NMDC Limited Stock Forecast

Stock Price Forecast

According to 21 analysts polled by S&P Global, NMDC Limited stock has a consensus rating of "Hold" and an average price target of ₹88.14. The average 1-year stock price forecast is 4.01% higher than the current stock price, while the lowest is ₹67.00 (-20.93%) and the highest is ₹106.00 (+25.09%).

Price Target: ₹88.14 (+4.01%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹67.00	₹88.14	₹86.00	₹106.00
Change	-20.93%	+4.01%	+1.49%	+25.09%

Analyst Ratings

The average analyst rating for NMDC Limited stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	4	3	3	3	3
Buy	3	2	2	3	3	4
Hold	3	4	4	3	3	4
Sell	3	3	3	4	4	3
Strong Sell	4	4	4	5	5	6
Total	18	17	16	18	18	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vibhav Zutshi J.P. Morgan	J.P. Morgan	Sell Maintains ₹75.00	Sell	Maintains	₹75.00	-11.49%	Jun 9, 2026
Alok Deora Motilal Oswal	Motilal Oswal	Buy Maintains ₹106.00	Buy	Maintains	₹106.00	+25.09%	Jun 1, 2026
Amit Dixit Goldman Sachs	Goldman Sachs	Sell Initiates ₹84.00	Sell	Initiates	₹84.00	-0.87%	Apr 26, 2026
Unknown Analyst ICICI Securities No rating	ICICI Securities	Hold Maintains ₹90.00	Hold	Maintains	₹90.00	+6.21%	Feb 5, 2026

Financial Forecast

Revenue This Year

318.29B

from 320.71B

-0.76%

from 320.71B

Revenue Next Year

341.83B

from 318.29B

7.40%

from 318.29B

EPS This Year

9.76

from 8.47

15.24%

from 8.47

EPS Next Year

10.05

from 9.76

2.98%

from 9.76

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	259.65B	176.67B	213.08B	239.06B	320.71B	318.29B
Revenue Growth	68.93%	-31.96%	20.61%	12.19%	34.16%	-0.76%
Gross Profit	163.19B	94.57B	110.99B	127.49B	146.38B	211.85B
Gross Margin	62.85%	53.53%	52.09%	53.33%	45.64%	66.56%
Operating Income	123.54B	57.17B	69.35B	77.30B	87.82B	105.05B
Net Income	94.29B	56.01B	55.75B	65.42B	74.50B	85.77B
EPS	-	-	-	-	8.47	9.76
EPS Growth	-	-	-	-	11.30%	15.24%
Forward PE	-	-	-	-	-	8.68
Dividend / Share	4.91	2.20	7.25	3.30	3.50	3.53
Dividend Growth	-	-55.22%	229.55%	-54.48%	6.06%	0.77%
Free Cash Flow	49.80B	4.48B	60.50B	-22.50B	-13.96B	34.73B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	372.0B
Avg	318.3B
Low	282.2B

Revenue Growth

Revenue Growth	2027	2028	2029
High	16.0%
Avg	-0.8%
Low	-12.0%

EPS Forecast

EPS	2027	2028	2029
High	11.50
Avg	9.76
Low	8.80

EPS Growth

EPS Growth	2027	2028	2029
High	35.8%
Avg	15.2%
Low	3.9%