NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 31230.87 Crore) operating in Mining sector.
By ETMarkets.com | Updated:
Agencies
Promoters held 69.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 4.5 per cent, DIIs 20.5 per cent and public and others 5.4 per cent.
Motilal Oswal has buy call on NMDC with a target price of Rs 129. The current market price of NMDC Ltd. is Rs 101.65. NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 31230.87 Crore) operating in Mining sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2229.89 Crore, up 15.09 % from last quarter Sales of Rs 1937.50 Crore and down -.53 % from last year same quarter Sales of Rs 2241.76 Crore Company reported net profit after tax of Rs 772.53 Crore in latest quarter.
Investment Rationale The brokerage values the stock at INR129/share on a SoTP basis – 4x FY22E EV/EBITDA for its core iron ore mining business and ~25% book value for the Nagarnar plant. At the CMP, the stock is trading at 2.8x its core iron ore mining business. Promoter/FII Holdings Promoters held 69.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 4.5 per cent, DIIs 20.5 per cent and public and others 5.4 per cent.
