NMDC Share Price: The Navratna PSU mineral company, NMDC rallied on May 5th after it recorded double-digit growth in its April month’s production, while sales surged too.
With effect from May 1st, NMDC has also increased its iron ore prices by Rs 440 a ton. Hence, the stock has been trending. Trading below Rs 70, NMDC has rallied by 7.5% on the BSE in a month. Is it a good bet?
NMDC Iron Ore Prices:
The minerals giant has increased the prices of Baila Lump (65.5%, 10-40mm) to Rs 6.440 per ton, while Baila Fines (64%, -10 mm) is raised to Rs 5,500 per ton. These prices are inclusive of Royalty, DMF, and NMET and exclusive of Cess, Forest Permit Fee, Transit fee, GST, Environmental Cess, and Other Taxes.
In January 2025, the prices of Baila Lump and Baila Fines were Rs 6,000 and Rs 5,060 respectively.
NMDC April 2025 Productions:
In April 2025, NMDC recorded a production of 4 MT, registering a growth of 14.9% compared to a production of 3.48 MT in April 2024. Of the total, its manufacturing unit in Chhattisgarh produced 2.85 MT and the Karnataka unit produced 1.15 MT in April this year.
Sales also climbed to 3.63 MT in April 2025, as against 3.53 MT in April 2024. Chhattisgarh unit outperformed with sales of 2.82 MT in April 2025.
NMDC Share Price:
After market hours on May 5th, NMDC stock price closed at Rs 65.92 apiece on BSE, up by 1.01% with a market valuation of Rs 57,955.66 crore. The stock’s 52-week high and low are Rs 95.35 apiece and Rs 59.56 apiece, respectively.
NMDC’s weekly performance is up 1%, while in a month, the stock price advanced by 7.5% on BSE.
NMDC Q4 Results Preview:
The PSU is yet to announce its Q4 results. During the quarter, NMDC’s iron-ore sales increased 1% yoy(+6.1% qoq) to 12.7 mn tons during the quarter. Accordingly, analysts at Kotak Institutional Equities said, “We estimate blended iron-ore realizations to decrease by 3% qoq(+2.8% yoy) on account of price cut in Jan 2025 during the quarter.”
“We estimate EBITDA/ton to decrease sequentially to Rs1,803/ton (+5.8% yoy, -10.6% qoq) on the back of lower realisations during the quarter,” the analysts added.
NMDC Corporate Actions:
NMDC has not yet announced any big corporate actions like dividends, stock splits or bonus shares for FY26. But from late-December 2024 to late-March 2025, the company has rewarded investors with both dividends and bonus issue.
The last dividend payout by NMDC was interim and of Rs 2.30 per share with ex-date on March 21, 2025. While the company turned ex-bonus on December 27, 2024, for its issuance of 2:1 bonus issue.
BUY NMDC Stock?
Kotak has recommended SELL on NMD with fair value of Rs 55 per share. However, the consensus recommendation from 17 analysts for NMDC Ltd. is HOLD, as per Trendlyne data. Of the total analysts, 5 have recommended STRONG BUY, and 3 suggested BUY with 4 experts advising HOLD. The average 1-year target price on NMDC is set at Rs 72.94 per share, hinting at nearly 11% potential upside ahead.
About NMDC Ltd:
National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates highly mechanized iron ore mines in Chhattisgarh and Karnataka and has its registered office in Hyderabad, Telangana. NMDC is considered to be one of the low-cost producers of iron ore in the world. It also operates the only mechanized diamond mine in India at Panna, Madhya Pradesh.