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NMDC Steel announced Financial Results Q1 2024

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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: substantial increase in net sales/revenue by 9.6 %.
  • Income over the Year and quarter: Marginal decrease of -76.91% in other income during this quarter.
  • Profit over the Year and quarter: NMDC Steel Limited’s profitability dropped by -36.43 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS decreased by -36.39 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of NMDC Steel Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 0 Cr Rs. 1845.73 Cr Rs. 2022.91 Cr + 9.6 % 0 %
Expenses Rs. 0 Cr Rs. 2801.33 Cr Rs. 2424.01 Cr -13.47 % 0 %
Operating Profit Rs. 0 Cr Rs. -955.6 Cr Rs. -401.1 Cr + 58.03 % 0 %
OPM % 0 % -51.77 % -19.83 % + 31.94 % -19.83 %
Other Income Rs. 0 Cr Rs. 90.21 Cr Rs. 20.83 Cr -76.91 % 0 %
Interest Rs. 0 Cr Rs. 155.44 Cr Rs. 153.08 Cr -1.52 % 0 %
Depreciation Rs. 0 Cr Rs. 252.29 Cr Rs. 238.66 Cr -5.4 % 0 %
Profit before tax Rs. 0 Cr Rs. -1273.12 Cr Rs. -772.01 Cr + 39.36 % 0 %
Tax % 0 % -32.38 % -29.11 % + 3.27 % -29.11 %
Net Profit Rs. 0 Cr Rs. -860.85 Cr Rs. -547.25 Cr + 36.43 % 0 %
EPS in Rs Rs. 0 Rs. -2.94 Rs. -1.87 + 36.39 % 0 %


Today, we’re looking at NMDC Steel Limited’s financial performance for the Q1(Jun 2024).However, it did see a marginal increase of 9.6 % from the previous quarter. Expenses decreased slightly by -13.47 % quarter-on-quarter, faced a quarter-on-quarter increase of 58.03 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -19.83 %, but an expansion of 31.94 % sequentially. Other income fell by -76.91 % compared to the last quarter, Interest expenses dropped significantly by -1.52 % from the previous quarter, Depreciation costs fell by -5.4 % quarter-on-quarter, but saw an increase from the preceding quarter by 39.36 %.
Tax expenses as a percentage of profits decreased slightly by -29.11 % compared to last year, with a more notable quarter-on-quarter increase of 3.27 %. but experienced a 36.43 % expansion from the last quarter. but a quarterly rise of 36.39 %. In summary, NMDC Steel Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 0 Cr Rs. 1845.73 Cr Rs. 2022.91 Cr + 9.6 % 0 %
Expenses Rs. 0 Cr Rs. 2801.33 Cr Rs. 2424.01 Cr -13.47 % 0 %
Operating Profit Rs. 0 Cr Rs. -955.6 Cr Rs. -401.1 Cr + 58.03 % 0 %
Net Profit Rs. 0 Cr Rs. -860.85 Cr Rs. -547.25 Cr + 36.43 % 0 %
EPS in Rs Rs. 0 Rs. -2.94 Rs. -1.87 + 36.39 % 0 %


In reviewing NMDC Steel Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.however, there was a minor increase of 9.6 % from the previous quarter. with a decrease of -13.47 % quarter-on-quarter. and saw a 58.03 % increase from the last quarter.
and experienced a 36.43 % increase from the previous quarter. however rose by 36.39 % compared to the last quarter. In essence, while NMDC Steel Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

0

3-Year Profit

0

5-Year Profit

0

10-Year Profit

59.4

Current Price

17,422

Market Cap



The company associated with BSE code 543768 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 0 percents, which subsequently rose to 0 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 0 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 0 percents over the last five years, it has recently dropped to 9 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 0 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.

The company currently holds a market cap of ₹17,422 crore, with its stock trading at ₹59.4. Historically, the stock has fluctuated between ₹73.7 / 39.2, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at , indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹, which offers insight into the company's intrinsic worth, while its dividend yield of 0.00% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is -8.69%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is -9.59%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.43, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹-614 crore raises concerns about its liquidity position. The Piotroski score of 1.00 reflects the company’s overall financial health, while the Graham Number of ₹ suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.

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