NMDC Limited

BSE:526371 Stock Report

Market Cap: ₹588.6b

NMDC Valuation

Is 526371 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 526371 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 526371 (₹66.95) is trading below our estimate of fair value (₹113.43)

Significantly Below Fair Value: 526371 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 526371?

Key metric: As 526371 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 526371. This is calculated by dividing 526371's market cap by their current earnings.
What is 526371's PE Ratio?
PE Ratio9.7x
Earnings₹60.80b
Market Cap₹588.61b

Price to Earnings Ratio vs Peers

How does 526371's PE Ratio compare to its peers?

The above table shows the PE ratio for 526371 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.4x
SAIL Steel Authority of India
18.3x28.8%₹461.5b
JINDALSTEL Jindal Steel & Power
18.5x33.2%₹936.7b
JSL Jindal Stainless
23.1x29.5%₹565.6b
533758 APL Apollo Tubes
73.6x29.0%₹421.9b
526371 NMDC
9.7x11.3%₹588.6b

Price-To-Earnings vs Peers: 526371 is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (33.4x).

Price to Earnings Ratio vs Industry

How does 526371's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.9xn/aUS$376.61m
526608 Electrotherm (India)
4xn/aUS$175.32m
PRAKASHSTL Prakash Steelage
3.9xn/aUS$16.42m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.07m
526371 9.7xIndustry Avg. 25.8xNo. of Companies30PE01632486480+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 526371 is good value based on its Price-To-Earnings Ratio (9.7x) compared to the Indian Metals and Mining industry average (25.8x).

Price to Earnings Ratio vs Fair Ratio

What is 526371's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

526371 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: 526371 is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 526371 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹66.95
₹80.88
+20.8%
15.6%₹108.33₹60.00n/a19
Dec ’25₹76.65
₹80.88
+5.5%
15.6%₹108.33₹60.00n/a19
Nov ’25₹74.22
₹80.14
+8.0%
16.6%₹108.33₹60.00n/a19
Oct ’25₹81.28
₹79.39
-2.3%
17.6%₹108.33₹56.67n/a19
Sep ’25₹74.25
₹79.44
+7.0%
17.6%₹108.33₹56.67n/a19
Aug ’25₹80.90
₹83.32
+3.0%
18.8%₹108.33₹56.67n/a19
Jul ’25₹83.88
₹83.04
-1.0%
19.5%₹108.33₹56.67n/a19
Jun ’25₹86.72
₹82.02
-5.4%
18.3%₹100.33₹56.67n/a18
May ’25₹84.77
₹74.00
-12.7%
19.6%₹96.67₹51.67n/a18
Apr ’25₹70.87
₹74.45
+5.1%
20.3%₹96.67₹51.67n/a17
Mar ’25₹77.05
₹74.96
-2.7%
21.1%₹96.67₹51.67n/a17
Feb ’25₹75.12
₹62.06
-17.4%
20.1%₹87.00₹38.33n/a18
Jan ’25₹70.52
₹58.07
-17.6%
17.1%₹76.00₹38.33n/a18
Dec ’24₹60.68
₹55.93
-7.8%
16.6%₹66.67₹38.33₹76.6519
Nov ’24₹51.17
₹49.77
-2.7%
16.1%₹62.67₹37.67₹74.2219
Oct ’24₹49.28
₹48.22
-2.2%
15.7%₹60.00₹35.00₹81.2820
Sep ’24₹43.50
₹45.47
+4.5%
12.9%₹60.00₹35.00₹74.2520
Aug ’24₹38.95
₹44.16
+13.4%
13.4%₹60.00₹35.00₹80.9019
Jul ’24₹34.88
₹44.39
+27.2%
13.7%₹60.00₹35.00₹83.8818
Jun ’24₹35.62
₹45.22
+27.0%
12.7%₹60.00₹37.67₹86.7218
May ’24₹36.20
₹46.61
+28.8%
11.4%₹60.00₹37.67₹84.7718
Apr ’24₹37.20
₹47.07
+26.5%
10.4%₹60.00₹40.00₹70.8718
Mar ’24₹38.17
₹46.74
+22.5%
11.0%₹60.00₹40.00₹77.0518
Feb ’24₹40.30
₹44.44
+10.3%
13.2%₹54.33₹34.67₹75.1219
Jan ’24₹41.03
₹43.40
+5.8%
12.3%₹54.33₹34.67₹70.5219
Dec ’23₹39.98
₹43.82
+9.6%
12.8%₹54.33₹34.67₹60.6819

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 21:49
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NMDC Limited is covered by 46 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Bhavesh ChauhanAngel Broking Private Limited
null nullAntique Stockbroking Ltd.