NMDC topline seen falling 33% on lower sales volume: Angel Broking

NMDC is slated to announce its 4QFY2012 results. We expect the company’s topline to decrease by 33.1 percent YoY to Rs 2,524 crore on account of lower sales volumes as well as realizations. On the operating front, EBITDA is expected to decrease by 29.2 percent YoY to Rs 1,939 crore. The bottomline is expected to decrease by 27.2 percent YoY to Rs 1,528 crore.

We recommend 'accumulate' on the stock with a target price of Rs 185.