| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 3,662 | 3,365 | +8.8% |
| EBITDA | 400 | 408 | −2.0% |
| EBITDA margin | 10.9% | 12.1% | −1.2 pts |
| Profit before tax | 74.0 | 36.1 | +104.6% |
| Net profit | 50.5 | 25.6 | +97.6% |
| EPS | ₹0.19 | ₹0.09 | +111.1% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 |
|---|
| 11,479 | — | — | — | — | |
| 8.9 | 8.9 | 7.0 | 6.7 | 621 | |
| 4,602 | 4,602 | 5,898 | 6,652 | 3,842 | |
| 16,072 | — | — | — | — | |
| 13,938 | 13,642 | 8,503 | 3,049 | 0.0 | |
| — | +60.4% | +178.9% | — | — | |
| 1,510 | 1,518 | −1,788 | −1,437 | 0.0 | |
| 10.8% | 11.1% | −21.0% | −47.1% | — | |
| 484 | 476 | −2,741 | −1,990 | 0.0 | |
| 83.7 | 58.7 | −2,374 | −1,560 | 0.0 | |
| 0.6% | 0.4% | −27.9% | −51.2% | — | |
| ₹0.29 | ₹0.20 | −₹8.10 | −₹5.32 | ₹0.00 | |
| — | +102.5% | −52.1% | — | — | |
| — | 1,796 | 1,966 | −2,733 | 1,516 | |
| — | −271 | −428 | 0.0 | −2,155 | |
| 1,525 | 1,525 | 1,538 | −2,733 | −639 | |
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 11,479.2 | |
| - Cash, Equiv & ST Investments | 621.1 | 6.7 | 7.0 | 8.9 | 8.9 | |
| + Total Debt | 3,841.9 | 6,651.8 | 5,897.6 | 4,601.9 | 4,601.9 | |
| Enterprise Value | — | — | — | — | 16,072.3 | |
| Revenue | 0.0 | 3,049.0 | 8,503.1 | 13,641.8 | 13,938.4 | |
| Growth %, YoY | — | — | +178.9 | +60.4 | — | |
| EBITDA | 0.0 | -1,436.9 | -1,788.3 | 1,518.2 | 1,510.1 | |
| Margin % | — | -47.13 | -21.03 | 11.13 | 10.83 | |
| EBIT | 0.0 | -1,989.7 | -2,741.3 | 476.4 | 484.0 | |
| Net Income | 0.0 | -1,560.3 | -2,373.8 | 58.7 | 83.7 | |
| Margin % | — | -51.17 | -27.92 | 0.43 | 0.60 | |
| EPS, Adj (current shares) | 0.00 | -5.32 | -8.10 | 0.20 | 0.29 | |
| Growth %, YoY | — | — | -52.1 | +102.5 | — | |
| Cash from Operations | 1,516.0 | -2,732.7 | 1,966.0 | 1,795.5 | — | |
| Capital Expenditures | -2,155.2 | -0.0 | -427.6 | -270.6 | — | |
| Free Cash Flow | -639.2 | -2,732.7 | 1,538.4 | 1,524.9 | 1,524.9 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
NMDC Steel (NSE: NSLNISP) had a market capitalisation of ₹11,406 crore at the 29 October 2026 close (₹38.92 a share), a PE ratio of 136.3 on the last four quarters' profit and a price-to-book ratio of 0.87. In FY26 its consolidated net profit was ₹58.7 crore on revenue of ₹13,642 crore; in Q1 FY27 (April–June 2026) it was ₹50.5 crore, up 97.6% year on year. Its debt-to-equity ratio was 0.35 on 31 March 2026. Promoters held 60.79% of the shares on 30 September 2026.
NMDC Steel's PE ratio is 136.3 at the 29 October 2026 close (₹38.92 a share): a market capitalisation of ₹11,406 crore divided by consolidated net profit of ₹83.7 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹58.7 crore) it is 194.2.
NMDC Steel's net worth — shareholders' equity in its consolidated balance sheet — was ₹13,173 crore on 31 March 2026, up 0.4% from ₹13,114 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹11,406 crore at the 29 October 2026 close.
NMDC Steel's book value per share was ₹44.95 on 31 March 2026: shareholders' equity of ₹13,173 crore divided by the 293.06 crore shares in issue, up 0.4% from ₹44.75 a year earlier. The share price at the 29 October 2026 close was ₹38.92.
NMDC Steel's price-to-book (PB) ratio is 0.87 at the 29 October 2026 close: a market capitalisation of ₹11,406 crore divided by shareholders' equity (book value) of ₹13,173 crore on 31 March 2026. That is a book value of ₹44.95 per share against a share price of ₹38.92.
In FY26, NMDC Steel's return on equity (ROE) was 0.5% and its return on capital employed (ROCE) was 2.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −16.6% and ROCE −13.4%.
On 30 September 2026, NMDC Steel's shares were held by promoters 60.79%, foreign portfolio investors (FII/FPI) 4.93%, domestic institutions (DII) 15.79% (including mutual funds at 0.85%) and retail and other non-institutional investors 18.48%. Over the year, FII holding was down 0.20 percentage points from 5.13% and DII holding was up 0.45 percentage points from 15.34%.
NMDC Steel's market capitalisation was ₹11,406 crore at the 29 October 2026 close: 293.06 crore shares at ₹38.92 each.
NMDC Steel's basic earnings per share (EPS) were ₹0.20 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹0.31.
NMDC Steel has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
No. NMDC Steel had borrowings of ₹4,602 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.35. Its cash and current investments were ₹800 crore, so its net debt was ₹3,802 crore.
NMDC Steel's debt-to-equity ratio was 0.35 on 31 March 2026: borrowings of ₹4,602 crore against total equity of ₹13,173 crore. A year earlier, on 31 March 2025, it was 0.45.
Promoters held 60.79% of NMDC Steel on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, NMDC Steel generated ₹1,796 crore of cash from operations and spent ₹271 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,525 crore. In FY25 it was ₹1,538 crore.
NMDC Steel's latest results are for Q1 FY27 (April–June 2026), filed on 15 August 2026: consolidated net profit ₹50.5 crore, up 97.6% from ₹25.6 crore in Q1 FY26; revenue from operations ₹3,662 crore, up 8.8% year on year.
In FY26 (April 2025–March 2026), NMDC Steel's consolidated net profit was ₹58.7 crore, against a loss of ₹2,374 crore in FY25, on revenue from operations of ₹13,642 crore (up 60.4%).
On FY26 consolidated figures, against JSW Steel, Tata Steel and SAIL: NMDC Steel's operating margin of 3.5% is the lowest of the four (JSW Steel 10.9%, Tata Steel 9.7%, SAIL 5.4%; peer average 8.7%); its return on equity of 0.5% is the lowest of the four (JSW Steel 24.9%, Tata Steel 11.2%, SAIL 5.7%; peer average 13.9%).
At the 29 October 2026 closing prices, on FY26 net profit, NMDC Steel's PE ratio is 194.2, the highest of the four: JSW Steel 13.7, Tata Steel 19.6 and SAIL 19.7, a peer average of 17.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, NMDC Steel earned net profit of ₹58.7 crore on revenue of ₹13,642 crore, against ₹22,316 crore on ₹1,85,470 crore for JSW Steel. NMDC Steel's operating margin was 3.5% (JSW Steel 10.9%) and its return on equity 0.5% (JSW Steel 24.9%). At the 29 October 2026 close, NMDC Steel's market capitalisation was ₹11,406 crore against ₹3,06,318 crore for JSW Steel, and its PE ratio on FY26 profit 194.2 against 13.7.
From NMDC Steel's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.