NMDC Ltd.
NMDCCommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
5 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 5 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210630 | 2020-03-31 | yes | |
| TRANSCRIPT | 20210823 | 2020-06-30 | yes | |
| TRANSCRIPT | 20220530 | 2022-03-31 | yes | |
| COVER_LETTER | 20230524 | 2023-03-31 | no | |
| TRANSCRIPT | 20230530 | 2023-03-31 | yes | |
| TRANSCRIPT | 20240822 | 2023-06-30 | yes | |
| TRANSCRIPT | 20250601 | 2024-03-31 | yes | |
| TRANSCRIPT | 20260603 | 2025-03-31 | yes |
NMDC
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 80.82 |
| 52-week range | 72.54 – 96.04 |
| Return 1M | -5.96% |
| Return 3M | -4.85% |
| Return 1Y | 4.69% |
| Return 3Y | 69.43% |
| Return 5Y | 73.19% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 6,795.00 |
| Other income | 347.00 |
| Total income | 7,143.00 |
| Cost of materials consumed | 464.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -1,094.00 |
| Employee benefit expense | 488.00 |
| Finance costs | 22.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.61 | 0.00 |
| institutions foreign | 0.14 | -0.00 |
| institutions domestic | 0.14 | 0.00 |
| mutual funds | 0.07 | 0.00 |
| public | 0.39 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2023-03-31 | 1 |
| TRANSCRIPT | 2025-03-31 | 7 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,767.00 | 3,328.00 | 3,720.00 | 5,851.00 | 5,395.00 | 4,014.00 | 5,410.00 | 6,489.00 | 5,414.00 | 4,919.00 | 6,568.00 | 6,739.00 | 6,378.00 | 7,611.00 | 11,343.00 | 6,795.00 |
| Other income | 146.00 | 426.00 | 205.00 | -9.00 | 294.00 | 321.00 | 337.00 | 419.00 | 365.00 | 361.00 | 375.00 | 300.00 | 383.00 | 373.00 | 432.00 | 347.00 |
| Total income | 4,913.00 | 3,755.00 | 3,925.00 | 5,843.00 | 5,689.00 | 4,335.00 | 5,746.00 | 6,908.00 | 5,779.00 | 5,280.00 | 6,943.00 | 7,039.00 | 6,761.00 | 7,983.00 | 11,775.00 | 7,143.00 |
| Cost of materials consumed | 15.00 | 24.00 | 27.00 | 5.00 | 3.00 | 4.00 | 6.00 | 8.00 | 4.00 | 186.00 | 192.00 | 4.00 | 216.00 | 0.00 | 668.00 | 464.00 |
| Purchases of stock-in-trade | 121.00 | 113.00 | 141.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 114.00 | 92.00 | 431.00 | 582.00 | 2,837.00 | 0.00 |
| Changes in inventories | -381.00 | 601.00 | -292.00 | -425.00 | 77.00 | 284.00 | -74.00 | -381.00 | -41.00 | 490.00 | -341.00 | -32.00 | 107.00 | -53.00 | 213.00 | -1,094.00 |
| Employee benefit expense | 328.00 | 398.00 | 346.00 | 459.00 | 365.00 | 393.00 | 398.00 | 469.00 | 389.00 | 419.00 | 440.00 | 412.00 | 403.00 | 445.00 | 680.00 | 488.00 |
| Finance costs | 15.00 | 18.00 | 30.00 | 12.00 | 6.00 | 19.00 | 32.00 | 21.00 | 23.00 | 29.00 | 61.00 | 27.00 | 8.00 | 35.00 | 51.00 | 22.00 |
| Depreciation and amortisation | 85.00 | 74.00 | 84.00 | 93.00 | 69.00 | 89.00 | 82.00 | 111.00 | 74.00 | 103.00 | 103.00 | 109.00 | 110.00 | 107.00 | 152.00 | 103.00 |
| Other expenses | 2,785.00 | 1,342.00 | 2,357.00 | 3,650.00 | 2,957.00 | 2,143.00 | 3,072.00 | 4,290.00 | 2,723.00 | 2,438.00 | 3,791.00 | 3,784.00 | 3,228.00 | 4,492.00 | 4,301.00 | 4,469.00 |
| Total expenses | 2,969.00 | 2,570.00 | 2,693.00 | 3,794.00 | 3,477.00 | 2,931.00 | 3,517.00 | 4,520.00 | 3,171.00 | 3,665.00 | 4,359.00 | 4,396.00 | 4,502.00 | 5,609.00 | 8,903.00 | 4,451.00 |
| Profit before exceptional items and tax | 1,944.00 | 1,185.00 | 1,232.00 | 2,048.00 | 2,212.00 | 1,404.00 | 2,230.00 | 2,389.00 | 2,608.00 | 1,614.00 | 2,584.00 | 2,643.00 | 2,259.00 | 2,375.00 | 2,873.00 | 2,691.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 1,237.00 | 0.00 | 0.00 | -252.00 | -30.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,944.00 | 1,185.00 | 1,232.00 | 3,286.00 | 2,212.00 | 1,404.00 | 1,977.00 | 2,359.00 | 2,608.00 | 1,614.00 | 2,584.00 | 2,643.00 | 2,259.00 | 2,375.00 | 2,873.00 | 2,691.00 |
| Current tax | 497.00 | 310.00 | 305.00 | 724.00 | 548.00 | 357.00 | 505.00 | 707.00 | 643.00 | 425.00 | 731.00 | 685.00 | 578.00 | 682.00 | 715.00 | 750.00 |
| Deferred tax | -21.00 | -11.00 | 22.00 | 284.00 | 3.00 | 22.00 | 2.00 | 236.00 | 1.00 | -7.00 | -45.00 | -10.00 | -2.00 | -54.00 | 140.00 | -65.00 |
| Tax expense | 476.00 | 299.00 | 328.00 | 1,008.00 | 551.00 | 379.00 | 507.00 | 943.00 | 644.00 | 418.00 | 687.00 | 675.00 | 576.00 | 628.00 | 855.00 | 685.00 |
| Profit for the period | 1,442.00 | 972.00 | 914.00 | 2,272.00 | 1,652.00 | 1,026.00 | 1,484.00 | 1,413.00 | 1,971.00 | 1,212.00 | 1,882.00 | 1,968.00 | 1,699.00 | 1,757.00 | 2,027.00 | 1,976.00 |
| Profit attributable to owners | 1,442.00 | 1,010.00 | 894.00 | 2,314.00 | — | — | 0.00 | — | 0.00 | 0.00 | — | 1,968.00 | — | 1,756.00 | — | 1,976.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | -1.00 | 0.00 | — | — | 0.00 | — | 0.00 | 6.00 | 2.00 | -0.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Other comprehensive income | 44.00 | 38.00 | -19.00 | 42.00 | 26.00 | 4.00 | -3.00 | -49.00 | -8.00 | -22.00 | -6.00 | -14.00 | -20.00 | -18.00 | 18.00 | 5.00 |
| Total comprehensive income | 1,486.00 | 1,010.00 | 894.00 | 2,314.00 | 1,678.00 | 1,030.00 | 1,481.00 | 1,363.00 | 1,963.00 | 1,189.00 | 1,876.00 | 1,954.00 | 1,678.00 | 1,739.00 | 2,045.00 | 1,982.00 |
| Earnings per share, basic | 4.92 | 3.32 | 3.11 | 7.75 | 5.64 | 3.50 | 5.06 | 4.82 | 6.72 | 4.13 | 2.14 | 2.24 | 1.93 | 2.00 | 2.31 | 2.25 |
| Earnings per share, diluted | 4.92 | 3.32 | 3.11 | 7.75 | 5.64 | 3.50 | 5.06 | 4.82 | 6.72 | 4.13 | 2.14 | 2.24 | 1.93 | 2.00 | 2.31 | 2.25 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 11,699.00 | 15,370.00 | 25,882.00 | 17,667.00 | 21,308.00 | 32,071.00 |
| Other income | 514.00 | 352.00 | 719.00 | 768.00 | 1,371.00 | 1,488.00 |
| Total income | 12,214.00 | 15,722.00 | 26,600.00 | 18,435.00 | 22,679.00 | 33,559.00 |
| Cost of materials consumed | 36.00 | 42.00 | 107.00 | 71.00 | 21.00 | 2,172.00 |
| Purchases of stock-in-trade | 243.00 | 257.00 | 397.00 | 0.00 | 0.00 | 3,942.00 |
| Changes in inventories | -54.00 | -162.00 | -1,200.00 | -497.00 | -93.00 | 236.00 |
| Employee benefit expense | 1,049.00 | 1,085.00 | 1,337.00 | 1,531.00 | 1,626.00 | 1,940.00 |
| Finance costs | 10.00 | 17.00 | 39.00 | 75.00 | 78.00 | 121.00 |
| Depreciation and amortisation | 295.00 | 229.00 | 288.00 | 336.00 | 351.00 | 477.00 |
| Other expenses | 4,422.00 | 5,358.00 | 12,659.00 | 10,510.00 | 12,463.00 | 14,521.00 |
| Total expenses | 6,002.00 | 6,826.00 | 13,626.00 | 12,026.00 | 14,445.00 | 23,410.00 |
| Profit before exceptional items and tax | 6,211.00 | 8,896.00 | 12,974.00 | 6,409.00 | 8,233.00 | 10,149.00 |
| Exceptional items | -96.00 | 0.00 | 0.00 | 1,237.00 | -282.00 | 0.00 |
| Profit before tax | 6,115.00 | 8,896.00 | 12,974.00 | 7,647.00 | 7,951.00 | 10,149.00 |
| Current tax | 2,327.00 | 2,660.00 | 3,705.00 | 1,837.00 | 2,118.00 | 2,661.00 |
| Deferred tax | 186.00 | -11.00 | -123.00 | 271.00 | 263.00 | 73.00 |
| Tax expense | 2,513.00 | 2,648.00 | 3,582.00 | 2,108.00 | 2,380.00 | 2,734.00 |
| Profit for the period | 3,573.00 | 6,277.00 | 9,379.00 | 5,601.00 | 5,575.00 | 7,450.00 |
| Profit attributable to owners | 3,580.00 | 6,156.00 | 9,420.00 | 5,706.00 | — | — |
| Profit attributable to non-controlling interests | -0.00 | 0.00 | 1.00 | 0.00 | — | 0.00 |
| Other comprehensive income | 7.00 | -121.00 | 41.00 | 105.00 | -22.00 | -34.00 |
| Total comprehensive income | 3,580.00 | 6,156.00 | 9,420.00 | 5,706.00 | 5,553.00 | 7,416.00 |
| Earnings per share, basic | 11.67 | 20.70 | 32.00 | 19.11 | 19.02 | 8.47 |
| Earnings per share, diluted | 11.67 | 20.70 | 32.00 | 19.11 | 19.22 | 8.47 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 26,589.00 | 28,248.00 | 32,596.00 | 35,661.00 | 39,920.00 | 42,477.00 | 48,320.00 |
| Non-current assets | 10,698.00 | 12,440.00 | 13,205.00 | 14,112.00 | 16,498.00 | 18,560.00 | 18,909.00 |
| Current assets | 15,892.00 | 15,807.00 | 19,391.00 | 21,548.00 | 23,421.00 | 23,916.00 | 29,410.00 |
| Property, plant and equipment | 2,974.00 | 2,381.00 | 2,321.00 | 2,520.00 | 4,191.00 | 4,236.00 | 4,902.00 |
| Capital work-in-progress | 1,617.00 | 1,992.00 | 2,600.00 | 3,231.00 | 3,760.00 | 5,309.00 | 6,749.00 |
| Goodwill | 94.00 | 94.00 | 94.00 | 94.00 | 94.00 | 94.00 | 94.00 |
| Other intangible assets | 474.00 | 716.00 | 690.00 | 762.00 | 767.00 | 744.00 | 860.00 |
| Inventories | 1,947.00 | 2,661.00 | 2,363.00 | 2,767.00 | 2,330.00 | 2,650.00 | 2,522.00 |
| Trade receivables | 2,603.00 | 2,656.00 | 671.00 | 3,509.00 | 4,550.00 | 7,800.00 | 9,206.00 |
| Cash and cash equivalents | 390.00 | 93.00 | 690.00 | 109.00 | 90.00 | 136.00 | 148.00 |
| Total equity and liabilities | 26,589.00 | 28,248.00 | 32,596.00 | 35,661.00 | 39,920.00 | 42,477.00 | 48,320.00 |
| Equity | 20,519.00 | 22,635.00 | 24,502.00 | 25,673.00 | 28,378.00 | 32,468.00 | 34,076.00 |
| Equity share capital | 293.00 | 293.00 | 293.00 | 293.00 | 293.00 | 879.00 | 879.00 |
| Other equity | 20,214.00 | 22,342.00 | 24,209.00 | 25,380.00 | 28,076.00 | 31,578.00 | 33,183.00 |
| Total liabilities | 6,070.00 | 5,613.00 | 8,094.00 | 9,988.00 | 11,543.00 | 10,009.00 | 14,244.00 |
| Non-current liabilities | 1,277.00 | 1,411.00 | 1,443.00 | 1,583.00 | 1,646.00 | 1,683.00 | 2,138.00 |
| Current liabilities | 4,792.00 | 4,201.00 | 6,651.00 | 8,405.00 | 9,896.00 | 8,326.00 | 12,106.00 |
| Borrowings, non-current | 5.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 2,221.00 | 418.00 | 2,137.00 | 3,357.00 | 4,156.00 | 3,134.00 | 5,874.00 |
| Trade payables | 418.00 | 426.00 | 402.00 | 413.00 | 318.00 | 395.00 | 406.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 7,639.00 | 470.00 | 2,466.00 | 5,560.00 | 7,395.00 | 1,959.00 | 3,039.00 | 4,993.00 |
| Net cash from investing activities | -5,066.00 | -630.00 | 43.00 | -5,814.00 | -6,076.00 | -2,725.00 | -1,437.00 | -3,839.00 |
| Net cash from financing activities | -2,916.00 | 429.00 | -2,536.00 | 851.00 | -1,302.00 | 747.00 | -1,550.00 | -1,092.00 |
| Purchase of property, plant and equipment | 0.00 | 0.00 | 1,401.00 | 0.00 | 1,847.00 | 1,916.00 | 1,297.00 | 3,171.00 |
| Net increase in cash | -343.00 | 269.00 | -28.00 | 597.00 | 16.00 | -19.00 | 52.00 | 63.00 |
| con:CFO.BEFORE_TAX | 11,991.00 | 1,452.00 | 4,534.00 | 5,088.00 | 10,161.00 | 2,710.00 | 4,964.00 | 8,648.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -1,034.00 | 0.00 | -411.00 | -887.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -78.00 | 0.00 | 0.00 | -121.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.00 |
| con:TAX_PAID.OPERATING | 4,351.00 | 982.00 | 2,068.00 | -471.00 | 1,811.00 | 751.00 | 1,514.00 | 2,885.00 |
| con:CF_OTHER.OPERATING | -1.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -1.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 200.00 | 324.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | -3,047.00 | -481.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 28.00 | -89.00 | -22.00 | 22.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 60.79 | 60.79 | 60.79 | 60.79 | 60.79 | 60.79 | 60.79 | 60.79 | 60.79 | 60.79 | 0.61 | 0.61 | 0.61 | 0.61 |
| Domestic institutions | 18.01 | 17.73 | 17.34 | 14.11 | 14.32 | 14.08 | 14.77 | 14.47 | 15.13 | 14.48 | 0.14 | 0.14 | 0.14 | 0.14 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 7.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Insurance companies | 10.18 | 8.65 | 8.11 | 7.59 | 7.56 | 7.51 | 7.42 | 7.40 | 7.61 | 7.24 | 0.07 | 0.07 | 0.07 | 0.07 |
| Foreign institutions | 6.98 | 8.32 | 9.91 | 12.60 | 12.76 | 12.60 | 12.05 | 12.12 | 11.72 | 12.21 | 0.13 | 0.13 | 0.14 | 0.14 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 39.21 | 39.21 | 39.21 | 39.21 | 39.21 | 39.21 | 39.21 | 39.21 | 39.21 | 39.21 | 0.39 | 0.39 | 0.39 | 0.39 |
| Non-institutional | 14.21 | 13.16 | 11.96 | 12.50 | 12.12 | 12.53 | 12.38 | 12.62 | 12.35 | 12.52 | 0.12 | 0.12 | 0.12 | 0.12 |
| Shares outstanding | 2930605850 | 2930605850 | 2930605850 | 2930605850 | 2930605850 | 2930605850 | 8791817550 | 8791817550 | 8791817550 | 8791817550 | 8791817550 | 8791817550 | 8791817550 | 8791817550 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| NMDC STEEL LTD | Entities under Common Control | Any other transaction, Loan | 9,550,400,000.00 | 3 |
| International Coal Venture Private Ltd | Associate Company | Any other transaction | 5,900,000.00 | 1 |
| J & K Mineral Development Corporation Ltd | Subsidiary | Advance | 4,600,000.00 | 1 |
| A S PARDHA SARADHI | Key Management Personnel | Remuneration | 3,400,000.00 | 1 |
| VINAY KUMAR | Key Management Personnel | Remuneration | 2,800,000.00 | 1 |
| V SURESH | Key Management Personnel | Remuneration | 2,500,000.00 | 1 |
| AMITAVA MUKHERJEE | Key Management Personnel | Remuneration | 2,400,000.00 | 1 |
| Karnataka Vijaynagar Steel Ltd | Wholly owned Subsidiary | Advance | 1,100,000.00 | 1 |
| DILIP KUMAR MOHANTY | Key Management Personnel | Remuneration | 1,000,000.00 | 1 |
| PRAVIN SEKHAR | Key Management Personnel | Remuneration | 200,000.00 | 1 |
| Legacy Iron Ore Ltd | Subsidiary | Investment | 0.00 | 1 |
| NMDC CSR Foundation | Wholly owned Subsidiary | Investment | 0.00 | 1 |
| Kopano NMDC Minerals (PTY) Limited | Joint Venture Company | Advance | 0.00 | 1 |
| Baster Railway Private Limited | Joint Venture Company | Investment | 0.00 | 1 |
| NMDC-CMDC Limited | Joint Venture Company | Advance | 0.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2023-05-30 | Q4FY23 | Read the call | |
| 2022-05-30 | FYFY22 | MOD ERA TOR:, SERVICES LIMITED | Read the call |
| 2021-08-23 | Q1FY21 | August 17, 2021, CAPITAL, MANAGING, SHRI SUMIT DEB - | Read the call |
| 2021-06-30 | FYFY20 | CHAIRMAN AND, DIRECTOR - NMDC LIMITED, NMDC LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | FYFY20 | FYFY22 | Q1FY21 | Q4FY23 |
|---|---|---|---|---|
| Capex | Sir in tenns of balance sheet so now you have a bit of a borrowing and also cash balance so J pressure this borrowing is for the steel plant capex is … | Sir my first question is, if you could quantify the CAPEX number for FY23 and 24 and if you could give a broad split of the CAP EX that will be sir ve… | The second question is on a medium tenn perspective just wanted to get your idea that in medium term that is next three years if you can just let us k… | So far as the capex is concerned, yes as you know that since the plant has not been commissioned even all the opex is being right now booked into the … |
| Capital allocation | What steps are we talking for the divestment any progress on that? | Yes, I am talking about 3 1st of March when the entire dividend was already paid, and rm talking about 24, today is 26 and I have the cash 27, as the … | As and when the board would decide on whether buyback or dividend this is very difficult to speculate in an open call but I am sure that the board wil… | There are issues regarding land acquisition there and that now we have decided to go through the coal bearing act of land acquisition but since as you… |
| Costs | It is like this that as far as raw material goes coking coal we already have procured earlier and we have also placed orders for around 75000 tonnes o… | They say that ramping up these are not really a big-time job they are easy to ramp up and once you have the raw materials. | Actually, just one question regarding the steel plant so the raw material the iron ore and coking coal what would the sourcing arrangement? | The sales are booked as minus CWIP and the purchase of coal and other raw materials are booked as plus CWIP including all the cumulative expenditure u… |
| Debt and cash | Working capital arrangement also 1448-odd Crores is against working capital and 534 Crores is against the steel plants on the truly NCO that is the pr… | So, first of all, if you can let us know the reason for the same, and are there any chances of reversal in working capital buildup that we saw last ye… | What I can assure you is that the management of NMDC is fairly pleased at the development that are taking place over the last I year and we are very h… | — |
| Demand | There is sufficient demand in the domestic market to absorb this additional in any case we are doing 2 million tonnes, 2.5 million tonnes in the expor… | But, at the time of selling you see what sort of demand is there and if required we blended with a slightly lower grade to get it to 64 also, it is no… | Apart from this the major capexes where which we are expecting a) is in the slurry pipeline around 250 Crores to 300 Crores on that this year and b) i… | Now we are in the middle of doing some study pipeline and other production enhancing projects so is it possible to update what could be the probable c… |
| Guidance | Around 13 million tonnes is what we expect from Karnataka the balance we will do it from our Bailadila sector that is around 32 million tonnes. | Sir my question is with regard to the demerger, so we were told that the next update with regard to it would be around July and when will the plant be… | Sir how will the ramp up of the plant be let us say in 2022, 2023 or 2024 what kind of utilizations should we expect? | That was all-time high but given the volume guidance that we have taken for the current fiscal and the pricing outlook which might be a little challen… |
| Margin | — | Sir. now they arc doing their pat1 to control inflation or to lower their infrastructure bill or whatever it is and et cetera to help the poor but as … | Firstly you told that out of the opening stock of 5.1 million ton the EBJTDA margins were higher, so if we remove this opening stock before in the ear… | The second case is whether you have a problem regarding your dispatches, so if some of your bigger clients there is an uptick issue then that has to a… |
| People | So is it possible to throw some light on the capacity utilization of that plant and why we are making losses over there? | — | Our plant capacity utilization is also if you see is 97% and we are investing in debottlenecking in Kirandul and Bacheli where Kirandul we have alread… | — |
| Pricing | My first question is Sir the 22.5% higher royally that is nuw applicablt: tu your mines your pricing is as ex-mine so are your customers paying the hi… | So, from this point onwards if something radically even as a indust1y as a company and also as industry we need to do to protect our pricing and our m… | Just because the valuation changes we took the price hikes, this 22.5% also came in, the book number is because of valuation changes increase in inven… | The margins we could hold the prices in Q4 despite a lot of headwinds in pricing. |
| Revenue growth | — | So, despite all those we have managed to record the highest revenue with just 26600 in tenns entire top line and our revenue from operations of (+2580… | The pellet will start contributing towards the topline and the bottom line. | — |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2021-06-30 | FYFY20 | NMDC LIMITED | Around 13 million tonnes is what we expect from Karnataka the balance we will do it from our Bailadila sector that is around 32 million tonnes. |
| 2021-08-23 | Q1FY21 | August 17, 2021 | We expect to finish output of 2.7 million ton which is basically flat products only. |
| 2021-08-23 | Q1FY21 | August 17, 2021 | Because Kumaraswamy at the end of the year we expect 7 million ton. |
| 2021-08-23 | Q1FY21 | August 17, 2021 | The technical problems have been solved, so we expect by the end ofQ3 both the filter process to be there from Q3 onwards we will be producing at the stated capacity of 1.2 million ton, so that is going to be substantial increase on the topline and bottomline as well because these comes fines, that is number one. |