NMDC Scripts History! Navratna PSU Crosses 50 Mn Tonnes Iron Ore Production: Upside Ahead After 142% Rally?

NMDC Share Price Today: NMDC Limited created history after crossing the record milestone of producing and selling over 50 MT of iron ore in financial year 2025-26. NMDC's strong operational capacity, net cash position, and expansion plans are likely to drive growth in the next financial year, according to expert.

NMDC share price was trading 0.68% lower at Rs 84.56 per share on BSE with a market capitalisation of Rs 74,343.61 crore at 12 pm. The stock had touched an intraday high mark of Rs 85.93 per share and an intraday low mark of Rs 84.36 per share.

NMDC Share Price Outlook

The domestic demand is expected to remain resilient with NMDC Steel and RINL's ramp-up, as well as the new domestic steel capacity coming online/ramping up. Additionally the sale of iron ore mine blocks (in Odisha) at high premiums is likely to push up the cost curve for for other players.

"We favor the company's strong operational capacity, net cash position, and expansion plans (including recently commenced coal mining)," noted Antique Stock Broking in its report released on Wednesday, July 1.

NMDC Share Price Target

The brokerage fixed a target price of Rs 99 per share for NMDC stock in the long-run. "We favor NMDC's strong operational capacity, net cash position, capacity expansion plans (100 mtpa capacity by FY31 and long-term target of 10%-15% of revenue from non-iron ore segments like coal, gold, magnetite, and lithium mining prospects in Australia). Maintain BUY with TP of INR 99 per share at a target multiple of 6x FY28E EV/EBITDA."

NMDC Share Price Trend

Shares of NMDC Limited opened lower during Wednesday's trading session. The stock had touched its 52-week high mark of Rs 97.49 per share on BSE on June 3, 2026. The stock dipped to its 52-week low mark of Rs 67 per share on July 2, 2025. The stock has delivered 24% return in one year. It has delivered 142% return in three years.

NMDC Becomes First Company To Produce 50 Million Tonnes In One Year

NMDC Limited has crossed 50 million tonnes of iron ore production in a single financial year, becoming the first mining company in India to reach the mark. The milestone, achieved days before the end of FY 2025-26, gives the state-run miner a stronger role in India's steel supply chain at a time when domestic demand for steel continues to expand.

The company, a Navratna Central Public Sector Enterprise under the Ministry of Steel, said the achievement reflects its long-term expansion of India's iron ore base. For investors and industry watchers, the number is significant because iron ore remains the most important raw material for steel production, which is closely tied to infrastructure, manufacturing, construction and capital expenditure cycles.