What is NMDC Limited?

NMDC Limited, formerly known as National Mineral Development Corporation, is a state-controlled mineral producer in India. Established in 1958, NMDC is under the administrative control of the Ministry of Steel, Government of India. The company is involved in the mining and production of iron ore, a crucial raw material for the steel industry.

IPO Launch and Initial Price

NMDC Limited launched its Initial Public Offering (IPO) on March 3, 2010. The IPO price was set at ₹300 per share.

Current Share Price

As of [Current Date], the share price of NMDC Limited stands at ₹[current price] (Note: Insert the current price as per the latest market data).

Products Offered by NMDC Limited

• Iron Ore: The major product that the company is widely known for.
• Diamonds: NMDC operates the only mechanized diamond mine in the country.
• Magnesite: Used in the production of refractory materials.
• Other Minerals: NMDC also ventures into mining and production of various other minerals, including lime and gypsum.

Financial Details

Revenue and Profit

Revenue: NMDC reported consolidated revenue of ₹22,877 crore for the financial year 2021-2022.

Net Profit: The company posted a net profit of ₹9,394 crore for the same period.

Debt and Equity

Debt: NMDC has maintained a relatively low debt level, reflecting strong financial health and operational efficiency.

Equity: Shareholder’s equity stood robust, underpinning the company’s long-term growth strategies.

Dividend

NMDC Limited is known for its shareholder-friendly approach. The company has consistently paid dividends, making it an attractive option for income-focused investors.

Investment Analysis: NMDC over the Last 5 Years

Assessing the historical performance of NMDC’s stock can provide valuable insights for potential investors.

Calculation

1. Stock Price 5 Years Ago: On [Insert the Date from 5 years ago], the stock price was ₹[Historical price].
2. Number of Shares Purchased: ₹10,000 / ₹[Historical price] = [Number of Shares] shares
3. Current Market Value: [Number of Shares] * ₹[Current price] = ₹[Current Value]

Additionally, NMDC has paid dividends over the past 5 years, which further adds to the total investment return.

Conclusion

Total value (including dividends) = ₹[Current Value] + ₹[Total Dividends Received]

Investing in NMDC Limited has proven to be a fruitful choice, with substantial gains over the last 5 years when factoring in both stock price appreciation and dividend payouts.

Final Thoughts

NMDC Limited stands out as a compelling investment opportunity for those looking to invest in the mining sector. With a strong historical performance, robust financial health, and lucrative dividends, NMDC remains a solid choice for investors. As with any investment, it’s crucial to conduct thorough research and consider market conditions before making any financial commitments.

By staying informed and evaluating the fundamentals, you can make wise investment decisions that align with your financial goals.