NMDC - NMDC Ltd

NMDC.NSNMDC LTD.
₹ 68.78
NSE
₹ 0.28
0.41%

Price Summery

Last Updates : 2 hours ago

Current Price

₹ 68.78

Volume

11,361,484

Today's Open

₹ 69.24

Previous Close

₹ 69.06

Today's High

₹ 69.48

Today's Low

₹ 68.30

52 Week High

₹ 84.73

52 Week Low

₹ 59.53

NMDC Ltd (NMDC) Share Price Target 2025 to 2040, Detailed Analysis

By the Moneyroxx Analytical team led by Suraj Sharma

  • Updated on May 21, 2025

Here, we have shared NMDC Ltd Share Price Targets for 2025-2040! Based on expert forecasts, growth trends & long-term strategies and technical analysis.

NMDC Limited (National Mineral Development Corporation) is a leading Indian public sector enterprise under the Ministry of Steel. Established in 1958 and headquartered in Hyderabad, Telangana, NMDC is India’s largest producer of iron ore and a significant contributor to the country’s mineral sector.

NMDC Forecast Key Info

The NMDC Ltd stock is now trading at ₹ 68.78.

The company has a Debt to Equity ratio of 0.13 which shows good money management by the company management team.

NMDC maintains a high Return on Equity (ROE) of 30.26% and Return on Capital Employed (ROCE) of 38.73%

Company Essentials

Market Cap

₹ 60,909.71 Cr.

Enterprise Value

₹ 51,993.30 Cr.

No. of Shares

879.18 Cr.

Face Value

₹ 1

P/E

9.15

P/B

1.98

Div. Yeild

3.49%

Book Value

₹ 34.95

Debt

₹ 3,356.54 Cr.

Prtomoter Holding

60.79%

EPS (TTM)

7.57

Cash

₹ 12,272.95 Cr.

Profit Growth

1.87%

Sales Growth

20.53%

ROE

23.60%

ROCE

30.41%

Company Share Holdings

  • Promoters : 60.79%
  • DII : 15.12%
  • FII : 11.72%
  • Public : 12.35%
  • Others : 0%

Company Financials

NMDC Ltd..’s net sales increased by 20.5201% and profit after tax increased by 1.86% between financial year 2023 to 2024.
Period202220232024
Revenue₹ 25,964.79₹ 17,666.88₹ 13,938.61
Expense₹ 13,333.85₹ 11,603.84₹ 13,938.61
Profit After Tax₹ 9,447.59₹ 5,528.63₹ 5,631.89
Assets₹ 32,087.17₹ 37,607.26₹ 41,971.18
Amount in ₹ Crore

About the Company

NMDC was incorporated on November 15, 1958, as a private limited company and later became a public enterprise. Over the decades, it has expanded its operations across various minerals and regions in India.

NMDC’s core activities encompass:

  • Iron Ore Mining: Operating major iron ore mines in Chhattisgarh (Bailadila Sector) and Karnataka (Donimalai), producing over 40 million tonnes per annum (MTPA).
  • Diamond Mining: Managing India’s only mechanized diamond mine at Panna, Madhya Pradesh, with recent plans to extract diamonds worth $3.4 million.
  • Other Minerals: Exploring and producing minerals like copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, tin, tungsten, graphite, and beach sands.
  • Steel Production: Establishing a 3 MTPA integrated steel plant at Nagarnar, Chhattisgarh, through its subsidiary NMDC Steel Limited, which was listed on stock exchanges in February 2023.
  • International Ventures: Exploring lithium mining opportunities in countries like Australia and Chile, aiming to secure critical minerals for future technologies.

NMDC Share Price Target 2025 to 2040

Here, we are going to provide you a quick glance of predicted target of NMDC Ltd stock, the detailed forecast is also provided below.
YearInitial TargetYear End Target
2025₹ 75.90
2026₹ 73.97₹ 88.54
2027₹ 86.49₹ 100.93
2028₹ 99.03₹ 113.77
2029₹ 111.53₹ 125.53
2030₹ 123.97₹ 136.85
2035₹ 154.25₹ 169.85
2040₹ 178.20₹ 195.45

NMDC Share Price Target 2025

The initial target of this company can be around ₹72.50 and the year end target is expected to be around ₹75.90.

Year/MonthPredicted Target
March 2025
April 2025
May 2025₹ 72.50
June 2025₹ 72.97
July 2025₹ 71.57
August 2025₹ 70.51
September 2025₹ 70.48
October 2025₹ 76.21
November 2025₹75.79
December 2025₹ 75.90

NMDC Share Price Target 2026

The initial target of this company can be around ₹73.97 and the year end target is expected to be around ₹88.54.

Year/MonthPredicted Target
January 2026₹ 73.97
February 2026₹ 74.75
March 2026₹ 73.24
April 2026₹ 76.06
May 2026₹ 78.76
June 2026₹ 85.55
July 2026₹ 84.04
August 2026₹ 83.33
September 2026₹ 83.33
October 2026₹88.83
November 2026₹ 88.21
December 2026₹ 88.54

NMDC Share Price Target 2027

The initial target of this company can be around ₹86.49 and the year end target is expected to be around ₹100.93.

Year/MonthPredicted Target
January 2027₹ 86.49
February 2027₹ 87.23
March 2027₹ 85.62
April 2027₹ 88.61
May 2027₹ 91.25
June 2027₹ 98.12
July 2027₹ 96.53
August 2027₹ 95.34
September 2027₹ 95.71
October 2027₹ 101.14
November 2027₹ 100.62
December 2027₹ 100.93

NMDC Share Price Target 2028

The initial target of this company can be around ₹99.03 and the year end target is expected to be around ₹113.77.

Year/MonthPredicted Target
January 2028₹ 99.03
February 2028₹ 99.88
March 2028₹ 98.07
April 2028₹ 113.80
May 2025₹ 103.79
June 2025₹ 110.68
July 2025₹ 109.05
August 2025₹ 107.84
September 2025₹ 113.64
October 2025₹ 113.09
November 2025₹ 113.05
December 2025₹ 113.77

NMDC Share Price Target 2029

The initial target of this company can be around ₹111.53 and the year end target is expected to be around ₹125.53.

Year/MonthPredicted Target
January 2029₹ 111.53
February 2029₹ 112.34
March 2029₹ 110.59
April 2029₹ 113.80
May 2029₹ 116.53
June 2029₹ 123.23
July 2029₹ 121.59
August 2029₹ 120.38
September 2029₹ 120.71
October 2029₹ 125.94
November 2029₹ 125.62
December 2029₹ 125.53

NMDC Share Price Target 2030

The initial target of this company can be around ₹123.97 and the year end target is expected to be around ₹136.85.

Year/MonthPredicted Target
January 2030₹ 123.97
February 2020₹ 124.80
March 2030₹ 123.16
April 2030₹ 125.79
May 2030₹ 128.91
June 2030₹ 128.65
July 2030₹ 129.45
August 2030₹ 135.10
September 2030₹ 134.20
October 2030₹ 135.64
November 2030₹ 136.20
December 2030₹ 136.85

NMDC Share Price Target 2035

The initial target of this company can be around ₹154.25 and the year end target is expected to be around ₹169.85.

Year/MonthPredicted Target
January 2035₹ 154.25
March 2035₹ 159.20
June 2035₹ 161.23
August 2035₹ 164.20
October 2035₹ 166.22
December 2035₹ 169.85

NMDC Share Price Target 2040

The initial target of this company can be around ₹178.20 and the year end target is expected to be around ₹195.45.

Year/MonthPredicted Target
January 2040₹ 178.20
March 2040₹ 181.42
June 2040₹ 185.20
August 2040₹ 186.90
October 2040₹ 191.25
December 2040₹ 195.45

Bull Case

  • The NMDC Limited company has maintained a healthy ROCE of 30.26 and ROCE of 38.73% over the past 3 years.
  • The company has a healthy Interest coverage ratio of 103.42.
  • With an interest coverage ratio of 102.64 in FY24, the company demonstrates a strong ability to meet its debt obligations.

Bear Case

  • The company’s quarterly revenues and net profits have shown variability.
  • In Q1 FY25, NMDC faced production and dispatch disruptions due to workers’ strikes, leading to a decline in sales volumes despite higher iron ore prices.
  • As a major iron ore producer, NMDC’s performance is closely tied to global commodity prices, making it susceptible to market fluctuations.

NMDC Share Price Target: FAQ

The year end target of this share can be ₹75.90 for 2025
The year end target of this share can be ₹88.54 for 2025
The year end target of this share can be ₹100.93 for 2025
The year end target of this share can be ₹113.77 for 2025
The year end target of this share can be ₹125.53 for 2025
The year end target of this share can be ₹136.85 for 2025

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