NMDC Steel share price & results
- Jun 2026
- Sept 2026
Operates a 3 MTPA greenfield integrated steel plant at Nagarnar, Chhattisgarh, making hot-rolled coils, sheets and plates.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,662 | +8.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 51.0 | +96.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 0.64 | +17.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 11.18 | −6.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 41.58 | −118.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −11.5% 1Y
1Y: ₹44.49 on 24 Oct 2025 → ₹39.39. High ₹52.55 (2 Jun 2026), low ₹33.2 (30 Mar 2026).
- Previous close
- ₹38.56
- Market cap
- ₹11.3k Cr
- 52-week range
- ₹33.2 – ₹52.55
- One year
- −13.64%
- Price to earnings (TTM to Jun 2026)
- 134.31×
- Return on equity (TTM to Jun 2026)
- 0.64%
Overview
- Symbol
- NSE:NSLNISP
- Sector
- Metals & Mining
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What NMDC Steel does
Based on the company's own presentations, annual report and earnings calls.
NMDC Steel runs a single, integrated steelmaking plant at Nagarnar in Bastar, Chhattisgarh, covering the full value chain from raw-material handling and sintering through coke ovens, a blast furnace, steel melting shop, thin slab caster and hot strip mill to finished hot-rolled coils, sheets, plates and pig iron. It commenced commercial production of hot-rolled coils in August 2023 and FY2024-25 was its first full year of commercial operations. The plant is sited near NMDC's Bailadila iron-ore reserves and is connected by rail and road to Raipur, Visakhapatnam and other cities, supplying steel to infrastructure, automotive/mobility, energy (oil & gas) and engineering/fabrication customers. It also produces special (value-added) grade steel for automotive and structural applications.
- Installed annual capacity (crude steel/hot metal)
- 3.31 MTPA (Steel Melting Shop); plant designed for 3 MTPA
- Blast furnace
- 1 (4,506 m³ volume, among India's largest by volume; 9,500 tonnes/day hot metal design capacity)
- Steel Melting Shop
- 2 x 175T Basic Oxygen Furnace (BOF) converters
- Hot Strip Mill configuration
- 2 Roughing Mills + 4 Finishing Mills (2RM+4FM), 2.9 MTPA capacity
- Coke oven batteries
- 2 (first and second batteries commissioned sequentially)
- Manufacturing sites
- 1 integrated steel plant (Nagarnar, Bastar, Chhattisgarh)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +96% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,522 | 2,120 | 2,838 | 3,365 | 3,390 | 3,008 | 3,879 | 3,662 |
| Expenses | 1,963 | 2,776 | 3,129 | 2,958 | 3,183 | 2,910 | 3,073 | 3,262 |
| Operating profit | -441 | -656 | -291 | 408 | 207 | 98 | 806 | 400 |
| Operating margin | −29.0% | −31.0% | −10.0% | 12.0% | 6.0% | 3.2% | 21.0% | 11.0% |
| Other income | 13 | 18 | 19 | 20 | 21 | 19 | 26 | 43 |
| Interest | 161 | 165 | 172 | 134 | 128 | 128 | 96 | 126 |
| Depreciation | 240 | 253 | 221 | 258 | 283 | 252 | 249 | 242 |
| Profit before tax | -829 | -1,056 | -664 | 36 | -183 | -264 | 486 | 74 |
| Tax rate | −28.0% | −28.0% | −29.0% | 29.0% | −37.0% | −8.0% | 19.0% | 32.0% |
| Net profit | -595 | -758 | -473 | 26 | -115 | -244 | 392 | 51 |
| EPS (₹ per share) | -2.03 | -2.59 | -1.62 | 0.09 | -0.39 | -0.83 | 1.34 | 0.17 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 3,049 | 8,503 | 13,642 |
| Expenses | 4,486 | 10,292 | 12,124 |
| Operating profit | -1,437 | -1,789 | 1,519 |
| Other income | 119 | 71 | 86 |
| Interest | 330 | 651 | 486 |
| Depreciation | 553 | 953 | 1,042 |
| Profit before tax | -2,201 | -3,321 | 75 |
| Net profit | -1,560 | -2,373 | 59 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 2,931 | 2,931 | 2,931 | 2,931 | 2,931 |
| Reserves | 17,049 | 14,118 | 12,558 | 10,184 | 10,095 | 10,243 |
| Borrowings | 1,691 | 3,842 | 6,662 | 5,909 | 5,310 | 4,613 |
| Other liabilities | 1,765 | 4,678 | 7,218 | 9,444 | 9,546 | 10,451 |
| Total liabilities | 20,504 | 25,568 | 29,368 | 28,467 | 27,881 | 28,237 |
| Fixed assets | 1,132 | 1,118 | 20,273 | 20,131 | 19,763 | 19,452 |
| Capital work in progress | 17,038 | 19,545 | 1,215 | 717 | 647 | 570 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 2,334 | 4,904 | 7,881 | 7,619 | 7,470 | 8,215 |
| Total assets | 20,504 | 25,568 | 29,368 | 28,467 | 27,881 | 28,237 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 743 | 1,516 | -2,825 | 1,966 | 1,796 |
| Cash from investing | 0 | -1,891 | -2,189 | -228 | -506 | 109 |
| Cash from financing | 0 | 1,144 | 1,293 | 2,439 | -1,460 | -1,902 |
| Net cash flow | 0 | -4 | 620 | -614 | 0 | 2 |
| Free cash flow | 0 | -1,148 | -639 | -3,409 | 1,538 | 1,525 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | — | — | — | 4 | 8 | 5 |
| Inventory days | — | — | — | 420 | 148 | 160 |
| Days payable | — | — | — | 284 | 234 | 248 |
| Cash conversion cycle | — | — | — | 141 | -77 | -83 |
| Working capital days | — | — | — | -92 | -213 | -175 |
| Return on capital employed | −200.0% | 0.0% | 0.0% | −9.0% | −13.0% | 3.0% |
| Dividend payout | 0.0% | — | — | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
From steel segment contributes 100.0% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- From steel segment 100.0%
₹3,661.84 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| From steel segment | 3,661.84 | 100.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹3,661.84 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹3,661.84 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 60.79% as of Sept 2026; institutions cut 0.55 pts since Jun 2026.
- Promoters 60.79%
- Foreign institutions 4.93%
- Domestic institutions 15.78%
- Public 18.49%
Who is on the register
Named in the Sep 2026 filing
Every holder of NMDC Steel above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 60.79% | unchanged | |
| Insurer | 13.47% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in NSLNISP
Filings to Sep 2026
0 new, 0 added, 5 trimmed, 0 sold out — net −1.10 L shares (−1.4%).
- Held by funds
- ₹32 Cr
- 7 schemes
- Biggest holder
- SBI Contra Fund
- ₹11 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Contra Fund SBI Mutual Fund | ₹11 Cr | held | Oct '22 |
| SBI Comma Fund SBI Mutual Fund | ₹10 Cr | held | Jun '26 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹7 Cr | −0.55 L | Apr '23 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | −0.28 L | Apr '23 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | −0.25 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.01 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | −0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 5 trimmed — net −1.10 L shares (−1.4%)
- Funds are sitting on
- -7%
- vs est. average cost
- Held by funds
- ₹32 Cr
- 7 schemes · ≈ 0.27% of the company
- Biggest holder
- SBI Contra Fund
- ₹11 Cr · 0.0% of that fund
Shares held by these funds −76%
Oct '23 78.60 L shares Sep '26
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