NMDC Steel share price today

NMDC Steel Ltd's share price was ₹39.49 at the close on 4 November 2026. It has been falling for 2 weeks. That is 6.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹35 and ₹51, and at that close it sat 31% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today NMDC Steel Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running.

Over the last 3.7 years the share price moved +24% while the NIFTY 500 moved +49%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 8 quarters in a row (every quarter we can compare) and profit up on a year earlier for 6 quarters in a row.

1. Revenue up on a year earlier for 8 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹3,662 crore, +8.8% on a year earlier.

2. Profit up on a year earlier for 6 quarters in a row

   In the June 2026 quarter profit was ₹51 crore, +96.2% on a year earlier.

NMDC Steel has paid no dividend on the NSE since its first NSE close in our records (24 February 2023), the start of the period we checked.

No. NMDC Steel Ltd paid out 0% of its profit as dividends in each of its last 5 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), NMDC Steel reported revenue of ₹3,662 crore, up 8.8% from ₹3,365 crore a year earlier, and a profit of ₹51.0 crore, up 96.2% from ₹26.0 crore.

NMDC Steel results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

NMDC Steel closed at ₹39.49 on 4 November 2026, down 9.2% from ₹43.47 a year earlier (7 November 2025) and down 3.0% over three years. Its highest weekly close since February 2023 was ₹70.90 on 2 February 2024.

NMDC Steel share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

200 weekly closes from 24 February 2023 to 4 November 2026.

4 Nov 2026: NMDC Steel closed at ₹39.49, up 4.9% on the week and down 3.6% on the month. Results for April to June 2026: Revenue up 8.8% and profit up 96.2% on a year earlier.

NMDC Steel is on 2 of our India lists: Penny stocks and Copper & metal stocks.

NMDC Steel Ltd earned ₹51.0 Cr of net profit in the Jun 2026 quarter, +96.2% on the same quarter a year earlier. Full-year FY26 profit was ₹59.0 Cr. That is 1.4% of the quarter's revenue. The same quarter a year earlier earned ₹26.0 Cr. 9 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

NMDC Steel Ltd reported ₹3,662 Cr of revenue in the Jun 2026 quarter, +8.8% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹13,642 Cr. The last four reported quarters add to ₹13,939 Cr.

Revenue is everything the company billed its customers in the period.

A growth rate over several years is not shown, because there are too few years of figures to work one out properly.

FY26 revenue was ₹13,642 Cr, +60.4% on the year before.

Is growth speeding up? Revenue over the last 12 months grew +41.6%, against +65.8% a year over the last 8 quarters (rolling over).

NMDC Steel Ltd's operating margin was 11.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 3 years it has been between −47.0% and 11.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed −1.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

NMDC Steel Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in ₹1,796 Cr of operating cash against ₹59.0 Cr of profit. After ₹216 Cr of spending on assets, ₹1,580 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

NMDC Steel Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −83 days in FY26, down from 141 days in FY24. It spent ₹1,907 Cr on assets over the last 3 years. Customers take 5 days to pay, and stock sits for 160 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹13,642 Cr, each day of that cycle ties up about ₹37.4 Cr, so roughly −₹3,102 Cr is tied up in the business at any time.

FY26: customers took 5 days to pay and stock sat for 160 days, about 5.3 months of sales sitting as stock, for a full cycle of −83 days, shorter than FY24's 141.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 160 days. Customers pay about 5 days after that. Suppliers are paid at 248 days. Together that makes the −83-day cycle.

Spending on assets: ₹1,907 Cr over the last 3 years, against ₹2,548 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹570 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

NMDC Steel Ltd's P/E is 138.3×, with too little history to compare. Its usual P/E (the middle reading) is 214.7×, over 5 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.29.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

NMDC Steel Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

NMDC Steel Ltd earned a ROCE of 3% in FY26. That is up from a low of −200% in FY21. Its return on capital used (ROIC) is 9.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 0.4% net margin and 0.48× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 0.4% net margin × 0.48× asset turnover × 2.14× leverage (assets divided by equity) ≈ 0.4% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 2.1% − 12.0% = −9.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

NMDC Steel Ltd has total debt of ₹4,613 Cr against shareholder equity of ₹13,173 Cr as of Jun 2026, so its debt is 0.35× its equity. Year by year, that ratio went from 0.43 in FY24 to 0.35 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of NMDC Steel Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.3 points over the same period, to 15.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +0.4 points over 8 quarters, to 4.9%; Domestic institutions: −0.3 points over 8 quarters, to 15.8%; Promoters: +0.0 points over 8 quarters, to 60.8%.

For NMDC Steel Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

37.2 out of 100, rank 8 of 10 in Steel, with 79% of the evidence available.

NMDC Steel Ltd scores 37.2 out of 100 against the 10 companies it is compared with in Steel, ranking 8. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 20.4 + 4.9 + 8.5 + 3.4 = 37.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

NMDC Steel ranks 8 of 10 Steel companies on the 4-Factor Sector Score, with 37.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Steel, all 10 compared on one page.

NMDC Steel is the 4th largest of 10 Steel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: JSW Steel, Tata Steel and Steel Authority of India. Just below it: Mukand, Rajputana Stainless and Mangalam Worldwide.

Steel companies close in size

1. JSW Steel Ltd ₹3,04,704 crore
2. Tata Steel Ltd ₹2,09,224 crore
3. Steel Authority of India Ltd ₹66,501 crore
4. NMDC Steel Ltd ₹11,037 crore
5. Mukand Ltd ₹2,044 crore
6. Rajputana Stainless Ltd ₹1,402 crore
7. Mangalam Worldwide Ltd ₹1,105 crore

All 10 Steel companies, largest first

Companies close in size in other industries

557. DOMS Industries Ltd ₹11,067 crore · Printing & Stationery
558. JBM Auto Ltd ₹11,060 crore · Auto - Bus/LCVs
559. NMDC Steel Ltd ₹11,037 crore
560. IIFL Capital Services Ltd ₹11,012 crore · Finance - Capital Markets - Brokers
561. RRP Semiconductor Ltd ₹10,960 crore · Trading

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.