NMDC Limited (NMDC) - Net Assets
Based on the latest financial reports, NMDC Limited (NMDC) has net assets worth Rs324.68 Billion INR (≈ $3.51 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs424.77 Billion ≈ $4.59 Billion USD) and total liabilities (Rs100.09 Billion ≈ $1.08 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NMDC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs324.68 Billion |
| % of Total Assets | 76.44% |
| Annual Growth Rate | 14.29% |
| 5-Year Change | -0.64% |
| 10-Year Change | 1.75% |
| Growth Volatility | 20.96 |
NMDC Limited - Net Assets Trend (2002–2025)
This chart illustrates how NMDC Limited's net assets have evolved over time, based on quarterly financial data. Also explore NMDC Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for NMDC Limited (2002–2025)
The table below shows the annual net assets of NMDC Limited from 2002 to 2025. For live valuation and market cap data, see NMDC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs297.07 Billion ≈ $3.21 Billion |
+15.71% |
| 2024-03-31 | Rs256.73 Billion ≈ $2.78 Billion |
+13.42% |
| 2023-03-31 | Rs226.35 Billion ≈ $2.45 Billion |
+25.53% |
| 2022-03-31 | Rs180.32 Billion ≈ $1.95 Billion |
-39.69% |
| 2021-03-31 | Rs298.98 Billion ≈ $3.23 Billion |
+8.01% |
| 2020-03-31 | Rs276.81 Billion ≈ $2.99 Billion |
+6.23% |
| 2019-03-31 | Rs260.58 Billion ≈ $2.82 Billion |
+6.65% |
| 2018-03-31 | Rs244.32 Billion ≈ $2.64 Billion |
+8.12% |
| 2017-03-31 | Rs225.98 Billion ≈ $2.44 Billion |
-22.60% |
| 2016-03-31 | Rs291.97 Billion ≈ $3.16 Billion |
-9.66% |
| 2015-03-31 | Rs323.17 Billion ≈ $3.49 Billion |
+7.91% |
| 2014-03-31 | Rs299.48 Billion ≈ $3.24 Billion |
+8.24% |
| 2013-03-31 | Rs276.68 Billion ≈ $2.99 Billion |
+13.36% |
| 2012-03-31 | Rs244.06 Billion ≈ $2.64 Billion |
+27.02% |
| 2011-03-31 | Rs192.15 Billion ≈ $2.08 Billion |
+34.63% |
| 2010-03-31 | Rs142.72 Billion ≈ $1.54 Billion |
+22.65% |
| 2009-03-31 | Rs116.37 Billion ≈ $1.26 Billion |
+40.38% |
| 2008-03-31 | Rs82.90 Billion ≈ $896.49 Million |
+42.90% |
| 2007-03-31 | Rs58.01 Billion ≈ $627.35 Million |
+44.50% |
| 2006-03-31 | Rs40.14 Billion ≈ $434.15 Million |
+54.19% |
| 2005-03-31 | Rs26.04 Billion ≈ $281.56 Million |
+28.55% |
| 2004-03-31 | Rs20.25 Billion ≈ $219.03 Million |
+23.37% |
| 2003-03-31 | Rs16.42 Billion ≈ $177.55 Million |
+19.39% |
| 2002-03-31 | Rs13.75 Billion ≈ $148.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NMDC Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 221.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs39.98 Billion | 13.46% |
| Common Stock | Rs8.79 Billion | 2.96% |
| Other Comprehensive Income | Rs248.18 Billion | 83.57% |
| Total Equity | Rs296.96 Billion | 100.00% |
NMDC Limited Competitors by Market Cap
The table below lists competitors of NMDC Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Autoliv Inc.
F:LIV
|
$8.59 Billion |
|
BUNZL PLC ADR/ LS-3214857
F:BUZ
|
$8.59 Billion |
|
The Gap, Inc.
NYSE:GAP
|
$8.60 Billion |
|
Bio-Techne Corp
NASDAQ:TECH
|
$8.61 Billion |
|
Krka d. d
WAR:KRK
|
$8.59 Billion |
|
Korea Investment Holdings Co
KO:071050
|
$8.58 Billion |
|
GMéxico Transportes S.A.B. de C.V
MX:GMXT
|
$8.58 Billion |
|
AKZO NOBEL SPONS.ADRS 1/3
F:AKUP
|
$8.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NMDC Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 256,559,000,000 to 296,957,700,000, a change of 40,398,700,000 (15.7%).
- Net income of 65,419,800,000 contributed positively to equity growth.
- Dividend payments of 24,598,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 243,970,400,000.
- Other factors decreased equity by 244,393,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs65.42 Billion | +22.03% |
| Dividends Paid | Rs24.60 Billion | -8.28% |
| Other Comprehensive Income | Rs243.97 Billion | +82.16% |
| Other Changes | Rs-244.39 Billion | -82.3% |
| Total Change | Rs- | 15.75% |
Book Value vs Market Value Analysis
This analysis compares NMDC Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 53.07x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs1.70 | Rs90.37 | x |
| 2005-03-31 | Rs2.19 | Rs90.37 | x |
| 2006-03-31 | Rs3.38 | Rs90.37 | x |
| 2007-03-31 | Rs4.88 | Rs90.37 | x |
| 2008-03-31 | Rs6.97 | Rs90.37 | x |
| 2009-03-31 | Rs9.78 | Rs90.37 | x |
| 2010-03-31 | Rs12.00 | Rs90.37 | x |
| 2011-03-31 | Rs16.15 | Rs90.37 | x |
| 2012-03-31 | Rs20.52 | Rs90.37 | x |
| 2013-03-31 | Rs69.41 | Rs90.37 | x |
| 2014-03-31 | Rs25.18 | Rs90.37 | x |
| 2015-03-31 | Rs27.13 | Rs90.37 | x |
| 2016-03-31 | Rs24.53 | Rs90.37 | x |
| 2017-03-31 | Rs23.79 | Rs90.37 | x |
| 2018-03-31 | Rs25.73 | Rs90.37 | x |
| 2019-03-31 | Rs28.35 | Rs90.37 | x |
| 2020-03-31 | Rs30.13 | Rs90.37 | x |
| 2021-03-31 | Rs33.99 | Rs90.37 | x |
| 2022-03-31 | Rs20.49 | Rs90.37 | x |
| 2023-03-31 | Rs25.73 | Rs90.37 | x |
| 2024-03-31 | Rs29.18 | Rs90.37 | x |
| 2025-03-31 | Rs33.78 | Rs90.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NMDC Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.37%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.38x
- Recent ROE (22.03%) is below the historical average (25.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 18.48% | 22.49% | 0.61x | 1.34x | Rs1.17 Billion |
| 2003 | 18.97% | 25.65% | 0.55x | 1.36x | Rs1.47 Billion |
| 2004 | 21.36% | 29.76% | 0.54x | 1.33x | Rs2.30 Billion |
| 2005 | 29.02% | 33.88% | 0.64x | 1.34x | Rs4.95 Billion |
| 2006 | 45.53% | 49.25% | 0.68x | 1.35x | Rs14.26 Billion |
| 2007 | 40.00% | 55.43% | 0.67x | 1.08x | Rs17.40 Billion |
| 2008 | 39.22% | 56.92% | 0.63x | 1.09x | Rs24.22 Billion |
| 2009 | 37.57% | 57.80% | 0.59x | 1.11x | Rs32.09 Billion |
| 2010 | 24.15% | 55.25% | 0.40x | 1.10x | Rs20.20 Billion |
| 2011 | 33.82% | 57.17% | 0.54x | 1.10x | Rs45.78 Billion |
| 2012 | 29.77% | 64.51% | 0.42x | 1.09x | Rs48.25 Billion |
| 2013 | 23.01% | 59.15% | 0.35x | 1.12x | Rs35.80 Billion |
| 2014 | 21.19% | 51.36% | 0.39x | 1.05x | Rs33.52 Billion |
| 2015 | 19.67% | 51.36% | 0.36x | 1.07x | Rs31.20 Billion |
| 2016 | 8.73% | 39.44% | 0.20x | 1.12x | Rs-3.72 Billion |
| 2017 | 11.26% | 28.82% | 0.34x | 1.14x | Rs2.86 Billion |
| 2018 | 15.60% | 32.79% | 0.40x | 1.18x | Rs13.67 Billion |
| 2019 | 17.73% | 38.01% | 0.41x | 1.15x | Rs20.14 Billion |
| 2020 | 12.91% | 30.54% | 0.37x | 1.13x | Rs8.06 Billion |
| 2021 | 21.00% | 40.84% | 0.42x | 1.24x | Rs32.89 Billion |
| 2022 | 52.33% | 36.31% | 0.99x | 1.45x | Rs76.27 Billion |
| 2023 | 24.76% | 31.71% | 0.59x | 1.32x | Rs33.39 Billion |
| 2024 | 21.73% | 26.16% | 0.60x | 1.39x | Rs30.09 Billion |
| 2025 | 22.03% | 27.37% | 0.58x | 1.38x | Rs35.72 Billion |
Industry Comparison
This section compares NMDC Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,407,957,405
- Average return on equity (ROE) among peers: -187.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NMDC Limited (NMDC) | Rs324.68 Billion | 18.48% | 0.31x | $8.59 Billion |
| Ankit Metal & Power Limited (ANKITMETAL) | $-7.85 Billion | 0.00% | 0.00x | $2.44 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $18.33 Billion | 19.65% | 0.85x | $5.72 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.23 Billion | 25.69% | 2.12x | $501.93 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.27 Billion | -6.80% | 3.37x | $38.63 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $4.35 Billion | -3.86% | 0.72x | $164.68 Million |
| Electrotherm (India) Limited (ELECTHERM) | $265.49 Million | -1960.00% | 134.73x | $111.23 Million |
| Grand Foundry Limited (GFSTEELS) | $-49.54 Million | 0.00% | 0.00x | $4.07 Million |
| Goodluck India Limited (GOODLUCK) | $490.54 Million | 25.50% | 2.98x | $451.00 Million |
| Godawari Power And Ispat limited (GPIL) | $4.56 Billion | 13.49% | 0.95x | $2.08 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $482.99 Million | 16.37% | 1.89x | $111.44 Million |
About NMDC Limited
NMDC Limited, together with its subsidiaries, explores for and produces iron ore in India and internationally. It operates through Iron Ore, and All Other Segments (Pellets, Other Minerals & Services). The company also explores for lithium, copper, rock phosphate, limestone, beach sand, coking and non-coking coal, magnesite, diamond, tungsten, nickel, gold, base metals, and rare earth metals. In … Read more