Sharp margin drop
EBITDA margin dropped 7.6 percentage points in a single year, from 41.6% to 34.0% — worth investigating.
Importance 72 / 95 · anomaly
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
EBITDA margin dropped 7.6 percentage points in a single year, from 41.6% to 34.0% — worth investigating.
Importance 72 / 95 · anomaly
Revenue grew 33.3% but profit grew 10.9%, so the company kept less of each rupee of revenue as profit.
Importance 70 / 95 · growth
Revenue grew 33.3% but only 0.66× of reported profit came through as operating cash.
Importance 62 / 95 · cash quality
EBITDA margin of 34.0% is the thinnest in 7 years (prior range 38.6% to 61.9%).
Importance 60 / 95 · profitability
Classified by the exchange under Commodities › Metals & Mining › Minerals & Mining › Industrial Minerals.
Peer set used on this page: 12 metals & mining.
Revenue grew 33.3% but EBITDA margin fell 7.6 percentage points to 34.0%, so the company kept less of each rupee of revenue as operating profit.
Rule REVENUE_UP_MARGIN_DOWN
Revenue grew 33.3% but profit grew 10.9%, so the company kept less of each rupee of revenue as profit.
Profit has swung sharply over 7 years (from ₹3,610 to ₹9,398) — one year is a weak guide to the earnings power.
Revenue compounded at 14.6% a year over 7 years (₹12,153 → ₹31,554) — though FY2022 saw a one-off step-change of 68% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Revenue grew 33.3% year on year (FY2025 → FY2026).
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Q1 FY27 revenue was ₹6,795 cr, down 40.1% from ₹11,343 cr in the previous quarter (Q4 FY26).
Rule QTR_REVENUE_SEQUENTIAL_CHANGE
Q1 FY27 interest (finance cost) was ₹22 cr, down 20.4% from ₹27 cr a year earlier.
Rule QTR_INTEREST_EXPENSE_CHANGE_YOY
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q1 FY25 | 5,414 | — | 1,971 | — | 36.4% |
| Q2 FY25 | 4,919 | — | 1,212 | — | 24.6% |
| Q3 FY25 | 6,568 | +21.4% | 1,882 | +26.8% | 28.7% |
| Q1 FY26 | 6,739 | +24.5% | 1,968 | −0.2% | 29.2% |
| Q2 FY26 | 6,378 | +29.7% | 1,699 | +40.2% | 26.6% |
| Q3 FY26 | 7,611 | +15.9% | 1,757 | −6.7% | 23.1% |
| Q4 FY26 | 11,343 | — | 2,027 | — | 17.9% |
| Q1 FY27 | 6,795 | +0.8% | 1,976 | +0.4% | 29.1% |
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
EBITDA margin of 34.0% is the thinnest in 7 years (prior range 38.6% to 61.9%).
Rule MARGIN_AT_MULTI_YEAR_LOW
Revenue grew 33.3% but only 0.66× of reported profit came through as operating cash.
Rule GROWTH_WITH_WEAK_CASH
Operating cash flow was only 0.66× reported profit (FY2026).
Free cash flow has been positive in 5 of the last 6 years.
Ranked against 12 metals & mining (FY2026, consolidated).
NMDC · set median 7.5%
NMDC · 4th of 11 · set median 18.8%
NMDC · 7th of 12 · set median 24.6%
NMDC · 2nd of 11 · set median 13.8×
Trades at 8.84× earnings — 36% below the metals and mining median of 13.79×.
Rule PE_BELOW_PEERS
On the trailing twelve months. Last full year: P/E 8.9× · P/S 2.0× · ROE 21.9%.
Long-term price performance is shown above.
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12,153 | 11,699 | 15,370 | 25,882 | 17,667 | 21,294 | 23,668 | 31,554 |
| Total income | 12,741 | 12,213 | 15,720 | 26,600 | 18,415 | 22,649 | 25,259 | 33,017 |
| EBITDA | 7,518 | 6,524 | 9,146 | 13,307 | 6,811 | 8,709 | 9,848 | 10,738 |
| Profit before tax | 7,199 | 6,123 | 8,901 | 12,981 | 7,638 | 8,012 | 9,298 | 10,156 |
| Net profit | 4,642 | 3,610 | 6,253 | 9,398 | 5,529 | 5,632 | 6,693 | 7,421 |
| EPS (₹) | 14.7 | 11.8 | 20.6 | 32.1 | 18.9 | 19.2 | 7.6 | 8.4 |
| Net worth | 25,952 | 27,534 | 29,756 | 34,844 | 22,332 | 25,406 | 29,579 | 33,836 |
| Total debt | 364 | 566 | 1,994 | 3,491 | 421 | 3,357 | 3,770 | 5,874 |
| Operating cash flow | — | — | 7,331 | 7,617 | 4,438 | 7,439 | 1,577 | 4,923 |
| Free cash flow | — | — | 7,331 | 4,585 | 3,033 | 5,606 | −1,217 | 1,806 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Revenue growth YoY | — | -3.7 | 31.4 | 68.4 | -31.7 | 20.5 | 11.2 | 33.3 |
| Profit growth YoY | — | -22.2 | 73.2 | 50.3 | -41.2 | 1.9 | 18.8 | 10.9 |
| Profitability | ||||||||
| EBITDA margin % | 61.9 | 55.8 | 59.5 | 51.4 | 38.6 | 40.9 | 41.6 | 34.0 |
| Net margin % | 36.4 | 29.6 | 39.8 | 35.3 | 30.0 | 24.9 | 26.5 | 22.5 |
| Return on equity % | 17.9 | 13.5 | 21.8 | 29.1 | 19.3 | 23.6 | 24.3 | 23.4 |
| Return on capital % | 27.5 | 22.9 | 29.8 | 37.2 | 21.2 | 32.5 | 30.5 | 28.1 |
| Leverage & cash | ||||||||
| Debt to equity | 0.01 | 0.02 | 0.07 | 0.10 | 0.02 | 0.13 | 0.13 | 0.17 |
| Cash flow ÷ profit | — | — | 1.17 | 0.81 | 0.80 | 1.32 | 0.24 | 0.66 |
| Current ratio | 2.60 | 2.63 | 1.91 | 2.28 | 3.75 | 2.56 | 2.42 | 2.43 |