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NMDC
PE (Price/Earnings) Ratio

The Current P/E Ratio of NMDC is 9.67.

Share Price ₹82.0Sep 23,2026
Market Cap ₹72,092.8 Cr
Earnings-TTM₹7,453.7 CrTTM-Consolidated Results
Price/Earnings9.67xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NMDC

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of NMDC is calculated as :

Current Market Cap [ ₹72,092.8 Cr] as on Sep 23,2026

(/) Earnings [ ₹7,453.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.67x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for NMDC , the investors are currently willing to pay 9.67 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of NMDC !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of NMDC over the last five years.

Historical PE (Price/Earnings) ratio chart of NMDC


PE Ratio Performance Analysis for NMDC

- NMDC 's latest p/e ratio is 9.67x.

- NMDC 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 5.76x.

- NMDC 's operated at median p/e ratio of 5.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NMDC 's p/e ratio peaked in Mar2025 at 9.26x.

- NMDC 's p/e ratio hit its five-year low in Mar2023 of 1.95x.


How does NMDC 's P/E Ratio benchmark against top 10 peers in Mining & Minerals Industry?

Peer Comparison (Mining & Minerals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NMDC 7,453.699.6772,092.8
COAL INDIA LTD30,331.808.61261,300.0
KIOCL LTD38.88545.0721,192.3
GUJARAT MINERAL DEVELOPMENT CORPORATION LTD956.5218.5117,706.2
SANDUR MANGANESE & IRON ORES LTD720.5812.719,155.8
MOIL LTD303.5916.685,062.7
ASHAPURA MINECHEM LTD384.5413.235,087.2
DECCAN GOLD MINES LTD-60.58-73.784,469.6
THE ORISSA MINERALS DEVELOPMENT COMPANY LTD3.33691.492,302.0
20 MICRONS LTD68.1411.37774.7
ASI INDUSTRIES LTD25.108.50213.4

Mining & Minerals Industry Benchmark (Top 10) PE Analysis vs NMDC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -73.78x
Max industry PE 691.49x
Median industry PE 12.71x
Average industry PE 114.73x



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