Introduction
Investing in shares can be challenging, but understanding a company’s growth, performance, and future targets can significantly aid in making informed decisions. This article delves into the NMDC Share Price Target from 2024 to 2040, providing a comprehensive analysis based on expert research and advice.
What Is NMDC Limited Company?
NMDC Limited, also known as the National Mineral Development Corporation, is a leading Indian public sector enterprise involved in the exploration and production of various minerals, including iron ore, copper, limestone, diamond, coal, graphite, and tin. Established in 1958, NMDC is India’s largest iron ore producer, with its headquarters located in Hyderabad.
Overview Of NMDC Limited Company
NMDC operates three mechanized mines in Chhattisgarh and Karnataka, producing over 35 million tonnes of iron ore annually. It also operates the only mechanized diamond mine in India, located at Panna, Madhya Pradesh. Additionally, NMDC has established the Nagarnar Steel Plant, a greenfield project with a capacity of 3 MTPA.
Company Overview Table
| Company Name | Market Cap (₹ Crore) | P/B Ratio | 52 Week High (₹) | 52 Week Low (₹) | Book Value (₹) | Face Value (₹) | Dividend Yield (%) |
| NMDC Limited | 79,528.99 | 3.1 | 288.96 | 103.85 | 87.56 | 1 | 2.8 |
History Of NMDC Share Price
Historical Share Growth
| Period | Growth (₹) | Percentage (%) |
| Last 6 months | 84.95 | 46.16 |
| Last 1 year | 160 | 146.79 |
| Last 5 years | 164.45 | 157.29 |
| Last 1 month | – | – |
| Last 5 days | 3.9 | 1.47 |
Share Price Return
| Period | Return (%) |
| Last 3 months | 14.15 |
| Last 1 year | 147.12 |
| Last 3 years | 44.36 |
| Last 5 years | 158.09 |
NMDC Share Price Target
2024 Share Price Target
| Year | 1st Target (₹) | 2nd Target (₹) |
| 2024 | 250 | 370.53 |
2025 Share Price Target
| Year | 1st Target (₹) | 2nd Target (₹) |
| 2025 | 410.56 | 560.36 |
2027 Share Price Target
| Year | 1st Target (₹) | 2nd Target (₹) |
| 2027 | 805.36 | 980.36 |
2030 Share Price Target
| Year | 1st Target (₹) | 2nd Target (₹) |
| 2030 | 1524.89 | 1625.87 |
2040 Share Price Target
| Year | 1st Target (₹) | 2nd Target (₹) |
| 2040 | 3256.75 | 3369.85 |
Peer Companies of NMDC Limited
- Aanchal Ispat
- Adishakti Loha
- Aditya Ispat
- APL Apollo
Investor Types And Ratios
Shareholding Pattern
| Shareholder Type | Share Percentage (%) |
| Promoters | 60.8 |
| Public | 12.9 |
| FII | 12.6 |
| DII | 14.3 |
Financial Performance
Key Financials
| Metric | Value (₹ Crore) |
| Market Capitalization | 79,528.99 |
| Total Share Capital | 293.07 |
| Total Borrowings | 415.98 |
| Trade Payables | 425.76 |
| Trade Receivables | 2656.02 |
| Total Inventories | 2660.58 |
| Total Investments | 886.72 |
| Total Assets | 27941.7 |
| Total Revenue | 18414.73 |
| ROE (%) | 24.75 |
| ROCE (%) | 27.27 |
| Debt-Equity Ratio (%) | 0.02 |
| Price-to-Book (P/B) Ratio | 3.3 |
| Price-to-Earnings (P/E) Ratio | 15.87 |
| Dividend Yield (%) | 3.38 |
Advantages and Disadvantages Of NMDC Share
Advantages
- The company has minimal debt and a strong interest cover ratio of 103.25.
- Healthy Return on Equity (ROE) at 29.86% over the last 3 years.
- Good Return on Capital Employed (ROCE) at 39.23% over the last 3 years.
- High promoter holding at 60.80%.
- Increasing net cash flow.
Disadvantages
- Poor profit growth of 15.89% over the last 3 years.
- Low revenue growth at 14.75%.
Also Read: Adani Green Share Price Target for 2024, 2025, 2027, 2030, and 2040
FAQ
Who is the owner of NMDC Company?
NMDC Limited is a public sector enterprise owned by the Government of India under the Ministry of Steel.
Conclusion
NMDC Limited, with its robust financial performance and strategic initiatives, presents a promising investment opportunity. The share price targets outlined from 2024 to 2040 indicate potential for substantial growth, making NMDC an attractive option for long-term investors. However, it is crucial to conduct detailed research and consult with financial experts before making any investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in the stock market involves risks, and it is advisable to consult with a certified financial advisor before making investment decisions. The author and website are not responsible for any financial losses that may occur.
