NMDC Limited

BSE:526371 Stock Report

Market Cap: ₹637.8b

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 (₹217.65) is trading below our estimate of fair value (₹278.73)

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 Ratio10.5x
Earnings₹60.80b
Market Cap₹637.85b

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 Average31.2x
JINDALSTEL Jindal Steel & Power
17.5x33.2%₹888.7b
SAIL Steel Authority of India
15.6x21.1%₹456.8b
JSL Jindal Stainless
22x29.5%₹539.6b
533758 APL Apollo Tubes
69.5x29.0%₹398.5b
526371 NMDC
10.5x10.9%₹637.8b

Price-To-Earnings vs Peers: 526371 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (31.2x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.7xn/aUS$365.09m
526608 Electrotherm (India)
3.1xn/aUS$141.14m
PRAKASHSTL Prakash Steelage
3.8xn/aUS$16.51m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.40m
526371 10.5xIndustry Avg. 23.8xNo. of Companies26PE01632486480+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 526371 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the Indian Metals and Mining industry average (23.8x).

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 Ratio10.5x
Fair PE Ratio32.6x

Price-To-Earnings vs Fair Ratio: 526371 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (32.6x).

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₹217.65
₹242.63
+11.5%
15.6%₹325.00₹180.00n/a19
Nov ’25₹222.65
₹240.42
+8.0%
16.6%₹325.00₹180.00n/a19
Oct ’25₹243.85
₹238.16
-2.3%
17.6%₹325.00₹170.00n/a19
Sep ’25₹222.75
₹238.32
+7.0%
17.6%₹325.00₹170.00n/a19
Aug ’25₹242.70
₹249.95
+3.0%
18.8%₹325.00₹170.00n/a19
Jul ’25₹251.65
₹249.11
-1.0%
19.5%₹325.00₹170.00n/a19
Jun ’25₹260.15
₹246.06
-5.4%
18.3%₹301.00₹170.00n/a18
May ’25₹254.30
₹222.00
-12.7%
19.6%₹290.00₹155.00n/a18
Apr ’25₹212.60
₹223.35
+5.1%
20.3%₹290.00₹155.00n/a17
Mar ’25₹231.15
₹224.88
-2.7%
21.1%₹290.00₹155.00n/a17
Feb ’25₹225.35
₹186.17
-17.4%
20.1%₹261.00₹115.00n/a18
Jan ’25₹211.55
₹174.22
-17.6%
17.1%₹228.00₹115.00n/a18
Dec ’24₹182.05
₹167.79
-7.8%
16.6%₹200.00₹115.00n/a19
Nov ’24₹153.50
₹149.32
-2.7%
16.1%₹188.00₹113.00₹222.6519
Oct ’24₹147.85
₹144.65
-2.2%
15.7%₹180.00₹105.00₹243.8520
Sep ’24₹130.50
₹136.40
+4.5%
12.9%₹180.00₹105.00₹222.7520
Aug ’24₹116.85
₹132.47
+13.4%
13.4%₹180.00₹105.00₹242.7019
Jul ’24₹104.65
₹133.17
+27.2%
13.7%₹180.00₹105.00₹251.6518
Jun ’24₹106.85
₹135.67
+27.0%
12.7%₹180.00₹113.00₹260.1518
May ’24₹108.60
₹139.83
+28.8%
11.4%₹180.00₹113.00₹254.3018
Apr ’24₹111.60
₹141.22
+26.5%
10.4%₹180.00₹120.00₹212.6018
Mar ’24₹114.50
₹140.22
+22.5%
11.0%₹180.00₹120.00₹231.1518
Feb ’24₹120.90
₹133.32
+10.3%
13.2%₹163.00₹104.00₹225.3519
Jan ’24₹123.10
₹130.21
+5.8%
12.3%₹163.00₹104.00₹211.5519
Dec ’23₹119.95
₹131.47
+9.6%
12.8%₹163.00₹104.00₹182.0519
Nov ’23₹104.55
₹131.43
+25.7%
15.2%₹183.00₹93.16₹153.5020

Analyst Forecast: Target price is less than 20% higher than the current share price.

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