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Earnings Call

NMDC Earnings Call: Key Takeaways

NMDC achieved 53 million tons production in FY26, crossing ₹31,000Cr revenue. Management is targeting 100MT capacity by 2030, supported by diversification into coal and rare earths.

Why this was an Alfa AlertNot a filter event. Results were in line with or slightly exceeded expectations without a specific prior quantitative guidance range beat of 10%+.
Highlights
Revenue growthFY26 revenue crossed ₹31,000Cr mark.
MarginsEBITDA margin expected at 42-43% for standalone iron ore business.
Demand visibilityStrong; major customers like JSW and AMNS are expanding capacity.
Management confidenceHigh; seeking Maharatna status and targeting 100MT production by 2030.

Growth

11% PAT growth in FY26; sales revenue reached ₹31,000Cr. Production surpassed 50MT, growing 20-30% across parameters.

Outlook

FY27 production target of 60MT. FY27 capex guided at ₹6,000Cr, rising to ₹7,000-10,000Cr annually for expansion.

Risks

Sluggish iron ore prices; pending regulatory approvals for new mines; higher employee costs from pay revisions.

Source

Earnings Call filed with BSE, NSE: NMDC. Summary written with AI assistance from the document.

Read the document ↗

NMDC Ltd: key numbers

Share price
₹79.90
Market cap
₹70,247 Cr
Revenue (annual)
₹32,071 Cr
Net profit (annual)
₹7,450 Cr
P/E (TTM)
9.4×Sector 19.0×
Promoter holding
60.79%+0.00% QoQ
FII holding
13.59%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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pellet plant capacity
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NMDC Limited has revised its iron ore prices effective September 9, 2026, setting Lump Ore at ₹5,400 per ton and Fines at ₹4,500 per ton.

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