ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
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 2020 INRUSD
Revenue116,992.20M1,649.96M
Gross Profit77,285.80M1,089.97M
Operating income57,119.60M805.56M
Income before tax61,150.30M862.41M
Net income35,740.80M504.05M
EBITDA60,586.40M854.46M
Diluted EPS11.660.16
Dividends Per Share5.290.07
Total Assets315,222M4,166.77M
Total liabilities38,410.80M507.73M
Total equity276,730.70M3,657.97M
Operating cash flow25,225.40M355.75M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 64,558M 88,281.40M 116,149M 121,526.70M 116,992.20M
Gross Profit 50,559.70M 69,497.60M 76,276.80M 82,865.30M 77,285.80M
Operating income 27,374.50M 35,727.80M 57,159.90M 68,143.40M 57,119.60M
Income before tax 40,841.90M 42,875.70M 61,765.70M 71,940.20M 61,150.30M
Net income 25,465.90M 25,443.60M 38,089M 46,192.60M 35,740.80M
EBITDA 29,852.30M 40,279.30M 60,762.60M 71,473.30M 60,586.40M
Diluted EPS 6.42 8.04 12.04 15.08 11.66
Dividends Per Share 11 5.15 4.30 5.52 5.29
Total Assets 411,480M 327,806.60M 347,069.80M 301,421.30M 315,222M
Total liabilities 119,510.60M 101,830.60M 102,746.80M 40,842.40M 38,410.80M
Total equity 291,800.90M 225,822.10M 244,174.10M 260,440M 276,730.70M
Operating cash flow 43,981.30M 34,648.90M 37,763.90M 45,496M 25,225.40M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 986.05M 1,316.51M 1,801.70M 1,737.51M 1,649.96M
Gross Profit 772.24M 1,036.39M 1,183.20M 1,184.75M 1,089.97M
Operating income 418.11M 532.79M 886.66M 974.27M 805.56M
Income before tax 623.81M 639.39M 958.11M 1,028.55M 862.41M
Net income 388.96M 379.43M 590.83M 660.43M 504.05M
EBITDA 455.96M 600.67M 942.55M 1,021.88M 854.46M
Diluted EPS 0.09 0.11 0.18 0.21 0.16
Dividends Per Share 0.16 0.07 0.06 0.07 0.07
Total Assets 6,213.59M 5,048.22M 5,321.38M 4,351.08M 4,166.77M
Total liabilities 1,804.68M 1,568.19M 1,575.34M 589.56M 507.73M
Total equity 4,406.37M 3,477.66M 3,743.75M 3,759.50M 3,657.97M
Operating cash flow 671.76M 516.70M 585.79M 650.47M 355.75M

Valuation Measures

Mar 2020
PER6.85
ROA11.59%
ROE13.30%
Operating margin48.82%
Profit margin30.54%

Key executives

  • Chairman & Managing Director: Sumit Deb
  • Chief General Manager-Operations: Dilip Kumar Mohanty
  • Director & Finance Director: Amitava Mukherjee
  • General Manager-Information Technology: T. M. Balaji
  • Technical Director: Somnath Nandi

Shareholders

  • Government of India (69.6%)
  • Life Insurance Corp of India (12.8%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (2.4%)
  • Aditya Birla Sun Life AMC Ltd. (0.9%)
  • The Vanguard Group, Inc. (0.8%)
  • Edgbaston Investment Partners LLP (0.6%)
  • Canara Bank (0.3%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.2%)
  • SEB Investment Management AB (0.1%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.1%)

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
  • Gemfields Group Limited
  • Kumba Iron Ore Limited
Last Updated on 20 Oct, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more