Asia300

NMDC Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
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Mar 24, 2017
Prev close: 137
Mar 24, 2017
Market cap:
Market cap(USD):
433,453M
6,626.58M
Shares: 3,163.89M

Currency in INR

Company profile

Market(Ticker): BOM(526371)
Sector:
Industry:
Non-Energy Minerals
Other Metals/Minerals
Full time employees: 15,158

Business summary

NMDC Ltd. engages in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite and beach sands. It operates through Iron Ore, and Other Minerals and Services segments. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.

Company background

NMDC is a state-owned producer of iron ore, copper, rock phosphate, diamond, graphite and other minerals. It is India's largest producer of iron ore -- producing about 30 million tons annually. The Indian government holds an 80% stake in NMDC but has announced plans to divest 10% of its shareholdings.

Narendra Kothari, a metallurgy engineering graduate, has been NMDC's government-appointed chairman-cum-managing director since April 2014. Before taking up the position, he was CEO of a Steel Authority of India (SAIL) plant in the eastern town of Burnpur. During his three-decade-plus stint at SAIL, Kothari worked extensively in the steel industry, in India and abroad.

NMDC, which operates under the Ministry of Steel, was set up in 1958 to explore for and mine minerals. Since then, it has transformed the hilly and dense jungle of Bastar -- in central Chhattisgarh, also home to the famous Bailadila range, which contains 1.2 billion tons of high-grade iron ore -- into one of India's key states. Bailadila, which means "the hump of an ox" in the local dialect, was remote, inaccessible and replete with wild life. NMDC changed that. In January 2015, the company announced the establishment of a wholly owned subsidiary, NMDC Steel, its sixth subsidiary.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 64,540.2M
Gross profit 50,562.5M
Operating income 29,879M
Income before tax 44,962.9M
Net income 29,332.4M
EBITDA 32,016.8M
Diluted EPS 7.4
Dividends per share 11
Total assets 415,233.7M
Total liabilities 115,169.6M
Total equity 299,559.9M
Operating cash flow 41,624.7M

Currency in INR

Revenue 985.78M
Gross profit 772.29M
Operating income 456.37M
Income before tax 686.76M
Net income 448.02M
EBITDA 489.02M
Diluted EPS 0.11
Dividends per share 0.16
Total assets 6,270.28M
Total liabilities 1,739.13M
Total equity 4,523.53M
Operating cash flow 635.77M

Currency in USD

Valuation measures

Mar 2016

PER 13.23
ROA 6.83%
ROE 9.42%
Operating margin 46.29%
Profit margin 45.44%

Key executive

  • Chairman & Managing Director: Bharathi Sivaswami Sihag
  • Finance Director & Director: Devinder Singh Ahluwalia
  • Director & Technical Director: Narendra Kumar Nanda
  • Secretary & Compliance Officer: A. S. Pardha Saradhi
  • Director, Director-Personnel & Administration: Sandeep Tula

Share holders

  • Government of India(74.9%)
  • Life Insurance Corp. of India(14.4%)
  • The Vanguard Group, Inc.(0.7%)
  • Edgbaston Investment Partners LLP(0.3%)
  • State Bank of India(0.3%)
  • Robeco Institutional Asset Management BV(0.3%)
  • Canara Bank(0.3%)
  • L&T Investment Management Ltd.(0.2%)
  • Mellon Capital Management Corp.(0.0%)
  • Grantham, Mayo, Van Otterloo & Co. LLC(0.0%)

Address

  • Website: http://www.nmdc.co.in
  • Address: 10-3-311/A, Khanij Bhavan, Castle Hills, Hyderabad, 500028, India
  • Phone: +91.40.23538713

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