# NSLNISP (NSLNISP) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹42.47
- Change: +1.99%
- As of: 2026-09-18
- 1D return: +2.31%
- 5D return: -2.87%
- 1M return: +7.79%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹42.6, below its 20-day and 50-day moving averages on the daily timeframe, suggesting short-term weakness. The daily trend is currently indicated as bearish by the Supertrend indicator. While the monthly timeframe shows the price above its 20-day and 20-day Simple Moving Averages, the monthly Supertrend is also bearish. The weekly timeframe shows the price below its 20-day Exponential Moving Average and 20-day Simple Moving Average, with a bearish Supertrend direction. This mixed picture across timeframes indicates a lack of strong alignment, with short-term indicators suggesting caution. The nearest resistance is observed at ₹42.94, approximately 0.81% above the current price, followed by ₹43.99. Support is found at ₹42.43, about 0.41% below the current price, and further down at ₹42.03.

The stock has experienced a current drawdown of -0.19% and a maximum drawdown of -0.3%. Annualized volatility stands at 42%, and the Average True Range (ATR) as a percentage of the price is 3.85%. These figures highlight the stock's inherent price fluctuation. An active Inside Bar pattern was noted on the monthly timeframe as of September 18, 2026.

Key watch conditions include monitoring the price action relative to the nearest resistance at ₹42.94 and support at ₹42.43. A sustained move above ₹42.94 could signal a potential shift, while a break below ₹42.43 might indicate further downside. Observing the Supertrend indicator's direction across daily, weekly, and monthly timeframes will be crucial for understanding the prevailing trend.

- Current price as of September 18, 2026: ₹42.6.
- Nearest resistance level: ₹42.94 (approx. 0.81% above current price).
- Nearest support level: ₹42.43 (approx. 0.41% below current price).
- Daily and weekly timeframes show price below key moving averages and a bearish Supertrend.
- Monthly timeframe shows an active Inside Bar pattern as of September 18, 2026.

- Inside Bar
- Bullish Engulfing Reversal
- Bearish Engulfing Reversal
- Hammer

### News Context

NMDC Steel Limited has announced its 11th Annual General Meeting (AGM) will be held on September 28, 2026, in Hyderabad. The meeting's agenda includes the adoption of audited financial statements for the fiscal year ending March 31, 2026, the re-appointment of directors Vinay Kumar and Joydeep Dasgupta, and the appointment of Krishna Kumar Thakur, Anurag Kapil, and Vivek Nishant Nath as Directors. Shareholders will also vote on authorizing statutory auditor remuneration for the 2026-27 fiscal year and ratifying the cost auditor fees of M/s. B Mukhopadhyay & Co., which amount to ₹137,500.

In related news, the company addressed a recent increase in trading volume with the NSE on August 28, 2026. NMDC Steel attributed this surge to the public disclosure of its Q1 FY2026 financial results on August 14, 2026, which showed a profit after tax of ₹50.51 Crore, and a subsequent credit rating upgrade by Crisil Ratings from 'Crisil BBB+/ Stable' to 'Crisil A / Stable'. The company confirmed that all material information was disclosed within the prescribed timelines.

- NMDC Steel Limited will hold its 11th AGM on September 28, 2026, to approve financial statements and appoint directors.
- Shareholders will vote on auditor remuneration and cost auditor fees, with M/s. B Mukhopadhyay & Co.'s fees set at ₹137,500.
- The company explained a recent volume spurt to the NSE on August 28, 2026, citing Q1 FY2026 results and a credit rating upgrade.
- Q1 FY2026 results reported a profit after tax of ₹50.51 Crore.
- Crisil Ratings upgraded NMDC Steel's rating from 'Crisil BBB+/ Stable' to 'Crisil A / Stable'.

- NMDC Steel Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- NMDC STEEL 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
- Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. NMDC Steel Limited has submitted their response. |SUBJECT: Spurt in Volume
- Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume

### What Changed

NMDC Steel (NSLNISP) on the NSE experienced a price increase to ₹42.60 as of September 18, 2026, up from ₹41.64 in the preceding period. No new filings or news were reported for the company as of the report date. The company profile remains unchanged, with its common name being NMDC Steel and listed on the NSE.

- On September 18, 2026, the stock price for NMDC Steel was ₹42.60.
- The previous stock price recorded was ₹41.64.
- No new filings or news were reported for NMDC Steel as of September 18, 2026.

### Official Filings

NMDC Steel Limited has announced its 11th Annual General Meeting (AGM) will be held on September 28, 2026. The meeting agenda includes the adoption of audited financial statements for the year ended March 31, 2026, and key appointments. Shareholders will vote on the re-appointment of directors Vinay Kumar and Joydeep Dasgupta, and the appointment of Krishna Kumar Thakur, Anurag Kapil, and Vivek Nishant Nath as Directors for Personnel, Finance, and Commercial functions, respectively. The meeting will also seek authorization for the company's statutory auditor remuneration for the fiscal year 2026-27 and ratify the cost auditor fees. Separately, on August 21, 2026, Crisil Ratings upgraded NMDC Steel Ltd.'s long-term credit rating for its ₹4,500 crore bank facilities from 'Crisil BBB+/Stable' to 'Crisil A/Stable'. This upgrade followed the company's Q1 FY2026 financial results, which reported a profit after tax of ₹50.51 Crore. The company also confirmed to the exchange that all material information, including these developments, had been disclosed within regulatory timelines.

- 11th Annual General Meeting scheduled for September 28, 2026, to approve financial statements and director appointments.
- Shareholders to vote on re-appointment of directors Vinay Kumar and Joydeep Dasgupta.
- Appointment of Krishna Kumar Thakur, Anurag Kapil, and Vivek Nishant Nath as Directors proposed.
- Authorization for statutory auditor remuneration for FY2026-27 and ratification of cost auditor fees on the agenda.
- Credit rating upgraded by Crisil Ratings on August 20, 2026, for ₹4,500 crore bank facilities from 'Crisil BBB+/Stable' to 'Crisil A/Stable'.

- NMDC Steel Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- NMDC STEEL 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
- Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. NMDC Steel Limited has submitted their response. |SUBJECT: Spurt in Volume
- Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume
- NMDC Steel 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
- NMDC STEEL LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- NMDC Steel Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- NMDC Steel Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- NMDC Steel Limited has informed the Exchange about Credit Rating- Revision |SUBJECT: Credit Rating- Revision

### Fundamentals

NMDC Steel reported a mixed operating performance across the three quarters ending Q1 FY2026-27. Revenue from operations showed an increase from ₹3,007.69 crore in Q3 FY2025-26 to ₹3,879 crore in Q4 FY2025-26, before declining to ₹3,661.84 crore in Q1 FY2026-27. The company transitioned from a loss before tax of -₹263.81 crore in Q3 FY2025-26 to a profit of ₹486.10 crore in Q4 FY2025-26, and then ₹73.95 crore in Q1 FY2026-27. Similarly, net profit for the period moved from a loss of -₹243.97 crore in Q3 FY2025-26 to a profit of ₹391.91 crore in Q4 FY2025-26, followed by ₹50.51 crore in Q1 FY2026-27. Finance costs fluctuated, standing at ₹128.11 crore in Q3 FY2025-26, decreasing to ₹96.42 crore in Q4 FY2025-26, and then rising to ₹126.38 crore in Q1 FY2026-27. Tax expenses also varied, with a credit of -₹19.84 crore in Q3 FY2025-26, followed by an expense of ₹94.19 crore in Q4 FY2025-26 and ₹23.44 crore in Q1 FY2026-27. The company's ability to translate revenue into profit appears inconsistent, with expenses sometimes exceeding revenue, as seen in Q3 FY2025-26 and Q1 FY2026-27 where expenses were ₹3,290.23 crore and ₹3,630.78 crore respectively against revenues of ₹3,007.69 crore and ₹3,661.84 crore.

Key areas to monitor include the sustainability of revenue generation, the management of operating expenses relative to revenue, and the trend in finance costs. The fluctuating profitability suggests that operational efficiency and cost control will be critical factors for the company's financial performance going forward.

- Revenue from operations was ₹3,007.69 crore in Q3 FY2025-26, ₹3,879 crore in Q4 FY2025-26, and ₹3,661.84 crore in Q1 FY2026-27.
- Profit Loss For Period was -₹243.97 crore in Q3 FY2025-26, ₹391.91 crore in Q4 FY2025-26, and ₹50.51 crore in Q1 FY2026-27.
- Expenses exceeded Revenue From Operations in Q3 FY2025-26 (₹3,290.23 crore vs ₹3,007.69 crore) and Q1 FY2026-27 (₹3,630.78 crore vs ₹3,661.84 crore).
- Finance Costs were ₹128.11 crore in Q3 FY2025-26, ₹96.42 crore in Q4 FY2025-26, and ₹126.38 crore in Q1 FY2026-27.
- Tax Expense was -₹19.84 crore in Q3 FY2025-26, ₹94.19 crore in Q4 FY2025-26, and ₹23.44 crore in Q1 FY2026-27.

### Bull Case

NMDC Steel (NSLNISP) on the NSE is currently trading at ₹42.6 as of September 18, 2026. While several technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes, including a bearish Supertrend direction and negative EMA/SMA slopes on longer timeframes, there are some short-term positive signals. The daily chart shows a slight upward slope in the 5-day Simple Moving Average (SMA) of 20 periods (0.2), and the 5-day Exponential Moving Average (EMA) of 20 periods is close to the current price. Additionally, the 1-day return was positive at 2%. The stock is trading near a support level at ₹42.43, which is 0.41% below the current price.

- The stock closed at ₹42.6 on September 18, 2026.
- The 1-day return was 0.02.
- A support level is identified at ₹42.43, which is 0.41% below the current trading price.

### Bear Case

The company's stock is currently trading below key moving averages, with the 20-day Exponential Moving Average (EMA) at ₹43.43 and the 50-day Simple Moving Average (SMA) at ₹43.27, while the closing price is ₹42.6. Technical indicators suggest a bearish trend across multiple timeframes, including daily, weekly, and monthly Supertrend indicators. The daily Supertrend is at ₹46.2, indicating a bearish direction. Similarly, the monthly Supertrend is at ₹58.09 and the weekly Supertrend is at ₹50.74, both also indicating a bearish direction. The stock has experienced a drawdown of -19% from its recent peak, with a maximum drawdown of -30% observed. Over the past year, the stock has returned -6%, and year-to-date, it has returned -3%.

- The daily Supertrend indicator is bearish, with a value of ₹46.2 as of 2026-09-18.
- The monthly Supertrend indicator is bearish, with a value of ₹58.09.
- The weekly Supertrend indicator is bearish, with a value of ₹50.74.
- The stock has experienced a current drawdown of -19% and a maximum drawdown of -30%.
- The stock has a 1-year return of -6% and a year-to-date return of -3% as of 2026-09-18.

### FAQs

**What was the company's financial performance in Q1 FY2026, and how did it relate to recent trading volume?**

NMDC Steel Limited reported a profit after tax of ₹50.51 Crore for Q1 FY2026. This result, publicly disclosed on August 14, 2026, was cited by the company as a reason for a significant increase in trading volume observed in late August 2026, in response to an inquiry from the NSE.

**What is the company's current technical trend and key price levels?**

As of September 18, 2026, the daily trend for NMDC Steel Limited shows a bearish SuperTrend direction with a value of 46.2. The closing price was ₹42.6. Key technical levels include immediate resistance at ₹42.94 (0.81% above current price) and support at ₹42.43 (-0.41% below current price).

**What are the key agenda items for the upcoming Annual General Meeting (AGM)?**

NMDC Steel Limited's 11th AGM is scheduled for September 28, 2026. Key agenda items include the adoption of audited financial statements for the year ended March 31, 2026, the re-appointment of directors Vinay Kumar and Joydeep Dasgupta, and the appointment of Krishna Kumar Thakur, Anurag Kapil, and Vivek Nishant Nath as Directors. Shareholders will also vote on authorizing statutory auditor remuneration for 2026-27 and ratifying the cost auditor fees.

**What has been the company's stock performance over different periods?**

As of September 18, 2026, NMDC Steel Limited's stock has shown varied returns. It experienced a 2% return in the last day and a 5% return in the last month. Over longer periods, it saw a -6% return in the last year and a -3% return year-to-date. The return since the start of trading was -2%.

- NMDC Steel Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- NMDC STEEL 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
- Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. NMDC Steel Limited has submitted their response. |SUBJECT: Spurt in Volume
- Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹41.52
- Risk regime: Price Risk Requires Attention

### Support levels
- 39.7
- 39.2
- 38.10124999999999

### Resistance levels
- 43.985937500000006
- 44.2696875
- 45.2625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.31% |
| return_10 | -6.17% |
| return_1m | +5.21% |
| return_1y | -5.69% |
| return_20 | +7.79% |
| return_3m | -9.57% |
| return_5 | -2.87% |
| return_6m | +14.45% |
| return_since_start | -2.27% |
| return_ytd | -3.38% |

### 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 | -30.35% |
| annualized_volatility | +41.81% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit Declines Sequentially from Q4 Peak but Improves Year-on-Year

NMDC Steel reported a net profit of ₹50.51 crore for the June 2026 quarter, down 87% from the March 2026 quarter’s ₹391.91 crore but nearly double the ₹25.56 crore earned in the same quarter last year. Revenue fell 5.6% sequentially to ₹3,661.84 crore, while expenses rose 6.2%, compressing operating margins. The sequential decline follows an exceptionally profitable Q4, and the year-on-year improvement reflects continued progress from the prior year’s level.

## Revenue and Expense Trends

Revenue from operations was ₹3,661.84 crore, down 5.6% from ₹3,879 crore in Q4 FY26 but up 8.8% from ₹3,365.22 crore in Q1 FY26. The sequential decline breaks a two-quarter rising trend (Q3 to Q4 saw a 29% increase). The year-on-year growth is consistent with the prior year’s Q1 level, indicating some variability in quarterly revenue.

Total expenses were ₹3,630.78 crore, up 6.2% sequentially and 8.4% year-on-year. The sequential increase in expenses while revenue declined is the primary driver of lower profitability. The expense growth rate (6.2% QoQ) outpaced the revenue decline (5.6% QoQ), leading to margin compression.

## Profitability and Operating Performance

Segment profit before tax and finance costs (a proxy for operating profit) was ₹200.33 crore in Q1 FY27, implying an operating margin of 5.5% (200.33 / 3,661.84). This is a sharp decline from the implied operating margin of 15.0% in Q4 FY26, calculated as PBT of ₹486.10 crore plus finance costs of ₹96.42 crore = ₹582.52 crore, divided by revenue of ₹3,879 crore. The Q4 margin was an outlier compared to earlier quarters: Q1 FY26 had an implied operating margin of 5.0% (PBT ₹36.14 + finance costs ₹133.68 = ₹169.82, divided by revenue ₹3,365.22), while Q2 and Q3 FY26 had negative operating profits. Q1 FY27’s operating margin of 5.5% is therefore more in line with the prior year’s first quarter, suggesting a return to a more typical operating performance after the Q4 spike.

Profit before tax was ₹73.95 crore, down 84.8% sequentially but up 104.6% year-on-year. The sequential drop is explained by the combination of lower revenue, higher expenses, and higher finance costs.

Net profit was ₹50.51 crore, down 87.1% sequentially, up 97.6% year-on-year. The effective tax rate was 31.7% (₹23.44 crore tax on ₹73.95 crore PBT), higher than the 19.4% rate in Q4 FY26, which also contributed to the sequential net profit decline.

## Finance Costs

Finance costs were ₹126.38 crore in Q1 FY27, up 31.1% from ₹96.42 crore in Q4 FY26 but down 5.5% from ₹133.68 crore in Q1 FY26. The Q4 figure was notably lower than the ₹128–134 crore range seen in the three quarters before it (Q1–Q3 FY26). The sequential increase in finance costs added to the profit decline. Management attributed the year-on-year decrease to a lower interest rate on its SBI term loan and a reduced outstanding loan balance.

## Management Commentary (Attributed)

According to the company’s filing-day announcements, management highlighted a year-on-year revenue increase of 8.8% and a doubling of net profit, attributing the improvement to higher revenue and lower finance costs. They noted that the interest expense on the SBI term loan was reduced from 12.45% to 8.40% per annum, and the outstanding term loan decreased by ₹1,298.54 crore to ₹3,177.27 crore. The company also reported a net worth of ₹13,228.35 crore and a debt-equity ratio of 0.38. Legacy GST disputes and the ongoing strategic disinvestment process were also mentioned. (This section is based on management’s own statements and is not independently verified by the financial metrics alone.)

## Management Commentary

For the quarter ended June 30, 2026, NMDC Steel reported revenue from operations of ₹3,661.84 crore, up 8.8% year-over-year from ₹3,365.22 crore, while net profit doubled to ₹50.51 crore from ₹25.56 crore in Q1 FY26. Total expenses rose to ₹3,630.78 crore from ₹3,349.08 crore, driven by higher raw material costs and other expenses, but finance costs decreased slightly to ₹126.38 crore from ₹133.68 crore, reflecting management's successful renegotiation of the term loan interest rate from 12.45% to 8.40% p.a. with SBI. The company's outstanding term loan reduced by ₹1,298.54 crore to ₹3,177.27 crore, and net worth increased to ₹13,228.35 crore. The debt-equity ratio stood at 0.38, and basic EPS improved to ₹0.19 from ₹0.09.

Management continues to navigate legacy GST disputes (pre-demerger) totaling ₹111.10 crore, of which ₹45.90 crore was dropped, ₹56.40 crore is pending before the High Court, and ₹0.35 crore is under appeal, with NMDC Ltd handling the appeals. The strategic disinvestment process by the Government of India for its 50.79% stake in NMDC Steel remains ongoing per earlier approvals, with no new timeline disclosed in this filing. Overall, the company's performance indicates gradual operational improvement and better cost management.

## Key Takeaway

NMDC Steel’s June 2026 quarter shows a significant pullback from the exceptional profitability of the March 2026 quarter, with revenue declining and expenses rising sequentially. However, compared to the same quarter last year, both revenue and profit improved, and operating margins returned to a level similar to the prior year’s first quarter. The company’s finance costs, while up from the previous quarter’s low, remain below the year-ago level. The quarter reflects a normalization after a volatile period, with the underlying business still showing year-on-year progress.

### Ratios

## Official filings

- 2026-09-07 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NSLNISP_07092026170738_NSL_Newspaper_Clip.pdf)
- 2026-09-06 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_21229_WebXMLFile_20260906_204944890.xml)
- 2026-09-06 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_21229_WebXMLFile_20260906_204154169.xml)
- 2026-08-28 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_28082026084742_NSL_Clarification_Spurt_in_Volume.pdf)
- 2026-08-27 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-08-27 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_27082026184114_NSL_Change_Directorate.pdf)
- 2026-08-27 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_21229_WebXMLFile_20260827_193650226.xml)
- 2026-08-25 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_25082026175247_NewspaperNSL11thAGM25082026.pdf)
- 2026-08-24 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NSLNISP_24082026140709_SE11th_AGM__NSL.pdf)
- 2026-08-21 — Credit Rating Update: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NSLNISP_21082026120306_NSL_CreditRating_21082026.pdf)
- 2026-08-14 — Generic Announcement: NMDC Steel Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_15082026013744_NSLSE14082026_results1.pdf)
- 2026-07-31 — Official Filing: NMDC Steel Limited's Board of Directors met on July 30, 2026, approving the appointment of Paraj Kanti Saha as Company Secretary and Compliance Officer, effective July 30, 2026. Concurrently, Aniket Kulshreshtha resigned from the same positions, effective July 30, 2026, due to his appointment as Company Secretary and Compliance Officer at NMDC Limited.
- 2026-07-30 — Generic Announcement: NMDC Steel Limited announced a change in its Company Secretary and Compliance Officer on July 30, 2026. Aniket Kulshreshtha resigned from his position due to his appointment as Company Secretary at NMDC Limited. The Board of Directors approved the appointment of Paraj Kanti Saha as the new Company Secretary and Compliance Officer, effective immediately. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_30072026224251_NSL_CSannoucement_30072026.pdf)
- 2026-07-18 — Official Filing: NMDC Steel Limited reported the appointment of Mr. Vivek Nishant Nath as Executive Director, effective July 15, 2026. He assumed charge as Director (Commercial) at NMDC Limited on July 18, 2026, bringing over three decades of experience in sales, marketing, and supply chain management within the mining and metals industry.
- 2026-07-18 — Official Filing: Shri Vivek Nishant Nath has been appointed as Director (Commercial) on the Board of NMDC Steel Limited for a five-year term effective July 15, 2026, as per an order from the Ministry of Steel. He is not related to other directors and is not debarred from holding such office. Nath has over three decades of experience in the mining and metals industry, including significant roles at NMDC, Essar Steel, ArcelorMittal Nippon Steel India, and Odisha Mining Corporation Limited.
- 2026-07-15 — Generic Announcement: The Ministry of Steel, Government of India, has appointed Shri Vivek Nishant Nath as Director (Commercial) on the Board of NMDC Limited for a period of 5 years, effective from his assumption of charge as per their order dated July 14, 2026. Shri Vivek Nishant Nath will also serve as Director (Commercial) on the Board of NMDC Steel Limited on a co-terminus basis, following an earlier communication from March 20, 2023. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_15072026161040_NSLSEapptofDirComm15072026.pdf)
- 2026-07-07 — Generic Announcement: NMDC Steel Limited has submitted a compliance certificate for the quarter ended June 30, 2026, as required by Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was obtained from the company's Registrar and Share Transfer Agents, Aarthi Consultants Pvt. Ltd. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_07072026115847_SignedNSL74_5June2026.pdf)
- 2026-06-29 — Generic Announcement: NMDC Steel Limited will close its trading window for all insiders and designated persons from July 1, 2026, until 48 hours after the declaration of financial results for the quarter ending June 30, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_29062026184324_NSLInsidertrading29062026.pdf)
- 2026-06-01 — Generic Announcement: NMDC Steel Limited published its financial results for the quarter and financial year ended March 31, 2026, in 'The Pioneer' newspaper on May 31, 2026. This disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_01062026190202_NSLnewspaperclipping01062026.pdf)
- 2026-05-29 — Generic Announcement: NMDC Steel Limited's Board of Directors approved the audited financial results for the quarter and fiscal year ending March 31, 2026, on May 29, 2026. The company also reported its unaudited financial results for the quarter and nine months ending December 31, 2025, which showed a net loss of Rs. 2,657.41 crore for the quarter. Additionally, the company disclosed that its Non-Convertible Debentures totaling Rs. 523.80 crore were repaid on August 28, 2025, and a Rupee Term Loan of Rs. 3,401.14 crore was outstanding as of December 31, 2025. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_29052026201431_NSLBMintimation29052026.pdf)
- 2026-05-29 — Generic Announcement: NMDC Steel Limited's Board of Directors approved the audited financial results for the quarter and fiscal year ending March 31, 2026, on May 29, 2026. The company reported total income of ₹13,727.81 crore and a net loss of ₹2,373.78 crore for the fiscal year. The statutory auditors issued an unmodified opinion on these results. The company also noted a discrepancy in the number of independent directors and compliance with certain listing regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_29052026204431_NSLBMOutcome29052026.pdf)
- 2026-04-07 — Generic Announcement: NMDC Steel Limited has submitted a compliance certificate for the quarter ended March 31, 2026, as required by Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was obtained from their Registrar and Share Transfer Agents, Aarthi Consultants Pvt. Ltd. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_07042026152443_NSLReg74Mar2026.pdf)
- 2026-03-31 — Management Change: Shri Anurag Kapil has been appointed as Director (Finance) on the Board of NMDC Steel Limited for a period of 5 years, effective March 31, 2026. This appointment is made by the Ministry of Steel, Government of India, in accordance with relevant orders. Shri Kapil is not debarred from holding such an office and has no disclosed relationships with other directors on the board. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_31032026142524_NSLapptofDirFinance.pdf)
- 2026-03-31 — Generic Announcement: The additional charge of Director (Commercial) at NMDC Steel Ltd. held by Shri Vinay Kumar, Director (Technical), has been extended for one year effective April 7, 2026. This extension is subject to the assumption of charge by a regular incumbent or further orders, whichever occurs first, as per Ministry of Steel orders. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_31032026095218_NSLaddlchargeDC.pdf)
- 2026-03-31 — Generic Announcement: NMDC Steel Limited announced that Shri Anurag Kapil has been appointed as Director (Finance) and will be the Chief Financial Officer (CFO) effective March 31, 2026. Consequently, Shri K. Raj Shekhar has ceased to be the CFO of the company as of the same date. — [Official attachment](https://nsearchives.nseindia.com/corporate/NMDCSTEEL_31032026160454_NSLcessationofCFO.pdf)

## News and market events

- 2026-08-27 — BUSINESS: **Volumes spurt at The Bombay Burmah Trading Corporation Ltd counter** — The Bombay Burmah Trading Corporation Ltd registered volume of 120.8 lakh shares by 14:14 IST on NSE, a 449.08 fold spurt over two-week average daily volume of 26899 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-spurt-at-the-bombay-burmah-trading-corporation-ltd-counter-126082700656_1.html)
- 2026-08-21 — BUSINESS: **Market ends flat amid geopolitical concerns; metal stocks gain** — As per provisional closing data, the barometer index, the S&P BSE Sensex, ended flat at 77,540.83, up 3.11 points or 0.00%. The Nifty 50 index rose 20.15 points or 0.08% to 24,252. — [Source](https://www.business-standard.com/markets/capital-market-news/market-ends-flat-amid-geopolitical-concerns-metal-stocks-gain-126082100830_1.html)
- 2026-08-17 — Mint: **Top Gainers & Losers on 17 August: NMDC Steel, LG Electronics, BSE, Tata Tech, Infosys, Voltas among top losers | Stock Market News** — Indian stocks remained subdued on August 17, with the Nifty down 0.11% and the Sensex down 0.19% due to ongoing Middle East conflicts and high crude oil prices. Despite this, midcap and small-cap indices saw slight gains. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-17-august-nmdc-steel-lg-electronics-bse-tata-tech-infosys-voltas-among-top-losers-11786961037869.html)
- 2026-08-17 — CNBC-TV18: **NMDC Steel shares fall 9% after a weak operating performance in Q1** — The demerged NMDC entity listed on the exchanges in February 2023 at ₹31.75 apiece. It has risen around 38% from those levels. — [Source](https://www.cnbctv18.com/market/nmdc-steel-share-price-fall-weak-operating-performance-q1-ebitda-margin-revenue-impact-target-returns-19970741.htm)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls to day's low; Belrise down over 7%** — Stock Market Live Updates: The markets are under pressure, as indices trade lower at the beginning of a new week. The Nifty is down nearly 80 points, falling below the 24,300 mark. Infosys, Tata Motors PV and HCLtech are top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty slips below 24,300; NMDC Steel falls over 7%** — Stock Market Live Updates: The markets are under pressure, as indices trade lower at the beginning of a new week. The Nifty is down nearly 80 points, falling below the 24,300 mark. Infosys, Tata Motors PV and HCLtech are top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-15 — CNBC-TV18: **NMDC Steel Q1 net profit jumps 97.6% to ₹50.51 crore as govt searches buyer for stake** — The results came as the Government of India continued its process to divest its 50.79% stake in NMDC Steel, including a transfer of management control to a strategic buyer. — [Source](https://www.cnbctv18.com/market/earnings/nmdc-steel-q1-fy27-net-profit-revenue-ebitda-divestment-government-stake-sale-19970245.htm)

## Business profile

**Strategic vision:** Manufactures and sells hot rolled steel products.

### Business segments
- **Hot Rolled Steel:** The Nagarnar steel plant produces high-grade hot rolled steel products, including low carbon steel, HSLA & Dual Phase Steel, and API quality steel, with thicknesses ranging from 1mm to 16mm.

### Competitive strengths
- State-of-the-art 3.0 MTPA steel plant at Nagarnar, Chhattisgarh.
- Modern mill technology including the widest HR mill in the public sector.
- Iron ore supply linkage with Bailadila mines.

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## Freshness and sources

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

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