- Total income
- ₹8,294 Cr
- Profit
- ₹-2,374 Cr

About NMDC Steel Limited
Data last updated:
NMDC Steel Limited is a public limited union government company based in Nagarnar, Chhattisgarh, India, a subsidiary of Nmdc Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 January 2015 and has been in existence for over 11 years.
NMDC Steel is ranked #310 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN L27310CT2015GOI001618. Its GSTIN is 22AAFCN3661C1ZX (Chattisgarh). The company holds 4 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 543768 and NSE: NSLNISP.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹2,930.61 Cr. It is led by directors including Amitava Mukherjee (Managing Director) and Vinay Kumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at C/O Nmdc Iron & Steel Plant, Nagarnar, Chhattisgarh, India – 494001.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹13,642 Cr, a growth of 60.4% compared to the previous year. For the same year it recorded a net profit of ₹58.9 Cr (net margin 0.4%) and EBITDA of ₹1,518.2 Cr (EBITDA margin 11.1%). The net worth stands at ₹13,173 Cr (up 0.4% YoY). Total assets are valued at ₹17,802 Cr (down 15.9% YoY).
The company is associated with 1 brand: NMDC. As per MCA filings, the company has open charges of ₹8,576.2 Cr on record. Court records list 14 cases involving the company, including 8 filed by the company and 6 filed against it; 7 cases are pending. The company has 3 deals on record (2 rights issues, 1 market trade); the latest was in September 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nmdcsteel.nmdc.co.in.
Company details
CIN history
NMDC Steel has one previous CIN (Corporate Identification Number): U27310CT2015GOI001618. The current CIN is L27310CT2015GOI001618, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27310CT2015GOI001618 | Current |
| U27310CT2015GOI001618 | Previous |
Recognitions & Rankings of NMDC Steel
Contact details
NMDC Steel Limited's registered office is in Nagarnar, Chhattisgarh.
- Social Media
- Registered AddressC/O Nmdc Iron & Steel Plant, Nagarnar, Chhattisgarh, India – 494001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
NMDC Steel operates one associated brand: NMDC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron ore production is conducted by NMDC across India. | nmdc.co.in |
Business activity
The main business activity of NMDC Steel is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of NMDC Steel Limited, buy the company report.
Financials of NMDC Steel Limited
FY 2025-26 filings availableNMDC Steel Limited reported revenue of ₹13,642 Cr (up 60.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 13,642 | 8,503 | 3,049 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue growth | +60.4% | +178.9% | - | - | - | - | - |
| EBITDA | 1,518 | (1,788) | (1,437) | 0.00 | 0.00 | (0.01) | (0.01) |
| EBITDA margin | +11.1% | -21.0% | -47.1% | - | - | - | - |
| Profit before tax | 75.78 | (3,322) | (2,201) | 0.00 | 0.00 | (0.01) | (0.01) |
| Net profit | 58.90 | (2,374) | (1,560) | 0.00 | 0.00 | (0.01) | (0.01) |
| Net profit margin | +0.4% | -27.9% | -51.2% | - | - | - | - |
| EPS (₹) | 0.20 | (8.10) | (5.32) | 0.00 | 0.00 | (1.21) | (1.23) |
| Balance sheet | |||||||
| Total assets | 17,802 | 21,175 | 24,653 | 23,392 | 19,225 | 0.00 | 0.01 |
| Net worth | 13,173 | 13,114 | 15,488 | 17,049 | 17,049 | 0.00 | 0.01 |
| Total debt | 4,613 | 5,909 | 6,662 | 3,842 | 1,691 | 0.00 | 0.00 |
| Cash & bank | 800 | 908 | 721 | 1,513 | 0.82 | 0.00 | 0.01 |
| Net working capital | (3,976) | (1,441) | 2,341 | 523 | (1,187) | 0.00 | 0.01 |
| Cash flow | |||||||
| Cash from operations | 1,796 | 1,966 | (2,825) | 1,516 | 743 | (0.01) | (0.01) |
| Cash from investing | 109 | (506) | (228) | (2,189) | (1,891) | 0.00 | 0.00 |
| Cash from financing | (1,902) | (1,460) | 2,439 | 1,293 | 1,144 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,662 | 3,879 | 3,008 | 3,390 | 3,365 | 2,838 | 2,120 | 1,522 |
| Revenue growth (YoY) | +8.8% | +36.7% | +41.9% | +122.7% | +66.4% | - | - | - |
| Other income | 42.89 | 26.14 | 18.73 | 21.13 | 20.00 | 19.23 | 18.34 | 13.11 |
| Total expenses | 3,262 | 3,073 | 2,910 | 3,183 | 2,958 | 3,129 | 2,776 | 1,963 |
| EBITDA | 400 | 806 | 97.52 | 207 | 408 | (291) | (656) | (441) |
| EBITDA margin | +10.9% | +20.8% | +3.2% | +6.1% | +12.1% | -10.2% | -31.0% | -28.9% |
| Depreciation | 242 | 249 | 252 | 283 | 258 | 221 | 253 | 240 |
| Interest | 126 | 96.42 | 128 | 128 | 134 | 172 | 165 | 161 |
| Profit before tax | 73.95 | 486 | (264) | (183) | 36.14 | (664) | (1,056) | (829) |
| Tax | 23.44 | 94.19 | (19.84) | (67.87) | 10.58 | (191) | (299) | (234) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,662 | 3,879 | 3,008 | 3,390 | 3,365 | 2,838 | 2,120 | 1,522 |
| Revenue growth (YoY) | +8.8% | +36.7% | +41.9% | +122.7% | +66.4% | - | - | - |
| Other income | 42.89 | 26.14 | 18.73 | 21.13 | 20.00 | 19.23 | 18.34 | 13.11 |
| Total expenses | 3,262 | 3,073 | 2,910 | 3,183 | 2,958 | 3,129 | 2,776 | 1,963 |
| EBITDA | 400 | 806 | 97.52 | 207 | 408 | (291) | (656) | (441) |
| EBITDA margin | +10.9% | +20.8% | +3.2% | +6.1% | +12.1% | -10.2% | -31.0% | -28.9% |
| Depreciation | 242 | 249 | 252 | 283 | 258 | 221 | 253 | 240 |
| Interest | 126 | 96.42 | 128 | 128 | 134 | 172 | 165 | 161 |
| Profit before tax | 73.95 | 486 | (264) | (183) | 36.14 | (664) | (1,056) | (829) |
| Tax | 23.44 | 94.19 | (19.84) | (67.87) | 10.58 | (191) | (299) | (234) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 13,642 | 8,503 | 3,049 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue growth | +60.4% | +178.9% | - | - | - | - | - |
| Other income | 86.00 | 71.51 | 119 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 12,124 | 10,291 | 4,486 | 0.00 | 0.00 | 0.01 | 0.01 |
| Employee cost | 137 | 94.88 | 57.28 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1,518 | (1,788) | (1,437) | 0.00 | 0.00 | (0.01) | (0.01) |
| EBITDA margin | +11.1% | -21.0% | -47.1% | - | - | - | - |
| Depreciation | 1,042 | 953 | 553 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 487 | 652 | 331 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 75.78 | (3,322) | (2,201) | 0.00 | 0.00 | (0.01) | (0.01) |
| Tax | 17.06 | (948) | (641) | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 58.90 | (2,374) | (1,560) | 0.00 | 0.00 | (0.01) | (0.01) |
| Net profit margin | +0.4% | -27.9% | -51.2% | - | - | - | - |
| EPS (₹) | 0.20 | (8.10) | (5.32) | 0.00 | 0.00 | (1.21) | (1.23) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 2,931 | 2,931 | 2,931 | 2,931 | 0.00 | 0.06 | 0.06 |
| Reserves & surplus | 10,243 | 10,184 | 12,558 | 14,118 | 17,049 | (0.06) | (0.05) |
| Shareholders' funds (net worth) | 13,173 | 13,114 | 15,488 | 17,049 | 17,049 | 0.00 | 0.01 |
| Secured loans | 0.00 | 524 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 4,613 | 5,385 | 6,662 | 3,842 | 1,691 | 0.00 | 0.00 |
| Total debt | 4,613 | 5,909 | 6,662 | 3,842 | 1,691 | 0.00 | 0.00 |
| Total liabilities | 17,802 | 21,175 | 24,653 | 23,392 | 19,225 | 0.00 | 0.01 |
| Assets | |||||||
| Gross block | 22,002 | 21,779 | 20,987 | 1,260 | 1,238 | 0.00 | 0.00 |
| Net block | 19,452 | 20,131 | 20,273 | 1,118 | 1,132 | 0.00 | 0.00 |
| Capital work in progress | 570 | 717 | 1,215 | 19,545 | 17,038 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 3,897 | 3,057 | 3,703 | 860 | 39.68 | 0.00 | 0.00 |
| Sundry debtors | 179 | 197 | 37.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 800 | 908 | 721 | 1,513 | 0.82 | 0.00 | 0.01 |
| Loans & advances | 1,583 | 1,689 | 2,595 | 327 | 52.06 | 0.00 | 0.00 |
| Total current assets | 6,459 | 5,851 | 7,057 | 2,699 | 92.56 | 0.00 | 0.01 |
| Total current liabilities | 10,435 | 7,292 | 4,716 | 2,176 | 1,280 | 0.00 | 0.00 |
| Net working capital | (3,976) | (1,441) | 2,341 | 523 | (1,187) | 0.00 | 0.01 |
| Total assets | 17,802 | 21,175 | 24,653 | 23,392 | 19,225 | 0.00 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.04 | 6.65 | 621 | 0.82 | 4.57 | 0.01 | 0.02 |
| Net cash from operating activities | 1,796 | 1,966 | (2,825) | 1,516 | 743 | (0.01) | (0.01) |
| Net cash from investing activities | 109 | (506) | (228) | (2,189) | (1,891) | 0.00 | 0.00 |
| Net cash from financing activities | (1,902) | (1,460) | 2,439 | 1,293 | 1,144 | 0.00 | 0.00 |
| Net change in cash | 1.83 | 0.39 | (614) | 620 | (3.75) | (0.01) | (0.01) |
| Closing cash | 800 | 908 | 721 | 1,513 | 0.82 | 0.00 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +60.4% | +178.9% | - | - | - | - | - |
| EBITDA growth | +184.9% | -24.5% | - | - | +100.0% | 0.0% | - |
| PBT growth | +9998.0% | -50.9% | +9997.0% | +9997.0% | +9997.0% | 0.0% | +9997.0% |
| Net income growth | +102.5% | -52.2% | - | - | +100.0% | 0.0% | - |
| EBITDA CAGR (3Y) | - | - | +5137.5% | -100.0% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.4% | -27.9% | -51.2% | - | - | - | - |
| Return on capital employed | +2.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.40 | 0.44 | 0.32 | 0.16 | 0.10 | 0.00 | 0.00 |
| Long-term debt / equity | 0.23 | 0.26 | 0.25 | 0.16 | 0.10 | 0.00 | 0.00 |
| Interest cover | 102.15 | -23.78 | -16.62 | - | - | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.62 | 0.40 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 3.92 | 2.52 | 1.34 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 72.46 | 72.52 | 164.77 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.20 | (8.10) | (5.32) | 0.00 | 0.00 | (1.21) | (1.23) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 44.95 | 44.75 | 52.85 | 58.17 | 0.00 | 0.14 | 1.34 |
To see the full year-wise statements and ratios of NMDC Steel Limited, buy the company report.
Board of directors of NMDC Steel Limited
NMDC Steel has 7 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijit Narendra Also directs: NMDC Limited, Steel Authority of India Limited, Sail Refractory Company Limited and 1 more | Nominee Director | 20 Mar 2023 | 3 Years 7 Months | Current |
| Vinay Kumar | Whole-Time Director | 19 May 2023 | 3 Years 5 Months | Current |
| Ashish Chatterjee Also directs: NMDC Limited, Nmdc-Cmdc Limited | Nominee Director | 11 Jun 2025 | 1 Years 5 Months | Current |
| Amitava Mukherjee | Managing Director | 06 Mar 2019 | 7 Years 8 Months | Current |
| Joydeep Dasgupta | Whole-Time Director | 15 Nov 2024 | 2 Years 0 Months | Current |
| Anurag Kapil | Additional Director | 31 Mar 2026 | 0 Years 7 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2023 | 100769954 | Sbicap Trustee Company Limited | ₹4,100 Cr | Open | |
| 19 May 2023 | 100726753 | Sbicap Trustee Company Limited | ₹4,476.2 Cr | Open |
To see the full charge records of NMDC Steel Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
NMDC Steel Limited has 3 deals on record (2 rights issues, 1 market trade); the latest was in September 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Market trade | ₹112.04 Cr | Seller: an individual |
| Jun 2021 | Rights issue | ₹5 Lakh | Investors: NMDC Limited |
| Jul 2018 | Rights issue | ₹5 Lakh | Investors: NMDC Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
NMDC Steel Limited has 14 court cases on record: 8 filed by NMDC Steel, 6 filed against it. 7 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 5 |
| High courts | 5 | 3 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed by the company against Sepc Limited | Pending |
| High Court, TELANGANA | Court case (COMOP) | Filed against the company by Danieli Corus India Pvt. Ltd and 1 other | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Primetals Technologies India Private Limited and 1 other | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against Shapoorji Pallonji and Company Private Limited and 2 others | Disposed |
| High Court | Arbitration matter | Filed against the company by Shri Sai Rolled Products Private Limited Vaibhav Anant Goverdhan and 2 others | Disposed |
To see the full case history of NMDC Steel Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
NMDC Steel Limited was last rated by Indiarating on 16 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 16 Feb 2023 |
To see the full credit ratings and regulatory alerts of NMDC Steel Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for NMDC Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
NMDC Steel has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAFCN3661C1ZX | Chattisgarh | Active | 23 Mar 2021 |
| 22AAFCN3661C1D6 | Chattisgarh | Active | 17 Apr 2021 |
| 37AAFCN3661C1ZM | Andhra Pradesh | Active | 03 Jan 2024 |
| 37AAFCN3661C1DV | Andhra Pradesh | Active | 18 Mar 2024 |
To see the full GST registrations and return filing status of NMDC Steel Limited, buy the company report.
Recent activity
NMDC Steel Limited has 27 board changes on record since 2017: 9 appointments and 18 cessations. The latest: Anurag Kapil was appointed as Additional Director on 31 Mar 2026.
21 earlier events are in the company report.
News
Frequently asked questions
NMDC Steel is an active public limited union government company based in Nagarnar, Chhattisgarh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 January 2015 (11+ years old) and is registered under CIN L27310CT2015GOI001618. Listed on BSE: 543768 and NSE: NSLNISP.
NMDC Steel reported revenue of ₹13,642 Cr for FY 2025-26 (up 60.4% YoY) based on standalone financials.
NMDC Steel has 7 current directors:
- Amitava Mukherjee - Managing Director
- Vinay Kumar - Whole-Time Director
- Joydeep Dasgupta - Whole-Time Director
- Abhijit Narendra - Nominee Director
- Ashish Chatterjee - Nominee Director
- Anurag Kapil - Additional Director
- Krishna Kumar Thakur - Additional Director
The latest financial statements of NMDC Steel on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NMDC Steel is 22AAFCN3661C1ZX, registered in Chattisgarh. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 22AAFCN3661C1D6 (Chattisgarh), 37AAFCN3661C1ZM (Andhra Pradesh), 37AAFCN3661C1DV (Andhra Pradesh).
The CIN (Corporate Identification Number) of NMDC Steel is L27310CT2015GOI001618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. NMDC Steel is a listed company as per MCA records. Its shares are listed on both BSE (code: 543768) and NSE (symbol: NSLNISP).
NMDC Steel has 14 court cases on record: 8 filed by the company and 6 filed against it. 7 are pending. Most are in the district courts.
NMDC Steel was incorporated on 02 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
NMDC Steel has 3 deals on record (2 rights issues, 1 market trade); the latest was in September 2023.

