NMDC Ltd
About
NMDC, or National Mineral Development Corporation, is a Navratna enterprise of the Government of India associated with the production of iron ore. The company currently has an iron ore production capacity of 45 metric tonnes per annum from its manufacturing units in Bailadila, Chhattisgarh, and Donimalai, Karnataka. India’s only mechanised diamond mine at Panna in Madhya Pradesh is also operated by NMDC. In addition to its mining complexes, NMDC has an R&D centre in Hyderabad, ensuring the most sustainable and scientific practices for its mines. Under the leadership of Amitava Mukherjee, the company saw a turnover of ₹21,294 cr in FY 23-24. NMDC has catered to clients like JSW Steel, Jindal Steel and Power, Welspun Steel, and Kalyani Steel with its diversified offerings.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 22772 12.9% | 20169 -27.6% | 27843 75.3% | 15884 27.6% | 12445 -2.9% | 12821 3.6% | 12376 28.4% | 9639 16.7% | 8261 -43.6% | 14640 3.1% | 14207 8.2% | 13128 -1.3% | 13305 4.9% | 12686 78.7% | 7099 -17.2% | 8576 - |
| Net Operating Income (INR Cr) | 21308 20.61% | 17667 -31.96% | 25965 68.93% | 15370 31.38% | 11699 -3.73% | 12153 4.63% | 11615 31.57% | 8828 36.75% | 6456 -47.75% | 12356 2.47% | 12058 12.65% | 10704 0.00% | 11262 -0.94% | 11369 82.23% | 6239 -17.52% | 7564 32.44% |
| Profit (INR Cr) | 5571 -0.6% | 5603 -40.6% | 9428 50.2% | 6277 75.7% | 3573 -22.6% | 4618 21.3% | 3808 49.7% | 2544 -0.1% | 2546 -59.9% | 6347 -0.4% | 6371 0.6% | 6334 -12.8% | 7265 11.8% | 6499 88.5% | 3447 -21.2% | 4372 - |
| Assets (INR Cr) | 30613 17.0% | 26169 24.2% | 21074 -36.1% | 32996 13.5% | 29080 7.0% | 27191 6.0% | 25647 10.5% | 23209 -25.3% | 31047 -4.1% | 32369 7.9% | 29989 8.8% | 27563 12.8% | 24443 27.0% | 19252 34.9% | 14272 22.7% | 11628 - |
| Net Worth (INR Cr) | 25656 13.4% | 22621 25.5% | 18018 -39.7% | 29884 8.0% | 27673 6.3% | 26044 6.7% | 24417 8.1% | 22582 -22.6% | 29180 -9.6% | 32267 7.8% | 29947 8.8% | 27519 0.0% | 24406 27.0% | 19215 34.6% | 14272 22.7% | 11628 40.0% |
| Employee Cost (INR Cr) | 1626 6.2% | 1531 14.5% | 1337 23.2% | 1085 3.4% | 1049 1.0% | 1039 -0.9% | 1049 18.1% | 889 36.8% | 650 -7.6% | 703 -0.5% | 706 21.8% | 580 9.6% | 529 7.8% | 491 17.4% | 418 -0.7% | 421 - |
| Interest Cost (INR Cr) | 78 | 75 | 39 | 17 | 10 | 40 | 37 | 21 | 66 | 0 | 2 | 13 | 1 | 2 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 12364 | 7098 | 7977 | 5862 | 2437 | 4619 | 5461 | 5321 | 14806 | 18486 | 18661 | 21027 | 20265 | 17228 | 12855 | 9741 |
| Total Debt (INR Cr) | 3359 | 2128 | 1800 | 2000 | 566 | 364 | 500 | 0 | 1497 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 24.5% | 27.8% | 33.9% | 39.5% | 28.7% | 36.0% | 30.8% | 26.4% | 30.8% | 43.4% | 44.8% | 48.3% | 54.6% | 51.2% | 48.6% | 51.0% |
| Profit As % Of Assets | 18.2% | 21.4% | 44.7% | 19.0% | 12.3% | 17.0% | 14.9% | 11.0% | 8.2% | 19.6% | 21.2% | 23.0% | 29.7% | 33.8% | 24.2% | 37.6% |
| Profit As % Of Networth | 21.7% | 24.8% | 52.3% | 21.0% | 12.9% | 17.7% | 15.6% | 11.3% | 8.7% | 19.7% | 21.3% | 23.0% | 29.8% | 33.8% | 24.2% | 37.6% |
| Interest Cost to EBITDA % | 1.1% | 1.2% | 0.3% | 0.2% | 0.2% | 0.6% | 0.7% | 0.6% | 2.6% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | - | - |
| Debt to Equity Ratio | 0.13 | 0.09 | 0.10 | 0.07 | 0.02 | 0.01 | 0.02 | - | 0.05 | - | - | - | - | - | - | - |
| RONW | 23.1% | 22.7% | 39.4% | 21.7% | 13.4% | 18.4% | 16.2% | 9.8% | 8.7% | 20.6% | 22.3% | 23.0% | 33.3% | 38.8% | 26.6% | 43.9% |
| ROCE | 28.3% | 27.5% | 48.3% | 28.7% | 21.8% | 27.4% | 25.5% | 15.6% | 12.9% | 31.3% | 33.9% | 34.4% | 49.3% | 58.1% | 40.3% | 66.9% |