NMDC.NS NMDC Limited
INR·Price 87.80·Mkt cap 771.92BComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
- Strong growth quality
- High capital efficiency
- Low accrual ratio
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 123.43 vs price 87.80 — screens cheap on a cash-flow DCF (40.6% to intrinsic). The base FCF growth assumption of 15% is aggressive and may not be sustainable long-term.
| Intrinsic / share | 123.43 |
| Price | 87.80 |
| Upside to intrinsic | 40.6% |
| Reverse-DCF implied g | 10.6% |
Base FCF 36.86B · growth 15.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 11% | 13% | 15% | 17% | 19% |
| 10% | 133.35 | 156.87 | 184.19 | 215.85 | 252.47 |
| 11% | 108.18 | 126.91 | 148.62 | 173.74 | 202.75 |
| 12% | 90.3 | 105.66 | ★ 123.43 | 143.95 | 167.6 |
| 13% | 76.97 | 89.84 | 104.7 | 121.83 | 141.54 |
| 14% | 66.66 | 77.63 | 90.26 | 104.81 | 121.52 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 5 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 21.9%
- Net margin ≥ 10% — now 23.2%
- Positive free cash flow — now 5.7%
- Conservative leverage (D/E ≤ 1.0) — now 0.19
- Trades below intrinsic value (margin of safety ≥ 0) — now 28.9%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 4 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- High returns on capital (ROCE ≥ 15%) — now 24.3%
- ROE ≥ 15% — now 21.9%
- Conservative leverage (D/E ≤ 1.0) — now 0.19
- Trades below intrinsic value (margin of safety ≥ 0) — now 28.9%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 2 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.19
- Solid liquidity (current ratio ≥ 1.5) — now 2.43
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 3 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 18% — now 21.9%
- Net margin ≥ 10% — now 23.2%
- Conservative leverage (D/E ≤ 1.0) — now 0.19
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 4 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- High returns on capital (ROCE ≥ 18%) — now 24.3%
- Very low debt (D/E ≤ 0.5) — now 0.19
- Consistent revenue (consistency ≥ 80%) — now 91%
- Positive net margin — now 23.2%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 2 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Quality: ROCE ≥ 18% — now 24.3%
- Longevity: revenue consistency ≥ 70% — now 91%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
▶
Passes 2 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 21.9%
- Manageable debt (D/E ≤ 1.0) — now 0.19
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 4 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/E ≤ 15 — now 10.35
- Strong liquidity (current ratio ≥ 1.5) — now 2.43
- Debt below equity (D/E ≤ 1.0) — now 0.19
- Financially safe (Altman Z ≥ 3) — now 5.18
- P/B ≤ 1.5 — now 2.26
- Graham number: P/E × P/B ≤ 22.5 — now 23.4
- A long record of stable earnings
- An uninterrupted dividend history
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 320.71B | 239.06B | 213.01B | 176.61B | — |
| Operating income | 87.82B | 77.28B | 69.41B | 57.21B | — |
| EBITDA | 107.48B | 97.42B | 83.90B | 80.59B | — |
| Net income | 74.50B | 65.42B | 55.75B | 56.01B | — |
| Operating cash flow | 49.96B | 18.94B | 73.94B | 18.38B | — |
| Capex | -31.71B | -32.30B | -18.47B | -12.47B | — |
| Free cash flow | 18.25B | -13.36B | 55.47B | 5.90B | — |
| Total assets | 483.20B | 410.07B | 356.61B | 299.53B | — |
| Total equity | 340.62B | 296.96B | 256.56B | 226.21B | — |
| Total debt | 64.07B | 42.76B | 33.59B | 21.28B | — |
| Cash & equivalents | 1.48B | 848.20M | 1.09B | 930.00M | — |