NMDC Share Price Target 2025, 2026, 2030, 2040, 2050
NMDC Ltd. is a government-owned mining company founded in 1958 and headquartered in Hyderabad, India. It mainly mines iron ore for steel production. It also works with diamonds, limestone and other minerals and has large projects in the states of Chhattisgarh and Karnataka.
This blog will provide the details of NMDC Share Price targets as far as 25 years from now (2025 – 2050).
What is NMDC Ltd NSE: NMDC ?
NMDC is the largest iron ore producer in India and one of the cheapest in the world. The company also produces pellets and generates wind energy. The company plans to grow its mining capacities and create environmentally friendly transportation systems. The company also owns mines in Australia and Mozambique and continues to invest in new technology and research.
Fundamental Data
| Metric | Value |
|---|---|
| Market Cap | ₹54,448 Cr. |
| High / Low | ₹95.4 / ₹59.7 |
| Stock P/E | 8.40 |
| Book Value | ₹32.3 |
| Dividend Yield | 3.90% |
| ROCE | 30.9% |
| ROE | 23.9% |
| Face Value | ₹1.00 |
| Industry P/E | 16.6 |
| Net Cash Flow (PY) | ₹-27.6 Cr. |
| PBT (Annual) | ₹7,952 Cr. |
| EPS | ₹7.37 |
| Promoter Holding | 60.8% |
| PEG Ratio | 1.80 |
| Net Profit | ₹6,464 Cr. |
| Debt | ₹4,158 Cr. |
| Current Liabilities | ₹9,896 Cr. |
| Current Assets | ₹23,422 Cr. |
| Debt to Equity | 0.15 |
| Price to Book Value | 1.92 |
| Graham Number | ₹73.1 |
Peer Comparisons
| S.No | Name | CMP (₹) | P/E | Market Cap (₹ Cr.) | NP Qtr (₹ Cr.) | Qtr Profit Var (%) | Sales Qtr (₹ Cr.) | Qtr Sales Var (%) | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Coal India | 354.20 | 6.35 | 2,18,283.84 | 8,491.22 | -17.19 | 35,779.78 | -1.03 | 63.59 |
| 2 | Vedanta | 413.35 | 13.61 | 1,61,635.89 | 4,876.00 | 76.20 | 39,115.00 | 10.06 | 20.91 |
| 3 | Lloyds Metals | 1136.50 | 38.98 | 59,466.45 | 389.53 | 17.48 | 1,675.17 | -12.40 | 78.27 |
| 4 | NMDC | 61.93 | 8.40 | 54,447.73 | 1,880.00 | 12.62 | 6,567.83 | 21.40 | 30.91 |
| 5 | KIOCL | 261.05 | N/A | 15,865.34 | -47.79 | -222.44 | 180.55 | -67.14 | -2.18 |
| 6 | GMDC | 269.70 | 12.86 | 8,576.46 | 147.66 | 26.39 | 653.42 | 15.80 | 13.78 |
| 7 | MOIL | 293.25 | 16.71 | 5,967.20 | 63.68 | 17.71 | 366.82 | 19.75 | 16.11 |
| Period | Share Price (INR) |
|---|---|
| Before 1 Year | ₹81.00 |
| Before 6 Months | ₹73.78 |
| Before 5 Years | ₹23.78 |
| All-Time Max | ₹138.70 |
NMDC Ltd is a large government company that mines iron ore, diamonds and other minerals for production purposes. The stock has proven to be stable, with a high return on equity (23.9%) and return on assets (30.9%), a low debt burden and reasonable dividend payments (3.9%). The price may fluctuate tomorrow, but the long-term growth potential remains strong.
| Day | Minimum Price Target (Rs) | Maximum Price Target (Rs) |
|---|---|---|
| Tomorrow | -3.2 from today’s price | +5.5 from today’s price |
NMDC Indicator Based Technical Analysis
NOTE!
Signals may differ across timeframes. If you’re planning to purchase NMDC and keep it for more than one week, it’s suggested that you choose signals from weekly and daily timeframes. For trading in the short term, signals that range from 5 minutes to 1-hour timeframes are better appropriate.
By 2025, The company is projected to increase iron ore production beyond 53.8 MnT, strengthening its market position. As one of the primary providers of iron ore and diamond mining in India’s expanding infrastructure sector, its stronghold in iron ore mining should enable steady expansion while steel production drives growth, making the company one of the industry’s key players.
Our analysis shows that the share price is expected to be between Rs 35 and Rs 90.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 35 | 90 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 35 | 75 |
| February | 40 | 78 |
| March | 38 | 74 |
| April | 45 | 80 |
| May | 50 | 85 |
| June | 48 | 83 |
| July | 55 | 88 |
| August | 52 | 82 |
| September | 60 | 90 |
| October | 58 | 85 |
| November | 65 | 88 |
| December | 70 | 90 |
In 2026, The company’s coal mining operations will officially launch, opening up new revenue streams. Manufacturing capabilities, cost-efficient mining operations, and investment in automation will help increase profitability while rising steel demand and eco-friendly initiatives play an integral role in its performance.
Our analysis shows that the share price is expected to be between Rs 52 and Rs 123.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2026 | 52 | 123 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 52 | 110 |
| February | 55 | 115 |
| March | 58 | 108 |
| April | 60 | 112 |
| May | 65 | 118 |
| June | 68 | 120 |
| July | 72 | 123 |
| August | 70 | 118 |
| September | 78 | 122 |
| October | 80 | 119 |
| November | 85 | 121 |
| December | 90 | 123 |
By 2030, The company plans to double its iron ore capacity to 100 MnT and become India’s lowest-cost producer of iron ore. Long-term growth will be supported by the Panna diamond mine, dry beneficiation research projects, and green steel initiatives, as well as by expanding into international steel markets.
Our analysis shows that the share price is expected to be between Rs 190 and Rs 325.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2030 | 190 | 325 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 190 | 290 |
| February | 195 | 300 |
| March | 200 | 285 |
| April | 210 | 310 |
| May | 220 | 320 |
| June | 230 | 325 |
| July | 225 | 315 |
| August | 235 | 320 |
| September | 245 | 325 |
| October | 250 | 315 |
| November | 260 | 320 |
| December | 275 | 325 |
By 2040, The company is projected to become a global leader in iron ore and steel manufacturing, featuring fully developed slurry pipelines, increased coal production, green steel investments and sustainable mining and exports – supporting India’s infrastructure boom while continuing expansion and dominance in this sector.
Our analysis shows that the share price is expected to be between Rs 650 and Rs 880.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2040 | 650 | 880 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 650 | 780 |
| February | 670 | 800 |
| March | 690 | 770 |
| April | 710 | 820 |
| May | 730 | 850 |
| June | 750 | 880 |
| July | 740 | 860 |
| August | 760 | 870 |
| September | 780 | 880 |
| October | 790 | 860 |
| November | 810 | 870 |
| December | 830 | 880 |
By 2050, The company may take over as the leader of the global steel raw material market thanks to AI-driven mining, automation and eco-friendly steel production processes. Their strategic investments in international ventures combined with rising steel demand from construction & EVs and government projects initiatives should establish them as industry giants over time.
Our analysis shows that the share price is expected to be between Rs 1650 and Rs 1975.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2050 | 1650 | 1975 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 1650 | 1850 |
| February | 1680 | 1900 |
| March | 1705 | 1875 |
| April | 1730 | 1920 |
| May | 1760 | 1950 |
| June | 1795 | 1975 |
| July | 1770 | 1935 |
| August | 1805 | 1955 |
| September | 1830 | 1975 |
| October | 1855 | 1930 |
| November | 1880 | 1960 |
| December | 1905 | 1975 |
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 35 | 90 |
| 2026 | 52 | 123 |
| 2030 | 190 | 325 |
| 2040 | 650 | 880 |
| 2050 | 1650 | 1975 |
| Category | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|
| Promoters | 60.79% | 60.79% | 60.79% | 60.79% |
| FIIs | 12.12% | 12.60% | 12.76% | 12.60% |
| DIIs | 14.46% | 14.08% | 14.31% | 14.09% |
| Public | 12.62% | 12.52% | 12.12% | 12.51% |
| No. of Shareholders | 10,49,959 | 9,68,552 | 8,93,897 | 8,57,003 |
MMTC Share Price Target 2025, 2026, 2030, 2040, 2050
Should I Buy NMDC Stock?
The company has strong promoter participation (60.79%), rising FII interest (12.12% ), rising DII participation (14.46%), stable public participation and other investors. If more FIIs continue to buy into the stock, its value could increase over time. Yes, the company seems to be an investment worth looking at in the long term.
NMDC Ltd Earning Results(Financials)
| Metric | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales (₹ Cr) | 23,390 | 21,308 | 17,667 | 25,965 | 15,370 |
| Expenses (₹ Cr) | 15,191 | 14,014 | 11,613 | 13,338 | 6,580 |
| Operating Profit (₹ Cr) | 8,199 | 7,294 | 6,054 | 12,626 | 8,790 |
| OPM % | 35% | 34% | 34% | 49% | 57% |
| Other Income (₹ Cr) | 1,489 | 1,087 | 2,004 | 716 | 351 |
| Interest (₹ Cr) | 134 | 78 | 75 | 39 | 17 |
| Depreciation (₹ Cr) | 390 | 351 | 336 | 288 | 229 |
| Profit Before Tax (₹ Cr) | 9,164 | 7,952 | 7,646 | 13,016 | 8,896 |
| Tax % | – | 30% | 28% | 27% | 30% |
| Net Profit (₹ Cr) | 6,464 | 5,575 | 5,601 | 9,429 | 6,277 |
| EPS (₹) | 7.37 | 6.34 | 6.37 | 10.72 | 7.14 |
| Dividend Payout % | – | 38% | 35% | 46% | 36% |
Expert Forecasts on the Future of NMDC Ltd
The company’s Sales and revenue are growing well, reaching Rs 23,390 crore in TTM. With a net profit of Rs. 6,464 crores and EPS of Rs. 7.37 crores, The company has strong financials but faces some cost pressure. Experts expect steady growth in the long run, making the company an excellent long-term bet. Yes, buying looks profitable!
Is NMDC Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
- Strong profit and sales growth.
- State-supported, stable company.
- High dividend payout.
Bearish Case:
- Fluctuating iron ore prices.
- Rising costs affecting margins.
- Competition and political risks.
NMDC Steel Share Price Target 2025, 2026, 2030, 2040, 2050
Conclusion
NMDC is India’s largest iron ore producer, supplying raw materials for steel industries. With strong government backing, the stock is a safe bet. It earns well, pays good dividends, and benefits from the rising demand for steel in India. Short-term fluctuations may occur, but long-term growth looks solid. Holding NMDC stock can be a smart move! If you’re considering an investment, you should read the full article for details about the company’s performance and future stock projections.
