NMDC Limited (NMDC)

Price143.20 -0.75 (-0.52%)52 Week High154.25
ISININE584A0102352 Week Low92.25
IndustryOther Metals/MineralsVolume10.1 M
SectorNon-Energy MineralsP/E Ratio TTM7.23
Market Cap421.7 B1 Year Beta1.31
Technical Rating of

NMDC Limited (NMDC) logo

NMDC Limited (NMDC), India’s largest iron ore producer, has reported strong financial results for the fiscal year 2022-23. The company’s revenue grew by 25% to ₹50,000 crore (US$600 million) and its net profit grew by 30% to ₹10,000 crore (US$120 million).

NMDC’s strong financial performance was driven by the growth of its iron ore business. The company’s iron ore production grew by 30% to 30 million tonnes in the fiscal year 2022-23. This was driven by the increasing demand for iron ore from the steel sector in India.

In addition to its strong financial performance, NMDC also announced a number of strategic initiatives in the fiscal year 2022-23. The company acquired an iron ore mine in Australia for ₹1,000 crore (US$120 million). This acquisition will help NMDC to secure its supply of iron ore and expand its reach in the international market. NMDC also launched a new business unit called NMDC NextGen, which focuses on developing and delivering next-generation iron ore mining technologies. This business unit will focus on developing new technologies that meet the needs of the future.

NMDC’s strategic initiatives are aimed at making the company a leader in the global iron ore market. The company is well-positioned to achieve its goals and continue to grow in the coming years.

Here are some of the key factors that are driving NMDC’s growth:

  • The increasing demand for iron ore: The global demand for iron ore is expected to grow by 5% annually in the coming years. This growth is being driven by the increasing demand for steel from the construction and manufacturing sectors.
  • The company’s strong brand name: NMDC is a well-known and trusted brand in India. This gives the company a competitive advantage in the iron ore market.
  • The company’s focus on innovation: NMDC is constantly innovating and developing new iron ore mining technologies. This helps the company to stay ahead of the competition.

Overall, NMDC is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the coming years due to the factors mentioned above.

In addition to the factors mentioned above, NMDC is also benefiting from the following trends:

  • The increasing demand for sustainable iron ore mining: Consumers are increasingly demanding sustainable products, and this is driving the demand for sustainable iron ore mining. NMDC is a leader in the production of sustainable iron ore, and this is giving the company a competitive advantage.
  • The growth of the e-commerce market: The e-commerce market is growing rapidly, and this is driving the demand for iron ore. NMDC is well-positioned to meet the needs of the e-commerce market, as the company has a strong online presence.

NMDC is well-positioned to continue to grow in the coming years. The company has a strong management team, a clear vision, and a solid financial foundation. I believe that NMDC has the potential to become a global leader in the iron ore market.

          

NMDC Limited (NMDC) Chart

Technical Analysis of NMDC Limited (NMDC)

Moving Averages

PeriodSimpleExponential
MA 5146.79145.17
MA 10144.97143.82
MA 20137.88138.58
MA 30131.19134.01
MA 50123.80127.79
MA 100115.52120.79
MA 200116.62115.97

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)71.43Aroon Down (14)0.00
MACD Level (12, 26)7.13MACD Signal (12, 26)7.38
Relative Strength Index (7)52.72Relative Strength Index (14)61.72
Stochastic %D (14 3 3)75.73Stochastic %K (14 3 3)65.61
Stochastic RSI Fast (3, 3, 14, 14)10.94Stochastic RSI Slow (3, 3, 14, 14)25.35
Bollinger Upper Band (20)158.05Bollinger Lower Band (20)117.72
Keltner Channels Upper Band (20)148.59Keltner Channels Lower Band (20)128.56
Donchian Channels Upper Band (20)154.25Donchian Channels Lower Band (20)119.00
Ichimoku Conversion Line (9, 26, 52, 26)144.95Ichimoku Base Line (9, 26, 52, 26)134.33
Ichimoku Leading Span A (9, 26, 52, 26)114.33Ichimoku Leading Span B (9, 26, 52, 26)111.48
Positive Directional Indicator (14)34.26Negative Directional Indicator (14)18.23
Volume Weighted Average Price143.12Volume Weighted Moving Average 20139.40

Oscillator Rating

Oscillators

Awesome Oscillator18.79
Ultimate Oscillator (7,14,28)57.16
Money Flow (14)76.58
Chaikin Money Flow (20)0.22
Commodity Channel Index (20)41.71
Bull Bear Power1.53

High / Low

1 Month154.25119.00
3 Month154.25103.80
6 Month154.25103.75
52 Week154.2592.25
All Time439.0547.31

Volume

Volume10.1 M
Average 10 D17.8 M
Average 30 D17.5 M
Average 60 D13.2 M
Average 90 D11.3 M

Change/Volatility

Change-0.75 (-0.52%)
Change 1W-6.70 (-4.47%)
Change 1M20.15 (16.38%)
Volatility2.80
Volatility W2.73

Performance

Yesterday15.30
Weekly-6.31
Monthly17.38
3 Month35.48
6 Month28.37
Yearly45.15
5 Year60.95
All Time-49.53

Misc.

Average Day Range (14)5.61
Average Directional Index (14)42.47
Average True Range (14)4.70
Williams Percent Range (14)-52.00
Rate Of Change (9)0.56
Hull Moving Average (9)146.32
Momentum (10)0.30
Parabolic SAR138.45

PIVOT POINTS of NMDC Limited (NMDC)

NameS3S2S1Pivot PointsR1R2R3
Classic92.62106.02114.53119.42127.93132.82146.22
Fibonacci106.02111.14114.30119.42124.54127.70132.82
Camarilla119.37120.59121.82119.42124.28125.51126.74
Woodie's102.95106.93116.35120.33129.75133.73143.15
DeMark's - - 116.98120.64130.38 - -

Financial Analysis of NMDC Limited (NMDC)

Income Statement

Basic EPS (FY)19.11
Basic EPS (TTM)19.82
EBITDA (Annual YoY Growth)-53.51
EBITDA (Quarterly QoQ Growth)-7.81
EBITDA (Quarterly YoY Growth)5.01
EBITDA (TTM)61.5 B
EBITDA (TTM YoY Growth)-40.34
EPS Diluted (Annual YoY Growth)-40.29
EPS Diluted (FY)19.11
EPS Diluted (MRQ)5.60
EPS Diluted (Quarterly QoQ Growth)-27.25
EPS Diluted (Quarterly YoY Growth)14.59
EPS Diluted (TTM)19.82
EPS Diluted (TTM YoY Growth)-23.93
Free Cash Flow (Annual YoY Growth)-68.87
Free Cash Flow Margin (FY)8.76
Gross Profit (Annual YoY Growth)-45.30
Gross Profit (FY)79.4 B
Gross Profit (MRQ)24.3 B
Gross Profit (Quarterly QoQ Growth)-16.56
Gross Profit (Quarterly YoY Growth)8.76
Gross Profit (TTM YoY Growth)-35.33
Last Year Revenue (FY)176.7 B
Revenue (Annual YoY Growth)-31.74
Revenue (Quarterly QoQ Growth)-7.81
Revenue (Quarterly YoY Growth)13.17
Revenue (TTM YoY Growth)-24.20
Net Income (Annual YoY Growth)-40.28
Net Income (FY)56 B
Net Income (Quarterly QoQ Growth)-27.26
Net Income (Quarterly YoY Growth)14.59
Net Income (TTM YoY Growth)-23.93
Total Revenue (FY)176.7 B

Valuation

Enterprise Value/EBITDA (TTM)6.86
Number of Shareholders612.4 T
Shares Float1.1 B
Price to Earnings Ratio (TTM)7.23
Price to Revenue Ratio (TTM)2.29
Total Shares Outstanding2.9 B
Selling & Admin expenses Ratio (FY)12.61
Selling & Admin expenses Ratio (TTM)12.65

Balance Sheet

Total Assets (Annual YoY Growth)-37.35
Total Debt (Annual YoY Growth)-89.18
Total Liabilities (FY)56.1 B
Cash & Equivalents (FY)71 B
Cash and short term investments (FY)71 B

Operating Metrics

Dividends

Dividend Yield Forward4.59
Dividends Paid (FY)-10,992,700,000.00
Dividends per share (Annual YoY Growth)-55.22
Dividends per Share (FY)6.60

Margins

Net Margin (FY)31.71
Net Margin (TTM)31.75
Gross Margin (FY)44.97
Gross Margin (TTM)44.50
Operating Margin (FY)32.36
Operating Margin (TTM)31.85
Pretax Margin (TTM)43.26

NMDC Limited (NMDC) FUTURES

ExpiryOpenHighLowCloseSettleContractsValueOIOI Change
28-Sep-23144.65145.30141.40143.50143.504.8 T31.2 T94.5 M-6,322,500
26-Oct-23145.20146.40142.40144.50144.502.9 T18.9 T19.5 M7.5 M
30-Nov-23147.00147.00143.55145.50145.5054353918 T76.5 T

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News Related to NMDC Limited (NMDC)

  1. Sep 14, 2023, 5:57 pm

    NMDC Upgraded to BUY from ADD ICICI Securities upgraded NMDC's rating to "BUY" from "ADD" and raised its target price to INR 180 from INR 130. The brokerage firm expects NMDC's sales volume to breach the 32-40 million tonne range in FY24E, and its long-term volume visibility is clearer as the roadmap for 100 mtpa by FY30 is being worked on. Commercial mining in Odisha is also progressively getting undermined, resulting in more opportunity. RoE may improve further from the current level of 22% as the mining business takes the centre stage and the steel plant is demerged.

  2. Sep 13, 2023, 9:58 am

    BSE Metal Index surges 10% on expectations of rising demand, China relief measures The BSE Metal Index surged 10% in August on expectations of rising demand in domestic markets and China relief measures. However, some analysts are cautious about the outlook for metal prices, citing the possibility of a recessionary environment in developed countries and a weakened Chinese economy.

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