NMDC Steel Limited

NMDC Steel Limited (NSLNISP) is a small-cap Metals & Mining company valued at ₹11,778 crore operating in Iron & Steel on the NSE and BSE.

Recent price move

NMDC Steel Limited last traded at ₹40.28, modestly up 1.33% on the day.

Recent developments

On 2026-10-15, NMDC Steel's share price rose more than 6% following a broad rally in Indian equities and improved sentiment in the steel sector. The company also appointed Sarita Chauhan as a new executive, which may signal management changes or strategic direction shifts.

Financial performance

The company's annual revenue rose 60.4% to ₹13,642 crore, while annual net profit swung from a loss of ₹2,374 crore to a profit of ₹59 crore. The latest quarter saw revenue increase 8.8% to ₹3,662 crore and net profit jump 97.6% to ₹51 crore, reflecting improved profitability compared to the same quarter a year earlier.

Valuation multiples

The stock trades at 201.4 times earnings, 0.98 times book value.

Things to watch

The stock is 25.1% below its 52-week high, indicating a significant pullback from recent peak levels. Net profit margin improved 28.3 percentage points to 0.4%, but return on equity remains at 0.4%, suggesting limited efficiency in generating returns from equity. The company's return on capital employed is 3.2%, which is low compared to industry benchmarks.

Where it stands

NMDC Steel Limited's business has shown strong revenue growth and a return to profitability in the latest quarter, with net profit rising sharply. The stock's recent price surge contrasts with its current position below the 52-week high, highlighting volatility. The company's low return on capital employed and weak return on equity suggest ongoing challenges in converting capital into profits.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.