NMDC Steel is the subsidiary company of the National Mineral Development Corporation (NMDC). NMDC Steel Is Listed In both NSE and BSE. Through this post, we will know about NMDC Steel Share Price Target 2024, 2025, then 2030. This price prediction of NMDC Steel Limited Stock will be based on past performance and fundamental analysis. The Current Market Price of NMDC Steel is ₹63.90 as of 12 April 2024.
NMDC Steel Limited has given good returns to investors in the last few years. NMDC Steel Limited was listed on NSE and BSE on 20 February 2023. Nandak Steel Limited has given returns of 111.24% since its listing. NMDC Steel Limited Stock price increased from ₹31.70 to ₹63.90 in the last 1 years. The 52-week High of NMDC Steel Limited is ₹73.70 and the 52-week low is ₹31.10.
NMDC Steel Limited Overview
NMDC Steel Limited was Established in 2015. NMDC Steel Limited Is a Public Sector Company. NMDC Steel Limited is controlled by the Ministry of Steel, Government of India. NMDC Steel Limited started after the demerger from the National Mineral Development Corporation (NMDC). NMDC Steel started its first commercial production from 31 August 2023. NMDC Steel Limited has a 3 million tonne per annum(MTPA) steel plant in Nagarnar, Chhattisgarh. NMDC Steel Limited manufactures long steel products such as rails, beams, and billets. The government holds a 60.79% stake in NMDC Steel Limited.
NMDC Steel Share Price Target 2024
| Month | Target Price |
| NMDC Steel Target For April 2024 | ₹64.70 |
| NMDC Steel Target For May 2024 | ₹65.95 |
| NMDC Steel Target For June 2024 | ₹67.05 |
| NMDC Steel Target For July 2024 | ₹69.45 |
| NMDC Steel Target For August 2024 | ₹70.35 |
| NMDC Steel Target For September 2024 | ₹72.10 |
| NMDC Steel Target For October 2024 | ₹75.05 |
| NMDC Steel Target For November 2024 | ₹77.20 |
| NMDC Steela Target For December 2024 | ₹80.15 |
Also Read: PNB Share Price Target 2024, 2025, to 2030
NMDC Steel Share Price Target 2025
| Month | Target Price |
| NMDC Steel Target For January 2025 | ₹82.50 |
| NMDC Steel Target For February 2025 | ₹84.65 |
| NMDC Steel Target For March 2025 | ₹85.75 |
| NMDC Steel Target For April 2025 | ₹87.35 |
| NMDC Steel Target For May 2025 | ₹89.45 |
| NMDC Steel Target For June 2025 | ₹93.85 |
| NMDC Steel Target For July 2025 | ₹95.25 |
| NMDC Steel Target For August 2025 | ₹98.10 |
| NMDC Steel Target For September 2025 | ₹100.05 |
| NMDC Steel Target For October 2025 | ₹102.00 |
| NMDC Steel Target For November 2025 | ₹105.80 |
| NMDC Steel Target For December 2025 | ₹104.25 |
Also Read: NHPC Share Price Target 2024, 2025, to 2030
NMDC Steel Share Price Target 2026
| Month | Target Price |
| NMDC Steel Target For January 2026 | ₹106.45 |
| NMDC Steel Target For February 2026 | ₹109.20 |
| NMDC Steel Target For March 2026 | ₹107.30 |
| NMDC Steel Target For April 2026 | ₹110.45 |
| NMDC Steel Target For May 2026 | ₹112.55 |
| NMDC Steel Target For June 2026 | ₹115.35 |
| NMDC Steel Target For July 2026 | ₹118.40 |
| NMDC Steel Target For August 2026 | ₹121.01 |
| NMDC Steel Target For September 2026 | ₹122.50 |
| NMDC Steel Target For October 2026 | ₹124.60 |
| NMDC Steel Target For November 2026 | ₹127.10 |
| NMDC Steel Target For December 2026 | ₹129.15 |
NMDC Steel Share Price Target 2027
| Month | Target Price |
| NMDC Steel Target For January 2027 | ₹131.55 |
| NMDC Steel Target For February 2027 | ₹133.65 |
| NMDC Steel Target For March 2027 | ₹136.20 |
| NMDC Steel Target For April 2027 | ₹138.02 |
| NMDC Steel Target For May 2027 | ₹141.60 |
| NMDC Steel Target For June 2027 | ₹145.00 |
| NMDC Steel Target For July 2027 | ₹143.25 |
| NMDC Steel Target For August 2027 | ₹144.10 |
| NMDC Steel Target For September 2027 | ₹146.95 |
| NMDC Steel Target For October 2027 | ₹148.05 |
| NMDC Steel Target For November 2027 | ₹150.15 |
| NMDC Steel Target For December 2027 | ₹152.05 |
NMDC Steel Share Price Target 2028
| Month | Target Price |
| NMDC Steel Target For January 2028 | ₹154.20 |
| NMDC Steel Target For February 2028 | ₹156.00 |
| NMDC Steel Target For March 2028 | ₹159.35 |
| NMDC Steel Target For April 2028 | ₹158.10 |
| NMDC Steel Target For May 2028 | ₹161.35 |
| NMDC Steel Target For June 2028 | ₹162.60 |
| NMDC Steel Target For July 2028 | ₹164.35 |
| NMDC Steel Target For August 2028 | ₹166.55 |
| NMDC Steel Target For September 2028 | ₹169.30 |
| NMDC Steel Target For October 2028 | ₹172.45 |
| NMDC Steel Target For November 2028 | ₹174.65 |
| NMDC Steel Target For December 2028 | ₹177.80 |
Also Read: Reliance Power Share Price Target 2024, 2025, to 2030
NMDC Steel Share Price Target 2029
| Month | Target Price |
| NMDC Steel Target For January 2029 | ₹180.25 |
| NMDC Steel Target For February 2029 | ₹181.60 |
| NMDC Steel Target For March 2029 | ₹183.55 |
| NMDC Steel Target For April 2029 | ₹186.65 |
| NMDC Steel Target For May 2029 | ₹188.80 |
| NMDC Steel Target For June 2029 | ₹191.35 |
| NMDC Steel Target For July 2029 | ₹193.25 |
| NMDC Steel Target For August 2029 | ₹195.45 |
| NMDC Steel Target For September 2029 | ₹198.70 |
| NMDC Steel Target For October 2029 | ₹202.82 |
| NMDC Steel Target For November 2029 | ₹205.75 |
| NMDC Steel Target For December 2029 | ₹207.90 |
Also Read: IREDA Share Price Target 2024, 2025, to 2030
NMDC Steel Share Price Target 2030
| Month | Target Price |
| NMDC Steel Target For January 2030 | ₹209.30 |
| NMDC Steel Target For February 2030 | ₹212.45 |
| NMDC Steel Target For March 2030 | ₹214.20 |
| NMDC Steel Target For April 2030 | ₹217.55 |
| NMDC Steel Target For May 2030 | ₹220.35 |
| NMDC Steel Target For June 2030 | ₹223.70 |
| NMDC Steel Target For July 2030 | ₹226.90 |
| NMDC Steel Target For August 2030 | ₹228.45 |
| NMDC Steel Target For September 2030 | ₹232.60 |
| NMDC Steel Target For October 2030 | ₹234.05 |
| NMDC Steel Target For November 2030 | ₹237.10 |
| NMDC Steel Target For December 2030 | ₹241.00 |
NMDC Steel Financials 2023
| Particulars | Year (2023) |
| Revenue | ₹1,202(Cr) |
| Expenses | ₹1,536(Cr) |
| EBITA | ₹-452.25(Cr) |
| Profit Before Tax | ₹-927.92(Cr) |
| Net Profit | ₹-699.39(Cr) |
NMDC Steel Limited Fundamentals
| Particulars | Figures |
| Market Cap | ₹18,735(Cr) |
| P/E Ratio | 0.00 |
| Debt to Equity | 0.31 |
| ROE | -0.77% |
| Book Value | 57.73 |
| Face Value | 10 |
NMDC Steel Limited Shareholding Pattern
| Particulars | Shareholding pattern |
| Promoters | 60.79% |
| Domestic Institutions (DII) | 15.93% |
| Retail Investor | 15.76% |
| Foreign Institutions (FII) | 4.33% |
| Mutual Funds | 3.19% |
Key factors to consider before investing in NMDC Steel Stocks
- Before investing in, NMDC Steel Limited Stock analyze its financial performance revenue growth, debt levels, cash flow, and net profit.
- Keep an eye on NMDC Steel Limited’s production capacity, future contracts, cost management, and Profit margins.
- Before investing in NMDC Steel Limited, keep an eye on the decisions taken by the government about regulatory changes and policies and also Government is the largest shareholder in NMDC Steel Limited so keep an eye on its shareholding pattern. This can affect the share price.
- Must consider the fundamentals of NMDC Steel Limited like price-to-earnings ratio (P/E), market valuation, price-to-book (P/B) ratio, etc.
- Before investing in NMDC Steel Limited, understand your risk and invest with proper risk management.
Conclusion
NMDC Steel Limited is a government entity due to which investors have confidence in it. Now NMDC Steel Limited is a new player in the steel market. But even then, before investing in NMDC Steel Limited, do your analysis and take expert advice Because it can be risky.
The target price of NMDC Steel Limited given above is only a guidance. We do not give any kind of buy or sell advice. The target prices of the given NMDC Steel Limited Stocks are subject to change at any time depending on the market conditions. However, TrendFriend advises you to consult your experts for any investment In NMDC Steel Limited.
FAQ’S
What is the target price of NMDC Steel Limited In 2025?
NMDC Steel Limited’s share price target is between ₹82.50 to ₹104.25 in 2025.
What is the target price of NMDC Steel Limited In 2026?
NMDC Steel Limited’s share price target is between ₹106.45 to ₹129.15 in 2026.
What is the target price of NMDC Steel Limited In 2027?
NMDC Steel Limited’s share price target is between ₹131.55 to ₹152.05 in 2027.
What is the target price of NMDC Steel Limited In 2028?
NMDC Steel Limited’s share price target is between ₹154.20 to ₹177.80 in 2028.
What is the target price of NMDC Steel Limited In 2029?
NMDC Steel Limited’s share price target is between ₹180.25 to ₹207.90 in 2029.
What is the target price of NMDC Steel Limited In 2030?
NMDC Steel Limited’s share price target is between ₹209.30 to ₹241.00 in 2030.
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