NSLNISP
NMDC Steel share price & financials
- Price
- ₹46.88
- Market cap
- ₹12.8k Cr
- Sector
- Metals & Mining
What NMDC Steel does
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)
Quarterly results
Q1 FY27: revenue up 8.8%, net profit up 96.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,522 | 2,120 | 2,838 | 3,365 | 3,390 +123% | 3,008 +42% | 3,879 +37% | 3,662 +9% |
| EBITDA | -441 | -656 | -291 | 408 | 207 +147% | 98 +115% | 806 +377% | 400 −2% |
| Net profit | -595 | -758 | -473 | 26 | -115 +81% | -244 +68% | 392 +183% | 51 +96% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −3.0% 1Y
1Y: ₹45.02 on 10 Sept 2025 → ₹43.66. High ₹52.55 (2 Jun 2026), low ₹33.2 (30 Mar 2026).
Financials, as filed
Revenue grew 111.5% a year over 2 years, FY24 to FY26. Operating margin widened to 11.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹3.0k Cr | ₹8.5k Cr | ₹13.6k Cr |
| Operating profit | ₹-1.4k Cr | ₹-1.8k Cr | ₹1.5k Cr |
| Operating margin | -47.1% | -21.0% | 11.1% |
| Interest | ₹330 Cr | ₹651 Cr | ₹486 Cr |
| Depreciation | ₹553 Cr | ₹953 Cr | ₹1.0k Cr |
| Net profit | ₹-1.6k Cr | ₹-2.4k Cr | ₹59 Cr |
| Net margin | -51.2% | -27.9% | 0.4% |
| Cash from operations | ₹-2.8k Cr | ₹2.0k Cr | ₹1.8k Cr |
| Free cash flow | ₹-3.4k Cr | ₹1.5k Cr | ₹1.5k Cr |
| ROCE | -9.0% | -13.0% | 3.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹2.9k Cr | ₹2.9k Cr | ₹2.9k Cr | ₹2.9k Cr |
| Reserves | ₹0 Cr | ₹17.0k Cr | ₹14.1k Cr | ₹12.6k Cr | ₹10.1k Cr | ₹10.2k Cr |
| Borrowings | ₹0 Cr | ₹1.7k Cr | ₹3.8k Cr | ₹6.7k Cr | ₹5.3k Cr | ₹4.6k Cr |
| Other liabilities | ₹0 Cr | ₹1.8k Cr | ₹4.7k Cr | ₹7.2k Cr | ₹9.5k Cr | ₹10.5k Cr |
| Total liabilities | ₹0 Cr | ₹20.5k Cr | ₹25.6k Cr | ₹29.4k Cr | ₹27.9k Cr | ₹28.2k Cr |
| Fixed assets | ₹0 Cr | ₹1.1k Cr | ₹1.1k Cr | ₹20.3k Cr | ₹19.8k Cr | ₹19.5k Cr |
| Capital work in progress | ₹0 Cr | ₹17.0k Cr | ₹19.5k Cr | ₹1.2k Cr | ₹647 Cr | ₹570 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹0 Cr | ₹2.3k Cr | ₹4.9k Cr | ₹7.9k Cr | ₹7.5k Cr | ₹8.2k Cr |
| Total assets | ₹0 Cr | ₹20.5k Cr | ₹25.6k Cr | ₹29.4k Cr | ₹27.9k Cr | ₹28.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.81 pp while the public trimmed −0.70 pp. The shareholder count shrank 9% to 7,11,902.
- Promoters
- 60.8%
- FIIs
- 5.5%
- DIIs
- 15.8%
- Public
- 17.9%
Since Jun 2025
- FIIs +0.81 pp
- Public −0.70 pp
- DIIs −0.12 pp
How it drifted, 12 quarters
Over this window DIIs fell from 20.2% to 15.8% — −4.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 60.8%, FIIs 3.9%, DIIs 20.2%, Public 15.1%.Dec '23: Promoters 60.8%, FIIs 4.3%, DIIs 19.1%, Public 15.8%.Mar '24: Promoters 60.8%, FIIs 4.6%, DIIs 16.9%, Public 17.6%.Jun '24: Promoters 60.8%, FIIs 4.5%, DIIs 16.2%, Public 18.5%.Sep '24: Promoters 60.8%, FIIs 4.6%, DIIs 16.1%, Public 18.6%.Dec '24: Promoters 60.8%, FIIs 4.6%, DIIs 16.0%, Public 18.6%.Mar '25: Promoters 60.8%, FIIs 4.6%, DIIs 16.0%, Public 18.6%.Jun '25: Promoters 60.8%, FIIs 4.7%, DIIs 15.9%, Public 18.6%.Sep '25: Promoters 60.8%, FIIs 5.1%, DIIs 15.3%, Public 18.8%.Dec '25: Promoters 60.8%, FIIs 4.8%, DIIs 15.7%, Public 18.7%.Mar '26: Promoters 60.8%, FIIs 4.8%, DIIs 15.8%, Public 18.5%.Jun '26: Promoters 60.8%, FIIs 5.5%, DIIs 15.8%, Public 17.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of NMDC Steel above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| President Of India | 60.79% | unchanged |
| Life Insurance Corporation Of India 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 Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.33 L shares (+0.4%).
- Held by funds
- ₹37 Cr
- 7 schemes
- Biggest holder
- SBI Contra Fund
- ₹12 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Contra Fund SBI Mutual Fund | ₹12 Cr | held | Oct '22 |
| SBI Comma Fund SBI Mutual Fund | ₹11 Cr | held | Jun '26 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹8 Cr | +0.22 L | Apr '23 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | +0.10 L | Apr '23 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 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 Aug 2026
4 added, 1 trimmed — net +32,978 shares (+0.4%)
- Funds are sitting on
- +10%
- vs est. average cost
- Held by funds
- ₹37 Cr
- 7 schemes · ≈ 0.29% of the company
- Biggest holder
- SBI Contra Fund
- ₹12 Cr · 0.0% of that fund
Shares held by these funds −67%
Aug '23 79.36 L shares Jul '26
Learn to analyse NMDC Steel
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