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NMDC Share Price Target

NMDC Ltd.
Sector: Mining
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NMDC Share Price *
86.85 +4.35 (5.27%)
* (quote may be delayed)
NMDC Share Price Forecast - Consensus
No. of reports in last year
9
No. of analysts
4
Average Consensus Forecast
120.44
Consensus Potential
29.10%

NMDC Share Price Target - Broker Reports - 2019

ICICIdirect.com
21-Aug-19
Price @ Call: 90.15
Target: 95
HOLD
The decision of Karnataka to withdraw the letter of lease renewal and put the Donimalai mine for auction has come as a negative surprise for NMDC. The Donimalai mine was likely to contribute ~0.5 MT per month if it had received all pending approvals and restarted operations. However, the recent development is likely to place Donimalai mine out of its purview currently and will put NMDC’s volume growth plan in a jeopardy. We value the stock on an SoTP basis and have a target price of Rs 95 with a HOLD recommendation.
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Edelweiss
16-Aug-19
Price @ Call: 102.68
Target: 135
BUY
After a steady performance despite production outage at Donimalai, we see earnings
getting a boost from: 1) higher export realisation; and 2) production resumption at
Donimalai. On the flip side, we still find uncertainty with respect to commissioning of
the steel plant, but believe that the steel plant would be a significant value enabler
once it gets operational. The stock is trading at an undemanding 3.9x FY21E EBITDA.
Maintain ‘BUY/SO’ with a target price of INR135/share.
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ICICIdirect.com
19-Jul-19
Price @ Call: 115.69
Target: 125
HOLD
Valuation & Outlook: NMDC has started FY20 on a good note wherein it reported healthy growth in production and sales volume for Q1FY20. Furthermore, the recent verdict by the high court with respect to the Donimalai mining case also augurs well. We continue to value the stock on an SoTP basis and arrive at a target price of | 125 with a HOLD recommendation on the stock.
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ICICIdirect.com
30-May-19
Price @ Call: 102.66
Target: 115
HOLD
Valuation & Outlook: NMDC reported a steady set of Q4FY19 numbers wherein EBITDA margin came in higher than our estimate on the back of lower-than-expected operating cost. Going forward, we model sales volume of 31 MT for FY20E and 32 MT for FY21E. Furthermore, we expect EBITDA margins to hover around 50% levels for the next couple of years. We introduce our FY21E and value the stock on a SoTP basis. Hence, we arrive at a target price of | 115. We maintain our HOLD recommendation on the stock.
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Motilal Oswal
1-Feb-19
Price @ Call: 95.51
Target: 111
BUY
Valuations attractive but risk from special mining premium; Maintain Buy. We raise our FY19 EPS estimate by 8% to account for the beat. Operations at the Donimalai mine remain suspended. However, we expect NMDC to eventually get its MLs renewed without sharing any revenue. Steel plant may have some teething troubles in the initial years, but it is likely to be a valuable asset, as it will enjoy low-cost iron ore, economy of scale and high productivity. We value the stock at INR111/share, based on 3x EV/EBITDA for book value for CWIP at the end of FY20. Maintain Buy
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Motilal Oswal
21-Jan-19
Price @ Call: 90.7
Target: 111
BUY

NMDC Share Price Target - Broker Reports - 2018

Prabhudas Lilladher
21-Dec-18
Price @ Call: 97.4
Target: 86
REDUCE

Edelweiss
28-Nov-18
Price @ Call: 94.65
Target: 151
BUY

Edelweiss
27-Sep-18
Price @ Call: 117.31
Target: 155
BUY

ICICIdirect.com
12-Sep-18
Price @ Call: 121.11
Target: 140
BUY

Kotak Securities
29-Aug-18
Price @ Call: 108.6
Target: 125
BUY

Edelweiss
28-Aug-18
Price @ Call: 108.11
Target: 155
BUY

Kotak Securities
10-Aug-18
Price @ Call: 106.65
Target: 125
BUY

Motilal Oswal
9-Aug-18
Price @ Call: 112.4
Target: 178
BUY

Edelweiss
31-May-18
Price @ Call: 118.82
Target: 195
BUY

Motilal Oswal
30-May-18
Price @ Call: 120.1
Target: 178
BUY

Prabhudas Lilladher
29-May-18
Price @ Call: 119.1
Target: 145
ACCUMULATE

Kotak Securities
16-Feb-18
Price @ Call: 132.6
Target: 130
SELL

Motilal Oswal
14-Feb-18
Price @ Call: 137.45
Target: 215
BUY

Edelweiss
14-Feb-18
Price @ Call: 137.45
Target: 195
BUY

HDFC Securities
5-Feb-18
Price @ Call: 132.7
Target: 163
BUY

Kotak Securities
11-Jan-18
Price @ Call: 156.08
Target: 130
SELL

Edelweiss
8-Jan-18
Price @ Call: 158.5
Target: 195
BUY

NMDC Share Price Target - Broker Reports - 2017

Motilal Oswal
1-Dec-17
Price @ Call: 127.8
Target: 187
BUY

Motilal Oswal
14-Nov-17
Price @ Call: 126.05
Target: 187
BUY

Motilal Oswal
6-Jul-17
Price @ Call: 113
Target: 180
BUY

Edelweiss
8-May-17
Price @ Call: 124
Target: 130
HOLD

ICICIdirect.com
15-Feb-17
Price @ Call: 136
Target: 140
HOLD

NMDC Share Price Target - Broker Reports - 2016

HDFC Securities
12-Dec-16
Price @ Call: 127
Target: 86
SELL

Motilal Oswal
9-Dec-16
Price @ Call: 127
Target: 156
BUY

Motilal Oswal
27-Sep-16
Price @ Call: 106
Target: 136
BUY

Asian Market Securities
8-Jul-16
Price @ Call: 94.65
Target: 107.5
HOLD

Arihant Capital Markets
30-May-16
Price @ Call: 93
Target: 102
HOLD

  • NMDC - Share Price Target Potential

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    BrokerageTargetPotential
    ICICIdirect.com9513.16%
    Edelweiss13538.89%
    Motilal Oswal11125.68%
    Prabhudas Lilladher864.07%