NMDC Share Price Target 2024, 2025 to 2030 – Market Overview and Performance: This article explores NMDC’s Share Price Target for 2024-2030, analyzing its market performance, stock updates, financial position, shareholding patterns, and competitive landscape. NMDC is a leading player in the Indian mining industry, primarily involved in the extraction of iron ore, along with other minerals such as copper and diamonds. The company’s strategic initiatives, robust infrastructure, and strong presence in the global mining market position it for sustained growth in the coming years.
Overview of NMDC Limited
What is NMDC Limited?
NMDC Limited, formerly known as the National Mineral Development Corporation, is a prominent Indian public sector undertaking engaged in the exploration and extraction of minerals such as iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, and coal. Founded in 1958 and headquartered in Hyderabad, NMDC is a key player in India’s mining sector, contributing significantly to the nation’s mineral production. With subsidiaries such as Legacy Iron Ore Ltd. and the NMDC CSR Foundation, the company continues to expand its operations and contribute to sustainable mining practices.
Key Features of NMDC Limited
- Mining Expertise: Specializes in the exploration and extraction of a wide range of minerals, including iron ore, coal, and diamonds.
- Market Presence: Actively trades on both BSE and NSE, reflecting its strong position in the Indian stock market.
- Subsidiary Support: Subsidiaries such as Legacy Iron Ore Ltd. and NMDC CSR Foundation enhance the company’s operations and focus on corporate social responsibility.
- Financial Performance: Recent share price of ₹238 as of December 6, 2024, reflecting market performance and investor confidence.
- Strategic Impact: NMDC plays a vital role in supplying raw materials for the steel and power sectors in India, contributing to the country’s industrial growth.
Information about NMDC Limited
| Information | Details |
|---|---|
| Website | nmdc.co.in |
| Headquarters | Hyderabad, India |
| Founded | 1958 |
| Founder | Shri Amitava Mukherjee |
| Managing Director & CEO | Yasser Zaghloul |
| Subsidiaries | Legacy Iron Ore Ltd., NMDC CSR Foundation |
| Market Cap | ₹15,721 Cr. (2021 revenue) |
| Number of Employees | 5,630 (2024) |
| BSE Symbol | 526371 |
| NSE Symbol | NMDC |
Current Market Overview of NMDC Limited Share
As of December 2024, NMDC Limited’s share is up by +1.46% today and +3.7% over the past week. It has seen a slight decline of -1.03% in the last month, but gained +13.08% in the past three months and +29.45% in the past year. Over the last three years, the share has risen by +66.9%, and over the past five years, it has surged by +116.01%.
NMDC Limited Share Fundamental Data
- Market Cap: ₹69,792 Cr.
- Current Price: ₹238
- High / Low: ₹286 / ₹180
- Stock P/E: 11.1
- Book Value: ₹96.8
- Dividend Yield: 3.01%
- ROCE: 30.9%
- ROE: 23.9%
- Face Value: ₹1.00
Market Position of NMDC Limited Share as of December 2024
| Time Period | Returns of NMDC Share |
|---|---|
| 1 Day | 1.46% |
| 1 Week | 3.7% |
| 1 Month | -1.03% |
| 3 Months | 13.08% |
| 1 Year | 29.45% |
| 3 Years | 66.9% |
| 5 Years | 116.01% |
NMDC Limited Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
NMDC Limited Share Target in 2024
In 2024, the share target for NMDC Limited is expected to be ₹75.30, reflecting steady performance with moderate growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹75.30 | ₹108.20 |
NMDC Limited Share Target in 2025
For 2025, NMDC’s share target is projected to range between ₹108.20, supported by improved market conditions and operational developments.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹108.20 | ₹132.50 |
NMDC Limited Share Target in 2026
In 2026, the share target for NMDC is estimated to range between ₹132.50, reflecting further growth driven by market dynamics.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹132.50 | ₹156.90 |
NMDC Limited Share Target in 2027
By 2027, NMDC’s share target is projected to be ₹156.90, supported by sustained market confidence and positive industry trends.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹156.90 | ₹172.50 |
NMDC Limited Share Target in 2028
In 2028, the share target for NMDC is expected to be ₹172.50, reflecting continued growth and investor optimism.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹172.50 | ₹204.90 |
NMDC Limited Share Target in 2029
For 2029, NMDC’s share target is projected to reach ₹204.90, driven by enhanced operational efficiency and market expansion.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹204.90 | ₹256.00 |
NMDC Limited Share Target in 2030
By 2030, the share target for NMDC is estimated to range between ₹256.00, supported by long-term growth potential and strategic initiatives.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹256.00 | ₹256.00 |
Financial Health and Performance Analysis of NMDC Limited (FY 2020 – FY 2024)
NMDC Limited Financials: Revenue (FY 2020 – FY 2024)
| Year | Total Revenue (₹ Cr) | Total Revenue Growth (%) |
|---|---|---|
| FY 2024 | 22,678.73 | 23.02 |
| FY 2023 | 18,435.10 | -30.70 |
| FY 2022 | 26,600.25 | 69.19 |
| FY 2021 | 15,721.66 | 28.72 |
| FY 2020 | 12,213.58 | -4.14 |
NMDC Limited Financials: Assets (FY 2020 – FY 2024)
| Year | Total Assets (₹ Cr) | Total Assets Growth (%) |
|---|---|---|
| FY 2024 | 35,661.03 | 26.24 |
| FY 2023 | 28,247.71 | -37.02 |
| FY 2022 | 44,851.57 | 21.45 |
| FY 2021 | 36,929.80 | 18.01 |
| FY 2020 | 31,294.43 | 4.69 |
NMDC Limited Financials: Cash Flow (FY 2020 – FY 2024)
| Year | Net Cash Flow (₹ Cr) |
|---|---|
| FY 2024 | 16.39 |
| FY 2023 | -27.60 |
| FY 2022 | -342.68 |
| FY 2021 | 358.53 |
| FY 2020 | 59.90 |
NMDC Limited Financials: Key Ratios (FY 2020 – FY 2024)
| Year | Return on Equity (%) | Return on Capital Employed (%) | Return on Assets (%) |
|---|---|---|---|
| FY 2024 | 21.73 | 30.49 | 15.63 |
| FY 2023 | 24.76 | 26.96 | 19.82 |
| FY 2022 | 26.80 | 34.32 | 20.91 |
| FY 2021 | 21.00 | 28.38 | 16.99 |
| FY 2020 | 12.91 | 21.81 | 11.41 |
Analysis Summary
- Revenue Growth: NMDC’s revenue growth improved significantly by 23.02% in FY 2024 after the negative growth of -30.70% in FY 2023. This reflects a strong recovery following a difficult year.
- Asset Growth: The company’s total assets increased by 26.24% in FY 2024, rebounding from a decline of -37.02% in FY 2023, indicating a solid recovery in its asset base.
- Cash Flow: The company reported a positive cash flow of ₹16.39 Cr in FY 2024, a significant improvement compared to the negative cash flow in FY 2023 (-₹27.60 Cr), showcasing better liquidity management.
- Profitability Ratios:
- Return on Equity (ROE) decreased slightly to 21.73% in FY 2024, down from 24.76% in FY 2023, but it still reflects healthy profitability for shareholders.
- Return on Capital Employed (ROCE) increased to 30.49% in FY 2024, indicating better capital efficiency compared to 26.96% in FY 2023.
- Return on Assets (ROA) decreased to 15.63% in FY 2024, down from 19.82% in FY 2023, reflecting a slight decline in asset utilization but still maintaining strong overall performance.
How to Buy NMDC Shares
- Choose a Broker: Select a reputable brokerage platform such as Zerodha, Upstox, Angel One, ICICI Direct, or HDFC Securities that provides access to NMDC shares.
- Open a Trading Account: Open a Demat and trading account with your chosen broker using platforms like Kite (Zerodha), Upstox Pro, or Angel Broking app.
- Complete KYC: Submit the necessary documents for Know Your Customer (KYC) verification, including proof of identity, address, and PAN card.
- Deposit Funds: Transfer funds into your trading account to facilitate the purchase of shares.
- Search for the Company Shares: Find NMDC shares by searching for its name or ticker symbol.
- Place an Order: Choose the number of shares you wish to buy and place either a market or limit order, depending on your preference.
- Confirm Purchase: Review your order details carefully and confirm the transaction to complete the purchase.
NMDC Limited Share Price Target for the Next 5 Years
NMDC Limited is expected to see sustained growth over the next few years, driven by positive market conditions and operational improvements. Below are the share price targets for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹75.30 | ₹108.20 |
| 2025 | ₹108.20 | ₹132.50 |
| 2026 | ₹132.50 | ₹156.90 |
| 2027 | ₹156.90 | ₹172.50 |
| 2028 | ₹172.50 | ₹204.90 |
Shareholding Pattern of NMDC Limited
Promoters:
- No. of Shares: 1,78,16,33,571
- Percentage: 60.79%
- % Change QoQ: 0.00%
Pledge:
- No. of Shares: 0
- Percentage: 0.00%
- % Change QoQ: 0.00%
FII (Foreign Institutional Investors):
- No. of Shares: 36,92,33,842
- Percentage: 12.60%
- % Change QoQ: -0.16%
DII (Domestic Institutional Investors):
- No. of Shares: 41,00,43,234
- Percentage: 13.99%
- % Change QoQ: -0.24%
MF (Mutual Funds):
- No. of Shares: 18,40,39,505
- Percentage: 6.28%
- % Change QoQ: -0.12%
Others:
- No. of Shares: 36,96,95,203
- Percentage: 12.62%
- % Change QoQ: 0.40%
Pros and Cons of NMDC Limited
Pros:
- Strong promoter holding, ensuring control and stability.
- Significant institutional investment from FIIs, DIIs, and mutual funds, indicating strong market confidence.
- Positive contribution from “Others,” showing diversified shareholding and external investor support.
Cons:
- Decrease in institutional investor stakes, which may reflect reduced market enthusiasm.
- Relatively high reliance on promoter holding for governance and control.
- Potential volatility in shareholding patterns due to fluctuating institutional investments.
Peer Competitors of NMDC Limited in the Mining & Mineral Sector
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Coal India | 419.40 | 258,464.87 |
| Vedanta | 488.70 | 191,100.63 |
| NMDC | 238.15 | 69,792.35 |
| Lloyds Metals | 1,043.00 | 54,529.21 |
| KIOCL | 384.10 | 23,343.74 |
| G M D C | 363.90 | 11,572.02 |
| Sandur Manganese | 533.00 | 8,636.50 |
(FAQ)
1. What is the current share price of NMDC Limited?
The current share price of NMDC Limited is ₹238.15.
2. What is the market capitalization of NMDC Limited?
The market capitalization of NMDC Limited is ₹69,792.35 Crore.
3. What sectors does NMDC Limited operate in?
NMDC Limited operates in the Mining and Minerals sector.
4. How does NMDC Limited compare to its peers in the mining sector?
NMDC’s share price and market capitalization are competitive when compared to other players like Coal India, Vedanta, and Lloyds Metals. NMDC’s share price stands at ₹238.15, while Coal India has a share price of ₹419.40 and market cap of ₹258,464.87 Crore.
5. How is the performance of NMDC Limited?
NMDC has shown steady performance with a Price-to-Earnings (P/E) ratio of 11.14 and Return on Capital Employed (ROCE) of 30.91%. It also has a quarterly sales variance of 22.54%, reflecting stable growth in the mining sector.
6. Can I invest in NMDC Limited shares?
Yes, you can invest in NMDC Limited shares by opening a trading and Demat account with a registered broker or through a brokerage platform.
7. Where is NMDC Limited listed?
NMDC Limited is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India.
8. What factors influence NMDC Limited’s share price?
Factors like global demand for minerals, government policies, market conditions, and performance of peer companies in the mining sector can influence NMDC’s share price.
9. What are NMDC Limited’s dividend yields?
NMDC Limited has a dividend yield of 3.01%, providing investors with consistent returns.
10. What is the future outlook for NMDC Limited?
NMDC Limited is expected to experience steady growth driven by increased demand for mining products, favorable government policies, and its expansion efforts.
