Nmdc share

Story outline • The government, earlier this month, had given its nod to demerge the steel business into a separate listed entity named NDMC Steel. • Any investor, buying shares after Tuesday, October 25, will not be eligible for the shares of NDMC Steel. • Assets worth Rs 18,650 crore and liabilities worth Rs 1,602 crore will be demerged to NMDC Steel. The company fixed October 28 as the record date for the same. Any investor having the delivery of shares in their demat account as of the given date would be considered eligible for the stake in the new entity. The eligible investors will get one share of NDMC Steel of the face value of Rs 10 each, for every share of NDMC of the face value of Re 1 each. Founded in 1958, NMDC is a publicly-run enterprise, under the ownership of the Ministry of Steel, Government of India, and the country’s largest iron ore producer. Since its inception, it has been involved in the exploration of a wide range of minerals, including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands, amongst others. Shares of NMDC dropped more than 2% on Tuesday to Rs 128.15 before marking some recovery. The scrip settled at Rs 130.95 in the previous session. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Mining major NMDC’s Director (Finance) Amitava Mukherjee, who has been holding additional charge as chairman and managing director since March, has got an extension of the additional charge as CMD, for three months. “Ministry of Steel has communicated that the additional charge of the post of CMD NMDC presently assigned to Amitava Mukherjee, Director (Finance) has been extended for a period of three months from June 1 to August 31 or till a regular incumbent joins the post, or until further orders, whichever is the earliest,” the company said on Monday. The Public Enterprises Selection Board (PESB) had in March recommended IAS officer and CMD of Singareni Collieries Company N. Sridhar as NMDC CMD. Mr. Mukherjee has also got extension, for three months, of the additional charge as NMDC Steel CMD, up to August or till a regular incumbent joins the post or until further orders, whichever is the earliest. Customer meet NMDC, which is India’s largest iron ore producer, on Sunday organised a customer meet in Donimalai, Karnataka. It hosted over 30 customers from the steel, sponge iron, pig iron, and pellet industries. Future initiatives to enhance iron ore production in general and from Donimalai in particular was the key agenda. The customers were briefed on production, logistics, future plans and upcoming projects, followed by an interactive session on the company’s product quality, delivery and customer service, NMDC said. The company operates three fully mechanised iron ore ...

Bole Toh? 1. Is NMDC Ltd a good quality company? Past good quality company. 2. Is NMDC Ltd undervalued or overvalued? The Fair zone. 3. Is NMDC Ltd a good buy now? The Semi Strong which suggest that the price of NMDC Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing. Value Creation ⓘ Value Creation Index Colour Code Guide ⓘ Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 TTM ROCE % ⓘ 23.1% 22.1% 20.6% 8.6% 9.6% 15.7% 18.1% 13.3% 20.9% 26.7% - Value Creation Index ⓘ 1.1 1.0 0.8 -0.2 -0.2 0.4 0.6 0.2 0.9 1.4 - Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ Sales ⓘ 10,704 12,058 12,356 6,456 8,828 11,615 12,153 11,699 15,370 25,882 17,667 YoY Gr. Rt. % - 12.7% 2.5% -47.8% 36.8% 31.6% 4.6% -3.7% 31.4% 68.4% - Adj EPS ⓘ 16 16 16.2 6.8 8 11.7 15.1 11.9 21.4 32 19.1 YoY Gr. Rt. % - 0.1% 1.3% -58.3% 19.1% 45.8% 28.8% -21.2% 80.2% 49.4% - BVPS (₹) ⓘ 69.4 75.5 81.4 73.6 71.4 77.2 85.1 90.4 102 119.4 77.2 Adj Net Profit ⓘ 6,333 6,338 6,425 2,677 2,543 3,707 4,619 3,641 6,277 9,381 5,600 Cash Flow from Ops. ⓘ 3,097 3,734 3,999 2,502 2,109 3,376 4,002 2,126 7,266 7,639 - Debt/CF from Ops. ⓘ 0 0 0 0.6 0 0.2 0.1 0.3 0.3 0.5 - Key Financial Parameters ⓘ Performance Ratio Colour Code Guide ⓘ Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 TTM Return on Equity % ⓘ 23 22.1 20.7 8.7 9.8 15.8 18.3 13.6 21.8 28.9 19.4 Op. Profit Mgn % ⓘ 68.8 64.4 62.8 42.5 40.7 50 57...

• Stock Returns vs Nifty 100 Stock gave a 3 year return of 27.65% as compared to Nifty 100 which gave a return of 83.77%. (as of last trading session) • Stock Returns vs Nifty Metal Stock generated 27.65% return as compared to Nifty Metal which gave investors 211.67% return over 3 year time period. (as of last trading session) NAME P/E (x) P/B (x) ROE % ROCE % ROA % Rev CAGR [3Yr] OPM NPM Basic EPS Current Ratio Total Debt/ Equity (x) Total Debt/ CFO (x) 5.64 1.40 24.74 26.96 19.82 14.55 36.70 31.34 19.11 3.76 0.02 0.00 5.00 2.43 49.20 27.15 13.33 12.19 27.98 20.34 45.70 1.57 0.07 0.00 -119.72 5.84 -4.87 -4.89 -3.32 -7.50 -7.07 -6.32 -1.61 2.65 0.21 0.00 4.21 0.88 20.96 25.83 17.56 31.68 47.41 34.65 38.23 4.09 0.00 0.00 13.13 1.47 11.16 14.34 9.30 5.13 24.71 18.67 12.31 3.66 0.00 0.00 Add More • Stock Returns vs Nifty 100 Stock gave a 3 year return of 27.65% as compared to Nifty 100 which gave a return of 83.77%. (as of last trading session) • Stock Returns vs Nifty Metal Stock generated 27.65% return as compared to Nifty Metal which gave investors 211.67% return over 3 year time period. (as of last trading session) Meeting Date Announced on Purpose Details May 23, 2023 May 12, 2023 Board Meeting Audited Results & Final Dividend Feb 14, 2023 Feb 02, 2023 Board Meeting Quarterly Results & Interim Dividend Nov 14, 2022 Nov 07, 2022 Board Meeting Quarterly Results Aug 05, 2022 Jul 29, 2022 Board Meeting Quarterly Results Jun 07, 2022 May 05, 2022 COM - • All Types Ex-Date Rec...

Shares of NMDC Ltd started trading ex-demerger on Thursday, a day ahead of the record date for the company's demerger of the steel business that was fixed as Friday, October 28, 2022, for the purpose of identification of shareholders of the demerged company to whom the shares of the resulting company would be required to be issued and allotted by the resulting company pursuant to the scheme. “NMDC’s shareholders (as on 25 October, 2022) will get an additional share of NMDC Steel Limited, which possesses the steel plant (1:1 ratio) i.e. NMDC transfers the steel plant at book value, which is around ₹190 bn ( ₹65/share), and debt of around ₹17 bn. We expect the new shares (NMDC Steel) to list in December 2022 at around ₹36/share," said brokerage and research firm Edelweiss in a note. Adjusting for the steel plant’s demerger, ₹121/share (target price), as per Edelweiss which has maintained its Buy rating on the stock. In July last year, NMDC said its board approved scheme of arrangement between the company, NMDC Steel, and their respective creditors and shareholders, which entailed inter-alia demerger of Nagarnar Iron & Steel Plant (NISP). Under the Scheme, the NISP plant at Nagarnar, Chhattisgarh would be demerged from NMDC to NMDC Steel (NSL),a wholly owned subsidiary of NMDC. “We reckon NMDC would clock around 8% YoY volume growth in 2HFY23 amid increased demand for steel. Meanwhile, we expect iron ore prices to remain subdued, which is factored in our estimates. NMDC would...

Synopsis The Indian market is expected to rise as positive global cues influenced trade. The S&P BSE Sensex gained 100 points, and the Nifty50 market index closed above 18,500 levels. India VIX decreased by 4.09% creating sessions that are choppy. The strategic Call OI maximum for this week is at 18,600 while the maximum Put OI is at 18,500. Stocks suggested for traders who have a short-term trading horizon include Redington, NMDC, Shriram Finance, and BEML. On the other hand, Hero MotoCorp, Mahindra Finance, and L&T, among others, are also suggested for trading by various experts. India VIX was down by 4.09% from 11.59 to 11.12 levels on Friday. Volatility has been cooling off and thus in turn creating swings within a smaller range in the index making it choppy for most part of the session. On the options front, the weekly maximum Call OI is placed at 18600 and then towards 18500 strikes while the maximum Put OI is placed at 18500 and then towards 18400 strikes. Call writing is seen at 18600 then 18800 strikes while Put writing is seen at 18500 then 18300 strikes. “The index formed a small-bodied Bearish candle on a weekly frame but has been forming higher highs from the last ten weeks. It has to hold support of 18442 zones to witness an up move towards 18666 and 18750 zones while on the downside support exists at 18442 and 18333 zones,” recommends Taparia. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Aakash K Hin...

NMDC Dividend 2023: The latest dividend announcement is in addition to the interim dividend of Rs 3.75 per equity share already declared and paid during the financial year. The final dividend for FY23, if declared at the ensuing AGM, will be paid to the shareholders within 30 days from the date of AGM. NMDC’s revenue from operations fell 14 per cent to Rs 5,851 crore for Q4FY23 as against Rs 6,785 crore (best-ever) in the year-ago period. For the full year, the company posted a net profit of Rs 5,538 crore, down 41 per cent from Rs 9,440 crore clocked in the previous fiscal. Revenues for FY23 also dipped to Rs 17,667 crore from Rs 25,965 crore in FY22. The state-owned company's EBITDA came in at Rs 2,162.4 crore, declining by 20.6 per cent in Q4FY23 as against Rs 2,683 crore in Q4FY22. EBITDA margins declined by 3.2 per cent to 37 per cent in the latest quarter versus 40.2 per cent in Q4FY22. NMDC also logged its best ever physical performance in FY23, reporting production of iron ore for the March quarter at 141.26 LT, up from 138.59 LT in January-March 2022 quarter. The latest dividend announcement is in addition to the interim dividend of Rs 3.75 per equity share already declared and paid during the financial year. The final dividend for the financial year 2022-23 of Rs 2.85 per share, if declared at the ensuing AGM, will be paid to the shareholders within 30 days from the date of AGM.