Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Notice of 11th Annual General Meeting and evoting information Newspaper clippings
Source: Bse
NMDC Steel Limited (NSLNISP)
Large CapMetals stocks · Large cap · NSE
NMDC Steel Limited operates in the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 01:32 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
43NeutralSMA20 -6.3% / mo · MACD +
Stock trend: 38
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NSLNISPD candles · FIT view-1.8%Latest close ₹40.22 on 2026-10-19
Bar
-0.0%
RSI
43
MACD hist
0.02
52W pos
35%
2026-10-19O ₹40.24H ₹40.50L ₹39.84C ₹40.22Vol 27.7L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NSLNISPNifty MetalNifty 500
- NSLNISP
- -6.4%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- -0.8 pp
Chart stats
19 Oct 2026- From 52W high
- -25.2%
- 52W range position
- 35%
- ATR (14)
- 3.3%
- Volume vs 20D
- 0.52x
- Avg traded value
- ₹21 Cr
- 20D price channel
- ₹38.9 - ₹44.6
₹53.8
₹33 - ₹53.8
₹1.3
Latest completed session
20-session average
24.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good57
Revenue +8.8% · PAT +96.2% YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model-298.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 57/100Rev +9% YoY · PAT +96% YoY · operating leverage · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,662 Cr | +8.8% | -5.6% |
| EBITDA | ₹400 Cr | -2.0% | -50.4% |
| Operating margin | 11.0% | -100 bps | -1000 bps |
| PAT | ₹51 Cr | +96.2% | -87.0% |
| PAT margin | 1.4% | +62 bps | -872 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 139.00
- P/B
- 0.88
- EV/EBITDA
- 6.41
- Market Cap
- 11649.00Cr
Profitability
- ROE
- 0.45%
- ROCE
- 3.06%
- ROA
- 0.30%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 468.00%
- EPS 5Y
- 468.00%
- Revenue 3Y
- -8.00%
- EPS 3Y
- -8.00%
Balance Sheet
- Debt/Equity
- 0.35
- Interest Coverage
- 3.15×
- Altman Z
- 1.81
- Book Value
- 45.00
Cash Flow
- FCF Yield
- 11.07%
- FCF Positive Y
- 1/5
- OCF
- 1796.00 Cr
- EPS TTM
- 0.29
Shareholding
- Promoter Hold
- 60.79%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 33%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 13.6k+60.4% vs prev
Net Profit
₹ CrLatest: 59.0+102.5% vs prev
Return on Equity
%Latest: 0.5+102.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 43. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~6.7% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 25% off 52W high · 22% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
43
RS percentile
Stage 1 Base / Transition
1M return
-5.6%
3M return
-6.4%
6M return
-5.1%
1Y return
-15.6%
RS 1D
-2
RS 20D
-7
Sector rank
#11
Industry rank
-
Stage evidence
- Price is within 6.0% of the 30-week proxy.
- The 30-week proxy changed +0.9% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 92.39+0.98%
RS vs Nifty 50092
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation5/30
Growth20/25
Quality0/20
Balance Sheet9/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 11.1%.
- Piotroski is strong at 8/9.
- Growth contributes 20/25 to the score.
Main drags
- Fair-value margin of safety is negative at -298.5%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 5/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
139.0
PB
0.9
EV/EBITDA
6.4
ROE
0.5%
ROCE
3.1%
FCF Yield
11.1%
Debt/Equity
0.3
MoS
-298.5%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-298.5%
Previous: -298.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
44
44
44
44
44
44
44
44
44
44
44
44
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹17.14
-134.7% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹10.09
-298.5% MoS
PEG
0.30
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MSPL
Small
MSP Steel & Power Limited
Metals / Mining
match 51
43
12.9
13.9%
-35%
WATCHLIST
AMCL
SME
ANB Metal Cast Ltd.
Metals / Mining
match 49
61
18.8
32.4%
+46%
UNDERVALUED
ANKITMETAL
Small
Ankit Metal & Power Limited
Metals / Mining
match 46
0
—
-65.2%
—
OVERVALUED
GRAVITA
Large
Gravita India Limited
Metals Recycling
match 23
50
28.0
15.5%
+22%
FAIR VALUE
JAINREC
Large
Jain Resource Recycling Limited
Recycling
match 22
55
27.2
30.4%
+21%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
NMDC Steel Limited operates in the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 38th percentile within Metals. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Metals: 38th pctile, median 70 · Large: 23rd pctile, median 73
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
40
weak · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 60.8%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 11.1%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE is low at 3.1%.
- ▸ROE is low at 0.5%.
- ▸OPM spread across recent quarters is 52%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching NMDC Steel Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 21 Aug - Crisil upgraded NMDC Steel’s Rs.4,500 crore bank facilities to A/Stable from BBB+/Stable.
Source: Bse
Credit rating
Credit-rating report · NMDC Steel Limited has informed the Exchange about Credit Rating- Revision
Source: Nse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 19 Jul - Shri Vivek Nishant Nath appointed Director (Commercial) on NMDC Steel board from 15 July 2026 for five years.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Jul - Aniket Kulshreshtha resigned; Paraj Kanti Saha appointed Company Secretary and Compliance Officer effective 30 July 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 31 Mar - Shri Anurag Kapil appointed Director (Finance) of NMDC Steel effective 31-Mar-2026 for five years.
Source: Bse
Announcement
Extension Of Additional Charge Of The Post Of Director (Commercial), NMDC Steel Ltd. To Shri Vinay Kumar, Director (Technical). 31 Mar - Extension of Director (Commercial) additional charge to Vinay Kumar for one year from 07.04.2026.
Source: Bse
AnnouncementMar 2026
Mar 2026 · Outcome Of Board Meeting - Audited Financial Results For The Quarter & Financial Year Ended 31St March 2026 29 May - NMDC Steel approved FY26 audited results; revenue rose to ₹13,641.81 crore, profit ₹58.72 crore.
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Change in Management 31 Mar - Anurag Kapil appointed Director (Finance)/CFO w.e.f. 31.03.2026; K. Raj Shekhar ceased.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.