NMDC Steel LimitedNSLNISPCorporate

Steel - Medium / Small Latest results: Sep 2024 4 quarters of data

₹40.24

MCap ₹11,793 Cr

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹1,522 Cr

Sales · Sep 2024

+448.8% YoY

₹-441 Cr

Operating Profit · Sep 2024

-509.9% YoY

-28.9%

OPM % · Sep 2024

-11.2% YoY

₹-595 Cr

Net Profit · Sep 2024

-354.1% YoY

₹-2.03

EPS · Sep 2024

-351.1% YoY

📝 NMDC Steel Limited — results explained

Quarter ended September 2024 (Q2 FY25)

NMDC Steel Limited reported revenue of ₹1,522 crore for the quarter ended September 2024 (Q2 FY25), up 448.8% from ₹277 crore in the same quarter last year, and down 24.7% sequentially over the June 2024 quarter.

The company reported a net loss of ₹595 crore, against a net loss of ₹131 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-2.03.

Operating profit stood at ₹-441 crore — an operating margin (OPM) of -28.9%, compared with -26.0% in the year-ago quarter.

Valuation snapshot

At the current price of ₹40.24, NSLNISP has a market capitalisation of ₹11,793 crore.

Within the Steel - Medium / Small industry, it is the largest of the 56 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 60.79%, foreign institutional investors (FIIs) 4.93%, domestic institutional investors (DIIs) 15.79%, public shareholders 18.48% of NMDC Steel Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹11,793 Cr

Current Price ?

₹40.2

P/E ?

N/A

Industry P/E ?

20.50

P/B ?

0.90

P/S ?

N/A

P/FCF ?

7.73

Enterprise Value ?

₹16,406 Cr

EV/EBITDA ?

N/A

PEG ?

N/A

Earnings Yield ?

N/A

Dividend Yield ?

N/A

Profitability & Returns

Sales (TTM) ?

N/A

OPM ?

N/A

Profit after tax (TTM) ?

N/A

EPS (TTM) ?

N/A

ROCE ?

3.0%

ROE ?

N/A

ROA ?

N/A

Growth

Sales — latest qtr ?

₹1,522 Cr

PAT — latest qtr ?

₹-595 Cr

YoY qtr sales growth ?

448.8%

YoY qtr profit growth ?

-354.1%

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹4,613 Cr

Debt to Equity ?

0.35

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

60.79%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-6.4%

Return 6 months ?

-5.5%

🗓️ Quarterly results (4 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Sep 2023	Mar 2024	Jun 2024	Sep 2024	YoY %	QoQ %
Sales	277	1,846	2,023	1,522	+448.8%	-24.7%
Operating Profit	-72	-956	-401	-441	-509.9%	-9.9%
Other Income	13	90	21	13	+1.9%	-37.1%
Interest	41	155	153	161	+295.2%	+5.2%
Depreciation	75	252	239	240	+222.5%	+0.7%
Profit Before Tax	-175	-1,273	-772	-829	-374.6%	-7.4%
Net Profit	-131	-861	-547	-595	-354.1%	-8.8%
EPS	-0.45	-2.94	-1.87	-2.03	-351.1%	-8.6%
OPM %	-26.0%	-51.8%	-19.8%	-28.9%	-11.2%	-46.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	2,931	2,931	2,931	2,931	+0.0%
Reserves	14,118	12,558	10,184	10,243	+0.6%
Borrowings	3,842	6,662	5,909	4,613	-21.9%
Other Liabilities	4,678	7,218	9,446	10,451	+10.6%
Total Liabilities	25,568	29,368	28,470	28,237	-0.8%
Fixed Assets	1,118	20,273	20,131	19,452	-3.4%
CWIP	19,545	1,215	717	570	-20.5%
Investments	0	0	0	0	—
Other Assets	4,904	7,881	7,621	8,215	+7.8%
Total Assets	25,568	29,368	28,470	28,237	-0.8%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	1,516	-2,825	1,966	1,796	-8.6%
Cash from Investing Activity	-2,189	-228	-506	109	+121.5%
Cash from Financing Activity	1,293	2,439	-1,460	-1,902	-30.3%
Net Cash Flow	620	-614	0	2	—
Free Cash Flow	-639	-3,409	1,538	1,525	-0.8%
CFO/OP	—	196%	-110%	118%	+207.3%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	—	4	8	5	-37.5%
Inventory Days	—	420	148	160	+8.1%
Days Payable	—	284	234	248	+6.0%
Cash Conversion Cycle	—	141	-77	-83	-7.8%
Working Capital Days	—	-92	-213	-175	+17.8%
ROCE %	0%	-9%	-13%	3%	+123.1%

👥 Shareholding (latest 6 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	% Chg
Promoters	60.79%	60.79%	60.79%	60.79%	60.79%	60.79%	+0.0%
FIIs	4.67%	5.13%	4.81%	4.85%	5.49%	4.93%	-10.2%
DIIs	15.90%	15.34%	15.67%	15.85%	15.78%	15.79%	+0.1%
Public	18.63%	18.75%	18.72%	18.50%	17.94%	18.48%	+3.0%
No. of Shareholders	7,81,628	7,61,194	7,40,214	7,21,360	7,11,902	7,05,017	-1.0%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	NSLNISP NMDC Steel	₹42.65	12,499	135.8	13,939	84	10.8%	0.6%	60.4%	102.5%	8.8%	94.3%
2	MAHSEAMLES Maharashtra Seamless	₹713.65	9,563	13.0	4,620	737	15.0%	16.0%	-12.0%	-9.8%	-4.7%	15.7%
3	SUNFLAG Sunflag Iron	₹443.60	7,995	38.8	3,995	206	11.9%	5.1%	11.4%	25.0%	5.5%	4.8%
4	AEROFLEX Aeroflex Industries	₹565.00	7,477	109.5	503	67	23.4%	13.4%	17.3%	5.6%	73.1%	168.5%
5	TIIL Technocraft Industries	₹3,180.20	7,210	21.2	2,931	349	18.2%	11.9%	6.3%	11.6%	27.2%	67.3%
6	MANINDS Man Industries	₹865.65	6,493	31.5	3,875	204	13.7%	5.3%	1.7%	11.4%	41.9%	122.4%
7	GOODLUCK Goodluck India	₹526.15	5,247	8.7	4,404	210	10.0%	4.8%	4.2%	10.1%	30.9%	67.4%
8	BANSALWIRE Bansal Wire	₹308.10	4,823	9.0	4,388	531	8.5%	12.1%	18.6%	276.0%	24.4%	-47.9%
9	DEEDEV DEE Development	₹634.65	4,775	54.6	1,213	81	16.9%	6.6%	38.1%	78.8%	31.6%	22.4%
10	KSL Kalyani Steels	₹957.20	4,189	15.8	1,867	264	19.7%	14.2%	-6.9%	0.6%	4.9%	10.6%
11	VENUSPIPES Venus Pipes	₹1,962.30	4,065	39.1	1,211	104	16.3%	8.6%	21.7%	9.2%	16.1%	5.6%
12	VSSL Vardhman Special	₹398.45	3,852	26.9	1,807	144	10.6%	8.0%	-0.5%	31.9%	12.0%	105.9%
13	JTLIND JTL INDUSTRIES	₹87.38	3,435	28.8	2,314	122	8.2%	5.3%	11.5%	4.4%	32.7%	113.7%
14	RATNAVEER Ratnaveer Precision	₹343.70	2,885	42.6	1,119	67	18.2%	6.0%	19.8%	36.2%	18.9%	20.0%
15	INTERARCH Interarch Building	₹1,700.60	2,860	20.7	1,639	139	11.5%	8.5%	7.3%	28.6%	20.6%	0.9%
16	PENIND Pennar Industries	₹187.68	2,533	17.8	3,645	142	12.4%	3.9%	12.2%	15.7%	2.9%	10.7%
17	RAJRATAN Rajratan Global	₹457.40	2,322	29.1	1,228	80	12.3%	6.5%	23.8%	21.2%	28.9%	64.0%
18	PRAKASH Prakash Industries	₹117.24	2,100	6.7	3,474	313	15.0%	9.0%	-13.3%	-6.2%	-0.5%	-21.7%
19	MSPL MSP Steel	₹33.33	1,889	49.7	2,958	38	6.2%	1.3%	-2.1%	217.0%	16.2%	22.1%
20	MAHASTEEL Mahamaya Steel	₹1,115.00	1,832	183.1	943	10	2.6%	1.1%	10.1%	26.3%	29.3%	22.6%
21	HITECH Hi-Tech Pipes	₹75.00	1,520	20.3	4,821	75	3.8%	1.6%	36.9%	4.2%	78.5%	-4.2%
22	MANAKCOAT Manaksia Coated	₹130.80	1,395	32.3	897	41	9.4%	4.5%	13.2%	164.5%	4.9%	0.7%
23	STEELXIND STEEL EXCHANGE	₹10.36	1,321	40.3	1,029	31	13.0%	3.1%	-7.4%	2.6%	-10.1%	46.9%
24	MWL Mangalam Worldwide	₹42.77	1,270	22.9	1,292	55	9.5%	4.2%	13.9%	72.1%	13.7%	25.6%
25	KAMDHENU Kamdhenu	₹42.92	1,210	14.1	781	86	12.9%	11.0%	2.1%	30.0%	8.7%	38.1%

❓ Frequently asked questions

What was NMDC Steel Limited's revenue in Q2 FY25?

What was NMDC Steel Limited's net profit in Q2 FY25?