utilization, margins, and returns can improve enough to justify this valuation.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for NSLNISP.

Coverage check

Price Forecast

Current
₹44.39
High Target
Median Target
Low Target
Now₹44.39Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹35.03 - ₹59.8080%
6M₹32.34 - ₹68.8980%
12M₹29.40 - ₹85.6780%
Realized vol: +41.7% · Drift: +21.0%

Revenue Forecast

₹ Cr
Mar '26Current₹3,879.0
Sep 2026 ETrend estimate range
High₹5,491.8Base₹5,085.0Low₹4,678.2
Jun '25: ₹3,365.0 · Sep '25: ₹3,390.0 · Dec '25: ₹3,008.0 · Mar '26: ₹3,879.0 · Sep '26: ₹5,085.0 · Dec '26: ₹4,512.0
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E3,365.03,390.03,008.03,879.05,085.04,512.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹1.34
Sep 2026 ETrend estimate range
High₹-0.47Base₹-0.42Low₹-0.37
Jun '25: ₹0.09 · Sep '25: ₹-0.39 · Dec '25: ₹-0.83 · Mar '26: ₹1.34 · Sep '26: ₹-0.42 · Dec '26: ₹-0.90
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E0.09-0.39-0.831.34-0.42-0.90
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
52%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Weakening

Fundamentals institutional score is 42 using EVA spread proxy -11.6%; growth durability 100.0.

Valuation

Fairly valued

Valuation institutional score is 50 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Mixed Momentum

Technicals institutional score is 65 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Mixed. technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedTechnical Structure Mixed Momentum

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score65%
Fundamental Score42%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 1.3% above historical median. Valuation is rising — currently in the undervalued zone (z-score: -0.26). Confidence: 82%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Undervalued

5Y Average

218.13

Current

211.38

Overvalued

249.28

Undervalued

192.46

EV/EBITDA
Undervalued

5Y Average

11.47

Current

11.12

Overvalued

12.88

Undervalued

10.19

P/B
Fair

5Y Average

0.92

Current

0.99

Overvalued

1.06

Undervalued

0.78

Peers & Comparison

Sector: Materials · Theme: Iron & Steel

Iron & Steel Peers8 peers
Avg P/E: 201.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
KIOCL LIMITED
KIOCLIron & Steel
-10.6%2.7%
1402.3x
Premium
+595% vs avg
+16.8%
GODAWARI POW & ISP LTD
GPILIron & Steel
+34.8%13.9%
19.0x
Undervalued
-91% vs avg
+19.6%
GALLANTT ISPAT LIMITED
GALLANTTIron & Steel
11.1%
30.5x
Undervalued
-85% vs avg
-23.7%
LLOYDS ENTERPRISES LTD
LLOYDSENTIron & Steel
+47.1%16.1%
46.0x
Undervalued
-77% vs avg
+20.3%
JAYASWAL NECO INDUSTR LTD
JAYNECOINDIron & Steel
+27.7%7.4%
15.9x
Undervalued
-92% vs avg
+54.0%
JAI BALAJI INDUSTRIES LTD
JAIBALAJIIron & Steel
+9.8%2.2%
46.3x
Undervalued
-77% vs avg
-34.2%
BANSAL WIRE INDUSTRIES L
BANSALWIREIron & Steel
+24.4%3.2%
36.0x
Undervalued
-82% vs avg
-9.4%
+10.5%7.4%
18.5x
Undervalued
-91% vs avg
+2.7%
WHY THESE PEERS

NMDC STEEL LIMITED trades in line with peers (212.2x vs avg 201.8x), reflecting a fair valuation within the Iron & Steel cohort. Peers include KIOCL LIMITED, GODAWARI POW & ISP LTD, GALLANTT ISPAT LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.88K CrMar 2026

Latest net profit

₹392 CrMar 2026

Latest EPS

₹1.34Mar 2026

Net margin

21.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26-10.0%0.0%10.0%20.0%30.0%-1.50K Cr0.00 Cr1.50K Cr3.00K Cr4.50K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr₹-2₹-1₹0₹1₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-10.00K Cr0.00 Cr10.00K Cr20.00K Cr30.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +002779261,8462,0231,5222,1202,8383,3653,3903,0083,879
Expenses +003501,3352,8012,4241,9632,7763,1292,9583,1832,9103,073
Operating Profit00-72-409-956-401-441-656-29140820798806
OPM %-26%-44%-52%-20%-29%-31%-10%12%6%3.2%21%
Other Income +001316902113181920211926
Interest004113415515316116517213412812896
Depreciation0075226252239240253221258283252249
Profit before tax00-175-753-1,273-772-829-1,056-66436-183-264486
Tax %-25%-25%-32%-29%-28%-28%-29%29%-37%-8%19%
Net Profit +00-131-568-861-547-595-758-47326-115-244392
EPS in Rs0.000.00-0.45-1.94-2.94-1.87-2.03-2.59-1.620.09-0.39-0.831.34
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +60.79%60.79%60.79%60.79%60.79%
FIIs +4.67%5.13%4.81%4.85%5.48%
DIIs +15.90%15.34%15.67%15.85%15.78%
Public +18.63%18.75%18.72%18.50%17.93%
Others0.01%0.01%0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Board Meeting Intimation for Unaudited Financial Results Of The Company For Quarter Ended 30Th June 2026.

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Jul 30, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Jul 19, 2026PDFCompany Reports Open

Receipt Of Communication From Ministry Of Steel, Government Of India Regarding Appointment Of Shri Vivek Nishant Nath As Director (Commercial) On The Board.

Jul 15, 2026PDFCompany Reports Open

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Jul 07, 2026PDFCompany Reports Open