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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 2022 INRUSD
Revenue258,817.30M3,473.60M
Gross Profit145,244.20M1,949.33M
Operating income125,841.40M1,688.92M
Income before tax129,742.40M1,741.28M
Net income93,802.80M1,258.93M
EBITDA130,179.90M1,747.15M
Diluted EPS32.000.42
Dividends Per Share14.740.19
Total Assets450,895.60M5,950.45M
Total liabilities100,892.10M1,331.46M
Total equity349,869M4,617.20M
Operating cash flow80,202.10M1,076.39M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 116,149M 121,526.70M 116,992.20M 153,700.60M 258,817.30M
Gross Profit 76,276.80M 82,865.30M 77,285.80M 106,209.90M 145,244.20M
Operating income 57,159.90M 68,143.40M 57,119.60M 88,704M 125,841.40M
Income before tax 61,765.70M 71,940.20M 61,150.30M 88,955.20M 129,742.40M
Net income 38,089M 46,192.60M 35,740.80M 62,766.10M 93,802.80M
EBITDA 60,762.60M 71,473.30M 60,586.40M 91,960.40M 130,179.90M
Diluted EPS 12.04 15.08 11.66 21.41 32.00
Dividends Per Share 4.30 5.52 5.29 7.76 14.74
Total Assets 347,069.80M 301,421.30M 315,222M 371,632.80M 450,895.60M
Total liabilities 102,746.80M 40,842.40M 38,410.80M 72,656.90M 100,892.10M
Total equity 244,174.10M 260,440M 276,730.70M 298,840.50M 349,869M
Operating cash flow 37,763.90M 45,496M 25,225.40M 74,909.90M 80,202.10M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,801.70M 1,737.51M 1,649.96M 2,070.45M 3,473.60M
Gross Profit 1,183.20M 1,184.75M 1,089.97M 1,430.72M 1,949.33M
Operating income 886.66M 974.27M 805.56M 1,194.90M 1,688.92M
Income before tax 958.11M 1,028.55M 862.41M 1,198.29M 1,741.28M
Net income 590.83M 660.43M 504.05M 845.50M 1,258.93M
EBITDA 942.55M 1,021.88M 854.46M 1,238.77M 1,747.15M
Diluted EPS 0.18 0.21 0.16 0.28 0.42
Dividends Per Share 0.06 0.07 0.07 0.10 0.19
Total Assets 5,321.38M 4,351.08M 4,166.77M 5,082.94M 5,950.45M
Total liabilities 1,575.34M 589.56M 507.73M 993.75M 1,331.46M
Total equity 3,743.75M 3,759.50M 3,657.97M 4,087.33M 4,617.20M
Operating cash flow 585.79M 650.47M 355.75M 1,009.09M 1,076.39M

Valuation Measures

Mar 2022
PER5.07
ROA22.80%
ROE28.91%
Operating margin48.62%
Profit margin36.24%

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 Corporation of India (Investment Portfolio) (14.1%)
  • Aditya Birla Sun Life Amc Ltd. (Investment Management) (0.9%)
  • The Vanguard Group, Inc. (0.7%)
  • ICICI Prudential Asset Management Co. Ltd. (0.6%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (0.5%)
  • SBI Funds Management Pvt Ltd. (0.5%)
  • PPFAS Asset Management Private Ltd. (0.4%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.4%)
  • Edelweiss Asset Management Ltd. (0.4%)

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 4 Oct, 2022

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