NMDC Stock Price - ₹84.19 | Metals & Mining

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Company insights, generated from the most recent coverage.

NMDC reduced lump ore prices by 3.7% and fines by 4.3% in August 2026 to prevent excessive inventory pile-ups and maintain market equilibrium.
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Inventory accumulated by 4.51 MT in April-August 2026 as production (23.23 MT) outpaced sales (18.72 MT). This buildup pressures working capital and requires monitoring of cash conversion cycles.
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August 2026 production surged 20.8% YoY to 4.07 MT.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

NMDC shows strong production recovery and pricing power, driving margin expansion despite seasonal revenue normalization and inventory adjustments.

BCH mine output grew from 32.42 MT to 102.7 MT from Q2 FY26 to Q1 2026-27 — unlocking major capacity

Stock adjustment swung from ₹213 Cr to ₹(1,094) Cr from Q4 FY26 to Q1 2026-27 — reflecting inventory write-downs

Average domestic iron ore price recovered from ₹4,681 per tonne to ₹5,548 from Q3 FY26 to Q1 2026-27 — boosting per-unit revenue

Revenue from operations normalized from ₹11,173 Cr to ₹6,795 Cr from Q4 FY26 to Q1 2026-27 — aligning with seasonal cycles

EBITDA margin rebounded from 27% to 41% from Q4 FY26 to Q1 2026-27 — driven by lower operational costs

Other income dropped from ₹225 Cr to ₹135 Cr from Q4 FY26 to Q1 2026-27 — showing volatile non-core receipts

Operational expenses fell from ₹2,539 Cr to ₹1,801 Cr from Q3 FY26 to Q1 2026-27 — improving overall efficiency

Iron ore sales volume eased from 152.99 MT to 117.30 MT from Q4 FY26 to Q1 2026-27 — indicating dispatch normalization

KDL mine production rose from 33.48 MT to 103.5 MT from Q2 FY26 to Q1 2026-27 — strengthening supply chain

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In the news

NMDC iron ore production jumps 21% YoY in August 2026

Nifty above 24,250; metal stocks surge on MMDR Bill passage

Motilal Oswal sets NMDC target at ₹98

Congress states challenge MMDR Act in Supreme Court over ₹15,786 cr liability

NMDC Shares Fall 14% as Weak Q1 Results and Price Cuts Hit Performance

NMDC Shares Fall 2.01% to ₹83.78 Despite Strong Q2 Results

NMDC Q1 FY27 Results: Profit up 2% to ₹2,007 crore, shares rise 1%

Jharkhand CM flags ₹7,110 cr revenue risk in MMDR Bill challenge

NMDC Shares Rise on Strong Q4 Results; Multiple Brokerages Issue Buy Ratings

NMDC explores Argentina's copper belt for critical minerals

NMDC cuts iron ore prices amid record production milestone

NMDC iron ore production jumps 44% in June on Chhattisgarh strength

NCL Approves Diamond Drilling at Chhattisgarh's Baloda-Belmundi

NMDC Approves ₹3,000 Cr Vizag Facility for India's First Branded Iron Ore

Force Motors hits 52-week low as May sales drop 15%

Tech Mahindra up 2.44% for third straight session, Infosys gains 3.6%

NMDC, Laurus Labs Recommended Amid Market Weakness

NMDC shares rise 0.10% on price hike; analysts see 15% upside

NMDC Q4 profit jumps 36% to ₹2,018 cr, Systematix raises target to ₹112

Sensex Falls 117 Points After RBI Policy; Infrastructure Stocks Hit

NMDC