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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 and Services, and Other Reconcilliation Items. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.

Financial Highlights

Mar 2019 INRUSD
Revenue121,526.70M1,737.51M
Gross Profit82,865.30M1,184.75M
Operating income68,143.40M974.27M
Income before tax71,940.20M1,028.55M
Net income46,192.60M660.43M
EBITDA71,473.30M1,021.88M
Diluted EPS15.080.21
Dividends Per Share5.520.07
Total Assets301,421.30M4,351.08M
Total liabilities40,842.40M589.56M
Total equity260,440M3,759.50M
Operating cash flow45,496M650.47M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 123,476.70M 64,558M 88,281.40M 116,149M 121,526.70M
Gross Profit 110,045M 50,559.70M 69,497.60M 97,474.10M 82,865.30M
Operating income 75,838.70M 27,374.50M 35,727.80M 57,159.90M 68,143.40M
Income before tax 97,478.70M 40,841.90M 42,875.70M 61,765.70M 71,940.20M
Net income 63,471.80M 25,465.90M 25,443.60M 38,089M 46,192.60M
EBITDA 77,564.30M 29,852.30M 40,279.30M 60,762.60M 71,473.30M
Diluted EPS 16.01 6.42 8.04 12.04 15.08
Dividends Per Share 8.55 11 5.15 4.30 5.52
Total Assets 443,433.40M 411,480M 327,806.60M 347,069.80M 301,421.30M
Total liabilities 120,261.10M 119,510.60M 101,830.60M 102,746.80M 40,842.40M
Total equity 322,666.40M 291,800.90M 225,822.10M 244,174.10M 260,440M
Operating cash flow 61,861.30M 43,981.30M 34,648.90M 37,763.90M 45,496M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 2,019.45M 986.05M 1,316.51M 1,801.70M 1,737.51M
Gross Profit 1,799.78M 772.24M 1,036.39M 1,512.02M 1,184.75M
Operating income 1,240.34M 418.11M 532.79M 886.66M 974.27M
Income before tax 1,594.26M 623.81M 639.39M 958.11M 1,028.55M
Net income 1,038.08M 388.96M 379.43M 590.83M 660.43M
EBITDA 1,268.56M 455.96M 600.67M 942.55M 1,021.88M
Diluted EPS 0.26 0.09 0.11 0.18 0.21
Dividends Per Share 0.13 0.16 0.07 0.06 0.07
Total Assets 7,085.72M 6,213.59M 5,048.22M 5,321.38M 4,351.08M
Total liabilities 1,921.67M 1,804.68M 1,568.19M 1,575.34M 589.56M
Total equity 5,155.95M 4,406.37M 3,477.66M 3,743.75M 3,759.50M
Operating cash flow 1,011.74M 671.76M 516.70M 585.79M 650.47M

Valuation Measures

Mar 2019
PER6.90
ROA14.24%
ROE18.30%
Operating margin56.07%
Profit margin38.01%

Key executives

  • Chairman & Managing Director: N. Baijendra Kumar
  • Director & Finance Director: Amitava Mukherjee
  • General Manager-Information Technology: T. M. Balaji
  • Secretary & Compliance Officer: A. S. Pardha Saradhi
  • Director & Production Director: Pradip Kumar Satpathy

Shareholders

  • Government of India (72.2%)
  • Life Insurance Corp. of India (12.8%)
  • Aditya Birla Sun Life AMC Ltd. (0.9%)
  • The Vanguard Group, Inc. (0.8%)
  • PineBridge Investments Asia Ltd. (0.3%)
  • State Bank of India (0.3%)
  • Edgbaston Investment Partners LLP (0.3%)
  • Canara Bank (0.3%)
  • The New India Assurance Co. Ltd. (Investment Portfolio) (0.3%)
  • SEB Investment Management AB (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 Power Ltd.
  • NMDC SARL
  • NMDC-CMDC Ltd.
  • J & K Mineral Development Corp. Ltd.
  • Sponge Iron India Ltd.

Competitors

  • Vedanta Limited
  • Kumba Iron Ore Limited
  • Companhia Siderurgica Nacional
  • Gemfields Group Limited
Last Updated on 18 Nov, 2019

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