NMDC Steel Share Price

NMDC Steel Ltd., based in Nagarnar, Chhattisgarh, is a government-owned steel enterprise and a wholly owned subsidiary of NMDC under the administrative control of the Ministry of Steel, Governme͏nt of India. It p͏roduces superior quality hot-rolled (H͏R) steel in low-carbon steel, HSLA, Dual Phase and API grade steel from its modern 3.0 MTPA steel plant located at Nagarna͏r. The share price of NMDC Steel on NSE and BSE is a reflection of the company’s current performance and future growth of the company within the Indian Steel Industry in future. 

NMDC Steel share price volatility is influenced by output of steel, product mix, cost of raw materials, demand from key consuming industries, and price of domestically produced and imported steel. The Sentiment of investors is also influenced by the performance of the Nagarnar plant, the company’s growth ambitions and technological prowess. Thi͏s balance between production volume and demand on the market will influence NMDС Steel stock price movem͏ents overtime.  

NMDC Steel live share price provides you with information on the last traded price, bid price, ask price, and traded quantity. These are real-time indicators of demand and supply, liquidity and traders’ reaction to news, production reports for the quarter and other market-related developments. NMDС Steel live price enables traders and investors to accurately gauge the market sentiment along with the market volatility in the short-term within the steel industry. 

Monitoring NMDC Steel share price over the years can help track the performance of the company as well as capture reactions to production announcements, sales and profit figures, changes in steel demand nationally and internationally, pricing policies, etc. NMDC Steel share price today enables tracking the buying and selling behaviour and market reaction on various Indian stock exchanges. 

NMDC Steel Limited Company Fundamentals

NMDC Steel Limited Company Background 

NMDC Steel Limited is a government company, established in 2015 under the administrative control of the Ministry of Steel, Government of India, with its shares listed on BSE, NSE, and the Calcutta Stock Exchange. The company owns and operates a state-of-the-art 3.0 MTPA steel plant at Nagarnar, Chhattisgarh, built at an estimated cost of around Rs. 24,000 crores.  

Its competitive advantage is strengthened by the proximity of iron ore supply from the Bailadila mines, located just 100 km from Nagarnar. The Nagarnar Steel Plant produces a mix of low carbon steel, HSLA, Dual Phase steel, and API-quality steel, with thicknesses ranging from 1 mm to 16 mm. Its thin slab caster, capable of rolling 1650 mm wide Hot Rolled steel, is the widest mill in the public sector. The plant’s HR coils, sheets, and plates are expected to serve industries such as LPG cylinder manufacturing, bridges, ships, large-diameter pipes, storage tanks, boilers, railway wagons, and various engineering, military, and automotive applications. Commercial production of HR coils began on 31st August 2023. 

NMDC Steel Limited Company Products  

Primary Steel Products: 

• Hot Rolled (HR) Coils: Thickness range of 1.0 – 16 mm, Width range of 900 – 1650 mm. 
• Hot Rolled (HR) Sheets/Plates: Thickness range of 1.8 – 12 mm, Width range of 900 – 1650 mm, Lengths from 2000 – 12000 mm. 

Product Grades & Applications: 

• Boiler & Pressure Vessel Quality Plates: Conforming to standards like IS 2002, ASTM A285, IS 2041 (Grades: H235, H265, H295, H355, R220, R260, R275, R355). 
• High-Strength Structural Steel: For general structures, shipbuilding, and forming (e.g., IS 2062 A/B/C, IS 5986 Fe 330/360/410/510, IS 8500 Fe 540B/570/590 series). 
• API 5L Line Pipe Steel: For oil and gas pipelines, grades up to X80M (Grades: Gr BM, X42M to X80M). 
• Commercial Quality Steel: For general purposes (e.g., IS 10748 grades 1-5, BS 1449 grades, ASTM A569). 
• Drawing Quality Steel: For deep drawing applications (e.g., IS 1079 grades O, D, DD, EDD). 
• LPG Cylinder Steel: Conforming to IS 6240 and JIS 3116 standards (Grades: SG255, SG295, SG325, SG365). 
• Automotive Grade Steel: Including High-Strength Low-Alloy (HSLA), Dual Phase, and Advanced High-Strength Steels (AHSS) (e.g., EN 10149 E34/E38/BSK46, ASTM A572 E55, EN 10338 HDF/HDT series). 
• Silicon/Electrical Steel: For motors, generators, and transformers (Conforming to IS 3024 and DIN 46400, e.g., 23CG110, 27CG130, 35CG165). 

By-Products: 

• Pig Iron: (As per IS: 13502, with specific ranges for Carbon, Silicon, Manganese, Sulphur & Phosphorus). 
• BF Granulated Slag. 
• Crude Tar. 
• Naphthalene. 
• Sulphur. 

NMDC Steel Limited Company Revenue Model 

• Revenue from Sale of Hot Rolled (HR) Steel Products – This is the primary revenue source, generated through the sale of finished steel products such as HR coils, sheets, and plates produced at the Nagarnar 3.0 MTPA integrated steel plant.  
• Sale of Other Steel Products / By-products – Apart from HR coils, NSL earns income from the sale of other steel grades and by-products (e.g., lowervalue finished goods or semi-finished steel items) that are part of the plant’s product mix.  
• Other Operating Income – This includes miscellaneous operating income beyond core steel sales, such as service charges or penalties, recorded under “other income” in financial results.  
• Export Sales (if applicable) – While NMDC Steel is primarily focused on the domestic market, export sales of steel products may contribute to revenue when international demand exists (historically relevant based on steel business practices). (Not explicitly detailed in the public annual report but typical for integrated steel producers) 
• Longterm Supply Agreements / Contract Revenues – Revenue from longterm or bulk supply contracts with industrial clients and infrastructure projects (e.g., government or large OEMs) provides stable sales volumes across financial periods.  
• Customized Steel Solutions / Value-added Sales – NMDC Steel may generate additional revenue through customised orders or value-added steel offerings tailored for specific industrial clients.  
• Interest & Investment Income – Income earned from financial assets, cash balances, or short-term investments is reflected under “other income” in annual results, contributing a small portion to total revenue 

NMDC Steel Limited Leadership 

Some of the key leaders as of January 2026 are 

• Amitava Mukherjee – Chairman and Managing Director 
• Vishwanath Suresh – Director (Commercial) 
• Vinay Kumar – Director (Technical) 
• Joydeep Dasgupta – Director (Production) 
• Priyadarshini Gaddam – Director (Personnel) & Additional Charge of Director (Finance) 
• Ashish Chatterjee – Government Director 
• Abhijit Narendra – Government Director 

NMDC Steel Limited Geographic Presence 

• Nagarnar, Chhattisgarh – Site of the integrated 3.0 MTPA steel plant (primary operational location).  
• Bastar region, Chhattisgarh – General area where the Nagarnar plant is situated.  
• Hyderabad, Telangana – Corporate/administrative office location (C/o NMDC Ltd. headquarters). 

NMDC Steel Limited Key Milestones 

• 2 January 2015 – NMDC Steel Limited incorporated as a subsidiary of NMDC Limited. 
• March 2018 – 220KV GIS main receiving sub-station started; power supply to Sinter Plant. 
• 1 April 2022 – Demerger of NMDC Iron & Steel Plant at Nagarnar from NMDC Limited into NMDC Steel Limited. 
• 13 October 2022 – Demerger scheme became effective. 
• October 2022 – Coke Oven Battery No. 1 commissioned along with By Product Plants & part of Raw Material Handling. 
• 24 April 2023 – Coke Oven Battery No. 2 put into operation. 
• 1 April 2023 – Central Zero Liquid Discharge (ZLD) became operational. 
• 19 April 2023 – Sinter Plant put on hot trials. 
• 21 April 2023 – Oxygen Plant Stream No. 2 commissioned. 
• 30 June 2023 – Trial production of Hot Rolled (HR) Coils from Rolling Mill commenced. 
• 20 February 2023 – 2,93,06,05,850 equity shares listed following the scheme of arrangement. 
• 15 August 2023 – Blast Furnace inaugurated, marking the final commissioning phase. 
• 31 August 2023 – Commercial production of Hot-Rolled (HR) Coils began. 
• FY 2025 – Full steel plant operations commissioned. 

Industry Perspective 

NMDC Steel Limited operates within the Indian and global steel industry, a foundational segment of heavy manufacturing and infrastructure development. India is the world’s second-largest producer of crude steel, with production capacity rising to around 200 million tonnes in FY 25 and targeted to expand to 300 million tonnes by 2030, supported by government initiatives and infrastructure spending. Domestic steel consumption is also growing rapidly, with finished steel demand projected to reach about 192 million tonnes by 2030, expanding at an approximate 6 % CAGR. Over the past decade, steel production and consumption have surged due to strong demand from construction, transportation, automotive, and industrial sectors. A Jefferies report highlights that Indian steel volume growth historically outpaced global trends, with consumption rising at around 7–8 % CAGR over 15 years, and forecasts an 8–10 % CAGR in steel volumes for major Indian producers from FY 25 to FY 27. Globally, steel demand is expected to grow from about 1,764 million MT in 2023 to nearly 1,950–2,000 million MT by 2035, with emerging markets, especially India, driving growth. This robust growth outlook underpins longterm expansion and investment opportunities in the steel industry. 

NMDC Steel Limited stands to benefit from India’s robust steel industry growth, driven by infrastructure, construction, and automotive demand. Its strategic location near high-grade Bailadila iron ore mines ensures a steady raw material supply, lowering costs. With a state-of-the-art 3 MTPA Nagarnar plant and strong government backing, NMDC Steel can capitalise on rising domestic consumption, increasing production efficiency, expanding market share, and achieving higher revenue and long-term sustainable growth. 

NMDC Steel Limited Stock Market Presence: Listings & Index Representation

NMDC Steel Limited became a publicly listed company following the commercial operations of its Nagarnar steel plant and subsequent equity listings across major Indian stock exchanges. Its shares trade on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), making the stock accessible to both retail and institutional investors. 

On NSE, NMDC Steel Limited is represented under the ticker NMDS and its BSE scrip is 526371. The company is also a component of key broad market and sector indices such as Nifty 500, NIFTY Smallcap 100, and Nifty Smallcap 250. Inclusion in these indices highlights NMDC Steel Limited’s growing scale and relevance within the Indian steel sector. 

Being part of diversified indices enhances liquidity for NMDC Steel Limited shares and ensures that the NMDC Steel Limited share price remains accessible to a wide range of market participants. Index representation also facilitates tracking by institutional investors and benchmarking against sector peers in steel and metals. 

Monitoring the NMDC Steel Limited share price alongside its index representation provides insights into how market participants respond to production updates, sector trends, and broader economic developments affecting the steel industry. 

NMDC Steel Limited Stock Performance and Share Price History

The NMDC Steel share price on NSE and BSE is shaped by steel sector cycles, domestic and global demand, production output from the Nagarnar plant, and operational performance. Market participants often reference domestic steel prices, production volumes, and global commodity trends when evaluating the NMDC Steel stock price. Periods of higher steel output or favourable market pricing have historically supported positive movements in the NMDC Steel share price, reflecting investor confidence in the company’s operational efficiency. 

Sector dynamics and broader steel market trends significantly influence the NMDC Steel share price. Fluctuations in domestic steel demand, international pricing, and the performance of related industry peers have historically coincided with movements in the NMDC Steel stock price. For example, strong demand for hot-rolled and specialty steel grades has supported upward pressure on the NMDC Steel share price over quarterly and annual reference periods, highlighting the stock’s sensitivity to cyclical sector performance. 

In addition to structural operational factors, macro-economic changes and government policies can affect short-term swings in the NMDC Steel share price. Quarterly production updates, export demand shifts, and raw material cost variations also influence daily and weekly trading behaviour. The interplay of these operational and market variables can lead to pronounced price movements in the NMDC Steel stock price at times, making monitoring essential for investors. 

Over a longer timeline, the stock has experienced periods of both strong gains and significant declines. In 2023, the NMDC Steel share price rose by +61.26%, driven by higher production output and strong steel market conditions. Conversely, in 2024, the stock saw a decline of 15.43%, reflecting softer demand and pricing pressures. The NMDC Steel stock price has similarly shown sharp quarterly variations, with Q2 2025 posting +23.05% and Q1 2025 declining 23.05%, underlining the seasonal nature of the steel business. Historical performance over multi-year periods, such as the 3-year return of 68.06%, illustrates how cyclical sector trends and macroeconomic conditions influence the NMDC Steel share price. 

Recent annual results further highlight mixed performance, with 2025 recording a +2.31% gain while 2026 to date shows 5.73% in the NMDC Steel share price. These variations underline how production, pricing, and market demand continue to affect the NMDC Steel stock price across different market cycles. The NMDC Steel share price history demonstrates the interplay of internal operational results and external market pressures.  

Overall, observing the NMDC Steel share price provides investors with insights into short-term volatility, long-term trends, and the seasonal and cyclical nature of the steel industry. Tracking the NMDC Steel stock price alongside market indices and sector peers helps understand investor sentiment and the broader market response to operational results, commodity pricing, and policy developments. The NMDC Steel share price remains a key indicator for market participants assessing the company’s financial health, growth potential, and resilience within the cyclical steel sector. 

NMDC Steel Limited Investor Relevance and Portfolio Role

NMDC Steel Ltd. represents focused exposure to India’s steel and core materials segment, making it relevant for portfolios aligned with industrial activity, infrastructure expansion, and cyclical demand trends. The company’s positioning within the domestic steel ecosystem links it closely to construction, manufacturing, and capital goods consumption patterns, which often move in line with broader economic cycles. As part of sector and broader market groupings, NMDC Steel holds relevance for diversified portfolios that track developments in steel production, capacity utilisation, and materials-led growth themes. 

Institutional ownership in NMDC Steel Ltd. reflects participation from both domestic and global investors with long-term exposure to the industrial and materials space. Major institutional holders include Life Insurance Corporation of India, The Vanguard Group, Inc.. Other notable holders include Canara Bank, Aditya Birla Sun Life AMC Limited, Dimensional Fund Advisors LP, The New India Assurance Company Limited, LSV Asset Management, LSV Emerging Markets Equity Fund L.P., and BlackRock, Inc. These institutions hold NMDC Steel alongside other investments in capital-intensive and cyclical sectors, indicating its role within broader portfolio frameworks rather than as a standalone exposure. 

Mutual fund holdings in NMDC Steel align with diversified allocation strategies across domestic and international funds. Key mutual fund investors include Vanguard STAR Funds – Vanguard Total International Stock ETF, Vanguard International Equity Index Funds – Vanguard FTSE Emerging Markets ETF, Aditya Birla Sun Life Small Cap Fund, iShares Core MSCI Emerging Markets ETF, Vanguard Fiduciary Trust Company Institutional Total International Stock Market Index Trust II, Government Pension Fund Global, Vanguard FTSE All-World ex-US Small-Cap ETF, iShares Core MSCI Total International Stock ETF, DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio, and SBI Mutual Fund – SBI Contra Fund. These funds typically include NMDC Steel as part of broader exposure to emerging markets, small-cap allocations, and materials-linked themes. 

The beta and volatility profile of NMDC Steel Ltd. highlights its sensitivity to market movements across different time frames. The stock shows a long-term beta of 0, while short-term measures indicate higher variability, with a daily one-month beta range of 3.06 and a daily three-month range of 2.16. Weekly beta ranges stand at 2.00 over one year and 1.81 over two years, while the two-week beta over two years is 1.74. On a longer horizon, the monthly two-year beta moderates to 1.25. These data ranges suggest that NMDC Steel experiences higher volatility in shorter periods, with risk levels gradually stabilising over extended time frames, offering insight into its behaviour relative to broader market indices and sector conditions 

NMDC Steel Limited Sectoral Relevance and Peer Positioning

NMDC Steel Ltd.’s sectoral relevance arises from its position within India’s downstream steel manufacturing segment, linking it directly to infrastructure development, construction demand, and industrial production cycles. Within the broader steel ecosystem, NMDC Steel is often viewed alongside established peers such as SAIL, Tata Steel, JSW Steel, and other integrated steel producers, where operational scale, capacity ramp-up, cost structure, and demand visibility play a greater role than short-term stock movements. Peer comparisons help assess NMDC Steel’s evolving footprint in steel production, capacity utilisation, and alignment with domestic manufacturing and infrastructure-led growth trends. 

NMDC Steel  market cap is approximately ₹122.38 billion as of January 16, 2026, reflecting its current valuation within India’s listed steel segment. Over the past year, the market cap declined by about 2.73%, indicating moderated valuation sentiment despite longer-term growth. Since February 2023, market capitalisation has increased from ₹93.05 billion to ₹122.38 billion, representing a cumulative rise of 31.53% and a compound annual growth rate of nearly 9.89%. Historical fluctuations highlight how NMDC Steel’s valuation has responded to operational developments and broader sector conditions. 

NMDC Steel EPS reflects the company’s operational phase and cost structure during recent years. For FY25, EPS stands at –₹8.10, compared with –₹5.32 in FY24, indicating continued pressure on per-share profitability. EPS growth metrics show a year-on-year decline of around 52.78%, while trailing-twelve-month comparisons also reflect negative movement. Short-term EPS indicators such as MRQ versus one year ago show volatility, underscoring the impact of operating expenses, depreciation, and interest costs on shareholder earnings during the ramp-up period. 

NMDC Steel earnings profile highlights the challenges of scaling operations in a capital-intensive steel business. In FY25, total revenue increased sharply to ₹8,503.05 crore, while operating losses widened, with operating income at –₹3,393.23 crore. Net income for the same period stood at –₹2,373.78 crore, compared with –₹1,560.32 crore in FY24. EBITDA and EBIT remained negative, reflecting high operating expenses, depreciation, and interest costs. These earnings trends illustrate how profitability remains sensitive to cost management, utilisation levels, and stabilisation of core operations. 

NMDC Steel P/E ratio reflects its negative earnings profile in recent financial periods. For FY25, ending March 2025, the latest P/E ratio stands at -4.12, improving from -10.28 in FY24. On a trailing twelve-month basis, the P/E ratio is -9.27, indicating continued losses at the earnings level. The P/E ratio increased by 59.94% year-on-year, marking a relative improvement in valuation metrics. Over the last five years, the highest P/E was recorded in FY23, while the lowest occurred in FY24. The latest P/E remains below the five-year average. 

Summary

NMDC Steel Limited represents a capital-intensive steel enterprise transitioning from commissioning to operational stabilisation within India’s evolving steel sector. Its performance reflects the challenges typical of large integrated steel plants during ramp-up phases, including high fixed costs, utilisation pressures, and sensitivity to steel price cycles. The NMDC steel share price often mirrors these operational realities alongside broader sector dynamics, infrastructure-led demand, and policy developments influencing the domestic steel industry and overall industrial growth.