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Non-Energy Minerals

NMDC Ltd.

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.

Business Summary

NMDC Ltd. engages in the exploration of minerals. It operates through the following segments: Iron Ore, Pellets, Other Minerals & Services, and Other Reconcilliation Items. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.

Financial Highlights

Mar 2021 INRUSD
Revenue153,700.60M2,070.45M
Gross Profit106,209.90M1,430.72M
Operating income88,704M1,194.90M
Income before tax88,955.20M1,198.29M
Net income62,766.10M845.50M
EBITDA91,960.40M1,238.77M
Diluted EPS21.410.28
Dividends Per Share7.760.10
Total Assets371,632.80M5,082.94M
Total liabilities72,656.90M993.75M
Total equity298,840.50M4,087.33M
Operating cash flow74,909.90M1,009.09M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 88,281.40M 116,149M 121,526.70M 116,992.20M 153,700.60M
Gross Profit 69,497.60M 76,276.80M 82,865.30M 77,285.80M 106,209.90M
Operating income 35,727.80M 57,159.90M 68,143.40M 57,119.60M 88,704M
Income before tax 42,875.70M 61,765.70M 71,940.20M 61,150.30M 88,955.20M
Net income 25,443.60M 38,089M 46,192.60M 35,740.80M 62,766.10M
EBITDA 40,279.30M 60,762.60M 71,473.30M 60,586.40M 91,960.40M
Diluted EPS 8.04 12.04 15.08 11.66 21.41
Dividends Per Share 5.15 4.30 5.52 5.29 7.76
Total Assets 327,806.60M 347,069.80M 301,421.30M 315,222M 371,632.80M
Total liabilities 101,830.60M 102,746.80M 40,842.40M 38,410.80M 72,656.90M
Total equity 225,822.10M 244,174.10M 260,440M 276,730.70M 298,840.50M
Operating cash flow 34,648.90M 37,763.90M 45,496M 25,225.40M 74,909.90M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,316.51M 1,801.70M 1,737.51M 1,649.96M 2,070.45M
Gross Profit 1,036.39M 1,183.20M 1,184.75M 1,089.97M 1,430.72M
Operating income 532.79M 886.66M 974.27M 805.56M 1,194.90M
Income before tax 639.39M 958.11M 1,028.55M 862.41M 1,198.29M
Net income 379.43M 590.83M 660.43M 504.05M 845.50M
EBITDA 600.67M 942.55M 1,021.88M 854.46M 1,238.77M
Diluted EPS 0.11 0.18 0.21 0.16 0.28
Dividends Per Share 0.07 0.06 0.07 0.07 0.10
Total Assets 5,048.22M 5,321.38M 4,351.08M 4,166.77M 5,082.94M
Total liabilities 1,568.19M 1,575.34M 589.56M 507.73M 993.75M
Total equity 3,477.66M 3,743.75M 3,759.50M 3,657.97M 4,087.33M
Operating cash flow 516.70M 585.79M 650.47M 355.75M 1,009.09M

Valuation Measures

Mar 2021
PER6.31
ROA18.27%
ROE21.81%
Operating margin57.71%
Profit margin40.83%

Key executives

  • Chairman & Managing Director: Sumit Deb
  • Finance Director & Director: Amitava Mukherjee
  • General Manager-Information Technology: T. M. Balaji
  • Executive Director & Technical Director: Somnath Nandi
  • Executive Director-Engineering & Projects: S. Surender

Shareholders

  • Government of India (60.7%)
  • Life Insurance Corp of India (14.1%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (2.5%)
  • The Vanguard Group, Inc. (0.8%)
  • Aditya Birla Sun Life Amc Ltd. (Investment Management) (0.6%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.5%)
  • Canara Bank (0.3%)
  • Origin Asset Management LLP (0.3%)
  • ICICI Prudential Asset Management Co. Ltd. (0.2%)
  • National Pension System Trust (0.2%)

Contact Details

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

Related Companies

  • NMDC Employees Provident Fund Trust
  • NMDC Power Ltd.
  • NMDC SARL
  • NMDC-CMDC Ltd.
  • J & K Mineral Development Corp. Ltd.
  • Sponge Iron India Ltd.

Competitors

  • Vedanta Limited
  • Kumba Iron Ore Limited
Last Updated on 18 Oct, 2021

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