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NMDC Share Price Target

NMDC Ltd.
NSE: NMDC | BSE: 526371 | ISIN: INE584A01023 | Sector: Mining

NMDC Rating

3.7/5 (9 Ratings)
NMDC Share Price *
105 +0 (0%)
* (quote may be delayed)

10 NMDC share price target reports by brokerages below. See what is analyst's view on NMDC share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find NMDC share price target tomorrow or next week from NMDC discussion forum.

NMDC Share Price Forecast - Consensus
No. of reports in last year
10
No. of analysts
4
Average Consensus Forecast
116.40
Consensus Potential
7.35%

NMDC Share Price Target - Broker Reports - 2020

7-Feb-20
Price @ Call: 112.89
Target: 105
REDUCE

NMDC Share Price Target - Broker Reports - 2019

11-Nov-19
Price @ Call: 104.52
Target: 126
BUY
Global iron ore prices have retreated in recent months and we expect this to lead to lower export price realization. On the domestic front, we expect prices to decline in 4QFY20 due to (a) an oversupplied market, (b) higher availability prior to mine lease expiry, and (c) some tapering off in global prices. Most packages of the steel plant are complete. We believe the company’s steel plant would be valuable given the low-cost iron ore and economy of scale. Operations at Donimalai should eventually restart post clearances. We value the stock at 5x EV/EBITDA FY21 with TP of INR126/share. Maintain Buy.
... Read more

19-Dec-19
Price @ Call: 123.37
Target: 140
BUY
The Tokisud North coal mine does not add much to EBITDA. However, in our view, the diversification of earnings base (including Rohne coal block) is strategically significant for the company. Also, operations are likely through MDO mode, lowering cost and strain on the company’s resources. We maintain ‘BUY/SP’ with TP of INR140 (5.4x FY21E EBITDA).
... Read more

11-Nov-19
Price @ Call: 104.52
Target: 93
REDUCE
We believe that Street is overlooking the structural risk to the large- scale iron ore merchant mining business given the clear competitive edge tothe steel producers in auctions and Govt’s policy to restrict use of mineralreserves for domestic consumption. Hence, we reiterate Reduce rating (with TP of Rs93), as the changing business environment would outweigh any benefit from change in policy to accommodate mine renewal.
... Read more

4-Oct-19
Price @ Call: 96.2
Target: 90
REDUCE

3-Oct-19
Price @ Call: 96.4
Target: 140
BUY

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.
... Read more

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.
... Read more

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.
... Read more

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.
... Read more

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
... Read more

21-Jan-19
Price @ Call: 90.7
Target: 111
BUY

NMDC Share Price Target - Broker Reports - 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NMDC Share Price Target - Broker Reports - 2017

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

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

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

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

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

NMDC Share Price Target - Broker Reports - 2016

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

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

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

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

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

  • NMDC - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Prabhudas Lilladher1050.00%
    Motilal Oswal12616.67%
    Edelweiss14025.00%
    ICICIdirect.com95-10.53%
  • NMDC Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3109.1
    Upside Target 2107.8
    Upside Target 1106.4
    Pivot105.1
    Downside Target 1103.7
    Downside Target 2102.4
    Downside Target 3101
  • NMDC Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3122.37
    Upside Target 2118.88
    Upside Target 1112.62
    Pivot109.13
    Downside Target 1102.87
    Downside Target 299.38
    Downside Target 393.12
  • NMDC Share Price Target monthly- Technical Pivot Points (Classic)

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    Upside Target 3155.87
    Upside Target 2147.78
    Upside Target 1132.37
    Pivot124.28
    Downside Target 1108.87
    Downside Target 2100.78
    Downside Target 385.37
  • NMDC Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3107.8
    Upside Target 2106.77
    Upside Target 1106.13
    Pivot105.1
    Downside Target 1104.07
    Downside Target 2103.43
    Downside Target 3102.4
  • NMDC Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3118.88
    Upside Target 2115.16
    Upside Target 1112.86
    Pivot109.13
    Downside Target 1105.41
    Downside Target 2103.11
    Downside Target 399.38
  • NMDC Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3147.78
    Upside Target 2138.81
    Upside Target 1133.26
    Pivot124.28
    Downside Target 1115.31
    Downside Target 2109.76
    Downside Target 3100.78
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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