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NMDC Steel (NSLNISP)₹40.44+0.97%Iron & Steel
In the Mar 2026 quarter (standalone), NMDC Steel reported sales of ₹3,894 Cr, up 36.6% from Mar 2025, and net profit of ₹393 Cr. For the year to Mar 2026, sales were ₹13,695 Cr and net profit ₹59.22 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 278 | 930 | 1,852 | 2,031 | 1,527 | 2,127 | 2,850 | 3,378 | 3,400 | 3,017 | 3,894 |
| Expenses | 350 | 1,334 | 2,798 | 2,424 | 1,960 | 2,774 | 3,127 | 2,957 | 3,183 | 2,907 | 3,070 |
| Operating Profit | −71.90 | −408 | −954 | −400 | −440 | −655 | −290 | 407 | 207 | 97.83 | 804 |
| OPM % | −26.0% | −44.0% | −52.0% | −20.1% | −29.0% | −31.1% | −10.0% | 12.0% | 6.0% | 3.2% | 20.9% |
| Other Income | 12.97 | 15.95 | 89.82 | 20.94 | 12.97 | 17.96 | 18.95 | 19.96 | 20.93 | 18.96 | 25.95 |
| Interest | 41.08 | 134 | 156 | 153 | 161 | 165 | 172 | 134 | 128 | 128 | 96.30 |
| Depreciation | 74.99 | 226 | 252 | 239 | 240 | 253 | 221 | 258 | 283 | 252 | 249 |
| Profit before tax | −175 | −752 | −1,273 | −772 | −828 | −1,055 | −663 | 35.99 | −183 | −264 | 486 |
| Tax % | −25.0% | −25.0% | −32.0% | −29.0% | −28.0% | −28.0% | −29.0% | 29.0% | −37.0% | −8.0% | 19.0% |
| Net Profit | −132 | −570 | −865 | −549 | −597 | −761 | −474 | 26.08 | −115 | −245 | 393 |
| EPS (Rs) | −0.44 | −1.93 | −2.93 | −1.86 | −2.02 | −2.58 | −1.61 | 0.08 | −0.38 | −0.82 | 1.33 |
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales | 3,059 | 8,538 | 13,695 | 13,689 |
| Expenses | 4,480 | 10,284 | 12,113 | 12,117 |
| Operating Profit | −1,433 | −1,785 | 1,514 | 1,516 |
| OPM % | −47.0% | −21.0% | 10.9% | 11.1% |
| Other Income | 119 | 71.81 | 85.82 | 85.80 |
| Interest | 332 | 654 | 489 | 487 |
| Depreciation | 553 | 952 | 1,042 | 1,042 |
| Profit before tax | −2,201 | −3,319 | 76.01 | 75.25 |
| Tax % | −29.0% | −29.0% | 23.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | — |
| Net Profit | −1,566 | −2,381 | 59.22 | 59.38 |
| EPS (Rs) | −5.31 | −8.08 | 0.19 | 0.21 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.00 | 2,934 | 2,926 | 2,928 | 2,924 |
| Reserves | 0.00 | 0.00 | 17,064 | 14,117 | 12,514 | 10,144 | 10,203 |
| Borrowings | 0.00 | 0.00 | 1,696 | 3,853 | 6,674 | 5,923 | 4,622 |
| Other Liabilities | 0.00 | 0.00 | 1,773 | 4,700 | 7,183 | 9,406 | 10,423 |
| Total Liabilities | 0.00 | 0.00 | 20,533 | 25,604 | 29,297 | 28,401 | 28,171 |
| Fixed Assets | 0.00 | 0.00 | 1,129 | 1,115 | 20,199 | 20,061 | 19,389 |
| CWIP | 0.00 | 0.00 | 17,071 | 19,587 | 1,217 | 719 | 572 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.00 | 0.00 | 2,333 | 4,901 | 7,881 | 7,620 | 8,211 |
| Inventories | 0.00 | 0.00 | 39.99 | 860 | 3,699 | 3,057 | 3,892 |
| Trade receivables | 0.00 | 0.00 | 0.00 | 0.00 | 37.07 | 197 | 180 |
| Cash & equivalents | 0.00 | 0.00 | 1.01 | 1,514 | 721 | 909 | 801 |
| Total Assets | 0.00 | 0.00 | 20,533 | 25,604 | 29,297 | 28,401 | 28,171 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 741 | 1,511 | −2,818 | 1,959 | 1,792 |
| Cash from investing activity | −1,890 | −2,187 | −228 | −506 | 109 |
| Cash from financing activity | 1,145 | 1,295 | 2,441 | −1,462 | −1,905 |
| Net cash flow | −3.99 | 620 | −615 | 0.00 | 1.99 |
| Capex | 1,885 | 2,148 | 582 | 427 | 270 |
| Free cash flow | −1,152 | −640 | −3,419 | 1,542 | 1,529 |
| CFO / OP % | — | — | 196.0% | −110.0% | 118.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | — | — | — | 4 | 8 | 5 |
| Inventory days | — | — | — | 420 | 148 | 160 |
| Days payable | — | — | — | 285 | 235 | 249 |
| Cash conversion cycle | — | — | — | 142 | −76 | −82 |
| Working capital days | — | — | — | −92 | −213 | −175 |
| ROCE % | −200.0% | 0.0% | 0.0% | −9.0% | −13.0% | 3.0% |
For the Mar 2026 quarter, NMDC Steel reported sales of ₹3,894 Cr, up 36.6% year on year and net profit of ₹393 Cr. The operating margin was 20.9%.
NMDC Steel's sales for the year to Mar 2026 were ₹13,695 Cr; over the last twelve months they were ₹13,689 Cr.
Net profit for the year to Mar 2026 was ₹59.22 Cr, and ₹59.38 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.21.
NMDC Steel reported borrowings of ₹4,622 Cr at Mar 2026, against cash and equivalents of ₹801 Cr.
Cash from operations was ₹1,792 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,529 Cr.