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India
As of 18 Sept 2026, 03:30 pm
NMDC's Panna mine has yielded a significant 27.29-carat gem-quality diamond, which is the second-largest discovery at this site to date. This follows the recovery of a 13.16-carat diamond in July. The Panna mine is noted as India's only mechanized diamond mine.
NMDC announced a dividend of Re 1 per share, resulting in an annual yield of 3.8%. In comparison, SAIL declared a dividend of ₹2.35 per share, yielding 1.32%.
As of September 18, 2026, the daily trend for NMDC indicates a bearish SuperTrend direction with a value of 86.24. The 20-day Exponential Moving Average (EMA) is 83.38, and the 50-day EMA is 84.55. The weekly trend shows a bullish SuperTrend direction at 75.93, with the 20-day EMA at 84.39 and the 50-day EMA at 81.94.
On September 8, 2026, the Comptroller & Auditor General of India appointed M/s. M C Bhandari & Co., Hyderabad, as the statutory auditor for NMDC Limited's consolidated and standalone accounts. Various branch auditors were also appointed for specific projects and units.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Downward price movement of 2.56 standard deviations recorded on 2026-08-27.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹6,795.25 crore | PEAK₹11,343.13 crore | ₹7,610.79 crore | ₹6,378.11 crore | ₹6,738.86 crore |
| Profit Before Exceptional Items And Tax | ₹2,691.09 crore | PEAK₹2,872.85 crore | ₹2,374.84 crore | ₹2,258.96 crore | ₹2,642.83 crore |
| Profit Before Tax | ₹2,691.09 crore | PEAK₹2,872.85 crore | ₹2,374.84 crore | ₹2,258.96 crore | ₹2,642.83 crore |
| Profit Loss For Period From Continuing Operations | ₹2,005.84 crore | PEAK₹2,017.77 crore | ₹1,747.15 crore | ₹1,682.93 crore | ₹1,967.52 crore |
| Profit Loss For Period | ₹1,976.33 crore | PEAK₹2,027.23 crore | ₹1,756.59 crore | ₹1,698.86 crore | ₹1,967.74 crore |
| Comprehensive Income For The Period | ₹1,981.81 crore | PEAK₹2,044.95 crore | ₹1,738.70 crore | ₹1,678.45 crore | ₹1,954.01 crore |
Inter‑segment revenue surged to ₹294.62 crore in Q1 FY27, up 68% from ₹175.56 crore in the fourth quarter and more than eightfold compared with ₹34.05 crore in Q1 FY26. The sharp increase points to rising internal sales, although their contribution to total revenue remains small.
Exchange disclosures and regulatory announcements for NMDC.
On September 18, 2026, NMDC Limited announced a target to achieve Net Zero operational emissions by 2047, covering Scope 1 and Scope 2 emissions with a minimum 90% reduction goal. The company outlined a three-phase roadmap spanning FY 2026 to FY 2047, implementing strategies such as renewable energy integration, fleet electrification, and the adoption of Carbon Capture, Utilisation and Storage (CCUS). Key initiatives already underway include a 10.5 MW wind facility at Chitradurga and upcoming logistics improvements like a slurry pipeline project and increased rail freight usage.
NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
NMDC Limited opened a special one-year window from February 05, 2026, to February 04, 2027, for the transfer and dematerialization of physical securities sold or purchased prior to April 1, 2019, as well as previously rejected or unattended transfer requests. Pursuant to SEBI Circular dated January 30, 2026, all such transfers must be credited in dematerialized form and are subject to a mandatory one-year lock-in period from the date of registration. The Registrar and Transfer Agent, M/s Aarthi Consultants Pvt Ltd, is designated to process these requests.
On 8 September 2026, the Comptroller & Auditor General of India appointed M/s. M C Bhandari & Co., Hyderabad as the statutory auditor for NMDC Limited's consolidated and standalone accounts, head office, R&D lab, Hyderabad, and Sponge Iron unit, Paloncha. Branch auditors appointed include M/s. Vinay Kumar & Co. for the Diamond Mining Project, Panna; M/s. AVRSK and Associates, LLP for Kirandul, Bacheli, Slurry Pipe Line Unit, and Regional Office-Vizag; and M/s. BPSSY & Co. for Donimalai Complex including Kumaraswamy iron ore mine and Pellet Plant.
NMDC Limited published newspaper clippings on 7th September 2026 in Financial Express (English), Vaartha (Telugu), and Daily Hindi Milap (Hindi) regarding the Notice of its 68th Annual General Meeting and e-voting information, as required under Regulation 30 of SEBI (LODR) Regulations, 2015.
On September 7, 2026, NMDC Limited notified stock exchanges that its notice for the 68th Annual General Meeting and e-voting information was published in 'Financial Express', 'Vaartha', and 'Daily Hindi Milap' on the same date. The disclosure, signed by Company Secretary Aniket Kulshreshtha, confirms compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015 regarding the dissemination of shareholder meeting details.
NMDC Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 28-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
Recent market and company developments associated with NMDC.
NMDC plans net zero operational emissions by 2047, focusing on scope-one and scope-two emissions. Key strategies include energy efficiency and renewable energy integration for decarbonisation. The company will progressively implement measures across three distinct phases until 2047. NMDC aims for a minimum ninety percent reduction in operational emissions through its pathway. Remaining emissions will be addressed through offsetting measures as the roadmap progresses.
Maharatna SAIL declared a ₹2.35 per share dividend, yielding 1.32%, while Navratna NMDC announced a Re 1 dividend, with an annual yield of 3.8%. Check comparison of both PSU stocks
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NMDC Panna has recovered a significant 27.29-carat gem-quality diamond. This discovery marks the second-largest diamond ever found at the Panna mine. The find follows a 13.16-carat diamond recovered earlier in July. NMDC operates India's only mechanized diamond mine in Panna, Madhya Pradesh. The company is also India's largest iron ore producer.
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NMDC has recovered a 27.29-carat diamond from its Panna project, marking a significant milestone in India's diamond mining.
NMDC finds 27.29-carat gem-quality diamond at Panna’s Majhgawan mine, its second-largest; auction price seen near Rs 1 crore, could reach Rs 2.5 crore.
Based on its colour, carat weight,and clarity (CCC), and add one S-Shape ,the newly recovered 27.29-carat diamond is initially estimated to be valued at around Rs 1 crore. The final value will be determined through the prescribed evaluation and auction process, the company said.
Comprehensive Section Breakdown for NMDC
Strategic Vision: Mines and produces iron ore and diversifies into critical minerals.
Category: Manufacturing
Operates three fully mechanized iron ore mines and is a predominant supplier in the Indian iron ore market.
Category: Manufacturing
Diversifying into critical and rare earth minerals, actively exploring new mineral blocks across India.
• Government-owned status
• Extensive operational experience in mechanized mining
• Strategic diversification into critical minerals
NMDC Limited’s first quarter of fiscal 2027 delivered revenue of ₹6,795.25 crore and net profit from continuing operations of ₹2,005.84 crore, representing marginal increases of 0.84% and 1.95%, respectively, compared to the same period last year. The steep 40% sequential decline in revenue from the fourth quarter of fiscal 2026 closely tracks the large gap between the fourth and first quarters seen in the previous fiscal year, while a lower tax burden left the bottom line nearly unchanged from the preceding quarter.
Revenue from operations stood at ₹6,795.25 crore in Q1 FY27, up from ₹6,738.86 crore a year ago. Profit before tax grew 1.83% to ₹2,691.09 crore, and profit from continuing operations rose to ₹2,005.84 crore from ₹1,967.52 crore. The year‑on‑year changes were minimal, indicating that the core earnings power of the business remained essentially flat.
Sequentially, revenue fell 40.1% from ₹11,343.13 crore in Q4 FY26. That fourth quarter was an exceptionally high-revenue period: it exceeded the next highest quarter of the preceding fiscal (Q3, at ₹7,610.79 crore) by about 49%, and was roughly 68% higher than the first quarter of that same fiscal. The current quarter’s revenue, although markedly lower, therefore resembles the Q1 level observed in the prior fiscal year rather than signalling a broad deterioration. Profit before tax declined only 6.3% sequentially, and net profit from continuing operations edged down by just 0.6%, as a sharp reduction in tax expense cushioned the bottom line.
Finance costs were ₹21.61 crore in the quarter, down from ₹51.41 crore in Q4 FY26 and modestly lower than the ₹27.15 crore recorded in the year‑ago quarter.
Tax expense totalled ₹685.25 crore in Q1 FY27, a 19.9% sequential decline from ₹855.08 crore and a modest 1.5% increase from ₹675.31 crore a year earlier. The sequential drop was influenced by a swing in deferred tax: a charge of ₹139.82 crore in Q4 FY26 turned into a credit of ₹64.53 crore in the current quarter, while current tax rose 4.8% sequentially to ₹749.78 crore. On a year‑over‑year basis, current tax increased 9.4%.
The effective tax rate (tax expense divided by profit before tax) was 25.5% in Q1 FY27, in line with the 25.6% recorded in Q1 FY26, and down sharply from 29.8% in Q4 FY26, when the deferred tax charge had pushed the rate upward. Consequently, net profit from continuing operations was nearly stable at ₹2,005.84 crore, only ₹11.93 crore lower than the ₹2,017.77 crore reported in the prior quarter, despite the ₹4,548 crore drop in revenue.
Paid‑up equity share capital was ₹879.18 crore, unchanged from the previous three quarters but significantly lower than the ₹1,953.26 crore reported in Q1 FY26. Over the same period, the face value per share increased from ₹0.32 to ₹1, suggesting a share consolidation during the previous fiscal year. Despite the change in the capital structure, basic earnings per share from continuing operations remained comparable at ₹2.25 for the quarter, compared with ₹2.24 a year ago.
NMDC reported a record Q1 FY27, with iron ore production jumping 26% YoY to 151.17 LT and sales rising 2% to 117.30 LT. Average domestic realisation improved 4% to ₹5,548 per tonne, supporting revenue from operations of ₹6,795 crore and PAT of ₹2,007 crore, both up about 2% YoY.
Management expressed confidence in recovering large outstanding receivables from RINL and NMDC Steel, citing government-backed revival plans, lender support and NSL's scaled-up operations; expected credit losses were recognised for time value. Growth is being driven by NMDC-CMDC's Deposit-13 and Deposit-4 projects, with initial mining at Deposit-13 having commenced in July 2026. Key overhangs include the pending Karnataka mineral tax bill and sub-judice regulatory demands.
NMDC’s first‑quarter results show a business that produced earnings almost identical to those of the year‑earlier period. The steep sequential revenue drop was partly offset by a much lower tax expense, leaving net profit virtually unchanged from the prior quarter. The surge in inter‑segment revenue, while notable, did not materially alter the overall earnings picture. The share consolidation appears to have been executed without distorting per‑share profitability.
Core Thesis: Expand operations in mining and mineral processing to meet growing market demands while diversifying into strategic minerals for future industries.
• Operational Expansion: Achieve international standards in per capita productivity, value addition, and cost-effectiveness through expansion of existing mines and operation of new mines. • Mineral Exploration: Exploration and exploitation of iron ore and other strategic and critical minerals. • Sustainability and Social Development: Emphasizes environmental protection, conservation of mineral resources, and improving the quality of life in and around mining areas.