If you are looking at NMDC stock for investment purposes, then you should know about NMDC share price target. We know that NMDC share has grown significantly in recent years. Due to this, it is shares are becoming attractive for the investors. In this article, we will provide a basic analysis of the NMDC share price target for 2024, 2025, 2027, 2030, and 2040.
These targets can help you make informed decisions about your investments. In this article, we will examine the factors behind the NMDC’s growth, such as production capacity, market demand, and strategic expansion plans. It will help you gain insight into the potential future performance of NMDC shares and whether you should invest in NMDC shares for the long term.
Overview of NMDC Limited
NMDC (National Mineral Development Corporation) is an Indian state-controlled mineral producer and mining company.
Established in 1958, NMDC is one of India’s largest iron ore producers and exporters. The company is in the business of exploration, mining, and processing of minerals, with a focus on iron ore.
It operates a range of mines and facilities across India, contributing significantly to the country’s mining sector and the overall economy.
Company Name | National Mineral Development Corporation (NMDC) |
Current Market Price | ₹257 |
Market Cap | ₹75,390 Crore |
Book Value | ₹87.5 |
Face Value | ₹1 |
52 Week High | ₹286 |
52 Week Low | ₹104 |
Debt | ₹3,359 Cr. |
Div. Yield | 2.57% |
NMDC Current Financial Status
Stock P/E | 13.1 |
Industry P/E | 19.7 |
EPS | ₹19 |
Debt to Equity Ratio | 0.13 |
Promotor Holding | 60.8% |
ROE | 23.9% |
Sales growth | 20.6% |
Profit growth | 23.4% |
History of NMDC Share Price Target From 2024 to 2040
In the past 6 months, NMDC’s share has given a return of 38.18% (+70.55)
In the past 1 year, NMDC share has given a return of 136.44% (+147.35) and in the long run of 5 years, the stock has given a return of 138.42% (+158.25).
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NMDC Share Price Target 2024
In April 2024, NMDC’s Kirandul and Donimalai iron ore mines had their best production month ever. Kirandul produced 13.59 lakh tonnes and Donimalai produced 11.33 lakh tonnes, which is 7% and 12% more than the same time last year. The Bacheli Complex also saw a record dispatch of 14.86 lakh tonnes, a 12% increase from April 2023.
In the fourth quarter of the fiscal year 2024, NMDC produced 13.24 million tonnes and sold 12.54 million tonnes of iron ore. The company earned a turnover of Rs.6,475 crore, an 11% increase from last year. Their profit before tax was Rs.2,435 crore, a 19% rise from the previous year.
Year 2024 | NMDC Share Price Target 2024 |
1st Price Target | ₹318.68 |
2nd Price Target | ₹331.53 |
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NMDC Share Price Target 2025
Shri Amitava Mukherjee, the acting CMD, expressed confidence in NMDC’s ability to meet India’s iron and steel needs.
He said, “We aim to grow our volumes by more than 10% in FY25, in line with India’s increasing iron ore production and demand. All our mining complexes have started strong and are ready to adopt new mining technologies, overcome industry challenges, and reach 50 million tonnes.”
Year 2025 | NMDC Share Price Target 2025 |
1st Price Target | ₹410.44 |
2nd Price Target | ₹426.99 |
NMDC Share Price Target 2026
Year 2026 | NMDC Share Price Target 2026 |
1st Price Target | ₹528.24 |
2nd Price Target | ₹549.54 |
NMDC Share Price Target 2027
Year 2027 | NMDC Share Price Target 2027 |
1st Price Target | ₹680.76 |
2nd Price Target | ₹708.21 |
NMDC Share Price Target 2030
State-owned NMDC plans to use 97% of its production capacity to produce 35 million tonnes of iron ore this year. The company has set a goal to produce 100 million tonnes by 2030 to ensure a steady supply of iron ore for steel makers.
Year 2030 | NMDC Share Price Target 2030 |
1st Price Target | ₹1,459.48 |
2nd Price Target | ₹1,518.33 |
NMDC Share Price Target From 2024 To 2040
Year | 1st Target (in ₹) | 2nd Target (in ₹) |
2024 | 318.68 | 331.53 |
2025 | 410.44 | 426.99 |
2026 | 528.24 | 549.54 |
2027 | 680.76 | 708.21 |
2028 | 877.92 | 913.32 |
2029 | 1,132.12 | 1,177.77 |
2030 | 1,459.48 | 1,518.33 |
2040 | 3,256.75 | 3,369.85 |
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NMDC Competitive Landscape
NMDC differentiates itself through its large-scale production capacity, strategic expansion plans, adoption of advanced mining technologies, and a focus on sustainable practices. The company’s commitment to meeting increasing domestic and international demand further strengthens its competitive position in the market.
S.No. | Name | CMP Rs. | Mar Cap Rs.Cr. | Div Yield % | Debt / Equity |
1. | Coal India | 479.65 | 295595.33 | 5.08 | 0.08 |
2. | Vedanta | 449.70 | 167162.74 | 6.49 | 2.37 |
3. | NMDC | 257.25 | 75389.86 | 2.57 | 0.13 |
4. | Lloyds Metals | 723.75 | 36567.78 | 0.00 | 0.01 |
5. | KIOCL | 427.95 | 26008.69 | 0.00 | 0.09 |
6. | G M D C | 390.45 | 12416.31 | 2.98 | 0.00 |
7. | MOIL | 514.00 | 10459.16 | 0.72 | 0.00 |
NMDC Shareholding Patterns
Promoter Shareholding: NMDC promotors are holding 60.79% stake in the company.
Public Shareholding: Shares held by public investors or retail investors who are not involved in the management of the company. Public is holding 12.51% stake, which is increased from 11.96% of the previous quarter.
Institutional Investors: This category includes mutual funds, insurance companies, and other financial institutions that invest in stocks. FIIs and DIIs holding 12.60% and 14.09% respectively in NMDC.
Dec 2023 | Mar 2024 | |
Promoters | 60.79% | 60.79% |
FIIs | 9.91% | 12.60% |
DIIs | 17.33% | 14.09% |
Public | 11.96% | 12.51% |
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Future Prospects and NMDC Share Price Target
- Increased Production Capacity: Expansion and modernization of existing mines can boost production capacity, thereby increasing revenue.
- Diversification of Mineral Portfolio: Exploration and investment in other minerals beyond iron ore can provide additional revenue streams.
- Infrastructure Development Initiatives: Growing investments in infrastructure projects can drive demand for steel and subsequently boost NMDC’s performance.
- Global Market Expansion: Expanding to new markets and trade agreements can increase NMDC’s market reach and profitability.
Risks and Challenges:
- Market Volatility: Fluctuations in the global iron ore and steel market can directly impact NMDC’s profitability.
- Regulatory Changes: Changes in mining laws, environmental regulations, and taxation policies can affect operations and costs.
- Environmental Concerns: Increased scrutiny over environmental issues and sustainable practices can have implications for NMDC’s operations.
- Operational Risks: Challenges in mining operations, labor strikes, and equipment maintenance can impact production and costs.
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Conclusion
In conclusion, NMDC’s strong production targets and growth plans with the aim for 100 million tonnes by 2030, position the company for continued success. These ambitious goals, coupled with technological advancements and increased efficiency, suggest a positive outlook for NMDC’s share price in the coming years.
It is necessary to do careful research based on your risk appetite to consider NMDC as a long-term investment in your portfolio. Also, if you’re considering investing in NMDC, it’s essential to monitor market trends in the housing finance sector and stay informed about industry developments to make informed decisions.
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Frequently Asked Questions
Who is the owner of MNDC Company?
NMDC Limited is a state-owned enterprise, with the Government of India holding the majority ownership.
Is NMDC share a good buy?
Investing in NMDC shares can be a good decision, considering the company’s strong production capabilities, strategic expansion plans, and positive financial performance. However, it’s advisable to conduct your own research or consult a financial advisor to make an informed decision based on your individual investment goals.
Will NMDC grow in the future?
NMDC is expected to grow in the future due to its ambitious production targets, adoption of new mining technologies, and the increasing demand for iron ore in India and globally. The company’s plans to expand production to 100 million tonnes by 2030 indicate strong growth potential.
Should I invest in NMDC Share right now?
NMDC’s share has given a return of 38.18% (+70.55) In the past 6 months and a return of 136.44% (+147.35) in the past 1 year. The stock is showing a bullish moment in the future also. Investing in NMDC is a good option on a long-term basis.
What is the NMDC Share price target for 2024?
The NMDC Share price target for 2024 is ₹318.68 to ₹331.53.
What is the NMDC Share price target for 2025?
The NMDC Share price target for 2025 is ₹410.44 to ₹426.99.
What is the NMDC Share price target for 2026?
The NMDC Share price target for 2026 is ₹528.24 to ₹549.54.
What is the NMDC Share price target for 2027?
The NMDC Share price target for 2027 is ₹680.76 to ₹708.21.
What is the NMDC Share price target for 2030?
The NMDC Share price target for 2030 is ₹1,459.48 to ₹1,518.33.
Disclaimer: The share price target provided is for informational purposes only and does not constitute financial advice. It is based on current market analysis and is subject to change due to market conditions. Investors should conduct their own research or consult a financial advisor before making investment decisions. Past performance is not indicative of future results. Investing in stocks involves risk, including the loss of principal.