NMDC Ltd Share Price – NSE /  BSE

Mining & Mineral products, Small Cap

NMDC announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 December 2024 .

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NMDC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 221.97, down 1.24% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.NMDC Ltd has lost around 6.36% in last one month.Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has eased around 10.64% in last one month and is currently quoting at 9078.5, down 2.5% on the day. The volume in the stock stood at 110.5 lakh shares today, compared to the daily average of 125.01 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 222.09, down 1.27% on the day. NMDC Ltd jumped 30.72% in last one year as compared to a 20.25% rally in NIFTY and a 30.31% spurt in the Nifty Metal index.

The PE of the stock is 10.66 based on TTM earnings ending June 24.

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Profit before tax (PBT) increased 14.97% YoY to Rs 1614.21 crore in Q2 FY25.

Total expenses jumped 25.06% to Rs 3665.47 crore in Q2 FY25 as compared with Rs 2930.95 crore in Q2 FY24. Consumption of raw materials stood at Rs 3.51 crore (down 3.31% YoY), employee benefit expenses stood at Rs 418.84 crore (up 6.63% YoY), royalty and other levies was at Rs 1,750.39 crore (up 16.3% YoY), finance cost stood at Rs 29.09 crore (up 56.4% YoY) during the period under review.

Meanwhile, the company’s board has approved the bonus issue in the proportion of 2 bonus equity shares for every one equity share held (2:1), as on the record date, subject to approval of shareholders of the company.

Further, the board has approved to increase authorized share capital of the company from Rs 400 crore divided into 400,00,00,000 equity shares of Rs 1/- each; to Rs 1,000 crore divided into 1000,00,00,000 equity shares of Rs 1/- each, subject to requisite approvals.

NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of September 2024, the Government of India held 60.79% stake in the firm.

The counter declined 3.54% to Rs 224.70 on the BSE.

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Net profit of NMDC rose 18.06% to Rs 1211.57 crore in the quarter ended September 2024 as against Rs 1026.24 crore during the previous quarter ended September 2023. Sales rose 22.54% to Rs 4918.91 crore in the quarter ended September 2024 as against Rs 4013.98 crore during the previous quarter ended September 2023.

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