NMDC Ltd. got a buy call from Motilal Oswal with a target price of Rs 220. NMDC Ltd. is currently trading at Rs 172.7. The expert has suggested a one-year time frame in which the NMDC price can reach the defined target.
NMDC Ltd., founded in 1958, is a Large Cap business in the Mining Industry with a market capitalization of Rs 50743.44 crore.
The company reported a Consolidated Total Income of Rs 6932.75 Crore for the quarter ended 31-03-2021, up 55.41 per cent from the previous quarter's Total Income of Rs 4460.97 Crore and up 108.76 per cent from the same period last year's Total Income of Rs 3320.95 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 2835.54 crore.
On a SoTP basis, the brokerage values the stock at INR220/share, with the iron ore business valued at 5x FY23E EV/EBITDA and the steel plant valued at 25% of its book value. The stock is currently selling at 3.7x its core Iron Ore Mining business at the CMP, with a 13 per cent dividend yield.
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