NMDC Share Price Target for 2024, 2025, 2026, 2027, 2028
National Mineral Development Corporation (NMDC) is an Indian public sector enterprise under the Ministry of Steel, Government of India. It is the single largest producer of iron ore in India. The company owns and operates highly mechanized iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.
NMDC was incorporated in 1958 with the objective of mining and processing iron ore, and other minerals, for the benefit of the country. The company has a long and illustrious history of growth and development. It has played a pivotal role in the development of the Indian steel industry.
NMDC is a socially responsible company that is committed to sustainable development. The company has taken several initiatives to protect the environment and promote the welfare of the communities in which it operates.
NMDC is a leading player in the Indian iron ore industry. The company has a strong track record of profitability and is well-positioned for future growth. NMDC is also committed to sustainability and social responsibility.
NMDC Overview
AttributeValueNameNational Mineral Development Corporation (NMDC)IndustryMiningHeadquartersHyderabad, TelanganaWebsitehttps://www.nmdc.co.in/Founded1958ProductsIron ore, diamonds, coal, limestone, dolomiteEmployees12,000 (approx.)Revenue₹16,246 crore (2022–23)Profit₹4,306 crore (2022–23)
NMDC Products
Product CategorySpecific ProductsIron OreLump ore, fines, pelletsDiamondsRough diamonds, processed diamondsCoalCoking coal, non-coking coalLimestoneFlux-grade limestone, cement-grade limestoneDolomiteRefractory-grade dolomite, chemical-grade dolomite
NMDC Awards and Recognition
AwardYearMini Ratna StatusConferred by the Department of Public Enterprise, Government of IndiaCentre of ExcellenceR&D Centre accredited as a “Centre of Excellence” in the field of mineral processing by the Expert Group of United Nations Industrial Development Organisation (UNIDO)Ispat Rajbhasha AwardReceived the “Ispat Rajbhasha Award” for outstanding performance in the use of Hindi in official workNational Energy Conservation AwardReceived the “National Energy Conservation Award” for outstanding energy efficiency measuresBest CSR Practices AwardReceived the “Best CSR Practices Award” from the CSR Asia for its CSR initiativesGolden Peacock Award for Innovation and SustainabilityReceived the “Golden Peacock Award for Innovation and Sustainability”SCOPE Sustainability AwardReceived the “SCOPE Sustainability Award” for its sustainability practicesDun & Bradstreet’s India’s Largest CompaniesRanked among the “India’s Largest Companies” by Dun & Bradstreet
NMDC Fundamentals
FundamentalValueMarket Capitalization₹1,10,000 crore (Approx.)Revenue₹16,246 croreEBITDA₹6,234 croreEPS₹25.41P/E Ratio10.72P/B Ratio2.15Dividend Yield2.54%Debt/Equity Ratio0.74Book Value₹117.22Face Value₹10ROE38.45%Debt₹13,571 crore
NMDC Revenue and Net Profit
YearRevenue (₹ crore)Net Profit (₹ crore)2020–2114,2833,3852021–2215,5154,0482022–2316,2464,306
NMDC Shareholding Patterns
CategoryShareholding (%)Promoter60.79Foreign Institutional Investors (FIIs)8.32Domestic Institutional Investors (DIIs)9.42Mutual Funds8.19Others13.28
NMDC Share Price Target for 2024, 2025, 2026, 2027, 2028
YearShare Price Target (INR)20243002025350202640020274502028500
NMDC Share Price Target for 2024
The NMDC share price target for 2024 is estimated to be between ₹350 and ₹400 per share.
NMDC Share Price Target for 2025
The NMDC share price target for 2025 is estimated to be between ₹400 and ₹450 per share.
NMDC Share Price Target for 2026
The NMDC share price target for 2026 is estimated to be between ₹450 and ₹500 per share.
NMDC Share Price Target for 2027
The NMDC share price target for 2027 is estimated to be between ₹500 and ₹550 per share.
NMDC Share Price Target for 2028
The NMDC share price target for 2028 is estimated to be between ₹550 and ₹600 per share.
NMDC Dividend History
YearDividend per Share (₹)Record DatePayment Date20236.6002-Aug-202315-Aug-202320225.7317-Feb-202207-Mar-202220229.0114-Dec-202102-Jan-202220215.5222-Mar-202112-Apr-202120205.2918-Feb-202006-Mar-202020194.3027-Mar-201912-Apr-201920183.7526-Mar-201816-Apr-201820172.5028-Mar-201718-Apr-201720162.0029-Mar-201619-Apr-201620151.5002-Apr-201522-Apr-2015
NMDC Share Split History
YearShare Price (₹)Split Ratio20231701:12022851:1202142.501:1202021.252:1201910.63–201810.63–201710.63–201610.63–201510.63-
Future Outlook of NMDC
NMDC’s future outlook is positive, driven by several factors, including:
- Strong demand for iron ore: India’s iron ore consumption is expected to maintain its growth trajectory, fueled by urbanization, rising incomes, and increasing industrialization. This will continue to drive demand for NMDC’s iron ore products.
- Enhanced production capacity: NMDC’s iron ore production capacity is projected to reach 35 million tonnes per annum (MTPA) by 2025 and 50 MTPA by 2030, enabling it to meet the growing demand and solidify its position as a leading iron ore producer.
- Diversified product portfolio: NMDC’s strategic focus on value-added products such as pellets and concentrates is expected to contribute to improved profitability and strengthen its competitive edge in the market.
- Strong financial position: NMDC is expected to maintain its healthy financial position with a debt-to-equity ratio of around 0.75, providing the company with the financial flexibility to pursue growth strategies and invest in new technologies.
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Risks Associated With Investing in NMDC
Risk FactorDescriptionEconomic slowdownA slowdown in the Indian economy could reduce demand for iron ore, which would negatively impact NMDC’s revenue and profitability.Fluctuations in global iron ore pricesGlobal iron ore prices are volatile and can fluctuate significantly due to factors such as supply and demand, economic conditions, and geopolitical events. A decline in iron ore prices would negatively impact NMDC’s profitability.Environmental regulationsNMDC is subject to various environmental regulations, and non-compliance with these regulations could result in fines, penalties, and reputational damage.Labor relationsNMDC has a large workforce, and labor unrest could disrupt its operations and increase its costs.CompetitionNMDC faces competition from other domestic and international iron ore producers.
NMDC Competitors
CompetitorIndustryMarket Cap (₹ crore)Tata SteelIron and steel1,22,481JSW SteelIron and steel85,826SAILIron and steel40,403Vedanta LtdMetals and mining1,40,656Hindustan ZincMetals and mining50,913Hindalco IndustriesMetals and mining39,117MOILMetals and mining30,572KIOCLMetals and mining29,794Lloyds Metals and EnergyMetals and mining9,466Ashapura MinechemMetals and mining6,066
NMDC Share Price FAQs
Q: What is the NMDC share price target for 2024?
A: The NMDC share price target for 2024 is estimated to be between ₹350 and ₹400 per share.
Q: What is the NMDC share price target for 2025?
A: The NMDC share price target for 2025 is estimated to be between ₹400 and ₹450 per share.
Q: What is the NMDC share price target for 2026?
A: The NMDC share price target for 2026 is estimated to be between ₹450 and ₹500 per share.
Q: What is the NMDC share price target for 2027?
A: The NMDC share price target for 2027 is estimated to be between ₹500 and ₹550 per share.
Q: What is the NMDC share price target for 2028?
A: The NMDC share price target for 2028 is estimated to be between ₹550 and ₹600 per share.
Q: What is the future outlook for NMDC?
A: The future outlook for NMDC is positive. The company is well-positioned to benefit from the growth of the Indian iron and steel industry, and its diversified product portfolio and strong financial position will help it to weather any economic downturns.
Q: Should I invest in NMDC?
A: Whether or not you should invest in NMDC depends on your individual investment goals and risk tolerance. NMDC is a well-positioned company with a strong track record and a bright future, but there are also risks associated with investing in the company, such as the risks mentioned above. You should carefully consider your own investment goals and risk tolerance before making an investment decision.
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.