NMDC shares: key levels, valuation, depth data 2026

Market depth screens set the tone on 16 April 2026

Order book snapshots from BSE and NSE on 16 April 2026 showed active two-way interest across price levels, with visible supply stacked above the best ask in one of the screens. In the first BSE market depth table, top bids were clustered around ₹87.20 to ₹87.08, while asks started at ₹87.35 and moved up to ₹87.53. The second market depth table showed a best bid and ask of ₹41.56 and ₹41.62, with total buy quantity of 145,029 and total sell quantity of 231,547. Such depth data is often used to gauge near-term liquidity, but it does not confirm direction on its own.

The same dataset also carried “Stock Score” style summaries, highlighting a score of 74/100 on one screen. The narrative attached to that score described “Superior Financial Strength” and “Average Growth Trend” at “Attractive Valuations,” along with a note that the price was 1.69% away from its 52-week high. It also flagged that promoter holding was unchanged at 60.79% in the December 2025 quarter.

What the scorecards highlighted: strengths, weaknesses, opportunities

The NSE-linked screen listed a set of qualitative tags. Strengths included “Company with Low Debt.” Weaknesses included “FII/FPI decreased their shareholding last quarter.” Opportunities included “Stock with Low PE (PE <= 10).” A listed threat was “Degrowth in Revenue, Profits and Operating Profit Margin in recent results (QoQ).”

Separately, one screen showed “Opportunities (4) Above 200 DMA” and “Threats (0) No Threat for this stock.” These tags were presented as platform insights, not as company management commentary. Readers should treat them as signals that reflect the platform’s screening logic rather than audited disclosures.

NMDC Steel seasonality and valuation cues

A seasonality note stated that 4 out of 4 years NMDC Steel delivered positive returns in April. The same block of data provided valuation and risk metrics including a PE ratio of 9.86x and EPS (TTM) of ₹7.85. It also listed a market capitalisation of ₹68,075.04 crore and a sectoral market cap rank of 2. Additional metrics included PB ratio of 2.30x, dividend yield of 4.26%, and beta of 1.38.

A price reference in the depth snapshot showed bid/ask of ₹41.56/₹41.62 for the instrument linked to that order book. The table also displayed VWAP of ₹77.63 and a 52-week high/low of ₹86.72/₹59.53 as part of the same metrics dump.

NMDC technical signals noted in March 2026

The input also cited two moving-average crossover signals dated March 25, 2026. It said a 200-day moving crossover appeared on that date, with an average price gain of 5.19% within 30 days of the signal over the last five years. It also said a 5-day moving crossover appeared on the same date, with an average price gain of 3.34% within 7 days of the signal over the last five years.

Alongside these technical references, the dataset stated that the company spent less than 1% of operating revenues towards interest expenses and 7.51% towards employee costs in the year ending March 31, 2025.

Price action snapshots: highs, pullbacks, and range markers

Multiple price snapshots were included for NMDC Ltd, creating a mixed but data-rich picture.

One block stated that on 7 January 2026, NMDC reached ₹85.47, described as the highest level in the past year, and noted a one-year return of 28.57% versus the Sensex’s 8.54% over the same period. It also cited a 52-week low of ₹59.56 and said NMDC was the second largest Minerals and Mining company by market capitalisation at ₹73,702 crore, behind Coal India.

Another block stated that on 2 January 2026, NMDC hit ₹84.72 as its highest in the past year, and described this as a 42.1% rise from the 52-week low of ₹59.56. That section also cited a one-year return of 24.76% versus the Sensex’s 7.00%.

A later price line showed NMDC at ₹76.73, down ₹4.53 (−5.57%), with previous close at ₹81.26, open at ₹80.00, and high at ₹80.38 (timestamped 04-Mar-2026 13:00:27 IST). Separately, a market summary table listed day’s range of ₹82.80–₹86.72 and a 52-week range of ₹59.53–₹86.72, along with RSI of 61.82.

Shareholding signals and institutional participation

The input reported promoter holding unchanged at 60.79% in the December 2025 quarter. It also stated institutional investors held 27.43% and that this stake increased by 0.74% over the previous quarter. These figures were presented as holdings context alongside the stock’s relative performance versus benchmark indices.

Fundamentals in the dataset: profitability and cash flow references

The dataset cited a long-term average return on equity (ROE) of 25.81% and annualised net sales growth of 20.83%. It also described NMDC as having a debt-free profile with a zero average debt-to-equity ratio.

For cash flow, it stated operating cash flow of ₹1,577.36 crore for the year and noted this was the lowest in recent periods within the context provided. A separate line referenced quarterly net income of ₹1,968 crore versus ₹1,478 crore in the prior quarter (converted from ₹19.68 billion and ₹14.78 billion), a change of 33.16%.

Broker call in Hindi: target price and volume commentary

A Hindi brokerage note attributed to Antique Stock Broking said it maintained a buy view and set a target price of ₹91, described as based on 6x EV/EBITDA for 1HFY28E. It also stated the stock closed at ₹76.44 and mentioned a potential upside of about 19% from that level.

The same note said NMDC recorded provisional sales of about 30.3 million tonnes for 8MFY26 (April–November 2025), up 8.8% year-on-year. It added that lump ore prices were raised by ₹50 per tonne in November 2025, after a cut of ₹500–₹550 per tonne at the end of October 2025. It also stated NMDC fines were priced at a 50.9% discount to international iron ore prices versus a long-term average discount of 42%.

Key numbers at a glance

Why this matters for investors tracking PSU metals and mining

Taken together, the inputs mix order book data, platform-style factor scores, technical triggers, and several performance snapshots across dates. For investors, the consistent elements are the shareholding disclosures (promoter 60.79% and institutional 27.43% with a 0.74% increase), the valuation cues (PE around 10 in the NMDC Steel metrics block), and the technical markers (moving-average crossovers dated March 25, 2026).

But the dataset also shows that strong longer-term returns and dividend yield figures can coexist with sharp single-day declines, as reflected in the ₹76.73 print showing a 5.57% drop. That contrast is typical in commodity-linked stocks where costs, realisations, and sentiment can shift quickly.

Conclusion

The 16 April 2026 market depth snapshots and platform insights put the focus on liquidity, valuation tags, and ownership stability, while the dated price milestones highlight NMDC’s earlier move toward its 52-week highs. Investors watching the space will likely track how volumes, realisations, and costs evolve alongside the next scheduled earnings updates referenced in the dataset.