NMDC Steel Share Price Target 2025, 2026, and 2030 

Newly listed company on the Stock Exchange is NMDC Steel Ltd. The company is trading above 50 Rupees on the Stock Exchange since mid December 2023. Few investors have made a profit by investing in NMDC Steel on the Stock Exchange. NMDC Steel has gone through a few ups and downs in the history of the company.

The company is owned by the Government of India. The Government owns 60.8% stake in NMDC Steel Limited. NMDC Steel is a part of the Department of Steel.

In this article, you will get to know about NMDC Steel quarterly financial results and NMDC Steel share price target 2025.

NMDC Steel Latest News

NMDC steel share price target has fallen marginally by Rs. 1.89 on the National Stock Exchange (NSE). NMDC steel is a new company on the stock market. The stock of NMDC Steel has been doing well for the shareholders in the last six months of trading on the stock exchange.

NMDC steel Ltd has signed an agreement in March this year with the University of Hyderabad to develop green steel and develop a technology for direct exploitation of low-grade iron ore mines in the process of making iron. In the agreement, NMDC Steel Ltd has also developed a technology for utilising mine waste and exploring 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 52.21

JuneRs 73.70Rs 51.60

JulyRs 79.80Rs 51.21

AugustRs 81.89Rs 61.22

SeptemberRs 87.89Rs 61.35

OctoberRs 91.90Rs 61.30

NovemberRs 98.00Rs 61.31

DecemberRs 109.01Rs 71.32(Expert Advice is recommended before making any investment-related commitment)

NMDC steel share price target 2025

Month (2025)Maximum TargetMinimumTarget 

JanuaryRs 116.11Rs 71.48

FebruaryRs 126.22Rs 81.42

MarchRs 132.22Rs 81.46

AprilRs 139.33Rs 81.44

MayRs 145.14Rs 91.55

JuneRs 157.44Rs 91.55

JulyRs 163.54Rs 91.55

AugustRs 168.65Rs 91.56

SeptemberRs 175.65Rs 101.66

OctoberRs 186.76Rs 101.66

NovemberRs 194.86Rs 101.67

DecemberRs 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 Target

2026Rs 295.03Rs 121.702027Rs 386.04Rs 145.28

2028Rs 475.49Rs 168.20

2029Rs 568.25Rs 199.20

2030Rs 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 FY23

Revenue9.26 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

NMDC steel share price prediction 2025 has entered the stock market as a new entrant compared to the established names in the steel sector. Although the company was established in 2021, its market capitalisation is higher than the market capitalisations of the leading players such as TATA steel, JSW steel, Hindalco etc. NMDC Steel's market cap is more than Rs 18000 crore and it will continue to grow. The company's immediate aim is to raise its market capitalisation to Rs 50000 crore.

However, the steel sector in India is highly competitive and it is going to be challenging for the company to expand its business growth and improve its operational efficiency.

NMDC Steel Ltd is expected to break even in the first quarter, FY25, according to the statement made by the Chairman and Managing Director of NMDC Steel, Mr.Amitva Mukherjee. Recently in January 2024, NMDC Steel Ltd went under an expansion ramp up to 1 lakh tonne, which is an increase of nearly 50 per cent compared to its previous capacity of 63,000-65,000 tonnes.

The objective is to reach around 5000 coils per day as this increase in capacity will result in a break even situation for the company.

NMDC Steel India's quarterly results show that the company's revenue for the quarter ended March 31, 2022, was Rs 9,26 billion, which is higher than the company's revenue of Rs 2,77 billion for the quarter ended December 31, 2021. The company's second-quarter revenue was Rs 1,39 billion, indicating a high growth rate. However, it is the net income number that reveals the true story. The company's net income has been on a declining trend for the past four quarters, with Rs655.50 billion in the second-quarter, Rs1,31 billion in the third-quarter, and Rs5.68 billion in the fourth-quarter. The company's fourth-quarter net income was Rs 2,09 billion, which is 100% higher than the third-quarter net income of Rs36.48 billion. This indicates the operational effectiveness of the steel company over the past four quarters.

NMDC Steel's share price has been fluctuating for quite some time now. The company was listed on the National Stock Exchange (NSE) in February 2023 for Rs 31 per share, and since then, its share price has increased from Rs 31 per share in February until now. The share price has moved up from Rs 64.75 per share in 24 months to Rs 70.90 per share in the same period, reaching its highest trajectory in 24 months on February 2, 2024.

However, investors should not be too concerned about NMDC steel share price prediction 2030 stock performance on the stock market, as the company is continuously burning cash. The company's Chief Financial Officer (CFO) has said that they expect to make a profit in the first half of 2025.