As of December 30, 2024, NMDC Limited’s share price is approximately ₹68.1 on the National Stock Exchange (NSE).
Key Financial Metrics:
- Market Capitalization: ₹59,872 crore.
- Price-to-Earnings (P/E) Ratio: 9.54.
- Dividend Yield: 3.56%.
- Return on Equity (ROE): 23.9%.
- Book Value per Share: ₹32.3.
Recent Performance:
Over the past six months, NMDC’s share price has decreased by approximately 72.19%, and over the last year, it has decreased by about 72.19%.
About NMDC:
NMDC Limited is a Navratna public sector enterprise under the Ministry of Steel, Government of India. Established in 1958, it is primarily engaged in the exploration and production of iron ore, along with other minerals such as copper, rock phosphate, limestone, magnesite, diamond, and tungsten. The company operates mechanized iron ore mines in Chhattisgarh and Karnataka and a mechanized diamond mine at Panna, Madhya Pradesh.
Investment Considerations:
NMDC has a strong return on equity (ROE) track record, with a 3-year average ROE of 29.0%, and has been maintaining a healthy dividend payout of 39.5%. However, the company has delivered a sales growth of 11.9% over the past five years.
Please note that stock prices are volatile and subject to market risks. It’s advisable to consult financial advisors or conduct thorough research before making investment decisions.
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