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Non-Energy Minerals

NMDC Ltd.

  • 101.80 INR
  • +0.30
  • +0.30%
  • India
    Aug 16, 2018
  • Ticker
    BOM(526371)
  • Prev. close
    101.50
  • Market cap (INR)
    321,134.87M
  • Market cap (USD)
    4,568.30M
  • Shares
    3,163.89M

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 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.

Financial Highlights

Mar 2018 INRUSD
Revenue116,149M1,801.70M
Gross Profit79,401.60M1,231.68M
Operating income55,461.50M860.32M
Income before tax61,765.70M958.11M
Net income38,089M590.83M
EBITDA58,027.80M900.12M
Diluted EPS12.040.18
Dividends Per Share----
Total Assets286,913.20M4,399.04M
Total liabilities42,590.20M653.00M
Total equity244,174.10M3,743.75M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 120,522.70M 123,476.70M 64,558M 88,281.40M 116,149M
Gross Profit 106,861.10M 110,045M 50,559.70M 69,497.60M 79,401.60M
Operating income 76,412.50M 75,838.70M 27,374.50M 35,727.80M 55,461.50M
Income before tax 97,539.60M 97,478.70M 40,841.90M 42,875.70M 61,765.70M
Net income 63,721.40M 63,471.80M 25,465.90M 25,443.60M 38,089M
EBITDA 77,927.70M 77,564.30M 29,852.30M 40,279.30M 58,027.80M
Diluted EPS 16.07 16.01 6.42 8.04 12.04
Dividends Per Share 8.50 8.55 11 5.15 --
Total Assets 414,699.60M 443,433.40M 411,480M 327,806.60M 286,913.20M
Total liabilities 115,217.60M 120,261.10M 119,510.60M 101,830.60M 42,590.20M
Total equity 299,468.30M 322,666.40M 291,800.90M 225,822.10M 244,174.10M
Operating cash flow 57,305M 61,861.30M 43,981.30M 34,648.90M --
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 1,994.27M 2,019.45M 986.05M 1,316.51M 1,801.70M
Gross Profit 1,768.22M 1,799.78M 772.24M 1,036.39M 1,231.68M
Operating income 1,264.39M 1,240.34M 418.11M 532.79M 860.32M
Income before tax 1,613.97M 1,594.26M 623.81M 639.39M 958.11M
Net income 1,054.39M 1,038.08M 388.96M 379.43M 590.83M
EBITDA 1,289.46M 1,268.56M 455.96M 600.67M 900.12M
Diluted EPS 0.26 0.26 0.09 0.11 0.18
Dividends Per Share 0.14 0.13 0.16 0.07 --
Total Assets 6,943.77M 7,085.72M 6,213.59M 5,048.22M 4,399.04M
Total liabilities 1,929.21M 1,921.67M 1,804.68M 1,568.19M 653.00M
Total equity 5,014.32M 5,155.95M 4,406.37M 3,477.66M 3,743.75M
Operating cash flow 948.22M 1,011.74M 671.76M 516.70M --

Valuation Measures

Mar 2018
PER9.85
ROA12.39%
ROE16.20%
Operating margin47.75%
Profit margin32.79%

Key executives

  • Chairman & Managing Director: N. Baijendra Kumar
  • Director & Technical Director: Narendra Kumar Nanda
  • Secretary & Compliance Officer: A. S. Pardha Saradhi
  • Director, Director-Personnel & Administration: Sandeep Tula
  • Director & Production Director: Pradip Kumar Satpathy

Shareholders

  • Government of India (72.4%)
  • Life Insurance Corp. of India (14.5%)
  • The Vanguard Group, Inc. (0.7%)
  • Aditya Birla Sun Life AMC Ltd. (0.7%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (0.4%)
  • State Bank of India (0.3%)
  • Edgbaston Investment Partners LLP (0.3%)
  • Canara Bank (0.3%)
  • The New India Assurance Co. Ltd. (Investment Portfolio) (0.2%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.2%)

Contact Details

  • Website:http://www.nmdc.co.in
  • Address: 10-3-311/A, Khanij Bhavan, Castle Hills, 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
Last Updated on 16 Aug, 2018

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