NMDC Steel Ltd (NMDC Steel) is one of the newly listed companies on the stock exchange. The company has been trading above fifty rupees on the stock exchange since mid-December, 2023. While few investors have made money by investing in the stock on the exchange, the company has gone through several ups and downs.
NMDC Steel Limited is part of the Ministry of Steel. The Government of India holds a 60.8 percent stake in this company. In this article, we will analyze the quarterly financial results of NMDC Steel and provide NMDC Steel Share price Target 2025.
NMDC Steel Latest News
- NMDC steel share price target is marginally down by 1.89 % on the NSE. NMDC Steel is a new entrant in the stock market and its stock has been performing well for its shareholders over the past half year of trading on NSE.
- In March this year, NMDC steel Ltd signed an agreement with the University, Hyderabad, to work towards the development of green steel and to develop a technology to directly exploit low grade iron ore mines for the process of ironmaking. The agreement also included the development of a technology for the utilization of mine waste and exploration of other technical areas.
NMDC Steel Share Price Target 2021-23
| Year | Maximum Target | MinimumTarget |
| 2021 | ||
| 2022 | ||
| 2023 | Rs 57.45 | Rs 31.05 |
(NMDC steel share price prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment)
NMDC Steel Share Price Target 2024
| Month (2024) | Maximum Target | MinimumTarget |
| January | ||
| February | ||
| March | ||
| April | ||
| May | Rs 66.72 | Rs 52.21 |
| June | Rs 73.70 | Rs 51.60 |
| July | Rs 79.80 | Rs 51.21 |
| August | Rs 81.89 | Rs 61.22 |
| September | Rs 87.89 | Rs 61.35 |
| October | Rs 91.90 | Rs 61.30 |
| November | Rs 98.00 | Rs 61.31 |
| December | Rs 109.01 | Rs 71.32 |
(Expert Advice is recommended before making any investment-related commitment)
NMDC steel share price target 2025
| Month (2025) | Maximum Target | MinimumTarget |
| January | Rs 116.11 | Rs 71.48 |
| February | Rs 126.22 | Rs 81.42 |
| March | Rs 132.22 | Rs 81.46 |
| April | Rs 139.33 | Rs 81.44 |
| May | Rs 145.14 | Rs 91.55 |
| June | Rs 157.44 | Rs 91.55 |
| July | Rs 163.54 | Rs 91.55 |
| August | Rs 168.65 | Rs 91.56 |
| September | Rs 175.65 | Rs 101.66 |
| October | Rs 186.76 | Rs 101.66 |
| November | Rs 194.86 | Rs 101.67 |
| December | Rs 200.87 | Rs 101.67 |
(Expert Advice is recommended before making any investment-related commitment)
NMDC Steel Share Price Target 2026 to NMDC steel share price target 2030
| Year | Maximum Target | Minimum Target |
|---|---|---|
| 2026 | Rs 295.03 | Rs 121.70 |
| 2027 | Rs 386.04 | Rs 145.28 |
| 2028 | Rs 475.49 | Rs 168.20 |
| 2029 | Rs 568.25 | Rs 199.20 |
| 2030 | Rs 695.00 | Rs 225.01 |
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment
NSLNISP: NSE Financials 2023
NMDC Steel Market Capitalisation: 18,272.33 Crores INR
NMDC Steel Reserves and Borrowings: 22,039.24 Cr INR and 0.00 Cr INR (March 2023) Respectively
NMDC Steel 52 Week High-Low: Rs 73.25 – Rs 36.10
NMDC Steel Ltd Financials Q4 FY23
| Revenue | 9.26 Billion INR | |
| Operating expense | 7.17 Billion INR | |
| Net Income | -5.68 Million INR | |
| Net Profit Margin | -61.39 | |
| Earnings Per Share | ||
| EBITDA | -5.98 Billion INR | |
| Effective Tax Rate | 24.54% | |
| Total Assets | ||
| Total Liabilities | ||
| Total Equity | 169.17 Billion INR | |
| Return on assets | ||
| Return on Capital | -7.18% | |
| P/E Ratio | ||
| Dividend Yield |
NMDC Steel LTD Competitors (Market Cap: 18,272.24 crores INR)
- JSW Steel Market Cap: 215,737.95 crores INR
- Tata Steel Market Cap: 205,978.27 crores INR
- Hindalco Market Cap: 144,810.63 crores INR
- Jindal Steel Market Cap: 94,832.49 crores INR
Points to consider before investing in NMDC Steel NSE Stock
NMDC Steel is one of the new stocks on the stock exchange compared to the big players in the steel industry. Even though the company was incorporated in 2021, the market capitalisation of NMDC Steel Ltd is already higher than that of the big players like TATA steel, JSW steel, Hindalco, etc. The market cap of NMDC Steel is higher than Rs 18,000 crore and will continue to increase. The immediate objective of the NFL ISP company will be to increase its market valuation to Rs 50,000 crore. However, the steel industry in India is very competitive and it will be difficult for NMDC steel Ltd to scale up in terms of business growth and operational efficiency.
NMDC Steel Ltd is expected to break even in the first quarter, FY25, according to the statement made by the Chairman and Managing Director of NMDC Steel, Mr.Amitva Mukherjee. Recently in January 2024, NMDC Steel Ltd went under an expansion ramp up to 1 lakh tonne, which is an increase of nearly 50 per cent compared to its previous capacity of 63,000-65,000 tonnes.
The objective is to reach around 5000 coils per day as this increase in capacity will result in a break even situation for the company.
NMDC quarterly results shows that the company’s revenue in Q4 FY23 was Rs 9.26 Bn as compared to Rs 2.77 Bn in Q3 FY23. The company’s revenue in the second quarter of FY23 was Rs 1.39 Bn. This indicates that the company’s growth rate is high. However, the true story lies in the company’s net income number. The company’s net income has shown a negative trend in the last four quarters, i.e. Rs-655.50 Bn in the second quarter, Rs-1.31 Bn in the third quarter, and Rs-5.68 Bn in the fourth quarter of FY23. NMDC Steel India’s Q4 FY23 results show that it has registered a 100% increase in its net income year-on-year, i.e., Rs 2.09 ML as compared to Rs-36.48 ML in the third quarter of FY22. This is an indication of the operational efficiency of this steel company during the qua
Conclusion
NMDC Steel share price history is a bit immature on the stock market. NMDC Steel share price was listed on the NSE in February 2023 at Rs 31 per share. Since then, the share price of NMDC Steel has gone up from Rs 31 in February to Rs 64.75 in 24 months. On February 2, 2024, the NMDC Steel Share price reached its highest trajectory of Rs 70.90 in 24 months. The stock has remained quite stable since then.
Investors should not be too disappointed with the stock performance of NMDC Steel on the stock market as the new company is constantly burning cash. Regarding the profitability of NMDC Steel, the company’s CFO, Mr. Mitra Mukherjee said, “We expect to break even in the first six months of 2025.”
Even so, the NMDC Steel share price target for the next couple of years is likely to continue to increase on NSE and new investors may want to take advantage of this opportunity. However, expert advice is advised to investors, especially new ones, to reduce the risks associated with the stock, such as market instability and incidents. India Property Dekho strongly recommends investors to thoroughly research and analyze the stock and associated risk factors.
The NMDC steel share price prediction 2025 is estimated to be Rs 71 to Rs 200, while the price target for 2026 is Rs 295 to Rs 121. The NMDC steel share price prediction 2030 is expected to be Rs 695 to Rs 225. The NSE steel share price target 2024 is expected to be between Rs 52 to Rs 109. The price forecast for 2025 is expected to remain within the Rs 71-Rs 200 range, while the price forecast for 2030 is projected to be within the Rs 695-Rs 225 range. The NMDC steel price target for 2027 is Rs 386 to Rs 145, while the price estimate for 2028 is Rs 475 to Rs 168, and the price forecast for 2029 is Rs
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