This analysis examines NMDC Ltd. (NMDC) through the lens of its financial statements, valuation metrics, and institutional ownership patterns.
NMDC Revenue Trend
In FY2025, NMDC Ltd. posted revenue of ₹23,901 Cr, up 12.2% from ₹21,301 Cr a year earlier.
On a 10-year view, revenue grew at 6.8% per year from ₹12,356 Cr to ₹23,901 Cr. Respectable, though not in the high-growth bracket.
At ₹23,901 Cr in annual revenue, NMDC Ltd. is one of the major players in the mining space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹23,901 Cr | +12.2% |
| FY2024 | ₹21,301 Cr | +20.6% |
| FY2023 | ₹17,667 Cr | -31.7% |
| FY2022 | ₹25,882 Cr | +68.4% |
| FY2021 | ₹15,370 Cr | — |
View NMDC Ltd.'s full 10-year revenue trend with CAGR analysis →
NMDC Profitability
A 17.3% improvement in net profit took NMDC Ltd.'s bottom line to ₹6,542 Cr in FY2025.
Margins tell a good story: net profit margin moved up to 27.4% from 26.2%.
FY2025 diluted EPS of ₹7.44 was up from the ₹6.34 reported in FY2024.
Is NMDC Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹68 for NMDC Ltd..
NMDC Ltd. shares are currently trading at ₹96.04.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹68 | 29.1% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for NMDC Ltd. with detailed assumptions →
NMDC Shareholding Pattern
A stable promoter holding of 60.8% over 4 quarters suggests the management group is comfortable with its position.
On the foreign institutional side, the holding is 13.6% as of March 2026 — up from 12.2%.
DII ownership is at 13.8%, down from the 14.5% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 60.8% | 13.6% | 13.8% | 11.8% |
| Dec 2025 | 60.8% | 13.5% | 14.1% | 11.7% |
| Sep 2025 | 60.8% | 13.0% | 14.4% | 11.8% |
| Jun 2025 | 60.8% | 12.2% | 14.5% | 12.5% |
Track quarterly shareholding changes for NMDC Ltd. →
NMDC Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹410.07B (up 15.0% YoY from ₹356.61B).
Top categories: Other Assets (52.0%), Receivables (18.9%), Property, Plant & Equipment (18.0%).
Of the ₹410.07B in liabilities and equity, 72.4% is shareholder equity, 10.4% is interest-bearing debt, and 17.1% is operating liabilities. Over the year, debt is up 27.3% and equity is up 15.7%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 884.20M |
| Receivables | 77.45B |
| Inventories | 26.38B |
| Property, Plant & Equipment | 73.72B |
| Investments | 9.75B |
| Intangibles & Goodwill | 8.61B |
| Other Assets | 213.29B |
| Category | Value |
|---|---|
| Equity | 297.07B |
| Short-term Debt | 42.74B |
| Long-term Debt | 19.70M |
| Trade Payables | 3.21B |
| Other Liabilities | 67.02B |
NMDC Stock Analysis
In summary, NMDC Ltd. (NMDC) presents the following picture for fundamental analysts.
Revenue of ₹23,901 Cr in FY2025, up 12.2% year-over-year.
Long-term revenue has been compounding at 6.8% annually over 10 years.
The company is profitable, with a net margin of 27.4% and net income of ₹6,542 Cr.
The P/E Ratio model implies 29.1% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore NMDC Ltd.'s detailed profile on Craytheon.