NMDC stock reports stronger September output as shares fall 1.68 percent

Published on 10/07/2026 at 07:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NMDC stock was trading at INR 73.13 on October 7, 2026, as September production reached 4.04 million tonnes. Q1 FY27 revenue was INR 6,795 crore.

NMDC, INE584A01023, Illustration mit AI erstellt.

NMDC Limited stock was trading at INR 73.13 on the NSE at 11:00 a.m. IST on October 7, 2026, down 1.68 percent during the session. The latest operating update showed September iron ore production of 4.04 million tonnes and sales of 3.51 million tonnes, according to StockFin on October 1, 2026.

September production moves higher

September production exceeded the 3.75 million tonnes recorded a year earlier, while sales remained broadly unchanged on the comparison cited by StockFin. Cumulative production through September 2026 reached 27.27 million tonnes, giving the company a substantial operating base for the second half of fiscal 2027.

Management is targeting 60 million tonnes of iron ore production in FY27, a goal also cited in the October analysis. The target matters because volume growth, rather than a one-off price effect, is central to NMDC's expansion plan.

Quarterly earnings set the baseline

For Q1 FY27, total operating income was INR 6,795 crore, up 0.8 percent year over year, while iron ore sales volume rose 1.8 percent to 11.7 million tonnes, according to DSIJ. The same report put EBITDA at INR 2,468 crore and the EBITDA margin at 36.3 percent, compared with 36.8 percent in Q1 FY26.

The earnings profile therefore combines modest revenue growth with a small margin decline. That mix leaves the production ramp and realized iron ore prices as the key variables for the next reported quarter.

Analysts see a higher valuation range

A consensus compiled by Simply Wall St showed 23 analysts, an average 12-month target of INR 89.26, a high of INR 112.00 and a low of INR 67.00. Against the INR 73.13 intraday price, the average target is 22.05 percent higher.

Prabhudas Lilladher retained an Accumulate rating and raised its target to INR 97 from INR 95 in a June 2, 2026 update published by DSIJ. Its outlook rests on mine ramp-ups, higher iron ore pricing and diversification into pellets and coal, while the report also identifies project execution and receivables as risks.

NMDC stock stays near yearly low

At INR 73.13 on October 7, 2026, NMDC stock was INR 0.89 above its 52-week low of INR 72.24 and below its 52-week high of INR 97.49. Market capitalization stood at INR 642.9 billion and volume reached 6,521,525 shares at the same timestamp.