NMDC Limited has announced a key leadership development with its Chairman and Managing Director taking on additional responsibilities in the finance function. The Ministry of Steel, Government of India has issued specific orders regarding this organizational change.

Leadership Assignment Details

The Ministry of Steel has communicated through Order No. S-14013/1/2024-BLA-Part(1) dated January 27, 2026, that Shri Amitava Mukherjee, Chairman and Managing Director of NMDC Limited, will assume additional charge of the Director (Finance) position.

Regulatory Compliance

NMDC Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this development to multiple stock exchanges where its shares are listed.

The announcement was simultaneously sent to:

• BSE Limited (Scrip Code – 526371)
• National Stock Exchange of India Limited (Scrip Code – NMDC)
• The Calcutta Stock Exchange Limited (Scrip Code – 24131)

Corporate Communication

The official communication was signed by Pravin Shekhar, Company Secretary & Compliance Officer, and digitally authenticated on January 28, 2026. This appointment represents a temporary organizational structure adjustment while the company manages its senior leadership positions.

The three-month initial period provides flexibility for the Ministry of Steel to issue further orders regarding the Director (Finance) position, ensuring continuity in NMDC's financial operations during this transitional phase.

NMDC shares declined 2.05% to ₹76.63 in Friday's trading session, despite the mining major reporting strong annual financial performance for the fiscal year ending March 2025. The stock, which is a constituent of the Nifty Midcap 150 index, faced selling pressure even as the company demonstrated robust operational metrics across key financial parameters.

Annual Financial Performance Shows Strong Growth

NMDC delivered impressive annual results for FY25, with significant improvements across revenue and profitability metrics. The company's financial performance demonstrates the strength of its mining operations and market position.

The company's net profit margin improved to 27.35% in FY25 from 26.14% in the previous year, indicating enhanced operational efficiency and cost management.

Quarterly Performance Shows Mixed Trends

While annual performance remained strong, quarterly results revealed some moderation in recent quarters. The revenue trajectory shows fluctuations across the recent quarters.

The quarter-ending September 2025 showed revenue of ₹6,378.11 crores compared to ₹6,738.85 crores in the previous quarter, representing a sequential decline.

Strong Balance Sheet and Financial Ratios

NMDC maintains a robust financial position with strengthened balance sheet metrics. The company's total assets grew to ₹41,006 crores in FY25 from ₹35,661 crores in FY24, reflecting expansion in operations.

The company maintained healthy liquidity with a current ratio of 2.42 times and low debt-to-equity ratio of 0.13, indicating strong financial stability.

Corporate Actions and Shareholder Returns

NMDC has been active in rewarding shareholders through various corporate actions and dividend distributions. The company announced significant corporate actions during the recent period.

Recent Corporate Actions:

• Bonus Issue: 2:1 ratio announced on November 11, 2024, with record date December 27, 2024
• Total Dividend FY25: ₹3.30 per share comprising interim dividend of ₹2.30 and final dividend of ₹1.00
• Previous Bonus: 2:1 ratio in December 2007
• Stock Split: Face value split from ₹10 to ₹1 in December 2007

The dividend yield and consistent shareholder returns reflect the company's commitment to sharing profits with investors while maintaining growth investments.

Market Valuation and Trading Metrics

Despite the recent price decline, NMDC's valuation metrics remain attractive compared to historical levels. The stock trades at a P/E ratio of 9.26 times and P/B ratio of 2.04 times as of FY25, indicating reasonable valuation levels for a mining company with strong fundamentals and consistent profitability.