Recently registered on the stock exchange, NMDC Steel Ltd has continuously traded over the fifty rupee threshold since mid-December 2023. Although not many investors have profited from stock purchases made on the exchange, there have been ups and downs for the stock as well. The Ministry of Steel oversees NMDC steel share price prediction Limited, and the Indian government owns 60.8% of the business.
This article will review NMDC Steel's quarterly financial performance and present the company's share price target for 2025.
NMDC Steel Latest News
The NMDC steel share price target. The stock exchange is currently down 1.89%, not a huge amount. During the last six months of trading on the National Stock Exchange, NSL NISP NSE stock has performed well for its investors despite being a newcomer to the stock market.
In order to make green steel a reality and to develop a technology that would allow low-grade iron ore mines to be directly utilized in the ironmaking process, NMDC Steel Ltd. and the University of Hyderabad signed a contract earlier in March. Aside from this, the agreement has focused on exploring other technical fields and creating a technique to mine waste usage.
NMDC Steel Latest News
- NMDC steel share price target is marginally down by 1.89 % on the NSE. NMDC Steel is a new entrant in the stock market and its stock has been performing well for its shareholders over the past half year of trading on NSE.
- In March this year, NMDC steel Ltd signed an agreement with the University, Hyderabad, to work towards the development of green steel and to develop a technology to directly exploit low grade iron ore mines for the process of ironmaking. The agreement also included the development of a technology for the utilization of mine waste and exploration of other technical areas.
NMDC Steel Share Price Target 2021-23
YearMaximum TargetMinimumTarget
2021
2022
2023Rs 57.45Rs 31.05
(NMDC steel share price prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment)
NMDC Steel Share Price Target 2024
Month (2024)Maximum TargetMinimumTarget
January
February
March
April
MayRs 66.72Rs 52.21JuneRs 73.70Rs 51.60JulyRs 79.80Rs 51.21AugustRs 81.89Rs 61.22SeptemberRs 87.89Rs 61.35OctoberRs 91.90Rs 61.30NovemberRs 98.00Rs 61.31DecemberRs 109.01Rs 71.32
(Expert Advice is recommended before making any investment-related commitment)
Month (2025)Maximum TargetMinimumTarget JanuaryRs 116.11Rs 71.48FebruaryRs 126.22Rs 81.42MarchRs 132.22Rs 81.46AprilRs 139.33Rs 81.44MayRs 145.14Rs 91.55JuneRs 157.44Rs 91.55JulyRs 163.54Rs 91.55AugustRs 168.65Rs 91.56SeptemberRs 175.65Rs 101.66OctoberRs 186.76Rs 101.66NovemberRs 194.86Rs 101.67DecemberRs 200.87Rs 101.67
(Expert Advice is recommended before making any investment-related commitment)
NMDC Steel Share Price Target 2026 to NMDC steel share price target 2030
Year Maximum TargetMinimum Target2026Rs 295.03Rs 121.702027Rs 386.04Rs 145.282028Rs 475.49Rs 168.202029Rs 568.25Rs 199.202030Rs 695.00Rs 225.01
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment
NSLNISP: NSE Financials 2023
NMDC Steel Market Capitalisation: 18,272.33 Crores INR
NMDC Steel Reserves and Borrowings: 22,039.24 Cr INR and 0.00 Cr INR (March 2023) Respectively
NMDC Steel 52 Week High-Low: Rs 73.25 – Rs 36.10
NMDC Steel Ltd Financials Q4 FY23Revenue9.26 Billion INR Operating expense7.17 Billion INR Net Income-5.68 Million INR Net Profit Margin-61.39 Earnings Per Share EBITDA-5.98 Billion INR Effective Tax Rate24.54% Total Assets Total Liabilities Total Equity169.17 Billion INR Return on assets Return on Capital-7.18% P/E Ratio Dividend Yield
NMDC Steel LTD Competitors (Market Cap: 18,272.24 crores INR)
- JSW Steel Market Cap: 215,737.95 crores INR
- Tata Steel Market Cap: 205,978.27 crores INR
- Hindalco Market Cap: 144,810.63 crores INR
- Jindal Steel Market Cap: 94,832.49 crores INR
Points to consider before investing in NMDC Steel NSE Stock
In comparison to the titans of the steel business, NMDC steel share price prediction 2025 is a relatively new stock on the stock exchange. Even though NMDC Steel Ltd. was only incorporated in 2021, its market capitalization is already rivaling that of well-established major firms like TATA Steel, JSW Steel, and Hindalco. With a market valuation of more than Rs 18,000 crores, NMDC Steel is poised to reach even greater heights. The NFL ISP company's primary goal is to increase its market capitalization to about Rs 50,000 crores. But given how fiercely competitive the Indian steel market is, it will be difficult for NMDC Steel Ltd. to advance in terms of both operational effectiveness and commercial growth.
According to a statement made by Amitva Mukherjee, Chairman and MD of NMDC steel share price prediction 2030, the steel maker company is anticipated to break even as early as Q1, FY25. NMDC Steel Ltd. underwent a ramp-up expansion to reach one lakh tonne in January 2024. Its new capacity of roughly 63,000 to 65,000 tons represents an approximately 50% increase. The goal is to produce about 5,000 coils every day, as that volume will allow the business to break even.
According to NMDC's quarterly reports, revenue in Q4 of FY23 was Rs 9.26 billion, while it was Rs 2.77 billion in Q3 of FY23. NMDC Steel's revenue for Q2 of FY23 was $1.39 billion. This suggests that the company that produces steel is growing at a healthy rate. The real tale, though, is seen in its net income for these quarters. Although growing, NMDC Steel's net income has been declining; in Q2 FY23, it was Rs -655.50 million; in Q3 FY23, it was Rs -1.31 billion; and in Q4 FY23, it was Rs -5.68 billion.
The steel manufacturer has had difficulties over the last four quarters, as evidenced by NMDC Steel India's Quarterly Results. It has, nevertheless, revealed a significant improvement. According to NMDC Steel India Limited's Q4FY23 figures, the company's net income increased 100% year over year to Rs 2.09 million from Rs -36.48 million at the beginning of the fiscal year 2023. This represents the operational effectiveness of this steel company during the quarter.
Conclusion
The stock exchange's history of NMDC Steel's share price is a little rudimentary. Since its February 2023 listing on the National Stock Exchange, NSL NISP NSE has increased in value, trading at Rs 64.75 per share now, up from its initial pricing of Rs 31 per share in February. The share price of NMDC Steel reached its highest point on February 2, 2024, at Rs 70.90 a share. Since then, the stock has held steady. As the new kid on the block is still burning cash, investors can't be all that dissatisfied with its performance on the stock exchange. Mr. Amitva Mukherjee stated that we anticipate breaking even on our profitability by the first half of 2025.
However, it is anticipated that the NSE's NMDC Steel Share Price Target will continue to rise in the future years, and prospective investors may consider seizing this significant opportunity. However, in order to reduce risk factors like market volatility and unintended accidents, investors—especially novice ones—are advised to seek expert guidance.
A detailed investigation and evaluation of the stock and risk factors involved is recommended by India Property Dekho.
