NMDC stock gains 2.02 percent as quarterly sales fall

Published on 09/23/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NMDC stock traded at INR 81.82 on September 23, 2026, up 2.02 percent on NSE. June 2026 sales fell 15.2 percent to INR 6,795.25 crore.

NMDC, INE584A01023, Illustration mit AI erstellt.

NMDC stock (ISIN INE584A01023) traded at INR 81.82 on the NSE at 12:49 p.m. IST on September 23, 2026, up 2.02 percent from the previous close. The move came as the Nifty Metal index gained 1.72 percent, while NMDC remained 4.75 percent lower over one month.

Quarterly sales show pressure

According to MarketsMOJO on September 23, 2026, NMDC reported net sales of INR 6,795.25 crore for the quarter ended June 2026, down 15.2 percent from its previous four-quarter average.

The same June 2026 data show net income of INR 2,007.27 crore and a net profit margin of 29.53 percent. The figures provide a mixed signal: profitability remained substantial, but the sales comparison points to weaker operating momentum than the recent quarterly average.

Returns remain ahead of metals

According to Business Standard on September 23, 2026, NMDC was up 5.98 percent over one year, compared with a 6.43 percent decline in the Nifty and a 31.34 percent fall in the Nifty Metal index. That relative performance contrasts with the shorter-term one-month decline of about 4.75 percent.

Trading activity also remained meaningful. Volume reached 85.72 lakh shares by 12:49 p.m. IST on September 23, 2026, versus a one-month daily average of 140.49 lakh shares, according to the same market update.

Valuation and price range

MarketsMOJO revised its rating from Buy to Hold on August 14, 2026, while its September 23, 2026 analysis cited a market capitalization of about INR 70,326 crore, a price-to-book ratio of 2.1 and a PEG ratio of 0.7. The Hold view reflects the contrast between NMDC's 27.95 percent return on equity and its five-year operating-profit compound annual decline of 6.04 percent.

For investors, the key comparison is between current earnings power and sales momentum. June 2026 net income of INR 2,007.27 crore remained close to the March 2026 quarterly figure of INR 2,020.13 crore, while June revenue of INR 6,795.25 crore was 39.2 percent below March revenue of INR 11,173.14 crore.

NMDC stock stays below yearly high

NMDC stock stood at INR 81.82 on the NSE as of 12:49 p.m. IST on September 23, 2026. The stock's one-year gain of 5.98 percent and its 52-week range of INR 72.24 to INR 97.49 frame the current price against both longer-term performance and recent volatility.