Want to see IN:NSLNISP full AI Analyst Report?
Top Page
NMDC Steel Limited
(NSLNISP)
Select Model
Select Model
Rating:57Neutral
Price Target:
₹43.00
▲(2.14% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by improving financial performance in FY2026 (return to operating profitability and positive free cash flow) but tempered by still-weak net margins and recent history of losses/cash flow volatility. Technicals are supportive with price above major moving averages, though overbought RSI raises near-term risk. Valuation is the largest headwind due to the very high P/E and no dividend yield data.
Positive Factors
Operating turnaround
The FY2026 rebound shows that the Nagarnar steel operation is moving toward commercially productive scale, with stronger revenue and operating margins. If sustained, this improvement can support reinvestment, better absorption of fixed costs, and stronger earnings capacity over the next several quarters.
Negative Factors
Thin net profitability
The return to operating profitability has not yet translated into meaningful bottom-line returns. A net margin of roughly 0.4%, after two loss-making years, leaves limited protection against cost increases or weaker steel prices and indicates that earnings durability remains unproven.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating turnaround
The FY2026 rebound shows that the Nagarnar steel operation is moving toward commercially productive scale, with stronger revenue and operating margins. If sustained, this improvement can support reinvestment, better absorption of fixed costs, and stronger earnings capacity over the next several quarters.
Read all positive factors
NMDC Steel Limited (NSLNISP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹122.53B
Dividend YieldN/A
Average Volume (3M)736.59K
Price to Earnings (P/E)142.5
Beta (1Y)1.62
Revenue Growth41.57%
EPS GrowthN/A
CountryIN
Employees1,062
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.29
Shares Outstanding2,930,606,000
10 Day Avg. Volume411,787
30 Day Avg. Volume736,591
Financial Highlights & Ratios
PEG Ratio-1.62
Price to Book (P/B)0.74
Price to Sales (P/S)0.71
P/FCF Ratio8.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NMDC Steel Limited Business Overview & Revenue Model
Company Description
NMDC Steel Limited manufactures and sells steel products in India. It offers hot rolled coils, sheets, and plates of welded steel pipe for pipeline transportation systems; structural and silicon steel; pig iron; and LPG grades of LPG cylinders man...
How the Company Makes Money
NMDC Steel Limited makes money primarily by selling steel and steel-related products produced at its integrated steel plant. Its revenue model is largely product-sales driven: (1) Sale of finished steel products: The core revenue stream is realize...
NMDC Steel Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
59
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.38B | 136.42B | 85.03B | 30.49B | 0.00 | 0.00 |
| Gross Profit | 36.34B | 35.71B | 9.66B | -12.77B | 0.00 | 0.00 |
| EBITDA | 15.57B | 16.04B | -17.17B | -13.18B | 0.00 | -71.67K |
| Net Income | 836.70M | 587.20M | -23.74B | -15.60B | 0.00 | -72.32K |
Balance Sheet | ||||||
| Total Assets | 0.00 | 282.37B | 284.70B | 293.68B | 255.68B | 39.02K |
| Cash, Cash Equivalents and Short-Term Investments | 8.00B | 8.00B | 9.62B | 1.82B | 6.55B | 39.02K |
| Total Debt | 0.00 | 46.13B | 59.09B | 66.62B | 38.42B | 0.00 |
| Total Liabilities | -131.73B | 150.64B | 153.55B | 138.80B | 85.20B | 30.85K |
| Stockholders Equity | 131.73B | 131.73B | 131.14B | 154.88B | 170.49B | 8.16K |
Cash Flow | ||||||
| Free Cash Flow | 6.91B | 11.10B | 15.38B | -33.17B | -6.39B | -78.76K |
| Operating Cash Flow | 8.21B | 13.81B | 19.66B | -27.33B | 15.16B | -78.76K |
| Investing Cash Flow | 1.26B | 364.60M | -5.06B | -6.90B | -22.07B | 1.92K |
| Financing Cash Flow | -9.31B | -14.16B | -14.60B | 28.08B | 12.93B | 0.00 |
NMDC Steel Limited Technical Analysis
Negative
42.10
Price Trends
43.14
Negative
44.19
Negative
42.35
Negative
Market Momentum
-0.49
Positive
41.61
Neutral
21.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NSLNISP, the sentiment is Negative. The current price of 42.1 is below the 20-day moving average (MA) of 43.31, below the 50-day MA of 43.14, and below the 200-day MA of 42.35, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 41.61 is Neutral, neither overbought nor oversold. The STOCH value of 21.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NSLNISP.
NMDC Steel Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹3.10T | 12.35 | ― | 0.57% | 12.22% | 411.48% | |
64 Neutral | ₹609.74B | 18.95 | ― | 0.40% | 9.82% | 26.30% | |
63 Neutral | ₹756.30B | 17.55 | ― | 1.29% | 6.45% | 40.79% | |
61 Neutral | ₹2.35T | 20.80 | ― | 2.17% | 10.51% | 143.13% | |
57 Neutral | ₹122.53B | 142.48 | ― | ― | 41.57% | ― | |
56 Neutral | ₹1.15T | 42.49 | ― | 0.18% | 16.45% | -8.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:NSLNISP
NMDC Steel Limited
41.38
-5.93
-12.53%
IN:JINDALSTEL
Jindal Steel Limited
1,132.00
70.11
6.60%
IN:JSL
Jindal Stainless Limited
746.95
-11.23
-1.48%
IN:JSWSTEEL
JSW Steel Limited
1,255.00
115.60
10.15%
IN:SAIL
Steel Authority of India Limited
181.60
48.28
36.22%
IN:TATASTEEL
Tata Steel Limited
184.65
20.53
12.51%
NMDC Steel Limited Corporate Events
NMDC Steel Denies Undisclosed Triggers Behind Surge in Share Volume
Aug 28, 2026
NMDC Steel Limited has clarified a recent surge in trading volumes in its shares following a query from the exchanges. The company stated it promptly discloses all material price-sensitive information in line with securities regulations and has no...
NMDC Steel Clears June Quarter Results After Clean Auditor Review
Aug 14, 2026
NMDC Steel Limited’s board has approved the unaudited integrated financial results for the quarter ended June 30, 2026, following a meeting held on August 14, 2026. The figures have been prepared in line with Indian Accounting Standard 34 an...
NMDC Steel Names New Company Secretary and Compliance Officer
Jul 30, 2026
NMDC Steel Limited has announced a change in its key managerial personnel responsible for corporate governance and regulatory compliance. The company’s previous Company Secretary and Compliance Officer, Aniket Kulshreshtha, has resigned from...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.