Asia300

NMDC Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 16, 2017
Prev close: 123.7
Nov 16, 2017
Market cap:
Market cap(USD):
391,373.21M
5,996.33M
Shares: 3,163.89M

Currency in INR

Company profile

Market(Ticker): BOM(526371)
Sector:
Industry:
Non-Energy Minerals
Other Metals/Minerals
Full time employees: 15,613

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.

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.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 88,281.4M
Gross profit 69,497.6M
Operating income 35,727.8M
Income before tax 42,875.7M
Net income 25,443.6M
EBITDA 40,279.3M
Diluted EPS 8.04
Dividends per share 5.15
Total assets 327,806.6M
Total liabilities 101,830.6M
Total equity 225,822.1M
Operating cash flow 34,648.9M

Currency in INR

Revenue 1,316.51M
Gross profit 1,036.39M
Operating income 532.79M
Income before tax 639.39M
Net income 379.43M
EBITDA 600.67M
Diluted EPS 0.11
Dividends per share 0.07
Total assets 5,048.22M
Total liabilities 1,568.19M
Total equity 3,477.66M
Operating cash flow 516.70M

Currency in USD

Valuation measures

Mar 2017

PER 16.55
ROA 6.88%
ROE 9.83%
Operating margin 40.47%
Profit margin 28.82%

Key executive

  • Chairman & Managing Director: Raza Rizvi Ali
  • Director & Finance Director: Devinder Singh Ahluwalia
  • Director & Technical Director: Narendra Kumar Nanda
  • Secretary & Compliance Officer: A. S. Pardha Saradhi
  • Director, Director-Personnel & Administration: Sandeep Tula

Share holders

  • Government of India(74.9%)
  • Life Insurance Corp. of India(14.3%)
  • The Vanguard Group, Inc.(0.7%)
  • Edgbaston Investment Partners LLP(0.3%)
  • State Bank of India(0.3%)
  • Canara Bank(0.3%)
  • Robeco Institutional Asset Management BV(0.2%)
  • Grantham, Mayo, Van Otterloo & Co. LLC(0.1%)
  • Kotak Mahindra Asset Management Co. Ltd.(0.1%)
  • L&T Investment Management Ltd.(0.1%)

Address

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

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.