NMDC Limited's shares are drawing investor attention as the dividend record date approaches on October 5. According to reports from Stock Market News, investors must purchase shares by Thursday, October 1 to qualify for the payout, as the Indian stock market will remain closed on Friday, October 2 for Mahatma Gandhi Jayanti. The state-owned iron ore producer's board of directors has set Monday, October 5 as the record date to determine shareholder eligibility for the dividend payout. As per Simply Wall St, the ex-dividend date is typically two business days before the record date, meaning any trade on the stock needs to have been settled on or before October 5 to receive the dividend.
The company's board has announced a 100% dividend for FY26, recommending ₹1 per equity share with a face value of ₹1 each. As reported by Stock Market News, this final dividend for FY2025-26 is subject to approval at the ensuing Annual General Meeting. The recent corporate action adds to the interim dividend of ₹2.50 per equity share already declared and paid during the financial year. NMDC has declared nearly 48 dividends since August 28, 2022, with its dividend yield standing at 4.73% at current market price. According to Simply Wall St, the company's trailing yield of 4.6% is based on last year's total distribution of ₹3.50 per share.
NMDC stock closed at ₹73.77 per share with a market capitalisation of ₹64,857.24 crore on Monday, October 5, plunging nearly 2% during the trading session. According to Goodreturns, the PSU stock was near its intraday low of ₹73.50 per share. The stock has shown mixed performance with a 6.70% decline in one month and 5.74% drop in three months, while delivering a negative 8% return in 2026 so far. However, it has demonstrated strong long-term growth with 55% gains in three years and 97% surge in five years. The recent decline is attributed to broadly mute sales in six-monthly performance of FY27, despite production rising.
NMDC recorded total production of 4.04 MT in September 2026, higher from 3.75 MT in the same month last year, as per the latest regulatory filing. However, sales stood at 3.51 MT, which dropped from 3.88 MT in September last year. For H1FY27, the company's production rose to 27.27 MT from 22.20 MT in H1FY26, but sales remained flat at 22.23 MT compared to the same period a year ago. As per Goodreturns, the reason behind the stock decline is the drop in sales for the September month, with sales being broadly mute in six-monthly performance of FY27 despite production rising.
The consensus recommendation from 22 analysts for NMDC is HOLD, as per Trendlyne data. Of the total analysts, 6 have recommended Strong Buy and 2 recommended BUY, while 6 analysts have recommended Strong Sell and 4 analysts have suggested SELL. Only 4 analysts recommended HOLD. The average target price of NMDC is ₹89.57 for the next 12-months, which suggests there is potential of nearly 22% upside. Motilal Oswal in August recommended BUY for the highest target of ₹98, signaling a potential 33% upside ahead.
