NMDC Steel Ltd - Stock Valuation and Financial Performance

BSE: 543768 | NSE: NSLNISP | Steel & Iron Products | Small Cap

NMDC Steel Share Price

43.12 -0.74 -1.69%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on NMDC Steel

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

NMDC Steel stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
12,636.8 Cr.
52-wk low:
42.9
52-wk high:
73.7

Is NMDC Steel Ltd an attractive stock to invest in?

1. Is NMDC Steel Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that NMDC Steel Ltd is a below average quality company.

2. Is NMDC Steel Ltd undervalued or overvalued?

The key valuation ratios of NMDC Steel Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is NMDC Steel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NMDC Steel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of NMDC Steel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NMDC Steel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -70%-62.4%-161.7%0%0%-8.7%-
Value Creation
Index
-6.2-5.6-13.0NANA-1.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000003,0496,317
Sales YoY Gr.-NANANANANA-
Adj EPS -1.8-1.2-1.200-5.3-8.8
YoY Gr.-NANANANANA-
BVPS (₹) 2.61.30.1058.252.949
Adj Net
Profit
00000-1,556-2,573
Cash Flow from Ops. 0007431,535-2,733-
Debt/CF from Ops. 0002.32.5-2.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS NANANANA
BVPSNA83.1%622.7%-9.2%
Share Price - - - -14%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-70.4-62.9-163.200-9.6-17.3
Op. Profit
Mgn %
00000-46.9-34.9
Net Profit
Mgn %
00000-51-40.7
Debt to
Equity
0000.10.20.40.2
Working Cap
Days
00000593183
Cash Conv.
Cycle
00000177-34

Recent Performance Summary

Sales growth is good in last 4 quarters at 112.19%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - NMDC Steel Ltd.

Standalone Consolidated
TTM EPS (₹) -8.8 -
TTM Sales (₹ Cr.) 6,317 -
BVPS (₹.) 49 -
Reserves (₹ Cr.) 11,415 -
P/BV 0.88 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 42.94 / 73.67
All Time Low / High (₹) 29.05 / 73.67
Market Cap (₹ Cr.) 12,637
Equity (₹ Cr.) 2,930.6
Face Value (₹) 10
Industry PE 22.2

Management X-Ray of NMDC Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NMDC Steel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales000003,049
Operating Expenses 000004,486
Manufacturing Costs000001,052
Material Costs000003,220
Employee Cost 0000057
Other Costs 00000157
Operating Profit 00000-1,437
Operating Profit Margin (%) ------47.1%
Other Income 00000119
Interest 00000331
Depreciation 00000553
Exceptional Items 000000
Profit Before Tax 00000-2,201
Tax 00000-641
Profit After Tax 00000-1,560
PAT Margin (%) ------51.2%
Adjusted EPS (₹)-1.8-1.2-1.20.00.0-5.3
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 00014,11817,04915,488
Share Capital 00002,9312,931
Reserves 00014,11814,11812,558
Minority Interest000000
Debt0001,6683,8426,115
Long Term Debt0001,6683,8184,261
Short Term Debt0000241,854
Trade Payables0003033902,503
Others Liabilities 0004,4164,2884,622
Total Liabilities 00020,50525,56828,728

Fixed Assets

Gross Block0001,2381,26020,987
Accumulated Depreciation000106141715
Net Fixed Assets0001,1321,11820,273
CWIP 00017,03819,5451,215
Investments 000000
Inventories000408603,703
Trade Receivables0000037
Cash Equivalents 00011,513721
Others Assets0002,2942,5322,778
Total Assets 00020,50525,56828,728

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0007431,535-2,733
PBT 00000-2,201
Adjustment 00000842
Changes in Working Capital -00-07431542-1362
Tax Paid 0000-8-12
Cash Flow From Investing Activity 000-1,891-2,207-690
Capex 000-1,891-2,155-584
Net Investments 0000-33-142
Others 0000-1936
Cash Flow From Financing Activity 0001,1441,2932,808
Net Proceeds from Shares 000000
Net Proceeds from Borrowing 0001,1222,1512,810
Interest Paid 00000-331
Dividend Paid 000000
Others 00023-858329
Net Cash Flow 000-4620-614
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/A00-9.59
ROCE (%)N/AN/AN/A00-8.69
Asset Turnover Ratio000000.11
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days000004
Inventory Days00000273
Payable Days00000164

NMDC Steel Ltd Stock News

NMDC Steel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NMDC Steel on 20-Dec-2024 16:59 is ₹43.12.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of NMDC Steel stood at ₹12,636.8.
The latest P/E ratio of NMDC Steel as of 20-Dec-2024 16:59 is 0.00.
The latest P/B ratio of NMDC Steel as of 20-Dec-2024 16:59 is 0.88.
The 52-week high of NMDC Steel is ₹73.67 and the 52-week low is ₹42.94.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NMDC Steel is ₹6,317 ( Cr.) .

About NMDC Steel Ltd

NMDC Steel was incorporated as an unlisted Government Company under the provisions of Companies Act, 2013 on January 2, 2015 within the jurisdiction of the Registrar of Companies, Chhattisgarh. Pursuant to the Scheme of Arrangement, upon the coming into effect of the Scheme and with effect from the Appointed Date, and subject to the provisions of Scheme, all the properties and assets (tangible and intangible assets including goodwill) and liabilities of the Demerged Undertaking will be transferred to the company at values appearing in the books of accounts of the Demerged Company immediately before the demerger, in accordance with Section 2(l9AA) of the IT Act.

The Demerged Undertaking shall, without any further act, instrument or deed, be demerged from the Demerged Company and stand transferred to and vested in and/or deemed to have been demerged from the Demerged Company and stand transferred to and vested in the Resulting Company as a going concern, in the manner provided in the Scheme.

NMDC Steel was incorporated as a wholly owned subsidiary of NMDC on January 2, 2015, under the Companies Act, 2013 with a registered office at NMDC Iron & Steel Plant, Nagarnar (Bastar, Chhattisgarh). The now demerged company NMDC Steel is a central public sector enterprise with a paid-up capital of Rs 2,930 crore owned by the Government of India, under the administrative control of the Ministry of Steel. The Government owns 60.79% stake in this company.

Main objects of the company

To carry on in India and elsewhere the trade or business or manufacturing, prospecting, raising, operating, buying, selling, importing, exporting, purchasing otherwise dealing;

• in stainless steel, silicon steel, special steel, mild steel and in allied products, fireclay, dolomite, limestone, refractories, iron ore, bauxite, cement, chemicals, fertilizers, manures, distilleries, dye making and industrial and non-industrial gas, lime burners, stone quarrying, concrete manufacturing in all respective branches, and other allied input or other materials, and, for that purpose to construct, install, operate, manage and maintain all plants, mines, establishments, works etc.
• in iron and steel of all qualities, grades, types and kinds as iron mongers, iron masters, steel makers and steel converters
• in Ferro Silicon, Ferro-Chrome and/or all products made of Iron and Steel, Coking coal, Manganese, Ferro manganese, Limestone, Refractories, Iron-ore and other alloys
• as miners, smelters, iron founders in all respective branches

To do consultancy services required to design, establish, provide, maintain and perform engineering and related technical and consultancy services for the development of ferrous and non-ferrous metallurgical enterprises, chemical and petrochemical enterprises, fertilizer plants, cement plants, refractory plants, laboratories for control and/or research purposes, water works, gas works, sewage disposal plants, thermal and hydro-electric power stations, electrical generators, transmission and distribution and all other types of industrial projects, and for that purpose to prepare and get prepared feasibility reports, detailed project reports, market studies, techno-economic investigations, survey of all types, site selection, planning basic and process engineering, preparing specifications and documents, tender evaluation and purchase assistance, detailed design and working drawing, shop inspection, expediting construction, supervision, project management, commissioning, operation and maintenance, training of personnel, pre and post operation consultancy and any such other services.

To construct, execute, carry out, improve, develop, manage or control iron and steel works and by-products and ancillary plants, fertilizer plants, coke ovens, foundries furnaces, bricks kilns, refractory works, factories, railways, tramways, ropeways, runways, roads, aerodromes, docks, harbours, piers wharves, dams, barrages, weirs, reservoirs, embankments, canals, irrigation, power houses, transmission lines, reclamation, improvement, sewage, drainage, sanitary, water, gas, electric, light, telephone and power supply works and hotels, houses, markets and buildings, private or public, and all other works, conveniences whatsoever, and generally to carry on the business of builders, contractors, engineers architects, estimators, and designers in all their respective branches and to undertake works on contract basis for civil engineering, mechanical engineering, electrical engineering, erection engineering, water supply, etc. and to tender for such works, and to undertake consultancy services in the above fields, general accounting, material management, industrial engineering and other management services, etc.

To plan, promote, and organise an integrated and efficient development of the iron and steel and its associated input industries such as iron ore, coking coal, manganese, limestone, refractories etc.

To purchase, take on lease or in exchange or under amalgamation, licence or concession, or otherwise acquire mines, Coal blocks, beneficiation, mineral dressing, concentration and refining plants, including Plants like Metallurgical plants, Steel plants, lands, buildings, workshops, power-generation units, transmission and distribution system or any other power systems plant & equipment, machinery, sidings, locos, works and any rights and privileges, or interest therein and to explore, prospect, work, develop, administer, manage or control and to turn to account the same.

To acquire by lease, grant, assignment, transfer or otherwise any grants or concessions of any mineral fields, mines, mineral and mine contracts, works and premises from any person or persons, Corporation, Company, Government or local body in India or elsewhere, and to perform and fulfill the conditions thereof.

To construct, execute, carry out, equip, improve work, purchase or otherwise acquire, lease, develop, administer, manage or control in India or elsewhere works and conveniences of all kinds which expression in this Memorandum includes mines, Coal blocks, beneficiations, mineral dressing, concentration and refining plants, including Metallurgical like Steel plants, quarries, Cement plants, barrages, dams, sluices, locks, embankments, moles, break-waters, docks, quays, harbours, piers, wharves, canals, tanks, bridges, aqueducts, reservoirs, irrigations, reclamation, improvement, river-works of all kinds, railways, ropeways, tramways, road, sewage, drainage, sanitary, paving, water, gas, electric, light, telephonic, telegraphic, wire-less, power generation, transmission and distribution system non-conventional energy units like windmill, solar energy, etc, and power supply works, and hotels and warehouses, markets and buildings, private or public, workers dhowras and houses, villages, sheds, dwellings, offices, shops and stores and all other works or conveniences whatsoever.

History and milestones

  • 2015: Incorporation of the company
  • 2023: Approval of the Scheme by MCA
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