# NMDC (NMDC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/nmdc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹80.75
- Change: -0.06%
- As of: 2026-09-18
- 1D return: -2.04%
- 5D return: -6.44%
- 1M return: -5.72%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, NMDC's technical stance is characterized by a short-term bearish trend on the daily timeframe, contrasting with a bullish trend on the weekly timeframe and a bearish trend on the monthly timeframe. Daily indicators show the price below key moving averages like the 20-day EMA (₹83.38) and 50-day EMA (₹84.55), with a bearish Supertrend at ₹86.24. This is reinforced by recent daily chart patterns, including a Bearish Engulfing Reversal and an Outside Bar, suggesting potential downward pressure. However, the weekly timeframe shows the price above its Supertrend (₹75.93), indicating some underlying strength. The monthly trend is bearish, with the price below its monthly Supertrend at ₹100.49. The stock is currently trading near its nearest resistance level of ₹79.4, which is approximately 0.32% above the current price of ₹79.15. The nearest significant support is located at ₹74.55, about 5.81% below the current price. The stock's current drawdown is -18%, with annualized volatility at 31%.

- Daily trend is bearish, with price below 20-day EMA (₹83.38) and 50-day EMA (₹84.55).
- Weekly trend is bullish, with price above Supertrend (₹75.93).
- Monthly trend is bearish, with price below Supertrend (₹100.49).
- Nearest resistance is at ₹79.4 (0.32% above current price).
- Nearest support is at ₹74.55 (5.81% below current price).

- Bearish Engulfing Reversal
- Outside Bar
- Harami
- Inside Bar

### News Context

NMDC's Panna diamond mine has yielded a significant 27.29-carat gem-quality diamond, marking the second-largest discovery in the mine's history. This find, reported on September 17, 2026, follows a 13.16-carat diamond recovered in July. NMDC operates India's sole mechanized diamond mine in Panna, Madhya Pradesh, and is also the country's largest iron ore producer. In a separate development, NMDC announced a dividend of Re 1 per share, resulting in an annual yield of 3.8%. This compares to a dividend of ₹2.35 per share from SAIL, yielding 1.32%.

- NMDC recovered a 27.29-carat gem-quality diamond from its Panna mine on September 17, 2026, the second-largest find to date at the site.
- The Panna mine is India's only mechanized diamond mine, located in Madhya Pradesh.
- NMDC announced a dividend of Re 1 per share, yielding 3.8% annually, as of September 18, 2026.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- NMDC's Panna mine unearths 27.29-carat diamond, second-largest discovery so far
- NMDC recovers 27.29-carat diamond at Panna site, its second-largest yet
- Silver market heads for sixth straight deficit as stocks deplete; CLSA flags supply squeeze
- NMDC recovers a 27.29-carat diamond from Panna mining project

### What Changed

NMDC's Panna mine recently yielded a significant gem-quality diamond weighing 27.29 carats, marking the second-largest discovery to date for the company. This development follows an earlier announcement regarding a dividend payout of Re 1 per share, which provides an annual yield of 3.8%. This dividend yield is higher than that of Maharatna SAIL, which declared a dividend of ₹2.35 per share, yielding 1.32%. As of September 18, 2026, NMDC's stock price was ₹79.15, a decrease from its previous price of ₹80.8.

- On September 18, 2026, NMDC's stock closed at ₹79.15, down from ₹80.8.
- NMDC announced a dividend of Re 1 per share, offering an annual yield of 3.8% as of the report date.
- NMDC's Panna mine unearthed a 27.29-carat gem-quality diamond, its second-largest discovery.
- Maharatna SAIL declared a dividend of ₹2.35 per share, yielding 1.32%.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- NMDC's Panna mine unearths 27.29-carat diamond, second-largest discovery so far

### Official Filings

NMDC Limited has made several disclosures regarding corporate actions and operational updates. On September 8, 2026, the company announced a change in its statutory auditors, with M/s. M C Bhandari & Co. appointed by the Comptroller & Auditor General of India. This appointment covers consolidated and standalone accounts, as well as specific units and projects, with various branch auditors also designated. Earlier, on September 2, 2026, NMDC reported the incorporation of NMDC Global IFSC Limited as a wholly owned subsidiary in GIFT City, Gujarat, a move previously announced on March 13, 2026, and requiring concurrence from the Ministry of Steel and DIPAM. In operational news, the company released provisional iron ore production and sales data for August 2026 on September 1, 2026. Monthly production stood at 4.07 million tonnes and sales at 3.37 million tonnes, bringing year-to-date figures to 23.23 million tonnes produced and 18.45 million tonnes sold. Chhattisgarh accounted for 2.64 million tonnes of the monthly production, while Karnataka contributed 1.43 million tonnes. Additionally, NMDC announced a special one-year window, from February 5, 2026, to February 4, 2027, for the transfer and dematerialization of physical securities, as per SEBI guidelines.

- M/s. M C Bhandari & Co. appointed as statutory auditor effective September 8, 2026.
- NMDC Global IFSC Limited incorporated as a wholly owned subsidiary on September 2, 2026.
- August 2026 provisional iron ore production: 4.07 million tonnes; sales: 3.37 million tonnes.
- Special window for physical securities transfer and dematerialization opened from February 5, 2026, to February 4, 2027.

- NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Newspaper publication Notice to Shareholders regarding special window for transfer and dematerialization (Demat) of physical securities. |SUBJECT: General Updates
- NMDC Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- 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
- AS ON DATE : 06-SEP-26
- NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- NMDC Limited has informed the Exchange regarding Cessation of Mr Ashish Chatterjee as Government Director of the company w.e.f. August 24, 2026. |SUBJECT: Cessation

### Fundamentals

NMDC's reported results show fluctuations in revenue and profitability across recent quarters. Revenue from operations stood at ₹6,795.25 crore in Q1 FY2026-27, a decrease from ₹11,343.13 crore in Q4 FY2025-26, but higher than ₹7,610.79 crore in Q3 FY2025-26. Profit Before Tax (PBT) followed a similar trend, with ₹2,691.09 crore in Q1 FY2026-27, down from ₹2,872.85 crore in Q4 FY2025-26 but up from ₹2,374.84 crore in Q3 FY2025-26. Net profit, represented by Profit Loss For Period, was ₹1,976.33 crore in Q1 FY2026-27, showing a slight decrease from ₹2,027.23 crore in the preceding quarter (Q4 FY2025-26) and a modest increase from ₹1,756.59 crore in Q3 FY2025-26. Comprehensive income for the period also mirrored this pattern. The company's operating performance appears sensitive to sequential revenue changes, with profitability metrics showing a corresponding, though not always proportional, movement.

- Revenue From Operations for Q1 FY2026-27 was ₹6,795.25 crore.
- Profit Before Tax for Q1 FY2026-27 was ₹2,691.09 crore.
- Profit Loss For Period in Q1 FY2026-27 was ₹1,976.33 crore.
- Comprehensive Income For The Period in Q1 FY2026-27 was ₹1,981.81 crore.
- Q1 FY2026-27 Revenue of ₹6,795.25 crore decreased from Q4 FY2025-26's ₹11,343.13 crore.

### Bull Case

NMDC has reported the recovery of a significant 27.29-carat gem-quality diamond from its Panna mine. This discovery is noted as the second-largest diamond found at the Panna site to date. The company also announced a dividend of Re 1 per share, which translates to an annual yield of 3.8%. Technically, the weekly trend indicator shows a bullish signal, while the daily and monthly trends are currently bearish.

- NMDC recovered a 27.29-carat diamond, its second-largest find at the Panna mine.
- The company announced a dividend of Re 1 per share, yielding 3.8% annually.
- The weekly technical trend is currently bullish.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- NMDC's Panna mine unearths 27.29-carat diamond, second-largest discovery so far
- NMDC recovers 27.29-carat diamond at Panna site, its second-largest yet
- Silver market heads for sixth straight deficit as stocks deplete; CLSA flags supply squeeze
- NMDC recovers a 27.29-carat diamond from Panna mining project

### Bear Case

The company's technical indicators suggest a cautious outlook. The daily trend analysis shows the closing price of ₹79.15 is below both the 20-day Exponential Moving Average (EMA) of ₹83.38 and the 50-day EMA of ₹84.55. Furthermore, the Super Trend indicator is in a bearish direction at ₹86.24. On a monthly basis, the trend remains bearish, with the Super Trend at ₹100.49 and the closing price below key moving averages. Recent returns also indicate a downward trend, with a 3-month return of -0.11 and a year-to-date return of -0.05. The annualized volatility stands at 0.31, and the current drawdown is -0.18.

- The daily closing price of ₹79.15 is below the 20-day EMA of ₹83.38 and the 50-day EMA of ₹84.55.
- The daily Super Trend indicator is bearish at ₹86.24.
- The monthly Super Trend indicator is bearish at ₹100.49.
- The 3-month return is -0.11 and the year-to-date return is -0.05.
- The current drawdown is -0.18 with an annualized volatility of 0.31.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- NMDC's Panna mine unearths 27.29-carat diamond, second-largest discovery so far
- NMDC recovers 27.29-carat diamond at Panna site, its second-largest yet
- Silver market heads for sixth straight deficit as stocks deplete; CLSA flags supply squeeze
- NMDC recovers a 27.29-carat diamond from Panna mining project

### FAQs

**What recent developments have occurred at NMDC's Panna diamond mine?**

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.

**How does NMDC's recent dividend announcement compare to SAIL's?**

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%.

**What is the current technical trend for NMDC based on recent data?**

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.

**What auditor changes has NMDC reported?**

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.

- Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date
- NMDC's Panna mine unearths 27.29-carat diamond, second-largest discovery so far
- NMDC recovers 27.29-carat diamond at Panna site, its second-largest yet
- Silver market heads for sixth straight deficit as stocks deplete; CLSA flags supply squeeze
- NMDC recovers a 27.29-carat diamond from Panna mining project
- NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Newspaper publication Notice to Shareholders regarding special window for transfer and dematerialization (Demat) of physical securities. |SUBJECT: General Updates
- NMDC Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- NMDC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹80.85
- Risk regime: Price Risk Requires Attention

### Support levels
- 74.55
- 64.3
- 63.3125

### Resistance levels
- 81.298125
- 83.29585937499999
- 86.47819091796876

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -2.04% |
| return_10 | -5.99% |
| return_1m | -5.99% |
| return_1y | +3.15% |
| return_20 | -5.72% |
| return_3m | -10.60% |
| return_5 | -6.44% |
| return_6m | -0.43% |
| return_since_start | +19.96% |
| return_ytd | -5.39% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -17.59% |
| annualized_volatility | +30.51% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Year-over-Year Earnings Hold Steady; Sequential Revenue Drop Mirrors Prior Fiscal’s Q1 Slump

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 and Profitability

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 and Profit Composition

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.

## Inter-Segment Revenue

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.

## Share Capital and Earnings Per Share

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.

## Management Commentary

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_18092026215542_NMDCSE18092026.pdf)
- 2026-09-09 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_09092026074636_NMDC_ironoreprices09092026.pdf)
- 2026-09-08 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_08092026140743_SEA202627043_Special_window-signed.pdf)
- 2026-09-08 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_08092026204016_NMDCSEchangeinAuditors.pdf)
- 2026-09-07 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_07092026171022_NMDCSENewspaper07092026.pdf)
- 2026-09-07 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_07092026174024_NMDCSENewspaper07092026.pdf)
- 2026-09-06 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2729_WebXMLFile_20260906_231643129.xml)
- 2026-09-05 — Annual Report: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31654_NMDC_2025_2026_A_16540268_06092026230632.pdf)
- 2026-09-02 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_02092026234012_NMDCGiftsubsidiary02092026.pdf)
- 2026-09-01 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_01092026190428_NMDCProdnSalesAug2026.pdf)
- 2026-08-27 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_27082026182009_NMDCSEA_Cessation_of_Shri_Ashish_Chatterjee.pdf)
- 2026-08-27 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2729_WebXMLFile_20260827_183449008.xml)
- 2026-08-25 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_25082026180047_Newspaperpublication_convening68th_AGM.pdf)
- 2026-08-24 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_24082026131904_NMDC68thAGMandRecorddate1.pdf)
- 2026-08-24 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_24082026131158_NMDC68thAGMandRecorddate1.pdf)
- 2026-08-14 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_14082026192004_NMDCSEInvestorPPT30062026.pdf)
- 2026-08-14 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_14082026183152_NMDCSE14082026-1.pdf)
- 2026-08-08 — Generic Announcement: NMDC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_08082026090151_NMDCSEironoreprices_080820261.pdf)
- 2026-08-01 — Generic Announcement: NMDC Limited reported provisional iron ore production and sales figures for July 2026 and the cumulative period up to July 2026 for FY 2026-27. Total monthly production was 4.06 million tonnes and sales were 3.09 million tonnes. Cumulative production reached 19.16 million tonnes, with cumulative sales of 15.09 million tonnes. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_01082026184751_SEA202627027_ProductionSalesJuly2026.pdf)
- 2026-07-30 — Generic Announcement: Shri Pravin Shekhar resigned as Company Secretary and Compliance Officer of NMDC Limited effective July 30, 2026, due to organizational changes and a new posting in the Finance Department. The Board of Directors approved the appointment of Shri Aniket Kulshreshtha as the new Company Secretary and Compliance Officer, effective immediately on July 30, 2026. Shri Kulshreshtha has over 17 years of experience and joined NMDC in April 2023. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_30072026223041_NMDC_CSannoucement_30072026.pdf)
- 2026-07-18 — Official Filing: Shri Vivek Nishant Nath assumed charge as Director (Commercial) of NMDC Limited on July 19, 2026. Mr. Nath, an industry professional with over three decades of experience, began his career with NMDC in 1992. His appointment is effective from July 15, 2026, and his term of appointment is 5 months.
- 2026-07-18 — Generic Announcement: Shri Vivek Nishant Nath has been appointed as Director (Commercial) of NMDC Limited for a five-year term starting July 15, 2026, following an order from the Ministry of Steel dated July 14, 2026. He is not related to any other directors and is not debarred from holding such an office. Shri Nath has over three decades of experience in the mining and metals industry, including previous roles at NMDC and Odisha Mining Corporation Limited. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_18072026211756_20260718_SEA202627025-01.pdf)
- 2026-07-15 — Management Change: NMDC Limited received an order from the Ministry of Steel, Government of India, appointing Shri Vivek Nishant Nath as Director (Commercial) for a term of five years from his assumption of charge. This appointment is effective from July 14, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_15072026132714_20260715_SEA202627024.pdf)
- 2026-07-10 — Generic Announcement: NMDC Limited has fixed the prices for Iron Ore effective July 10, 2026. Baila Lump (65.5%, 10-40 mm) will be priced at ₹5,450 per Ton, and Baila Fines (64%, -10 mm) will be priced at ₹4,700 per Ton. These FOR prices exclude various taxes and fees, including Royalty, GST, and others. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_10072026171535_SEA202627023_Prices_of_iron_ore.pdf)
- 2026-07-10 — Generic Announcement: NMDC Limited has fixed the prices for Iron Ore effective July 10, 2026. Baila Lump (65.5%, 10-40 mm) will be priced at ₹5,450 per Ton, and Baila Fines (64%, -10 mm) will be priced at ₹4,700 per Ton. These FOR prices exclude various taxes and fees, including Royalty, GST, and others. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDC_10072026170119_SEA202627023_Prices_of_iron_ore.pdf)

## News and market events

- 2026-09-18 — Economic Times: **NMDC sets Net Zero target for operational emissions by 2047** — 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. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nmdc-sets-net-zero-target-for-operational-emissions-by-2047/articleshow/134338474.cms)
- 2026-09-18 — Mint: **Dividend comparison: Maharatna SAIL vs Navratna NMDC - Yield, PSU stocks performance ahead of record date** — 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 — [Source](https://www.livemint.com/market/stock-market-news/dividend-comparison-maharatna-sail-vs-navratna-nmdc-yield-psu-stocks-performance-ahead-of-record-date-11789714024443.html)
- 2026-09-17 — BUSINESSTODAY: **NMDC's Panna mine unearths 27.29-carat diamond, second-largest discovery so far** — NMDC diamond, NMDC Panna diamond, 27.29 carat diamond, Panna diamond, Panna diamond mine, NMDC diamond mining, gem quality diamond, 27.29 carat gem quality diamond, NMDC latest news, NMDC diamond discovery, Panna diamond discovery, Madhya Pradesh diamond, diamond mining in India, NMDC Panna project, Diamond Mining Project Panna, DMP Panna — [Source](https://www.businesstoday.in/india/story/nmdcs-panna-mine-unearths-27-29-carat-diamond-second-largest-discovery-so-far-556266-2026-09-18)
- 2026-09-17 — Economic Times: **NMDC recovers 27.29-carat diamond at Panna site, its second-largest yet** — 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. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nmdc-recovers-27-29-carat-diamond-at-panna-site-its-second-largest-yet/articleshow/134303926.cms)
- 2026-09-17 — MONEYCONTROL: **Silver market heads for sixth straight deficit as stocks deplete; CLSA flags supply squeeze** — silver, market, CLSA, stock, vedanta, hindustan zinc — [Source](https://www.moneycontrol.com/news/business/markets/silver-market-heads-for-sixth-straight-deficit-as-stocks-deplete-clsa-flags-supply-squeeze-14031899.html)
- 2026-09-17 — The Hindu: **NMDC recovers a 27.29-carat diamond from Panna mining project** — NMDC has recovered a 27.29-carat diamond from its Panna project, marking a significant milestone in India's diamond mining. — [Source](https://www.thehindu.com/news/national/nmdc-recovers-a-2729-carat-diamond-from-panna-mining-project/article71473145.ece)
- 2026-09-17 — Times of India: **NMDC discovers 27.29-carat diamond at Panna mine, its 2nd largest yet** — 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. — [Source](https://timesofindia.indiatimes.com/city/hyderabad/nmdc-discovers-27-29-carat-diamond-at-panna-mine-its-2nd-largest-yet/articleshow/134291199.cms)
- 2026-09-16 — Economic Times: **NMDC recovers 27.29 carat gem diamond from Panna** — 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. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nmdc-recovers-27-29-carat-gem-diamond-from-panna/articleshow/134292798.cms)
- 2026-09-16 — FREEPRESSJOURNAL.IN: **MP's Panna Shines Again! 27.29-Carat Diamond Worth Around ₹2 Crore Found At NMDC Mine** — A 27.29-carat diamond was found at NMDC Limited’s diamond mine in Majhgawan, Panna, Madhya Pradesh, on September 15, 2026. The diamond is estimated to be worth around Rs 2 crore. Panna is known for its diamond mines and recently received a GI tag for its diamonds. The stone will undergo quality checks before its final value is decided. — [Source](https://www.freepressjournal.in/bhopal/mps-panna-shines-again-2729-carat-diamond-worth-around-rs-2-crore-found-at-nmdc-mine)
- 2026-09-14 — Mint: **Western Australia steps up India push with critical minerals, trade in focus | Today News** — Premier Roger Cook’s trade mission will seek deeper ties in critical minerals, energy transition, aviation, education and tourism, as the Australian state looks to expand business opportunities in India. — [Source](https://www.livemint.com/news/india/western-australia-steps-up-india-push-with-critical-minerals-trade-in-focus-11789382067585.html)
- 2026-09-11 — CNBC-TV18: **Sensex ends in red, Nifty Bank rebounds over 900 points: 6 reasons behind today’s move** — The Sensex slipped 121 points to 74,782, while the Nifty fell 80 points to 23,398. The Nifty Bank ended 135 points higher at 56,607, while the Nifty Midcap index declined 160 points to 62,197. — [Source](https://www.cnbctv18.com/market/sensex-ends-in-red-nifty-bank-rebounds-over-900-points-6-reasons-behind-todays-move-19989425.htm)
- 2026-09-10 — BUSINESS: **Nifty above 23,400 level; metal shares under pressure** — At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 9.12 points or 0.02% to 74,762.18. The Nifty 50 index rose 4.60 points or 0.02% to 23,437.45. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-above-23-400-level-metal-shares-under-pressure-126091000336_1.html)
- 2026-09-09 — DECCANCHRONICLE.COM: **Steel Exchange India, NMDC Ink Four-Year Pact For Iron Ore Supply** — Steel Exchange India has signed a four-year pact with NMDC to secure consistent-grade iron ore for its Vizianagaram plant and support capacity expansion. — [Source](https://www.deccanchronicle.com/southern-states/andhra-pradesh/steel-exchange-india-nmdc-ink-four-year-pact-for-iron-ore-supply-1986180)
- 2026-09-08 — The Hindu: **NMDC signs wage settlement for workmen** — NMDC signs tripartite wage settlement for non-executive employees, enhancing pay and benefits effective January 1, 2022. — [Source](https://www.thehindu.com/business/nmdc-signs-wage-settlement-for-workmen/article71443102.ece)
- 2026-09-06 — MONEYCONTROL: **NMDC to start commercial coal production next quarter; eyes 1 MT dry fuel sale in FY27: Chairman** — nmdc, nmdc coal production, commercial coal mining — [Source](https://www.moneycontrol.com/news/business/companies/nmdc-to-start-commercial-coal-production-next-quarter-eyes-1-mt-dry-fuel-sale-in-fy27-chairman-14023587.html)
- 2026-09-03 — BUSINESSTODAY: **Top stocks in news: Meesho, Power Grid, Lumino, Hexaware Tech, HUDCO, Ola Electric, RBL Bank, NMDC** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Meesho, Power Grid, Lumino Industries, Hexaware Technologies, HUDCO, Ola Electric, RBL Bank, NMDC, Page Industries, Power Grid Corporation of India, ICICI Prudential Life Insurance Company, Housing & Urban Development Corporation, Ola Electric Mobility, Persistent Systems, Heidelberg Cement — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-meesho-power-grid-lumino-hexaware-tech-hudco-ola-electric-rbl-bank-nmdc-552997-2026-09-03)
- 2026-09-02 — BUSINESS: **Stock Alert: Hero MotoCorp, NMDC, Gland Pharma, Wipro** — Shares of LIC Housing Finance and SAIL are banned from F&O trading on 2 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-hero-motocorp-nmdc-gland-pharma-wipro-126090200142_1.html)
- 2026-09-02 — BUSINESSTODAY: **Top stocks in news: Wipro, Hero Moto, NMDC, Welspun Corp, Adani Green, Annu Projects, Gland Pharma** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Wipro, Hero MotoCorp, NMDC, Welspun Corp, Adani Green Energy, Annu Projects, Gland Pharma, L&T Finance, Texmaco Rail & Engineering, Ashiana Housing, Ujjivan Small Finance Bank, ARSS Infrastructure Projects, Sical Logistics — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-wipro-hero-moto-nmdc-welspun-corp-adani-green-annu-projects-gland-pharma-552700-2026-09-02)
- 2026-09-02 — Mint: **Stocks to watch today: Reason why these shares are in focus for Wednesday's trading session | Full list** — Stock market today: Benchmark indices Sensex and Nifty closed marginally lower on Tuesday amid concerns over elevated crude oil prices and renewed tensions between the US and Iran, which weighed on investor sentiment. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-today-reason-why-these-shares-are-in-focus-for-wednesdays-trading-session-full-list-11788311231011.html)
- 2026-09-01 — CNBC-TV18: **Stocks to Watch for September 2: Reliance Industries, Adani Green, NMDC and more** — From Reliance Industries to Ujjivan Small Finance Bank, here are the key stocks to track ahead of Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-2-reliance-industries-adani-green-nmdc-and-more-19981541.htm)
- 2026-08-27 — CNBC-TV18: **Imagicaaworld Entertainment, NMDC Steel surge on high trading volumes** — Imagicaaworld Entertainment runs a theme park featuring a snow park and water park, offering entertainment facilities located between Mumbai and Pune, while NMDC Steel Limited operates solely in the manufacturing of iron and steel products and was demerged from parent NMDC Limited as an independent entity. — [Source](https://www.cnbctv18.com/market/nmdc-steel-imagicaaworld-entertainment-shares-surge-trading-volume-share-price-one-year-high-19978264.htm)
- 2026-08-27 — BUSINESS: **Market trade lower; metal shares lacklustre** — Metal stocks retreated after advancing in the previous session — [Source](https://www.business-standard.com/markets/capital-market-news/market-trade-lower-metal-shares-lacklustre-126082700655_1.html)
- 2026-08-26 — CNBC-TV18: **Sensex, Nifty finish lower despite gains in financials and metal stocks** — Indian equities ended lower on Wednesday, with the Nifty failing to hold 24,300 despite gains in banks and metal stocks. Kotak Mahindra Bank led the gainers, while IT stocks, Avenue Supermarts and select midcaps came under pressure. — [Source](https://www.cnbctv18.com/market/sensex-nifty-finish-lower-despite-gains-in-financials-and-metal-stocks-19977590.htm)
- 2026-08-25 — CNBC-TV18: **Hindustan Copper OFS looks overpriced, avoid it: GoIndiastocks' Rakesh Arora** — Rakesh Arora of GoIndiastocks.com says the Hindustan Copper stake sale is priced too high and expects aluminium and iron ore prices to fall over the next six months. He turned neutral on steel due to a margin squeeze from rising coking coal costs, but flagged iron ore pellet makers as a bright spot. — [Source](https://www.cnbctv18.com/market/stocks/hindustan-copper-ofs-overpriced-avoid-it-rakesh-arora-aluminium-alumina-steel-iron-ore-19976381.htm)
- 2026-08-25 — Mint: **Stocks to buy for short term: PNB, NMDC among 6 stocks experts recommend buying today for next 1-2 weeks** — Stocks to buy for the short term: Experts recommend six stocks poised for short-term gains. From NMDC's bullish reversal to V-Mart's strong momentum, learn which equities could offer significant upside in the coming weeks. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-pnb-nmdc-among-6-stocks-experts-recommend-buying-today-for-next-1-2-weeks-11787625693037.html)

## Business profile

**Strategic vision:** Mines and produces iron ore and diversifies into critical minerals.

### Business segments
- **Iron Ore Mining:** Operates three fully mechanized iron ore mines and is a predominant supplier in the Indian iron ore market.
- **Critical and Rare Earth Minerals:** Diversifying into critical and rare earth minerals, actively exploring new mineral blocks across India.

### Competitive strengths
- Government-owned status
- Extensive operational experience in mechanized mining
- Strategic diversification into critical minerals

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/nmdc
Markdown representation: https://faxioms.com/stocks/nmdc?render=md