# NMDC Steel share price today (NMDC Steel Ltd, NSE: NSLNISP)

> NMDC Steel share price today: ₹38.32 at the NSE close on 3 November 2026, down 11.0% in a year. NMDC Steel (NSE: NSLNISP) is worth ₹11,219 crore, trades at a P/E of 134.2 and has closed between ₹34.53 and ₹50.72 over the past 52 weeks. > NMDC Steel Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NSLNISP · Steel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nmdc-steel-ltd

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## Key numbers

- Price: ₹38.32 (−11.0% in a year)
- P/E: 134.2×, too little history to compare yet
- Revenue (Jun 2026): ₹3,662 Cr (+8.8% on a year ago)
- Profit (Jun 2026): ₹51.0 Cr (+96.2% on a year ago)
- Operating margin: 11.0% (−1.0 points on a year ago)
- ROCE: 3%, FY26

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the NMDC Steel share price today? NMDC Steel Ltd's share price was ₹38.32 at the close on 3 November 2026. It has been falling for 2 weeks. That is 9.3% 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 23% of the way up from that low. 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 +20% 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. ## What changed at NMDC Steel this quarter? 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. ## What dividend does NMDC Steel pay? 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 4 November 2026.)

## What are NMDC Steel's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,662 crore | ₹3,365 crore | +8.8% |
| Profit | ₹51.0 crore | ₹26.0 crore | +96.2% |
| Earnings per share | ₹0.17 | ₹0.09 | +88.9% |
| Operating margin | 11.0% | 12.0% | −1.0 points |

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.)

## What is the NMDC Steel share price history? NMDC Steel closed at ₹38.32 on 3 November 2026, down 11.0% from ₹43.05 a year earlier (31 October 2025) and down 5.8% over three years. Its highest weekly close since February 2023 was ₹70.90 on 2 February 2024. ### NMDC Steel share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹37.56 | +2.0% |
| 1 month ago · 1 Oct 2026 | ₹40.95 | −6.4% |
| 6 months ago · 30 Apr 2026 | ₹42.72 | −10.3% |
| 1 year ago · 31 Oct 2025 | ₹43.05 | −11.0% |
| 3 years ago · 3 Nov 2023 | ₹40.70 | −5.8% |
| Earliest weekly close in our records · 24 Feb 2023 | ₹31.95 | +19.9% |
| Highest weekly close since February 2023 · 2 Feb 2024 | ₹70.90 | −46.0% |
| Lowest weekly close since February 2023 · 31 Mar 2023 | ₹31.05 | +23.4% |
| 52-week high (weekly close) · 4 Jun 2026 | ₹50.72 | −24.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹34.53 | +11.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (200 weekly closes from 24 February 2023 to 3 November 2026.)

## What is the latest news on NMDC Steel? 3 Nov 2026: NMDC Steel closed at ₹38.32, up 2.0% on the week and down 6.4% on the month. Results for April to June 2026: Revenue up 8.8% and profit up 96.2% on a year earlier. ## Which stock lists is NMDC Steel on? NMDC Steel is on 2 of our India lists: Penny stocks and Copper & metal stocks. - [Penny stocks](https://www.sectoralpha.in/penny-stocks-india)
- [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is NMDC Steel profitable? 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. ## How much revenue does NMDC Steel make, and is it growing? 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. 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). ## How much of every ₹100 of sales does NMDC Steel keep? 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. 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. ## Is NMDC Steel's profit turning into cash? 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. 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. ## Where does NMDC Steel's cash go? 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. 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. ## What is NMDC Steel's P/E ratio, and how does it compare with its own history? NMDC Steel Ltd's P/E is 134.2×, 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. 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. ## Is the NMDC Steel business getting better or worse? 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. 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. ## How much does NMDC Steel earn on its capital? 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. 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. ## Does NMDC Steel have too much debt? 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. ## What is the NMDC Steel shareholding pattern? 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. 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%. ## How far is NMDC Steel from balance-sheet trouble? 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. ## How does NMDC Steel rank in its industry? 36.7 out of 100, rank 7 of 10 in Steel, with 79% of the evidence available. NMDC Steel Ltd scores 36.7 out of 100 against the 10 companies it is compared with in Steel, ranking 7. 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: 19.9 + 4.9 + 8.5 + 3.4 = 36.7. 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. ## Which companies is NMDC Steel compared with? NMDC Steel ranks 7 of 10 Steel companies on the 4-Factor Sector Score, with 36.7 out of 100. 1. [Manaksia Steels Ltd](https://www.sectoralpha.in/stocks/manaksia-steels-ltd) MANAKSTEEL · breaking out · Most evidence points up · 81% evidence 72.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 81.2% · Profit 100% · Operating margin change 5.1 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 10% · 100% evidence Valuation 15.9/20 · P/E 12.7× · PEG 0.33 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 53.7% · 1 year n/a · 25% evidence · 11 of 11 weeks ahead Exact sum: 28.6 + 15.3 + 15.9 + 12.5 = 72.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) MWL · leader · Evidence leans up · 100% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 8.8% · Profit 48.6% · Operating margin change 4 points · 100% evidence Capital efficiency 15.4/25 · ROCE 17.7% · Operating margin 11% · 100% evidence Valuation 12.2/20 · P/E 20× · PEG 1.04 · 100% evidence Relative strength 13.2/20 · Lead over its industry 4.1% · Lead over NIFTY 500 18.8% · 1 year 63.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.6 + 15.4 + 12.2 + 13.2 = 57.4 · What this means: Relative strength against the index is 18.8%, and revenue and profit growth are weak. 3. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) JSWSTEEL · turning · Evidence leans up · 75% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 14.1% · Profit 100% · Operating margin change 3 points · 95% evidence Capital efficiency 12.8/25 · ROCE 11% · Operating margin 19% · 76% evidence Valuation 9.8/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry -8.1% · Lead over NIFTY 500 6.8% · 1 year 3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23 + 12.8 + 9.8 + 11.4 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) SAIL · losing its lead · Evidence leans up · 100% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 9.4% · Profit 100% · Operating margin change 4 points · 100% evidence Capital efficiency 9.4/25 · ROCE 7.9% · Operating margin 13% · 100% evidence Valuation 15.4/20 · P/E 11.1× · PEG 0.57 · 100% evidence Relative strength 6.9/20 · Lead over its industry -11.2% · Lead over NIFTY 500 2.4% · 1 year 17.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.8 + 9.4 + 15.4 + 6.9 = 54.5 · What this means: Earnings are strong; relative strength in its sector is -11.2% and the one-year return is 17.6%. 5. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) MUKANDLTD · breaking out · Evidence leans up · 86% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 7.6% · Profit 100% · Operating margin change -3.7 points · 88% evidence Capital efficiency 4.7/25 · ROCE 4.4% · Operating margin 0.5% · 100% evidence Valuation 14.4/20 · P/E 3.2× · PEG n/a · 50% evidence Relative strength 14.1/20 · Lead over its industry -6.6% · Lead over NIFTY 500 8.2% · 1 year -0.6% · 100% evidence · 7 of 12 weeks ahead Exact sum: 18.8 + 4.7 + 14.4 + 14.1 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) TATASTEEL · quiet · Evidence leans down · 89% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 10.5% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 12.5% · Operating margin 15% · 100% evidence Valuation 10.0/20 · P/E 17.7× · PEG 1.74 · 65% evidence Relative strength 0.6/20 · Lead over its industry -20.4% · Lead over NIFTY 500 -7.3% · 1 year -8.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.1 + 12.6 + 10 + 0.6 = 42.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. NMDC Steel Ltd this page NSLNISP · quiet · Evidence leans down · 79% evidence 36.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 41.6% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 4.9/25 · ROCE 3.1% · Operating margin 11% · 100% evidence Valuation 8.5/20 · P/E 132× · PEG n/a · 15% evidence Relative strength 3.4/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -5.9% · 1 year -12.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.9 + 4.9 + 8.5 + 3.4 = 36.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) INDIAHOMES · Too little evidence to rank firmly · 37% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 11094.8 points · 53% evidence Capital efficiency 16.0/31.25 · ROCE 17.5% · Operating margin n/a · 61% evidence Valuation 11.1/25 · P/E 60.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 29.8 + 16 + 11.1 = 56.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Safe Enterprises Retail Fixtures Ltd](https://www.sectoralpha.in/stocks/safe-enterprises-retail-fixtures-ltd) SAFEENTP · turning · Too little evidence to rank firmly · 42% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 15% evidence Capital efficiency 19.1/25 · ROCE 47.1% · Operating margin 35% · 57% evidence Valuation 10.5/20 · P/E 17× · PEG n/a · 15% evidence Relative strength 6.0/20 · Lead over its industry -15.9% · Lead over NIFTY 500 -1.9% · 1 year 20% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 19.1 + 10.5 + 6 = 52.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) RSL · breaking out · Too little evidence to rank firmly · 45% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/43.75 · Revenue n/a · Profit n/a · Operating margin change 0 points · 48% evidence Capital efficiency 18.9/31.25 · ROCE 25.3% · Operating margin 9% · 100% evidence Valuation 11.4/25 · P/E 23.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 17.1 + 18.9 + 11.4 = 47.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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](https://www.sectoralpha.in/sectors/steel), all 10 compared on one page. ## Which companies are close to NMDC Steel in size? 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](https://www.sectoralpha.in/stocks/jsw-steel-ltd) ₹3,04,704 crore
2. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) ₹2,09,224 crore
3. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) ₹66,501 crore
4. NMDC Steel Ltd ₹11,037 crore
5. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) ₹2,044 crore
6. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) ₹1,406 crore
7. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) ₹1,105 crore

[All 10 Steel companies, largest first](https://www.sectoralpha.in/sectors/steel#all-companies)

### Companies close in size in other industries

1. [DOMS Industries Ltd](https://www.sectoralpha.in/stocks/doms-industries-ltd) ₹11,067 crore · Printing & Stationery
2. [JBM Auto Ltd](https://www.sectoralpha.in/stocks/jbm-auto-ltd) ₹11,060 crore · Auto - Bus/LCVs
3. NMDC Steel Ltd ₹11,037 crore
4. [Pearl Global Industries Ltd](https://www.sectoralpha.in/stocks/pearl-global-industries-ltd) ₹11,030 crore · Textiles - Readymade Apparel
5. [IIFL Capital Services Ltd](https://www.sectoralpha.in/stocks/iifl-capital-services-ltd) ₹10,976 crore · Finance - Capital Markets - Brokers

## What else do people ask about NMDC Steel? ### What is NMDC Steel's share price today? NMDC Steel Ltd's share price is ₹38.32, −11.0% over the past year. The whole company is worth ₹11,219 Cr on the market. In the last 52 weeks it traded between ₹35 to ₹51; today it is 23% of the way up from the low, 9.3% below its 200-day average (as of 3 November 2026). ### What were NMDC Steel's latest quarterly results? NMDC Steel Ltd reported revenue of ₹3,662 Cr and net profit of ₹51.0 Cr for the Jun 2026 quarter. Revenue rose 8.8% and profit rose 96.2% compared with a year earlier. Earnings per share were ₹0.17. The operating margin was 11.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is NMDC Steel's market cap? NMDC Steel Ltd's market capitalisation is ₹11,219 Cr at a share price of ₹38.32. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NMDC Steel performing? NMDC Steel Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 8.8% and profit rose 96.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 6 weeks running (as of 3 November 2026). ### Will NMDC Steel's share price go up? This page does not forecast NMDC Steel Ltd's share price. What it shows instead: the share price is ₹38.32, and it has been falling for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does NMDC Steel have too much debt? NMDC Steel Ltd has a moderate amount of debt: its debt is 0.35× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹4,613 Cr against equity of ₹13,174 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is NMDC Steel in its business cycle? NMDC Steel Ltd's FY26 operating margin was 11.0%, against a 3-year range of −47.0% to 11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NMDC Steel story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NMDC Steel a stock worth studying right now? What the numbers show: NMDC Steel Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

This is research, not advice. We’re not SEBI-registered.