NMDC Steel Share Price Target 2024 To 2030 – NMDC Steel Limited is a leading public sector company in India that deals with the manufacture of steel products, particularly high-grade steel. It is a subsidiary of NMDC Limited, an Indian iron ore mining corporation. NMDC Steel has a very convenient plant at Nagarnar in Chhattisgarh with having an installed capacity of producing 3 million ton per annum. The company intends to play its role in fulfilling the increasing steel need of India in the wake of infrastructure and industrialization.
NMDC Steel is committed to the quality, growth and innovation of the manufacturing of steel by employing new techniques and technologies for manufacturing steel products.
NMDC Steel Current Market Overview
- Today’s Open: 54.95%
- Today’s High: 55.25
- Today’s Low: 53.35
- Current Share Price: 53.49
- Market Capital: 15.68K Cr
- P/E: N/A
- Dividend Yield: N/A
- 52 Week High: 73.25
- 52 Week Low: 39.15
NMDC Steel Share Price Recent Graph
Share Price Target Tomorrow From 2024 To 2030
The following table shows the share target price for upcoming years, which is based on market valuation, industrial trends, and expert predictions.
| S.No. | Share Price Target Years | Share Target Value |
|
|
2024 | 75.32 |
|
|
2025 | 108.26 |
|
|
2026 | 132.58 |
|
|
2027 | 156.95 |
|
|
2028 | 172.56 |
|
|
2029 | 204.88 |
|
|
2030 | 256.00 |
Shareholding Pattern For NMDC Steel
- Promoters: 60.79%
- Retail And Others: 18.46%
- Other Domestic Institutions: 15.62%
- Foreign Institutions: 4.52%
- Mutual Funds: 0.60%
NMDC Steel Annual Income Statement
The given chart shows the comparison between revenue and net income.
Here are the details of the company’s annual income statement.
| Particulars | Info 2024 | Y/Y Change |
| Revenue | 30.49B | N/A |
| Operating Expenses | 17.45B | N/A |
| Net Income | -15.60B | N/A |
| Net Profit Margin | -51.17 | N/A |
| Earning Per Share | N/A | N/A |
| EBITDA | -14.37B | N/A |
| Effective Tax Rate | 29.11% | N/A |
Challenges For NMDC Steel Share Price
Fluctuating Steel Prices
This is so because fluctuations in the price of steel in the international market may have a direct impact on the company’s revenue and even its margins.
High Input Costs
This affects profitability since the costs of some of the inputs, such as iron ore, coal, and energy, are on the rise.
Competition
With the emergence of new Private players in the domestic field & stiff competition with global players, market share can be at risk.
Demand Cycles
Lack of growth or reduction in the rate of growth, as well as a decrease in infrastructure development, can also hamper the overall steel demand.
